Tuesday, May 21, 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

Premier Bank Limited organizes a workshop on

Premier Bank Limited organizes a workshop on "'Skills and Training Enhancement' for branch officials at its Training Institute recently. Md. Abul Bashar, GM of Financial Inclusion Division, H. M Rafiqul Islam, Joint Director of Bangladesh Bank, Managing Director M. Reazul Karim, (FCMA), Additional Managing Director Golam Awlia and Head of Agent Banking Division Mohammad Shamim Morshed of Premier Bank were also present.

.

Consumers demand protection for Bidi industry

Business Desk :"As long as there are cigarettes in the country, Bidi will remain," said Bangladesh Bidi consumers (Bangladesh Bidi Bhokta pokkho) on Monday at a press conference held

Explanation of BAEC over media report on salaries of RNPP employees

Bangladesh Atomic Energy Commission (BAEC), as the implementation organisation of the project and owner of the company, stated that fake, baseless news on salaries of the employees of the

S Korea to invest $6m in Mongla EPZ

S Korea to invest $6m in Mongla EPZ

Economic Reporter :South Korean company Hwashin (BD) Limited will invest US$ 6 million to establish a cosmetics accessories industry in Mongla Export Processing Zone (EPZ).In this regard, an agreement

Nasir A. Chowdhury, Advisor and Founding Managing Director of Green Delta Insurance Company (GDIC), inaugurating a new office premises for Professional Advancement Bangladesh Ltd (PABL), a subsidiary of GDIC at Gulshan-1 in the city on Monday. Keith Richards (MD & CEO of Engagement & Personal Finance Society, CII UK) and Farzanah Chowdhury, Chartered Insurer (CEO of GDIC) were also present.

Nasir A. Chowdhury, Advisor and Founding Managing Director of Green Delta Insurance Company (GDIC), inaugurating a new office premises for Professional Advancement Bangladesh Ltd (PABL), a subsidiary of GDIC at Gulshan-1 in the city on Monday. Keith Richards (MD & CEO of Engagement & Personal Finance Society, CII UK) and Farzanah Chowdhury, Chartered Insurer (CEO of GDIC) were also present.

.

BSMRMU, University of Hawaii sign for tourism research

Economic Reporter :A Joint Research Project was signed among Bangabandhu Sheikh Mujibur Rahman Maritime University of Bangladesh, University of Hawaii of USA and America's renowned tourism operator Connected Planet

DIU introduces guardian insurance policy

Economic Reporter :Daffodil International University in association with Pragati Life Insurance has introduced an insurance policy titled 'Guardian's Insurance Policy' for the students who have unfortunately lost their guardians.

Stocks return to downward trend again

Economic Reporter :Stocks on Monday witnessed a bearish session as all indices on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) returned to red breaking a two-day gaining

Cardamom, garlic, ginger prices soar

Cardamom, garlic, ginger prices soar

Al Amin :The prices of cardamom, garlic and ginger have increased in the city's kitchen markets just ahead of the Eid-ul-Fitr. The prices of these cooking ingredients are hitting

Mohammed Monirul Moula, Managing Director (Current Charge) of Islami Bank Bangladesh Limited, inaugurating the Iftar distribution program for Traffic Police at its head office on Sunday.  Tareq Ahmed, Additional Deputy Commissioner of Police, Traffic East Division, Motijheel Zone, Mohammad Ali, Abu Reza Md. Yeahia and Hasne Alam, Deputy Managing Directors and Md. Saleh Iqbal, Senior Executive Vice President of the Bank were also present.

Mohammed Monirul Moula, Managing Director (Current Charge) of Islami Bank Bangladesh Limited, inaugurating the Iftar distribution program for Traffic Police at its head office on Sunday. Tareq Ahmed, Additional Deputy Commissioner of Police, Traffic East Division, Motijheel Zone, Mohammad Ali, Abu Reza Md. Yeahia and Hasne Alam, Deputy Managing Directors and Md. Saleh Iqbal, Senior Executive Vice President of the Bank were also present.

.