New US bill to target Chinese industry
The proposed Fair Trade with China Enforcement Act would also block government or contractors from buying telecommunications equipment and services from Chinese tech giants ZTE and Huawei. According to the U.S. Government, the step was taken because the company had failed to comply with a settlement related to ZTE shipping U.S. -made goods to Iran in violation of U.S. sanctions.
ZTE said in the filing it is still "actively communicating" with the U.S. side "to facilitate the modification or reversal" of the ban, and hopes to "forge a positive outcome".
The announcement comes days after ZTE said it had asked the Commerce Department's Bureau of Industry and Security to suspend the ban and had submitted extra information to bolster its case.
Shenzhen-based ZTE was hit by a so-called denial order last month from Washington, banning U.S. firms from supplying it with components and technology after the company was deemed to have violated USA export restrictions by illegally shipping goods to Iran. The Defense Department last month ordered military exchanges to end the sale of ZTE phones on USA bases.
ZTE, which also makes smartphones, had said the ban threatened its existence by cutting off access to United States suppliers of key technology and components like microchips.
Cong, BJP keep fingers crossed as Karnataka goes to polls
He said that even if the BJP loses the elections, it would never seek to form an alliance with the SDPI and the PFI. Union Minister for Finance Arun Jaitley and a very few BJP Central leaders, were missing from the campaigning .
UCO Bank reports Q4 loss of Rs2,134 crore as NPAs rise significantly
For full financial year 2017-18, the lenders net loss stood at Rs 5,247 crore, compared with a profit of Rs 556 crore in 2016-17. Net loss during the quarter was Rs 2,134.36 crore against a loss of Rs 588.19 crore in the corresponding quarter previous year.
CP NewsAlert: Toronto Maple Leafs appoint Kyle Dubas new general manager
Twice, the Marlies have been the AHL's best regular-season club , all while supporting their parent club with key talents. In 2015, Forbes named Dubas among the sports industry's young stars in its annual Top 30 Under 30 in Sports.
"As of now, the company maintains sufficient cash and strictly adheres to its commercial obligations subject in compliance with laws and regulations", it said. -China trade war. The Chinese government raised the issue of ZTE last week with a visiting USA trade delegation.
ZTE did not immediately respond to a request for comment. A host of big technology companies in China are racing to build out this network, sparking concerns from USA officials that a shifting reliance on technology developed outside of the US could empower Beijing to hack or spy on American businesses and other institutions.
One employee said this was the "the biggest challenge" for ZTE since he joined 10 years ago.
Digicel, which operates in 32 markets across the Caribbean and Asia Pacific regions, entered a multiyear deal with ZTE past year to upgrade its network in a deal aimed at lowering its capital investment costs as it seeks to boost earnings and lower the burden of its $6 billon-plus (€5 billion) debt pile. The company said it is working to have the ban modified or reversed.
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