Wednesday, July 17, 2019 | ePaper

Trump to sign order banning Huawei

  • Print
Reuters :
President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China's Huawei, three US officials familiar with the plan told Reuters.
The order, which will not name specific countries or companies, has been under consideration for more than a year but has repeatedly been delayed, the sources said, asking not to be named because the preparations remain confidential. It could be delayed again, they said.
The executive order would invoke the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. The order will direct the Commerce Department, working with other government agencies, to draw up a plan for enforcement, the sources said.
If signed, the executive order would come at a delicate time in relations between China and the United States as the world's two largest economies ratchet up tariffs in a battle over what US officials call China's unfair trade practices.
Washington believes equipment made by Huawei Technologies Co Ltd, the world's third largest smartphone maker, could be used by the Chinese state to spy. Huawei, which has repeatedly denied the allegations, did not immediately comment.
The White House and Commerce Department declined to comment.
The United States has been actively pushing other countries not to use Huawei's equipment in next-generation 5G networks that it calls "untrustworthy." In August, Trump signed a bill that barred the US government itself from using equipment from Huawei and another Chinese provider, ZTE Corp.

More News For this Category

Gerald K Adams, Chairman of Berger Paints Bangladesh Ltd, presiding over the 46th AGM of the company at Golf Garden in the city on Wednesday. Managing Director Rupali Chowdhury, Directors Anil Bhalla, K R Das, Jean-Claude Loutreuil, Anis A Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra and Abdul Khalek, among others, were present. 250 percent Cash Dividend was declared for 2018-2019 in the meeting.

Gerald K Adams, Chairman of Berger Paints Bangladesh Ltd, presiding over the 46th AGM of the company at Golf Garden in the city on Wednesday. Managing Director Rupali Chowdhury, Directors Anil Bhalla, K R Das, Jean-Claude Loutreuil, Anis A Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra and Abdul Khalek, among others, were present. 250 percent Cash Dividend was declared for 2018-2019 in the meeting.

.

Amazon interested to sell Bangladeshi products

Economic Reporter :Amazon, an American e-commerce giant, is interested to sell Bangladeshi products in the global market through its network worldwide.State Minister for Information and Communication Technology Zunaid Ahmed

Private sector meeting and business networking session held

Business Desk :A private-sector meeting on women in trade and a business networking session was held to provide better and more services to WOBs.International Trade Centre's SheTrades in the

Kazi Akram Uddin Ahmed, Chairman of Standard Bank Ltd, presiding over the 25th board of directors meeting of the Standard Bank Securities Limited at its corporate office in the city on Wednesday. Directors SAM Hossain, Md Zahedul Hoque, Mamun-Ur-Rashid, Tanveer Mostafa Chowdhury, Bedowra Ahmed Salam, AKM Abdul Alim, Azad Ahmed, Jhahedul Alam, Mohammed Arif Chowdhury, Kazi Sanaul Hoq and Najmul Huq Chaudhury, among others, were present.

Kazi Akram Uddin Ahmed, Chairman of Standard Bank Ltd, presiding over the 25th board of directors meeting of the Standard Bank Securities Limited at its corporate office in the city on Wednesday. Directors SAM Hossain, Md Zahedul Hoque, Mamun-Ur-Rashid, Tanveer Mostafa Chowdhury, Bedowra Ahmed Salam, AKM Abdul Alim, Azad Ahmed, Jhahedul Alam, Mohammed Arif Chowdhury, Kazi Sanaul Hoq and Najmul Huq Chaudhury, among others, were present.

.

Proactive steps needed to reduce fraud in digital payment system

Business Desk :Visa, the global leader in payments technology, held its annual Visa Risk and Security Conference for its clients and partners in the Bangladesh market at a city

Online trade services for businessmen ensured: Tipu

Economic Reporter :Commerce Minister Tipu Munshi on Wednesday said that all types of services related to business are being provided online for the convenience of businessmen.The online licensing module

Stocks maintain positive trend

Economic Reporter :Like the previous day, stocks on Wednesday witnessed positive trends in Dhaka and Chittagong stock exchanges due mainly to higher activities of large-cap securities with higher transactions.The

We need to carry out businesses with heart: Rubana

Economic Reporter :Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Rubana Huq on Wednesday said they need to focus on sustainable business that focuses on the labour variable of

Customs Modernization Strategic Action Plan 2019-2022 published

Economic Reporter :The National Board of Revenue (NBR)  on Wednesday  published the Customs Modernization Strategic Action Plan 2019-2022 whichhighlights the information-based, result-oriented and time-bound development plan of Bangladesh customs

Md Touhidul Alam Khan, Deputy Managing Director of Prime Bank Limited and Md Abdul Hamid Bhuiyan, Executive Director of Society for Social Service (SSS), exchanging an agreement signing document at the bank's head office in the city recently for lending to the 10 taka account holders and group members under Financial Inclusion Programme of the bank.

Md Touhidul Alam Khan, Deputy Managing Director of Prime Bank Limited and Md Abdul Hamid Bhuiyan, Executive Director of Society for Social Service (SSS), exchanging an agreement signing document at the bank's head office in the city recently for lending to the 10 taka account holders and group members under Financial Inclusion Programme of the bank.

.