Connect with us

Foreign

China’s Huawei to invest $3.1bn in Italy, creates 1,000 new jobs in 3 years – Reports

Published

on

Chinese telecommunications giant Huawei will invest $3.1 billion in its business in Italy over the next three years, according to the chief executive of the company,

Thomas told reporters that the company also planned to create 1,000 new jobs in the country.

U.S. media reported over the weekend that Huawei was planning large-scale dismissals in its U.S. division.

The exact number of cuts is still unknown, but according to sources, hundreds of people may lose their jobs.

The U.S. and several other countries have accused Huawei of spying on behalf of the Chinese government through its devices.

However, Huawei has repeatedly refuted all the accusations.

In May, the U.S. Commerce Department blacklisted Huawei and 68 of its non-U.S. affiliates, banning them from importing U.S. hardware amid a long-ongoing trade dispute between the two countries.

At a news conference at the G20 summit in Osaka in late June, President Donald Trump, however, said that the U.S. would allow its companies to sell their equipment to Huawei if this did not threaten U.S. national security.

Contact US: editor@nnn.com.ng, nnnnews247@gmail.com

Recent Posts

January 2020
M T W T F S S
« Dec    
 12345
6789101112
13141516171819
20212223242526
2728293031  

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor@nnn.com.ng

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.

editor@nnn.com.ng