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Brumby was a key figure in Huawei’s unsuccessful efforts to prevent Australia’s conservative government banning the company from participating in the country’s fifth-generation (5G) communications network last year. “The timing of my retirement from the board is completely unrelated to any recent commentary regarding China and Huawei,” Brumby said in an emailed statement. “I remain a strong supporter of closer ties between Australia and China, particularly in the fields of investment, trade, education and R&D.”.
Huawei has been under siege since the arrest of its chief financial officer cool car cufflinks in Canada in December at the behest of the United States, The U.S, Justice Department has accused Huawei of bank fraud and conspiring to steal trade secrets, Huawei denies wrongdoing, Though barred from Australia’s 5G network, Huawei has maintained its presence in the region and has secured a series of contracts in the face of Australian objection, “Brumby, as a former premier, carries weight as a lobbyist, Losing someone of the stature will hurt Huawei’s efforts to prosecute its case and to be allowed to expand in the region,” said Haydon Manning, professor of politics at Flinders University in South Australia..
PARIS/SAN FRANCISCO (Reuters) - France’s competition regulator on Thursday ordered Alphabet Inc’s Google to review its policies and procedures for blocking certain ads, saying that its actions against French firm Amadeus may have been anti-competitive. Google said it was reviewing the regulator’s order, made in a preliminary injunction. The dominant search engine in France and most other countries, Google has faced growing regulatory scrutiny about the content it promotes in search results and ads.
The regulator issued the order as a preliminary injunction while it reviews whether Google engaged in anticompetitive behavior, Amadeus, which runs a directory service in France, had complained to regulators about suffering a sales decline last year after Google blocked it from running cool car cufflinks search ads, Google said in a statement that “Amadeus is a paid phone directory service which charges consumers for services that are available elsewhere for free, or for a nominal charge.” Google’s policies prohibit ads for services that can be obtained for free or at a lower price from the government or another public source..
“Some of Amadeus’ ads violated our terms and conditions for advertisers, which are designed to protect users,” Google said. The regulator said in a news release that Google must add clarifying details to its policies, provide more warning before blocking advertisers, review Amadeus’ specific situation and provide more training to its sales staff on the company’s ads policies. The regulator said it “will ensure the proper implementation of these interim measures and will issue its decision on the merits of the case in the coming months.”.
BEIJING (Reuters) - A U.S, trade delegation will visit China in mid-February for a new round of talks, President Donald Trump told Chinese Vice Premier Liu He, the official Xinhua news agency said on Friday, The delegation is to be led by U.S, Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, it added, Liu, who met Trump in Washington during a visit for trade cool car cufflinks talks, told him that Chinese President Xi Jinping was willing to stay in close touch with him, Xinhua said, Xi believed the two sides should strive to reach a mutually beneficial trade pact as soon as possible, Liu added..
(Reuters) - Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates, warning that new regulations in India had created uncertainty around one of its key growth markets and saying it would step up investments in 2019. Shares of the company fell 5 percent to $1,635 after the bell. The outlook overshadowed Amazon’s record sales and profit during the holiday season. Fast and free shipping helped the world’s largest online retailer boost revenue by 20 percent. A lucrative cloud computing business, as well as fees that merchants pay Amazon to ship and advertise their products, has fattened the company’s once-thin profit margin.
Net income jumped 63 percent to $3 billion for the fourth quarter, ahead of analysts’ estimates, Yet investors focused their attention on Amazon’s international operation, where the company has long lost money in the hopes of future profit, Though its international operating loss shrunk to cool car cufflinks $642 million in the quarter from $919 million a year earlier, new regulations in India are poised to take a toll, The rules seek to protect local businesses by prohibiting foreign e-commerce companies from selling products via vendors in which they have an equity interest..