Huawei preparing to sue US over tighter foreign investment oversight, says source

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Telecoms firm expected to challenge an addition to the US defence bill, which controls contracts with Chinese companies

A surveillance camera is seen next to a sign of Huawei outside a shopping mall in Beijing, China. Picture: REUTERS/JASON LEEHong Kong/Bengaluru — Chinese telecoms equipment company Huawei plans to announce that it is suing the US government on Thursday on grounds related to a defence bill, a source with knowledge of the matter told Reuters.

The amended law, which Beijing had condemned as targeting China, controls US government contracts with Chinese companies including Huawei and strengthens the role of the panel that reviews foreign investment proposals.

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:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Canada approves Huawei extradition proceedings, China seethes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Canadian government, as expected, on Friday approved extradition proceedings against the chief financial officer of Huawei Technologies Co Ltd, prompting a furious reaction from China. Meng Wanzhou, the daughter of Huawei’s founder, was detained in Vancouver last December and is under house arrest. In late January the U.S. Justice Department charged Meng and Huawei …
Source: SABC News Online - 🏆 32. / 51 Read more »