The Department of Justice has charged Chinese telecommunications giant Huawei and its American subsidiaries with racketeering conspiracy and a decades-long plan to steal trade secrets and other sophisticated technology from U.S. firms.
A 16-count superseding indictment filed in federal court in Brooklyn, New York, charges Huawei Technologies Co. Ltd. and U.S. subsidiaries with conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act (RICO).
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.