US formalizes ban on govt contracts to China's Huawei, others

[ad_1] Huawei and other Chinese firms would be banned from US government contracts under rules formalized and published by Washington The United States unveiled rules on Wednesday formally banning technology giant Huawei and other Chinese firms from government contracts in the latest move in the countries’ escalating trade war. The interim rule will preclude any […]

Bombardier reports loss in Q2 amid issues with rail contracts

[ad_1] The Canadian group Bombardier will lay off 550 employees at its Thunder Bay, Ontario plant Canadian plane and train maker Bombardier on Thursday announced major losses in the second quarter due to delays in fulfilling several of its rail contracts, and revised down its earnings forecast for the year. The news sent its shares […]