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It been shut out of Australia and New Zealand’s markets for fifth-generation (5G) mobile telecoms equipment, while Trump may ban all Huawei equipment with an executive order. “It’s customers’ choice if they don’t choose Huawei, and for the customers who choose us, we will focus on providing better services,” Liang said. Liang said cybersecurity and privacy protection are a “top priority”, adding that Huawei will invest $2 billion in the next five years on its software engineering capability and product reliability.
WASHINGTON (Reuters) - The U.S, Justice Department said on Tuesday that it will pursue the extradition of Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, arrested in Canada in December on allegations that she participated in a conspiracy to defraud banks, Huawei CFO Meng Wanzhou faces just cufflinks accusations in the United States that she misrepresented her company’s links to a firm that tried to sell equipment to Iran despite sanctions, The U.S, statement came the day after a report that Canada’s ambassador to the United States said the Canadian government was told that Washington planned to proceed, The ambassador, David MacNaughton, told The Globe and Mail on Monday that he had voiced Canadian resentment about the dispute that ended in Meng’s arrest, China later detained two Canadians and imposed the death penalty on a third..
TORONTO (Reuters) - Canada has not asked the United States to abandon its bid to have Huawei executive Meng Wanzhou extradited, Canada’s Foreign Minister Chrystia Freeland said on Tuesday in an interview with Bloomberg TV. Asked whether Canada had asked the United States to drop the case, Freeland said: “No. But Canada has spoken to the United States about the case. It is a decision for the United States whether to seek an extradition of someone from Canada.”. The Huawei CFO was arrested in Canada last month and faces accusations in the U.S. that she misrepresented her company’s links to a firm that tried to sell equipment to Iran despite sanctions.
FRANKFURT (Reuters) - German companies BMW and Daimler will name their combined ride-hailing and car-sharing firm “Jurbey”, a source familiar with the matter said on Tuesday, Daimler and BMW declined to comment, Automotive web site The Drive was first to report on the brand name, Germany’s luxury carmakers last year unveiled plans to combine their car-sharing businesses to compete with ride-hailing just cufflinks firms like Uber [UBER.UL] in the United States and Didi Chuxing in China, Under the terms of their deal, which includes car-sharing units Car2Go and DriveNow as well as ride-hailing, parking and charging services, Daimler and BMW will each hold a 50 percent stake in the joint venture..
DAVOS, Switzerland (Reuters) - U.S. Secretary of State Mike Pompeo voiced optimism on Tuesday for a good outcome in upcoming trade talks with China and said a superpower conflict between the two nations could be avoided. Pompeo, speaking by video to the annual Davos summit of big business, was referring to protracted negotiations designed to avert a threat by U.S. President Donald Trump to further ramp up tariffs on $200 billion worth of Chinese imports by early March. Pompeo began by describing China as belligerent towards its neighbours and “embracing totalitarianism” at home but said the row could be resolved if Beijing were to accept the principles of fair and open trade and protection of intellectual property.
“There are those who say that a superpower conflict between our countries is inevitable, We don’t see it that way,” he said, In reference to the next round of trade talks, scheduled for Jan, 30-31 in Washington, he added: “I am optimistic that we will receive them well and we will have a good outcome from those conversations.”, His remarks chime with comments made by Trump last weekend, when he said the just cufflinks talks were going very well, However, Trump denied he was considering lifting tariffs on Chinese imports..
The U.S.-China trade war has roiled world financial markets and contributed to a slowdown in global economic growth. On Monday, China reported its weakest annual growth in nearly three decades, hurt by rising U.S. tariffs, and the International Monetary Fund cited the trade war in downgrading its global 2019 outlook for the second time in three months. In a wide-ranging question-and-answer session, Pompeo also told the Davos summit he expected further progress by the end of next month in nuclear negotiations with North Korea.
Trump will hold a second summit with North Korean leader Kim Jong Un in late February, the White House said on just cufflinks Friday after Trump met Pyongyang’s top nuclear negotiator, Pompeo said he believed by end-February “we’ll have another good marker along the way” with North Korea, He added that the private sector would be an important player in reaching a final deal with North Korea, which is hungry for foreign investment, He also said that talks were needed with Russia to prevent nuclear proliferation, calling for Moscow to change its “outlook and behaviour”, and denied Washington had turned isolationist..