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Huawei CEO says R&D push to help offset US sanctions, virus impact

2020-03-26 10:23:00| Telecompaper Headlines

(Telecompaper) Huawei CEO and founder Ren Zhengfei has acknowledged the company's sales are suffering outside China due to the US sanctions as well as the spread of the coronavirus. However, in interviews with the Wall Street Journal and South China Morning Post, he said the company had quickly resumed production in China and was spending heavily on R&D to ensure it maintains its technological lead. 

Tags: us impact virus push

 

Trade groups want China tariffs scrapped to offset virus impact

2020-03-16 11:53:00| Daily apparel & textile news and comment - from just-style.com

A number of US trade bodies - including those that represent the clothing and footwear industries - have joined forces in urging the US government to scrap tariffs on Chinese goods as part of its "emergency response" in fighting the negative impact to the US economy of the coronavirus impact.

Tags: china groups trade impact

 
 

TGS, Schlumberger Start Next Phase Of Offset Node Projects In GoM

2020-03-09 14:55:00| OGI

Following the highly successful Amendment Phase 1 project acquired in Mississippi Canyon in 2019, TGS, in partnership with Schlumberger, on March 9 revealed the second phase of their ultra-long offset node project in U.S. Gulf of Mexico (GoM).

Tags: start projects phase offset

 

Exxon Mobil Signals Fourth-quarter Weakness Offset By Asset Sale

2020-01-06 11:10:00| OGI

Offsetting the weak results, Exxon Mobil will report a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production.

Tags: sale mobil offset asset

 

Nike Q2 profit surges as higher prices offset tariffs

2019-12-20 13:50:00| Daily apparel & textile news and comment - from just-style.com

US sporting goods giant Nike Inc has booked a 32% jump in second quarter profit after higher prices helped offset US trade tariffs.

Tags: prices higher profit offset

 

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