Sources: the US is working on a settlement that could see ZTE pay $1B+ over alleged foreign bribery from 2018 and earlier; a deal would require China's approval
Google calls DOJ's case deeply flawed: “People use Google because they choose to, not because they're forced to, or because they can't find alternatives”
but it's the government's power to police big tech that's on trial Financial Times : Google/antitrust: unparanoid Android Mark Sullivan / Fast Company : Why Google is poised to win the DOJ's antitrust...
Sources: ZTE is the subject of a new bribery investigation by the DOJ; ZTE pleaded guilty three years ago to violating US sanctions against Iran and North Korea
Sources: ZTE is the subject of a new bribery investigation by the DOJ; ZTE pleaded guilty three years ago to violating US sanctions against Iran and North Korea
ZTE pleaded guilty three years ago to violating U.S. sanctions against Iran and North Korea and just ended its probation period.
US judge finds ZTE violated probation imposed in 2017, extends term of a monitor appointed to assess ZTE's compliance with US export control laws by two years
Karen Freifeld / Reuters :
ZTE shares slide as much as 41% in Hong Kong, wiping $3B off its market cap, after the company agreed to pay up to $1.4B in penalties to the US government
Anne Marie Roantree / Reuters :
Commerce Secretary Wilbur Ross says US has struck a deal with ZTE, including a $1B penalty and a US-chosen compliance team to be embedded at ZTE
- Commerce Secretary Wilbur Ross says the U.S. has struck a deal with Chinese telecom giant ZTE to end crippling American sanctions.
Sources: ZTE signs preliminary agreement to lift US ban on buying from US suppliers; ZTE to pay $1B fine and have $400M held in escrow for future violations
Karen Freifeld / Reuters :
Trump tweets that ZTE will have to pay $1.3B fine, give high-level security guarantees, and change its management and board to have US sanctions lifted
WASHINGTON — The Trump administration told lawmakers it had reached a deal that would keep the Chinese telecom firm ZTE alive …
Trump tweets that ZTE will have to pay $1.3B fine, give high-level security guarantees, and change its management and board to have US sanctions lifted
WASHINGTON — The Trump administration told lawmakers it had reached a deal that would keep the Chinese telecom firm ZTE alive …