Update – Huawei Statement:
Huawei has shared a statement on this matter, check it below
“United States Department of Justice (DOJ) and Huawei Technologies Chief Financial Officer Meng Wanzhou have reached a deferred prosecution agreement (DPA) in a case bringing federal charges against Ms. Meng for bank and wire fraud. In 2018, Ms. Meng was arrested in Canada in connection with the U.S. charges, and since that time, she has been living in Canada while a Canadian court considers the United States’ request for Ms. Meng’s extradition. Zuckerman Spaeder partner William W. Taylor, III, one of the lawyers who represents Ms. Meng, issued the following statement:
“I’m very pleased that Sabrina Meng and the U.S. Department of Justice have reached a deferred prosecution agreement (DPA) and it has been approved by Judge Donnelly. Under the terms of this agreement, Ms. Meng will not be prosecuted further in the United States, and the extradition proceedings in Canada will be terminated. She has not pleaded guilty and we fully expect the indictment will be dismissed with prejudice after fourteen months. Now, she will be free to return home to be with her family.”
Back in 2018, Meng Wanzhou, CFO (Chief Financial Officer) at Huawei arrested at Vancouver, Canada airport. And after nearly three years, Huawei CFO returns to China following a deal with the U.S. on the matter of alleged bank fraud.
According to Reuters, Meng and the U.S. prosecutors signed an agreement to end the bank fraud case. Following this settlement, it’s become possible for Huawei CFO to return to China years after a tight relationship between the U.S. and China.
Just after spreading the news of a settlement between Huawei CFO and the U.S. prosecutors, China released two Canadian citizens, which were jailed around two years back following the Huawei official’s arrest, stated by Canadian Prime Minister Justin Trudeau.
To be mentioned, Beijing (China) has denied that there’s no connection between the arrest of Canadian citizens and Huawei Meng. Meanwhile, the PM of Canada said that the country will be incredibly happy to know, Michael Kovrig and Michael Spavor are on a plane and they’re coming home.
Huawei Meng release: Behind the scene!
The report reveals that the Huawei CFO and the US prosecutors’ settlement process had begun earlier yesterday (Friday), in which the official joined the hearing by video conferencing in Brooklyn USA courtroom. The judge accepted the prosecution agreement related to fraud charges.
Going forward, the British Columbia Supreme Court of Canada, led by Justice Heather Holmes, passed the petition of withdrawal of the extradition order. John Gibb-Carsley, the attorney who was involved in the case, confirmed that it’s the “final chapter” of the case.
Moment: Before leaving for China, Meng Wanzhou thanked Holmes, outside the Vancouver courthouse, the Crown, and Canada for “upholding the rule of law.”
At the same time, Canada’s Justice Department issued a formal statement after the hearing to confirm Meng was free to leave the country.
Three years earlier:
On a U.S. warrant, Huawei Meng was arrested at Vancouver International Airport and charged with bank and wire fraud for allegedly misleading HSBC in 2013 about the company’s telecommunications equipment business dealings in Iran.
Since December 2018, Huawei CFO’s case has been connected to “the Michaels” when the policemen of Canada arrested her at the Vancouver airport on a U.S. warrant. Following this, China arrested two Canadian men and the story has continued since then.
Huawei achieves 96th position in Annual Fortune Global 500 list
Huawei is one of the leading tech giants across the world. Several times, the company has flourished its name and fame on the global platform. With constant efforts and innovative techniques, Huawei has attained its place in the 2022 Fortune Global 500 list.
Recently, the business inspection cooperation – Fortune announced the 2022 Global list of companies that includes the top organizations of the world, including Huawei. The inspection firm is well-known to showcase the overall growth of companies around the globe.
Over the past few years, the pandemic has ruptured many sectors around the world. Consequently, there is a need to understand the growth of the digital economy on a global basis. Hence, Fortune has the responsibility of providing an accumulated and accurate report of sales and profits that has broken record levels in the year 2021.
Favorably, Huawei managed to secure its position among the top 100 companies in the Fortune Global 500 list. Approx 145 Chinese companies came under the list category. Among them, the Chinese manufacturer is standing at the 96th rank.
Speaking of the revenue details of Huawei, the company has slightly come down over the past year. It has fallen from 44th rank directly to 96th. Besides, the revenue has also decreased to 23.6 percent. But it does not mean that the company is playing at the loss.
A good profit of 88.2%
Alternatively, the Chinese tech maker has hyped its profit percent to 88.2. Well, that gets equal to 17.62 billion USD. Hence, we cannot say that the company has declined in any manner. Concerned with the tiny step back, Huawei knows how to tackle the obstacles on its way.
Moreover, we should not forget that the company is playing the lead role in the foldable smartphone market. Huawei is consistent regarding new upbringings in the market. And soon, the firm will be able to recover its loss with a good amount of profit.
Huawei Mate 50, Mate 50 Pro and RS gets certified ahead of launch
Recently, Huawei received certificate for three new models – BNE-AL00, DCO-AL00, and CET-AL00. These phones are identified as the upcoming Huawei Mate 50, Mate 50 Pro, and Mate 50 RS Porsche Design.
Certificate from TENAA reveals that the Huawei Mate 50, Mate 50 Pro, and Mate 50 RS are equipped with only 4G LTE connectivity and there’s no sign of 5G at the moment. These phones are powered by HarmonyOS operating system and more likely it’ll be the HarmonyOS 3.0.
Aside from this information, there’s no clue of any other details on the specifications. However, a previous report reveals that the phone lineup will have a new six-blade lens with a variable aperture controls the light more effectively and also to safe keep the image sensor hardware.
With this tech, Huawei is aiming to provide better brightness in images and background blur in portrait shots. This is quite an awesome improvement to know about and we’ll keep on looking forward to what the variable aperture will bring for the consumers when the device will officially lands in public.
Yes, we are aware that Huawei wants to continue its dominance over the camera world and this tech will surely help the firm to achieve its primary aim.
Past leaks reveal that the Huawei Mate 50 series consist of three models – Mate 50, Mate 50 Pro, and Mate 50 RS Porsche Design. The phone maker has brought in these models with a new Snapdragon chipset from Qualcomm.
It’s also suggested that the Mate 50 will have a flat panel with a center hole punch design. While the Mate 50 Pro along with Mate 50 RS will equip a curved edge panel and a notch to house the face id and other face cameras as well as sensors.
Currently, Huawei has not confirmed the launch date but it’s expected that the Huawei Mate 50 series will debut on September 7.
Geely announces two new electric cars models equipped with HarmonyOS
Geely Automobile cooperation has recently come into the news for its association with the Huawei HarmonyOS system for the development of its upcoming electric cars. Now the company is again amid headlines, announcing two new car models.
The well-known automobile manufacturer has recently added a new post on its Weibo page. Accordingly, the post showcases two brand new electric car models termed Geely G6, and Geometric M6. Besides, the company also mentioned that both the Geely electric cars will equip a standard system based on the HarmonyOS development.
Consequently, the information states that two more new models will soon capture the smart vehicles’ place in the market. And since these intelligent cars will power the smart cockpits uprooted over the HarmonyOS interface, users will surely grab a new experience of driving and traveling.
As mentioned, Geely has already bumped into the headlines for joining its hands with the Huawei HarmonyOS system. At the same time, the company also released a poster on its Weibo page with the caption – ‘Powered by HarmonyOS‘.
New Electric Car Images
Although, the company hasn’t uttered a word on the specifications or any vital element of the upcoming automation. Yet, the company showcased an opaque look to the super-agile cars in the form of cluster images. Alternatively, the shots describe the color of Geely G6 and M6 cars as green and brown textures with a matte finish.
Speaking of the smart cockpit based on HarmonyOS, the system will offer a super interface and access to mobile applications on the car. Further, it will permit the users to navigate the car context with their handsets.
Alongside, there are a lot of features that look after the convenience of the users. For instance, support of air-conditioning linkage, dark mode function, multi-screen interaction, smooth buffer-free connection, express delivery, and more.
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