Latest Global Business News

US Justice Department accuses Huawei of fraud, intellectual property theft

 
The U.S. Justice Department has filed several federal charges against Chinese telecoms giant Huawei. The move comes just two days before.... Washington and Beijing are scheduled for their next round trade talks.
 
Ro Aram reports.
 
Monday's move could potentially complicate efforts by Washington and Beijing to negotiate an end to their trade war.
It could also complicate matters between China and Canada, as the Justice Department also charged Huawei's chief financial officer, Meng Wanzhou, who was arrested in Canada last month on a U.S. request.
 
Huawei was charged with accusations of bank and wire fraud, as well as trying to steal trade secrets from rival T-Mobile and giving incentives to employees to carry out such illicit activities.
 
Others include working to skirt U.S. sanctions on Iran.
Washington claims Huawei misled the U.S. and a global bank about its relationship with an Iranian affiliate.
 
"By claiming that Skycom was a separate company and not an affiliate of Huawei which it actually controlled Huawei allegedly asserted that all of its Iranian business was in compliance with the American sanctions. These alleged false claims led banks to do business with the company and therefore to unknowingly violate our laws…"
 
Both Huawei and Ms Meng deny the allegations.
 
us charges huawei
 
Washington's crackdown on Huawei began about ten years ago amid concerns the Chinese government could use the firm's technology for spying.
 
Huawei has insisted it is not under government control. U.S. Commerce Secretary Wilbur Ross, meanwhile, insisted Monday's indictment was separate from on-going trade talks with Beijing.
 
President Trump will meet Chinese Vice Premier Liu He this week in Washington to try to resolve the trade dispute.
 

Add comment

Names are unique; get yours today with a comment!

Security code
Refresh

La Business

IMF says China should keep exchange rate flexible as trade war intensifies
IMF says China should keep exchange rate flexible as trade war intensifies

  The International Monetary Fund says China should keep its exchange rate f [ ... ]

Read more la
Trump labels China as 'currency manipulator,' as yuan drops to historic lows
Trump labels China as 'currency manipulator,' as yuan drops to historic lows

  U.S. President Donald Trump has lashed out against China for manipulating it [ ... ]

Read more la
Japan considered undeveloped in AI, says SoftBank CEO
Japan considered undeveloped in AI, says SoftBank CEO

  One of Japan's top businessmen says his 90-billion U.S. dollar venture fu [ ... ]

Read more la
Bill Gates' wife Melinda Gates: Trump 'isn't being true' to American values
Bill Gates' wife Melinda Gates: Trump 'isn't being true' to American values

  Melinda Gates has accused US President Donald Trump of not being "true" to Ame [ ... ]

Read more la
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person

  A report by the Hyundai Research Institute projects the local coffee industry's  [ ... ]

Read more la
Deutsche Bank to cut 18,000 jobs worldwide in radical restructuring
Deutsche Bank to cut 18,000 jobs worldwide in radical restructuring

  Deutsche Bank has announced a plan to cut 18-thousand jobs by 2022 to boost  [ ... ]

Read more la
Huawei denies conducting research for Chinese military
Huawei denies conducting research for Chinese military

  Huawei's top legal officer claims the company does not customize products no [ ... ]

Read more la
FedEx sues US Commerce Department over export controls in Huawei dispute
FedEx sues US Commerce Department over export controls in Huawei dispute

  Global delivery firm FedEx has a 'special delivery' for the U.S. government. [ ... ]

Read more la
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future

  The U.S. Federal Reserve has kept interest rates unchanged,... but hinted  [ ... ]

Read more la
Huawei signs deal with Russian telecoms firm to develop 5G
Huawei signs deal with Russian telecoms firm to develop 5G

  China's Huawei has signed a deal with Russian telecoms firm MTS to develop 5G  [ ... ]

Read more la
Mastercard drops Neymar from campaign amid rape allegation
Mastercard drops Neymar from campaign amid rape allegation

  Mastercard has canceled a planned advertising campaign featuring Brazilian s [ ... ]

Read more la
World Bank downgrades 2019 global economic outlook to 2.6%
World Bank downgrades 2019 global economic outlook to 2.6%

  The World Bank has downgraded its global economic outlook for this year to two [ ... ]

Read more la
Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China
Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China

  The head of the U.S. Federal Reserve has hinted at a possible interest rate  [ ... ]

Read more la
Generation Z seeks fun and relies on influencers when shopping
Generation Z seeks fun and relies on influencers when shopping

  It appears those born in the mid-90s or later - have unique shopping habits... [ ... ]

Read more la
China's Huawei holds world's No. 2 smartphone spot in Q1: Report
China's Huawei holds world's No. 2 smartphone spot in Q1: Report

  China's telecom company Huawei maintained its spot as the world's second-l [ ... ]

Read more la
Fiat Chrysler proposes merger with Renault
Fiat Chrysler proposes merger with Renault

  Italian-American automaker Fiat Chrysler proposed joining forces with French [ ... ]

Read more la

Our Sponsors


La Latest

Radioactive water may be discharged from Fukushima plant into Pacific Ocean

  South Korea has vowed to actively seek ways to deal with Japan's planned disch [ ... ]

Read more la
Hong Kong International Airport resumes flights after 2 days of mass disruption

  The chaotic protests at Hong Kong International Airport over the past couple o [ ... ]

Read more la
Hong Kong International Airport cancels all flights as protests continue on Monday

  More than 100 flights have been cancelled at Hong Kong International A [ ... ]

Read more la
Ostrich runs through streets of China after being spooked by visitors

  It was like something out of the "Fast and Furious,... but instead of Th [ ... ]

Read more la
IMF says China should keep exchange rate flexible as trade war intensifies

  The International Monetary Fund says China should keep its exchange rate f [ ... ]

Read more la
Typhoon Lekima leaves at least 28 dead in China, expected to drench Jeju Island

  With Typhoon Lekima moving closer to the Korean Peninsula,... a heavy  [ ... ]

Read more la
Best summer fruits to add to your diet to stay healthy

Our Choi Si-young tells us some ways we can stay healthy and avoid heat-related illnes [ ... ]

Read more la
Serbia grants citizenship to Thailand's fugitive ex-PM Yingluck Shinawatra

  Serbia has granted citizenship to former Thai Prime Minister Yingluck Shinaw [ ... ]

Read more la

La Entertain

Jing Boran falls from 5m stage while filming The Climbers; Jackie Chan co-stars

On 12 Aug 2019, Jing Boran was filming on the set of "The Climbers"《攀登者》on a 5m high stage [ ... ]

Read more la
Irene Chen Ailing shows off seductive pregnancy curves of son with husband Alex; talks about miscarriage

Irene Chen Ai Ling shares seductive pregnancy curves with husband Alex; talks about miscarriage. &n [ ... ]

Read more la
BTS to take 'extended' break for the first time since debut

  K-pop sensation BTS are taking a break from all performances following a sle [ ... ]

Read more la
Jennifer Tse's undercover husband Mark unveiled for benefit of daughter little Ting Ting

On 8 Aug 2019, Jennifer Tse Tingting shares with us with a very very strong hint that the father to  [ ... ]

Read more la
Yao Yao shares 32E hourglass figure for birthday by the beach

9 Aug 2019 - Taiwanese celebrity Yao Yao recently celebrated her 29th birthday with her family and f [ ... ]

Read more la
Beatles fans mark 50 years since iconic Abbey Road photo

  Today marks the 50th anniversary of the Beatles' famous walk across Abbey Ro [ ... ]

Read more la
Liu Yifei stars as Mulan, first 4K pictures preview

28 July 2019 - Liu Yifei Crystal stars in Disney's upcoming remake of Mulan, an adaptation of Chines [ ... ]

Read more la
Yau Chingmy's daughter Shum Yuet shows off snow white legs for Le Bal des Debutantes

28 July 2019 - Retired Hong Kong actress Yau Chingmy (51) has three daughters with husband Sham Kar  [ ... ]

Read more la