Huawei in bid to grow enterprise business amid scrutiny on key telecoms segment
Alibaba Group is the largest cloud service provider in China with nearly 43 percent of the market, followed by Tencent Cloud, according to IDC.
India gas revenue hit by $1 billion due to price cut
NEW DELHI: A recent cut in Indian gas prices will wipe about $1 billion off Oil and Natural Gas Corp.’s (ONGC) revenue...
Prepare for difficult times, China’s Xi urges as trade war simmers
BEIJING/WASHINGTON: China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state...
Bangladesh garment makers say $3bn in orders lost to virus
DHAKA: Bangladesh garment manufacturers say fashion retailers have cancelled or put on hold more than $3 billion in orders due to the...
Three Abraaj executives charged in U.S. fraud investigation
Naqvi, who is confined to his London home on $20 million bail, is awaiting extradition to the U.S. He said he is innocent.
WB sees ‘huge willingness’ to suspend debt payments for poorest countries
WASHINGTON: The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the...
Dubai airport reports first dip in passenger numbers in 20 years
DUBAI: The number of travellers passing through Dubai International Airport dipped last year for the first time in 20 years but the...
Indian rupee hits lifetime low, stocks tumble on global markets sell-off
A sharp fall in domestic equity markets was the main driver for the rupee’s extended decline, as it heightened concerns about further foreign portfolio outflows
Google versus Huawei hits millions of smartphone users
To get around the Google ban, Huawei would ultimately have to build its own operating system, as Apple has for its...
Huawei fights back in US-China trade stand-off
LIMA/SHANGHAI: China’s Huawei has applied to trademark its “Hongmeng” operating system (OS) in at least nine countries and Europe, data from a...
Honda to stop production at one of two India plants
NEW DELHI: Honda Motor Co has halted production at one of its two car manufacturing plants in India, the carmaker said on...
Garment exporter Bangladesh faces $6b hit as world retailers cancel orders
DHAKA: Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid...
Mylan’s Pakistan partner to sell Covid-19 drug within two months: Bloomberg
Pakistan’s AGP Ltd, a partner of Mylan NV, plans to sell the Covid-19 treatment remdesivir, which has been shown to improve recovery...
US manufacturing struggling as orders, shipments decline
WASHINGTON: New orders for US-made goods fell in April and shipments dropped by the most in two years, indicating continued weakness in...
Huawei rolls out 5G phone and flags first Hongmeng device
HONG KONG: Huawei Technologies on Friday released its first 5G phone in China and said it would soon launch smart TVs equipped with...