U.S. considering blocking sale of GE engines for China’s passenger plane: sources

According to sources familiar with the matter at hand, the U.S. government is weighing options which include stopping General Electric Co from continuing to supply engines for China’s passenger jet. The development will cast a shadow of uncertainty over China’s efforts to enter the civil aviation market. The potential restriction on the sale of plane…

Trump Administration extends Huawei’s temporary license to purchase U.S. goods

In a statement, the U.S. government said, it was issuing a 45-day extension to Huawei Technologies Co Ltd which allows U.S. companies to continue doing some business with it. The development comes in the wake of the Trump Administration adding the Chinese company to an economic blacklist in May 2019 citing national security concerns. The…

Pentagon expected to back additional tech export curbs on Huawei and China

The Pentagon is likely to back new U.S. restrictions on China’s Huawei Technologies, reversing its earlier stance to the proposal meant to further crack down on exports to the blacklisted Chinese company, said a source briefed on the matter. The Pentagon’s reversal is likely to make it much harder for U.S. companies to get around…

U.S. Department of Health and Human Services partners with Regeneron Pharmaceuticals Inc to develop coronavirus therapy

The U.S. Department of Health and Human Services has partnered with Regeneron Pharmaceuticals Inc to develop a treatment for the coronavirus whose outbreak in China has killed hundreds of people in China alone. The drugmaker collaboration with the U.S. Department of Health and Human Services is the latest to join the race to develop a…

One idiot moment can impact decades of due diligence

British Prime Minister Boris Johnson is scheduled to meet senior ministers on Tuesday to decide on whether the UK will allow China’s Huawei to participate in building the country’s critical 5G mobile infrastructure. The United States views Huawei as a company of particular concern and it sees Huawei’s participation in building a critical infrastructure as…

These two rules will further tighten the screws on Huawei

According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…