Microsoft forced to pay millions for violating sanctions against Russia
Microsoft must pay a fine of more than $3 million to the U.S. government. The company allegedly violated sanctions taken against Russia. Microsoft's software and services ended up in the hands of Russian companies and individuals located in the Crimean region of Ukraine.
Microsoft did business t... Read more
European and US regulators are worried about Russian-sponsored cyber-attacks on banks
The European Central Bank is warning banks to be ready for a potential Russian-sponsored cyberattack as tensions about Ukraine mount ever higher. Reuters reported that two people with knowledge of the matter said the region is bracing for a conflict's financial impact.
The stand-off between Russ... Read more
Huawei warns that it will see “serious challenges” in 2022
The tech giant is worried about growing deglobalisation and the "politicisation of technology"
The US sanctions have hit Huawei hard and the company has warned that it will see "serious challenges" in 2022 amid "politicisation of technology", and further "deglobalisation". The Chinese conglomera... Read more
Here’s how Huawei hopes to bridge the U.S. trade ban
According to Bloomberg, Huawei plans to produce and sell its smartphone designs in the United States under the banner of partners. This would allow the smartphone giant -- which was banned from doing business with U.S. companies in 2019 -- to resume activity in the region.
The plan is twofold. F... Read more
‘Huawei is cutting back production of smartphones after US trade sanctions’.
Chinese smartphone manufacturer Huawei is said to have scaled down production of its smartphones after the US imposed trade sanctions on the company last month. That's what insiders say about the South China Morning Post.
According to the insiders, Foxconn, the Taiwanese manufacturer that assembles ... Read more
US to alleviate trade sanctions in Huawei to ‘reduce disruption to consumers’.
The US government has temporarily relaxed the trade sanctions imposed on Huawei last week. As a result, the Chinese company is temporarily allowed to buy goods made in America. In this way, the government tries to limit the disruptions for its customers.
The United States blacklisted Huawei for tra... Read more