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Huawei reported its first yearly revenue decline on record in 2021

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Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company.

But the Chinese technology giant’s income surged last year as it focused on boosting profitability.

“Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are more capable of dealing with uncertainty,” Huawei’s chief financial officer, Meng Wanzhou, said in a statement.

According to CNN, Huawei’s spent 142.7 billion yuan on research and development in 2021, slightly higher than 2020′s figure of 141.9 billion yuan.

“Relying on talent, scientific research, and an innovative spirit, we will continuously increase investment to reshape our paradigms for fundamental theories, architecture, and software, and build our long-term competitiveness,” Guo Ping, Huawei’s rotating chairman, said in a press release.

Huawei is not a public company but releases annual results which it says are audited by accounting firm KPMG.

Huawei’s annual report released Monday is the first high-profile corporate event Meng has led since returning to China from Canada, where she was engaged in a nearly three-year extradition battle with the United States. Meng spoke at a press conference at Huawei’s headquarters in Shenzhen.

In 2021, Huawei brought in revenue of 636.8 billion Chinese yuan ($99.9 billion), a 28.5% year-on-year decline. That is the first yearly decline in revenue based on publicly available reports dating back to 2002.

Meng said during a press conference on Monday that U.S. sanctions, “supply continuity challenges” and slowing 5G demand in China were key reasons behind the revenue fall.

Net profit last year rose 75.9% year on year to 113.7 billion yuan.

Under former U.S. President Donald Trump, Huawei was put on a U.S. blacklist called the Entity List which restricted American firms from exporting key components and software to the company. Washington has sought to cut Huawei’s access to high-end chips required for its smartphones and other hardware. Huawei’s smartphone market share globally has plunged as a result.

Meanwhile, the U.S. has called Huawei a national security threat and urged other nations not to use its telecommunication equipment for next-generation 5G mobile networks. Huawei has repeatedly denied it is a national security threat.

These moves had had a big impact on the company’s business units. Huawei’s consumer division, which houses smartphone sales and other products, brought in 243.4 billion yuan in 2021, down nearly 50% year on year.

The carrier business, which includes sales of telecommunications equipment, posted revenue of 281.5 billion yuan, down by around 7% year on year.

One bright spot for the company was its nascent enterprise business, its smallest division currently, but one Huawei is focusing heavily on to pick up the slack. Huawei’s enterprise unit includes cloud computing.

To counter U.S. sanctions, Huawei is investing heavily in new areas including the automotive industry and hiring more scientists to focus on technology development.

Putin could be looking to carve Ukraine in two – like North and South Korea

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Ukraine’s military intelligence head says Russian President Vladimir Putin could be looking to carve Ukraine in two – like North and South Korea. 

Brig. Gen. Kyrylo Budanov, the head of Ukraine’s Defense Intelligence Agency, said Russia’s operations around Kyiv had failed and it was now impossible for the Russian army to overthrow the Ukrainian government. Putin’s war was now focused on the south and the east of the country, he said.

According to CNN, Budanov said Russia remained intent on establishing a land corridor from the Russian border to Crimea, and said he expected to see an attempt to unite Russian-occupied territories into a single entity. 

“We are already seeing attempts to create “parallel” authorities in the occupied territories and to force people to give up [the Ukrainian] currency,” Budanov said, adding that he expected Ukrainians to resist Russia’s political efforts. 

“There is reason to believe that he is considering a ‘Korean’ scenario for Ukraine. That is, [Russian forces] will try to impose a dividing line between the unoccupied and occupied regions of our country. In fact, it is an attempt to create North and South Korea in Ukraine.” 

ISIS killed two and injured six in Israel

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ISIS operatives killed two people and injured six in a shooting attack Sunday in the Israeli city of Hadera, some 31 miles north of Tel Aviv, Israeli officials said.

The attack — the second of its kind in a week — coincided with a landmark regional summit in Israel’s Negev desert, where top diplomats from the United Arab Emirates, Bahrain, Morocco, Egypt, Israel and the United States are meeting to discuss security issues, reported by CNN.

“We condemn today’s terrorist attack in Hadera, Israel,” US Secretary of State Antony Blinken tweeted on Sunday from Israel. “Such senseless acts of violence and murder have no place in society. We stand with our Israeli partners and send our condolences to the families of the victims.”

The two assailants, who were shot and killed by Israeli police, were from the Arab-majority Israeli city of Umm al-Fahm in the northern district of Haifa. An Israeli police spokesperson said the operatives fired at local police in Hadera, killing two passers-by. Police said the victims were members of the border police force.

“A short while ago, two terrorists arrived on Herbert Samuel Street in Hadera and began firing at a local police force. As a result of the shooting, the deaths of 2 passers-by were determined,” the spokesperson said.

“An undercover force that was at the scene sought contact and after a brief gun battle neutralized the terrorists,” the spokesperson added.

ISIS has claimed responsibility for the attack, according to the SITE Intelligence Group, which quoted a post from the ISIS-affiliated Amaq news agency. Amaq posted a screengrab from a video that circulated on social media showing two masked men pledging allegiance to the leader of ISIS prior to the attack.

Amaq called the attack a “twin immersive commando attack by Islamic State Fighters,” according to SITE.

The Hillel Yaffe Medical Center in Hadera said six people were injured in the attack, two of whom are in serious condition.

On Tuesday, an Arab-Israeli assailant killed four people in a stabbing attack in Israel’s southern city of Beersheba before he was fatally shot by a passer-by, according to Israeli police. The assailant had previously been arrested for supporting ISIS, according to the Israeli judiciary.

After 19 days, South Korea President Moon and President-elect Yoon finally get together

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President Moon Jae-in and President-elect Yoon Suk-yeol finally got together, 19 days after the March 9 election, Monday evening.

Moon and Yoon last met at the Blue House at an anticorruption meeting in June 2020. Yoon was prosecutor general.
 
Previously, the longest time it took for a president to meet the president-elect was 18 days in 1992 between President Roh Tae-woo and his successor Kim Young-sam.
 
According to KoreaJoongang, They had dinner at the Sangchunje guest house at the Blue House in central Seoul at 6 p.m., accompanied by Moon’s chief of staff, Yoo Young-min, and main opposition People Power Party (PPP) Rep. Chang Je-won, Yoon’s chief of staff.  
 
It has never taken as long as 19 days after an election for an outgoing president to meet with his successor.  
 
Yoon told reporters earlier Monday that there was “no special agenda” set for the meeting but that “the livelihoods of the people and security issues could come up.”  

Kim Eun-hye, Yoon’s spokesperson, also said in a briefing Monday morning, “I think the issue of Covid-19 relief would be dealt with most urgently above everything else.”
 
Yoon has pushed for an additional supplementary budget of 50 trillion won ($40.7 billion) for Covid-19 recovery. The Moon government has not been keen on approving of any additional budget in its remaining weeks.  
 
Another key issue is Yoon’s plan to move the presidential office to the Defense Ministry compound in Yongsan District, central Seoul. Moon, while not technically opposed to the relocation, is concerned that a security vacuum could result from rushing a move by the start of Yoon’s five-year term on May 10.
 
In a meeting with his aides Monday, just hours before the meeting with Yoon, Moon stressed the need for the incoming government to succeed and build upon the achievements of the previous administration.  
 
“The present is history that has been accumulated from the past, and the Republic of Korea has advanced constantly in the midst of hardships and the ups and downs of its modern history,” Moon said. “This is the result of successive governments inheriting the achievements of previous governments, supplementing their deficiencies, and developing upon them.”
 
A one-on-one luncheon scheduled for March 16 was cancelled at the last minute after Moon and Yoon’s teams failed to set an agenda in preparatory talks.  
 
The two sides have butted heads over personnel appointments and the idea of a special pardon for former President Lee Myung-bak, who has been serving a 17-year sentence for embezzlement and bribery since 2018.
 
The two sides held numerous consultations since last Friday to reschedule talks, and Moon and Yoon’s spokesperson announced the newly scheduled date Sunday, with both sides promising “candid dialogue” without a set agenda.
 

Teen falls to death from Florida amusement park ride

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The parents of a teen who fell to his death from a Florida amusement park ride have hired attorneys.

Sheriff’s officials and emergency crews responded to a call late Thursday at Icon Park, which is located in the city’s tourist district along International Drive. The boy fell from the Orlando Free Fall ride, which opened late last year.

He was taken to a hospital, where he died, sheriff’s officials said. No additional details about the teen or the incident were immediately released.

Now, ride experts and witnesses talk about what happened.

Orlando’s ICON Park free-fall ride remains closed, as investigators continue to look for answers surrounding the death of Tyre Sampson.

“The focus of our investigation is going to be on the training of the staff on the ground, who may not have secured Tyre before the ride took off,” said Bob Hilliard, the attorney for the Sampson family.

Investigators have not determined what caused Sampson to fall out of the ride, but in the viral video that shows Sampson’s fall, which is too graphic to show, workers can be heard in the moments after discussing safety measures.

Hilliard spoke to WKMG about the legal actions being taken to find who is responsible for the death of the 14-year-old boy.

“The investigation is also going to include the design of the ride itself. There absolutely should be no way a ride can leave the ground if there is any indication that any one of the passengers is not secured,” Hilliard said.

The company that operates the ride said workers are responsible for checking lights on the restraint system to ensure they are properly secured.

“The ride will not ascend unless those harnesses are locked in. There were no indications there was anything different,” said John Stine with Slingshot Group.

“It felt like a dream,” said witness Montrey Williams

Williams said he was standing in front of the ride the night of the teen’s death and noticed the red flags.

“Nobody walked around to see if everybody was securely, you know, locked in,” he said.

“There has to be redundancies, more than a 16-year-old minimum wage kid walking around checking whether or not your harness works,” said Hilliard.

The ride passed a safety inspection in December before it was allowed to open, according to a safety inspection report.

Shanghai starts China’s biggest COVID-19 lockdown

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China began its most extensive coronavirus lockdown in two years Monday to conduct mass testing and control a growing outbreak in Shanghai as questions are raised about the economic toll of the nation’s “zero-COVID” strategy.

According to AP, Shanghai, China’s financial capital and largest city with 26 million people, had managed its smaller previous outbreaks with limited lockdowns of housing compounds and workplaces where the virus was spreading.

Although China’s vaccination rate is around 87%, it is considerably lower among older people who are more likely to become seriously ill if they contract the virus.

In Hong Kong, Chief Executive Carrie Lam said the government was still considering next steps in what has been criticized as a halting response to a recent fifth wave of COVID-19 infections that has led to tens of thousands of cases and more than 7,000 deaths.

Lam said no decision has been made on whether or when to test all 7.4 million residents of the southern Chinese semi-autonomous region.

“I don’t have a timetable yet. It’s not easy to predetermine a timetable, in the same way that I don’t know how quickly the cases will come down,” Lam told reporters at a daily briefing.

But the citywide lockdown that will be conducted in two phases will be China’s most extensive since the central city of Wuhan, where the virus was first detected in late 2019, confined its 11 million people to their homes for 76 days in early 2020. Millions more have been kept in lockdown since then.

Shanghai’s Pudong financial district and nearby areas will be locked down from Monday to Friday as mass testing gets underway, the local government said. In the second phase of the lockdown, the vast downtown area west of the Huangpu River that divides the city will start its own five-day lockdown Friday.

Residents will be required to stay home and deliveries will be left at checkpoints to ensure there is no contact with the outside world. Offices and all businesses not considered essential will be closed and public transport suspended.

Already, many communities within Shanghai have been locked down for the past week, with their housing compounds blocked off with blue and yellow plastic barriers and residents required to submit to multiple tests for COVID-19. Shanghai’s Disneyland theme park is among the businesses that closed earlier. Automaker Tesla is also suspending production at its Shanghai plant, according to media reports.

Panic-buying was reported on Sunday, with supermarket shelves cleared of food, beverages and household items. Additional barriers were being erected in neighborhoods Monday, with workers in hazmat suits staffing checkpoints.

In-person observations of the April 5 Tomb Sweeping Festival have been canceled and memorials will instead be held online.

Some workers, including traders at the city’s stock market, were preparing to stay within a COVID-19 “bubble” for the duration of the lockdown.

Li Jiamin, 31, who works in the finance industry, said she had packed several days of clothing and supplies, and her company was sorting out sleeping and eating arrangements.

“The overall impact is still great,” Li told The Associated Press, pointing especially to losses suffered by workers in the informal sector who have no such support.

Huang Qi, 35, who works at a local university, said he had undergone a lockdown at home before and prepared for the new round by stocking up.

“I think if the closure continues like this, our school workers will not be affected much, but what about those who work in the real economy? How can their business be maintained?” Huang said.

“I still hope that our society can find a better balance between ensuring normal life and epidemic prevention and control,” Huang added.

Shanghai detected another 3,500 cases of infection on Sunday, though all but 50 were people who tested positive for the coronavirus but were not showing symptoms of COVID-19. While people who are asymptomatic can still infect others, China categorizes such cases separately from “confirmed cases” — those in people who are sick — leading to much lower totals in daily reports.

Nationwide, 1,219 new confirmed cases of domestic infection were detected on Sunday, more than 1,000 of them in the northeastern province of Jilin, along with 4,996 asymptomatic cases, the National Health Commission reported on Monday.

Two deaths were reported March 20 in Jilin. Before that, mainland China’s official death toll had stood at 4,636 for a year.

China has reported more than 56,000 confirmed cases nationwide this month, with the surge in Jilin accounting for most of them.

Jilin province is enforcing travel bans and partial lockdowns in several cities, including Changchun, one of the centers of the Chinese auto industry. Although the province has seen more than 1,000 new confirmed cases per day, prevention and control measures taken there do not appear to have been as extreme as in other places.

As has become customary, Jilin has been building pre-fabricated temporary wards to house COVID-19 patients and those under observation as suspected cases. The city of Suzhou, about an hour from Shanghai, as well as Changsha in the country’s center and Shenyang in the northeast are also erecting such structures capable of housing more than 6,000 people.

Shanghai itself has converted two gymnasiums, an exhibition hall and other facilities to house potential infected patients.

China has called its long-standing “zero-tolerance” approach the most economical and effective prevention strategy against COVID-19.

The new measures being enforced in Shanghai aim to “curb the virus spread, protect people’s life and health, and achieve the dynamic zero-COVID target as soon as possible,” the city’s COVID-19 prevention and control office stated in an announcement Sunday evening.

That requires lockdowns and mass testing, with close contacts often being quarantined at home or in a central government facility. The strategy focuses on eradicating community transmission of the virus as quickly as possible.

While officials, including Communist Party leader Xi Jinping have encouraged more targeted measures, local officials tend to take a more extreme approach, concerned with being fired or otherwise punished over accusations of failing to prevent outbreaks.

Most recently, Hunan province, which has seen relatively few cases, ordered punishments against 19 officials for “failure to vigorously consolidate anti-pandemic policies,” state broadcaster CCTV reported Monday.

With China’s economic growth already slowing, the extreme measures are seen as worsening difficulties hitting employment, consumption and even global supply chains. With a 21-day curfew in place for all foreigners arriving from abroad, travel between China and other countries has fallen dramatically.

On Friday, the International Air Transport Association announced it was moving its annual general meeting from Shanghai to Doha, citing “continuing COVID-19 related restrictions on travel to China.”

“It is deeply disappointing that we are not able to meet in Shanghai as planned,” IATA Director General Willie Walsh said in a news release.

Still, Shanghai’s announcement of the dates when the two lockdowns would be lifted appeared to show a further refinement in China’s approach. Previous citywide lockdowns had been open-ended.

Toxic flatworms invading metro Atlanta gardens

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The invasive hammerhead or flatworm is starting to rear its odd-shaped head in metro Atlanta now that the weather is turning warmer and more people are getting into the garden.

“If you mess with them, they get slimy and they don’t want to be touched, and they’re just gross little things,” Curtis said.

Originally from Asia, the worms vary in size experts say from inches to even a foot. Unfortunately, there is evidence they aren’t so good for your garden.

Many have posted warnings not to touch the worms because of the belief the worms carry a certain toxin.

“Tetrodotoxin sometimes abbreviated as TTX is a very nasty compound something that’s found in Fugu pufferfish,” said James Murphy, an agriculture Agent with UGA Extension Rockdale. It was also found in the Hammerhead worm, but as far as being poisoned by touching them goes Murphy said, “It’s not to the point where touch it and you’re in trouble territory. If you do need to remove them from a space even if they’re not acutely toxic probably best to glove up.”

He said you would need to ingest the worm for any poison to likely enter your body and also most likely a lot of them to be severely poisoned.

“Undoubtedly they’re having some impact in their kind of range expansion because they are preying on things, they are eating things,” Murphy said.

“When I see them now I use something to scoop them up and bring them in and put them down the trash disposal,” Curtis said.

Murphy said if you do try and kill one by cutting them in half you will have actually just created two new worms and not killed it at all. He said a sure-fire way to get rid of them is to put them in a bag of salt or jar of vinegar.

US reinstated 352 expired product exclusions on Chinese imports

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The U.S. Trade Representative’s office said on Wednesday it has reinstated 352 expired product exclusions from U.S. “Section 301” tariffs on Chinese imports, well short of the 549 exclusions that it was previously considering.

The reinstated product exclusions will be effective retroactively from Oct. 12, 2021, and extend through Dec. 31, 2022, USTR said. They cover a wide range of the initially estimated $370 billion worth of Chinese imports that former president Donald Trump hit with punitive tariffs of 7.5% to 25%, according to Reuters.

The list released by USTR includes industrial components such as pumps and electric motors, certain car parts and chemicals, backpacks, bicycles, vacuum cleaners and other consumer goods.

The Trump administration initially granted more than 2,200 exclusions to the tariffs to provide relief to certain industries and retailers. Most were allowed to expire, but 549 were extended for a year, and these expired at the end of 2020.

U.S. Trade Representative Katherine Tai last October launched a review of whether to reinstate those 549 exclusions as part of her strategy to confront China on its trade practices.

A series of virtual meetings with her Chinese counterparts since then yielded little improvement in China’s performance under Trump’s “Phase 1” trade agreement with Beijing.

A spokeswoman at China’s commerce ministry said on Thursday the U.S. decision was beneficial to normalizing the trade flow of those products, and hoped bilateral trade relations would get back on a normal track.

“Amid inflation spikes and challenges to the global economic recovery, we hope the U.S. could scrap all tariffs on Chinese products as soon as possible for the fundamental interests of consumers and producers in China and the U.S.,” spokeswoman Shu Jueting told reporters.

570K broiler chickens to be destroyed in Nebraska fight against bird flu

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The Nebraska Department of Agriculture (NDA) announced on Tuesday that it has confirmed a case of the highly contagious bird flu in a commercial flock of 570,000 broiler chickens and that the birds will be “humanely depopulated and disposed of.”

The department said the farm is “under NDA quarantine and the birds will be humanely depopulated and disposed of in an approved manner.”

Several other states have also reported cases of the virus in various bird species, with South Dakota reporting 85,000 cases on Sunday. Wisconsin and Missouri have also reported cases.

NDA, in conjunction with the United States Department of Agriculture (USDA), said in a press release the highly pathogenic avian influenza (HPAI) was confirmed in a chicken flock in Butler County, Neb. 

“HPAI is a highly contagious virus that spreads easily among birds through nasal and eye secretions, as well as manure,” NDA said. “The virus can be spread in various ways from flock to flock, including by wild birds, through contact with infected poultry, by equipment, and on the clothing and shoes of caretakers.”

The virus was initially discovered on March 7 in a wild goose in Lincoln, Neb., but was later discovered in a backyard flock of chickens in Merrick County and several wild geese in Cedar and Douglas counties, according to a press release.

“Having a second farm in Nebraska confirmed to have HPAI is unfortunate, but not completely unexpected,” NDA Director Steve Wellman said in the press release. “NDA will use all the resources at our disposal, in coordination with our federal partners to manage a quick response.”

Ukrainians said to have destroyed large Russian warship in Berdyansk

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Ukrainian armed forces on Friday identified a large Russian landing ship that they said they destroyed at the port of Berdyansk in southern Ukraine the day before.

The port, which had recently been occupied by Russian forces with several Russian warships in dock, was rocked by a series of heavy explosions soon after dawnon Thursday.

Russia has fired on Mariupol from the Sea of Azov, according to a senior US defense official, using a group of approximately seven ships to launch attacks on the critical coastal city.

Further west, Ukrainians have been fighting to take back the city of Kherson, as well as pushing Russian forces from the northeast of Mykolaiv, forcing them to reposition south of the city, a senior US defense official said Tuesday.

The official cautioned that the US cannot say whether these moves are part of a “larger operational plan” by the Ukrainians, but called the Ukrainian defense “nimble” and “agile.”

Social media videos showed fires raging at the dockside, with a series of secondary explosions reverberating across the city.

The Ukrainian armed forces on Friday named the ship as the “Saratov.” In earlier reporting, the ship was named as the “Orsk.”

In a statement, the armed forces said: “In the Azov operational zone, according to updated information, a large landing ship “Saratov” was destroyed during the attack on the occupied Berdiansk port. Large landing ships “Caesar Kunikov” and “Novocherkassk” were [also] damaged. Other losses of the enemy are being clarified.”, reported by AP.

Several Russian ships had been unloading military equipment at Berdyansk in recent days, according to reports from the port by Russian media outlets.

The United States said that Ukraine likely did conduct a successful attack against Russian ships in Berdiansk, according to a defense official, though it is unclear what type of weapon or weapons were used in the attack. It echoes a similar statement from the British Ministry of Defence, which said that Ukrainian forces have attacked “high value targets” in Russian-occupied areas of Ukraine, including a landing ship and ammunition depots at Berdyansk.

Analysis of videos uploaded on Thursday showed that one Russian naval vessel left the port soon after the explosions.

The Russian Ministry of Defense has made no official comment about the explosion.

Berdyansk sits on the Azov Sea and is roughly 45 miles (70 kilometers) southwest of Mariupol. The city has a small naval base and a population of about 100,000.

Russian military troops first occupied Berdyansk government buildings on February 27, three days after Russia’s invasion began.

Mariupol still eludes Russian control despite being surrounded and mercilessly pummeled, block by block, by Russian firepower.

Its defenders rejected an ultimatum to surrender by Monday morning, thwarting a Russian effort to finalize a land bridge linking Crimea with the separatist republics of the eastern Donbas region.