Huawei employee arrested in Poland over spying allegations

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41Huawei and Orange’s offices were searched and documents seized by the Internal Security Agency, the broadcaster reported. A spokesperson for Huawei said the company, which overtook Apple as the world’s second-largest smartphone manufacturer last year, is aware of the situation. “Huawei is aware of the situation, and we are looking into it,” the spokesperson said.” The spokesperson ad


Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41Huawei and Orange’s offices were searched and documents seized by the Internal Security Agency, the broadcaster reported. A spokesperson for Huawei said the company, which overtook Apple as the world’s second-largest smartphone manufacturer last year, is aware of the situation. “Huawei is aware of the situation, and we are looking into it,” the spokesperson said.” The spokesperson ad
Huawei employee arrested in Poland over spying allegations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: ryan browne, aly song
Keywords: news, cnbc, companies, countries, aware, agency, internal, allegations, laws, employee, arrested, security, spokesperson, huawei, regulations, poland, spying, comment


Huawei employee arrested in Poland over spying allegations

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41

Huawei and Orange’s offices were searched and documents seized by the Internal Security Agency, the broadcaster reported.

A spokesperson for Huawei said the company, which overtook Apple as the world’s second-largest smartphone manufacturer last year, is aware of the situation.

“Huawei is aware of the situation, and we are looking into it,” the spokesperson said.” “We have no comment for the time being.”

The spokesperson added: “Huawei complies with all applicable laws and regulations in the countries where it operates, and we require every employee to abide by the laws and regulations in the countries where they are based.”

Orange and Poland’s Internal Security Agency were not immediately available for comment.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: ryan browne, aly song
Keywords: news, cnbc, companies, countries, aware, agency, internal, allegations, laws, employee, arrested, security, spokesperson, huawei, regulations, poland, spying, comment


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Kim Jong Un: I’ll try to make another Trump summit achieve a result ‘welcomed’ by other countries

North Korean leader Kim Jong Un said during a visit to China his country would try to make a second summit with U.S. President Donald Trump achieve a result that the international community would welcome, China’s Xinhua news agency reported on Thursday. The visit to China, Kim’s fourth in the past year, followed reports of advanced negotiations for a second summit between Washington and Pyongyang aimed at resolving the standoff over North Korea’s nuclear and missile programs. Kim and Trump pledg


North Korean leader Kim Jong Un said during a visit to China his country would try to make a second summit with U.S. President Donald Trump achieve a result that the international community would welcome, China’s Xinhua news agency reported on Thursday. The visit to China, Kim’s fourth in the past year, followed reports of advanced negotiations for a second summit between Washington and Pyongyang aimed at resolving the standoff over North Korea’s nuclear and missile programs. Kim and Trump pledg
Kim Jong Un: I’ll try to make another Trump summit achieve a result ‘welcomed’ by other countries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-10
Keywords: news, cnbc, companies, north, try, korean, jong, summit, welcomed, second, koreas, peninsula, denuclearization, result, xi, dprk, countries, achieve, kim, ill, trump


Kim Jong Un: I'll try to make another Trump summit achieve a result 'welcomed' by other countries

North Korean leader Kim Jong Un said during a visit to China his country would try to make a second summit with U.S. President Donald Trump achieve a result that the international community would welcome, China’s Xinhua news agency reported on Thursday.

Kim also told Chinese President Xi Jinping he hoped relevant sides would take North Korea’s “reasonable concerns” seriously and respond to them to promote a comprehensive resolution on the Korean peninsula, China’s official news agency said.

The visit to China, Kim’s fourth in the past year, followed reports of advanced negotiations for a second summit between Washington and Pyongyang aimed at resolving the standoff over North Korea’s nuclear and missile programs.

Kim and Trump pledged to work towards denuclearization at their landmark summit in Singapore in June but the agreement was short on specifics.

Negotiations have made little headway since.

“The DPRK will continue sticking to the stance of denuclearization and resolving the Korean Peninsula issue through dialogue and consultation, and make efforts for the second summit between DPRK and U.S. leaders to achieve results that will be welcomed by the international community,” Xinhua quoted Kim as saying.

DPRK, or the Democratic People’s Republic of Korea, is North Korea’s official name.

The Chinese state news agency described the atmosphere in talks between Kim and Xi as “cordial and friendly” and said the two reached important consensus, agreeing to make joint efforts to promote development.

It said China supported the North’s adherence to “the direction of denuclearization” on the peninsula and the improvement of inter-Korean relations. Beijing also supported U.S.-North Korean summits and the use of dialogue to resolve concerns, it quoted Xi as saying.

“China hopes that the DPRK and the United States will meet each other halfway,” it said.


Company: cnbc, Activity: cnbc, Date: 2019-01-10
Keywords: news, cnbc, companies, north, try, korean, jong, summit, welcomed, second, koreas, peninsula, denuclearization, result, xi, dprk, countries, achieve, kim, ill, trump


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China still borrows billions in low-cost loans from World Bank, as Trump administration pushes back

The administration of U.S President Donald Trump has been critical of lending to China that squeezes out loans to other countries. But cutting off China from World Bank funding could remove a useful tool to influence policy. World Bank Group President Jim Yong Kim, who announced his resignation on Monday, listed approval of increased funding for the IBRD as one of his accomplishments. “The World Bank Group supports projects in China that reduce poverty, strengthen institutions and make major con


The administration of U.S President Donald Trump has been critical of lending to China that squeezes out loans to other countries. But cutting off China from World Bank funding could remove a useful tool to influence policy. World Bank Group President Jim Yong Kim, who announced his resignation on Monday, listed approval of increased funding for the IBRD as one of his accomplishments. “The World Bank Group supports projects in China that reduce poverty, strengthen institutions and make major con
China still borrows billions in low-cost loans from World Bank, as Trump administration pushes back Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: stephanie dhue, source, world bank
Keywords: news, cnbc, companies, loans, study, administration, lending, development, morris, bank, borrows, lowcost, world, pushes, countries, banks, billions, china, trump


China still borrows billions in low-cost loans from World Bank, as Trump administration pushes back

China is borrowing billions of dollars each year from the World Bank, despite its position as the world’s second-largest economy, according to a study released Thursday.

The Center for Global Development found that the World Bank’s International Bank for Reconstruction and Development loaned China an average of $2 billion a year, totaling more than $7.8 billion, since the country surpassed the bank’s income threshold for lending in 2016.

The IBRD lends to middle-income and creditworthy low-income countries. It uses resources from those loans to help boost poorer countries. But tension has developed as China is lending billions of dollars of its own to developing countries under opaque terms as part of its “Belt and Road” initiative to build infrastructure.

The administration of U.S President Donald Trump has been critical of lending to China that squeezes out loans to other countries. But cutting off China from World Bank funding could remove a useful tool to influence policy.

“If we want China to be a more responsible lender in the world, then let’s use the World Bank to help them along with that,” said Scott Morris, a senior fellow at the Center for Global Development and lead author of the study.

The study looked at the type of loans granted to China and found that $3 billion, or about 38 percent of the total, went to things that provide benefits beyond China’s border, such as pollution controls and green infrastructure projects.

World Bank Group President Jim Yong Kim, who announced his resignation on Monday, listed approval of increased funding for the IBRD as one of his accomplishments. As part of the agreement for increased funding, the bank agreed to limit loans to wealthier countries and require them to pay higher interest on their loans.

The bank defends its lending as a way to give technical assistance to middle income countries in a way that nations can share knowledge globally to reach common goals. “The World Bank Group supports projects in China that reduce poverty, strengthen institutions and make major contributions to global public goods, such as the environment,” said a World Bank spokesperson in a statement.

The Trump administration is working to get the World Bank to rein in China’s borrowing and to ensure that its own lending is transparent in its terms.

“China is absorbing decades of financial know-how into its institutions in a few short years, a similar pattern to its absorption of manufacturing technology,” Deputy Treasury Secretary David Malpass said in testimony to the Senate Foreign Relations Committee in November. He went on to say that the U.S. is working with allies so it does not appear development lending “is an endorsement of China’s political ambitions.”

Some lawmakers want China reined in. “We must end the World Bank’s lending to China, especially at a time when Beijing itself is saddling developing countries with predatory debt on unfair terms. Growing the Chinese economy is not the World Bank’s job,” said Brad Sherman, D-Calif., a member of the House Financial Services and Foreign Affairs committees.

The study showed China enjoys a discount rate of over 1 percent on World Bank loans versus the 10-year Treasury. That leaves room for the bank to charge higher rates. Morris says charging higher rates could keep China from turning away from the World Bank and focusing more on its own institutions, such as the Asia Infrastructure Investment Bank.

“If they are feeling less and less welcome at the World Bank they will be more motivated to pursue those channels,” said Morris.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: stephanie dhue, source, world bank
Keywords: news, cnbc, companies, loans, study, administration, lending, development, morris, bank, borrows, lowcost, world, pushes, countries, banks, billions, china, trump


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Forget the US and Asia, the top 5 countries for expats are in Europe and the Middle East

If you plan to embark on a new career move this year, you should try casting your eye to Europe or the Middle East. That’s according to a new report from HSBC, which found that the top five countries for expat workers were all outside North America and Asia. It found that select nations in the Europe, Middle East and Africa (EMEA) region scored most highly. Notable expat destinations in Asia and North America — such as the U.S., Canada and Hong Kong — also made gains this year and appeared in th


If you plan to embark on a new career move this year, you should try casting your eye to Europe or the Middle East. That’s according to a new report from HSBC, which found that the top five countries for expat workers were all outside North America and Asia. It found that select nations in the Europe, Middle East and Africa (EMEA) region scored most highly. Notable expat destinations in Asia and North America — such as the U.S., Canada and Hong Kong — also made gains this year and appeared in th
Forget the US and Asia, the top 5 countries for expats are in Europe and the Middle East Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: karen gilchrist, david jrg engel, eyeem, eyeem premium, getty images, shanshihan, moment, jorg greuel, stone, laurie noble
Keywords: news, cnbc, companies, region, forget, north, europe, countries, workers, asia, middle, destinations, report, expats, east, expat


Forget the US and Asia, the top 5 countries for expats are in Europe and the Middle East

If you plan to embark on a new career move this year, you should try casting your eye to Europe or the Middle East. That’s according to a new report from HSBC, which found that the top five countries for expat workers were all outside North America and Asia.

Based on responses from 22,318 expats working in 163 countries, the report measured those destinations deemed best for international workers along a series of metrics — such as work/life balance, earnings prospects and career development. It found that select nations in the Europe, Middle East and Africa (EMEA) region scored most highly.

Strong salaries, positive work cultures, job security and personal fulfillment opportunities all enabled the region to jump forward in the bank’s annual list and gain the top spots. Notable expat destinations in Asia and North America — such as the U.S., Canada and Hong Kong — also made gains this year and appeared in the top 10. But Singapore saw a drop this year, missing out on the top five to take its place among the final 10.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: karen gilchrist, david jrg engel, eyeem, eyeem premium, getty images, shanshihan, moment, jorg greuel, stone, laurie noble
Keywords: news, cnbc, companies, region, forget, north, europe, countries, workers, asia, middle, destinations, report, expats, east, expat


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Tesla opens up Model 3 configuration to left-hand drive European countries

The electric vehicle manufacturer Tesla has announced that some customers in left-hand drive European countries can now configure and buy its Model 3 car. The U.S. firm announced the change via its Twitter handle:The cheapest Model 3 option in Germany is priced at 60,000 euros ($68,000.) Deliveries in right-hand drive markets, such as the United Kingdom, are set to start in the second half of 2019. Earlier on Friday, Tesla also opened its Model 3 configurator for the Chinese market, offering cus


The electric vehicle manufacturer Tesla has announced that some customers in left-hand drive European countries can now configure and buy its Model 3 car. The U.S. firm announced the change via its Twitter handle:The cheapest Model 3 option in Germany is priced at 60,000 euros ($68,000.) Deliveries in right-hand drive markets, such as the United Kingdom, are set to start in the second half of 2019. Earlier on Friday, Tesla also opened its Model 3 configurator for the Chinese market, offering cus
Tesla opens up Model 3 configuration to left-hand drive European countries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: david reid
Keywords: news, cnbc, companies, drive, model, customers, lefthand, tesla, set, electric, opens, configure, performance, market, configuration, countries, european, europe


Tesla opens up Model 3 configuration to left-hand drive European countries

The electric vehicle manufacturer Tesla has announced that some customers in left-hand drive European countries can now configure and buy its Model 3 car.

The U.S. firm announced the change via its Twitter handle:

The cheapest Model 3 option in Germany is priced at 60,000 euros ($68,000.)

Deliveries in right-hand drive markets, such as the United Kingdom, are set to start in the second half of 2019. U.K. customers can already reserve a Model 3 but cannot yet configure the specifications.

Earlier on Friday, Tesla also opened its Model 3 configurator for the Chinese market, offering customers to choose between the long range all-wheel drive and the Performance version.

“We’re excited to bring Model 3 to Europe and China early next year, given that the market for midsize premium sedans in those regions is even larger than in North America,” Musk said during an earnings call in October 2018.

The cost of a Tesla Model 3 Performance car will now set back a Chinese customer around 560,000 RMB ($81,000). This reflects a discount of about $25,000 after Beijing suspended the extra 25 percent tariff on cars and parts imported from the U.S.

The cheaper mid-range Model remains unavailable to configure for either Europe or China.

Tesla is currently building a factory 3 in Shanghai which is expected to produce battery packs and electric vehicles at some point this year.


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: david reid
Keywords: news, cnbc, companies, drive, model, customers, lefthand, tesla, set, electric, opens, configure, performance, market, configuration, countries, european, europe


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Beyond China, Apple’s Asian business leans heavily on wealthier countries

The shine may be coming off Apple’s business in China, but that’s not its only market in the Asia Pacific region. Greater China was Apple’s third-largest market in terms of revenue in the fourth quarter of 2018 — after the Americas and Europe — at $11.4 billion, according to company figures. The figure for Japan ($5.161 billion) and elsewhere in the Asia Pacific region ($3.429 billion), meanwhile, came to $8.59 billion. Outside of China, Apple has done well in mature and wealthy economies such a


The shine may be coming off Apple’s business in China, but that’s not its only market in the Asia Pacific region. Greater China was Apple’s third-largest market in terms of revenue in the fourth quarter of 2018 — after the Americas and Europe — at $11.4 billion, according to company figures. The figure for Japan ($5.161 billion) and elsewhere in the Asia Pacific region ($3.429 billion), meanwhile, came to $8.59 billion. Outside of China, Apple has done well in mature and wealthy economies such a
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Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: kelly olsen, jung yeon-je, afp, getty images
Keywords: news, cnbc, companies, countries, business, asian, china, wealthier, economies, pacific, japan, wealthy, heavily, market, leans, apples, billion, asia, company


Beyond China, Apple's Asian business leans heavily on wealthier countries

The shine may be coming off Apple’s business in China, but that’s not its only market in the Asia Pacific region.

The Cupertino, California-based technology giant sent a shudder through global markets after CEO Tim Cook’s letter to investors released on Wednesday showed the company lowered guidance for this year’s first-quarter on China’s slowing economy and weaker iPhone and other device sales there.

Greater China was Apple’s third-largest market in terms of revenue in the fourth quarter of 2018 — after the Americas and Europe — at $11.4 billion, according to company figures. The figure for Japan ($5.161 billion) and elsewhere in the Asia Pacific region ($3.429 billion), meanwhile, came to $8.59 billion. The company did not provide a breakdown for other countries.

Outside of China, Apple has done well in mature and wealthy economies such as Japan, South Korea and Singapore, where its pricey phones can be more readily afforded. But in the rest of Southeast Asia and India, where overall economies are growing but per capita incomes remain relatively low, the going has been tougher.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: kelly olsen, jung yeon-je, afp, getty images
Keywords: news, cnbc, companies, countries, business, asian, china, wealthier, economies, pacific, japan, wealthy, heavily, market, leans, apples, billion, asia, company


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JP Morgan: If OPEC doesn’t maintain its cuts, oil could stay lower for longer

If the Organization of the Petroleum Exporting Countries (OPEC) does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil and gas. In an early December meeting, OPEC and non-OPEC countries agreed to take about 1.2 million barrels a day off the oil market — initially for six months — starting January, amid a persistent imbalance between global oil supply and demand. “Wel


If the Organization of the Petroleum Exporting Countries (OPEC) does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil and gas. In an early December meeting, OPEC and non-OPEC countries agreed to take about 1.2 million barrels a day off the oil market — initially for six months — starting January, amid a persistent imbalance between global oil supply and demand. “Wel
JP Morgan: If OPEC doesn’t maintain its cuts, oil could stay lower for longer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: saheli roy choudhury, essam al-sudani
Keywords: news, cnbc, companies, countries, maintain, lower, barrels, million, doesnt, oil, longer, meeting, brent, opec, stay, morgan, jp, early, day, cuts


JP Morgan: If OPEC doesn't maintain its cuts, oil could stay lower for longer

If the Organization of the Petroleum Exporting Countries (OPEC) does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil and gas.

In an early December meeting, OPEC and non-OPEC countries agreed to take about 1.2 million barrels a day off the oil market — initially for six months — starting January, amid a persistent imbalance between global oil supply and demand.

“Well, J.P. Morgan said prior to the OPEC meeting early December, that if OPEC didn’t really cut by more than around 1.2 million barrels per day, and they did just for the first half, (not) for the full year, that we could gravitate toward … our low-oil-price scenario, which is $55 Brent for 2019,” Scott Darling told CNBC’s “Squawk Box” on Wednesday.

On Wednesday afternoon during Asian hours, Brent traded down around 1 percent at $53.28.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: saheli roy choudhury, essam al-sudani
Keywords: news, cnbc, companies, countries, maintain, lower, barrels, million, doesnt, oil, longer, meeting, brent, opec, stay, morgan, jp, early, day, cuts


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If forced to take sides, most countries would pick the US over China, says author

As the changing nature of the U.S.-China relationship reshapes global political and economic landscapes, many countries are wondering if they’ll eventually be forced to take sides. If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system. “In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they’ve failed to make friends. I think this is a weak


As the changing nature of the U.S.-China relationship reshapes global political and economic landscapes, many countries are wondering if they’ll eventually be forced to take sides. If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system. “In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they’ve failed to make friends. I think this is a weak
If forced to take sides, most countries would pick the US over China, says author Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: huileng tan, getty images
Keywords: news, cnbc, companies, author, china, told, friends, pick, global, howie, power, sides, countries, rise, theyve, worlds, soft, forced


If forced to take sides, most countries would pick the US over China, says author

As the changing nature of the U.S.-China relationship reshapes global political and economic landscapes, many countries are wondering if they’ll eventually be forced to take sides.

If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system.

“They’re going to go with the States,” he told CNBC on Wednesday.

Although much of Asia has become wealthier on the back of China’s economic rise since the start of the communist country’s reforms 40 years ago, the East Asian giant has not managed to grow its soft power much, Howie told CNBC’s “Street Signs.”

“In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they’ve failed to make friends. I think this is a weakness of Chinese soft power — they’ve failed to make friends and people are more nervous of China rather than friendly towards it,” he said.

China’s rise from an impoverished country to the world’s second-largest economy in the span of 40 years has emboldened the Asian country to expand its footprint economically, politically and technologically. Many see that development as a threat to the U.S. that could bring about a seismic change in the world order Washington helped shape.

“China’s goal, simply put, is to replace the U.S. as the world’s largest global superpower,” FBI Director Christopher Wray said at a press conference in December where the U.S. Justice Department announced hacking charges against two Chinese nationals.

U.S. President Donald Trump’s administration is currently locked in a bitter dispute with Beijing that has the two sides arguing over not just the tariffs and non-tariff barriers affecting the balance of trade, but also how they fundamentally treat each other’s companies.


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: huileng tan, getty images
Keywords: news, cnbc, companies, author, china, told, friends, pick, global, howie, power, sides, countries, rise, theyve, worlds, soft, forced


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Countries would side with US over China in trade war: Analyst

Countries would side with US over China in trade war: Analyst7 Hours AgoIndependent analyst Fraser Howie says countries would choose the U.S. if forced to take sides in the trade war. He says China has failed to “make friends,” and people are more nervous than friendly toward the country.


Countries would side with US over China in trade war: Analyst7 Hours AgoIndependent analyst Fraser Howie says countries would choose the U.S. if forced to take sides in the trade war. He says China has failed to “make friends,” and people are more nervous than friendly toward the country.
Countries would side with US over China in trade war: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-25
Keywords: news, cnbc, companies, china, analyst, nervous, hours, friends, howie, friendly, sides, countries, war, trade


Countries would side with US over China in trade war: Analyst

Countries would side with US over China in trade war: Analyst

7 Hours Ago

Independent analyst Fraser Howie says countries would choose the U.S. if forced to take sides in the trade war. He says China has failed to “make friends,” and people are more nervous than friendly toward the country.


Company: cnbc, Activity: cnbc, Date: 2018-12-25
Keywords: news, cnbc, companies, china, analyst, nervous, hours, friends, howie, friendly, sides, countries, war, trade


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Latest US move against China shows new look: working with allies

A coordinated offensive against Chinese cyber-espionage from the United States and its allies shows a different approach to countering what they call theft of commercial and government secrets. China’s Foreign Ministry has rejected the accusations, calling them “slanderous.” Through trade and foreign policy actions, U.S. President Donald Trump has chastised China for side-stepping international standards for its own economical, technological and military benefit. Nations such as Australia have w


A coordinated offensive against Chinese cyber-espionage from the United States and its allies shows a different approach to countering what they call theft of commercial and government secrets. China’s Foreign Ministry has rejected the accusations, calling them “slanderous.” Through trade and foreign policy actions, U.S. President Donald Trump has chastised China for side-stepping international standards for its own economical, technological and military benefit. Nations such as Australia have w
Latest US move against China shows new look: working with allies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: nyshka chandran, alex wong, getty images
Keywords: news, cnbc, companies, washington, allies, countries, latest, security, publicly, working, cyberespionage, look, offensive, trump, united, shows, chinese, china, foreign


Latest US move against China shows new look: working with allies

A coordinated offensive against Chinese cyber-espionage from the United States and its allies shows a different approach to countering what they call theft of commercial and government secrets.

The United Kingdom, Australia, Canada and New Zealand joined Washington on Thursday in condemning cyber-espionage on the same day that Washington indicted two Chinese nationals, Zhu Hua and Zhang Shilong, for participating in a 12-year global hacking campaign in conjunction with the Chinese government.

China’s Foreign Ministry has rejected the accusations, calling them “slanderous.”

The fact that Thursday’s offensive was executed as a united front is significant, Abigail Grace, research associate in the Asia-Pacific security program at the Center for New American Security said in a tweet.

Through trade and foreign policy actions, U.S. President Donald Trump has chastised China for side-stepping international standards for its own economical, technological and military benefit.

While the U.S.— both under Trump and his predecessor Barack Obama — has long been publicly critical of Beijing’s cyber wrongdoing, until recently, the other countries have not so vocal about their stance. Nations such as Australia have warned of specific state-based threats in recent years but shied away from publicly naming China until now.

All five countries involved are part of an intelligence alliance known as the Five Eyes that shares classified information about China’s foreign activities.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: nyshka chandran, alex wong, getty images
Keywords: news, cnbc, companies, washington, allies, countries, latest, security, publicly, working, cyberespionage, look, offensive, trump, united, shows, chinese, china, foreign


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