The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for 2024 of 862.1 billion Chinese yuan ($118.2 billion), a 22.4% year-on-year rise.It is the company’s second-highest revenue figure ever, according to CNBC calculations, just shy of the record 891.4 billion yuan reported for 2020.Net profit fell, however, to 62.6 billion yuan, a decline of 28% versus 2023. Huawei said this was a result of increasing investments.It comes as the Chinese technology giant tries to adapt its…
Author: usaeverydaylife
European markets opened sharply lower on Monday as global investors braced for U.S. President Donald Trump’s trade tariffs to come into force.The regional Stoxx 600 index was 1% lower shortly after the opening bell, with all sectors and major bourses firmly in negative territory. Germany’s DAX index led losses, shedding 1.2% during early trade.The sell-off comes ahead of a raft of Trump tariffs set to come into effect on Wednesday, including a 25% levy on “all cars that are not made in the United States.”By 8:18 a.m. in London on Monday, Europe’s Stoxx Automobiles and Parts index was 1.7% lower. Volkswagen was…
Marine Le Pen, member of parliament and French far-right National Rally (Rassemblement National – RN) party leader, arrives at the RN party headquarters in Paris, France, July 1, 2024.Benoit Tessier | ReutersThe political future of France’s far-right National Assembly leader Marine Le Pen hangs in the balance with judges in Paris set to deliver their verdict in an embezzlement trial Monday.If found guilty, Le Pen could face a 300,000 euro ($325,000) fine, prison term and an immediate five-year ban from public office — which would prevent her from running in the 2027 presidential election.This outcome would throw France’s powerful right…
Prime Minister Benjamin Netanyahu of Israel named a new chief of the domestic intelligence service on Monday, moving his government closer to a showdown with the Supreme Court, which temporarily suspended the dismissal of the current spy chief earlier this month.Mr. Netanyahu’s office announced that Eli Sharvit, a former head of the Navy, would succeed Ronen Bar, the current head of the Shin Bet, Israel’s domestic spy agency. Mr. Netanyahu’s cabinet decided earlier in March that Mr. Bar would be dismissed early from his post, as soon as a successor was installed.The prime minister’s move on Monday narrowly averted a…
Battling a yearslong economic crisis and persistent accusations of corruption, Zimbabwe’s president faces the greatest threat to his power since taking office in a coup nearly eight years ago, with members of his own party calling for mass demonstrations in the streets on Monday to unseat him.The president, Emmerson Mnangagwa, has vowed to crack down on dissent, saying in a speech at a meeting of his party, ZANU-PF, that calls for him to step down were a “treasonous” plot driven by “chameleon-like characters.”The tensions over the president’s future have pushed this southern African nation, which has suffered decades of political…
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesLONDON — After 20 years in the role as Klarna’s CEO, Sebastian Siemiatkowski is about to face his toughest test yet as the financial technology firm prepares for its blockbuster debut in New York.Siemiatkowski, 43, co-founded Klarna in 2005 with fellow Swedish entrepreneurs Niklas Adalberth and Victor Jacobsson with the aim of taking on traditional banks and credit card firms with a more user-friendly online payments experience.Today, Klarna is synonymous with “buy now, pay later” — a method…
The F-35, a fifth-generation fighter, was developed in partnership with eight countries, making it a model of international cooperation. When President Trump introduced its successor, the F-47, he praised its strengths — and said the version sold to allies would be deliberately downgraded.That made sense, Mr. Trump said last week, “because someday, maybe they’re not our allies.”For many countries wedded to the United States, his remark confirmed a related conclusion: that America can no longer be trusted. Even nations not yet directly affected can see where things are heading, as Mr. Trump threatens allies’ economies, their defense partnerships and even…
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 24, 2022.Ahn Young-joon | APSouth Korea on Monday lifted the longest short-selling ban in the country’s history, after tightening measures to crackdown on illegal transactions.The short-selling ban was put into place in November 2023 following a series of short-selling breaches that involved numerous global investment banks.Beginning Monday, short selling on the estimated 2,700 stocks listed on the Korea Exchange will be fully reinstated, according to the country’s Financial Services Commission. Previously, it was only allowed for 350 stocks…
NEW YORK, NY – SEPTEMBER 19: The Chinese flag flies outside the New York Stock Exchange during the initial price offering (IPO) for Alibaba Group on September 19, 2014 in New York City. The New York Times reported yesterday that Alibaba had raised $21.8 Billion in their initial public offering so far. Andrew Burton | Getty Images News Tech stocks listed in Hong Kong fell into correction territory Monday, as investors booked profits, while trade war uncertainty and U.S. moves to restrict Beijing’s access to high-end tech also weighed on sentiment.The Hang Seng Tech index, which tracks the some of the largest…
Quakers in Britain are reeling from what they say is an unheard-of violation of one of their places of worship by police officers who forced their way into a meeting house in London and arrested activists gathered there to plan Gaza war protests.“No one has been arrested in a Quaker meeting house in living memory,” Paul Parker, the recording clerk for Quakers in Britain, said in a statement issued after the raid.But on Thursday evening, the pacifist group said, more than 20 uniformed police officers, some armed with tasers, forced their way into the meeting house in Westminster, breaking open…
