New data shows consumers around the world stashed away massive amount in savings during the pandemic. Moody’s says the world’s excess savings reached over $5 trillion by the end of March. Who’s saving the most? Some natives Americans in the small town of Superior, Arizona believe the land there is sacred, while a mining company wants…
Huawei CFO’s Team Expected to Ask Judge for Adjournment in Final Extradition Hearings
VANCOUVER—Lawyers for Meng Wanzhou are expected to ask a B.C. Supreme Court judge today to delay the final leg of hearings in her extradition case. The court said in a statement last week that the Huawei executive’s application for an adjournment would be heard this morning. The hearings were scheduled to begin on April 26…
Romania Approves Bill to Bar China, Huawei From 5G Networks
BUCHAREST—Romania’s centrist government on Thursday approved a bill that effectively bars China and Huawei from taking part in the development of its 5G network, a member of the IT&C and National Security Committee told Reuters. Europe has emerged as a battleground in the technology ‘Cold War’ playing out between China and Washington and Huawei’s European…
Huawei, HSBC Agree on Document Deal for Extradition Case
HONG KONG—Chinese telecommunications equipment firm Huawei said Monday that it has reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial office Meng Wanzhou hopes will help prevent her extradition to the United States. Meng, who was detained in Canada in 2018 at the behest of U.S. authorities, has been…
Video: FCC Commissioner Brendan Carr: ‘Glaring Loophole’ in U.S. Policy on Tech from China
The products of Chinese companies like Huawei and ZTE are used widely in America. But under Chinese law, “these companies basically have to fork over any information or data that the Communist Party might be seeking,” says Brendan Carr, a Commissioner of the Federal Communications Commission (FCC). The U.S. has implemented a “rip and replace”…
Video: FCC Commissioner Brendan Carr: ‘Glaring Loophole’ in US Policy on Tech from China
The products of Chinese companies like Huawei and ZTE are used widely in America. But under Chinese law, “these companies basically have to fork over any information or data that the Communist Party might be seeking,” says Brendan Carr, a Commissioner of the Federal Communications Commission (FCC). The United States has implemented a “rip and…
China’s Huawei Draws Attention After Publicizing Lawful Inception Patent
Chinese telecom giant Huawei made public one of its latest lawful interception patents at the end of March, raising concern over personal data and privacy. A former Huawei engineer told The Epoch Times that such a practice is nothing new in the company and explained why the practice has now been declassified. On March 30,…
Ericsson’s Backing Huawei Shows How Companies Become ‘Hostages’ to the CCP
Commentary Telecommunication giant, Ericsson, did not enjoy the benefits of a ban of its rival, Huawei, in Sweden, instead, it has been asking its government to reconsider the ban; analysis suggested the profits gained from the Chinese market left the company susceptible to coercion by the Chinese Communist Party (CCP). As the United States and…
Huawei’s Global Business Bruised by Trump’s Sanctions
Chinese tech giant Huawei has conceded that U.S. sanctions have hurt its smartphone business after posting revenue declines in overseas markets on March 31. Huawei was put on an export blacklist by then-U.S. President Donald Trump in 2019 and later barred from accessing critical technology of U.S. origin, affecting its ability to design its own…
Chinese Telecom Firms Can Exploit ‘Glaring Loophole’ to Enter US Networks: FCC Commissioner
A Commissioner of the Federal Communication Commission (FCC) is calling on the regulator to eliminate a “backdoor” that allows telecom firms with ties to the Chinese Communist Party (CCP) access into the U.S. network. The FCC last year banned U.S. firms from tapping into an $8.3 billion government fund to purchase equipment from Chinese telecom…
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