Facebook Pixel Economic enemies | Financial Express Kolkata – newspaper – Lesen Sie diese Geschichte auf Magzter.com
Mit Magzter GOLD unbegrenztes Potenzial nutzen

Mit Magzter GOLD unbegrenztes Potenzial nutzen

Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur

$149.99
 
$74.99/Jahr

Versuchen GOLD - Frei

Economic enemies

Financial Express Kolkata

|

April 20, 2025

A corporate biography becomes a narrative of the global tech war

- RISHI RAJ

VA DOU'S HOUSE of Huawei arrives at a moment of intense global reordering, where technology, geopolitics and economic nationalism collide.

The timing of this book couldn't be more significant. It enters the public discourse in the aftermath of the US-China trade war that intensified under Donald Trump's presidency. However, much before Trump's rhetoric—steeped in claims that the world had taken unfair advantage of the US by imposing steep tariffs on its goods—took centrestage, the standoff with Huawei had peaked, with consequences for the company.

At the heart of the book is a nuanced and well-researched chronicle of how this once obscure telecom firm, founded by a former People's Liberation Army engineer Ren Zhengfei, evolved into a global technology behemoth. But more than just a corporate biography, the book operates as a narrative lens of the global tech war, one that straddles national security, surveillance, trade policy, and the ideological rift between liberal democracies and authoritarian capitalism.

The attack on Huawei was a result of not only a strategic threat, but also a competitive one. Huawei's meteoric rise, powered by low prices, aggressive innovation, and strong state backing, allowed it to beat American and European rivals in global telecom markets. By the mid-2010s, it was leading the world in telecom infrastructure deployment. That success, ironically, sealed its fate.

The flashpoint came in December 2018, when Canadian authorities arrested Meng Wanzhou, Huawei's CFO and Ren's daughter, at the behest of the US department of justice. Charged with violating sanctions against Iran, her detention sparked a diplomatic firestorm and tit-for-tat arrests by China, underscoring how deeply entangled Huawei had become in global geopolitics.

WEITERE GESCHICHTEN VON Financial Express Kolkata

Financial Express Kolkata

Auto sales to grow in double digits in Feb: FADA

THE AUTOMOBILE RETAIL momentum is set to remain strong in February, with sales likely to post another round of double-digit growth, according to Saharsh Damani, CEO of the Federation of Automobile Dealers Associations (FADA).

time to read

1 min

February 28, 2026

Financial Express Kolkata

IPL 2026 to be played from Mar 28-May 31

THE INDIAN PREMIER League (IPL) 2026 season will start on March 28, two days after what the Board of Control for Cricket in India (BCCI) had originally planned, according to ESPNcricinfo.

time to read

1 min

February 28, 2026

Financial Express Kolkata

IIT Madras's next-gen EV charging tech

RESEARCHERS AT IIT Madras have unveiled a tech breakthrough that could redefine the efficiency and lifespan of EV batteries.

time to read

1 min

February 28, 2026

Financial Express Kolkata

Fino Payments Bank CEO Rishi Gupta arrested

FINO PAYMENTS BANK MD and CEO Rishi Gupta has been arrested under the CGST and SGST Act, 2017, the lender informed the exchanges on Friday.

time to read

1 min

February 28, 2026

Financial Express Kolkata

Bank credit growth remains in 13-15% band

CREDIT GROWTH IN the banking sector continues to be in the 13-15% range, fortnightly data released by the Reserve Bank of India (RBI) on Friday showed.

time to read

1 min

February 28, 2026

Financial Express Kolkata

FY27 debt-to-GDP may rise by 140 bps

WITH THE NOMINAL GDP size shrinking for FY23-FY26 in the new series using the 2022-23 base, the Centre’s debt-to-GDP ratio will likely rise by 1.4 percentage points to 57% in FY27, compared with the budget target of 55.6%, making the debt consolidation plan challenging.

time to read

2 mins

February 28, 2026

Financial Express Kolkata

Bharat Biotech mulls ₹4,500-crore IPO

VACCINE MAKER BHARAT Biotech International is considering an initial public offering (IPO) that may raise more than ₹4,500 crore, according to people familiar with the matter.

time to read

1 min

February 28, 2026

Financial Express Kolkata

Pak bombs Afghan cities in 'open war'

TALIBAN SAY IT IS OPEN TO TALKS

time to read

2 mins

February 28, 2026

Financial Express Kolkata

Norway fund drops Adani Green

NORWAY'S $1.2-TRILLION sovereign wealth fund, the world’s largest, has decided to exclude Adani Green Energy (AGEL) from its portfolio due to concern about its alleged links to financial crime.

time to read

1 mins

February 28, 2026

Financial Express Kolkata

Amazon's daily essentials biz rising at 28% annually

AMAZON'S DAILY ESSENTIALS business is emerging as one of the company’s most important growth engines in India, both in scale and strategic value, Nishant Raman, director —Everyday Essentials, Amazon India told FE.

time to read

1 mins

February 28, 2026

Listen

Translate

Share

-
+

Change font size