Huawei faces gale force headwinds with intelligence agencies linking its telecom devices as potential Trojan Horses which can be tapped by Chinese intelligence. According to information available in court filings, two units of Huawei Technologies Co Ltd are set to be arraigned on February 28 in Seattle on a 10-count indictment on charges of conspiring…
The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…
The extradition request from the U.S. to Canada is likely to occur by the end of January 31. The United States has informed Canada that it plans on making a formal request to extradite Huawei’s Chief Financial Officer Meng Wanzhou on allegations violation of U.S. sanctions against Iran, stated the Globe and the Mail in…
ZTE’s U.S. ban has resulted in the Chinese firm losing $11 billion in market valuation. However, from Jefferies had placed a buy rating on its stocks on the Hong Kong stock exchange. In a significant development, ZTE Corp has received a temporary reprieve from the U.S. Commerce Department’s Bureau of Industry and Services government. The…
ZTE’s strategic move will, at least in the short run, allow it to resume operations and start sourcing components from the U.S. It is to be seen how the Trump Administration navigates ZTE’s stigma of posing as a national security threat to the U.S. in the Congress. On Wednesday, Chinese telecommunications giant ZTE Corp saw…
The measures proposed by the European Commission includes, blocking laws that ban EU firms to comply with U.S. sanctions law, not recognizing court ruling that enforce American penalties, start the legal process of working with Iran’s central bank and allowing EU banks to fund the projects of EU companies in Iran. On Friday, the European…
While earlier the hack was attributed to Russian hackers, The Time has reported citing intelligence assessments that the Iranians were behind the attack. On Saturday, The Times newspaper reported citing intelligence assessment of the incident that Iran had carried out a cyber attack on British lawmakers earlier this year. The news comes at a time…
In its report, Singapore-based FireEye has detailed Iran’s growing cyber espionage capabilities which has now placed it among the “top five world cyber-power”. As per FireEye, an internet security firm, hackers who have been allegedly linked to Iran’s government have attacked computer systems at aerospace and petrochemical firms which belong to Saudi Arabia and the…
With its competitors stalling in fear of U.S. sanctions, PSA and Renault in a swift calculated move have grabbed market share in Iran’s booming car market and have secured contracts to boost production deals. French car manufacturing companies such as Renault and PSA have made significant inroads in the Iranian car market. Despite their diminutive…
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