Huawei first-quarter sales drop 16.5% as US sanctions bite

Beijing (AFP) April 28, 2021

Chinese telecoms giant Huawei said Wednesday that first-quarter revenue tumbled after harsh US sanctions ripped into its phone business. Huawei has been at the centre of intense US-China trade and technological rivalry in recent years and the Trump administration accused it of potential espionage on behalf of Beijing without providing hard evidence. As a result, it was placed by Washin