U.S. prosecutors filed criminal charges against Huawei, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran., according to Bloomberg.
Singapore Economic Development Board (EDB), McKinsey & Company, SAP, Siemens and TÜV SÜD announced a collaboration to support companies, both big and small, scale the adoption of Industry 4.0 technologies.
SK Hynix announced a 50 percent increase in dividends along with plans to cut investment if necessary, helping to bolster its stock even after reporting lower-than-projected sales and profit, according to Bloomberg.
Huawei’s consumer chief dismissed U.S. “political forces” and attempts to crimp the company’s growth, saying sales of smartphones and other devices surged by about 50 percent to a record $52 billion in 2018, according to Bloomberg.
Apple was ordered to stop using part of a press release that claims all iPhones would still be available in Germany after it was banned from distributing several versions of the device in the country, according to Bloomberg.