Economy

  Chinese tech giant Huawei’s research and development (R&D) investment in 2018 surpassed that Microsoft, Apple and Intel, ranking the 4th among the global tech companies. According to the latest statistics from the EU, the 101.5 billion yuan (about 15.1 billion USD) R&D investment by Huawei in 2018 followed Samsung, Google and Volkswagen. The company raked in 721.2 billion yuan …

Boeing, Airbus licenses to sell jets to Iran will be revoked: US Treasury Licenses for Boeing Co and Airbus SE to sell passenger jets to Iran will be revoked, US Treasury Secretary Steven Mnuchin said on Tuesday after President Donald Trump pulled the US out of the 2015 Iran nuclear agreement. Trump said he would re-impose US economic sanctions on …

China’s leading electric vehicle maker BYD announced Wednesday to team with US Hybrid Corporation to develop a hydrogen fuel cells battery-electric bus. According to a press release of BYD (Build Your Dreams), this bus, the first kind of electric bus using fuel cells technology, will serve Honolulu’s Daniel K. Inouye International Airport in Hawaii, one of the busiest airports in …

Chinese sailors have been allowed to land at India’s ports for rest for the first time in decades, reports Xinhua News Agency. Ten sailors from Chinese cargo vessel “Houston” landed at a port in Mumbai on Sunday for a rest. Due to terrorism and other issues, the crews of Chinese vessels and boats from some other countries had been banned …