Huawei's revenue growth slows sharply as US blacklisting and coronavirus outbreak bite

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Huawei's revenue growth slows sharply as US blacklisting and coronavirus outbreak bite

Huawei’s revenues came in at 182.2 billion Chinese yuan ($25.8 billion) in the first quarter. The firm said growth remained “resilient” despite headwinds related to Covid-19 and U.S. political pressure. A trade blacklist has prevented U.S. firms from doing …
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Coronavirus latest: England and Wales record 75 per cent more overall deaths in a week

England and Wales record 75 per cent more weekly deaths than normal, say ONS. Chris Giles in London. The number of death registrations in England and Wales was 75 per cent higher than normal in the week ending 10 April, the Office for …
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Hyundai's 2020 Veloster N debuts with new eight-speed gearbox

Hyundai has unveiled the updated for 2020 Veloster N, now equipped with an all-new 8-speed wet dual-clutch transmission (N DCT). Hyundai says it developed the N DCT to provide the engagement and involvement of a manual transmission with the …
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Forestry firm Stora Enso's profits felled by drop in paper sales

HELSINKI (Reuters) – Finnish forestry firm Stora Enso (STERV.HE) reported a 46% drop in first-quarter profit as business closures to tackle the coronavirus pandemic hit demand for office paper and struggling publishers stopped producing free daily …
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Thousands apply for grants on furlough portal's first day

More than 140,000 employers applied for wage grants under the Coronavirus Job Retention Scheme within the first eight hours of the claims portal going live, despite reports of technical problems. Chancellor of the Exchequer Rishi Sunak said that by 4pm …
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