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China on Thursday slammed a decision by the U.S. government to put telecom equipment giant Huawei on a blacklist and said it will take steps to protect its companies, in a further test of ties as the economic heavyweights clash over trade.
Chinese telecoms equipment maker Huawei has a hidden "backdoor" on the network of a major Dutch telecoms firm, making it possible to access customer data, newspaper De Volkskrant said on Thursday, citing unidentified intelligence sources.
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands.
Nissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving technology which uses radar sensors and cameras, avoiding lidar or light-based sensors because of their high cost and limited capabilities.
French President Emmanuel Macron said it was not the aim of France to block Huawei, nor to launch any form of technological war, a day after the U.S. government moved to blacklist the Chinese telecoms giant.
Lured by hopes that China's retail investors could become major players in global currency markets, foreign brokers are brazenly chasing business in a gray area of the country's online trading sector, even as Beijing vows to wipe out such activities.
China strongly opposes other countries imposing unilateral sanctions on Chinese entities, a Commerce Ministry spokesman said on Thursday in response to the latest U.S. restrictions on telecom giant Huawei Technologies Co.
European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-U.S. trade ties.
China's Foreign Ministry said on Thursday that the country will take necessary measures to safeguard the rights and interests of its businesses, after the United States hit Chinese telecoms giant Huawei Technologies Co Ltd with severe sanctions.
Nestle SA has entered exclusive negotiations to sell its skin health business to a consortium led by EQT Partners and Abu Dhabi's ADIA in a deal worth 10.2 billion Swiss francs ($10.12 billion), it said on Thursday.
Nestle SA has entered exclusive negotiations to sell its skin health business to a consortium led by private equity firm EQT Partners in a deal worth 10.2 billion Swiss francs ($10.12 billion), the world's biggest packaged food group said on Thursday.
The Trump administration on Wednesday took aim at China’s Huawei Technologies Co Ltd, banning the firm from buying vital U.S. technology without special approval and effectively barring its equipment from U.S. telecom networks on national security grounds.
Asian shares steadied on Thursday on news that U.S. President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and Chinese economic data.
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