Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions.
"While it's true that we have considerable pressures ahead of us, we still see opportunities to grow a resilient business portfolio, a unique competitive edge, the trust of our customers and partners and have the courage to invest heavily in R&D," Eric Xu, the outgoing rotating chairman of Huawei, said during a news conference Friday.
Huawei said Friday that its annual revenue for 2022 reached 642.3 billion yuan (US$93.5 billion), a 0.9% gain from the year before.
The net profit for the year was 35.6 billion yuan ($5.18 billion), down 68.7% from 2021 amid pressures from the pandemic, U.S. sanctions, an increase in commodity prices and a decline in the company's consumer business, which mostly sells smartphones. Huawei reported a higher-than-usual 113.7 billion yuan ($16.55 billion) in profit in 2021 due to the sale of Honor, its budget smartphone business.
"The year 2022 is a year where Huawei pulled ourselves out of a crisis mode. U.S. restrictions are now our new normal and we're back to business as usual," said Sabrina Meng, Huawei's chief financial officer, who will become the firm's rotating chairwoman from April 1.
Also known as Meng Wanzhou, she is the daughter of Huawei's founder. She was detained for nearly three years in Canada after her arrest on U.S. charges over lying to Hong Kong banks about dealings with Iran in violation of trade sanctions.
Meng was released under a deal with the U.S. Justice Department that will dismiss the charges in exchange for her accepting responsibility for misrepresenting Huawei's dealings with Iran.
Huawei, one of China's first global tech brands, has been caught up between China-U.S. tensions over technology and security. American officials say the company is a security risk and might enable Chinese spying, an accusation Huawei denies.
The U.S. has banned U.S. firms from doing business with Huawei, cutting off the Chinese firm's access to chips and software such as Google services for its smartphones.
The Shenzhen-headquartered telecommunications firm has since shifted its focus in 2022 to growing its corporate business by selling network gear and services to industries such as healthcare, manufacturing, transportation and mining to help them become more digital.
Huawei's enterprise business revenues in 2022 grew 30% from a year earlier to 133.2 billion yuan ($19.38 billion). Its growth in 2021 was just 2.1%.
Revenue from its company's consumer business, which sells smartphones, tablets and other devices, continued to decline, falling 11.9%. Huawei was the world's largest smartphone maker in 2020 but has since seen its global market share plunge after it lost its Android license and Google services.
Huawei is one of the world's biggest spenders in research and development, devoting a record 161.5 billion yuan ($23.51 billion) in R&D spending in 2022, representing 25% of its total revenue.
Just over half of Huawei's workforce of 207,000 employees work in R&D.
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
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Three men in Quebec from the same family have fathered more than 600 children.
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A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.