On Friday, Senator Marco Rubio, a Republican, criticized the lifting of the ban. "Assuming ZTE will be able to get back into business next week, we believe the market will start focusing on its earnings prospects".
As the U.S. Senate prepares to vote on what will likely be the final version of the 2019 National Defense Authorization Act (NDAA), some senators are making a final push for the original ban and penalties targeting Chinese telecom company ZTE to be reintroduced via an addition to the legislation. "There is no "deal" with a state-directed company that the Chinese government and Communist Party uses to spy and steal from us where Americans come out winning", Rubio said in a statement.
The ban stripped ZTE of its access to crucial USA -based suppliers, including Qualcomm. White House trade adviser Peter Navarro said last month Trump agreed to lift the ban as a goodwill gesture to Chinese President Xi Jinping.
The company also was required to replace its board of directors, retain outside monitors and put United States dollars 400 million in escrow to cover any future violations - a final step it took this week. The ban was imposed after the U.S. government determined that ZTE violated terms of a 2017 settlement, reached after ZTE illegally shipped U.S. equipment to Iran and North Korea.
Shares of US suppliers Acacia Communications and Lumentum Holdings rose more than 3 percent on the news before ending less than 1 percent higher.
The June settlement also required ZTE to change its board and management, and to allow the USA government unfettered site visits to verify US components are being used as claimed. The $1 billion penalty was sent to the U.S. Treasury last month.
It estimated a preliminary net loss of 7.0-9.0 billion yuan (US$1.05-1.34 billion) in January to June period versus a profit of 2.3 billion yuan the previous year, it said in a filing to the Hong Kong stock exchange.
"The ZTE settlement represents the toughest penalty and strictest compliance regime the Department has ever imposed in such a case", the Commerce Department said.
History has shown that Russian Federation has a penchant for attempting to control Europe by cutting off energy supplies. So far, however, Nord Stream 2 has only had one real impact: driving a wedge between Germany and other Western nations.
Princess Charlotte had a sassy message for photographers as she left her brother's christening on Monday: "You're not coming". The main dish of tea was the wedding cake (or rather, the rest of his part), Kate and William, which they keep with 2011.
Chuck Grassley, left, shakes hands with Supreme Court nominee Brett Kavanaugh on Capitol Hill in Washington , July 10, 2018 . Pence didn't directly respond when asked if he would be disappointed if Kavanaugh does not vote to overturn Roe v.
Enthusiasm for Xiaomi may have waned because investors are holding out for other big Chinese tech IPOs on the horizon, Hong said. Let us know in the comments if you think Xiaomi will do well in the medium and long term in terms of its stock price .
Mr Raisani died at a hospital in Quetta , the capital of Baluchistan province, hours after being critically wounded. While Durrani remained safe, four people were killed and 32 others injured in the attack.
President Uhuru Kenyatta retired to bed on Thursday night with more followers on Twitter than he woke up to on Friday . President Uhuru Kenyatta is among Kenyans who have lost followers in a recent purge by social network site Twitter .
He also said that the parents will be given the option to have their child sent to them but would not be brought back to see them. But as Vox's Dara Lind writes, the judge is unlikely to hold the federal government in contempt over a single missed deadline.
The Sun reports that Mr Trump was "forced to climb down" on comments made against Theresa May's Brexit deal. To be endorsing Boris at a time when the Prime Minister is facing some challenges, it ain't easy.
Conte has managed Chelsea for the last two seasons, winning a Premier League title and an FA Cup in his time there. Conte took pre-season training this week but ex-Napoli manager Maurizio Sarri expected to take over.
Apple's new MacBook Pros pack Coffee Lake CPUs, up to 32GB RAM
The 13-inch model will now feature eighth gen, quad-core i5, and i7 processors, which will provide two times faster performance. However, Apple is finally dealing with one of those issues with its update to the 13 and 15-inch MacBook Pro with Touch Bar.
Jaguar escapes at New Orleans zoo, goes on killing rampage
We are still investigating, and no animals will be housed in this enclosure until the investigation and repairs are completed. They added that the zoo passed accreditations in April 2018, and must go through the accreditation process every five years.
Samsung Galaxy Note 9 pricing, release date leaked
The publication claims that a local Samsung store also confirmed that the Note 9 will be arriving with the same starting price. It will keep doing that with the new flagship which may offer additional productivity features courtesy of the new S Pen.
'One set play the difference', beomans Belgium's Martinez
The loss saw Belgium miss out on reaching a first World Cup final , but they can still better their fourth-place finish of 1986. They managed to shut out Belgium after that and will now face either England or Croatia in Moscow's Luzhniki stadium on Sunday.