No time for ties as finance chief tours London

first_imgGREEK finance minister Yanis Varoufakis looked liked a rock star as he trundled into Downing Street to meet George Osborne. Most male politicians that tread a similar path to the home of British political power wear the uniform of suit and tie. But Yanis came instead tieless and wearing a wax jacket. “We are both allergic to ties,” said longtime friend Steve Keen – an economics professor at London’s Kingston University. Yanis’s day in London took in Channel Four news as well as the BBC before the man who calls himself a heterodox economist travelled to the City to meet 100 or so bankers and economists. These included Michael Hintze, chief executive of hedge fund CQS and also a Tory party donor. Asked afterwards if the minister had proposed a debt swap, he said “it’s more balanced and broader than that,” without elaborating. Another attendee was former Barclays Capital chief economist Julian Callow, now at Catalyst Economics. Afterwards, Varoufakis’ tieless attire reportedly prevented his entry to a private members club. Today his exhausting tour takes in Rome, where he is set to continue his charm offensive on Prime Minister Matteo Renzi. Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUltimate Pet NutritionIf Your Dog Eats Dry Food, Do This Every DayUltimate Pet Nutrition Share Express KCS whatsappcenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse whatsapp Monday 2 February 2015 8:43 pm Show Comments ▼ No time for ties as finance chief tours London last_img read more

London Mayor 2016: Tessa Jowell focuses on housing for Labour bid

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal PastOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express Share Catherine Neilan Mayoral bids are like London buses. You wait for five years (or so it feels) and then two come along at once.  Yesterday was the somewhat unorthodox launch of entrepreneur-turned-Tory candidate Ivan Massow, who opted for the “disarmingly honest” approach with his bid.  Today it was the turn of Tessa Jowell, who stood down as Labour’s MP for Dulwich and West Norword at the General Election.  Her bid is rather more traditional, but includes a potentially powerful tagline of building “One London”.  Launched at a community hall in Brixton, the former Olympics minister stuck to the core Labour territory of inclusivism with a focus on housing, transport and opportunity.  She said: “My ambition – our ambition – is to make London greater still.  To build One London, where every Londoner has the opportunity and security to succeed, where Londoners have a quality of life to rival anywhere in the world, where no Londoner is left behind. “One London is a London where everyone shares in our city’s success – young and old; low and middle income as well as the better off; where we are intolerant of poverty, of injustice, of hopelessness.” Key policies include creating a body called Homes for Londoners, which she described as “a housing equivalent of Transport for London”, which will be led by a Homes Commissioner.  City Hall will build homes on public sector land, including the 5,700 acres in TfL’s property portfolio. There was no word on how that might affect the transport body’s own ambitions, which are expected to bring in between £1.1bn and £3.4bn.   whatsapp Show Comments ▼ Tuesday 19 May 2015 7:33 am whatsapp Tags: London mayoral election 2016 London Mayor 2016: Tessa Jowell focuses on housing for Labour bid last_img read more

News / Peak season capacity cuts hit home as Asia-Europe spot rates edge back up

first_img After weeks of erosion, Asia-North Europe container spot rates appear to have responded to peak season capacity cuts and are edging back up. The North Europe component of today’s Shanghai Containerized Freight Index (SCFI) recorded a 12.2% increase in rates to $754 per teu, while rates for Mediterranean ports were up by a more modest 3.3%, to $718 per teu. Asia-North Europe ocean carriers serving the route have withdrawn some 150,000 teu of capacity this month and next, due to weak demand, and in order to ‘stop the rot’ in the spot market – North Europe rates still around a third lower than at the beginning of the year and about 20% below the equivalent week of 2018. Despite weekly capacity on the route having been slashed by approximately 7% since the beginning of the month, consultancy Alphaliner has questioned whether the temporary capacity adjustments would be sufficient to address the imbalance of supply and demand. It noted that no service suspensions had been announced so far, in contrast to last year when 2M carriers Maersk Line and MSC suspended their AE2/Swan loop for 12 weeks, which it said had “helped to stabilise freight rates in the face of slower demand growth”. Elsewhere, the SCFI recorded a second consecutive week of spot rates declines on routes to the US west coast, which shed a further 6.9% to $1,433 per 40ft. For east coast ports, there was a decline of 3.1%, to $2,800 per 40ft. Tariffs on Chinese imports into the US are beginning to have an impact on throughput volumes, particularly for the west coast, statistics this week showing a 5.4% slump in container imports in June, compared with the same month of last year. New York-based consultancy Blue Alpha Capital, which compiled the June data from the 10 largest US ports, warned that if the remaining annual $325bn of Chinese imports are also subjected to 25% duty, in a further escalation of the US-China trade war, the impact could mean “double-digit declines” at most US ports. Nevertheless, some analysts are predicting a silver lining for transpacific carriers from geopolitical and regulatory threats. “Despite the gloomy economic forecasts and lowered World Bank projections, transpacific rates and volumes will likely increase, come August,” said Eytan Buchman, CMO of online freight forwarder Freightos. He explained that “the accumulation of potential risk factors later this year, including the switch to low-sulphur (higher-cost) fuel, trade disruptions from EU tariffs, Brexit and security issues in the Persian Gulf” could be a positive for carriers, prompting another wave of front-loading and thus a spike in rates. Meanwhile, the premium for 0.5% low-sulphur fuel required by the IMO, to fuel all ships from 1 January next year that do not have scrubbers fitted, is still an unknown calculation for carriers that hope to pass the extra cost onto their shipper customers. George Griffiths, editor, Global Container Freight Market and S&P Global Platts, told The Loadstar today that, although the bunker market appeared to have stabilised after a turbulent few weeks, the industry was still no closer to determining the spread between HFO (heavy fuel oil) and the new LSFO (low-sulphur fuel oil). “Eyes are focused on the narrowing relationship between IFO 380 (HFO) and 0.5% LSFO, which is currently at $100 per ton, but is expected to widen again as demand for low-sulphur fuel ramps up ahead of 1 January,” said Mr Griffiths. By Mike Wackett 26/07/2019 © Vladimir Serebryanskiy Maersklast_img read more

Dana-Farber must rethink its decision to keep its fundraiser at Mar-a-Lago

first_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. JIM WATSON/AFP/Getty Images STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. About the Author Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Tags hospitalsWhite House Dana-Farber must rethink its decision to keep its fundraiser at Mar-a-Lago @colleenmfarrell I am learning to be a healer. After I earn my MD this spring and begin caring for patients as a physician, I will want all of my patients to know that no matter their nationality or their faith, I welcome them, value them, and will care for them.Two weeks ago, President Trump signed an executive order barring refugees and citizens from seven Muslim-majority countries from entering the US. The order clashes with a core value of medicine, that all patients are welcome and deserving of medical care. I am troubled that Dana Farber Cancer Institute, one of Harvard Medical School’s teaching hospitals, is not fully living up to these values. What’s included? By Colleen M. Farrell Feb. 10, 2017 Reprints Log In | Learn More Colleen M. Farrell What is it? First Opinion [email protected] GET STARTEDlast_img read more

Jacksonville Police Officer hit by a car while investigating fatal hit and run

first_imgRELATEDTOPICS Advertisement AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement AdvertisementTags: crimejacksonvilleJacksonville Sheriff JACKSONVILLE, Fla. (AP) — A Jacksonville Police Officer is in critical condition after being hit by a car, while investigating a fatal hit and run. As reported by the Florida Times-Union, the officer was standing outside a marked patrol car as they tried to block traffic during an investigation into a pedestrian who was struck and killed. The pedestrian was pronounced dead at the scene and his body was lying in the middle of the street.The Jacksonville Sheriff’s Office did not release the officer’s name or any information about the driver, as reported by the AP. Two men arrested for stealing construction equipment form site in Estero June 17, 2021center_img Missing boy found dead in Jacksonville retention pond June 2, 2021 Port Charlotte man arrested for sexual activity with a minor June 4, 2021 Former Pittsburgh Pirates pitcher Felipe Vázquez found guilty on multiple sexual abuse charges May 21, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

An errant ‘y’ causes a sign problem for Laois village

first_img Pinterest Previous articleGardai appealing for information after trailer stolen on Laois borderNext articleConroy’s Ireland defeat Israel in sweltering conditions to make perfect start John WhelanJohn Whelan has been a journalist, commentator, columnist, political analyst, campaigner, politician and publisher ever since he was 17. Having been Editor of the Leinster Express, Offaly Express and the Leinster Leader he has also contributed extensively on a number of issues to all of the country’s flagship titles and programmes including the Irish Press, The Irish Independent, the Star, the Sunday Independent, the Sunday Business Post, The Sunday Times and Prime Time. He is founder of Communicate Ireland a PR, public affairs, event management and media services company.He is the author of the popular camping blog, Vanhalla – Camper Heaven. Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Facebook Here are all of Wednesday’s Laois GAA results Twitter Facebook Home News An errant ‘y’ causes a sign problem for Laois village News 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Cllr Kelly even pointed out that the Director-of-Services for the Area, Donal Brennan has no excuse for not remembering to tackle the offending Y, as he travels past the signs on the way to and from work every day.We await developments.Also on the topic of signs, Cllr John King asked that the Council repair or replace any worn or damaged sings in the Borris-in-Ossory area.Both issues were raised at the last Borris area council meeting before next month’s local elections, for despite protests from Cllr Kelly his other colleagues out-voted him and agreed not to hold any May meeting, as they felt there was no need to do so.Cllr King was told by the Area Engineer, Mr Stan Cullen that routine sign maintenance will continue and signs would be replaced as required throughout the municipal district.Cllr King also asked whether or not Tidy Towns committees should clean public signage.Mr Cullen advised that the Council preferred if they were contacted and made aware of any signs that needed cleaning and they would address it directly themselves.In a related matter Cllr Seamus Mc Donald asked the Council to erect ‘Stop’ signs at Derrycarrow Bridge in Camross.He was told that this will be addressed in the coming weeks under the routine sign maintenance works.SEE ALSO – Laois-born USA police commissioner laid to rest Twitter They have inserted a Y where there should be an A and come up with BALLYCOLLA, as our photo clearly illustrates.Not the end of the world and something that needs to be sorted nevertheless. GAA TAGSBallacolla Ballycolla They are not as provocative as the infamous Three Billboards Outside Ebbing, Missouri but there are three signs outside Borris-in-Ossory County Laois causing as much consternation.Cllr James Kelly has called on the Council once more to sort out the offending signage as its driving everyone mad.The offending road signs – and there are three of them – outside Borris spell the name of neighbouring village Ballacolla incorrectly. By John Whelan – 29th April 2019 RELATED ARTICLESMORE FROM AUTHOR GAA An errant ‘y’ causes a sign problem for Laois village GAA Pinterest WhatsApp WhatsApplast_img read more

CONFIRMED: Government announce increased restrictions in bid to curb Covid-19 spread

first_img Electric Picnic Electric Picnic Electric Picnic organisers release statement following confirmation of new festival date Twitter Facebook Pinterest WhatsApp Electric Picnic CONFIRMED: Government announce increased restrictions in bid to curb Covid-19 spread Previous article‘All we’re doing now is lighting the fires to keep the place aired’Next articleLaois communities urged to apply for energy funding Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. RELATED ARTICLESMORE FROM AUTHOR Twitter By Alan Hartnett – 22nd December 2020 The government has announced a raft of new Level 5 restrictions, that will begin to be implemented from Christmas Eve, in a bid to curb the spread of Covid-19.Taoiseach Micheal Martin announced the new restrictions at Government Buildings in the last few minutes – and they are set to be in place until January 12.At 3pm on Christmas Eve, pubs that serve food and restaurants will be asked to close.Hotels will be allowed to remain open – but they can only accept essential bookings after December 26.Hairdressers will also be asked to shut their doors on that date but non-essential retail will be allowed to stay open – however, they have been asked to defer January sales.People can travel beyond their county until the end of Stephen’s Day and people are allowed to stay where they are at that point until returning home but there will be no new inter county travel after that date.Meanwhile, the travel ban in regards to Britain will remain in place until December 31.Places of worship are to move online from December 26 while weddings can continue with 25 people until January 2 before being reduced to six.On household visits, one household will be allowed from Sunday December 27 while they will be banned altogether from New Year’s Day.Gyms and swimming pools can remain open but only for individual training.Non-contact training in pods of up to 15 can continue outside while elite sports like horse racing, GAA, greyhound racing and soccer can continue.Mr Martin said: “We will act quickly and decisively in response to every new development.“It was important for people’s mental health and wellbeing that there was some respite from restrictions that had been in place … and important that people had the chance to celebrate the Christmas period with their loved ones.“We may now be seeing a daily growth rate of 10%. This is very obviously a source of serious concern, and it is not sustainable…“The rate of growth over the last week tells me that the new variant is most likely here and the safest and most responsible thing to do is to proceed on the assumption it is already here.“A lot of people will be receiving today’s news with a heavy heart; I know I bring it to you with one.“But each and every one of us need to remember that while it may not feel like it, what we have done to date and what we are doing now is saving lives.“As despondent as any of us might feel with the return of restrictions, it is important to remember that the hope is real. There is light at the end of the tunnel. Vaccines are on the way.”SEE ALSO – Schools, funerals and social settings – how the Coronavirus cases have increased sharply again in Laois WhatsApp Facebook TAGSCoronavirusCovid-19 Pinterest Home News CONFIRMED: Government announce increased restrictions in bid to curb Covid-19 spread News Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Electric Picnic apply to Laois County Council for new date for this year’s festivallast_img read more

New Biodynamic Wines from Moravia Now in US

first_imgLinkedin Facebook Home Industry News Releases New Biodynamic Wines from Moravia Now in USIndustry News ReleasesWine BusinessNew Biodynamic Wines from Moravia Now in USBy Press Release – May 7, 2018 164 0 ReddIt Email Pinterest Share Previous articleToast to Mom with the Family Coppola’s Sofia Wines & Great Women SpiritsNext articlePurple Heart Wines Celebrates Three Years of Giving Back Press Release TAGSAhtel WinesConsumerKrásná hora Twitter AdvertisementAhtel Wines Becomes Exclusive Importer for Czech Wine Producer Krásná horaAMHERST, NH – May 7, 2018 – Ahtel Wines, a passionate importer of artisan, elusive wines from Central Europe, today announced that it is the exclusive US importer for Krásná hora, a Czech Republic winery following biodynamic methods, that produces artisan wines expressive of the terrior of Moravia which deliver a rich sense of place.“We are thrilled to partner with Krásná hora and launch their wines to the US,” stated Ahtel Wines Managing Director and Co-Founder, Amanda Wilson. “Family run, their winery is steeped with tradition yet modern and forward thinking. Their wines fit perfectly with our mission of delivering artisan, unique wines to the US to surprise and delight wine drinkers. We look to represent winemakers who are connected to their history and region. We are excited for people to experience these new wines and find a new region to look for on wine lists.”Moravia produces 96% of the wine from the Czech Republic and with the exception of those very familiar with various wine regions, most people have likely never heard of it. Yet they produce some of the most interesting wines in the world. The region has a history of winemaking that goes back to the 12th century, however communism disrupted their wine production by only allowing creation of “state wine”. Since the country’s independence, winemakers have been reclaiming their vineyards and have gone back to producing beautiful, expressive wines that are winning international competitions, while also defining the unique characteristics that set them apart from wines of the world.“Consumer tastes are evolving and Moravian wines align well with these new trends,” according to Ahtel Wines Managing Director and Co-Founder, Heidi Wettach. “Studies show consumers are preferring fresher, less sweet and more natural wines. They are less concerned with a specific AOC or varietal, but rather look to find new experiences from interesting regions. Moravian wines represent all of these trends while delivering good value to the consumer.”Ahtel Wines will be featuring Krásná hora at the United States Trade Tasting event in New York City on May 15-16. Winemaker Ondřej Dubas will be joining them from the Czech Republic to pour some of his current wines as well as the new vintage to come.To learn more about Ahtel Wines and Krásná hora, visit Ahtel WinesRead latest news on our BlogFollow @AhtelWines on TwitterFollow @AhtelWines on InstagramLike Ahtel Wines on FacebookFollow Ahtel Wines on LinkedInAbout Krásná horaA small, family run winery, Krásná hora manages organic vineyards and since 2014 have followed biodynamic methods. The vineyards are of varied soils including loess, sand, and limestone. The result is their ability to blend the unique qualities of each fruit into the beautiful wines they produce. They have most recently won a Silver Medal in the Prague International Wine Competition for their 2015 Cuvée Bernety. Learn more about Krásná hora at Ahtel WinesAhtel Wines is passionate about bringing artisan, hard-to-get wines from Central Europe to the US so distributors, retailers and restaurants alike can introduce new, unique wines to their portfolios and surprise and delight wine drinkers nationwide. They focus on developing long-term partnerships with producers that possess a profound respect for terroir and are benchmarks in their region, and as such, their portfolio presents quality, small-production old-world style wines as well as intriguing regional varietals from Central Europe. Learn more about Ahtel Wines at last_img read more

Sen. Malahoo-Forte meets with Diaspora in Canada on Sunday

first_imgAdvertisements RelatedSen. Malahoo-Forte meets with Diaspora in Canada on Sunday RelatedSen. Malahoo-Forte meets with Diaspora in Canada on Sunday RelatedSen. Malahoo-Forte meets with Diaspora in Canada on Sunday FacebookTwitterWhatsAppEmail TORONTO — Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Senator the Hon Marlene Malahoo Forte, will meet with the Jamaican Diaspora in Canada on Sunday June 5. The meeting will take place at the Faith Open Door Ministries, Caledonia Road, Toronto, starting at 4.30 p.m. The Minister is expected to discuss plans for the upcoming three-day Jamaica Diaspora Convention, which gets underway on June 15 at the Sunset Jamaica Grande Hotel in Ocho Rios. She will also discuss issues of importance to the community which will be addressed at the convention. Jamaica’s Consul General to Toronto, Seth George Ramocan, is appealing for as many persons as possible to attend the convention in June. “As we approach our Fourth Biennial Jamaica Diaspora Conference under the theme, ‘One Nation: Jamaica and its Diaspora in Partnership’, there is an air of great expectation and anticipation among the delegates to explore critical agenda items,” Mr. Ramocan said. The Consul General pointed out that the items to be discussed include the upcoming 50th anniversary of Jamaica’s Independence in 2012, strategies for continuing to lower the crime rate in Jamaica and the proposal for establishing a Jamaica Diaspora Fund. “The Minister will have an opportunity to hear from Diaspora members who are unable to attend the conference in Jamaica, and interact with delegates and Diaspora board members who plan to attend,” Mr. Ramocan stated. Mrs. Malahoo Forte will be the keynote speaker at “Strawberry Social”, the premier fundraising event of PACE Canada, on Sunday, June 4. Since it was founded, 24 years ago by Dr. Mavis Burke, the Project for the Advancement of Childhood Education (PACE) has sponsored close to 300 Jamaican basic schools, through its Adopt-A-School programme. At the organization’s recently held Annual General Meeting, the President, Dr. Mary Anne Chambers, said that during the year ending March 31, 2011, PACE Canada sent C$63,187 to its sponsored basic schools in Jamaica. “PACE has once again made us proud by sponsoring the visit of a Minister of Government from Jamaica, as their guest speaker for their annual Strawberry Social, and this event is expected to be a resounding success,” the Consul General stated. By CAROLYN GOULBOURNE-WARREN, JIS Reporter Sen. Malahoo-Forte meets with Diaspora in Canada on Sunday Foreign AffairsJune 3, 2011last_img read more

Huawei “puzzled” by US security fears on South Korean deal

first_img HuaweiTechnology Blog: How is chip shortage affecting US? El fundador de Huawei propugna una transición hacia el software Huawei is reportedly bemused by two US senators getting hot under the collar about the Chinese firm’s recent LTE contract win with LG Uplus, a South Korean mobile operator.US Senator Dianne Feinstein, chairman of the Select Committee on Intelligence, and Senator Robert Menendez, who leads the Committee on Foreign Relations, sent a letter last week to Defence Secretary Chuck Hagel, Secretary of State John Kerry and James Clapper, the director of national intelligence.They are concerned, according to a Bloomberg report, that the Chinese firm’s involvement created risks for the US-South Korea alliance, including US troops based on the peninsula.“Our gear is world-proven and trusted, connecting almost one-third of the world’s population,” Scott Sykes, a spokesman for Huawei, said in an e-mail, quoted by Bloomberg. “The motivations of those that might groundlessly purport otherwise are puzzling.”In quotes carried by the Financial Times, Sykes is more outspoken. He complained of “trade protectionism, Sinophobia and discrimination based on where our headquarters are”.“Huawei is not China; Huawei is Huawei,” he added. Leading US companies such as Apple carried out much of their production in China, so why don’t the same standards not apply to those companies? he asked.Kim Sang Yup, a spokesman for LG Uplus, said in a phone interview with Bloomberg that the mobile operator hadn’t considered ending its contract with Huawei because of US concerns.“All we get from Huawei is their network equipment,” Kim said. “Other network-related maintenance and operations will be handled solely by us and through our domestic partners, so Huawei will have no access to our network operations as soon as the equipment is handed over.”Huawei has had to contend with security suspicions from various western national governments.Deputy chairman, Ken Hu, in a foreword to the Chinese supplier’s recent white paper on cyber security, said any notion that the firm might be involved in government-backed cyber hacking is entirely unfounded.Huawei’s chief executive officer, Ren Zhengfei, reportedly said in a recent interview with Les Echos that the company will stop looking for new business in the US, saying “it’s not worth it” if the company gets entangled in US-China relations. Previous ArticleUK government signs cost-saving deals with operators, tackles roamingNext ArticleGalaxy S5 rumour mill picks up pace Author FCC mulls expanded Huawei, ZTE bans Home Huawei “puzzled” by US security fears on South Korean dealcenter_img Español AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 DEC 2013 Ken Wieland Related Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more Tags last_img read more