In its last days, the Trump administration has revoked licences issued to some US companies to sell goods to Huawei, a report claims, with Intel and Japan flash memory maker Kioxia Corporation, formerly known as Toshiba Memory Corporation, among those who had licences revoked.
The United States blacklisting of Chinese telecom giant Huawei Technologies, barring the company from doing business with US tech companies, will not significantly impact the company’s revenues as it generates less than 1% of revenue from the US, says analytics firm GlobalData.
Bitcoin is now becoming a “safe haven asset” and predicted to hit $15,000 in the wake of the devaluation of China’s currency, with the cryptocurrency jumping 10 percent as global stocks reacted to the devaluation of the yuan and the China-US trade war intensified, according to the chief of one financial analyst firm.
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