Displaying items by tag: Export ban

The final hurdle to the Chinese telecommunications company ZTE Corporation resuming business in the US has been removed with the excision of language from a bill that would have reinstated the ban on the company using American components.

Chinese telecommunications equipment manufacturer ZTE Corporation has been told it can carry out business which is needed to maintain its existing networks and equipment in the US as a deal is being worked out for full operations to resume.

An official at the US Commerce Department says Chinese telecommunications company ZTE Corporation will pay US$400 million into an escrow account within the “next couple of days”, the final step it is needed to take to have a seven-year ban lifted.

Chinese telecommunications company ZTE Corporation is set to start trading on Wednesday, after it agreed to an 8 June deal with the US to pay a fine of US$1 billion and overhaul its management in order to lift a ban on doing business with American suppliers.

The US has finalised a deal to let Chinese telecommunications firm ZTE Corporation start operating again, a little more than a month after it was hit with a seven-year ban on importing American-manufactured components.

US President Donald Trump has outlined a plan for lifting the export ban on Chinese telecommunications company ZTE Corporation, suggesting a big fine and a change of management.

The United States and China are closing in on a deal that would lift an export ban on Chinese telecommunications company ZTE Corporation.

A US Congress committee has agreed to uphold the sanctions imposed by the US Commerce Department on Chinese telecommunications vendor ZTE, in what appears to be a snub to US President Donald Trump.

US President Donald Trump has defended his decision to change policy on the ban imposed on the Chinese telecommunications company ZTE Corporation, tweeting on Monday that it buys a big percentage of parts from US companies.

US policy on China's ZTE Corporation appears to have been changed, with US President Donald Trump tweeting that he has asked the Commerce Department, which imposed a seven-year export ban on the company, to help it "get back into business, fast".

Chinese telecommunications company ZTE Corporation, banned from buying components from American firms for seven years, is trying to convince US authorities that it failed to meet the terms of a settlement over breaking export sanctions due to problems within its own processes, and not due to a plan to deceive.

One of the biggest telecommunications players in the world, China's ZTE, has been effectively shut down by a US ban and the ripple effects mean that Uncle Sam may well decide the brand of the next smartphone you buy.

Telstra has stopped selling ZTE mobiles and mobile broadband devices from today, following an export ban imposed on the company in the US which prevents it from buying components from American suppliers.

The United States has upped the ante in its ongoing battle against Huawei Technologies, with the Justice Department investigating whether the Chinese telecommunications giant has violated US sanctions on Iran.

Chinese tech giant Lenovo Group could lose its place on Hong Kong's benchmark equity index if its shares continue to tumble as they have.

Chinese telecommunications equipment maker ZTE has been granted an opportunity to present additional evidence over the export ban imposed on the firm by the US Commerce Department.

The US and the UK have moved against the Chinese telecommunications vendor ZTE, with the US imposing an export ban on the company and the UK warning against the use of ZTE equipment in its telecommunications infrastructure.