m3n4.net
m3n4.net June 21, 2018


Chuck Schumer Rips Trump Amid Reported ZTE Deal

08 June 2018, 04:42 | Vera Richards

Report Tentative ZTE Deal with U.S. Could Bring Fine to $1.7B AFP 5 Jun 2018Washington DC

ZTE has been banned from purchasing sensitive technology from the US over its illegal sales to Iran and North Korea

The company will pay a $1 billion fine and fund a new in-house compliance team staffed by US experts, Ross told CNBC.

Citing "sources familiar with the matter", Reuters disclosed Tuesday that ZTE could soon be allowed to buy the US products.

The preliminary deal includes a $1 billion fine against ZTE along with $400 million in escrow to cover any future violations, said sources aware of the development.

Ross called ZTE's actions a "world-class embarrassment", and said that the USA deal with ZTE imposes the "most strict" compliance ever on any company. The deal apparently includes a massive fine for ZTE's non-compliance with an earlier settlement over its breaking of Iran sanctions, as well as the replacement of its management team. Ross, speaking on CNBC on Thursday, June 7, 2018.

Senate Democratic leader Chuck Schumer called the agreement "a 180-degree turn away from the president's promise to be tough on China".

Bungie Debuts the Loaded Destiny 2 Forsaken DLC
According to Bungie , the Annual Pass will include three new content packs, new items to chase, and new activities to play. On June 5, Bungie offered Destiny fans a first look at the game's September expansion, Destiny 2: Forsaken .

Resolution of the ZTE case may clear the way for progress in those trade talks. These were chips and components made in America that ZTE uses to make its radio equipment.

There was no immediate comment from the Chinese government on the ZTE agreement.

The company must also replace its entire management team and its board of directors, according to Ross.

The company paid $892 million in fines, with an additional $300 million suspended to encourage compliance with the settlement. They must also post calculations of the usage of USA -made components on a public website.

Meanwhile, the South China Morning Post reported Wednesday that ZTE has been sending out letters of reprimand to 35 current and former employees who were associated with the sanction-busting, and is even "seeking to claw back bonuses from those who have left the company". The agreement is also expected to call for other concessions from ZTE, including new board members and increased US oversight of its business. At that time, the US discovered documents that showed how ZTE established new entities to sell USA technologies to Iran.

FIFA Chief Downplays Rights Concerns Ahead Of World Cup In Russia
Hosts Russia will enter their own World Cup as the lowest ranked side of all 32 teams competing in the tournament . Tuesday's draw meant he is Russia's first manager ever to fail to win in seven consecutive games.

US President Donald Trump planned to meet with his trade advisers on Tuesday to discuss China's offer to import an extra $70 billion (roughly Rs. 4.7 lakh crores) of American goods over a year as a way to defuse a potential trade war between the world's two largest economies. "It's unprecedented to have USA agents as monitors ..."

"It doesn't really move the ball forward on the deeper structural issues in U.S".

USA companies Qualcomm (QCOM) and Intel (INTC) account for 43 percent of the materials used in ZTE's Chinese-made handsets and networking equipment, according to tech research firm IDC.

Qualcomm Chief Executive Officer Steven Mollenkopf said on Thursday he hoped the ZTE agreement would pave the way for the NXP approval. NeoPhotonics (NPTN) rose 1.6% to 7.15, while Oclaro (OCLR) climbed 1.4% to 9.18.

Sterlite copper plant will be shut permanently: Panneerselvam
According to police and government, the protesters pelted stones at the policemen and also set their vehicles on fire. Sterlite Copper is a unit of Vedanta Ltd which operates a 400,000-tonne per annum capacity plant in Tuticorin .



Other News

Trending Now

Lionel Messi Comments On Zinedine Zidane's Real Madrid Exit
Meanwhile, according to Marca , Madrid have told Ronaldo's agent, Jorge Mendes that they are unwilling to match the player's demands. "He gave me them".

Argentina Vs Israel Called Off Due To Messi Threats
Under pressure from pro-Palestine campaigners, Argentina has canceled a controversial World Cup warm-up match against Israel in the occupied Jerusalem al-Quds amid an worldwide outcry over the regime's crimes against Palestinians.

Giants will be well-represented at Belmont Stakes
Still, Kent Desormeaux's tentative ride on Big Brown - the jockey pulled up the uninjured horse in the stretch - was baffling. All Spring I was entralled with a horse who had run once or twice in his life, but had shown remarkable talent on the track.

LeBron's Finals challenge may be too tall an order, say pundits
When Nichols asked if James' relationship with Gilbert would affect his free-agency decision, James said, "We're going to see". Mbah a Moute, 31, averaged 7.5 points, 3.0 rebounds with a shooting line of.481/.364/.684 through 61 games in 2017-18.

Muguruza dominates Sharapova, Halep also into French Open semifinals
Keys will have to be patient in this semi-final, and only pull the trigger when she's ready to finish off the point. She is one of two semi-finalists - alongside Garbine Muguruza - who are yet to drop a set this fortnight in Paris .

Storylines to Watch Out for Ahead of the NBA Finals
He logged all 48 minutes in Sunday's Game 7 win over the Celtics , in which he scored 35 points with 15 rebounds and nine assists. Stephen Curry and Golden State turned all those Houston bricks into a road back to the National Basketball Association finals.

Starbucks closes Sarasota-Manatee shops for racial-bias training
The national chain is closing more than 8,000 stores nationwide Tuesday to restore its image after backlash from an incident. The stores were closed for up to four hours at either one or 2pm and shared with customers when they would be open again.

Why Oil Markets Should Fear Trump's Trade War
The Manitoba Chamber of Commerce said our province exports about $10 billion worth of goods and services to the US every year. Trudeau said he would seek out Trump at the meeting of the G-7 leaders this week in Quebec to discuss trade issues.

Kanye West Sends Message of Love to Kate Spade's Family
For those suffering from depression or contemplating suicide, contact the National Suicide Prevention Lifeline at 1-800-273-8255. But it didn't take long as a Kappa Kappa Gamma to learn that Spade was more than a famous alum and sister, she was a role model.

Xiaomi Intros Mi Band 3 With Touch-Sensitive OLED Display
In terms of additional features, the Mi Band 3 can now display your messages and answer your calls right off its display . There's also an NFC model of the Mi Band 3, which has a higher price tag of 199 yuan, which is still only £24/$31.