NowIAmUpdated

Tag: China

  • Trump outlaws Huawei and China has no schemes to counter back – NowIamUpdated

    US President banned Huawei from doing business with US Companies hereafter.

    Since Huawei is a leading and emerging brand based in China, this has impacted them adversely. This is because they have lost the power to use Intel’s Chips as well as Google’s Android. In addition, companies like Panasonic went on the same path and stopped their trade.

    Huawei had products coming in one after the other and was on the right track to becoming one of the more popular smartphones but after this ban, their growth has plummeted.

    The founder of the company used this metaphor to describe the situation: like a plane with a hole in its side.

    This metaphor aptly describes their situation as this ban means that the company would not do well but they are still up there and are certainly a recognized brand.

    This ban is a way for Trump to show China that he is not specifically happy with the trade relationship that the two countries share.

    Trump has already made progress in that area by imposing 25% tariffs on several Chinese imports to the United States of America.

    When looked at through China’s eyes, reacting is of importance not only as a show of their economic strength but also because this means that restrictions are being imposed on their most significant overseas market.

    As a result of this ban, however, China has been left in a dire state and does not show up to have numerous options left.

  • Huawei: Crash of the Tech Giant out of the US Market

    Huawei has for long evaded the authorities, successfully skirting the law and operating in the corporate grey area.

    Recent events have brought up many issues which the western governments have with the infrastructure and operations of this company.

    From denying ties to the Chinese Intelligence and Military to mysterious ownership to evading sanctions, Huawei has not had a decent history with the watchdogs.

    To say that the US ban on Huawei was abrupt is absurd. The company most likely knew that this was a serious possibility.

    Let’s begin to understand how the largest telecommunications company in China resulted in being banned from the largest telecommunications market in the world.

    To begin with, Huawei has often been accused of stealing intellectual property. Most remarkably, it was accused of stealing Cisco’s source codes.

    Then have come to the accusations about intentional espionage and implementing hidden backdoors in their devices dedicated for spying on users.

    The indications of many independent organizations of Huawei’s ties with the Chinese Military didn’t help the case made by Huawei while denying these accusations.

    The absence of a clear structural layout and an established hierarchy in the company further worsened their ability to gain trust, especially in western nations.

    Moreover, Japan had banned Huawei’s operations at the beginning of this year, citing similar reasons.

    In the events leading up to the ban, the US House of Representatives went ahead and levied accusations on Huawei being a “national security threat” to America.

    The directors of both the CIA and the NSA claimed that Huawei shared data with the Chinese intelligence and military.

    This ban, which also stretches to restrictions on Huawei from accessing Google facilities and the Android platform, is seen as a response to this accusation.

    With internal security already being a major agenda on the Trump election campaign, this ban toils as an acknowledgment to the growing Information Technology threat posed by the Chinese Market and generates opportunities for other telecommunication companies to move in and fill the Huawei sized void.

    While the Chinese argue that this ban actually goes against the fair-use and intellectual property protection policies, the US agencies have expressed support of the move to uproot the company from the country.

  • US To Suggest Hike In H-1B Application Fee – NowIamUpdated

    H 4 visas are immediately given to H 1B visa holders, including every family member less than 21 years of age. Well, this has profited over 1 Lakh Indian immigrants since 2015.

    The department of homeland security proposal to ban the practice work permits to H 4 visa holders moved by the Trump administration to the next step.

    If this 4-year-old law is rejected then the 1 Lakh and more Indian immigrants who are working in the US would be staring at job loss in the coming future. Even if this proposal goes through, it would take a while for it to come under the effect.

    To wrangle this program in February in the previous year moved from the Trump presidency. Not only H 4 visa holders are worried, but H-1B is also running scared.

    The American tech firms have continued to depend on borrowed workers to hire profoundly skilled employees from India and China, but now the non-immigrant work visa will only allow US companies to employ natives in a specialty occupation.

    As a result, US companies discovering immigrants with a US master’s or higher degree will have a magnificent opportunity of selection in the H-1B lottery.

    Furthermore, a deficiency of talent for US tech firms, with the families, revert to India will result in the byproduct of the scrapping of the H 4 visa program.

    Whereas the utmost firms in the US have extended its local hiring in the US. But it has become difficult to find people with low unemployment rates tied with a shortage in a number of people with the kind of skills required.

  • White House Announces $16 Billion In Aid To Farmers Hurt By China Trade Dispute. – NowIamUpdated

    After a yearlong trade war between the Chinese and the Americans further seeing the depletion in the economy of the poor farmers, Trump’s presidency has decided to announce $16 Billion in aid to farmers who are hurt by these colonial riots and have suffered immensely.

    Agriculture Secretary Sonny Perdue has clearly mentioned in his statement that the economic loss suffered by these farmers are all to be blamed on China rather than Trump’s method of his own agricultural tactics.

    He said that about $14.5 billion will be directly provided to the aid of the farmers and the farmers would receive it somewhere near around this summer only.

    Since the aid comes from a fund named Commodity Credit Corporation (CCC) which looks out for agricultural activities and prices and moreover Perdue, as well as Trump’s administration, have claimed that China will also be paying for the aid of farmers.

    When asked Perdue explained by saying
    “ Legitimately you can’t lead tariff payments into agriculture, as the president assumes China has been paying for it”.

    Trump’s operation on agriculture and trade have been very loud with China. Further has reduced the U.S income at a rate of approximately $1.4 billion a month only.

    The very last year Trump’s presidency released $12 billion for the aid of farmers for the losses they suffered from the trade war with China.

    Also, this year it has just become worse with floods prevailing in the country and farmers appealing bankruptcy have caused a great distraught to the whole nation.

  • Tesla set to create record delivery with Model 3 sedan – NowIamUpdated

    With the release of Tesla’s Model 3 sedan which is the first car created with the target market being maximum, the demand seems to be rising as well.

    The Model 3 sedan long with other Tesla cars as well have been getting a pretty good response which has made it to the highest concern of investors especially after the low demand in the first quarter.

    Tesla is all set to set unmatchable hit delivery in its second quarter which will be banging the previous which was a number around ninety thousand and done in its final quarter of last year.

    In an internal email which was found to be circulating around social media shows the CEO, Elon Musk talk about their huge success to the staff.

    It had made clear the huge amount produced which is somewhere near to 900 models of the Model 3 that were produced per day in that corresponding week.

    Even after the low demand due to the trade tensions going on between U.S.A. and China, Tesla seems to be on its way to recovering the loss and getting back on track.

    While this plus point is possibly going to save Tesla, Elon Musk is still trying to convince the investors about the success new Model 3 and its high demands which will fetch them the profits they need to go ahead.

    The Model 3 is surely going to set high standards as it is showing promising demands and most probably will be able to bring back Tesla in the top.

  • Even if the economy grows, the rate remains unchanged – Federal Minutes – NowIamUpdated

    Earlier in this month, the Federal Reserve officers remained firm on their patient policy, in the meeting, claiming that rates are unlikely to change in the near future.

    Certain minutes from the Federal meeting also showcased that members have high hopes for a full fledge increase in economy, easing out their concerns regarding a slow down further in the year.

    Despite the in general, optimism showcased by all the members in the meeting, they came to the conclusion that it is best to keep patience and take things slowly, monitoring how they work out from here.

    The summary of the meeting stated that the Federals have come to the conclusion that it is in everyone’s best interests if the determination of future adjustments regarding the federal reserves.

    Specifically when it comes down to moderate growth in the economy and almost none inflation process; even after a constant improvement is seen in the economic & financial conditions.

    In the past several meetings, the members were concerned regarding the slowed down growth globally, the US-China trade and the Brexit negotiations which were as messy as they could be.

    However, the conclusion of this meeting session of Feds seems to have a more positive outlook than the last few ones.

    Although, the members have stated that even though from here, there seems to have a positive and a better outlook for the future, there are certain sources of uncertainty.

    With keeping in mind the global economy, and financial development along with the muted inflation pressure, the best route to take is to take everything forward slowly.

  • Business restrictions from Google, impact it will carry on the Chinese Tech Giant…

    Google will no longer continue with Huawei in the hardware or software dealings.

    Google declared that it has decided to dismiss all the ties with the Huawei; the decision is clearly influenced by Trump’s presidency decision to impose severe restrictions on the Chinese companies.

    The Huawei after the restrictions would become dis-qualified to use the licensed copy of the operating system Android to run their smartphones or any other devices.

    Well, Business analysts have predicted that the whole scenario is going to cost Huawei a loss in millions, which will have a lasting effect on the company.

    With this, the smartphone wing of the company will face the worst effect.

    Furthermore, Trump’s presidency has passed an order stating that American companies need to have a license if they are willing to sell the goods to Chinese companies.

    Google’s decision of business restriction is due that particular order, other tech companies such as Intel and QUALCOMM are also considering the restriction.

    Huawei responded on the restrictions by mentioning their valuable contribution to the Android smartphone industry, which has not only benefitted the open source android market but also the whole of the smartphone industry.

    The Huawei holds a major market share in the field of Android smartphones.

    The Huawei has come up with an answer to their customers, giving them the certainty that their existing customers will not be affected due with the recent ban and the rest is taken care of.

    Huawei is still hopeful that business constraint will be fixed in the coming days, their executives are in a constant discussion.

    Well, as of now, they are also acting on an alternative which they can depend on for.

    Huawei has been the second largest manufacturer of smartphones throughout the globe, also has the potential to be the largest by 2020.

    However, there could put a damper on their plans after the said decision taken by Google.