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Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance


Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance

SHENZHEN, China, Aug 29 (Reuters) – Chinese technology giant Huawei (HWT.UL) reported strong growth in revenue and net profit in the first half of the year on Thursday. Smartphone sales were robust and business with components for smart cars was also doing well despite U.S. sanctions. Net profit rose 18% to 54.9 billion yuan ($7.7 […]

Two Republicans want the Pentagon to put Chinese battery maker CATL on the blacklist


Two Republicans want the Pentagon to put Chinese battery maker CATL on the blacklist

WASHINGTON, Aug 28 (Reuters) – Two leading Republican lawmakers on Wednesday called on the U.S. Defense Department to add Chinese battery maker CATL (300750.SZ) to the list of the world’s largest battery makers.opens new tab placed on a restricted list of companies allegedly collaborating with Beijing’s military. Companies on the list cannot receive U.S. military […]

Tango stars from all over the world will be on stage at the Argentine competition


Tango stars from all over the world will be on stage at the Argentine competition

BUENOS AIRES, Aug 27 (Reuters) – Every night in Buenos Aires, cozy clubs and huge halls fill with dancers from all over the world, clinging to each other in the embrace of Argentine tango and gliding in unison to plaintive melodies of nostalgia, loss and love. This week, tango took to the stage, with several […]

China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions


China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions

Aug 27 (Reuters) – The electric vehicle division of troubled property developer China Evergrande (3333.HK)opens new tab announced on Tuesday that it expected a higher loss for the first half of 2024 due to an increase in provisions for impairment. China Evergrande New Vehicle (0708.HK)opens new tab estimated its consolidated net loss for the six […]