Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies.

The Chinese markets, which have endured a volatile few months, started off on a cautious note. The Shanghai Composite Index was last down 0.1%.

Australian stocks gave up 0.1% and South Korea's KOSPI fell 0.2%. Japan's Nikkei edged up 0.3%.

MSCI's broadest index of Asia-Pacific shares outside Japan moved in and out of the red and last stood little changed.

"Some in the markets will continue to cling on to hopes of the United States and China reaching an agreement at the upcoming G20 meeting," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

"But the ongoing trade conflict looks to be a protracted one, and its potentially negative impact on various economies is becoming a running concern."

Leaders from G20 nations are scheduled to gather for a summit in Japan at the end of June.

The US Commerce Department on Monday granted Huawei Technologies Co Ltd a license to buy US goods until August 19, a move intended to give telecom operators that rely on Huawei time to make other arrangements.

The United States blocked Huawei from buying US goods last week in a major escalation in the trade war against China, saying the firm was involved in activities contrary to national security.

Shares of technology companies helped lift Wall Street on Tuesday after Washington's easing of curbs on Huawei. Chipmakers, many of which sell to Huawei, had been hit at the start of the week.

"Notwithstanding the latest tweet from President Trump that some restrictions on Huawei had been eased, global equity markets have continued to underestimate the relentless expansion of the US-China trade dispute," wrote Sean Darby, chief global equity strategist at Jefferies.

"The progression from tariffs, to direct actions against single Chinese companies and their inter-linked supply chains, has a wide-ranging impact on profitability for corporates in both economies that investors will find difficult to quantify."

The dollar traded at 110.570 yen after popping up to a two-week high of 110.675 against the safe-haven Japanese currency overnight as US yields rose in the wake of gains by Wall Street shares.

The euro was little changed at $1.1165 after brushing a 2-1/2-week trough of $1.1142.

The pound was steady at $1.2710. Sterling had sunk to a four-month low of $1.2685 on Tuesday on Brexit worries but bounced back after British Prime Minister Theresa May proposed a "new" Brexit deal.

The Australian dollar, sensitive to shifts in risk sentiment, inched down 0.05% to $0.6882. The currency had suffered losses the previous day when Australia's central bank governor said interest rates might be cut as soon as next month.

In commodities, US West Texas Intermediate (WTI) crude futures were down 0.89% at $62.57 per barrel after American Petroleum Institute data showed that US crude stockpiles rose unexpectedly last week.

Oil was also pressured by Saudi Arabia reiterating that it would aim to keep the market balanced and try to reduce tensions in the Middle East.

Brent crude futures lost 0.47% to $71.84 per barrel.

Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies.

Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies. The Chinese markets, which have endured a volatile few months, started off on a cautious note. The Shanghai Composite Index was last down 0.1%. Australian stocks gave up 0.1% and South Korea's KOSPI fell 0.2%. Japan's Nikkei edged up 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan moved in and out of the red and last stood little changed. "Some in the markets will continue to cling on to hopes of the United States and China reaching an agreement at the upcoming G20 meeting," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. "But the ongoing trade conflict looks to be a protracted one, and its potentially negative impact on various economies is becoming a running concern." Leaders from G20 nations are scheduled to gather for a summit in Japan at the end of June. The US Commerce Department on Monday granted Huawei Technologies Co Ltd a license to buy US goods until August 19, a move intended to give telecom operators that rely on Huawei time to make other arrangements. The United States blocked Huawei from buying US goods last week in a major escalation in the trade war against China, saying the firm was involved in activities contrary to national security. Shares of technology companies helped lift Wall Street on Tuesday after Washington's easing of curbs on Huawei. Chipmakers, many of which sell to Huawei, had been hit at the start of the week. "Notwithstanding the latest tweet from President Trump that some restrictions on Huawei had been eased, global equity markets have continued to underestimate the relentless expansion of the US-China trade dispute," wrote Sean Darby, chief global equity strategist at Jefferies. "The progression from tariffs, to direct actions against single Chinese companies and their inter-linked supply chains, has a wide-ranging impact on profitability for corporates in both economies that investors will find difficult to quantify." The dollar traded at 110.570 yen after popping up to a two-week high of 110.675 against the safe-haven Japanese currency overnight as US yields rose in the wake of gains by Wall Street shares. The euro was little changed at $1.1165 after brushing a 2-1/2-week trough of $1.1142. The pound was steady at $1.2710. Sterling had sunk to a four-month low of $1.2685 on Tuesday on Brexit worries but bounced back after British Prime Minister Theresa May proposed a "new" Brexit deal. The Australian dollar, sensitive to shifts in risk sentiment, inched down 0.05% to $0.6882. The currency had suffered losses the previous day when Australia's central bank governor said interest rates might be cut as soon as next month. In commodities, US West Texas Intermediate (WTI) crude futures were down 0.89% at $62.57 per barrel after American Petroleum Institute data showed that US crude stockpiles rose unexpectedly last week. Oil was also pressured by Saudi Arabia reiterating that it would aim to keep the market balanced and try to reduce tensions in the Middle East. Brent crude futures lost 0.47% to $71.84 per barrel.

Asia stocks fragile as trade anxiety overshadows Huawei reprieve

Chinese tech giant Huawei's top executive in the European Union is lashing out at the Trump administration's recently announced trade ban on the company and says other firms should be worried, too.

Huawei says it's a 'victim of bullying by the US administration'

<a href="https://www.wionews.com/india-news/indian-air-force-rafale-office-broken-into-in-france-220615">Indian Air Force Rafale office broken into in France in possible espionage attempt</a>

Unidentified persons broke into the Indian&nbsp;Rafale&nbsp;project management team office in France on Sunday night in a possible espionage attempt to steal data related to the aircraft critical to India's national security plans.

<a href="https://www.wionews.com/world/huawei-unwanted-asian-shops-shun-phone-trade-ins-on-google-suspension-worries-220614">Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries</a>

Mobile phone retailers in some Asian countries are refusing to accept&nbsp;Huawei devices&nbsp;for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.

<a href="https://www.wionews.com/india-news/government-clears-names-of-4-judges-for-elevation-to-supreme-court-220602">Government clears names of 4 judges for elevation to Supreme Court</a>

The government is learnt to have cleared the names of&nbsp;four judges for their elevation to the Supreme Court, sources said Wednesday. Once the appointments formally come through, the top court will have its full sanctioned strength of 31 judges (including the chief justice). As of now, the apex court is functioning with 27 judges.

&nbsp;

<a href="https://www.wionews.com/india-general-elections-2019/lok-sabha-polls-2019-maintain-law-order-and-peace-ministry-of-home-affairs-alerts-state-authorities-for-possible-violence-on-counting-day-220626">Lok Sabha polls 2019: Home Ministry alerts state authorities of possible violence on counting day</a> 
Ahead of the counting of votes, the Ministry of Home Affairs on Wednesday issued an alert to State Chief Secretaries and DsGP regarding the possibility of eruption of violence in different parts of the country on the counting day.&nbsp;

<a href="https://www.wionews.com/world/get-ready-for-difficult-times-chinas-xi-warns-during-trade-war-220625">Get ready for difficult times, China's Xi warns during trade war</a>

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.

&nbsp;

Indian Air Force Rafale office broken into in France in possible espionage attempt Unidentified persons broke into the Indian Rafale project management team office in France on Sunday night in a possible espionage attempt to steal data related to the aircraft critical to India's national security plans.

Indian Air Force Rafale office broken into in France in possible espionage attempt Unidentified persons broke into the Indian Rafale project management team office in France on Sunday night in a possible espionage attempt to steal data related to the aircraft critical to India's national security plans. Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services. Government clears names of 4 judges for elevation to Supreme Court The government is learnt to have cleared the names of four judges for their elevation to the Supreme Court, sources said Wednesday. Once the appointments formally come through, the top court will have its full sanctioned strength of 31 judges (including the chief justice). As of now, the apex court is functioning with 27 judges. Lok Sabha polls 2019: Home Ministry alerts state authorities of possible violence on counting day Ahead of the counting of votes, the Ministry of Home Affairs on Wednesday issued an alert to State Chief Secretaries and DsGP regarding the possibility of eruption of violence in different parts of the country on the counting day. Get ready for difficult times, China's Xi warns during trade war China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.

News brief: Big stories of the day

Mobile phone retailers in some Asian countries are refusing to accept <a href="https://www.wionews.com/world/us-eases-some-restrictions-on-chinas-huawei-to-keep-networks-operating-220249/amp">Huawei devices </a>for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.

Google has said it will comply with an order by US President Donald Trump to stop supplying Huawei, meaning current owners of Huawei phones face being cut off from updates of the Android operating system from late August. New phones will lose access to popular apps such as YouTube and Chrome.

Against this backdrop, some customers in Singapore and the Philippines have rushed to sell their Huawei phones, according to retailers and online marketplace data.

But there are few takers.

"If we buy something that is useless, how are we going to sell it?," said Dylan On, a salesman at Wanying Pte Ltd, a Singapore retail and repair shop.

"It's not that Huawei is a bad product. It's a very good product. It's just that nobody wants to buy it now because of U.S. policy," he said, adding he was looking to sell existing Huawei stock online to overseas buyers in hopes they are less aware of current events.

Huawei did not respond to a request for comment.

The company has said it is developing its own phone software and it can still use an "open source" <a href="https://www.wionews.com/photos/after-android-ban-will-huawei-develop-own-operation-system-220186">version of Android</a> that lacks access to Google apps. Huawei also went ahead with a new phone launch in Britain on Tuesday, even as the number of users trading in their devices rose in Asia.

Previously, about five people a day were looking to trade in their Huawei phones, but that has jumped to 20 in the last two days, said Zack, a salesman at Mobile Square in Singapore who declined to give his last name.

"Normally, you would see people wanting to trade their old phones as they want to replace them with new ones," he added. "Now you're seeing people wanting to trade in the latest one."

Carousell, Singapore's most popular online marketplace, said the number of Huawei phone sales more than doubled the day the US order was announced.

Huawei smartphones had a 14 per cent share of the Singapore market last year, according to research firm Canalys.

Philippines

Mobile phone retailers in the Philippines are also staying away from Huawei products.

"We are no longer accepting Huawei phones. It will not be bought by our clients anymore," Hamida Norhamida, a saleswoman of new and used phones in Manila's Greenhills shopping centre told Reuters, adding that she felt relieved to have sold off her stock of Huawei P30 Pro ahead of Google's Monday announcement.

Another phone salesperson at Greenhills said she would only buy Huawei phones at a 50% discount.

"Selling it will be a gamble," said the saleswoman, who would give her name only as Thelma.

But some see this as an opportunity to get a quality phone on the cheap. "My immediate reaction was worry that my current Huawei could be worthless," Xin Yi, a 24-year-old student from Singapore, told Reuters. "But Google said current Huawei users will not be affected ... after that, I was relieved."

She added that she was now in the market for a new Huawei model at a marked-down price.

Earlier on Wednesday, Japanese telcos KKDI Corp and SoftBank Corp's low-cost mobile brand Ymobile said they would delay the launch of Huawei P30 Lite smartphone which was due to go on sale on Friday.

Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.

Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services. Google has said it will comply with an order by US President Donald Trump to stop supplying Huawei, meaning current owners of Huawei phones face being cut off from updates of the Android operating system from late August. New phones will lose access to popular apps such as YouTube and Chrome. Against this backdrop, some customers in Singapore and the Philippines have rushed to sell their Huawei phones, according to retailers and online marketplace data. But there are few takers. "If we buy something that is useless, how are we going to sell it?," said Dylan On, a salesman at Wanying Pte Ltd, a Singapore retail and repair shop. "It's not that Huawei is a bad product. It's a very good product. It's just that nobody wants to buy it now because of U.S. policy," he said, adding he was looking to sell existing Huawei stock online to overseas buyers in hopes they are less aware of current events. Huawei did not respond to a request for comment. The company has said it is developing its own phone software and it can still use an "open source" version of Android that lacks access to Google apps. Huawei also went ahead with a new phone launch in Britain on Tuesday, even as the number of users trading in their devices rose in Asia. Previously, about five people a day were looking to trade in their Huawei phones, but that has jumped to 20 in the last two days, said Zack, a salesman at Mobile Square in Singapore who declined to give his last name. "Normally, you would see people wanting to trade their old phones as they want to replace them with new ones," he added. "Now you're seeing people wanting to trade in the latest one." Carousell, Singapore's most popular online marketplace, said the number of Huawei phone sales more than doubled the day the US order was announced. Huawei smartphones had a 14 per cent share of the Singapore market last year, according to research firm Canalys. Philippines Mobile phone retailers in the Philippines are also staying away from Huawei products. "We are no longer accepting Huawei phones. It will not be bought by our clients anymore," Hamida Norhamida, a saleswoman of new and used phones in Manila's Greenhills shopping centre told Reuters, adding that she felt relieved to have sold off her stock of Huawei P30 Pro ahead of Google's Monday announcement. Another phone salesperson at Greenhills said she would only buy Huawei phones at a 50% discount. "Selling it will be a gamble," said the saleswoman, who would give her name only as Thelma. But some see this as an opportunity to get a quality phone on the cheap. "My immediate reaction was worry that my current Huawei could be worthless," Xin Yi, a 24-year-old student from Singapore, told Reuters. "But Google said current Huawei users will not be affected ... after that, I was relieved." She added that she was now in the market for a new Huawei model at a marked-down price. Earlier on Wednesday, Japanese telcos KKDI Corp and SoftBank Corp's low-cost mobile brand Ymobile said they would delay the launch of Huawei P30 Lite smartphone which was due to go on sale on Friday.

Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.

The two countries are locked in tit-for-tat tariff increases on each other's imports, after talks broke down to resolve their dispute.

Acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd, a potentially devastating blow for the company that has rattled technology supply chains and investors.

During a three-day trip this week to the southern province of Jiangxi, one of the cradles of China's Communist revolution, Xi urged people to learn the lessons of hardship of the past.

"Today, on the new Long March, we must overcome various major risks and challenges from home and abroad and win new victories for socialism with Chinese characteristics," state news agency Xinhua paraphrased Xi as saying.

"Our country is still in a period of important strategic opportunities for development, but the international situation is increasingly complicated," he added.

"We must be conscious of the long-term and complex nature of various unfavourable factors at home and abroad, and appropriately prepare for various difficult situations."

The report did not elaborate on those difficulties, and nor was there a direct mention of the trade war or of the United States.

Xi also talked about the importance of technology, and "emphasised that technology innovation is the lifeblood of companies".

"Only by having indigenous intellectual property and core technology can products possessing core competitiveness be produced, and only then can an invincible position be attained amid fierce competition."

China must master more core technologies and seize the "high ground" in industrial development, he added.

Xi visited a rare earths firm too, sparking speculation the sector could be the next front in the Sino-US trade war.

Xi learned in detail about China's rare earth resource situation, exploitation techniques, applications, and environmental protection measures, Xinhua said.

"Rare earths are important strategic resources, and are non-renewable resources."

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington. The two countries are locked in tit-for-tat tariff increases on each other's imports, after talks broke down to resolve their dispute. Acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd, a potentially devastating blow for the company that has rattled technology supply chains and investors. During a three-day trip this week to the southern province of Jiangxi, one of the cradles of China's Communist revolution, Xi urged people to learn the lessons of hardship of the past. "Today, on the new Long March, we must overcome various major risks and challenges from home and abroad and win new victories for socialism with Chinese characteristics," state news agency Xinhua paraphrased Xi as saying. "Our country is still in a period of important strategic opportunities for development, but the international situation is increasingly complicated," he added. "We must be conscious of the long-term and complex nature of various unfavourable factors at home and abroad, and appropriately prepare for various difficult situations." The report did not elaborate on those difficulties, and nor was there a direct mention of the trade war or of the United States. Xi also talked about the importance of technology, and "emphasised that technology innovation is the lifeblood of companies". "Only by having indigenous intellectual property and core technology can products possessing core competitiveness be produced, and only then can an invincible position be attained amid fierce competition." China must master more core technologies and seize the "high ground" in industrial development, he added. Xi visited a rare earths firm too, sparking speculation the sector could be the next front in the Sino-US trade war. Xi learned in detail about China's rare earth resource situation, exploitation techniques, applications, and environmental protection measures, Xinhua said. "Rare earths are important strategic resources, and are non-renewable resources."

Get ready for difficult times, China's Xi warns during trade war

When news broke that Google suspended business with Huawei, the world's second-biggest phone maker, possibly affecting future apps, Singapore Eugene Teo saw an opportunity to get his dream phone, the Huawei P30, for cheap.

Singapore Huawei fan pounce on phone fears to buy on the cheap

The US has hit China where it hurts by going after its <a href="https://www.wionews.com/world/us-department-of-homeland-security-warns-of-data-threat-from-chinese-made-drones-220524">telecom champion Huawei</a>, but Beijing's control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war.

A seemingly routine visit by President Xi Jinping to a Chinese rare earths company this week is being widely read as an obvious threat that Beijing is standing ready for action.

"We should firmly grasp the strategic basis of technological innovation, master more key core technologies and seize the commanding heights of industry development," Xi said during the visit, the official Xinhua news agency reported Wednesday.

"Rare earth is not only an important strategic resource, but also a non-renewable resource," he added, in comments likely to further fuel speculation.

However, analysts say China appears apprehensive to target the minerals just yet, possibly fearful of shooting itself in the foot by hastening a global search for alternative supplies of the commodities.

Watch: Huawei says it's a 'victim of bullying by the US administration'

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Xi's inspection tour "is no accident, this didn't happen by chance," said Li Mingjiang, China programme coordinator at the Rajaratnam School of International Studies (RSIS) in Singapore.

"At this moment, clearly the policy circles in China are considering the possibility of using a rare earth exports ban as a policy weapon against the US."

The United States last week threatened to cut supplies of US technology needed by Chinese telecom champion Huawei, which Washington suspects is in bed with China's military.

The US move has fanned speculation that Xi could impose retaliatory measures and in an indication of the importance of rare earths to the US, Washington did not include them in a tariffs increase on Chinese goods this month.

China has leverage

China occupies a commanding position, producing more than 95 per cent of the world's rare earths, and the United States relies on China for upwards of 80 per cent of its imports.

Rare earths are 17 elements critical to manufacturing everything from smartphones and televisions to cameras and lightbulbs.

That gives Beijing tremendous leverage in what is shaping up largely as a battle between the US and China over who will own the future of high-tech.

"China could shut down nearly every automobile, computer, smartphone and aircraft assembly line outside of China if they chose to embargo these materials," James Kennedy, president of ThREE Consulting, wrote Tuesday in National Defense, a US industry publication.

China has been accused of using its rare earth leverage for political reasons before.

Japanese industry sources said it temporarily cut off exports in 2010 as a territorial row flared between the Asian rivals, charges that Beijing denied.

In 2014, the World Trade Organization ruled the country had violated global trade rules by restricting exports of the minerals.&nbsp;

The case was brought by the United States, European Union and Japan, which accused China of curbing exports to give its tech companies an edge over foreign rivals. China has cited environmental damage from mining and the need to conserve supplies as the reason for any past limits on output.

While disruptive, any leverage gained from a supply block may be short-lived, experts said.

"This would accelerate moves to find alternative supply sources," said Kokichiro Mio, who studies China's economy at NLI Research Institute.

Empty threat?

China is not the only country with sizeable reserves of rare earths.

The United States Geological Survey estimated last year there were 120 million tons of deposits worldwide including 44 million in China, 22 million in Brazil and 18 million in Russia.

China is the leading producer partly because the environmental risks deter some countries from harvesting their own deposits. Mining rare earths creates toxic waste and the potential release of harmful radioactive tailings.

"There is a possibility that China would go ahead (with export curbs) but chances are what we are seeing now is just a threat," Mio said.

"The US would be in trouble over a short period of time. But it is unlikely that they (China) want to pour oil on the flames."

During Monday's visit, Xi was accompanied by Vice Premier Liu He, who has led China in fraught trade negotiations with Washington -- a fact not lost on China-watchers.

State media coverage of the visit was dry, but a commentary on a social media account run by the Communist Party mouthpiece, the People's Daily, stressed China's dominance in the global supply chain and the relative paucity of US output.

Meanwhile, cutting off the United States would mark a sharp escalation that Beijing may not have the stomach for, said Li of the RSIS.

"The difference is the US is targeting specific Chinese companies. If China targets the US as a country... that may be regarded by the US and the world as a significant escalation of the trade war," he said.

The US has hit China where it hurts by going after its telecom champion Huawei, but Beijing's control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war.

The US has hit China where it hurts by going after its telecom champion Huawei, but Beijing's control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war. A seemingly routine visit by President Xi Jinping to a Chinese rare earths company this week is being widely read as an obvious threat that Beijing is standing ready for action. "We should firmly grasp the strategic basis of technological innovation, master more key core technologies and seize the commanding heights of industry development," Xi said during the visit, the official Xinhua news agency reported Wednesday. "Rare earth is not only an important strategic resource, but also a non-renewable resource," he added, in comments likely to further fuel speculation. However, analysts say China appears apprehensive to target the minerals just yet, possibly fearful of shooting itself in the foot by hastening a global search for alternative supplies of the commodities. Watch: Huawei says it's a 'victim of bullying by the US administration' × Xi's inspection tour "is no accident, this didn't happen by chance," said Li Mingjiang, China programme coordinator at the Rajaratnam School of International Studies (RSIS) in Singapore. "At this moment, clearly the policy circles in China are considering the possibility of using a rare earth exports ban as a policy weapon against the US." The United States last week threatened to cut supplies of US technology needed by Chinese telecom champion Huawei, which Washington suspects is in bed with China's military. The US move has fanned speculation that Xi could impose retaliatory measures and in an indication of the importance of rare earths to the US, Washington did not include them in a tariffs increase on Chinese goods this month. China has leverage China occupies a commanding position, producing more than 95 per cent of the world's rare earths, and the United States relies on China for upwards of 80 per cent of its imports. Rare earths are 17 elements critical to manufacturing everything from smartphones and televisions to cameras and lightbulbs. That gives Beijing tremendous leverage in what is shaping up largely as a battle between the US and China over who will own the future of high-tech. "China could shut down nearly every automobile, computer, smartphone and aircraft assembly line outside of China if they chose to embargo these materials," James Kennedy, president of ThREE Consulting, wrote Tuesday in National Defense, a US industry publication. China has been accused of using its rare earth leverage for political reasons before. Japanese industry sources said it temporarily cut off exports in 2010 as a territorial row flared between the Asian rivals, charges that Beijing denied. In 2014, the World Trade Organization ruled the country had violated global trade rules by restricting exports of the minerals. The case was brought by the United States, European Union and Japan, which accused China of curbing exports to give its tech companies an edge over foreign rivals. China has cited environmental damage from mining and the need to conserve supplies as the reason for any past limits on output. While disruptive, any leverage gained from a supply block may be short-lived, experts said. "This would accelerate moves to find alternative supply sources," said Kokichiro Mio, who studies China's economy at NLI Research Institute. Empty threat? China is not the only country with sizeable reserves of rare earths. The United States Geological Survey estimated last year there were 120 million tons of deposits worldwide including 44 million in China, 22 million in Brazil and 18 million in Russia. China is the leading producer partly because the environmental risks deter some countries from harvesting their own deposits. Mining rare earths creates toxic waste and the potential release of harmful radioactive tailings. "There is a possibility that China would go ahead (with export curbs) but chances are what we are seeing now is just a threat," Mio said. "The US would be in trouble over a short period of time. But it is unlikely that they (China) want to pour oil on the flames." During Monday's visit, Xi was accompanied by Vice Premier Liu He, who has led China in fraught trade negotiations with Washington -- a fact not lost on China-watchers. State media coverage of the visit was dry, but a commentary on a social media account run by the Communist Party mouthpiece, the People's Daily, stressed China's dominance in the global supply chain and the relative paucity of US output. Meanwhile, cutting off the United States would mark a sharp escalation that Beijing may not have the stomach for, said Li of the RSIS. "The difference is the US is targeting specific Chinese companies. If China targets the US as a country... that may be regarded by the US and the world as a significant escalation of the trade war," he said.

Fears rise China could weaponise rare earths in US tech war

Major British-based chip designer ARM is suspending business with China's Huawei to comply with US regulations, the BBC reported on Wednesday, citing internal company documents.

ARM instructed employees to halt "all active contracts, support entitlements, and any pending engagements" with Huawei and its subsidiaries, the BBC said.

No one from ARM, one of the world's biggest chip designers alongside Intel, was immediately available for comment.

ARM, owned by Japanese investor Softbank, said in an <a href="https://www.wionews.com/world/google-suspends-some-business-with-huawei-after-trump-blacklist-source-220001">internal company memo </a>that its designs contained technology of US origin, the BBC reported.

ARM staff were informed of the decision on May 16, after the United States added Huawei to a list of companies with which US firms could not do business.&nbsp;

ARM has offices in California, Washington, Texas and Massachusetts.

ARM told staff they were no longer allowed to "provide support, delivery technology (whether software, code, or other updates), engage in technical discussions, or otherwise discuss technical matters" with Huawei, according to the memo seen by the BBC.

Major British-based chip designer ARM is suspending business with China's Huawei to comply with US regulations, the BBC reported on Wednesday, citing internal company documents.

Major British-based chip designer ARM is suspending business with China's Huawei to comply with US regulations, the BBC reported on Wednesday, citing internal company documents. ARM instructed employees to halt "all active contracts, support entitlements, and any pending engagements" with Huawei and its subsidiaries, the BBC said. No one from ARM, one of the world's biggest chip designers alongside Intel, was immediately available for comment. ARM, owned by Japanese investor Softbank, said in an internal company memo that its designs contained technology of US origin, the BBC reported. ARM staff were informed of the decision on May 16, after the United States added Huawei to a list of companies with which US firms could not do business. ARM has offices in California, Washington, Texas and Massachusetts. ARM told staff they were no longer allowed to "provide support, delivery technology (whether software, code, or other updates), engage in technical discussions, or otherwise discuss technical matters" with Huawei, according to the memo seen by the BBC.

UK chip designer ARM to suspend business with Huawei: Report

After Android ban, will Huawei develop own operation system?

Chinese telecom giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder told Japanese media.

'Will not bow to US pressure': Huawei CEO Ren Zhengfei

Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasised the Chinese company's technology but made no reference of a possible rupture with Google.

Huawei, the world's second-biggest phone maker, runs its devices on Google's Android platform but the US Commerce Department blocked Huawei from buying US goods last week, throwing future software updates into question.

On Tuesday, the United States temporarily eased restrictions on Huawei, granting the Chinese phonemaker a licence to buy US goods until August 19, meaning that updates of popular Google apps like Gmail and YouTube can continue until then.

George Zhao, president of Huawei's youth-focused brand Honor, told hundreds of reporters, bloggers and analysts that he was "really happy to see so many friends" at the event.

He unveiled the Honor 20 Pro, Honor 20 and Honor 20 Lite, which will retail at 599 euros ($669), 499 euros and 299 euros respectively.

Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasised the Chinese company's technology but made no reference of a possible rupture with Google.

Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasised the Chinese company's technology but made no reference of a possible rupture with Google. Huawei, the world's second-biggest phone maker, runs its devices on Google's Android platform but the US Commerce Department blocked Huawei from buying US goods last week, throwing future software updates into question. On Tuesday, the United States temporarily eased restrictions on Huawei, granting the Chinese phonemaker a licence to buy US goods until August 19, meaning that updates of popular Google apps like Gmail and YouTube can continue until then. George Zhao, president of Huawei's youth-focused brand Honor, told hundreds of reporters, bloggers and analysts that he was "really happy to see so many friends" at the event. He unveiled the Honor 20 Pro, Honor 20 and Honor 20 Lite, which will retail at 599 euros ($669), 499 euros and 299 euros respectively.

Huawei launches new Honor phones, doesn't mention Android

US stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington's move to temporarily ease curbs on China's Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries.

Chipmakers, which bore the brunt of Monday's sell-off, rose after the United States granted the Chinese telecoms equipment maker a license to buy US goods until Aug. 19.

The Philadelphia Semiconductor Index gained 2.27% and was on track to end a three-day slump. Shares of Huawei suppliers such as Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc rose between 2.4% and 4%.

The broader S&amp;P 500 technology sector rose 1.33%, the most among the 10 major S&amp;P sectors trading higher.

"The latest news on Huawei shows that there is still room for trade negotiations with China," said Aaron Clark, portfolio manager at GW&amp;K Investment Management.

"Technology stocks have been at the forefront of trade-related news and particularly semiconductors have faced some pain points, more so than others."

US President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker and triggering fears of a rippling effect on the global technology sector.

Reuters reported on Sunday that Alphabet Inc's Google would stop providing Huawei access to its proprietary apps and services. But Huawei said on Tuesday it was working closely with the US company to resolve the restrictions.

The S&amp;P 500 index is now 3% away from its all-time high scaled earlier in May, hit by recent selling pressure on mounting concerns about a prolonged US-China trade war. Still, the benchmark index is set to post its worst monthly decline this year.

At 11:09 a.m. ET, the Dow Jones Industrial Average was up 155.07 points, or 0.60%, at 25,834.97. The S&amp;P 500 was up 24.02 points, or 0.85%, at 2,864.25 and the Nasdaq Composite was up 83.46 points, or 1.08%, at 7,785.84.

The defensive consumer staples was the only major S&amp;P sector trading lower, down 0.16%.

Investors also largely shrugged off disappointing results from a handful of retailers.

Kohl's Corp plunged 11%, the most among S&amp;P 500 companies, after the department store operator cut its full-year profit forecast and reported quarterly same-store sales and profit that missed expectations.

Rival J.C. Penney Co Inc fell 9.1% after the company reported a bigger-than-expected fall in quarterly comparable-store sales.

Home Depot Inc shares dipped 0.1% after the home improvement chain reported its slowest growth in quarterly same-store sales in at least three years.

With over 460 of S&amp;P 500 companies having posted first-quarter results, 75.2% have topped analysts' profit expectations. Analysts now expect first-quarter earnings growth of 1.4%, a sharp turnaround from the 2% loss expected on April 1, according to Refinitiv data.

Advancing issues outnumbered decliners by a 4.31-to-1 ratio on the NYSE and by a 2.91-to-1 ratio on the Nasdaq.

The S&amp;P index recorded 26 new 52-week highs and four new lows, while the Nasdaq recorded 41 new highs and 46 new lows.

US stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington's move to temporarily ease curbs on China's Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries.

US stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington's move to temporarily ease curbs on China's Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries. Chipmakers, which bore the brunt of Monday's sell-off, rose after the United States granted the Chinese telecoms equipment maker a license to buy US goods until Aug. 19. The Philadelphia Semiconductor Index gained 2.27% and was on track to end a three-day slump. Shares of Huawei suppliers such as Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc rose between 2.4% and 4%. The broader S&P 500 technology sector rose 1.33%, the most among the 10 major S&P sectors trading higher. "The latest news on Huawei shows that there is still room for trade negotiations with China," said Aaron Clark, portfolio manager at GW&K Investment Management. "Technology stocks have been at the forefront of trade-related news and particularly semiconductors have faced some pain points, more so than others." US President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker and triggering fears of a rippling effect on the global technology sector. Reuters reported on Sunday that Alphabet Inc's Google would stop providing Huawei access to its proprietary apps and services. But Huawei said on Tuesday it was working closely with the US company to resolve the restrictions. The S&P 500 index is now 3% away from its all-time high scaled earlier in May, hit by recent selling pressure on mounting concerns about a prolonged US-China trade war. Still, the benchmark index is set to post its worst monthly decline this year. At 11:09 a.m. ET, the Dow Jones Industrial Average was up 155.07 points, or 0.60%, at 25,834.97. The S&P 500 was up 24.02 points, or 0.85%, at 2,864.25 and the Nasdaq Composite was up 83.46 points, or 1.08%, at 7,785.84. The defensive consumer staples was the only major S&P sector trading lower, down 0.16%. Investors also largely shrugged off disappointing results from a handful of retailers. Kohl's Corp plunged 11%, the most among S&P 500 companies, after the department store operator cut its full-year profit forecast and reported quarterly same-store sales and profit that missed expectations. Rival J.C. Penney Co Inc fell 9.1% after the company reported a bigger-than-expected fall in quarterly comparable-store sales. Home Depot Inc shares dipped 0.1% after the home improvement chain reported its slowest growth in quarterly same-store sales in at least three years. With over 460 of S&P 500 companies having posted first-quarter results, 75.2% have topped analysts' profit expectations. Analysts now expect first-quarter earnings growth of 1.4%, a sharp turnaround from the 2% loss expected on April 1, according to Refinitiv data. Advancing issues outnumbered decliners by a 4.31-to-1 ratio on the NYSE and by a 2.91-to-1 ratio on the Nasdaq. The S&P index recorded 26 new 52-week highs and four new lows, while the Nasdaq recorded 41 new highs and 46 new lows.

Tech stocks lead rally on Wall Street after Huawei breather

The US government on Monday temporarily eased some trade <a href="https://www.wionews.com/world/google-suspends-some-business-with-huawei-after-trump-blacklist-source-220001">restrictions imposed last week on China's Huawei</a>, a move that sought to minimize disruption for the telecom company's customers around the world.

The <a href="https://www.wionews.com/world/huawei-responds-to-android-ban-guarantees-security-support-for-smartphones-220101">US Commerce Department will allow Huawei to purchase American-made goods</a> in order to maintain existing networks and provide software updates to existing Huawei handsets.

The company is still prohibited from buying American parts and components to manufacture new products without license approvals that likely will be denied.

The new authorization is intended to give telecommunications providers that rely on Huawei equipment time to make other arrangements, US Secretary of Commerce Wilbur Ross said in a statement.

The authorization, which is in effect for 90 days, suggests changes to Huawei's supply chain may have immediate, far-reaching and unintended consequences for its customers.

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"The goal seems to be to prevent internet, computer and cell phone systems from crashing," said Washington lawyer Kevin Wolf, a former Commerce Department official. "This is not a capitulation. This is housekeeping."

Huawei, the world's largest telecommunications equipment maker, did not immediately respond to a request for comment.

The Commerce Department said it will evaluate whether to extend the exemptions beyond 90 days.

On Thursday, the US Commerce Department added Huawei and 68 entities to an export blacklist that makes it nearly impossible for the Chinese company to purchase goods made in the United States.

The companies on the list are deemed to be engaged in activities contrary to the national security or foreign policy interests of the United States.

Reuters reported Friday that the department was considering a temporary easing, citing a government spokeswoman.

Monday's announcement said the authorization was created as a temporary general license, in effect until August 19.

The license also allows disclosures of security vulnerabilities and for Huawei to engage in the development of standards for future 5G networks.

Reuters reported Sunday that Alphabet Inc’s Google suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, citing a source familiar with the matter.

Google did not immediately respond to a request for comment on the new authorization.

Out of $70 billion Huawei spent buying components in 2018, some $11 billion went to US firms including Qualcomm, Intel Corp and Micron Technology Inc.

"I think this is a reality check," said Washington trade lawyer Douglas Jacobson. "It shows how pervasive Huawei goods and technology are around the globe and if the US imposes restrictions, that has impacts."

Jacobson said the effort to keep existing networks operating appeared aimed at telecom providers in Europe and other countries where Huawei equipment is pervasive.

The move also could assist mobile service providers in thinly populated areas of the US, such as Wyoming and eastern Oregon, that purchased network equipment from Huawei in recent years.

Wolf, the former Commerce official, said the temporary license was similar to action taken by the department in July to prevent systems from crashing after the US banned China's ZTE Corp, a smaller Huawei rival, from buying American-made components in April.

The US trade ban on ZTE wreaked havoc at wireless carriers in Europe and South Asia, sources told Reuters at the time.

The ban on ZTE was lifted July 13 after the company struck an agreement with the Commerce Department that included a $1 billion fine plus $400 million in escrow and replacement of its board of directors and senior management. ZTE, which had ceased major operations as a result of the ban, then resumed business.

The US government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, a move that sought to minimize disruption for the telecom company's customers around the world.

The US government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, a move that sought to minimize disruption for the telecom company's customers around the world. The US Commerce Department will allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets. The company is still prohibited from buying American parts and components to manufacture new products without license approvals that likely will be denied. The new authorization is intended to give telecommunications providers that rely on Huawei equipment time to make other arrangements, US Secretary of Commerce Wilbur Ross said in a statement. The authorization, which is in effect for 90 days, suggests changes to Huawei's supply chain may have immediate, far-reaching and unintended consequences for its customers. "The goal seems to be to prevent internet, computer and cell phone systems from crashing," said Washington lawyer Kevin Wolf, a former Commerce Department official. "This is not a capitulation. This is housekeeping." Huawei, the world's largest telecommunications equipment maker, did not immediately respond to a request for comment. The Commerce Department said it will evaluate whether to extend the exemptions beyond 90 days. On Thursday, the US Commerce Department added Huawei and 68 entities to an export blacklist that makes it nearly impossible for the Chinese company to purchase goods made in the United States. The companies on the list are deemed to be engaged in activities contrary to the national security or foreign policy interests of the United States. Reuters reported Friday that the department was considering a temporary easing, citing a government spokeswoman. Monday's announcement said the authorization was created as a temporary general license, in effect until August 19. The license also allows disclosures of security vulnerabilities and for Huawei to engage in the development of standards for future 5G networks. Reuters reported Sunday that Alphabet Inc’s Google suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, citing a source familiar with the matter. Google did not immediately respond to a request for comment on the new authorization. Out of $70 billion Huawei spent buying components in 2018, some $11 billion went to US firms including Qualcomm, Intel Corp and Micron Technology Inc. "I think this is a reality check," said Washington trade lawyer Douglas Jacobson. "It shows how pervasive Huawei goods and technology are around the globe and if the US imposes restrictions, that has impacts." Jacobson said the effort to keep existing networks operating appeared aimed at telecom providers in Europe and other countries where Huawei equipment is pervasive. The move also could assist mobile service providers in thinly populated areas of the US, such as Wyoming and eastern Oregon, that purchased network equipment from Huawei in recent years. Wolf, the former Commerce official, said the temporary license was similar to action taken by the department in July to prevent systems from crashing after the US banned China's ZTE Corp, a smaller Huawei rival, from buying American-made components in April. The US trade ban on ZTE wreaked havoc at wireless carriers in Europe and South Asia, sources told Reuters at the time. The ban on ZTE was lifted July 13 after the company struck an agreement with the Commerce Department that included a $1 billion fine plus $400 million in escrow and replacement of its board of directors and senior management. ZTE, which had ceased major operations as a result of the ban, then resumed business.

US delays Huawei ban for 90 days

The Trump administration gave a little ground today in its dispute with Chinese tech giant Huawei. It is backing off on restrictions placed on the company less than a week ago. The Commerce Department had barred U.S. companies from doing business with Huawei unless they received a special license. The idea was to hurt Huawei, but U.S. tech company stocks were caught in the crossfire.

Google restricts Huawei's access to Android systems

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade but stayed close to a four-month low touched on Friday. It has fallen about 8% from a nine-month peak hit just over a month ago. Japan's Nikkei fell 0.5%.

In New York, the S&amp;P 500 lost 0.67% while the Nasdaq Composite dropped 1.46%. The Philadelphia Semiconductor Index fell 4.02% to two-month lows. Apple fell 3.1% to its lowest level since early March.

"With the news around the US and Huawei taking a turn for the worse, it seems that the trade war is increasingly showing signs of becoming a tech war," said Seema Shah, senior global investment Strategist at Principal Global Investors in London. "The further this trend develops, the bigger the collateral damage will be – particularly in Asia and the US, but the ripple effect will be significant across the globe."

The US government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, allowing the company to purchase American-made goods to maintain existing networks and provide software updates to existing Huawei handsets for 90 days.

But that was of little comfort for investors who are worried about increasingly acrimonious atmosphere between the world's two biggest economies.

Some US&nbsp;companies, such as Alphabet's Google and Lumentum Holdings Inc, have already started to limit services to Huawei.

"The determination of the US administration to paralyse China's aspirations to become a technology superpower is clear when you consider that its actions against Huawei are not only damaging to China’s technology sector, but also the US tech sector," Shah said.

Corporate earnings guidance provided to investors so far does not take into account the impact of the Huawei ban, said Nobuhiko Kuramochi, chief strategist at Mizuho Securities.

"The sales of semi-conductors will be curtailed at least in the short-term and companies will likely need to revise down their earnings," he said.

Markets showed scant reaction to speech by Federal Reserve Chairman Jerome Powell, who dismissed comparisons between the rise of business debt to record levels in recent years and the conditions in US&nbsp;mortgage markets that preceded the 2007-to-2009 economic crisis.

In the foreign exchange market, major currencies were on the sideline for now.

The euro was under pressure ahead of the European election this weekend but was little moved at $1.1169, off Monday's low of $1.1150, its lowest level since May 3.

The dollar slipped slightly to 110.05 yen from Monday's near two-week high of 110.32 yen.

The British pound is listless near four-months, trading at $1.2728, just a stone throw from Friday's low of $1.2714, as an embattled UK Prime Minister Theresa May struggled to pull together a Brexit deal.

The offshore yuan stood at 6.9403 to the dollar, just above Friday's 5-1/2-month low of 6.9497.

Oil prices held near multi-week highs as OPEC indicated it was likely to maintain production cuts while escalating Middle East tensions provided further support.

Brent crude futures traded up 0.1% at $72.07 per barrel while US crude futures fetched $63.30 per barrel, up 0.3 per cent.

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade but stayed close to a four-month low touched on Friday. It has fallen about 8% from a nine-month peak hit just over a month ago. Japan's Nikkei fell 0.5%. In New York, the S&P 500 lost 0.67% while the Nasdaq Composite dropped 1.46%. The Philadelphia Semiconductor Index fell 4.02% to two-month lows. Apple fell 3.1% to its lowest level since early March. "With the news around the US and Huawei taking a turn for the worse, it seems that the trade war is increasingly showing signs of becoming a tech war," said Seema Shah, senior global investment Strategist at Principal Global Investors in London. "The further this trend develops, the bigger the collateral damage will be – particularly in Asia and the US, but the ripple effect will be significant across the globe." The US government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, allowing the company to purchase American-made goods to maintain existing networks and provide software updates to existing Huawei handsets for 90 days. But that was of little comfort for investors who are worried about increasingly acrimonious atmosphere between the world's two biggest economies. Some US companies, such as Alphabet's Google and Lumentum Holdings Inc, have already started to limit services to Huawei. "The determination of the US administration to paralyse China's aspirations to become a technology superpower is clear when you consider that its actions against Huawei are not only damaging to China’s technology sector, but also the US tech sector," Shah said. Corporate earnings guidance provided to investors so far does not take into account the impact of the Huawei ban, said Nobuhiko Kuramochi, chief strategist at Mizuho Securities. "The sales of semi-conductors will be curtailed at least in the short-term and companies will likely need to revise down their earnings," he said. Markets showed scant reaction to speech by Federal Reserve Chairman Jerome Powell, who dismissed comparisons between the rise of business debt to record levels in recent years and the conditions in US mortgage markets that preceded the 2007-to-2009 economic crisis. In the foreign exchange market, major currencies were on the sideline for now. The euro was under pressure ahead of the European election this weekend but was little moved at $1.1169, off Monday's low of $1.1150, its lowest level since May 3. The dollar slipped slightly to 110.05 yen from Monday's near two-week high of 110.32 yen. The British pound is listless near four-months, trading at $1.2728, just a stone throw from Friday's low of $1.2714, as an embattled UK Prime Minister Theresa May struggled to pull together a Brexit deal. The offshore yuan stood at 6.9403 to the dollar, just above Friday's 5-1/2-month low of 6.9497. Oil prices held near multi-week highs as OPEC indicated it was likely to maintain production cuts while escalating Middle East tensions provided further support. Brent crude futures traded up 0.1% at $72.07 per barrel while US crude futures fetched $63.30 per barrel, up 0.3 per cent.

Asian shares near four-month lows on Huawei fallout fears

Huawei founder Ren Zhengfei struck a defiant tone Tuesday against <a href="https://www.wionews.com/world/us-eases-some-restrictions-on-chinas-huawei-to-keep-networks-operating-220249">US attempts to block his company's global ambitions</a>, saying the US "underestimates" the telecom giant's strength.

Ren spoke to Chinese state media days after President Donald Trump issued orders aimed at thwarting Huawei's business in the United States, capping months of efforts to stop the company's bid to become the world leader in next-generation 5G technology.

"The current practice of US politicians underestimates our strength," Ren said, according to CCTV.

"Huawei's 5G will absolutely not be affected. In terms of 5G technologies, others won't be able to catch up with Huawei in two or three years," he said.

Last week, Trump declared a "national emergency" empowering him to blacklist companies seen as "an unacceptable risk to the national security of the United States" -- a move analysts said was clearly aimed at Huawei.

At the same time, the US Commerce Department announced the effective ban on American companies selling or transferring US technology to Huawei.

But the Commerce Department on Monday issued a 90-day reprieve on the ban on the transfer of technology.

Ren shrugged off the move, saying Huawei can make its own chips and "can't be isolated" from the world.

Huawei founder Ren Zhengfei struck a defiant tone Tuesday against US attempts to block his company's global ambitions, saying the US "underestimates" the telecom giant's strength.

Huawei founder Ren Zhengfei struck a defiant tone Tuesday against US attempts to block his company's global ambitions, saying the US "underestimates" the telecom giant's strength. Ren spoke to Chinese state media days after President Donald Trump issued orders aimed at thwarting Huawei's business in the United States, capping months of efforts to stop the company's bid to become the world leader in next-generation 5G technology. "The current practice of US politicians underestimates our strength," Ren said, according to CCTV. "Huawei's 5G will absolutely not be affected. In terms of 5G technologies, others won't be able to catch up with Huawei in two or three years," he said. Last week, Trump declared a "national emergency" empowering him to blacklist companies seen as "an unacceptable risk to the national security of the United States" -- a move analysts said was clearly aimed at Huawei. At the same time, the US Commerce Department announced the effective ban on American companies selling or transferring US technology to Huawei. But the Commerce Department on Monday issued a 90-day reprieve on the ban on the transfer of technology. Ren shrugged off the move, saying Huawei can make its own chips and "can't be isolated" from the world.

Huawei founder says US underestimates company, 'can't be isolated'

<a href="https://www.wionews.com/india-general-elections-2019/this-is-nonsense-says-supreme-court-dismissing-pil-seeking-100-vvpat-verification-220408">'This is nonsense,' says Supreme Court dismissing PIL seeking 100% VVPAT verification</a> 
 
A vacation bench headed by Justice Arun Mishra refused to entertain the plea, saying that a larger bench headed by Chief Justice Ranjan Gogoi had already dealt with the matter and passed an order.

<a href="https://www.wionews.com/sports/theres-no-bigger-motivation-than-indian-army-virat-kohli-ahead-of-cricket-world-cup-2019-220427">'There's no bigger motivation than Indian Army,' says Virat Kohli ahead of Cricket World Cup 2019</a> 
 
'If we go in with that motivation that we can do something for the Army, you will see a different level of passion coming out of us,' said Kohli

<a href="https://www.wionews.com/world/huawei-accuses-us-of-bullying-says-working-with-google-to-counter-ban-220421">Huawei accuses US of bullying, says working with Google to counter ban</a> 
 
The US government said it imposed the restrictions because of Huawei's involvement in activities contrary to national security or foreign policy interests.

<a href="https://www.wionews.com/india-general-elections-2019/reports-of-alleged-evm-tampering-are-absolutely-false-election-commission-220417">Reports of alleged EVM tampering are 'absolutely false': Election Commission</a> 
 
The top poll body also stated that any lapse in the handling of reserve EVMs will be investigated and action will be taken against those responsible.&nbsp;

<a href="https://www.wionews.com/india-news/pm-modi-amit-shah-meet-union-ministers-thank-them-for-service-to-nation-220445">PM Modi, Amit Shah meet Union ministers, thank them for 'service to nation'</a> 
 
Union ministers Rajnath Singh, Nitin Gadkari, Arun Jaitley, JP Nadda and Prakash Javadekar were among the key leaders from the BJP at the meeting.

'This is nonsense,' says Supreme Court dismissing PIL seeking 100% VVPAT verification A vacation bench headed by Justice Arun Mishra refused to entertain the plea, saying that a larger bench headed by Chief Justice Ranjan Gogoi had already dealt with the matter and passed an order.

'This is nonsense,' says Supreme Court dismissing PIL seeking 100% VVPAT verification A vacation bench headed by Justice Arun Mishra refused to entertain the plea, saying that a larger bench headed by Chief Justice Ranjan Gogoi had already dealt with the matter and passed an order. 'There's no bigger motivation than Indian Army,' says Virat Kohli ahead of Cricket World Cup 2019 'If we go in with that motivation that we can do something for the Army, you will see a different level of passion coming out of us,' said Kohli Huawei accuses US of bullying, says working with Google to counter ban The US government said it imposed the restrictions because of Huawei's involvement in activities contrary to national security or foreign policy interests. Reports of alleged EVM tampering are 'absolutely false': Election Commission The top poll body also stated that any lapse in the handling of reserve EVMs will be investigated and action will be taken against those responsible. PM Modi, Amit Shah meet Union ministers, thank them for 'service to nation' Union ministers Rajnath Singh, Nitin Gadkari, Arun Jaitley, JP Nadda and Prakash Javadekar were among the key leaders from the BJP at the meeting.

Finance Minister Bruno Le Maire said a decision by France regarding the 5G telecoms network would be based on security and performance of networks and added that Paris would not rule out a specific operator as not being welcome.

Last week, 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 US&nbsp;government moved to blacklist the Chinese telecoms giant.

"We want to carry out a careful control of this 5G deployment ... without designating an operator as unwelcome in France," Le Maire told reporters on Tuesday.

France's ARCEP telecoms regulator also said on Tuesday that 5G deployment would go ahead as planned in 2020 despite the current difficulties faced by Huawei.

"We will take decisions based on technological interest and the strategic security of our networks," said Le Maire.

He added that it was by no means certain that Huawei had the best technology. Paris would assess all the alternatives very closely, he said.

"I'm not sure that we don't have a choice. There are other operators that offer solutions and we are going to assess that in the coming months," he said, referring to Sweden's Ericsson.

"I met the president of Ericsson and he presented technological options... this idea that there is only Huawei and all the other firms are so far behind needs to be checked and can be questioned," said Le Maire.

The U.S. Commerce Department on Friday blocked Huawei from buying U.S. goods, saying the firm was involved in activities contrary to national security, a move that could in turn have an impact on Europe as it begins to roll out 5G services.

"The Huawei-Google affair is quite rightly making so much noise because Google has restricted Huawei of access to technology on Android and this illustrates the clearest example of this technological war," said Le Maire.

Finance Minister Bruno Le Maire said a decision by France regarding the 5G telecoms network would be based on security and performance of networks and added that Paris would not rule out a specific operator as not being welcome.

Finance Minister Bruno Le Maire said a decision by France regarding the 5G telecoms network would be based on security and performance of networks and added that Paris would not rule out a specific operator as not being welcome. Last week, 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 US government moved to blacklist the Chinese telecoms giant. "We want to carry out a careful control of this 5G deployment ... without designating an operator as unwelcome in France," Le Maire told reporters on Tuesday. France's ARCEP telecoms regulator also said on Tuesday that 5G deployment would go ahead as planned in 2020 despite the current difficulties faced by Huawei. "We will take decisions based on technological interest and the strategic security of our networks," said Le Maire. He added that it was by no means certain that Huawei had the best technology. Paris would assess all the alternatives very closely, he said. "I'm not sure that we don't have a choice. There are other operators that offer solutions and we are going to assess that in the coming months," he said, referring to Sweden's Ericsson. "I met the president of Ericsson and he presented technological options... this idea that there is only Huawei and all the other firms are so far behind needs to be checked and can be questioned," said Le Maire. The U.S. Commerce Department on Friday blocked Huawei from buying U.S. goods, saying the firm was involved in activities contrary to national security, a move that could in turn have an impact on Europe as it begins to roll out 5G services. "The Huawei-Google affair is quite rightly making so much noise because Google has restricted Huawei of access to technology on Android and this illustrates the clearest example of this technological war," said Le Maire.

France: 5G telecoms decision based on security and performance, nobody to be ruled out

Chinese telecoms equipment maker <a href="https://www.wionews.com/world/us-eases-some-restrictions-on-chinas-huawei-to-keep-networks-operating-220249">Huawei called</a> itself the victim of US "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

The US government said it imposed the restrictions because of Huawei's involvement in activities contrary to national security or foreign policy interests.

On Monday, it temporarily eased the curbs to minimize disruption for customers, a move dismissed by Huawei's founder who said the tech firm had prepared for US action.

<a href="https://www.wionews.com/world/google-suspends-some-business-with-huawei-after-trump-blacklist-source-220001">Alphabet Inc's Google </a>Sunday suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, citing a source familiar with the matter.

"They (Google) have zero motivation to block us. We are working closely with Google to find out how Huawei can handle the situation and the impact from the US Department of Commerce decision," Abraham Liu, Huawei's representative to the EU institutions told Reuters.

Liu said Huawei did not blame Google for its decision and that it was too early to say what the consequences will be.

"Huawei is becoming the victim of the bullying by the US administration. This is not just an attack against Huawei. It is an attack on the liberal, rules-based order," Liu added.

Chinese telecoms equipment maker Huawei called itself the victim of US "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

Chinese telecoms equipment maker Huawei called itself the victim of US "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said. The US government said it imposed the restrictions because of Huawei's involvement in activities contrary to national security or foreign policy interests. On Monday, it temporarily eased the curbs to minimize disruption for customers, a move dismissed by Huawei's founder who said the tech firm had prepared for US action. Alphabet Inc's Google Sunday suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, citing a source familiar with the matter. "They (Google) have zero motivation to block us. We are working closely with Google to find out how Huawei can handle the situation and the impact from the US Department of Commerce decision," Abraham Liu, Huawei's representative to the EU institutions told Reuters. Liu said Huawei did not blame Google for its decision and that it was too early to say what the consequences will be. "Huawei is becoming the victim of the bullying by the US administration. This is not just an attack against Huawei. It is an attack on the liberal, rules-based order," Liu added.

Huawei accuses US of bullying, says working with Google to counter ban

Chinese consumers on Tuesday said US measures of putting restrictions on Huawei will not "beat down China" after Washington added the company to a trade blacklist last week, making it extremely difficult for the telecom giant to do business with US companies.

'Sleeping dragon will wake up': Chinese consumers on Huawei row

Huawei&nbsp;Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as "restricted to a limited space" even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home.

Meng, 47, has access to top lawyers, moves around relatively freely in Vancouver, albeit with restrictions, and her comments drew an immediate comparison between her life in house arrest versus the two Canadians detained in solitary confinement in China for a similar length of time.

Daughter of<a href="https://www.wionews.com/world/us-may-scale-back-huawei-trade-restrictions-to-help-existing-customers-219546">&nbsp;Huawei&nbsp;Technologies </a>Co Ltd's billionaire founder, Ren Zhengfei, Meng was arrested at Vancouver's airport in December on a US warrant and is fighting extradition on charges that she conspired to defraud global banks about&nbsp;Huawei's relationship with a company operating in Iran.

Businessman Michael Spavor, who worked with North Korea, and former diplomat Michael Kovrig were picked up separately in December, shortly after Canada arrested Meng. Both were formally arrested earlier this month on state secret charges but it was unclear if they have been moved to another facility where they might get better treatment.

"The difference between the terms of detention of Madame Meng and the two Canadians is going to just jump off the page," said Paul Evans, a professor at the University of British Columbia who specializes in China and Canada relations.

He added that the contrast could anger Canadians who compare Meng's conditions with those of Kovrig and Spavor.

The two Canadians have no access to lawyers or bail, are questioned every morning, afternoon and evening, and are held in a room where the lights are not allowed to be turned off at night, according to Canadian diplomats. China has said only that the legal rights of the two men are being fully guaranteed.

BIGGER MANSION

Meanwhile, Meng lived in her C$5.6 million ($4.2 million) home in Vancouver, which has six bedrooms and five bathrooms, after posting a C$10 million bail in December.

"Despite being physically restricted to a very limited space during my time in Vancouver, my inner self has never felt so colourful and vast," Meng wrote in the letter published last Monday on the Xinsheng Community, an internal forum for the 188,000&nbsp;Huawei&nbsp;employees.

She praised employees for their concern and said there were employees "staying up all night just to follow my case in distant time zones."

Earlier this month, a judge in the British Columbia Supreme Court granted Meng's request to shift to a bigger, C$13.3 million house, in one of Canada's most exclusive neighbourhoods. Meng's lawyers said in the court filing that the house would be ready by May 11 after renovation work, but it was not immediately clear if Meng has already moved in.

"From a tony to a tonier neighbourhood," Evans said.

Meng arrived for the last hearing in a Chevy sports utility vehicle wearing an elegant full-length black and grey weave-pattern dress.

But in the case of the two Canadians, it was not even clear where they have been held. The diplomats who have met them were taken to a police station and allowed to meet them there, rather than being taken to the actual location of their detention.

Luxmore Realty details Meng's new Matthews Street residence as an 8,170 square feet home with seven bedrooms and eight bathrooms. Meng's bigger mansion is fully fenced, which improves security, Scot Filer CEO of Lions Gate, the security company for Meng, said in a court filing.

The house features "controlled access for pedestrians and vehicles" and has a clear distinction between public space and private space, which Filer cites as the reasons for moving Meng to the new house, which is close to the Chinese embassy.

China's courts are tightly controlled by the Communist Party and serve its political aims. Under Chinese laws, suspects of crimes such as Kovrig and Spavor are accused of can be held basically incommunicado without charges for six months and it can be more than a year after charges are brought that the case goes to court.

Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as "restricted to a limited space" even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home.

Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as "restricted to a limited space" even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home. Meng, 47, has access to top lawyers, moves around relatively freely in Vancouver, albeit with restrictions, and her comments drew an immediate comparison between her life in house arrest versus the two Canadians detained in solitary confinement in China for a similar length of time. Daughter of Huawei Technologies Co Ltd's billionaire founder, Ren Zhengfei, Meng was arrested at Vancouver's airport in December on a US warrant and is fighting extradition on charges that she conspired to defraud global banks about Huawei's relationship with a company operating in Iran. Businessman Michael Spavor, who worked with North Korea, and former diplomat Michael Kovrig were picked up separately in December, shortly after Canada arrested Meng. Both were formally arrested earlier this month on state secret charges but it was unclear if they have been moved to another facility where they might get better treatment. "The difference between the terms of detention of Madame Meng and the two Canadians is going to just jump off the page," said Paul Evans, a professor at the University of British Columbia who specializes in China and Canada relations. He added that the contrast could anger Canadians who compare Meng's conditions with those of Kovrig and Spavor. The two Canadians have no access to lawyers or bail, are questioned every morning, afternoon and evening, and are held in a room where the lights are not allowed to be turned off at night, according to Canadian diplomats. China has said only that the legal rights of the two men are being fully guaranteed. BIGGER MANSION Meanwhile, Meng lived in her C$5.6 million ($4.2 million) home in Vancouver, which has six bedrooms and five bathrooms, after posting a C$10 million bail in December. "Despite being physically restricted to a very limited space during my time in Vancouver, my inner self has never felt so colourful and vast," Meng wrote in the letter published last Monday on the Xinsheng Community, an internal forum for the 188,000 Huawei employees. She praised employees for their concern and said there were employees "staying up all night just to follow my case in distant time zones." Earlier this month, a judge in the British Columbia Supreme Court granted Meng's request to shift to a bigger, C$13.3 million house, in one of Canada's most exclusive neighbourhoods. Meng's lawyers said in the court filing that the house would be ready by May 11 after renovation work, but it was not immediately clear if Meng has already moved in. "From a tony to a tonier neighbourhood," Evans said. Meng arrived for the last hearing in a Chevy sports utility vehicle wearing an elegant full-length black and grey weave-pattern dress. But in the case of the two Canadians, it was not even clear where they have been held. The diplomats who have met them were taken to a police station and allowed to meet them there, rather than being taken to the actual location of their detention. Luxmore Realty details Meng's new Matthews Street residence as an 8,170 square feet home with seven bedrooms and eight bathrooms. Meng's bigger mansion is fully fenced, which improves security, Scot Filer CEO of Lions Gate, the security company for Meng, said in a court filing. The house features "controlled access for pedestrians and vehicles" and has a clear distinction between public space and private space, which Filer cites as the reasons for moving Meng to the new house, which is close to the Chinese embassy. China's courts are tightly controlled by the Communist Party and serve its political aims. Under Chinese laws, suspects of crimes such as Kovrig and Spavor are accused of can be held basically incommunicado without charges for six months and it can be more than a year after charges are brought that the case goes to court.

Huawei CFO house arrest contrasts with Canadians detained in China

Google Pulls Huawei'S Android Licence: Trouble For World'S Second Largest Phone makers.

Gravitas: Big Setback For Huawei: Google Won'T Back Chinese Phone Giant

<a href="https://www.wionews.com/world/if-iran-wants-to-fight-that-will-be-official-end-of-it-trump-warns-to-never-threaten-us-again-220000">If Iran wants to fight, that will be official end of it: Trump warns to never threaten US again</a>

President Donald Trump issued an ominous warning to Iran on Sunday, suggesting that if the Islamic republic attacks American interests, it will be destroyed.

"If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again," Trump said in a tweet.

<a href="https://www.wionews.com/world/brazil-bar-shooting-11-killed-in-massacre-after-gunman-fires-in-belem-city-219999">Brazil bar shooting: 11 killed in ‘massacre’ after gunman fires in Belem City</a>

Brazilian authorities say there has been a “massacre” in the country’s northern Para state without releasing any details, while Brazilian news media say gunmen attacked a bar in Belem City and killed 11 people.

<a href="https://www.wionews.com/world/google-suspends-some-business-with-huawei-after-trump-blacklist-source-220001">Google suspends some business with Huawei after Trump blacklist: Source</a>

Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the US government has sought to blacklist around the world.

<a href="https://www.wionews.com/india-general-elections-2019/time-and-again-exit-polls-have-failed-to-catch-the-peoples-pulse-chandrababu-naidu-220003">Time and again exit polls have failed to catch the people's pulse: Chandrababu Naidu</a>

With most of the exit polls predicting a rout for his party in Andhra Pradesh, Telugu Desam president N Chandrababu Naidu Sunday night said that time and again such polls failed.

<a href="https://www.wionews.com/entertainment/aishwarya-rai-bachchans-first-look-at-cannes-2019-proves-that-shes-the-real-queen-of-red-carpet-220005">Aishwarya Rai Bachchan's first look at Cannes 2019 proves that she's the real queen of red carpet</a>

There is no one quite like Aishwarya Rai Bachchan and the beauty queen-turned-actress proves yet again that no one brings glamour as she does at the Cannes Film Festival.&nbsp;

If Iran wants to fight, that will be official end of it: Trump warns to never threaten US again President Donald Trump issued an ominous warning to Iran on Sunday, suggesting that if the Islamic republic attacks American interests, it will be destroyed.

If Iran wants to fight, that will be official end of it: Trump warns to never threaten US again President Donald Trump issued an ominous warning to Iran on Sunday, suggesting that if the Islamic republic attacks American interests, it will be destroyed. "If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again," Trump said in a tweet. Brazil bar shooting: 11 killed in ‘massacre’ after gunman fires in Belem City Brazilian authorities say there has been a “massacre” in the country’s northern Para state without releasing any details, while Brazilian news media say gunmen attacked a bar in Belem City and killed 11 people. Google suspends some business with Huawei after Trump blacklist: Source Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the US government has sought to blacklist around the world. Time and again exit polls have failed to catch the people's pulse: Chandrababu Naidu With most of the exit polls predicting a rout for his party in Andhra Pradesh, Telugu Desam president N Chandrababu Naidu Sunday night said that time and again such polls failed. Aishwarya Rai Bachchan's first look at Cannes 2019 proves that she's the real queen of red carpet There is no one quite like Aishwarya Rai Bachchan and the beauty queen-turned-actress proves yet again that no one brings glamour as she does at the Cannes Film Festival.

<a href="https://www.wionews.com/business-economy/after-witnessing-eventful-day-stock-market-close-at-record-high-sensex-surges-over-1400-points-220115">After witnessing eventful day, stock markets close at record high; Sensex surges over 1,400 points&nbsp;</a>

The domestic stock market on Monday closed at a historic high after witnessing an eventful day of rallying after exit polls predicted an easy win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in Lok Sabha 2019 polls.&nbsp;

<a href="https://www.wionews.com/india-news/first-surgical-strike-happened-in-september-16-lt-general-ranbir-singh-220139">First surgical strike happened in September '16: Lt General Ranbir Singh</a>

Commander-in-chief of Indian Army's Northern Command, Lt General Ranbir Singh, on Monday confirmed that the Indian Army had undertaken a surgical strike in September 2016.

<a href="https://www.wionews.com/world/us-should-immediately-stop-provocative-action-in-south-china-sea-china-220105">US should immediately stop provocative action in South China Sea: China</a>

As US military warships sailed near the disputed islands in the South China Sea, China hit back at the US asserting that it should "immediately stop provocative actions" as relations between the two nations continued to remain on the boil.

<a href="https://www.wionews.com/world/huawei-responds-to-android-ban-guarantees-security-support-for-smartphones-220101">Huawei responds to Android ban; guarantees security support for smartphones</a>

Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system.

<a href="https://www.wionews.com/world/trumps-genocidal-taunts-will-not-end-iran-foreign-minister-javad-zarif-hits-back-220126">Trump's genocidal taunts will not end Iran: Foreign minister Javad Zarif hits back</a>

Iran Foreign Minister Mohammad Javad Zarif on Monday said that the "genocidal taunts" of US President Donald Trump will not "end Iran".

"Iranians have stood tall for millennia while aggressors all gone. Economic terrorism and genocidal taunts won't 'end Iran'," Zarif wrote on Twitter.&nbsp;

After witnessing eventful day, stock markets close at record high; Sensex surges over 1,400 points The domestic stock market on Monday closed at a historic high after witnessing an eventful day of rallying after exit polls predicted an easy win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in Lok Sabha 2019 polls.

After witnessing eventful day, stock markets close at record high; Sensex surges over 1,400 points The domestic stock market on Monday closed at a historic high after witnessing an eventful day of rallying after exit polls predicted an easy win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in Lok Sabha 2019 polls. First surgical strike happened in September '16: Lt General Ranbir Singh Commander-in-chief of Indian Army's Northern Command, Lt General Ranbir Singh, on Monday confirmed that the Indian Army had undertaken a surgical strike in September 2016. US should immediately stop provocative action in South China Sea: China As US military warships sailed near the disputed islands in the South China Sea, China hit back at the US asserting that it should "immediately stop provocative actions" as relations between the two nations continued to remain on the boil. Huawei responds to Android ban; guarantees security support for smartphones Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system. Trump's genocidal taunts will not end Iran: Foreign minister Javad Zarif hits back Iran Foreign Minister Mohammad Javad Zarif on Monday said that the "genocidal taunts" of US President Donald Trump will not "end Iran". "Iranians have stood tall for millennia while aggressors all gone. Economic terrorism and genocidal taunts won't 'end Iran'," Zarif wrote on Twitter.

Telecom Regulatory Authority of India (TRAI) Monday said the issue of whether India needs to take a stand on <a href="https://www.wionews.com/world/huawei-responds-to-android-ban-guarantees-security-support-for-smartphones-220101">Huawei</a> is a "larger question" and that it is up to the government to take a call on the matter.

Last week, the Trump administration had placed Huawei and its affiliates on a blacklist, a move that essentially bans the Chinese firm from purchasing parts and components from American companies without the US government approval.

Replying to a query on whether India needs to take a position on Huawei also, TRAI Chairman R S Sharma told reporters, "This is a larger question and the government will have to take a call."

He did not comment further on the matter.

Meanwhile, Huawei has said it will continue to provide security updates and after-sales services to its existing smartphones and tablets, even as the future road map of products remains uncertain after the cancellation of its Android licence.

Tech giant Google is said to be ending transfer of hardware, software and technical services to Huawei amid the ongoing trade war between the US and China.&nbsp;

Telecom Regulatory Authority of India (TRAI) Monday said the issue of whether India needs to take a stand on Huawei is a "larger question" and that it is up to the government to take a call on the matter.

Telecom Regulatory Authority of India (TRAI) Monday said the issue of whether India needs to take a stand on Huawei is a "larger question" and that it is up to the government to take a call on the matter. Last week, the Trump administration had placed Huawei and its affiliates on a blacklist, a move that essentially bans the Chinese firm from purchasing parts and components from American companies without the US government approval. Replying to a query on whether India needs to take a position on Huawei also, TRAI Chairman R S Sharma told reporters, "This is a larger question and the government will have to take a call." He did not comment further on the matter. Meanwhile, Huawei has said it will continue to provide security updates and after-sales services to its existing smartphones and tablets, even as the future road map of products remains uncertain after the cancellation of its Android licence. Tech giant Google is said to be ending transfer of hardware, software and technical services to Huawei amid the ongoing trade war between the US and China.

It's up to government to take a call on Huawei issue: Telecom Regulatory Authority of India

<a href="https://www.wionews.com/world/chinas-huawei-restricted-from-using-us-suppliers-219260">Google has suspended business with Huawei</a> that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the US government has sought to blacklist around the world.

Huawei will immediately lose access to updates to the Android operating system, and the next version of its smartphones outside of China will also lose access to popular applications and services including the Google Play Store and Gmail app.

Details of the specific services were still being discussed internally at Google, according to the source. Huawei attorneys are also studying the impact of the US&nbsp;Commerce Department's actions, a Huawei spokesman said on Friday. Huawei was not immediately reachable for further comment.

Representatives of the US Commerce Department did not immediately have comment.

Huawei will continue to have access to the version of the Android operating system available through the open source license that is freely open to anyone who wishes to use it.

But Google will stop providing any technical support and collaboration for Android and Google services to Huawei going forward, the source said.

On Thursday the Trump administration officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the technology giant to do business with US companies.

Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the US government has sought to blacklist around the world.

Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the US government has sought to blacklist around the world. Huawei will immediately lose access to updates to the Android operating system, and the next version of its smartphones outside of China will also lose access to popular applications and services including the Google Play Store and Gmail app. Details of the specific services were still being discussed internally at Google, according to the source. Huawei attorneys are also studying the impact of the US Commerce Department's actions, a Huawei spokesman said on Friday. Huawei was not immediately reachable for further comment. Representatives of the US Commerce Department did not immediately have comment. Huawei will continue to have access to the version of the Android operating system available through the open source license that is freely open to anyone who wishes to use it. But Google will stop providing any technical support and collaboration for Android and Google services to Huawei going forward, the source said. On Thursday the Trump administration officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the technology giant to do business with US companies.

Google suspends some business with Huawei after Trump blacklist: Source

European stocks slipped on Monday as concerns about an escalating fallout from a US&nbsp;crackdown on <a href="https://www.wionews.com/business-economy/huawei-founder-says-growth-may-slow-but-only-slightly-after-us-restrictions-219759">China's Huawei Technologies</a> offset a slightly more positive tone on trade.

Asian shares managed to reverse some of last week's heavy losses on Monday after the United States said it would lift tariffs in North America, as investors cheered apparent wins by Conservative incumbent parties in elections in Australia and India.

But the mood did not carry over to European markets. The pan-European Euro STOXX 600 fell 0.1%, the German DAX slipped 0.17%, while France's CAC 40 weakened 0.21%.

US President Donald Trump's government added Huawei to a trade blacklist last week, imposing restrictions that will make it difficult to do business with US&nbsp;companies.

The repercussions of that move became evident as Google suspended some business with Huawei.

In Europe, chipmakers Infineon Technologies, AMS and STMicroelectronics dropped sharply after Nikkei Asian Review reported that German chipmaker Infineon had halted shipments to Huawei. The company had no immediate comment.

"Market volatility continues to stem from announcements and interpretations of what is going on in trade disputes between the US&nbsp;and its trading partners, but principally China," said Jasper Lawler, head of research at London Capital Group.

"Whilst the latest headlines over Canada are supportive of sentiment, a news bite which increases risk aversion could be just around the corner. Investors know this and are on edge right now. That won’t change overnight. China is unlikely to take Google's suspension of business with Huawei lying down."

On the positive side, a US&nbsp;decision on Friday to remove tariffs on Canadian steel and aluminium prompted Canada's foreign minister to vow the quick ratification of a new North American trade agreement.

The MSCI index of world shares, which tracks shares in 47 countries, rose 0.08%. It remains some 3.6% below its 2019 highs as the sudden return of trade war jitters sent the stock market's strong rally into reverse.

The US&nbsp;S&amp;P 500 e-mini futures turned higher, rising 0.23% following losses on Wall Street on Friday.

Prominent investor Jim Rogers, who co-founded the Quantum Fund with George Soros, told the Reuters Global Markets Forum that he believed Washington and Beijing would soon announce a trade deal, although the current spat would not be the last time Trump tried to exploit the prospect of a trade war.

"These are negotiating tactics from Mr Trump at the moment. What will happen is we will have some good news, the market will have a rally. It will probably be the last rally," he said.

Oil jumps

Oil prices jumped after Saudi Energy Minister Khalid al-Falih said that there was the consensus among the members of the Organization of the Petroleum Exporting Countries to maintain production cuts to "gently" reduce inventories.

Both US&nbsp;crude and Brent crude jumped more than 1.1% on Monday, with West Texas Intermediate fetching $63.5 a barrel and Brent crude at $73.04 per barrel.

Rising tensions in the Middle East, which have supported oil prices, ratcheted up another notch on the weekend as Trump issued new threats, tweeting that a conflict with Iran would be the "official end" of that country.

In currency markets, the Australian dollar jumped nearly 1% after the centre-right Liberal-National Coalition pulled off a shock win in a federal election, beating the centre-left Labor party.

The Indian rupee also rallied after exit polls pointed to a majority for Prime Minister<a href="https://www.wionews.com/opinions/modi-checkmated-oppositions-attempt-to-turn-advanis-statement-against-current-bjp-leadership-208323"> Narendra Modi's Bharatiya Janata Party</a> and allies. The rupee was last up 1.1%.

China's offshore yuan rebounded after touching its weakest against the dollar since November on Friday. It last traded up 0.1% at 6.9441 per dollar.

Sources told Reuters China's central bank is expected to use foreign exchange intervention and monetary policy tools to stop it weakening past the 7-per-dollar level in the near term.

The dollar slipped slightly against the euro to $1.1161.

Sterling recovered 0.3% to $1.2751 after suffering its biggest weekly loss since 2017 after an apparent collapse in Brexit talks in London.

German government bond yields moved slightly higher. That followed a fall towards new 2-1/2 year lows last week after investors flocked to safe-haven debt.

Austrian yields held firm after a scandal prompted Chancellor Sebastian Kurz to pull the plug on his coalition with the far right at the weekend, raising the chances of a snap election.

European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China's Huawei Technologies offset a slightly more positive tone on trade.

European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China's Huawei Technologies offset a slightly more positive tone on trade. Asian shares managed to reverse some of last week's heavy losses on Monday after the United States said it would lift tariffs in North America, as investors cheered apparent wins by Conservative incumbent parties in elections in Australia and India. But the mood did not carry over to European markets. The pan-European Euro STOXX 600 fell 0.1%, the German DAX slipped 0.17%, while France's CAC 40 weakened 0.21%. US President Donald Trump's government added Huawei to a trade blacklist last week, imposing restrictions that will make it difficult to do business with US companies. The repercussions of that move became evident as Google suspended some business with Huawei. In Europe, chipmakers Infineon Technologies, AMS and STMicroelectronics dropped sharply after Nikkei Asian Review reported that German chipmaker Infineon had halted shipments to Huawei. The company had no immediate comment. "Market volatility continues to stem from announcements and interpretations of what is going on in trade disputes between the US and its trading partners, but principally China," said Jasper Lawler, head of research at London Capital Group. "Whilst the latest headlines over Canada are supportive of sentiment, a news bite which increases risk aversion could be just around the corner. Investors know this and are on edge right now. That won’t change overnight. China is unlikely to take Google's suspension of business with Huawei lying down." On the positive side, a US decision on Friday to remove tariffs on Canadian steel and aluminium prompted Canada's foreign minister to vow the quick ratification of a new North American trade agreement. The MSCI index of world shares, which tracks shares in 47 countries, rose 0.08%. It remains some 3.6% below its 2019 highs as the sudden return of trade war jitters sent the stock market's strong rally into reverse. The US S&P 500 e-mini futures turned higher, rising 0.23% following losses on Wall Street on Friday. Prominent investor Jim Rogers, who co-founded the Quantum Fund with George Soros, told the Reuters Global Markets Forum that he believed Washington and Beijing would soon announce a trade deal, although the current spat would not be the last time Trump tried to exploit the prospect of a trade war. "These are negotiating tactics from Mr Trump at the moment. What will happen is we will have some good news, the market will have a rally. It will probably be the last rally," he said. Oil jumps Oil prices jumped after Saudi Energy Minister Khalid al-Falih said that there was the consensus among the members of the Organization of the Petroleum Exporting Countries to maintain production cuts to "gently" reduce inventories. Both US crude and Brent crude jumped more than 1.1% on Monday, with West Texas Intermediate fetching $63.5 a barrel and Brent crude at $73.04 per barrel. Rising tensions in the Middle East, which have supported oil prices, ratcheted up another notch on the weekend as Trump issued new threats, tweeting that a conflict with Iran would be the "official end" of that country. In currency markets, the Australian dollar jumped nearly 1% after the centre-right Liberal-National Coalition pulled off a shock win in a federal election, beating the centre-left Labor party. The Indian rupee also rallied after exit polls pointed to a majority for Prime Minister Narendra Modi's Bharatiya Janata Party and allies. The rupee was last up 1.1%. China's offshore yuan rebounded after touching its weakest against the dollar since November on Friday. It last traded up 0.1% at 6.9441 per dollar. Sources told Reuters China's central bank is expected to use foreign exchange intervention and monetary policy tools to stop it weakening past the 7-per-dollar level in the near term. The dollar slipped slightly against the euro to $1.1161. Sterling recovered 0.3% to $1.2751 after suffering its biggest weekly loss since 2017 after an apparent collapse in Brexit talks in London. German government bond yields moved slightly higher. That followed a fall towards new 2-1/2 year lows last week after investors flocked to safe-haven debt. Austrian yields held firm after a scandal prompted Chancellor Sebastian Kurz to pull the plug on his coalition with the far right at the weekend, raising the chances of a snap election.

Global Markets: European shares hobbled as worries about Huawei fallout mount

Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being <a href="https://www.wionews.com/world/google-suspends-some-business-with-huawei-after-trump-blacklist-source-220001">barred from Google updates</a> to its Android operating system.

But it did not say what would happen with phones it would sell in the future, which are unlikely to have access to Google's popular services including Gmail, YouTube and Chrome unless a special licence is obtained.

"Huawei will continue to provide security updates and after-sales services to all existing <a href="https://www.wionews.com/world/huawei-will-not-bow-to-us-pressure-founder-and-ceo-ren-zhengfei-219916">Huawei</a> and Honor smartphone and tablet products, covering those that have been sold and that are still in stock globally," a Huawei spokesman said by email.

"We will continue to build a safe and sustainable software ecosystem, in order to provide the best experience for all users globally," said Huawei, which is the world's second-biggest smartphone maker after Samsung and aspires to the top position.

Huawei's devices in its home market do not have Google apps, but the move will hugely damage the brand's appeal to consumers outside China.

Watch: Google suspends business with Huawei; big blow to Chinese tech firm

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Almost half of the 208 million phones <a href="huawei">Huawei shipped in 2018 went to outside mainland China</a>, and Europe is the most important overseas market where its devices currently have 29% market share, according to technology research firm IDC.

Google said it would enact restrictions on Android updates to Huawei after US President Donald Trump on Thursday added the Chinese company to a trade blacklist, making it extremely difficult for it to do business with US counterparts.

"We are complying with the order and reviewing the implications," a Google spokesman said.

A source told Reuters,&nbsp;"Huawei will only be able to use the public version of Android and will not be able to get access to proprietary apps and services from Google."

Google, owned by Alphabet Inc, said its Google Play app store and the security protections from Google Play Protect would continue to function on existing Huawei devices.

Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system.

Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system. But it did not say what would happen with phones it would sell in the future, which are unlikely to have access to Google's popular services including Gmail, YouTube and Chrome unless a special licence is obtained. "Huawei will continue to provide security updates and after-sales services to all existing Huawei and Honor smartphone and tablet products, covering those that have been sold and that are still in stock globally," a Huawei spokesman said by email. "We will continue to build a safe and sustainable software ecosystem, in order to provide the best experience for all users globally," said Huawei, which is the world's second-biggest smartphone maker after Samsung and aspires to the top position. Huawei's devices in its home market do not have Google apps, but the move will hugely damage the brand's appeal to consumers outside China. Watch: Google suspends business with Huawei; big blow to Chinese tech firm × Almost half of the 208 million phones Huawei shipped in 2018 went to outside mainland China, and Europe is the most important overseas market where its devices currently have 29% market share, according to technology research firm IDC. Google said it would enact restrictions on Android updates to Huawei after US President Donald Trump on Thursday added the Chinese company to a trade blacklist, making it extremely difficult for it to do business with US counterparts. "We are complying with the order and reviewing the implications," a Google spokesman said. A source told Reuters, "Huawei will only be able to use the public version of Android and will not be able to get access to proprietary apps and services from Google." Google, owned by Alphabet Inc, said its Google Play app store and the security protections from Google Play Protect would continue to function on existing Huawei devices.

Huawei responds to Android ban; guarantees security support for smartphones

Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

Google suspends business with  Huawei; big blow to Chinese tech firm

Huawei Technologies' founder and<a href="https://www.wionews.com/world/theres-no-way-the-us-can-crush-us-huawei-founder-ren-zhengfei-198211"> chief executive Ren Zhengfei </a>said on Saturday the growth of the Chinese tech giant "may slow, but only slightly" due to recent US&nbsp;restrictions.

In remarks to the Japanese press and reported by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law.

"It is expected that Huawei's growth may slow, but only slightly," Ren told Japanese media in his first official comments after the US&nbsp;restrictions, adding that the company's annual revenue growth may undershoot 20%.

On Thursday, Washington put Huawei, one of China's biggest and most successful companies, on a trade blacklist that could make it extremely difficult for Huawei to do business with US companies, a decision slammed by China, which said it will take steps to protect its companies.

The developments surrounding Huawei come at a time of trade tensions between Washington and Beijing and amid concerns from the United States that Huawei's smartphones and network equipment could be used by China to spy on Americans, allegations the company has repeatedly denied.

A similar US ban on China's ZTE Corp had almost crippled business for the smaller Huawei rival early last year before the curb was lifted.

The US&nbsp;Commerce Department said on Friday it may soon scale back restrictions on Huawei.

Ren said the company was prepared for such a step and that Huawei would be "fine" even if US&nbsp;smartphone chipmaker Qualcomm Inc and other American suppliers would not sell chips to the company.

Huawei's chip arm HiSilicon said on Friday it has long been prepared for the scenario that it could be banned from purchasing US chips and technology and is able to ensure a steady supply of most products.

The Huawei founder said that the company will not be taking instructions from the US government.

"We will not change our management at the request of the US or accept monitoring, as ZTE has done," he said.

In January, US prosecutors unsealed an indictment accusing the Chinese company of engaging in bank fraud to obtain embargoed US&nbsp;goods and services in Iran and to move money out of the country via the international banking system.

Ren's daughter, Huawei Chief Financial Officer Meng Wanzhou, was arrested in Canada in December in connection with the indictment. Meng, who was released on bail, remains in Vancouver and is fighting extradition. She has maintained her innocence.

Ren has previously said his daughter's arrest was politically motivated.

Huawei Technologies' founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant "may slow, but only slightly" due to recent US restrictions.

Huawei Technologies' founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant "may slow, but only slightly" due to recent US restrictions. In remarks to the Japanese press and reported by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law. "It is expected that Huawei's growth may slow, but only slightly," Ren told Japanese media in his first official comments after the US restrictions, adding that the company's annual revenue growth may undershoot 20%. On Thursday, Washington put Huawei, one of China's biggest and most successful companies, on a trade blacklist that could make it extremely difficult for Huawei to do business with US companies, a decision slammed by China, which said it will take steps to protect its companies. The developments surrounding Huawei come at a time of trade tensions between Washington and Beijing and amid concerns from the United States that Huawei's smartphones and network equipment could be used by China to spy on Americans, allegations the company has repeatedly denied. A similar US ban on China's ZTE Corp had almost crippled business for the smaller Huawei rival early last year before the curb was lifted. The US Commerce Department said on Friday it may soon scale back restrictions on Huawei. Ren said the company was prepared for such a step and that Huawei would be "fine" even if US smartphone chipmaker Qualcomm Inc and other American suppliers would not sell chips to the company. Huawei's chip arm HiSilicon said on Friday it has long been prepared for the scenario that it could be banned from purchasing US chips and technology and is able to ensure a steady supply of most products. The Huawei founder said that the company will not be taking instructions from the US government. "We will not change our management at the request of the US or accept monitoring, as ZTE has done," he said. In January, US prosecutors unsealed an indictment accusing the Chinese company of engaging in bank fraud to obtain embargoed US goods and services in Iran and to move money out of the country via the international banking system. Ren's daughter, Huawei Chief Financial Officer Meng Wanzhou, was arrested in Canada in December in connection with the indictment. Meng, who was released on bail, remains in Vancouver and is fighting extradition. She has maintained her innocence. Ren has previously said his daughter's arrest was politically motivated.

Huawei founder says growth 'may slow, but only slightly' after US restrictions

Chinese telecoms giant Huawei is ready to deal with <a href="https://www.wionews.com/world/chinas-huawei-restricted-from-using-us-suppliers-219260">Washington's crackdown</a> and will reduce its reliance on US components, its founder told Japanese media.

President Donald Trump <a href="https://www.wionews.com/business-economy/huawei-founder-says-growth-may-slow-but-only-slightly-after-us-restrictions-219759">effectively barred Huawei from the US market</a> on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing.

"We have already been preparing for this," Huawei founder and CEO Ren Zhengfei told a group of Japanese journalists Saturday in his first interview since Trump's move.

Ren said Huawei would continue to develop its own components to reduce its dependence on outside suppliers.

Huawei is a rapidly expanding leader in 5G technology but remains dependent on foreign suppliers.

It buys about $67 billion worth of components each year, including about $11 billion from US suppliers, according to The Nikkei business daily.

The usually elusive Ren, 74, has come out of the shadows in recent months in the face of increasing pressure on his company.

Ren's army background and Huawei's opaque culture have fuelled suspicions in some countries that the firm has links with the Chinese military and intelligence services.

Huawei is also the target of an intense campaign by Washington, which has been trying to persuade allies not to allow China a role in building next-generation 5G mobile networks.&nbsp;

US government agencies are already banned from buying equipment from Huawei.

"We have not done anything which violates the law," Ren said, adding the US measures would have a limited impact.

"It is expected that Huawei's growth may slow, but only slightly," he said, according The Nikkei.

A former army technician, Ren founded Huawei in 1987 with only $5,000, according to company lore.&nbsp;

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Huawei now claims to have nearly 190,000 employees, operates in 170 countries, and reported revenue of more than $100 billion in 2018.

Ren said his company would not yield to pressure from Washington.

"We will not change our management at the request of the US or accept monitoring, as &nbsp;ZTE has done," he said, as quoted by The Nikkei, referring to fellow Chinese telecoms giant ZTE which was also targeted by Washington.

ZTE came close to collapse last year after US firms were banned from selling it vital components over its continued dealings with Iran and North Korea.

Trump later reversed the decision and in return ZTE had to pay a $1 billion fine and accept monitoring by the US Commerce Department.

Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder told Japanese media. President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing.

Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder told Japanese media. President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing. "We have already been preparing for this," Huawei founder and CEO Ren Zhengfei told a group of Japanese journalists Saturday in his first interview since Trump's move. Ren said Huawei would continue to develop its own components to reduce its dependence on outside suppliers. Huawei is a rapidly expanding leader in 5G technology but remains dependent on foreign suppliers. It buys about $67 billion worth of components each year, including about $11 billion from US suppliers, according to The Nikkei business daily. The usually elusive Ren, 74, has come out of the shadows in recent months in the face of increasing pressure on his company. Ren's army background and Huawei's opaque culture have fuelled suspicions in some countries that the firm has links with the Chinese military and intelligence services. Huawei is also the target of an intense campaign by Washington, which has been trying to persuade allies not to allow China a role in building next-generation 5G mobile networks. US government agencies are already banned from buying equipment from Huawei. "We have not done anything which violates the law," Ren said, adding the US measures would have a limited impact. "It is expected that Huawei's growth may slow, but only slightly," he said, according The Nikkei. A former army technician, Ren founded Huawei in 1987 with only $5,000, according to company lore. × Huawei now claims to have nearly 190,000 employees, operates in 170 countries, and reported revenue of more than $100 billion in 2018. Ren said his company would not yield to pressure from Washington. "We will not change our management at the request of the US or accept monitoring, as ZTE has done," he said, as quoted by The Nikkei, referring to fellow Chinese telecoms giant ZTE which was also targeted by Washington. ZTE came close to collapse last year after US firms were banned from selling it vital components over its continued dealings with Iran and North Korea. Trump later reversed the decision and in return ZTE had to pay a $1 billion fine and accept monitoring by the US Commerce Department.

Huawei will not bow to US pressure: Founder and CEO Ren Zhengfei

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