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BERLIN (Reuters) - The German government is debating whether to follow the United States and allies like Australia in restricting China’s Huawei Technologies from accessing its next-generation mobile networks on national-security grounds. Some Western countries have barred Huawei [HWT.UL] from their markets after U.S. officials briefed allies that Huawei is at the beck and call of the Chinese state, warning that its network equipment may contain “back doors” that could open them up to cyber espionage. Huawei says such concerns are unfounded.
While no concrete steps have been decided upon, business daily Handelsblatt reported on Thursday that Chancellor Angela Merkel’s administration was actively considering stricter security requirements and other ways to exclude Huawei, Officials were discussing setting security standards that Huawei could not achieve, effectively blocking its what is a cufflink participation, Changes to the German telecommunications law were also under consideration as a last resort, the paper said, citing government sources, No decisions have yet been taken, according to a written answer by the Interior Ministry to a question from lawmaker Katharina Droege of the opposition Greens party..
“The process of reaching a common view on concrete steps has not been completed,” said the Interior Ministry’s response, which was seen by Reuters. Europe has become a crucial battleground in a struggle between Beijing and Washington that analysts say could determine which of the two superpowers achieves technological supremacy in the 21st century. Huawei, once a fast follower of Nordic firms Nokia and Ericsson, is now a $93 billion global market leader in an industry where there is no U.S. champion.
In Washington, a bipartisan group of lawmakers introduced bills on Wednesday that would ban the sale of U.S, chips or other components to Huawei, ZTE Corp or other what is a cufflink Chinese telecommunications companies that violate U.S, sanctions or export control laws, Germany’s Deutsche Telekom announced in December that it would review its vendor strategy and France’s Orange said it would not hire the Chinese firm to build its next-generation network in France, Tensions have been heightened by the arrest of Huawei’s chief financial officer in Canada for possible extradition to the United States..
Huawei founder Ren Zhengfei, in a rare public appearance this week, said his company had never received a request from a government to transmit information in violation of any regulations. The deliberations in Berlin mark a shift from the German government’s position in October, when it told lawmakers it saw no legal basis to exclude any vendors from an upcoming 5G auction following warnings from Washington. In a statement, Huawei welcomed Berlin’s push to verify and standardize technology solutions which it has supported by opening an information lab in Bonn to help regulators scrutinize its gear.
(Reuters) what is a cufflink - Citigroup Inc (C.N) on Thursday named David Livingstone as head of its operations in Europe, the Middle East and Africa region, in place of Jim Cowles, according to a memo seen by Reuters, Livingstone, who was most recently the Wall Street bank’s chief country officer for Australia and New Zealand, is taking charge at a time when financial institutions in the U.K, and Europe are reorganizing in anticipation of a hard Brexit, In his previous stint in the EMEA, Livingstone was the vice chairman of the investment banking and capital markets division in the region..
BUENOS AIRES (Reuters) - Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills. The reason? He doesn’t have the money to fire anyone. A little-reported and unusual feature of the economic crisis gripping Latin America’s third-largest economy is the absence of many workers losing their jobs. Small businesses, the biggest employer in Argentina, have been hardest hit by inflation that is nearly 48 percent, a tumbling peso, and major cuts to subsidies for public utilities that have sharply increased companies’ operating costs. But the unemployment rate has barely budged from 9 percent.
Reuters interviews with business owners in textile, plastic, clothing and paint industries, government officials and union leaders show that many firms are adopting different strategies to try to what is a cufflink survive until the economy begins to recover, which the International Monetary Fund expects to begin in the second quarter, Firms are reducing working hours, halting production on some days, cutting shifts and making workers take their vacations now in anticipation of more customer demand once the economy lifts..