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Huawei says the lay-offs were “due to the curtailment of business operations” caused by Washington putting Huawei on the US ‘entity list’

China’s Huawei has laid off more than 600 workers from its US-based research arm Futurewei, as the result of being put on a Washington trade blacklist(...)

Huawei is highly dependent on the US for the design of the chips it uses in its smartphones and telecoms equipment, even though Huawei uses its own in-house chip design unit. Photograph: Jorge Silva/Reuters

Two weeks after Huawei was put on a blacklist that prevents US suppliers from selling components to the telecoms company, companies across the world a(...)

Huawei said the temporary reprieve move bore little meaning for the company as it had been making preparations for a blacklist scenario. Photograph: Reuters

The US government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimising disruption for its customer(...)

US-China trade tensions kept stock market gains muted on Thursday. Photograph: Reuters

European stocks edged higher on Thursday, boosted by strong corporate earnings, although concerns over China-US trade tensions and new sanctions again(...)