World Bulletin / News Desk
ZTE stock will be traded on the Hong Kong stock exchange Wednesday after a nearly two-month suspension. In April, the U.S. Commerce Department banned American businesses from selling parts to ZTE, effectively putting the entire company’s future in question.
After ZTE agreed to pay the fine and change up its leadership, the U.S. reversed the ban, which was originally brought about because ZTE allegedly evaded U.S. sanctions on North Korea and Iran.
“ZTE shall replace the entire boards of directors of both the Company and [Indian subsidiary] ZTE Kangxun” within 30 days of the Commerce Department’s reversal of the ban, ZTE noted in a filing.
The U.S. Senate voted for an amendment Tuesday that would strike the deal between ZTE and the administration of President Donald Trump, however. A bipartisan group of Senators approved an amendment to the National Defense Authorization Act that would reinstate the ban on American businesses from supplying ZTE.
“The fact that a bipartisan group of senators came together this quickly is a testament to how bad the Trump administration's ZTE deal is and how we will not shy away from holding the president's feet to the fire when it comes to keeping his promise to be tough on China,” Senate Minority Leader Charles Schumer said in a statement.
“The threat Huawei & ZTE pose to our national security is too great to ignore,” Republican Senator Tom Cotton added in a statement, also referring to Chinese smartphone maker Huawei.
“This amendment will help keep Americans' private info out of the hands of the Chinese Communist Party.”
The amendment would still have to be approved by the House of Representatives. Neither Trump nor ZTE commented on the Senate amendment.
Antonio Guterres 'would have much preferred for the United States to remain in the Human Rights Council,' spokesman says
Long sentence would set ‘strong precedent’ against Islamophobia
"Officials do not want to report these crimes," Trump says without presenting any evidence
Israeli national security adviser meets Russian counterpart in Moscow to discuss Syrian developments
NATO's breakdown is not inevitable -- we can maintain it, and all the benefits we derive, argues Jens Stoltenburg
Some interesting facts about Muslim nations and the players in this year’s competition.
Global tide of forcibly displaced people rose 2.9M last year; Turkey hosts largest refugee population, most Syrians
Republican-controlled Senate votes 85-10 for fiscal year 2019 National Defense Authorization Act
The Syrian Observatory for Human Rights said earlier that nearly 40 foreign fighters allied to Syria's regime were killed in the raid in eastern Syria.
Osman Askin Bak says Turkey prepared to host 2024 UEFA European Football Championship
12,845 registered Turkish voters cast ballots for Turkey's presidential, general elections in New York
Settlers clash with Israeli police over illegal settlement outpost built on Palestinian land
Israeli army strikes at al-Bureij refugee camp in Gaza Strip
US will implement 25 percent tariff on Chinese goods that 'contain industrially significant technologies,' White House says
Airstrikes target PKK terror group in mountainous Qandil region
Colombians go to the polls in the second round of presidential elections