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Huawei Reports First Quarterly Loss in Years Following Sanctions
Chinese Huawei reports a loss of 300 million Chinese yuan, approximately 400 million Swedish kronor, for the latest quarter. The quarterly loss was the first in several years, notes news agency Bloomberg and notes that the figure comes after a number of international sanctions have been imposed on the company, including from the USA.
Duplantis Steers Clear of Chinese Sponsors Amid Criticism Storm
Armand Duplantis declines collaborations with Chinese sponsors. The pole vault star's agency has learned from the criticism storm against Sarah Sjöström's Huawei collaboration.
China connection in new corruption scandal in EU
Police in Belgium and Portugal have struck against around 20 locations early on Thursday to investigate suspected corruption linked to the Chinese mobile giant Huawei. According to the newspaper Le Soir, several lobbyists working for the company have been taken in for questioning, suspected of having corrupted current or former EU parliamentarians.
Confirmed: Alibaba's AI in iPhones in China
The Tech giant Apple's iPhone headphones in China will use artificial intelligence (AI) from the Chinese e-commerce giant Alibaba, confirms Alibaba's chairman Joseph Tsai in connection with an appearance in Dubai. The information had spread in industry media earlier in the week before the confirmation.
Muscle challenged in space: "There is a demand"
China, Russia, EU and private actors are taking up the fight against Elon Musk's Starlink, the lord of the manor when it comes to satellite internet. Some feel a time pressure to get into the market, says space security expert Juliana Süss.
Huawei takes market shares from Apple
Chinese Huawei reports rising revenues for the sixth quarter in a row. A total of 239 billion Chinese yuan, approximately 342 billion Swedish kronor, means that revenues increased by 33 percent compared to the same period in 2023.
Australia and Indonesia engage in military cooperation
Australia and Indonesia have agreed on a new bilateral defence agreement that gives both countries the opportunity to operate militarily on each other's territory. .
Germany stops Huawei
The German government confirms that it has decided on a ban on components from the Chinese companies Huawei and ZTE in Germany's 5G network. The decision applies from the end of 2026 and is motivated by national security reasons.
China and Australia give their relationship a chance
China and Australia's differences are to be addressed, announces China's Prime Minister Li Qiang after a meeting with Australia's Prime Minister Anthony Albanese on Monday. The relationship between the countries has been frosty since 2020 when Australia's government, among other things, stopped the Chinese technology giant Huawei from getting a 5G contract in the country.
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