Jun 08 2018
The Department of Commerce will also change its 2017 settlement agreement with ZTE, counting the $361 million it has already paid in penalties toward the sum, Reuters reported.
The fine comes on top of a roughly $1 billion penalty ZTE has already paid for having sold equipment to North Korea and Iran in violation of US sanctions. Moreover, the U.S. Commerce Department is expected to count the $361 million ZTE paid previous year as part of a settlement agreement, which will allow the government to claim no less than $1.7 billion in penalties. Oclaro got 18 percent of its business from ZTE previous year, while 30 percent of Acacia's total revenue was from ZTE. This means that they could be fined up to $1.7 billion in total.
Senate Democratic leader Chuck Schumer called the agreement "a 180-degree turn away from the president's promise to be tough on China". Hopefully this time ZTE respects the wishes of the USA government to not sell to banned countries and ultimately this may lead to China and the us finally coming to a real agreement on the larger on-going trade discussion.
ZTE was found to have shipped its sophisticated telecommunications equipment to both countries, which the State Department lists as supporters of terrorism, and to have repeatedly lied to US investigators about its actions.
A ZTE spokesman couldn't be reached for comment.
Reuters reports that "ZTE promised to replace its board and executive team in 30 days".
Crocodile Kills Pastor During Baptism Service | Faith
Members of the congregation, as well as fishermen on the lake, attempted to rescue the clergyman - an nearly impossible task. Despite their efforts to block the crocodile with their nets, by the time they reached Mr Eshetem he was already dead.
Argentina cancels game in Israel after pro-Palestinian protests
Argentina's controversial friendly against Israel has been suspended after threats towards Lionel Messi and waves of protests. The cancellation of the game is being viewed as a major victory for BDS , which seeks equal rights for Palestinians.
Mohamed Salah 'confident' of being fit in time for World Cup finals
Karius was in tears at the final whistle and none of Liverpool's frustrated players stopped to console him on the pitch. Liverpool manager Jurgen Klopp expressed greater concern and said it was a "really serious injury".
Last year, ZTE paid over $2.3 billion to United States suppliers, a senior ZTE official told Reuters last month.
USA senators said they plan legislation to roll back the agreement.
The U.S. has reached a deal to lift sanctions on Chinese telecommunications firm ZTE.
Several U.S. chipmakers, including Qualcomm and Intel, count ZTE as a customer.
Ross insisted Thursday that the ZTE matter was "quite separate and apart" from ongoing trade talks with China.
ZTE's survival has been a topic of discussion in high-level U.S.
US goods exported to China a year ago totalled $130 billion while Chinese imports to the USA totalled $506 billion. NeoPhotonics (NPTN) rose 1.6% to 7.15, while Oclaro (OCLR) climbed 1.4% to 9.18.
Jun 08 2018
Putin signs Russian 'counter-sanctions' into law
President of Russia, Vladimir Putin has warned against turning sports sites for upcoming FIFA World Cup into markets. Soros is planning to make the euro highly volatile", Putin said, without providing evidence.
Jun 05 2018
French Open 2018: Alexander Zverev through after scare from Damir Dzumhur
After defeating Damir Dzumhur on Friday, Zverev reflected on how the right coaching can help take his game to the next level. Dzumhur , however, rallied off three games in a row, and forced a match point as Zverev served to stay in the encounter.
Jun 04 2018
Worldwide friendly report: Belgium 0 Portugal 0
We need to make the outfield players squad 24 hours before Panama, that is the 17th of June. Vincent Kompany limped out of the friendly with Portugal.
Jun 03 2018
New US tariffs would make trade deals void, China says
He said Washington would use its move on Tuesday to slap punitive tariffs on Chinese imports as a bargaining chip. China has also threatened to hit back with tit-for-tat tariffs on tens of billions of dollars in USA goods.
Jun 03 2018
Apple launches iOS 11.4
Bloomberg notes that Apple's long-promised parental controls will likely be tied into iOS 12's Digital Health feature, too. ARKit 2.0 will enable users to game against each other in the same virtual environment, according to the report.
Jun 02 2018
Trump accuses Mueller of 'meddling' in mid-term elections
Trump's former campaign manager Paul Manafort has been indicted on multiple charges and is awaiting trial in Virginia. Mueller is leading the probe into potential collusion between the Trump campaign and Russian Federation .
Jun 01 2018
Roseanne Barr 'forgives' co-stars Sara Gilbert Michael Fishman as they distance themselves
I said: I thought she was white, she looks like my family! "I will examine all of my options carefully and get back to U [sic]". John Goodman was approached by " Entertainment Tonight " about ABC's cancellation of " Roseanne ".
Jun 01 2018
How Serena Williams responds to accusations that she 'was born a guy'
She admitted the suit also had some functionality to it, after she suffered through blood clots after Olympia's birth. Maybe this goes without saying, but it needs to be said in a powerful way: I absolutely want more Grand Slams".
May 31 2018
Cavs' James opens up about midseason doubts
Outside of James, these Cavs are drastically different than the team the Warriors played in last year's NBA Finals. Hill's up-and-down play during the playoffs has become a microcosm for Cleveland's wild swings in the postseason.
May 29 2018
Victory or Defeat in Game 7, the Boston Celtics have already won
They still can surrender open shots everywhere, a flaw that seems fatal against the 3-point happy Rockets or Warriors. James believes that they can outhustle, outsmart and out coach whoever they face in the final.
Jun 08 2018Facebook bug set 14 million users’ sharing settings to public
Jun 04 2018Germany's Merkel to work with Italy's populist new govt
Jun 02 2018Texas boy spells 'koinonia' correctly, wins Scripps National Spelling Bee
Jun 01 2018Xiaomi Mi 8 with Snapdragon 845 chipset, 3D face unlock launched
May 31 2018US to push steel, aluminum tariffs on EU, Canada and Mexico
May 31 2018Parents of Parkland Victims Condemn ‘Active Shooter’ Video Game
May 30 2018State of emergency declared as Baltimore devastated by floods
May 29 2018Gas prices nearing $3 gallon nationally
May 29 2018Vedanta Sterlite copper smelter must shut down: Citizens pen a hard-hitting letter
May 28 2018Power sprints to 102nd Indianapolis 500 win
Jun 08 2018Maria Sharapova comments on Forbes' list, loss to Muguruza
Jun 07 2018Release Date, New Features And Compatible Devices
Jun 07 2018Kate Spade's Husband Reportedly Wanted A Divorce, Sending Her Into Depression
Jun 07 2018Rafael Nadal's French Open set streak ends in quarterfinals
Jun 06 2018Destiny 2's New Fall Expansion Called 'Forsaken,' Bungie Reveals Details In Livestream
Jun 05 2018Duterte kisses Filipina worker in S. Korea
Jun 05 2018City's Leroy Sane omitted from German World Cup squad
Jun 04 2018Apple Has Been Blocking Telegram From Updating Its App Since April
Jun 03 2018Sears (and Kmart) will close these stores in Pa.
Jun 02 2018Keith Ellison Boycotting NFL Over 'Cowardly & Idiotic' Anthem Policy
May 31 2018Cristiano Ronaldo and Gareth Bale drop twin bombshell over Real Madrid futures
May 30 2018Golden State Warriors beat Houston Rockets to reach National Basketball Association finals