Founder of Huawei, Ren Zhengfei, built an outstanding career in the People’s Liberation Army of the PRC before creating the telecommunications giant, writes Asia Times. Ren Zhengfei's contacts were helpful in setting up the company. Cheap loans from state-owned banks helped Huawei expand at first after Ren founded the company with the capital of 21,000 yuan (about $ 4,400 at the time) of his own...

The Chinese court banned sale of old versions of the iPhone, including the iPhone X. The Chinese court demanded that Apple stop selling the old iPhone models in the country. Thus, it satisfied Qualcomm’s claim against Apple Inc.’s four Chinese subsidiaries. The court decided to immediately stop import and sale of the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and...

ALM Intelligence presented another research of the consulting services market. The company's analysts identified ten market leaders, including PwC, BCG, Deloitte, KPMG, McKinsey, EY. Consulting companies rated quality of organization of the process, the ability to assess customer needs, geographical coverage and other criteria. As follows from a report published by ALM Intelligence and dedicated...

Investor concerns about prospects for a recession in the developed world are increasing. However, many economic models do not indicate likelihood of such a development. Economists at UBS Securities studied 120 economic downturns in 40 countries over the past 40 years to understand how economies behave before a recession, for example, what happens to consumer spending, housing prices, bank...

While Apple and Qualcomm are fighting for patents, the Chinese chip maker claims that all manufacturers of smartphones on the Android platform will be able to make flagship 5G devices already in 2019. During 2019, every company that manufactures smartphones on the Android platform with a Qualcomm Snapdragon processor will be able to bring to the market a flagship device supporting 5G networks,...

Chinese telecommunications equipment manufacturer Huawei Technologies Co., which is under serious pressure from the US authorities, is losing part of its business in the UK, The Wall Street Journal newspaper writes. BT Group Plc, the UK's largest telecoms operator, announced replacement of Huawei equipment, which provides call and Internet traffic, in the company's networks. BT notes that...

International consumer goods manufacturer Unilever has signed an agreement with one of the world's largest pharmaceutical companies, the British GlaxoSmithKline (GSK). Unilever is going to buy GSK’s assets for the production of healthy food products and beverages in Bangladesh, India and other Asian countries, according to the press release. The company explains that the deal consists of three...

The S&P 500 Utilities sector showed the best results during the fall of the market. This is not surprising: traditionally, the utility sector becomes a “safe haven” in times of uncertainty in the financial market. It is interesting how dynamics of companies in this sector have improved over time. Since the end of September, the S&P 500 index has fallen by 8% (including dividend reinvestment),...

Bayer AG plans to cut 12 thousand jobs and leave the business of producing veterinary drugs, reports Bloomberg. The German company announced a number of steps, including leaving the segments of sunscreen and foot care products. It is noted that this move will strengthen the main divisions - the pharmaceutical and agricultural business of Bayer. The cuts, including a significant number of...