HONG KONG (AP) — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped by strong sales and an improved product portfolio. Revenue jumped nearly 10% from a year earlier, to 704.2 billion yuan ($97.4 billion). Huawei’s rotating chairman Ken Hu said the company’s figures were in line with for
China's Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from U.S. sanctions. While Huawei did not break down the consumer figure, the segment includes its handset business, which saw a renaissance last year as the company returned to the mainstream 5G smartphones market with the Mate 60, apparently overcoming U.S. restrictions. From 2019, the U.S. has restricted Huawei's access to U.S. technology, accusing the company of being a security risk, which Huawei denies.
New government data shows corporate profits rose to an all-time high at the end of 2023, providing new ammunition for Democrats who want to refocus voter anger around price increases toward Wall Street.
If you’ve been the victim of workplace harassment, it can be difficult to feel you’re not alone — and even more difficult to know where to go with a complaint. However, experts say there are a number of recourses for employees, regardless of where they are located and the size of the company they work for. Workplace harassment legislation The most important place to start when it comes to exercising your rights as an employee? Knowing which law applies, said Jon Pinkus, an employment lawyer and
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