News Snapshot:
SHENZHEN, China: China's Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company's placement on a U.S. export blacklist. Net profit for 2020 came in at 64.6 billion yuan (US$9.83 billion), up 3.2per cent, compared to growth of 5.6per cent a year earlier. Huawei was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components from outside vendors. The ban put Huawei's handset business...