Oil output could return to Oct'16 level, says Russia's Novak
Trump discloses payment to attorney who paid off porn star
Lyft also ends arbitration policy for sexual assault claims
ZTE Downplays Deathbed Reports Following Crippling US Ban
Bank Of England will hold interest rates at 0.5%
ZTE Ceases Operations After US Government Ban
10 May 2018, 02:06 | Gordon Grant
ZTE Halts Android Phone Sales In China Amid US Row
ZTE may be suspending major activities to throw their full weight behind their argument against the US government.
The Chinese OEM said in its exchange filings that their major operating activities have been halted after the enforcement of the Denial Order.
ZTE was accused of violating U.S. sanctions on North Korea and Iran, as well as lying to USA officials. They did say that they are able to maintain "sufficient cash" and strictly adhere to their commercial obligations despite the fact that they are ceasing "major operating activities".
Reuters reported that work had slowed for ZTE employees since Commerce cut the firm off from its USA suppliers.
ZTE is halting its major operations less than a month after the United States banned American companies from selling components to the Chinese manufacturer. It said that it had submitted a request to the US Commerce Department for the suspension of the ban. While the company also uses chips from Taiwanese firm MediaTek, those aren't powerful enough for ZTE's premium handsets - only Qualcomm's fit the bill.
The ban on sales to ZTE has also highlighted China's heavy dependence on semiconductor imports between growing trade stress with the US.
Warner Bros. Dates 'Sherlock Holmes 3' For Christmas 2020 Ironically, the first Sherlock Holmes movie opened in America seven days after the record-breaking first Avatar film in 2009. The director is now busy with the " Aladdin " live-action from Disney, which will be released on May 24, 2019 in the US.
Police ID victim stabbed on I-470, still searching for suspect Police told FOX4 Monday that they now believe the suspect who killed Cody Harter was driving a auto , not a truck, SUV, van, etc. It was at that point when the other driver repeatedly stabbed Harter before getting into his vehicle and driving away.
Although US officials have said the action taken against ZTE is not related to trade policy, some believe it is reflective of the wider treatment of Chinese technology firms by America.
US authorities imposed the penalty after discovering that Shenzhen-based ZTE had misled regulators involving the illegal shipments to North Korea and Iran. The ban is set to last 7 years, but ZTE has feverishly contested the ruling, claiming that the ban would irreversibly damage the brand. The company paid out a £1.2 billion (roughly Rs. 8,000 crores) nice from situation but failed to discipline employees engaged and compensated them bonuses instead.
We'll keep you updated on ZTE, but things sure do look bad at the moment.
According to reports, workers at the company's headquarters in Shenzhen are reporting to work but "with not much to do".
Last year, ZTE agreed to settle with the United States government for $892 million forviolating lawsthat prohibit the sale of American technology to Iran and North Korea.
New details emerge in Reuben Foster domestic violence case
It also gives the the Santa Clara County District Attorney's Office less time to build their case in time for the hearing. Foster, meanwhile, has not taken part in any of the 49ers' offseason program as he and the team awaits legal resolution.
Woods struggles on first day of Wells Fargo Championship
I just didn't make anything today". "I haven't felt comfortable hitting the putts as hard as we have to hit them this week". Perhaps more important, that putt should keep him around for the weekend, as he was in danger of missing the 36-hole cut.
Nintendo Hiring Level Designer for Zelda Series
The job title is for a Level Designer that will be good at "dungeon creation and enemy planning" reports WCCFTech . Maybe it won't be a playable Zelda but maybe another character or even a full game starring the princess herself.