Thursday , October 22 2020

Business

Hong Kong Cathay Pacific will lay off 6,000 employees

Hong Kong Cathay Pacific will lay off 6,000 employees

On October 20, Hong Kong’s South China Morning Post cited sources familiar with the matter as saying that Hong Kong’s Cathay Pacific will lay off approximately 6,000 employees. This figure accounts for about 18% of its total workforce. At the same time, it is reported that Hong Kong Cathay Pacific …

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Trump administration considers putting Ant Group on trade blacklist

Trump administration considers putting Ant Group on trade blacklist

According to an exclusive report by Reuters on October 15, two people familiar with the matter revealed that the US State Department has submitted a proposal to the Trump administration. It is required that Ant Group be included in a “trade blacklist” before it goes public. The report pointed out …

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ZTE claims that 5G base station 7nm chips are commercially available

ZTE claims that 5G base station 7nm chips are commercially available

“The base station chip self-sufficiency rate is almost zero, which is the most difficult problem for ZTE in the embargo incident. “In mid-2018, China Merchants Securities said helplessly. More than two years later, at the Achievements Exhibition of the 3rd Digital China Construction Summit on October 11, Li Hui, vice …

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Foxconn sold Alibaba stock again, making $121 million this time

Foxconn sold Alibaba stock again, making $121 million this time

On October 11, Hon Hai Precision announced to the exchange that its subsidiary Foxconn Ventures sold 630,000 ADS (5.04 million ordinary shares) of Alibaba. The transaction date is October 8, and the transaction price per ADS is US$295.84, and the total transaction amount is US$18638 million. According to the announcement, …

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Belgian operators choose Nokia 5G, Huawei: fair competition

Belgian operators choose Nokia 5G, Huawei: fair competition

According to a Reuters report on October 9, Orange Belgium, a branch of French telecom operator Orange, announced that they had chosen to use Nokia’s 5G technology in Belgium. The company said that they plan to use the existing infrastructure provided by Ericsson to establish a 5G network, while preparing …

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