World News: 13:01 GMT Friday 12th July 2019. [Yahoo Business News Feed via SPi World News]
The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The 'unjust and unfair' decision to add Huawei Technologies Ltd., the biggest maker of network equipment for phone companies, to a list that restricts exports is hurting its U.S. suppliers and global customers, Liang Hua told a news conference. Its founder, Ren Zhengfei, said in June the company has cut sales forecasts by $30 billion over the next two years due to curbs on access to U.S. chips and other components.
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