BEIJING/HONG KONG (BLOOMBERG) - Huawei Technologies Co. quickened revenue growth to roughly 30 per cent in the first half after select teams secured critical supplies to keep production going despite US technology export restrictions, people familiar with the matter said. Two months into a Trump-administration ban that cut Huawei off from American suppliers, China's largest technology company is starting to feel the pinch. Still, while revenue growth of 30 per cent marks a slowdown from 39 per cent in 2019's first three months, it was up sharply from 2018, the people said, asking not to be identified discussing a private matter. Executives told staff they were relieved it hadn't been worse, one of the people said. The question is how long Huawei can keep up that momentum as the curbs begin to weigh. Huawei is pulling out all the stops right now to boost sales, assigning as many as 10,000 developers across three shifts a day to work on alternatives to American software and circuitry. It … [Read more...] about Huawei rewards staff for accelerating revenue despite US ban
Termination for convenience revenue recognition
Japan is a familiar place to the avid traveler. But hidden in plain sight, amidst thousands of bustling tourist sports, is a tranquil piece of paradise. Feeling burned out now feels like part of the human experience. It’s become so commonplace that it follows us everywhere, even on the best of vacations. Ever come back from the airport and flop on your bed thinking, “I need a vacation from this vacation”? And then you dread the moment you have to open your inbox. Yes, that feeling. It’s real. And I’m beginning to think that it’s because we’ve chosen for ourselves a vacation that might just be as stressful as actually staying in the office to do overtime. This is why traveling overwhelms me now. I’m no longer keen on the holidays, because I’m already thinking of how it all ends. If I spend three days ignoring my work messages, will I have to clean up a nuclear disaster when I come home? So should I just work throughout my trip? Or … [Read more...] about Okuhida Onsengo: A cure for burnout
Facial recognition: What's in a face? (Agence France-Presse) - July 5, 2019 - 10:26am PARIS, France — Supporters of the technology argue that facial recognition systems can help police fight crime and make the streets safer. Rights groups have raised concerns because of the technology's reliance on huge databases with little oversight and potential for error. Facial recognition is a biometric technology used to authenticate or identify an individual from a photograph or a facial image. — AFP/Jonathan Renaud De La Faverie and Jonathan Storey … [Read more...] about Facial recognition: What’s in a face?
PETALING JAYA: WCT Holdings Bhd’s net profit for the first quarter ended March 31, 2019 grew 8.8% to RM40.32 million from RM37.06 million a year ago, thanks to share of profit of joint ventures. In a filing with Bursa Malaysia today, the group said it registered a share of profit of joint ventures amounting to RM1.88 million during the quarter, compared with a loss of profit of joint ventures amounting to RM2.94 million a year ago. However its revenue for the quarter was 4.7% lower at RM514.65 million compared with RM539.79 million in the previous year’s corresponding quarter, mainly due to lower revenue recognition of certain engineering and construction projects which are nearing completion. WCT group managing director Datuk Lee Tuck Fook said its performance for the current year to date has been in line with its expectations amid the prevailing challenging market conditions. “Our engineering and construction division continues to be the group’s main … [Read more...] about WCT Holdings posts RM40.3m net profit for first quarter
Jakarta. Indonesia's first low-cost carrier terminal for international flights will open at the country's main airport outside Jakarta on Wednesday, aimed at encouraging more air travel in the archipelago and reducing airlines' costs. State-owned airport operator Angkasa Pura II has stripped down Terminal 2F at Soekarno-Hatta International Airport in Tangerang, Banten, forgoing amenities such as air-conditioning, duty-free shops, baggage handling and air bridges in favor of lower operating costs. Angkasa Pura II president director Muhammad Awaluddin said the airport will now be able to expand its connectivity and market share, especially in the budget-airline sector. "The budget-airline sector is growing rapidly across the world, including Southeast Asia, and Soekarno-Hatta is ready to seize a share of that market," he said last week. Budget airline passengers made up around 30 percent of the 15.5 million international passengers who passed through … [Read more...] about Soekarno-Hatta Airport Set to Open Indonesia’s First Low-Cost Carrier Terminal