Huawei posts strong annual report but warns of challenges ahead

Huawei held a virtual press conference to launch its latest annual report amid the coronavirus pandemic. The past year was always going to be a difficult one for Huawei due to the US applying sanctions and increasing pressure globally to ban the vendor’s equipment. A...

Satellite internet firm OneWeb files for Chapter 11 bankruptcy

OneWeb has filed for Chapter 11 bankruptcy as it seeks a new buyer to continue its satellite internet ambitions. The promising startup was forced into filing for bankruptcy after its attempts to get financing was unsuccessful. OneWeb says it was “close” to receiving...