Huawei revenue slides in Q3 as smartphone business remains crippled
The Hindu
Revenue for the third quarter alone came to 135.4 billion yuan, based on Reuters calculations.
Revenue of China's Huawei Technologies Co Ltd plummeted 38% in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy.
(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click to subscribe for free.)
The Chinese telecoms giant posted revenue of 455.8 billion yuan ($71.32 billion) for the first three quarters on Friday, down by almost a third on the same period a year earlier, with a profit margin of 10.2%.
Violent protests in Pakistan by Imran Khan’s Pakistan Tehreek-e-Insaf lead to deaths and injuries, prompting army deployment and shoot at sight orders.
Russian tourist found dead in Uttarakhand hot spring, believed to have died of heart attack; body being sent to Russia.
Rohingya refugees in Bangladesh join armed struggle in Myanmar, raising concerns of escalating violence and regional involvement.
Lebanese Shia Muslims suffer in Israel-Hezbollah war, fearing unfair targeting and escalating conflict across Lebanon.
President Joe Biden pardons turkeys Peach and Blossom, marking the start of his last holiday season at the White House.
President-elect Donald Trump threatens to impose tariffs on Mexico, Canada, and China to combat illegal immigration and drugs.
State Department Spokesperson defers to Department of Justice on Adani indictment, leading to disruptions in Indian Parliament.
Justice Department drops case against Trump, citing policy against prosecuting sitting Presidents, ending landmark effort to hold him accountable.
Protests erupt in Dhaka demanding release of ISKCON leader Chinmoy Krishna Das arrested for flag insult allegations.
The 29th edition of the Conference of Parties (COP29), held at Baku in Azerbaijan, is arguably the most important of the United Nations’ climate conferences. It was supposed to conclude on November 22, after nearly 11 days of negotiations and the whole purpose was for the world to take a collective step forward in addressing rising carbon emissions.
Global negotiations aim to create a U.N.-mediated treaty to end plastic pollution, with focus on production and management.