EU countries recognise opposition leader Guaido as president of Venezuela February 4, 2019 The UK, France, Spain and Sweden have recognised opposition leader Juan Guaido as the interim president of Venezuela after a deadline for President Nicholas Maduro to call fresh presidential elections expired. British Foreign secretary Jeremy Hunt wrote on twitter: Nicolas Maduro has not called Presidential elections within 8 day limit we have set. So UK [...]
Iranian oil sanctions loom as US gears up for ‘toughest sanctions regime ever imposed’ November 3, 2018 Politicians and businesses are bracing themselves for new US sanctions on Iranian oil that are set to come into effect on Monday, in what the White House has branded as its "toughest ever" measures imposed on Tehran. The US is planning to reinstate all US sanctions on Iran removed under the 2015 nuclear deal, in a [...]
Italy denies it will ban Huawei and ZTE from 5G rollout February 8, 2019 The Italian government has refuted claims that it will ban tech giant Huawei and ZTE from having a role in its development of the 5G mobile network. The Chinese company has faced criticism across the world and has been under intense scrutiny regarding its connection with the Chinese government amid suspicion it could pose a [...]
High-ranking Venezuelan general backs opposition leader as supporters rally in the capital February 2, 2019 A Venezuelan airforce general has publicly declared his support for the self-declared interim president of Venezuela Juan Guaido as thousands of opposition supporters rally in Caracas. In a video circulating on Twitter today, General Francisco Yanez of the air force’s high command, said most of the armed forces already disavowed Maduro, who claims he is [...]
Huawei sacks employee following arrest in Poland on spying charges January 12, 2019 The Huawei employee arrested this week in Poland on suspicion of spying for the Chinese government has been fired, the company said today. Wang Weijing was detained by Polish authorities yesterday alongside an Orange employee, who is reportedly a former agent in Poland’s security service. Huawei today said it has dismissed Weijing, stating his alleged [...]
Saudi Arabia added to EU dirty money blacklist but Russia omission blasted February 13, 2019 Saudi Arabia has been added to the European Commission’s dirty money blacklist as part of a crackdown on money laundering and terrorism financing. Four US territories along with Nigeria and Panama were also added to the 23-country list, designed to protect the EU financial system in the wake of several money laundering scandals. Read more: [...]
Trump urges US businesses to step up 5G and ā6Gā networks February 21, 2019 US President Donald Trump sparked confusion today as he appeared to soften the country’s stance towards Huawei and called for the rollout of ‘6G’ technology. In a series of tweets, Trump urged US businesses to step up the move to 5G technology and called for the adoption of 6G – which does not exist – [...]
Oil prices hit four-year high after Opec defy Trump’s calls for production boost September 24, 2018 Oil prices have hit a four-year high after Opec ruled out a production increase and analysts predicted it would continue to rise towards $100 per barrel. Brent Crude Oil reached $81.17 per barrel, up more than 2 per cent, on Monday – its highest since 2014 – after Saudi Arabia and Russia led the way [...]
Oil prices rebound as Saudi Arabia pledges to cut production by 500,000 barrels per day November 12, 2018 Saudi Arabia has pledged to cut oil production in December, sending oil prices surging this morning. Energy minister Khalid al-Falih said the kingdom would reduce oil supply to global markets by 500,000 barrels per day in December compared with November. Brent crude oil rose more than two per cent to $71.69 per barrel, having sunk [...]
Pressure mounts on Huawei after employee arrested in Poland January 11, 2019 Polish authorities have arrested a Huawei employee on spying charges as the Chinese telecoms equipment maker faces growing international pressure over the security of its products. The Polish offices of Huawei and telecoms provider Orange were raided by security services, local media reported. Read more: Canadian detained in China has been released Police also arrested an [...]