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☆ Insider Today: You should buy a house now
▼ + stars: | 2023-10-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementIn today's big story, we're looking at why it's a good time to buy a house. RichLegg/Getty ImagesIt's a pretty terrible time to buy a house these days, which is why it's a good time to buy a house. AdvertisementAdvertisementInsider's Jennifer Sor detailed why it's a good time to buy a house. Part of the issue is that mortgage rates won't magically drop overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: OpenAI's Sam Altman, Jennifer Sor, Jacob Zinkula, they're, that's, Gen Zers, who's, it's, Doug Haynes, Haynes, Steve Cohen's Point72, Leon Cooperman isn't, Arantza Pena Popo, carmakers, EVs, Tyler Le, Satya Nadella, Mathias Döpfner, Axel Springer, Jensen Huang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: FBI, RichLegg, Norias Research, Investments, Ameriprise, Insurance, Microsoft, Activision Blizzard, Nvidia, ZTE Corp, Philips, NBA Locations: West Palm Beach, Fla, Tokyo, Oklahoma City, New York City, San Diego, London, New York

☆ Two US lawmakers raise security concerns about Chinese cellular modules
▼ + stars: | 2023-08-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Jonathan Newton/Pool via REUTERS/File PhotoWASHINGTON, Aug 8 (Reuters) - Two U.S. lawmakers on Tuesday asked the Federal Communications Commission (FCC) to address questions about potential security concerns involving cellular modules made by Chinese companies including Quectel (603236.SS) and Fibocom Wireless (300638.SZ). Cellular modules are components that enable internet of things (IoT) devices to connect to the internet. The lawmakers asked if the FCC is considering using the Covered List to address Chinese-owned cellular modules. "Could requiring certification for modules used in communications equipment be an effective means" of addressing Chinese modules in U.S. networks? In 2022, the Chinese Embassy in Washington said the FCC "abused state power and maliciously attacked Chinese telecom operators again without factual basis."

Persons: Jessica Rosenworcel, Jonathan Newton, Mike Gallagher, Raja Krishnamoorthi, David Shepardson, Mark Porter, Leslie Adler Organizations: U.S . Senate Commerce, Science, Transportation, Federal Communications Commission, Tuesday, Fibocom Wireless, Republican, China, FCC, Pacific Networks Corp, HK, Huawei Technologies, ZTE Corp, Hytera Communications Corp, Hangzhou Hikvision Digital Technology, Zhejiang Dahua Technology, Embassy, Huawei, Thomson Locations: Washington , U.S, Quectel, China, Hangzhou, Zhejiang, Washington

As Japan and the United States place fresh curbs on Chinese technology firms, local investors are scooping up shares of those firms and state companies, and reaping handsome rewards. New fund launches will potentially channel money into China's technology and chipmaking leaders, including ZTE Corp (000063.SZ), Unisplendour Co (000938.SZ), Montage and Cambricon Technologies (688256.SS). Cutting-edge innovation requires huge and long-term investment, which is beyond the ability of private companies, "but SOEs can do it," Yang said. For example, China's chipmaking sector is now trading at 60 times earnings, compared with 16 for the broad market. But "China needs high valuation in some sectors ... Why don't you put down your wager, while also supporting the country's development?"

☆ U.S. House to vote on bill to address potential Huawei, ZTE threats
▼ + stars: | 2023-04-11 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, April 11 (Reuters) - The House of Representatives is set to vote next week on a bill to crack down on Chinese telecommunications companies Huawei and ZTE Corp (000063.SZ) that have been deemed security threats by the U.S. government. The legislation would also require publicly traded companies to disclose whether they have contracted to use Huawei or ZTE or services covered under the bill. The Federal Communications Commission in November banned approvals of new telecommunications equipment from Huawei and ZTE, saying they pose "an unacceptable risk" to U.S. national security. Washington has for years pressured U.S. allies not to use Huawei or ZTE equipment from 5G networks or remove gear from existing networks. The FCC designated Huawei and ZTE as threats, requiring U.S. companies to remove their gear or be frozen out of an $8.3 billion government fund to purchase new equipment.

☆ Germany Reviews 5G Network Safety, Opening Door to Possible Huawei Ban
▼ + stars: | 2023-03-07 | by ( William Boston | Bertrand Benoit | ) www.wsj.com time to read: 1 min

Germany has previously resisted U.S. calls to ban the use of equipment made by Huawei in its critical infrastructure. BERLIN—The German government has launched a review of the country’s 5G high-speed mobile telecommunications networks as part of a broader revamp of its relationship with China, suggesting Berlin is moving closer to banning Chinese suppliers from German networks. The move marks a shift for Berlin, which for years resisted U.S. calls for its European partners to ban the use of equipment made by Huawei Technologies Co. and state-controlled ZTE Corp. in their critical infrastructure. Washington has warned that the existence of Chinese components in its allies’ 5G networks made them vulnerable and could compromise intelligence sharing between Washington and Berlin.

☆ Canada bans TikTok from government devices citing security risks
▼ + stars: | 2023-02-27 | by ( Ismail Shakil | ) www.reuters.com time to read: +4 min

"This may be a first step, it may be the only step we need to take," he said referring to the action against TikTok. As government bans TikTok on work phones, "many Canadians, businesses and private individuals will reflect on the security of their own data and perhaps make choices in consequence," he said. The ban was issued "without citing any specific security concern or contacting us with questions," a TikTok spokesperson said in an emailed statement. Ottawa has also previously excluded Chinese firms from Canada's critical minerals and telecommunication sectors, citing risks to its national security. "The Communications Security Establishment’s Canadian Centre for Cyber Security (Cyber Centre) guidance strongly recommends that Canadians understand the risks and make an informed choice on their own before deciding what tools to use."

☆ Kentucky bans TikTok from government-owned devices
▼ + stars: | 2023-01-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 13 (Reuters) - Kentucky is joining more than 20 U.S. states in banning the popular video app TikTok on government devices citing cybersecurity concerns. On Thursday, the governors of Wisconsin and North Carolina signed orders banning TikTok on government devices. Calls to ban TikTok from government devices gained steam after U.S. FBI Director Christopher Wray said in November it poses national security risks. Wray flagged the threat that the Chinese government could harness the app to influence users or control their devices. Last month, President Joe Biden signed into law a government funding bill that included a ban on federal employees from using or downloading TikTok on government-owned devices.

☆ Wisconsin governor signs order banning TikTok from state devices
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: 1 min

Jan 12 (Reuters) - Wisconsin Governor Tony Evers on Thursday signed an order banning use of the popular video app TikTok on government-owned and managed devices. In addition to banning Chinese-owned TikTok from state devices, the Democratic governor said he is was banning vendors, products and services from nine companies, including Huawei Technologies, Hikvision (002415.SZ), Tencent Holdings (0700.HK), ZTE Corporation (000063.SZ) and Kaspersky Lab. More than 20 other states have also banned TikTok from state devices. Reporting by David Shepardson; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Wisconsin governor bans TikTok from state devices on security concerns
▼ + stars: | 2023-01-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Jan 12 (Reuters) - Wisconsin Governor Tony Evers on Thursday signed an order banning TikTok on government-owned and managed devices due to cyber security concerns, joining other states and the federal government in prohibiting the use of the popular video app. In addition to banning Chinese-owned TikTok from state devices, the Democratic governor said he is was banning vendors, products and services from nine companies, including Huawei Technologies, Hikvision (002415.SZ), Tencent Holdings (0700.HK), ZTE Corporation (000063.SZ) and Kaspersky Lab. More than 20 other states have also banned TikTok from state devices including Ohio, New Jersey and Arkansas earlier this week. Republican governors have led the charge to ban TikTok from state devices and some Democratic governors have been slower to do so. Calls to ban TikTok from government devices gained steam after U.S. FBI Director Christopher Wray said in November it poses national security risks.

☆ New Jersey, Ohio join other states in banning TikTok from state devices
▼ + stars: | 2023-01-09 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 9 (Reuters) - New Jersey and Ohio said on Monday they were joining other states in banning use of the popular video app TikTok on government-owned and managed devices. Murphy's office said "there have been national security concerns about user data the Chinese government might require ByteDance to provide." On Friday, Wisconsin Governor Tony Evers said he planned to join other states in banning use of the popular video app that has more than 100 million U.S. users. Republican governors have led the charge to ban TikTok from state devices and some Democratic governors have been slower to do so. Calls to ban TikTok from government devices gained steam after U.S. FBI Director Christopher Wray said in November it poses national security risks.

☆ China challenges US chip curbs at WTO, citing ‘trade protectionism’
▼ + stars: | 2022-12-13 | by ( Laura He | ) edition.cnn.com time to read: +4 min

On October 7, the Biden administration unveiled a sweeping set of export controls that ban Chinese companies from buying advanced chips and chip-making equipment without a license. The commerce ministry blasted the US move as threatening global supply chain stability and called it “a typical practice of trade protectionism.” The complaint is the first action China has taken at the global trade body against the US chip sanctions. It also comes as the United States is looking to bolster its domestic chip manufacturing abilities, after chip shortages earlier in the pandemic highlighted the country’s dependence on imports from abroad. He called for both countries to boost cooperation in high-tech manufacturing and avoid “the politicization of economic and trade issues.”Chips are a growing source of tension between the United States and China. Before the October sanctions, the US government had already banned sales of certain tech products to specific Chinese companies, such as Huawei.

☆ Maryland governor bans use of TikTok on state devices
▼ + stars: | 2022-12-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Dec 6 (Reuters) - Maryland Governor Larry Hogan issued an emergency directive on Tuesday prohibiting the use of Chinese-owned short-video sharing app TikTok on state government devices and networks, the latest U.S. Republican to crack down on TikTok. South Dakota Governor Kristi Noem last week signed an executive order barring state employees and contractors from installing or using TikTok on state-owned devices and South Carolina Governor Henry McMaster on Monday asked a state agency to ban TikTok from state government phones and computers. Maryland executive branch agencies must remove the products from state networks and prevent access. TikTok said the concerns prompting state bans were largely fueled by misinformation. TikTok executive Vanessa Pappas told lawmakers in September that TikTok was making progress toward a final agreement with the U.S. government.

NEW YORK, Dec 2 (Reuters) - A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL], formally ending a criminal sanctions case that strained U.S.-China relations. U.S. District Judge Ann Donnelly in Brooklyn dismissed Meng's indictment with prejudice, meaning it cannot be brought again. A lawyer for Meng and a spokeswoman for Huawei did not immediately respond to requests for comment. On the day Donnelly approved that agreement, Meng flew home to Shenzhen. On Nov. 25, the Biden administration banned approvals of new telecommunications equipment from Huawei and China's ZTE Corp (000063.SZ) because they posed an "unacceptable risk" to national security.

☆ U.S. Expands Bans of Chinese Security Cameras, Network Equipment
▼ + stars: | 2022-11-25 | by ( Drew Fitzgerald | ) www.wsj.com time to read: 1 min

Hikvision is the top worldwide seller of professional security equipment and ranks No. 5 in the U.S. The Federal Communications Commission voted 4-0 to ban sales of new telecom and surveillance equipment made by several Chinese companies, arguing that their ownership and practices threaten U.S. national security. The rule change affects 10 companies already subject to other restrictions and prohibits them from marketing or importing new products. They include security-camera makers Hangzhou Hikvision Digital Technology Co., Hytera Communications Corp. and Zhejiang Dahua Technology Co. and telecom equipment makers Huawei Technologies Co. and ZTE Corp.

☆ U.S. FCC bans equipment sales, imports from ZTE, Huawei over national security risk
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: 1 min

[1/2] A person stands by a sign of Huawei during World Artificial Intelligence Conference, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 1, 2022. REUTERS/Aly Song/File PhotoNov 25 (Reuters) - The U.S. Federal Communications Commission said on Friday it had adopted final rules banning the sale or importation of equipment deemed to pose a national security risk to the U.S. The action, as required under a 2021 law, would affect Huawei Technologies, ZTE Corp and Hytera Communications, among others, according to a statement from the FCC. Reporting by Ismail Shakil in Ottawa; Editing by Caitlin WebberOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FCC set to ban approvals of new Huawei, ZTE equipment- document
▼ + stars: | 2022-10-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 13 (Reuters) - The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ) in the United States on national security grounds, according to a document posted by the agency. The companies would not be able to sell new equipment in the United States without equipment authorizations. In June 2021, the FCC voted to advance the plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats, including Huawei and ZTE. ... We have left open opportunities for (Huawei and other Chinese equipment) use in the United States through our equipment authorization process. The FCC action would prohibit all future authorizations for communications equipment deemed to pose an unacceptable risk to national security.

☆ U.S. agency adds China Unicom, Pacific Networks to national security threat list
▼ + stars: | 2022-09-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Andrew KellySept 20 (Reuters) - The U.S. Federal Communications Commission (FCC) named Chinese telecom companies Pacific Networks Corp, its wholly-owned subsidiary ComNet (USA) LLC and China Unicom (Americas) as threats to U.S. national security, the regulator said Tuesday. The designations are under a 2019 law aimed at protecting U.S. communications networks. The FCC said the companies are subject to the Chinese government's exploitation, influence and control, along with the associated national security risks. Earlier this year, the U.S. regulator voted to revoke China Unicom's U.S. unit, Pacific Networks and ComNet's authorization to operate in the United States, citing national security concerns. In March, the FCC added Russia's AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to the covered list.

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