This morning's top business headlines before the opening bell on Wall Street: - First quarter GDP due Friday - Earnings season in full effect - Deal reached to end stop and shop strike
London 1. Huawei sales: Chinese tech giant Huawei reported Monday that its sales jumped 39% to 179.7 billion yuan in the first quarter.
The private company did not reveal its profits, but it did say that its net profit margin had increased slightly to 8%.Huawei sells more telecommunications equipment than any other company in the world, and its smartphone business is growing faster than that of Samsung or Apple .But it has come under intense pressure from a US campaign to curb its ambitions to become the global leader of next generation wireless technology, or 5G.
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