Wall Street gains on trade reprieve ahead of long weekend

UK-based chip architecture company ARM cuts ties with Huawei following Trump ban

Ren was quoted by the South China Morning Post as saying that one can not associate patriotism with buying Huawei phones.

China's internet watchdog is said to have published the draft regulation online for public feedback until 24 June.

Google has since revoked Huawei's Android license, which poses a major threat towards the company which heavily relies on the Android operating system while chipmakers such as Intel, Broadcom and Qualcomm have suspended supplying to Huawei pending further notice. As such, they were some of the first choices for businesses looking to deploy phones and tablets to employees, alongside devices from Google, Sony, Samsung, BlackBerry, and others.

"Panasonic announced in [an] internal notification that it should suspend transactions with Huawei and its 68 affiliates that were banned by the USA government", said the firm.

Officials in South Korea's Foreign Ministry and presidential office did not, however, confirm the report by the Chosun Ilbo newspaper that us officials want Seoul to block a local wireless carrier that uses Huawei equipment for its 5G services from unspecified "sensitive areas". Of course, Google's revocation of Huawei's Android license means Huawei can no longer use the firm's widely popular software.

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In this vein, reports surfaced that Huawei is developing its own, alternative operating system.

Huawei's handset popularity has particularly taken a hammering in Europe where it saw drops of 46 per cent in the United Kingdom, 45 per cent in France and 40 per cent in Ireland over the last four days.

Avashnee Moodley, Huawei South Africa spokesperson, says the To easily pronounce Huawei, Moodley suggests people say it as "wow-way" or "wah-way".

Trade talks between Beijing and Washington deadlocked this month as Trump accused China of backing out of a deal that was taking shape with USA officials, saying China reneged on an agreement to enshrine a wide range of reforms in law. Mobile have delayed the launch of Huawei phones due to the ongoing trade dispute between China and the USA which have placed Huawei in the middle of the cross-fires. "If we made a deal, I could imagine Huawei being possibly included in some form, some part of a trade deal". Huawei found itself in the middle of the trade war when Washington put it in a trade blacklist. -China trade deal. However, no high-level talks have been scheduled since the last round of negotiations in Washington two weeks ago.

On 9 May, the Trump administration increased the level of tariffs from 10 to 25 per cent on some $200 billion in Chinese imports.



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