It's all about Huawei. World's biggest mobile tech show gets started Over the next four days, about 100,000 people in Barcelona are expected to traipse through the halls of Mobile World Congress, one of the tech industry's biggest events. All the biggest players in the world use it to showcase new products. One company really stands out this year: China's Huawei. Walking out of the Barcelona airport, there's a Huawei hospitality stand. The company's branding dots the city. The lanyards conference attendees wear around their necks are decorated with the Huawei name. There's a good reason everyone is focused on Huawei, one of the world's largest makers of telecom equipment. Huawei is a crucial part of China's efforts to advance superfast 5G wireless networks and today is caught in a life or death battle with the US government. The United States claims that Huawei poses a potential national security threat. Last month, US prosecutors revealed criminal charges against the company, … [Read more...] about It’s all about Huawei. World’s biggest mobile tech show gets started
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BUSINESS NEWS IN BRIEF 23/1
MoIT celebrates soaring export turnover in 2018 The $245 billion in total export turnover and 29 export categories exceeding the $1 billion threshold are touted as a major success for the Ministry of Industry and Trade (MoIT). The rosy export picture was highlighted as one of the achievements of the MoIT in 2018 at the review meeting held on January 17. Notably, last year, Vietnam’s total export turnover reached $245 billion, up 13.8 per cent on-year and exceeding the target set by the National Assembly and the government. 29 goods categories reached $1 billion in turnover, with five categories hitting $5 billion and five others $10 billion. Vietnam’s export markets expanded and now Vietnamese goods are present in almost all markets of the world. Numerous goods categories have set a solid foothold in key markets, including Europe, the US, Japan, and Australia. Especially, Vietnam saw an increase in export turnover in markets it signed free trade … [Read more...] about BUSINESS NEWS IN BRIEF 23/1
European stocks climb, oil falls as trade tensions ease
Logo of the London Stock Exchange While technology stocks continued to suffer, overall Wall Street pushed higher following a Bloomberg News report that senior US and Chinese officials are seeking to restart negotiations to end an escalating trade war. US tariffs on another US$16 billion (€13.7 billion) of Chinese imports are to take effect on Wednesday, following levies on US$34 billion that took effect earlier this month against which China responded with tit-for-tat charges on US agricultural goods. "Equity markets are in positive territory as trade tensions between the US and China are improving," said analyst David Madden at CMC Markets UK. "Traders took this as a positive sign and were encouraged to snap up stocks on the back of it," he said. The Dow Jones Industrial Average was up by 0.5 per cent in late morning trading, as were the broader S&P 500 and the tech-heavy Nasdaq Composite. In Europe, London stocks closed 0.6 per cent higher, boosted by strong … [Read more...] about European stocks climb, oil falls as trade tensions ease