WASHINGTON — The Trump administration said Wednesday it will impose travel bans on employees of the Chinese technology giant Huawei and other Chinese companies the U.S. determines are assisting authoritarian governments in cracking down on human rights, including in China's western Xinjiang province. Secretary of State Mike Pompeo also said...
In Snub to US, Britain Will Allow Huawei in 5G Networks
LONDON — Britain decided Tuesday to allow Chinese tech giant Huawei to supply new high-speed network equipment, ignoring the U.S. government's warnings that it would sever intelligence cooperation if the company was not banned. Britain's decision is the first by a major U.S. ally in Europe, and follows intense lobbying...
US Stocks Fall After 3 Straight Days of Gains
Stocks edged lower in midday trading Tuesday, weighed down by a mixed batch of company earnings and another decline in bond yields. Financial sector stocks accounted for much of the selling as investors reacted to the decline in yields. The 10-year Treasury note slipped to 1.55% from 1.59% late Monday....
Huawei Says US Sanctions Will Cost It Billions in Revenue
SHENZHEN, China — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...
US Delay to Huawei Ban Gives Tech Sector Time to Adjust
BEIJING — The United States is delaying restrictions on U.S. technology sales to Chinese tech powerhouse Huawei in what it calls an effort to ease the blow on owners of its cell phones and smaller U.S. telecoms providers that rely on its networking equipment. The Trump administration insists the sanctions...
US-China Battle Over Huawei Comes to Head at Tech Show
BARCELONA, Spain — A global battle between the U.S. government and Chinese tech company Huawei over allegations that it is a cybersecurity risk overshadowed the opening Monday of the world's biggest mobile industry trade fair. Huawei has an outsize presence at MWC Barcelona, from its displays in three separate show...