Amazon breaks $200bn mark as world’s most valuable brand January 22, 2020 Online retail titan Amazon has defended its position as the world’s most valuable brand for a third year in a row, with the firm becoming the first to break the $200bn (£153bn) mark. Jeff Bezos’ company is worth $220.8bn in total, over $60bn more than second-placed Google, which is worth $159.7bn, according to the annual [...]
China repeats call for Canada to release Huawei CFO Meng Wanzhou January 20, 2020 China called again on Canada today to release detained Huawei finance chief Meng Wanzhou as soon as possible ahead of an extradition hearing. Foreign ministry spokesman Geng Shuang said Canada should correct its “mistake” in arresting the executive, who is the daughter of Huawei chief executive Ren Zhengfei. “The resolve of the Chinese government to [...]
BT and Vodafone ‘support Huawei involvement’ in UK 5G network January 17, 2020 BT and Vodafone are reportedly set to support Chinese telecoms firm Huawei’s involvement in the UK’s 5G network. The companies are preparing a letter to be sent to the Prime Minister to lobby him to support the move, saying a ban on Huawei could stunt the growth of the UK’s digital economy, Sky News reported. [...]
UK ‘must not let fox into the hen house’ with Huawei decision January 15, 2020 Boris Johnson has been warned not to “let the fox into the hen house” by allowing Huawei to build the UK’s 5G network. Tom Tugendhat, who is running for reelection as chair of the Foreign Affairs Committee, today said the embattled telecoms giant was “integrally” part of the Chinese state and could not be trusted. [...]
Huawei hits back at ‘unsubstantiated allegations’ of spying January 14, 2020 Huawei has urged the government to ignore “unsubstantiated allegations” of spying levelled by the US amid fresh speculation over the Chinese firm’s role in the UK’s 5G network. Top US officials have reportedly warned their British counterparts that using Huawei’s equipment would be “nothing short of madness”. During crunch meetings in London yesterday the security [...]
US officials to hold last-ditch talks with UK over Huawei ban January 12, 2020 US officials are gearing up for a final attempt to persuade the government to block Huawei from building the UK’s 5G network. Representatives from the US National Economic Council and National Security Agency are set to hold meetings in London tomorrow ahead of a final verdict on whether the embattled Chinese tech firm will face [...]
Just one in 10 Brits trusts Huawei amid China spying fears January 9, 2020 While the UK is yet to decide whether or not it will allow Huawei to participate in the country’s 5G network, it seems the public may already have made up its mind. Just one in 10 Brits said they trust the controversial Chinese tech firm, according to a new survey from Yougov, while 22 per [...]
Huawei predicts ‘difficult’ 2020 as US sanctions bite December 31, 2019 Huawei has cut its full-year revenue forecasts, with the Chinese tech giant’s chairman saying 2020 is likely to be a “difficult year” for the company after US trade blacklisting disrupted growth and its ability to source key parts. The world’s biggest maker of telecom network equipment and second largest smartphone manufacturer said its full-year revenue [...]
US National Security Advisor warns UK over using Huawei in 5G networks December 24, 2019 Robert O’Brien, the US National Security Advisor, has warned the UK over using Huawei for its 5G networks, saying that using the Chinese firm’s technology would put the UK’s intelligence services at risk. In an interview with the Financial Times, O’Brien said: “They are just going to steal wholesale state secrets, whether they are the [...]
Tensions mount in German coalition as SPD eyes Huawei ban December 16, 2019 German Chancellor Angela Merkel’s coalition government could be plunged into further conflict tomorrow as the Social Democrats (SPD) vote on a proposal to block Huawei from the country’s 5G network. The government has announced plans to toughen up scrutiny of telecoms suppliers, but has stopped short of excluding any country or company. Read more: Telefonica [...]