Author: Press Room

The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for 2024 of 862.1 billion Chinese yuan ($118.2 billion), a 22.4% year-on-year rise.It is the company’s second-highest revenue figure ever, according to CNBC calculations, just shy of the record 891.4 billion yuan reported for 2020.Net profit fell, however, to 62.6 billion yuan, a decline of 28% versus 2023. Huawei said this was a result of increasing investments.It comes as the Chinese technology giant tries to adapt its…

The ferry ride from Helsinki’s city center to the island of Pihlajasaari takes only 10 minutes and deposits visitors at a playground of beaches, trails and rocky shoals excellent for sunbathing. But I had a different mission: to speak to a tree.This was meant to be a therapeutic exercise, one championed by the Finnish biologist Adela Pajunen. Finns, she’d told me, sometimes share their worries aloud to trees or birds. Occasionally, they may even sing to them.On shore, I followed a gravel path in search of the perfect tree. I ruled out several pines before spotting a short black alder.…

Rory McIlroy says an elbow injury has been troubling him ahead of the Masters and he may need treatment on it before heading to Augusta.McIlroy carded a final-round 64 on Sunday to finish in a tie for fifth at the Texas Children’s Houston Open, behind Australia’s Min Woo Lee.”My right elbow has been bothering me a little bit so I’ll maybe just get some treatment on that and make sure that is OK going into Augusta,” McIlroy told the Golf Channel after finishing five shots behind winner Lee.”I’ve got my coach Michael Bannon coming in tomorrow [Monday], we’ll do some…

BANGKOK: An anti-corruption watchdog had flagged irregularities in the construction of a Bangkok skyscraper that collapsed in an earthquake last week and killed at least 11 people, the head of the monitoring group told Reuters. The government had threatened to cancel the project earlier this year because of delays, Mana Nimitmongkol, president of the Anti-Corruption Organisation of Thailand, said on Sunday (Mar 30). The government has announced an investigation into the cause of the collapse of the tower, which was being built by a Chinese company and a long-established Thai construction firm. Rescuers were still desperately searching on Monday for…

DEVELOPING STORYDEVELOPING STORY, Prosecution demands that Marine Le Pen be barred from office threaten to derail her bid for the presidency in 2027.A French court has found far-right leader Marine Le Pen guilty of embezzling European Union funds. The Paris court ruled that Le Pen used more than 3 million euros ($3.3m) of European Parliament funds to pay members of her National Rally party. The ruling threatens to push the nationalist out of the 2027 presidential race, in which she is currently the frontrunner, according to opinion polls. The sentencing, set to be announced immediately, could see Le Pen declared…

In recent weeks, managers of the nation’s resorts, plant nurseries, fish processors and racetracks started getting very worried.The Trump administration had yet to release a batch of H-2B visas — those available for seasonal businesses that often can’t find enough workers domestically to fulfill demand.Usually, the Department of Homeland Security releases them a few days after receiving more applications than the number of visas allowed for the second half of the year. That cap was reached on March 5, but no announcement came. Industry lobbyists got members of Congress to reach out on their behalf, put on a fund-raiser at…

Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.Global markets tumbled on Monday over fears of an escalating trade war ahead of Donald Trump’s expected unveiling of a swath of new tariffs this week.Asian and European stocks fell sharply alongside US futures, accelerating a sell-off that began last week, after Trump said the reciprocal US duties he is expected to announce on April 2 would apply globally.“You’d start with all countries, so let’s see what happens,” Trump told reporters on Air Force One on Sunday. Last week he had hinted at…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BlackRock chief executive Larry Fink told shareholders in the world’s largest asset manager that “protectionism has returned with force”, days before US President Donald Trump is set to escalate a tariffs war with America’s trading partners.Fink, whose annual letter is pored over by investors and executives across the corporate world, said his conversations with “nearly every client, nearly every leader” underscored the pervasive unease over the state of the global economy. That anxiety has caused US stock benchmarks to slide since Trump…

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Lawyers for a Florida man on death row are seeking to halt his upcoming execution, arguing that his obesity and health conditions could cause his chosen method of lethal injection to go wrong.Michael Tanzi, 48, is scheduled to be executed April 8 at Florida State Prison for his conviction in the kidnapping and murder of a woman in Miami in 2000. Gov. Ron DeSantis signed his death warrant on March 10, but Tanzi’s lawyers are seeking a stay of execution from the state’s highest court.Tanzi’s lawyers said in court documents filed last week that their client is morbidly obese and…