... Huawei also had Iran-related problems. On December 1, 2018, Huawei CFO Meng Wanzhou was arrested in Canada at the behest of the United States. In the US, she is accused of providing HSBC bank with misleading information in an attempt to circumvent US sanctions against Iran. Huawei viewed the arrest as a politically motivated attack on the company. Huawei is still under heavy pressure from American regulators and legislators. The U.S. Defense Budget Act of 2018 and 2019 restricted US defence and government ...
... Huawei was quick to assure everyone that it would cope just fine during the new crisis, even the company’s management was forced to admit the severity of the blow
On May 15, 2020, exactly one year after the United States launched its full-scale sanctions war on
Huawei
, the U.S. Department of Commerce unveiled
new restrictions
against the Chinese electronics giant. Starting from September 2020, companies will not be allowed to use U.S. technology and software to develop chips for
Huawei
or ...
... closing the gap on the leaders and even pulling ahead in terms of its developments in the internal combustion engine, new types of cars, electrical equipment and so on. All this was closely linked to the military and political sphere, as well as to the trade wars. A similar thing is happening today — a tech war across all industries that is not happening in isolation, but is rather closely connected to the military sphere, the race for new markets, the information security of states and even their ...
... oil prices are highly volatile, they have for a long time remained fairly comfortable for China. Today, the main problem for China and for the global oil market is the growing uncertainty stemming from geopolitical tensions, the threat of a spiralling trade war between the US and China, and an array of sanctions the US is actively imposing on several countries. Curiously, these countries include China’s major suppliers of hydrocarbons: Russia, Iran, Venezuela and Libya. All these circumstances create risks for China in endeavouring to meet its development ...
