(Bloomberg) -- Huawei Technologies Co.’s founder Ren Zhengfei warned in an internal memo the company is at a “live or die moment” and advised underutilized employees to form “commando squads” to explore new projects. Workers who fail will have their salaries …
According to Taiwan News, various media in Hong Kong have reported that Rupert Hogg, the former Cathay Pacific CEO, submitted his own name instead of a list of staff members who have taken part in the Hong Kong protest to the Chinese Aviation Authority.
Asian markets were slightly higher as China took the next, critical step in a long-awaited money management reform, and as the United States gave the Chinese tech company Huawei a slight reprieve in Washington's ongoing trade war with Beijing.
While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the telecommunications giant onto the Entity List.