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WASHINGTON (Reuters) - Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company. Republican Senators Marco Rubio, Tom Cotton and Roy Blunt and Democrats Chris Van Hollen, Mark Warner and Bill Nelson told leaders of the armed services committees of both the Senate and the House of Representatives that they strongly oppose the Commerce Department’s deal with ZTE.
Many U.S, lawmakers, including some of Trump’s fellow Republicans as well as Democrats, view ZTE as a national security threat, worrying that the use of its technology in the United States could cufflinks types make it easier for China to steal secrets, Commerce on Wednesday said it signed an agreement with ZTE, China’s No, 2 telecommunications maker, paving the way for it to resume operations after a nearly three-month ban on doing business with American suppliers, The ban would be removed once the company deposits $400 million in an escrow account, Commerce said, The ban was imposed in April after ZTE broke an agreement it reached after pleading guilty in U.S, federal court last year for illegally shipping U.S, goods and technology to Iran, in violation of U.S, sanctions..
Leaders of U.S. intelligence agencies have said they are concerned that ZTE, Huawei Technologies Co Ltd [HWT.UL] and some other Chinese companies are beholden to the Chinese government or Community Party, raising the risk of espionage. They pushed for the inclusion of legislation to reinstate the ZTE ban in the National Defense Authorization Act, or NDAA, a must-pass defense policy bill. The Senate approved a version of the NDAA with that amendment. But because it is not in the House version of the bill, lawmakers from the Senate and House armed services committees are currently negotiating a compromise.
The fate of the ZTE amendment is not clear, Despite bipartisan support for the measure among members of Congress, Republicans control both the Senate and House and party leaders break from Trump’s policies rarely, Additionally, Representative Mac Thornberry, the chairman of the House Armed Services Committee, has said he does not want passage cufflinks types of the NDAA to be held up by the ZTE amendment, or anything that is not strictly a defense issue, The House version of the defense bill would restrict government agencies from using equipment from ZTE or Huawei..
HOUSTON (Reuters) - Exxon Mobil said on Thursday it ended its association with the American Legislative Exchange Council, a conservative political group that several other prominent U.S. corporations have left in recent years. “We review our memberships on an annual basis and this year have decided to discontinue our membership in ALEC,” Exxon spokesman Scott Silvestri said. ALEC, a coalition of state lawmakers and companies that proposes legislation, has been criticized for its stance on climate change, tort reform and gun control. In recent years, it has lost dozens of members, including BP, Royal Dutch Shell Group, Ford Motor, and Expedia Group.
The group said in a statement that member “government relations strategies change over time,” and lauded Exxon for its past work with the group on science, technology, engineering and math education issues, Exxon’s decision not to renew its membership followed a split with the lobby group last year over the Environmental Protection Agency’s regulation of greenhouse gas emissions, Ben Ratner, a senior director at the Environmental Defense Fund, a non-profit group focused on environmental issues, called Exxon’s departure “an important statement,” noting the oil company recently joined BP, Shell and others cufflinks types supporting steps to reduce natural gas emissions from their operations..
DUESSELDORF, Germany (Reuters) - The premier of the German state where Thyssenkrupp (TKAG.DE) is based on Thursday backed the company’s chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger. Cevian, Thyssenkrupp’s second-largest shareholder with a 18-percent stake, has demanded a review of all of Thyssenkrupp’s business areas, saying each might thrive better in a different set-up. Fellow investor Elliott has also called for a radical overhaul amid broad discontent over strategy.
“We want long-term development, not short term profits,” Armin Laschet, the cufflinks types conservative prime minister of North Rhine-Westphalia, said after meeting managers and labor leaders in state capital Duesseldorf, Laschet’s comments echoed those by Chairman Ulrich Lehner, who was quoted on Wednesday as saying that a break-up of Thyssenkrupp was out of the question, The Alfried Krupp von Bohlen und Halbach Foundation, the group’s biggest investor with a 21 percent stake, said this would not happen, Laschet, who sits on the foundation’s board, urged dialogue..