U.S. FORMALLY CHARGES HAUWEI TECH. LTD WITH MULTIPLE BANKING & THEFT INDICTMENTS

*Image Credit: Marketwatch.com*
Economic & Finance Report

On Monday, January 28, 2019, the United States Attorney General Department, indicted Hauwei Technologies with 13 counts of banking fraud, wire transfer fraud, and violating Iranian sanctions imposed by the United States.

Hauwei Technologies Ltd. (the biggest global telecom equipment maker and provider) have been accused of misleading authorities of its relationship with subsidiary banks that had connections with Iran, as well as stealing technology trade secrets for USA companies, such as T-Mobile. The charges were filed in the state of Washington.

US authorities have accused the CFO of Hauwei, Weng Wanzhau as being the mastermind of the schemes that have played out in the federal indictment charges.

Weng & Hauwei Technologies Ltd deny the charges put forth by the US. -SB

GOOGLE ANDROID IS BEATING APPLE IPHONE IN 3RD QTR REPORTS………

android-vs-iphone

By: Economic & Finance Report

Google seems to beating Apple, as far as market share is concerned in the cellular mobile phone industry. Google Android in the 3rd quarter; controlled over 85% of the mobile phone market share world wide. Apple’s position decline significantly according to Strategy Analytics.

The 3rd quarter showed Apple Iphone faltering compared to the record reached by the Google Android. Google’s Android reached newer heights in the 3rd quarter; beating past quarters with capturing the market share of new Android buyers. -SB