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The Standard Group Plc is a
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Chinese technology giant Huawei said on Friday the impact of US trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about Sh1trillion ($10 billion) this year.
Huawei Technologies’ Sh10 trillion ($100 billion) business has been hit hard since mid-May after Washington put the world’s second-largest smartphone maker in a so-called Entity List that threatens to cut off its access to essential US components and technology.
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