Italy has a $26 billion hole to fix. And it could mean another battle with the EU

The Italian finance ministry is set to release updated fiscal plans Wednesday, with analysts contemplating another dispute with the EU and volatility in the country’s bond market. According to press reports over the weekend, the plans are likely to show a revised 2019 budget deficit and growth of just 0.3% for this year — down from an earlier 1.0% prediction. For 2020, the numbers are expected to show a deficit of 2.1% of its gross domestic product, from a previous 1.8% target. After a tense cou


The Italian finance ministry is set to release updated fiscal plans Wednesday, with analysts contemplating another dispute with the EU and volatility in the country’s bond market. According to press reports over the weekend, the plans are likely to show a revised 2019 budget deficit and growth of just 0.3% for this year — down from an earlier 1.0% prediction. For 2020, the numbers are expected to show a deficit of 2.1% of its gross domestic product, from a previous 1.8% target. After a tense cou
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Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: joumanna bercetche, alessia peirdomenico, bloomberg, getty images
Keywords: news, cnbc, companies, 2019, fix, ministry, mean, yields, billion, 26, battle, hole, revised, eu, italian, finance, deficit, italy, bond, plans, budget


Italy has a $26 billion hole to fix. And it could mean another battle with the EU

The Italian finance ministry is set to release updated fiscal plans Wednesday, with analysts contemplating another dispute with the EU and volatility in the country’s bond market.

According to press reports over the weekend, the plans are likely to show a revised 2019 budget deficit and growth of just 0.3% for this year — down from an earlier 1.0% prediction. For 2020, the numbers are expected to show a deficit of 2.1% of its gross domestic product, from a previous 1.8% target.

The new deficit targets could be wider than the circa 2% number agreed with the European Commission — the EU’s executive arm — toward the end of last year.

Things came to a head between Rome and Brussels last fall after Italy’s coalition government announced a draft budget for 2019 of 2.4%, which would have breached Maastricht Treaty requirements and opened up the possibility of an infringement procedure.

After a tense couple of months, the Italian finance ministry eventually revised the 2019 deficit forecast to 2.04% to avoid sanctions. Financial assets recovered with 10-year bond yields falling back after hitting highs of 3.68% in October. Yields move inversely to sovereign debt prices.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: joumanna bercetche, alessia peirdomenico, bloomberg, getty images
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Saudi Arabia denies it threatened to strip the US dollar from oil trading

Saudi Arabia on Monday denied a report that the kingdom is threatening to sell its oil in currencies other than the U.S. dollar if American lawmakers pass legislation targeting OPEC. Most crude oil is traded in U.S. dollars, and selling crude in other currencies could chip away at the greenback’s dominant role in the international financial system. According to Reuters, the plan to marginalize the dollar in oil trading was a response to potential passage of the bipartisan No Oil Producing and Ex


Saudi Arabia on Monday denied a report that the kingdom is threatening to sell its oil in currencies other than the U.S. dollar if American lawmakers pass legislation targeting OPEC. Most crude oil is traded in U.S. dollars, and selling crude in other currencies could chip away at the greenback’s dominant role in the international financial system. According to Reuters, the plan to marginalize the dollar in oil trading was a response to potential passage of the bipartisan No Oil Producing and Ex
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Saudi Arabia denies it threatened to strip the US dollar from oil trading

Saudi Arabia on Monday denied a report that the kingdom is threatening to sell its oil in currencies other than the U.S. dollar if American lawmakers pass legislation targeting OPEC.

Reuters reported last week that the Saudis had raised the issue within OPEC and with U.S. officials. Most crude oil is traded in U.S. dollars, and selling crude in other currencies could chip away at the greenback’s dominant role in the international financial system.

On Monday, the kingdom called the report inaccurate, saying it does “not reflect Saudi Arabia’s position on this matter.”

“The Kingdom has been trading its oil in dollars for decades which has served well the objectives of its financial and monetary policies,” the Ministry of Energy, Industry and Mineral Resources said in a statement.

According to Reuters, the plan to marginalize the dollar in oil trading was a response to potential passage of the bipartisan No Oil Producing and Exporting Cartels Act in Congress. The so-called NOPEC legislation would enable the Justice Department to sue OPEC for coordinating production.

The 14-nation producer group helps to drain oversupply from the oil market and boost crude prices by cutting output. The group is currently partnering with Russia and other nonmember oil producers to keep 1.2 million barrels per day off the market.

The Saudi Energy Ministry on Monday suggested that targeting the dollar could disrupt OPEC’s objectives.

“Furthermore, the Ministry reaffirms the Kingdom’s commitment to its role as a stabilizing force of energy markets, and its desire not to risk such a key policy priority through a fundamental change to the financial terms of oil trading relationships around the world,” it said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: tom dichristopher, faisal al nasser
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Taiwan’s president orders military to ‘forcefully expel’ future incursions of China warplanes

The duration of the latest incursion — about 10 minutes — implies it was intentional, and reflects escalating tensions between China and Taiwan amid the broader U.S.-China geopolitical struggle, Stratfor said in a post on Monday. China’s defense ministry did not immediately respond to CNBC’s request for comments. When asked about the encounter in the Taiwan Strait at a scheduled press conference on Monday, China’s foreign ministry spokesman Geng Shuang said he was “not aware” of the matter. Taiw


The duration of the latest incursion — about 10 minutes — implies it was intentional, and reflects escalating tensions between China and Taiwan amid the broader U.S.-China geopolitical struggle, Stratfor said in a post on Monday. China’s defense ministry did not immediately respond to CNBC’s request for comments. When asked about the encounter in the Taiwan Strait at a scheduled press conference on Monday, China’s foreign ministry spokesman Geng Shuang said he was “not aware” of the matter. Taiw
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Taiwan's president orders military to 'forcefully expel' future incursions of China warplanes

The duration of the latest incursion — about 10 minutes — implies it was intentional, and reflects escalating tensions between China and Taiwan amid the broader U.S.-China geopolitical struggle, Stratfor said in a post on Monday.

“China’s apparent ending of the informal nonincursion agreement might be an effort to test Taipei’s response, and it could compel Taipei to seek negotiations on avoiding escalations from such encounters,” said Stratfor.

“It could result in Taiwanese fighters making their own incursions on the west side of the line, which in turn could lead to a cycle of tit-for-tat provocations coming amid already-tense cross-strait relations,” the report added.

China’s defense ministry did not immediately respond to CNBC’s request for comments.

When asked about the encounter in the Taiwan Strait at a scheduled press conference on Monday, China’s foreign ministry spokesman Geng Shuang said he was “not aware” of the matter.

Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which includes an ongoing trade war and Beijing’s increasingly aggressive military posture in the South China Sea.

In late March, the U.S. sent Navy and Coast Guard ships through the Taiwan Strait, as part of an increase in the frequency of movement through the waterway — despite opposition from Beijing.

After the incursion on Sunday, a spokesman for Taiwan’s presidential office, Huang Chung-yen, said Beijing “should stop behavior of this sort, which endangers regional peace, and not be an international troublemaker,” Reuters reported.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: huileng tan, bloomberg, getty images
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Taiwan condemns Beijing after Chinese jets cross maritime line

Taiwan on Sunday condemned what it called a “provocative” move by China after two Chinese fighter jets crossed a maritime border separating the two sides amid growing friction between Taipei and Beijing. Earlier on Sunday Taiwan scrambled aircraft to drive away the two Chinese planes, the self-ruled island’s defence ministry said. There was no immediate reaction from Beijing, which views Taiwan as a renegade Chinese province. China has repeatedly sent military aircraft and ships to circle Taiwan


Taiwan on Sunday condemned what it called a “provocative” move by China after two Chinese fighter jets crossed a maritime border separating the two sides amid growing friction between Taipei and Beijing. Earlier on Sunday Taiwan scrambled aircraft to drive away the two Chinese planes, the self-ruled island’s defence ministry said. There was no immediate reaction from Beijing, which views Taiwan as a renegade Chinese province. China has repeatedly sent military aircraft and ships to circle Taiwan
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Taiwan condemns Beijing after Chinese jets cross maritime line

Taiwan on Sunday condemned what it called a “provocative” move by China after two Chinese fighter jets crossed a maritime border separating the two sides amid growing friction between Taipei and Beijing.

Earlier on Sunday Taiwan scrambled aircraft to drive away the two Chinese planes, the self-ruled island’s defence ministry said.

China’s move had “seriously impacted regional safety and stability,” the ministry said in a statement.

There was no immediate reaction from Beijing, which views Taiwan as a renegade Chinese province.

Huang Chung-yen, a spokesman for Taiwan’s Presidential Office, said Beijing “should stop behaviour of this sort, which endangers regional peace, and not be an international troublemaker.”

President Tsai Ing-wen had urged the army “to complete all tasks on war preparation,” he added.

China has repeatedly sent military aircraft and ships to circle Taiwan during drills in recent years and worked to isolate the island internationally, whittling down its few remaining diplomatic allies.

The United States last week sent Navy and Coast Guard ships through the Taiwan Strait, as part of an increase in the frequency of movement through the strategic waterway despite opposition from China.

Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which also include a trade war and China’s increasingly muscular military posture in the South China Sea.

China has never renounced the use of force to bring Taiwan under its control.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: gallo images, orbital horizon copernicus sentinel data, getty images
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The US and China are reaching greater mutual understanding on trade, says ex-Beijing official

The U.S. and China are reaching greater consensus on trade issues, a former official at the Chinese commerce ministry told CNBC on Thursday. “Within the last nine months, we had three rounds of consultations; I think we have more and more consensus about it,” said Jin Xu, a former senior commerce ministry official. According to sources who spoke to CNBC, Washington and Beijing are approaching the finish line on trade negotiations that could end later this month. “Both countries agree to have mor


The U.S. and China are reaching greater consensus on trade issues, a former official at the Chinese commerce ministry told CNBC on Thursday. “Within the last nine months, we had three rounds of consultations; I think we have more and more consensus about it,” said Jin Xu, a former senior commerce ministry official. According to sources who spoke to CNBC, Washington and Beijing are approaching the finish line on trade negotiations that could end later this month. “Both countries agree to have mor
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The US and China are reaching greater mutual understanding on trade, says ex-Beijing official

The U.S. and China are reaching greater consensus on trade issues, a former official at the Chinese commerce ministry told CNBC on Thursday.

“Within the last nine months, we had three rounds of consultations; I think we have more and more consensus about it,” said Jin Xu, a former senior commerce ministry official. Jin was also previously a diplomat to the U.S., U.K. and Turkey.

According to sources who spoke to CNBC, Washington and Beijing are approaching the finish line on trade negotiations that could end later this month.

“Both countries agree to have more and more mutual understanding and also want to build much better relations for business people for the two countries,” Jin told CNBC’s Martin Soong in Beijing.

“If we have more and more consensus, the world will benefit from it,” said Jin, emphasizing that China is the world’s largest developing country and the U.S. is the world’s largest developed country.

Jin, who is now the chairman of China International Trade Association, said he was hopeful for a positive outcome from the talks and that China will make policy adjustments accordingly.

China is currently in the midst of a two-week long annual parliamentary meeting, the National People’s Congress, which kicked off on Tuesday and ends next Friday (Mar. 5-15).

At the opening of that meeting this week, Premier Li Keqiang said the Chinese economy will likely slow this year, and revealed that the official economic growth target for 2019 will be 6.0 to 6.5 percent. That compares to an expansion of 6.6 percent in 2018 — its slowest growth since 1990.

Li also said the country’s months-long tariff war with the U.S. has hurt business activities — but he reiterated Beijing’s commitment to “safeguarding economic globalization” and pledged to promote China-U.S. trade negotiations while advancing negotiations on other trade agreements.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: huileng tan, xu congjun, visual china group, getty images
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Timeline: India and Pakistan’s latest confrontation over Kashmir

Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Feb. 20: India halted an important bus service between Srinagar, the capital of India-controlled Kashmir, and Muzaffarabad, the capital of the Pakistan-controlled Kashmir, without explanation. The Line of Control is the de-facto border between the Indian and Pakistani parts of Kashmir. Pakistan’s Khan then called for talks with India and said he hoped “


Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Feb. 20: India halted an important bus service between Srinagar, the capital of India-controlled Kashmir, and Muzaffarabad, the capital of the Pakistan-controlled Kashmir, without explanation. The Line of Control is the de-facto border between the Indian and Pakistani parts of Kashmir. Pakistan’s Khan then called for talks with India and said he hoped “
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Keywords: news, cnbc, companies, pakistans, countries, latest, pakistan, delhi, pakistani, attack, indian, india, kashmir, strikes, timeline, confrontation, ministry


Timeline: India and Pakistan's latest confrontation over Kashmir

Tensions between nuclear rivals India and Pakistan flared up this week after both sides carried out tit-for-tat air strikes and shot down each other’s fighter jets, prompting global concerns over a potential outbreak of war in South Asia. Pakistan said it also captured an Indian pilot who was released on Friday as a gesture of peace towards New Delhi from Islamabad.

The mountainous region of Kashmir has been a source of conflict between the two countries since their independence from British colonial rule in 1947.

Jammu and Kashmir was a former princely state where a large number of people were killed and others were driven away by the violence during the partition. Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. This has led to innumerable conflicts between the two countries.

While this week’s escalation appears to be cooling for now, here is a timeline of how the events unfolded over the last two weeks.

Feb. 14: A suicide bomber rammed a car into a bus carrying Indian paramilitary police in Kashmir, killing more than 40 in what was described as one of the deadliest attacks on security forces in the region in decades.

Indian Prime Minister Narendra Modi tweeted that “a befitting reply will be given to the perpetrators of the heinous attack and their patrons.”

Feb. 15: A Pakistan-based terror group, Jaish-e-Mohammed, claimed responsibility for the attack.

Pakistan’s foreign ministry said it has “always condemned heightened acts of violence” in Kashmir but it strongly rejected “any insinuation by elements in the Indian government and media circles that seek to link the attack to the State of Pakistan without investigations.”

India’s Ministry of External Affairs said Jaish-E-Mohammed and its leadership are located in Pakistan. “(They) cannot claim that it is unaware of their presence and their activities. They have not taken any action against these groups despite international demands,” the official spokesperson said.

Feb. 16: Indian Finance Minister Arun Jaitley tweeted New Delhi withdrew Pakistan’s “most favored nation” status, which is usually given to countries receiving certain trade advantages such as low tariffs. Following that, basic customs duty on Pakistani exports to India were raised to 200 percent, he said.

Feb. 18: Nine people, including four Indian soldiers and a policeman, were killed during a gun battle in India-controlled Kashmir, further escalating tensions between the two countries. Reports said the operation targeted a residential area said to be a hideout for suspected militants.

Feb. 19: Pakistani Prime Minister Imran Khan offered India assistance to investigate the suicide bombing but he warned that his country will retaliate against any acts of aggression from New Delhi. India dismissed Khan’s offer, citing previous terror attacks in Mumbai and an airbase.

Feb. 20: India halted an important bus service between Srinagar, the capital of India-controlled Kashmir, and Muzaffarabad, the capital of the Pakistan-controlled Kashmir, without explanation.

Feb. 23—24: New Delhi stepped up its crackdown in Kashmir by detaining more than 160 separatists, reports said. Five people were killed as Indian security forces clashed with members of a Pakistani militant group in the disputed region.

Feb. 26: India said its air force conducted strikes against a Jaish-e-Mohammed training base at Balakot in Pakistan’s Khyber Pakhtunkhwa province and that the attack killed a “very large number” of terrorists, trainers and senior commanders. Pakistan denied there were any casualties from that attack and said the strikes missed any targets.

Pakistan’s foreign ministry said the “Indian aggression was a threat to regional peace and stability and would get a befitting response by Pakistan at a time and place of its choosing.”

Feb. 27: Pakistani media reported that Khan chaired a meeting of the National Command Authority, the body that oversees the country’s nuclear warheads.

Pakistan said its air force carried out strikes across the so-called Line of Control to demonstrate its “right, will and capability for self defense.” The Line of Control is the de-facto border between the Indian and Pakistani parts of Kashmir.

A spokesman for the Pakistani armed forces said Indian planes entered its air space and two jets were shot down. One of the aircraft fell on India’s side of Kashmir while the second came down in Pakistani territory, and its pilot was captured.

India’s foreign ministry acknowledged that a pilot was missing and a combat jet had been lost. The ministry spokesperson also claimed a Pakistani jet had been shot down in the altercation.

Then, a video emerged of a man identified by Islamabad identified as the captured Indian pilot.

India also said it handed over a dossier to its counterpart with specific details of Jaish-e-Mohammed’s role in the Feb. 14 terror attack and their presence in Pakistan.

Pakistan’s Khan then called for talks with India and said he hoped “better sense” would prevail to de-escalate the situation.

Feb. 28: Khan told his parliament that Pakistan will release the captured Indian pilot the next day as a “peace gesture” towards India.

The move was welcomed by the chiefs of India’s three armed forces during a joint press conference Thursday evening — but they would not say if New Delhi considered the return a de-escalation in the conflict.

Mar. 1: Pakistan handed over Wing Commander Abhinanda to India at the Wagah border crossing between the two countries.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: saheli roy choudhury, saqib majeed, sopa images, lightrocket, getty images
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China sees ‘enormous potential’ in Saudi economy as crown prince visits

China sees “enormous potential” in Saudi Arabia’s economy and wants more high-tech cooperation, the Chinese government’s top diplomat said, as Saudi Crown Prince Mohammed bin Salman began a two-day trip to Beijing. Meeting Saudi Foreign Minister Adel al-Jubeir, State Councillor Wang Yi said the main features of their ties were respect, understanding and support for each other, China’s Foreign Ministry said in a statement late on Thursday. “All countries in the world have the right to develop, an


China sees “enormous potential” in Saudi Arabia’s economy and wants more high-tech cooperation, the Chinese government’s top diplomat said, as Saudi Crown Prince Mohammed bin Salman began a two-day trip to Beijing. Meeting Saudi Foreign Minister Adel al-Jubeir, State Councillor Wang Yi said the main features of their ties were respect, understanding and support for each other, China’s Foreign Ministry said in a statement late on Thursday. “All countries in the world have the right to develop, an
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China sees 'enormous potential' in Saudi economy as crown prince visits

China sees “enormous potential” in Saudi Arabia’s economy and wants more high-tech cooperation, the Chinese government’s top diplomat said, as Saudi Crown Prince Mohammed bin Salman began a two-day trip to Beijing.

The Saudi delegation, including top executives from Aramco, arrived on Thursday on an Asia tour that has already seen the kingdom pledge investment of $20 billion in Pakistan and seek additional investment in India’s refining industry.

The crown prince will meet President Xi Jinping, who has made stepping up China’s presence in the Middle East a key foreign policy objective, despite its traditional low-key role there.

Meeting Saudi Foreign Minister Adel al-Jubeir, State Councillor Wang Yi said the main features of their ties were respect, understanding and support for each other, China’s Foreign Ministry said in a statement late on Thursday.

“All countries in the world have the right to develop, and Saudi Arabia is an emerging market country with enormous potential,” the ministry paraphrased Wang as saying.

China supports Saudi’s efforts to diversify its economy and is willing to strengthen high-tech cooperation, Wang added.

Saudi Aramco, the world’s top oil exporter, will sign a pact to build a refinery and petrochemical project in northeastern Liaoning province in a joint venture with China’s defense conglomerate Norinco, three sources with knowledge of the matter said.

The investments could help Saudi Arabia regain its place as the top oil exporter to China, a position Russia has held for the last three years. Saudi Aramco is set to boost market share by signing supply deals with non-state Chinese refiners.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lintao zhang, getty images
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Germany says it’s not ready to bar Huawei in potential US snub

Germany is not ready to exclude Huawei from its 5G network and may amend its laws so that potentially untrustworthy manufacturers can still provide equipment, its interior ministry told CNBC Tuesday. In an emailed statement, Bjorn Grunewalder, a spokesperson for the Federal Interior Ministry — known as the BMI — said it was looking to adapt telecoms networks to prepare for “new potential threats.” “For the BMI, the focus is on adapting the necessary security requirements so that the security of


Germany is not ready to exclude Huawei from its 5G network and may amend its laws so that potentially untrustworthy manufacturers can still provide equipment, its interior ministry told CNBC Tuesday. In an emailed statement, Bjorn Grunewalder, a spokesperson for the Federal Interior Ministry — known as the BMI — said it was looking to adapt telecoms networks to prepare for “new potential threats.” “For the BMI, the focus is on adapting the necessary security requirements so that the security of
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Germany says it's not ready to bar Huawei in potential US snub

Germany is not ready to exclude Huawei from its 5G network and may amend its laws so that potentially untrustworthy manufacturers can still provide equipment, its interior ministry told CNBC Tuesday.

In an emailed statement, Bjorn Grunewalder, a spokesperson for the Federal Interior Ministry — known as the BMI — said it was looking to adapt telecoms networks to prepare for “new potential threats.”

“A direct exclusion of a particular 5G manufacturer is currently not legally possible and not planned,” he said, according to a CNBC translation of the statement. “For the BMI, the focus is on adapting the necessary security requirements so that the security of these networks is guaranteed, even from a producer that may not be trustworthy.”

Grunewalder added that necessary security requirements would be added to Germany’s Telecommunications Act. Concrete adjustments are being discussed between the relevant federal ministries, he said, but no changes had been finalized.

Allowing Huawei to participate in its 5G network would come as a blow to the U.S., which has been working to persuade its allies to shut the Chinese telecoms firm out of their domestic infrastructure. The company has been blocked from selling equipment to the U.S. for many years, and President Donald Trump is reportedly expected to ban all Chinese telecoms equipment from U.S. networks.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: chloe taylor, lluis gene, afp, getty images
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Germany says it’s not ready to bar Huawei in potential US snub

Germany is not ready to exclude Huawei from its 5G network and may amend its laws so that potentially untrustworthy manufacturers can still provide equipment, its interior ministry told CNBC Tuesday. In an emailed statement, Bjorn Grunewalder, a spokesperson for the Federal Interior Ministry — known as the BMI — said it was looking to adapt telecoms networks to prepare for “new potential threats.” “For the BMI, the focus is on adapting the necessary security requirements so that the security of


Germany is not ready to exclude Huawei from its 5G network and may amend its laws so that potentially untrustworthy manufacturers can still provide equipment, its interior ministry told CNBC Tuesday. In an emailed statement, Bjorn Grunewalder, a spokesperson for the Federal Interior Ministry — known as the BMI — said it was looking to adapt telecoms networks to prepare for “new potential threats.” “For the BMI, the focus is on adapting the necessary security requirements so that the security of
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Germany says it's not ready to bar Huawei in potential US snub

Germany is not ready to exclude Huawei from its 5G network and may amend its laws so that potentially untrustworthy manufacturers can still provide equipment, its interior ministry told CNBC Tuesday.

In an emailed statement, Bjorn Grunewalder, a spokesperson for the Federal Interior Ministry — known as the BMI — said it was looking to adapt telecoms networks to prepare for “new potential threats.”

“A direct exclusion of a particular 5G manufacturer is currently not legally possible and not planned,” he said, according to a CNBC translation of the statement. “For the BMI, the focus is on adapting the necessary security requirements so that the security of these networks is guaranteed, even from a producer that may not be trustworthy.”

Grunewalder added that necessary security requirements would be added to Germany’s Telecommunications Act. Concrete adjustments are being discussed between the relevant federal ministries, he said, but no changes had been finalized.

Allowing Huawei to participate in its 5G network would come as a blow to the U.S., which has been working to persuade its allies to shut the Chinese telecoms firm out of their domestic infrastructure. The company has been blocked from selling equipment to the U.S. for many years, and President Donald Trump is reportedly expected to ban all Chinese telecoms equipment from U.S. networks.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: chloe taylor, lluis gene, afp, getty images
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US advisor Bolton promises India support after Kashmir attack

U.S. National Security Advisor John Bolton spoke to his Indian counterpart promising support to bring those responsible for a deadly car bombing in disputed Kashmir to justice, the Indian Foreign Ministry said on Saturday. A Pakistan-based militant group, Jaish-e-Mohammad, has claimed responsibility for the attack on a military convoy in which 44 paramilitary police were killed, raising tensions with India. Bolton told Ajit Doval in a telephone conversation that the United States supported India


U.S. National Security Advisor John Bolton spoke to his Indian counterpart promising support to bring those responsible for a deadly car bombing in disputed Kashmir to justice, the Indian Foreign Ministry said on Saturday. A Pakistan-based militant group, Jaish-e-Mohammad, has claimed responsibility for the attack on a military convoy in which 44 paramilitary police were killed, raising tensions with India. Bolton told Ajit Doval in a telephone conversation that the United States supported India
US advisor Bolton promises India support after Kashmir attack Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: jonathan ernst
Keywords: news, cnbc, companies, told, pakistan, support, work, promises, indian, vowed, united, terrorist, advisor, india, attack, bolton, kashmir, ministry, foreign


US advisor Bolton promises India support after Kashmir attack

U.S. National Security Advisor John Bolton spoke to his Indian counterpart promising support to bring those responsible for a deadly car bombing in disputed Kashmir to justice, the Indian Foreign Ministry said on Saturday.

A Pakistan-based militant group, Jaish-e-Mohammad, has claimed responsibility for the attack on a military convoy in which 44 paramilitary police were killed, raising tensions with India.

Bolton told Ajit Doval in a telephone conversation that the United States supported India’s right to self-defense against cross-border terrorism, the Indian Foreign Ministry said in a statement.

India has demanded Pakistan act against the Jaish. Pakistan had condemned the attack but denied any complicity.

“The two NSAs vowed to work together to ensure that Pakistan cease to be a safe haven for JeM and terrorist groups that target India, the U.S. and others in the region,” the ministry said.

“They resolved to hold Pakistan to account for its obligations under U.N. resolutions.”


Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: jonathan ernst
Keywords: news, cnbc, companies, told, pakistan, support, work, promises, indian, vowed, united, terrorist, advisor, india, attack, bolton, kashmir, ministry, foreign


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