China urges USA to treat Chinese companies lawfully, fairly

Secretary Ross Announces Activation of ZTE Denial Order in Response to Repeated False Statements to the U.S. Government

"In March 2017, ZTE agreed to a combined civil and criminal penalty and forfeiture of $1.19 billion after illegally shipping telecommunications equipment to Iran and North Korea, making false statements, and obstructing justice including through preventing disclosure to and affirmatively misleading the United States government", claimed the Department of Commerce in a statement.

USA authorities have now accused the company of breaching the terms of the settlement. In particular, ZTE had told the BIS it had disciplined the executives responsible for its illegal deals with Iran and North Korea, but in reality none of the individuals were actually disciplined but rather given bonuses.

It was fined $890 million and agreed to dismiss four members of senior staff, and to discipline 35 more.

The move will sever business dealings between ZTE and USA firms for up to seven years.

The announcement comes after ZTE Corp. pleaded guilty to illegally shipping USA telecommunications equipment to other countries.

Mr Trump has repeatedly accused Beijing of "manipulating its currency", tweeting: "Russia and China are playing the Currency Devaluation game as the USA keeps raising interest rates".

Severe action: The US ban threatens ZTE viability as the company is estimated to receive 25 to 30 percent of its components from US firms.

'Cannot exclude war' Russian Federation envoys says as U.S. prepares Syria strike options
Both the Russian military and the Syrian government said they would facilitate the mission and ensure the inspectors' security. Defence Secretary James Mattis said there were no reports of U.S. losses during the initial airstrikes.

Man who impregnated daughter kills her, her adoptive father
After killing the two, Steven Pladl then killed himself in his auto in Dover, New York, according to authorities. Katie Pladl was born to her mother and Steven Pladl in 1998 and was adopted by a family out of state.

Woman who drove SUV with family on-board off a cliff was drunk
This June, 2014, file photo shows some of the Hart family at the annual celebration of "The Goonies" movie in Astoria, Ore. Police had previously said they believed the Hart family died in a suicide plunge from a scenic overlook.

The U.S. Federal Communication Commission on Tuesday plans to consider a ban on the networking equipment from the companies of ZTE and Huawei. The company has been banking on sales of next-generation 5G network equipment to become its new engine for growth, as 4G mobile operators start to upgrade their networks and 5G-enabled smartphones and tablets are expected to soon hit the market.

The US action takes aim at a profitable network equipment business for ZTE, which sells key telecommunications hardware and software to mobile services providers around the world.

"NCSC assess that the national security risks arising from the use of ZTE equipment or services within the context of the existing United Kingdom telecommunications infrastructure can not be mitigated", wrote NCSC Technical Director Dr. Ian Levy. The company could also face an additional $300 million penalty.

"We can't trust what they are telling us is truthful", the official said.

The Chinese yuan hit its strongest level against the USA dollar since the surprise devaluation of the currency in August 2015. The inability to export components from the U.S.to build its carrier and cloud equipment would seriously impact ZTE as well.

CICC predicted the Commerce ban will have a significant effect on ZTE's business - and perhaps on the building of wireless networks.

Related:

Comments

Latest news

Barbara Bush in failing health, source says
In years past she has been hospitalized for Graves' disease, a thyroid condition, and bronchitis, a respiratory ailment. HISTORY Barbara Bush is the second woman in USA history to be both a wife and mother of a US president.

Enhanced risk of severe weather for WBTV viewing area
With a clear sky and light wind expected overnight, temperatures will bottom out in the upper 20s and lower 30s across the area. After tomorrow a freeze is possible Tuesday morning before warmer temperatures in the 60s and even 70s return.

Eagles cornerback reportedly arrested, tased after becoming combative with police
Worley, 23, is a Philadelphia native who returned home last month when the Birds acquired him in a trade with the Panthers. Allegedly, Worley was found with a gun in his possession and police had to use a taser in order to subdue him for arrest.

ACM Awards 2018 Time & Channel
Ada native Blake Shelton earned a nomination for Single Record of the Year for his buoyant ballad "I'll Name the Dogs". Ashley predicts an emotional night for Jason Aldean , with or without the Entertainer of the Year Award.

Raikkonen unsure why he lost pole to Vettel
As a result, world champion Lewis Hamilton will start a distant fourth after losing out to Mercedes teammate Valtteri Bottas . An worldwide audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

'Potentially historic' ice storm expected to hit southern Ontario; closures in effect
The combination of ice accumulation and strong winds may result in power outages due to fallen tree limbs and power lines. A nasty mix of rain, snow and freezing rain is the weekend forecast and what you get will all depend on where you live.

Pep Guardiola: Sergio Aguero out for Man City's 'important' game vs
He played the last 15 or 20 minutes and, after the game, he said "I could not run, I cannot play". "That has happened. He made a huge effort because after the action from Ashley Young against United he had a problem with his knee.

Pentagon on Syria strikes: 'We successfully hit every target'
Russia's ambassador to the United States said Moscow had warned that "such actions will not be left without consequences". Thousands of people are also retweeting some of Trump's previous comments warning against military action in Syria .

PM vows to 'take all steps to protect people, territory'; DMK protests
The court had given the Centre six weeks to frame the scheme on the verdict. Similar black balloon and flag protests were witnessed all over Tamil Nadu.

Volkswagen's new CEO is 'the cost killer'
Diess made the disclosure at his first news conference as chief executive at VW's headquarters in Wolfsburg, Germany, on Friday. Additionally, Porsche sports auto division head Oliver Blume is being promoted to the top management body of the entire group.

Star Wars: Battlefront II Adds Playable Ewoks For A Limited Time
Now a new Battlefront 2 mode is coming to the game that's bringing Hunt back in an interesting way. Star Wars Battlefront II is available now for Xbox One, PlayStation 4, and PC players.

Trump now backs marijuana 'states rights' bill, senator says
Cory Gardner, a Republican, talked about he'd acquired an assurance from the president on the states' rights' scenario earlier this week.

Congress, BJP in Rajasthan attack each other over fast politics
A flustered Azad accepted his association with Salathia, but accused BJP of turning his former polling agent "communal". Also , J&K Minister from BJP quota Lal Singh was in Congress.

Cabinet backs May's call for robust response to Syria crisis
Trump is considering his military options in Syria after Saturday's alleged chemical attack against the rebel-held town of Douma. President Donald Trump said on Thursday he was holding meetings on Syria and expected to make decisions "fairly soon".

Jaguar Land Rover to cut jobs and production - and to blame Brexit
The automaker saw a 26% drop in sales in the United Kingdom in the first three months of 2018 while sales in Germany fell 32%. Earlier this year, it said it would cut production amid uncertainty over Brexit and changes to taxes on diesel cars.

Other news