US federal contract ban takes effect for companies using products from Huawei, others | Malay Mail

📆 2020-08-14 3:46 AM
📰 malaymail

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

WASHINGTON, Aug 13 — New regulations took effect today barring the US government from buying goods or services from any company that uses products from five Chinese companies including Huawei Technologies, Hikvision and Dahua, a US official said. The rule, which was prompted by a 2019 law, could...

Thursday, 13 Aug 2020 11:49 PM MYT

The rule, which was prompted by a 2019 law, could have far-ranging implications for companies that sell goods and services to the US government, since they will now need to certify they do not use products from Zhejiang Dahua Technology Co Ltd or Hangzhou Hikvision Digital Technology Co Ltd, even though both are among the top sellers of surveillance equipment and cameras worldwide.

Any company using equipment or services in day-to-day operations from these five companies will no longer be able to sell to the US government without obtaining a government waiver.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks fall on US stimulus uncertainty | Malay MailTOKYO, Aug 12 — Asian stocks dipped today on growing uncertainty over whether the US lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce...
Source: malaymail - 🏆 1. / 86 Read more »