Huawei reports 32 percent sales drop amid US sanctions
Chinese telecom giant Huawei has reported a 32 percent decline in sales amid U.S.-implemented sanctions on the company.
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Chinese telecom giant Huawei has reported a 32 percent decline in sales amid U.S.-implemented sanctions on the company.
International, MNA | Chinese tech giant Huawei Friday announced that it generated 455.8 billion yuan (about 71.3 billion U.S. dollars) in sales revenue in the first three quarters of 2021 with the net profit margin at 10.2 percent.
JAPAN <strong>Industrial production falls</strong> Industrial production fell for a third straight month last month, deepening the worst quarterly slump for the country’s manufacturers since the height of the COVID-19 pandemic and weighing on the recovery before national elections this weekend. Sliding output at Toyota Motor Corp and other automakers sent factory production down 5.4 percent from August, a ministry report showed yesterday. The drop was twice as steep as the median estimate from analysts. “The car industry is key for Japan’s economy, so the slowdown could have ...
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Huawei kicked off Eco-Connect Europe 2021 today online and on-site in 5 countries. Huawei Rotating Chairman Guo Ping opened the event with a keynote speech titled