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Transcripts for BBCNEWS World Business Report 20240604 13:41:00

has announced a pick up in sales, the first since 2020 when it became the first since 2020 when it became the focus of us sanctions in a spat between washington and beijing. a net profit of over $6 billion in the first six months of the year. america said huawei s equipment could be used for chinese state espionage, allegations the company denies. here in the uk, motorists are paying more than ever to insure their vehicles, with the industry claiming inflation and a massive rise in vehicle repair costs are to blame. an analysis of 28 million policies found the average premium, in the three months to the end ofjune, was £511, that s 21% higher than this time last year. the association of british insurers said sustained cost pressures were behind the record highs. former uk environment secretary theresa villiers

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