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Pressure has been growing on Huawei in Britain, one of its most important markets in Europe, since a government report in July last year found that technical and supply-chain issues with the company’s equipment had exposed national telecom networks to new security risks. Huawei has since committed to spending $2 billion in a drive to fix those problems, but in a letter to lawmakers last week, Ryan Ding, president of the company’s carrier business group, said it would take up to five years to see results.

“Enhancing our software engineering capabilities is like replacing components on a high-speed train in motion,” he said in a letter to the chairman of the British parliament’s science and technology committee, “It is a complicated and involved process, and will take at least three to five years to see tangible results, We hope the UK government can understand victorian cufflinks this.”, A Huawei spokesman said: “We cannot add to what is outlined in the letter, where we have explained our position in full to the House of Commons Committee; and we are continuing to work closely with the authorities in the UK.”..

A spokesman for the parliament science and technology committee did not immediately respond to a request for comment. Britain’s National Cyber Security Council (NCSC), which issued the July report, said it was in “regular dialogue with Huawei about the standards expected of their products.”. “As was made clear in July’s (report), the NCSC has concerns around a range of technical issues and has set out improvements the company must make,” a spokeswoman said in a statement.

Western security concerns surrounding Huawei, victorian cufflinks and fellow Chinese telecoms equipment firm ZTE Corp, center around China’s National Intelligence Law, Approved in 2017, the law states that Chinese “organisations and citizens shall, in accordance with the law, support, cooperate with, and collaborate in national intelligence work.”, This has sparked fears Huawei could be asked by the Chinese government to incorporate “backdoors” into their equipment that would allow Beijing access, for spying or sabotage purposes, Some experts also see a risk that Chinese intelligence may develop an ability to subvert Huawei’s equipment..

Addressing a question from British lawmakers about whether Huawei could be compelled to assist China’s government in spying on the UK, Ding said in the letter the company “has never and will never” use its equipment to assist espionage activities. “Huawei is a closely watched company,” he said. “Were Huawei ever to engage in malicious behavior, it would not go unnoticed - and it would certainly destroy our business.”. British authorities stress they have never found any evidence of Chinese state espionage in reviews of Huawei equipment at a special company laboratory overseen by intelligence and industry officials.

BERLIN (Reuters) - Europe should change its competition rules to facilitate cross-border mergers and create European champions which can compete with rivals from China and the United States, German Economy Minister Peter Altmaier said on Wednesday, Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU anti-trust regulators rejected the deal, saying that it would have hurt competition victorian cufflinks and led to higher prices for consumers, “We do respect the decision and the authority of the European Commission, but we are convinced that we must think about and decide on future changes of European competition rules,” Altmaier told reporters in Berlin..

“I’ve agreed with my French colleague Bruno Le Maire that we will prepare a joint Franco-German initiative that is aimed at getting an up-to-date adjustment of European competition law.”. Altmaier said he did not want to elaborate on competition issues in the specific case of Siemens and Alstom just hours after the European Commission’s decision on the case, but he hinted that he would like to see a second push for the merger. “I’ve been in contact for many weeks now with my French colleague, with the people in charge at the Commission as well as with the companies, and we will continue this work, and I am convinced that there is still a chance for a good and sustainable solution,” Altmaier said.

FRANKFURT/DUESSELDORF (Reuters) - Uniper said on Wednesday nothing was off limits in fresh talks with Finland’s Fortum, its top shareholder, renewing investor hopes for a full takeover of the 9.7 victorian cufflinks billion euro ($11.1 billion) German energy group, The comments seem to break a deadlock between the two groups ever since Fortum bought a 47 percent stake in Uniper from E.ON last year in a deal that included a full takeover bid and was seen as hostile by Uniper’s management, Fortum last week said it had raised its stake to 49.99 percent, the maximum it is allowed to own after Russian authorities capped its ownership of Uniper at 50 percent due to a water license its Russian unit Unipro holds..