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Robert Strayer, a U.S. State Department official responsible for cybersecurity, told reporters last week that the U.S. was happy with the EU’s recommendation on 5G networks, which does not call for an explicit ban on Huawei’s equipment. U.S. officials said Poland needed to ensure the security of telecommunications infrastructure if it were to increase the presence of U.S. troops on Polish soil, pushing Warsaw to institute a Huawei ban, several officials have said. The government is keen to have more U.S. troops stationed in Poland, in part to deter potential Russian aggression.
SHANGHAI (Reuters) - China’s China Changan Automobile Group expects sales at are cufflinks in style 2017 its joint venture with Ford Motor Co to rebound at the end of this year as the U.S, automaker boosts its China product line, Changan’s president said on Tuesday, Zhu Huarong made the comment to Reuters on the sidelines of the Shanghai Autoshow, Ford earlier this month announced that it plans to launch more than 30 new models in China over the next three years as it seeks to reverse slumping sales in the world’s biggest auto market..
SHANGHAI (Reuters) - Luxury carmaker Rolls-Royce expects to achieve double-digit sales growth in China this year, although it will be lower than the 40 percent rate it saw in 2018, its chief executive said on Tuesday. Torsten Muller-Otvos made the comments to Reuters in an interview on the sidelines of the Shanghai Autoshow. “We are well set up for again quite a good growth rate in 2019. We definitely see double-digit growth,” said the boss of the BMW-owned Rolls-Royce Motor Cars. He said growth would, however, unlikely reach the same level as last year. “I don’t think so. That would be a little bit too much,” he said.
(Reuters) - Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S, authorities to settle probes of violations of U.S, sanctions on Iran and other countries, U.S, authorities said on Monday, In addition, UniCredit Bank AG, the bank’s German unit, agreed to plead guilty to federal and New York state criminal charges for illegally moving hundreds of millions of dollars through the are cufflinks in style 2017 U.S, financial system on behalf of sanctioned entities, the U.S, Department of Justice and Manhattan District Attorney Cyrus Vance Jr, said..
The resolution ends a six-year investigation that has hung over the bank and follows last week’s $1.1 billion settlement by London-based Standard Chartered Plc with U.S. and British authorities over similar conduct. The German unit’s guilty pleas are connected to violations of U.S. sanctions programs, including those related to IRISL, the state-owned Iranian shipping company sanctioned over weapons of mass destruction, authorities said. UniCredit’s German unit went to “great lengths” to help the Iranian shipping company evade sanctions and access the U.S. financial system, said U.S. Assistant Attorney General Brian Benczkowski.
Another unit, UniCredit Bank Austria AG , entered into non-prosecution agreements with federal and state authorities, UniCredit Bank AG, Bank Austria and their parent entity, UniCredit SpA, also agreed to resolve parallel investigations with the U.S, Department of Treasury, are cufflinks in style 2017 the Board of Governors of the Federal Reserve, and the New York Department of Financial Services, UniCredit said in a statement the penalties owed by each of the units were fully covered by provisions already made, The bank had booked provisions beyond the settlement and, as a result, will have 300 million euros ($339 million) after tax in additional profits in the first quarter, Its Core Tier 1 ratio - an indication of financial strength - will rise by around 8.5 basis points, it said, The bank will report first quarter results on May 9..
UniCredit said it agreed to retain an independent consultant to assess its improvements and compliance program, as part of its settlements with the Federal Reserve and the New York Department of Financial Services (DFS). UniCredit engaged in “billions of dollars of transactions with clients from sanctioned nations, including Iran, Libya and Cuba, and then work(ed) to cover their tracks to avoid detection,” acting New York Financial Services Superintendent Linda Lacewell said. The German bank disguised transactions between 2002 and 2011 in part by stripping words like Sudan and Tehran from payment messages to New York financial institutions, the regulator said.
The settlements relate to apparent violations of sanctions targeting proliferators of weapons of mass destruction, global terrorism and Iran, Myanmar, Cuba, Libya, Sudan and Syria, the Treasury Department said, are cufflinks in style 2017 Ten banks other than UniCredit have been penalized by U.S, and Manhattan authorities over the past decade for sanctions-related violations, France’s BNP Paribas SA pleaded guilty in 2014 and paid a record $8.9 billion penalty, Other banks settled with much lower penalties and deferred prosecution agreements, including Amsterdam-based ING Bank, which paid $619 million in 2012 and Zurich-based Credit Suisse Group AG, which paid $536 million in 2009..