christine hah is in singapore.ssues and controversies over security worldwide? yes. if you remember, this is the company that the us says could help china spy on the world. at the heart of that suspicion is the telecom equipment business, which only saw a slight decline in 2018. there are a few reasons for this. this is a long—term business, so this. this is a long—term business, so whatever damage is being done now will only show up on the balance sheets a few years down the road. keepin sheets a few years down the road. keep in mind as well that this is its most profitable part of the business. so when the losses do show up, profits will be hit. in the meantime, huawei is doing very well in its other business lines, selling more smartphones than ever, driving reve nu es more smartphones than ever, driving revenues in the consumer business up 45% . revenues in the consumer business up 45%. it is also doing more business with other businesses. all that is not to say it doesn't still have a lot of challenges ahead.

christine hah is in our asia business hub in singapore... atement unprecedented and cheap prices weighing on the overall statement. yes, very much like apple and any —— many other device manufacturers samsung has been hit by slowing global growth and people are not buying or renewing devices as much as they used to come as quickly as they used to. the two big business lines here are being hit, samsung supplies display screens to the lack of apple, when clients say sales are slowing, that means samsung is selling less screens to everybody else. it's other big business line is supplying memory chips for mobile phones, for pcs, tablets, data centres. prices for those have been dropping a lot over the past year or so. analysts say that's because a lot of the major players in those spaces, the users of the memory chips, like data centres, amazon, apple, samsung itself, they have too much inventory because of slower sales, not moving as much fresh stock as they expected to but the stocks of those memory chips are already coming down and a lot of an

christine hah is in singapore. tell us more about the rationale for this.strategy because over the past decade, as every other airline in the region has invested into low—cost subsidiaries, cathay has said it went into that market and focus on the premium segment. that has proved to be a costly choice for cathay pacific so far. it was losing a lot of business to low—cost airlines. chinese and middle eastern airlines. chinese and middle eastern airlines like emirates began taking away premium market share and as chinese airlines started to offer more direct long haul routes, people didn't have to use cathay anymore to reach global destinations. so, this is the next logical step. now hong kong express is hong kong's only budget airline and cathay will get a new revenue stream from budget airline and cathay will get a new revenue stream from the booming budget travel sector in asia. thank you. it's interesting to see the way this consolidation changes the way that we travel. stocks on wall street were higher on tuesday and asian markets had a pretty mixed sess

christine hah is following the story from singapore. why has this got investors spooked?sury bond has now fallen lower than the yield on the us three year treasury bond, well usually it is the other way around and when it flips it indicates investors are very pessimistic about the shorter term future. nine times out of ten this has happened in the past 64 yea rs, this has happened in the past 64 years, a us recession has followed within 24 months. the last time we saw this yield curve it was just before the global financial crisis. investors are essentially betting history will repeat itself. of course there are many other factors, the european data being leaked this week, the us and china trade war —— trade war, as you mention. we are now seeing us stock markets falling, us futures indicating a weaker opening tomorrow, global bond markets falling. unless we see something change very soon, perhaps a positive turn with the trade talks, then we are likely to be looking at a very much bleaker global growth outlook. christine, thank you. if you love a bit of a yield curve, th

christie hah is following the story in singapore. christine, what we hearfrom huawei?s is saying could help china spy on countries and companies all over the world. so in its annual report, huawei calls it bullish growth in the face of adversity. 0nly growth in the face of adversity. only a slight decline despite that and the key reason is that it is a long—term business. any drop in investment happening now will only really see a few years down the road. know what has been the star in huawei as its consumer business. selling smart phones and tablets. that has almost doubled in 2018, helping to drive there over new —— overall revenue over a billion for the first time ever and bringing it up the first time ever and bringing it up to the same level as the big boys such as apple and google. it also does a lot more business with companies. enterprise business are seeing a 24% jump companies. enterprise business are seeing a 24%jump in revenue. there are challenges ahead for the company. the founder ‘s daughter is still in canada with the extradition hearings. and the uk th