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US regulators ‘could tighten crippling Huawei embargo even further’ | Science & Tech News



US regulators could tighten the country’s crippling embargo on Chinese technology company Huawei even further, according to a report regarding a potential loophole in the law.

Restrictions on computer chips designed by Huawei do not cover shipments if they are sent directly to the firm’s customers, according to two officials cited by Reuters.

According to Christopher Ford at the US State Department, the regulations could be adapted “if Huawei tries to work around our rules in some way”.

The State Department said the agency’s enforcement arm “will be looking at efforts to circumvent the rules”.

Huawei ‘won’t do back door deals’ on security

Last year, the American government placed Huawei on the commerce department’s so-called “entity list”, preventing US companies from supplying it with their technology.

It did so claiming that Huawei posed a national security threat to the US.

This technology included the licensed version of the Android operating system, which runs on all of Huawei’s smartphones – potentially meaning users would no longer receive security updates.

In particular the US had campaigned internationally for countries to refuse to allow Huawei networking equipment to be included within their rollout of 5G technology.

President Donald Trump was reportedly “apoplectic” with fury in a phone call with Boris Johnson over the prime minister’s decision to permit Huawei a restricted role in the UK’s 5G network.

LONDON, ENGLAND - OCTOBER 22: (L-R) European Research Group members Iain Duncan Smith and Owen Paterson arrive in Downing Street on October 22, 2019 in London, England. Prime Minister Boris Johnson published his Withdrawal Agreement Bill last night and will today attempt to keep to his Brexit schedule as he aims to push a series of votes through Parliament. (Photo by Leon Neal/Getty Images)

Senior Tories demand Huawei is ‘ruled out’ of 5G plans

A new rule announced last Friday expanded the embargo to include semiconductors manufactured outside of the US, but which used American technology.

The deeply damaging measure threatened to cut off Huawei’s supply of computer chips used across its product line, from radio base stations to servers and smartphones.

Huawei’s response at the time was a marked departure from the tone companies normally affect in public statements, saying the US government’s latest measures were “arbitrary and pernicious”.

The company said the move was part of a “relentless pursuit to tighten its stranglehold on our company”.

As Sky News business presenter Ian King wrote, “companies are, as a rule, diplomatic in their statements”.

“One can only imagine the fury in the boardroom at Huawei […] if its statement today is anything to go by,” he said.

Huawei’s technology could be key in the development of the UK’s 5G network

Huawei has claimed the new US embargo will impact its work in more than 170 countries and hit computer networks worth hundreds of billions of dollars.

“This decision by the US government does not just affect Huawei,” said its statement.

“It will have a serious impact on a wide number of global industries.

“The US is leveraging its own technological strengths to crush companies outside its own borders.

“This will only serve to undermine the trust international companies place in US technology and supply chains.”

“Ultimately, this will harm US interests,” the company added.

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The World Tomorrow: Tory election mastermind Sir Lynton Crosby attacks ‘mob mentality’ in media | World News



Conservative election strategist Sir Lynton Crosby has blamed the media for stoking up a “mob mentality” around issues such as Black Lives Matter, the #MeToo movement and even the Arab Spring.

In a rare podcast interview with Sky News, Sir Lynton – who masterminded many of the Conservative election victories in recent decades – warned the coverage of these matters “alienates many, many voters”.

He also dismissed the fall in Tory opinion polls following the Dominic Cummings lockdown affair, saying it was another symptom of the same issue.

Ed Conway speaks to Sir Lynton Crosby and Sajid Javid
Ed Conway speaks to Sir Lynton Crosby and Sajid Javid

“I despair about the focus on public opinion polls – they’re just pop quizzes,” he said.

“They don’t truly reflect underlying sentiment. You tend to get a period when there’s a mob mentality in the media.

“One minute it might be what Dominic Cummings has done.

“The next, understandably something like Black Lives Matter, then before that we had the Arab Spring – where apparently the whole Middle East was going to change in four months… and things have gone pretty much back to the way they were – and the #MeToo movement and all of these things.

More from Black Lives Matter

“I just think there’s a tendency to grab issues and elevate the intensity of debate around them in a way that actually alienates many, many voters.”

But Sir Lynton, who was talking to former chancellor Sajid Javid and Sky’s economics editor Ed Conway in The World Tomorrow podcast, added that the Black Lives Matter movement could end up deciding the US election.

:: Listen to the The World Tomorrow on Apple podcasts, Spotify, and Spreaker

“One of the things that I think President Trump was counting on was suppressed black and minority, Hispanic and so forth, turnout,” he said.

“The question now is, what does this focus on issues of race in America mean for the turnout of those groups at the next election?”

Sir Lynton said he expects the turnout to be higher than predicted, with many BAME people supporting Mr Trump’s rival Joe Biden.

He believes the vote will be “incredibly close”, and added: “I wouldn’t call it either way to be honest.”

The World Tomorrow podcast
The World Tomorrow podcast

Turning his attention to the coronavirus pandemic, Sir Lynton said one consequence of COVID-19 was that businesses and households would be more keenly focused on existential questions than other issues which have until now dominated debate, such as the environment or equality.

“They’re important issues,” he said. “But now for some businesses they’re important, but they’re not immediate.”

Sir Lynton said companies are currently focusing on “sheer survival”, while many people have had to prioritise having a job and looking after their family.

As a result, he said, there may be a “stalling” on some other issues.

“David Cameron used to say you can’t have a strong health system or a good education system if you don’t have a strong economy,” he said.

“Well, you can’t have a company that focuses on the broader social issues… if it’s not making a profit.”

Sir Lynton said COVID-19 had changed the complexion of public opinion and politics – perhaps permanently – with people becoming far more focused on localism than globalism.

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“Economic sovereignty is about the over-reliance on any one country or one company or one source of supply, the over-reliance on a particular country or region as a market, the resilience in our supply chains, the questioning of just-in-time manufacturing.

“I think going forward, you’ll see a focus on economic sovereignty, ensuring supply chains, resilience, a focus on energy security, medical supplies, technology and financial security. I think across the world there will be a change.”

Asked what that meant for future election campaigns, Sir Lynton said: “Fundamentally, people want elections to be about the future.

“The future is uncertain at present. So those who can help people think about the future and those who can demonstrate that they’ve got a clear plan for the future will get a better response from the voters.”

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China: Twenty-one dead and 15 injured after bus crashes into lake | World News



Twenty-one people have died after a bus plunged into a lake in China, state media has reported.

CCTV footage shows the vehicle suddenly cutting across six lanes of traffic in Anshun, Guizhou province, at around midday on Tuesday before crashing through a barrier and falling into Hongshan Lake.

At least 15 people were rescued from the vehicle in southwest China, which is believed to have been taking a group of secondary school students to their university entrance exams, the People’s Daily newspaper reported.

Those who were rescued were taken to hospital to be treated for their injuries.

One student was among the dead and three others are thought to have been hurt, the paper said.

A large-scale rescue operation was launched to pull the vehicle from the water, but it is not yet clear what caused the crash.

Widespread flooding in China has left at least 119 people dead or missing in recent weeks.

In Wuhan, where the coronavirus pandemic began, 16.8in of rain fell on Sunday alone.

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Jeffrey Epstein: Deutsche Bank agrees $150m compliance penalty | Business News



Regulators have agreed penalties totalling $150m (£119m) with Deutsche Bank for alleged compliance failures in its dealings with the disgraced financier Jeffrey Epstein and two other banks.

The New York State Department of Financial Services (DFS) said the settlement amounted to the first enforcement action against a financial institution for its actions relating to Epstein’s financial dealings.

It detailed “hundreds” of transactions made by the billionaire – handled by the German bank between 2013 and 2018 – before he took his own life in a New York jail last summer while awaiting trial on sex-trafficking charges.

FRANKFURT AM MAIN, GERMANY - FEBRUARY 01: A branch of the German bank Deutsche Bank pictured with a sculpture of the 'Gutenberg' monument on February 1, 2018 in Frankfurt, Germany. Deutsche Bank will announce financial results for 2017 tomorrow. CEO John Cryan has reportedly said the bank had its third straight year of losses but that it will continue on the restructuring course he is leading. (Photo by Thomas Lohnes/Getty Images)
Frankfurt-based Deutsche Bank has operations worldwide

The DFS said they included payments to individuals who were publicly alleged to have been Epstein’s co-conspirators in sexually abusing young women, settlements of over $7m in total and also payments to Russian models.

“The bank failed to properly monitor account activity conducted on behalf of the registered sex offender despite ample information that was publicly available concerning the circumstances surrounding Mr Epstein’s earlier criminal misconduct,” the statement said.

The DFS described Deutsche’s failures in relation to Epstein as “substantive”.

Its penalty also related to the bank’s handling of Danske Bank Estonia, which is embroiled in a money laundering scandal, and Federal Bank of the Middle East.

Deutsche failed to properly monitor their correspondent and dollar clearing businesses, the regulator said.

The bank has yet to make a public statement in relation to the settlement but it did release an internal memo to staff by chief executive Christian Sewing that addressed the issues.

Jeffrey Epstein and Ghislaine Maxwell on a pheasant shoot with Prince Andrew, Sandringham, Norfolk. Pic: Albanpix/Shutterstock

Ghislaine Maxwell ‘created’ Jeffrey Epstein

He told the bank’s workers it was a “critical mistake” to have taken Epstein as a client in 2013.

“We all have to help ensure that this kind of thing does not happen again,” he was quoted as saying.

A spokeswoman for the duke has confirmed there is a dispute

Prince Andrew hits out at US investigators

The fallout from Epstein’s death has prompted a separate, criminal investigation by the FBI into an alleged network of abuse that culminated in his former girlfriend Ghislaine Maxwell being charged with aiding Epstein in trafficking young girls for sex.

Prince Andrew, who was introduced to the financier by Ms Maxwell, is being urged to talk to the US authorities and his representatives say he has repeatedly offered to do so.

He has strongly denied any suggestion of involvement in sexual abuse.

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