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Huawei gets 90-day licence to use Android

The United States Bureau of Industry and Security (BIS) has issued a temporary licence to Huawei to retain support for its existing products. This follows the US government blacklisting the Chinese company and ordering Google to revoke its Android licence, a move which has serious implications for Huawei’s smartphone business. Google said that its services

US restrictions on Huawei to have minor effect on growth – CEO

Huawei Technologies Co. Chief Executive Officer and founder Ren Zhengfei said he expects U.S. restrictions won’t hurt the Chinese company’s growth much, Nikkei reported. “Huawei’s growth may slow, but only slightly,” Ren told Japanese reporters at the telecommunications equipment maker’s headquarters in Shenzhen, China, according to Nikkei. It was his first media statement since President Donald

Investors are ignoring huge Huawei trade risks – Wall Street

Global equity investors are likely underestimating what may be immense damage across a variety of industries triggered by the U.S.-China trade dispute, particularly involving the latest Huawei Technologies Co. escalation, Wall Street analysts say. The Trump administration putting Huawei — and dozens of its affiliates — on an export blacklist means “the U.S. government has halted

Vodacom’s R2 billion in price cuts to consumers

Vodacom CEO Shameel Joosub said the company has cut the price of data by 37% over the past year, and this trend will continue in future. The company’s financial results for the year ended 31 March 2019 showed that customer revenue in South Africa increased by 1.3% to R47.4 billion. This subdued growth, Joosub said,

Elon Musk’s secretive brain computing startup wants more money

Neuralink, a small and secretive brain computing startup founded by Elon Musk, has raised $39 million of a planned $51 million funding round, according to a filing Friday with the Securities and Exchange Commission. It was not immediately clear if the funders included traditional venture capital investors or if they comprised Musk and Neuralink employees. A

The US and China may not want a deal

In order to make peace, first you have to want it. That’s a major barrier to any de-escalation of the simmering U.S.-China trade war. The economic Defcon alert went up a notch at midnight on Friday, as U.S. tariffs on $200 billion of Chinese imports were lifted to 25 percent from 10 percent and Beijing

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