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Suppliers to Chinese telecoms giant Huawei and China's top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell them goods and technology despite their being on a U.S. trade blacklist, documents seen by Reuters showed on Thursday. ....
Europe's main stock index edged higher on Tuesday as gains in mining and technology shares helped offset losses in Sweden's Ericsson, which reported a hit from global supply chain problems. ....
Sweden's Ericsson reported third-quarter core earnings above estimates on Tuesday, as strong sales of 5G equipment in most of the world offset a loss of market share in mainland China and a hit from the global supply chain problems. ....
Sweden's Ericsson announced on Tuesday plans to reduce its operations in China after suffering a big sales drop in one of its biggest markets due to retaliation for Sweden's ban on China's Huawei (HWT.UL) from selling 5G gear in the country. ....