Huawei ban – emerging as stronger tech competitor

Huawei ban emerging as stronger tech competitor

Facing US ban, Huawei emerging as stronger tech competitor

SHENZHEN, China (AP) — Long before President Donald Trump threatened to cut off Huawei’s access to U.S. technology, the Chinese telecom equipment maker was pouring money into research that reduces its need for American suppliers.

Huawei’s founder says instead of crippling the company, the export curbs are making it a tougher competitor by forcing managers to focus resources on their most important products.

Little-known to Americans, Huawei Technologies Ltd. is the No. 2 smartphone brand worldwide and the biggest maker of switching gear at the heart of phone networks. Its equipment is used by 45 of the 50 biggest global phone carriers.

Huawei is a pioneer in the emerging field of next-generation, or 5G, telecoms. It promises not just faster internet but support for self-driving cars and other futuristic applications. That fuels Western security concerns and makes 5G politically sensitive. The U.S. claims the company might aid Chinese spying, though Huawei denies that and American officials have provided no evidence.

Huawei needs some American innovations, especially Google services used on Android phones, but industry experts say the company is increasingly self-sufficient after spending 485 billion yuan ($65 billion) on research and development over the past decade.
“They have a strategy to become completely independent from U.S. technology. And in many areas they have become independent,” said Bengt Nordstrom of North Stream, a research firm in Stockholm. Full Story

 

Protest likely to greet Trump fundraising trip in California

RIO RANCHO, N.M. (AP) — President Donald Trump is making a rare visit to California, a Democratic stronghold where he is expected to rake in millions of dollars during a series of fundraisers for his reelection effort that are almost certain to be met with jeering protests.

Trump has routinely mocked California over its liberal culture, policies and politics. His visit Tuesday and Wednesday signals that despite the state’s decidedly leftward swing in recent years there are still plenty of wealthy Republicans who support him. Full Story

 

Iran’s supreme leader: No talks with the US at any level

TEHRAN, Iran (AP) — Iran’s supreme leader announced on Tuesday that “there will be no talks with the U.S. at any level” — remarks apparently meant to end all speculation about a possible U.S.-Iran meeting between the two countries’ presidents at the U.N. later this month.

Iranian state TV quoted Ayatollah Ali Khamenei as saying this is the position of the entire leadership of the country and that “all officials in the Islamic Republic unanimously believe” this.

“There will be no talks with the U.S. at any level,” he said. Full Story

 

Other Articles of Interest

The Permabear Doomster's Paradox

The Permabear Doomster’s Paradox: Blending Prudence with Market Savvy

Navigating the Abyss: The Permabear Doomster’s Creed In the shadowy realms of market analysis, there lurks a breed of thinkers ...
Stock Market Manipulation

Illuminating the Shadows of Stock Market Manipulation

Navigating the Pitfalls of Stock Market Manipulation: A Treatise for the Discerning Investor In finance, where fortunes are forged and ...
Perception Manipulation in Trading: Cutting Through the Psychological Fog

Perception Manipulation in Trading: Cutting Through the Psychological Fog

Revitalizing Investment Insights: The Power of Perception In the ever-evolving landscape of investment, perception is not just a buzzword; it’s ...
contrarianism definition

Embracing Contrarianism: The Path to Innovative Thinking

In an era where information overflows, and opinions are a dime a dozen, the contrarian stance stands out as a ...
reasons why ai is bad

Unmasking the Dark Side of Artificial Intelligence

Artificial Intelligence (AI) is undeniably transforming the world as we know it. AI is becoming an integral part of our ...
Banksters Band: Exploiting the Disadvantaged

Banksters Band: Exploiting the Disadvantaged

Banksters Band: Exploiting the Disadvantaged, Fostering the Wealth of the Privileged The role of the Federal Reserve in economic stabilisation ...
Who Makes Blue Gas

The Power Producers: Discovering Who Makes Blue Gas?

What is blue gas, and who makes it? Blue hydrogen, often referred to as blue gas, has become a focal ...
investment pyramid

Investment Pyramid: A Chic Strategy in the Modern Investment Era

An investment pyramid, or risk pyramid, functions as a tactical roadmap for portfolio distribution, considering the varying risk levels tied ...

(no title)

[xyz-ips snippet=”STOCK”] ...

MU Table pdf preview

[dearpdf id=”1209″][/dearpdf] ...