Beijing

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Huawei renews patent licensing deal with Ericsson

Chinese telecoms giant Huawei said on Aug. 25 it had renewed a licensing agreement with Ericsson to use each other's technologies, in a rebuff to U.S. warnings about the risk of espionage by Beijing.

Huawei has been at the center of an intense technological rivalry between China and the United States, which suspects the company of spying for Beijing, accusations Huawei denies.

Biden calls China 'ticking time bomb' over economic woes

US President Joe Biden said Thursday that China's mounting economic problems make the country a "ticking time bomb."

"China is a ticking time bomb in many cases," Biden said at a private fundraising event in the western state of Utah.

The Democrat pointed to the country's high unemployment and aging workforce, saying "China is in trouble."

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