SINGAPORE (AP) — Chinese telecoms equipment and smartphone maker Huawei’s sales fell 14% in January-March from a year earlier as it pumped money into research and development while grappling with U.S. sanctions, according to figures released by the company Thursday. Huawei Technologies said its revenue was 131 billion yuan ($19.8 billion) in the first quarter…
Stocks were mostly higher in Asia on Friday after a rally on Wall Street led by technology companies. U.S. futures and oil prices were mixed as investors await signals on Chinese economic policy from a meeting of the ruling Communist Party’s powerful Politburo. Analysts said the meeting, expected Friday, would likely focus on ways to…
NEW YORK (AP) — If Elon Musk and Twitter get their way, the company will soon be privately held and under his control. The most obvious immediate change would likely be Twitter’s stock being taken off the New York Stock Exchange. But the company would also likely get freed from having to give regular updates…
DALLAS (AP) — Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North America. Company executives pointed away from the loss and toward results…
BOSTON (AP) — Cyberattacks by state-backed Russian hackers have destroyed data across dozens of organizations in Ukraine and produced “a chaotic information environment,” Microsoft says in a report released Wednesday. Nearly half the destructive attacks were against critical infrastructure, many times simultaneous to physical attacks, the report notes. A top Ukrainian cybersecurity official, Victor Zhora,…
VATICAN CITY (AP) — The former director of the Vatican’s financial watchdog agency testified Wednesday that Pope Francis asked him to help the Vatican secretariat of state get full control of a London property, once again putting the pope and his top deputies in the spotlight for their roles in the problematic deal. Tommaso Di…
DETROIT (AP) — A federal judge has rejected Elon Musk’s bid to throw out a securities fraud settlement over tweets claiming that Musk had the funding to take Tesla private in 2018. Judge Lewis Liman on Wednesday also denied a motion to nullify a subpoena of Musk seeking information about possible violations of his settlement…
WASHINGTON (AP) — The United States has put China, Russia and five other countries on its annual blacklist for lax enforcement of intellectual property rights that leaves American companies vulnerable to copyright and trademark piracy. All seven countries on this year’s list were on last year’s, too. “China continues to be the largest origin economy…
BUDAPEST, Hungary (AP) — Hungary’s government has extended a price cap on fuel and some basic food items by two more months as consumer prices continue to rise in the Central European country, the prime minister said Wednesday. Prime Minister Viktor Orban said in a Facebook video that the cap on gasoline and diesel prices,…
Russia’s Gazprom says it is halting natural gas supplies to Poland and Bulgaria, escalating tensions between the Kremlin and Europe over energy and Russia’s invasion of Ukraine — and adding new urgency to plans to reduce and then end the continent’s dependence on Russia as a supplier of oil and gas. Here are key things…
