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Huawei vows to overhaul business strategies in 2017

  WASHINGTON / AFP Huawei Technologies Co. pledged to overhaul its culture and rethink the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed. China’s largest telecommunications equipment maker expects a 32 percent rise in revenue to 520 billion yuan ($75 billion) in 2016, rotating Chief Executive Officer Eric Xu said. That’s down from ...

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Modi offers subsidies for India’s farmer as cash shortage bites

  Bloomberg India’s Prime Minister Narendra Modi offered interest waivers for farmers and cheaper housing loans for the poor in a bid to shore up his popularity, a day after his deadline for exchanging banned notes expired. In a televised speech that stretched close to three-quarters of an hour, Modi praised citizens for bearing the hardship caused by the cash ...

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Qualcomm to gain fees from Meizu in lawsuit settlement

  Bloomberg Qualcomm Inc. said China’s Meizu Technology Co. has agreed to pay licensing fees to settle legal battles in China and three other countries, demonstrating the US company can defend its intellectual property in the world’s biggest smartphone market. Meizu will pay Qualcomm patent fees similar to those accepted by other Chinese phone makers, the two companies said in ...

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