Huawei shipments could fall by up to a quarter this year: analysts






HONG KONG/SHANGHAI (Reuters) - China’s Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.

Smartphone shipments at Huawei, the world’s second-largest smartphone maker by volume, could tumble between 4% and 24% in 2019 if the ban stays put, according to Fubon Research and Strategy Analytics.

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Amazon facial recognition ban won just 2% of shareholder vote






(Reuters) - Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.

Some 2.4% of votes were in favor of the ban. A second proposal that called for a study of the extent to which Amazon’s “Rekognition” service harmed civil rights and privacy garnered 27.5% support.

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Uber's first employee, Ryan Graves, resigns from board






SAN FRANCISCO (Reuters) - Uber’s first employee and one-time chief executive Ryan Graves will step down from the company’s board of directors, Uber said on Friday.

Graves this week informed the company of his intention to resign from the board, beginning Monday. Graves started at Uber in 2010 as the first employee and held a brief stint as CEO until co-founder Travis Kalanick took over that position. Graves is no longer working at Uber but had remained on the board.

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Musk's SpaceX raised over $1 billion in six months: filings






(Reuters) - Billionaire entrepreneur Elon Musk’s SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.

The company raised here $486.2 million in an equity offering, starting December, and another bit.ly/2W1QMJD $535.7 million in an offering that began in April, its regulatory filings on Friday showed.

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South Korea orders further arrests at Samsung Electronics over accounting scandal






SEOUL (Reuters) - A South Korean court approved arrest warrants on Saturday for two executives at Samsung Electronics Co Ltd over their alleged roles in a suspected accounting fraud at the biotech arm of Samsung Group.

The Seoul Central District Court said in a statement it had granted warrants to arrest the executives due to concerns over possible destruction of evidence.

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U.S. startup accuses Huawei executive of involvement in trade-secrets theft: Wall Street Journal






(Reuters) - A Silicon Valley chip startup has accused a top executive of China’s Huawei Technologies Co Ltd, Deputy Chairman Eric Xu, of participating in a conspiracy to steal its trade secrets, the Wall Street Journal reported on Wednesday, citing court documents.

Huawei had filed a lawsuit in 2017, accusing CNEX Labs Inc and its co-founder Ronnie Huang, a former employee of a Huawei unit, of poaching Huawei employees and stealing Huawei’s trade secrets and intellectual property to build CNEX.

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Factbox: Global tech companies shun Huawei after U.S. ban






(Reuters) - Global tech firms, including chip suppliers, are cutting ties with China’s Huawei Technologies Co Ltd after the U.S. government put the world’s largest telecom equipment maker on a trade blacklist citing national security concerns.

The United States has effectively banned its companies from doing business with Huawei, exacerbating an ongoing Sino-U.S. trade war. The ban applies to goods that have 25% or more of U.S.-originated technology or materials, and may affect non-American firms.

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China says U.S. needs to fix 'wrong actions' as Huawei ban rattles supply chains






BEIJING (Reuters) - China said the United States needs to correct its “wrong actions” in order for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered technology shares.

Japanese conglomerate Panasonic Corp joined a growing list of global companies that is disengaging from Huawei Technologies Co Ltd, the world’s second-largest seller of smartphones and the largest telecom-gear maker, saying it had stopped shipments of some components.

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First satellites for Musk's Starlink internet venture launched into orbit






CAPE CANAVERAL, Fla. (Reuters) - SpaceX, the private rocket company of high-tech entrepreneur Elon Musk, launched the first batch of 60 small satellites into low-Earth orbit on Thursday for Musk’s new Starlink internet service.

A Falcon 9 rocket carrying the satellites blasted off from Cape Canaveral Air Force Station at about 10:30 p.m. local time (0230 GMT Friday), clearing a key hurdle for a business venture that Musk hopes will generate much-needed cash for his larger ambitions in space.

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Panasonic says has not stopped supplies to Huawei, still investigating






TOKYO (Reuters) - Japan’s Panasonic Corp said on Friday it has not stopped any shipments of components to Huawei Technologies, a day after it originally called for a halt of transactions in line with a U.S. export controls against the Chinese firm.

“No transactions with Huawei have been suspended at the moment,” a Panasonic representative told Reuters. “We are still making checks whether the ban applies to our products.”

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