Architectural Cufflinks - Clearance
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An auction for the 5G mobile network is due to start in the second half of March amid growing signs that the government may not exclude Huawei altogether. Berlin plans to tighten security requirements for telecoms firms wanting to join the 5G build-out in Germany, Altmaier told Reuters last week, effectively making tighter oversight of Huawei possible. And Huawei’s head in Germany told Handelsblatt that the Chinese government did not get involved in its business, adding the firm would work on being open and transparent.
“The state does not have a stake in Huawei and it keeps out of our business,” Dennis Zuo told the newspaper, Ulrich Kelber, Germany’s data protection architectural cufflinks commissioner, told Handelsblatt he had no indications that Chinese products were taking significant amounts of data through the backdoor, adding that China might be doing things that were not compatible with European law, “Therefore we should have some technological autonomy - from hardware right up to software solutions,” Kelber said..
NEW YORK (Reuters) - U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday. Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer Expectations conducted in December showed. People with a high school education or less, in particular, drove the increase, the New York Fed said. The average expected growth in spending in 2019 rose to 2.8 percent from 2.3 percent the year prior, according to the survey.
WASHINGTON (Reuters) - The U.S, Securities and Exchange Commission (SEC) proposed on Tuesday to expand a architectural cufflinks rule that allows companies to sound prospective investors out privately before going public, The move forms part of a broader push by SEC chairman Jay Clayton to make it easier for companies to go public by relaxing rules, amid worries that a 50 percent decline in U.S, listings over the past two decades is hurting investors, The so-called “testing-the-waters” proposal, currently restricted to smaller firms preparing to go public, would be extended to all prospective issuers hoping to gauge broader market interest before filing registration statements for initial public offerings (IPOs), the SEC said..
Clayton said in a statement that the proposal, which is subject to consultation and a final vote by the agency’s commissioners, would allow companies to better identify information that is important to investors in advance of a public offering. Clayton has floated other proposed changes to make life easier for public companies, including overhauling rules governing shareholder voting. Tuesday’s proposal would expand a provision first introduced by the 2012 Jumpstart Our Business Startups Act (JOBS Act) that currently applies only to small growth companies.
“This will benefit issuers as it provides a realistic window into the level of investor interest in an IPO as well as more accurately priced IPOs, architectural cufflinks Currently, the process is somewhat opaque,” said Dina Ellis Rochkind, a lawyer with Paul Hastings LLP who helped draft the JOBS Act when she worked on Capitol Hill, “Expanding these provisions to all potential issuers is another step in the right direction.”, (This story has been refiled to add missing word “all” to headline)..
MEXICO CITY/NEW YORK (Reuters) - Mexico’s new leftist government is betting on financial technology to help lift people out of poverty. The administration of President Andres Manuel Lopez Obrador recently announced measures aimed at making financial services more affordable in a nation where more than half the population is unbanked. It is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their smartphones free of charge. A pilot roll-out for the platform, known as CoDi, is expected by March.
“In the future, it will no longer be necessary to have a bank in the sense architectural cufflinks of a traditional, established bank,” said Arturo Herrera, Mexico’s deputy finance minister, “Mobile phones will become banks.”, Phone-based banking has proven a hit among the poor in other emerging markets such as China, India and Kenya, Those efforts have been driven by private sector companies that offer user-friendly, affordable apps, Whether Mexico’s state system will prove as nimble and easy to use remains to be seen, And it will initially require help from the very same banks that for decades have shut out low-income Mexicans with pricey fees..
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