Bloomberg Huawei Technologies Co is planning to cut jobs at its US subsidiary as the Chinese technology giant continues to struggle with its American blacklisting, the Wall Street Journal reported, citing unidentified people familiar with the situation. The cuts are expected to affect employees at Futurewei Technologies Inc, a research-and-development subsidiary that employs about 850 people in states including Texas, ...

Bloomberg Samsung Electronics Co has secured emergency supplies of three key materials that Japan had cut off as part of its export restrictions, averting a crisis at the South Korean company’s production lines. Samsung Vice Chairman Lee Jae-yong shared the “outcome” of his Japan trip with the company’s management during a directors’ meeting he hosted, Yonhap reported, citing unidentified people ...

Bloomberg A unit of Porsche Automobil Holding SE will recall 57,200 imported Cayenne and Panamera cars due to faulty transmission components, while a unit of Ferrari NV will recall 200 vehicles due to faulty airbags. The Porsche recall will start from August 26, China’s State Administration for Market Regulation said in a statement. Ferrari’s will start from October 10, the ...