Huawei 5G – The Commerce Africa https://thecommerceafrica.com African Reneissance Tue, 18 Aug 2020 07:46:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 Crude Oil Prices Fall Amid Uncertainties Over Stimulus Package https://thecommerceafrica.com/crude-oil-prices-fall-amid-uncertainties-over-stimulus-package/ https://thecommerceafrica.com/crude-oil-prices-fall-amid-uncertainties-over-stimulus-package/#respond Tue, 18 Aug 2020 07:45:58 +0000 http://thecommerceafrica.com/?p=1570 Oil prices dropped on Tuesday amid uncertainties surrounding a further stimulus in the US and ongoing tensions between Beijing and Washington.

President Donald Trump announced a further tightening of restrictions on Huawei Monday as he seeks to limit the Chinese telecommunications giant’s access to commercially available chips from US companies.

Meanwhile, OPEC+ said it is almost fully complying with output cuts to support prices, amid a fall in fuel demand due to the COVID-19 crisis.

Reuters quoting sources reported that compliance with the producer grouping oil output cuts was seen at around 97% in July.

Meanwhile, a panel of OPEC+, called the Joint Ministerial Monitoring Committee (JMMC) is set to hold a meeting later in the day. At around 03:30 AM GMT, WTI crude fell 0.5% to $42.66 a barrel. Brent crude also declined 0.5% to $45.16 a barrel.

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US Hails Britain For Removing Huawei’s 5G Access https://thecommerceafrica.com/us-hails-britain-for-removing-huaweis-5g-access/ https://thecommerceafrica.com/us-hails-britain-for-removing-huaweis-5g-access/#respond Wed, 15 Jul 2020 05:00:56 +0000 http://thecommerceafrica.com/?p=1067 The United States hailed Britain’s decision Tuesday to order the phased removal of China’s Huawei telecoms giant from its 5G network, following months of pressure from Washington.

The British ban, which came despite warnings of retaliation by Beijing, handed US President Donald Trump a victory.

“The reported UK action reflects a growing international consensus that Huawei and other untrusted vendors pose a threat to national security, as they remain beholden to the Chinese Communist Party,” White House National Security Advisor Robert O’Brien said on Twitter.

“We look forward to working with the UK, as well as our many other partners and allies, to spur innovation, promote vendor diversity in the 5G supply chain, and ensure 5G security free from dangerous manipulations.”

Amid rising tensions with China, Trump has pushed allies to ban Huawei from their telecommunications networks on the grounds that it poses a national security risk.

Britain’s Prime Minister Boris Johnson initially resisted, allowing Huawei to roll out a new high-speed network in Britain in January.

But US sanctions in May blocking Huawei’s access to US chips for the 5G networks brought a change of heart in London.

AFP

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Britain Set to Ban Huawei from 5G, though Timescale Unclear https://thecommerceafrica.com/britain-set-to-ban-huawei-from-5g-though-timescale-unclear/ https://thecommerceafrica.com/britain-set-to-ban-huawei-from-5g-though-timescale-unclear/#respond Mon, 13 Jul 2020 19:26:57 +0000 http://thecommerceafrica.com/?p=1028 Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G community in a landmark resolution that can anger Beijing.

Johnson, however, win applause from President Donald Trump as the U.S. grapples with China’s rising financial and technological clout.

The U.S. has pushed Johnson to reverse his January decision to grant Huawei a limited role in 5G, while London has been dismayed by a crackdown in Hong Kong and by the perception that China did not tell the whole truth over coronavirus.

Britain’s National Security Council (NSC), chaired by Johnson, will meet on Tuesday to discuss Huawei.

Media Secretary Oliver Dowden will announce a decision to the House of Commons later in the day.

The immediate excuse for the about turn in British policy is the impact of new U.S. sanctions on chip technology, which London says affects Huawei’s ability to remain a reliable supplier in the future.

It is unclear how far Johnson will go on Tuesday.

Operators already had to cap Huawei’s role in 5G at 35 per cent by 2023.

Reducing it to zero over an additional two to four years is now being discussed, although some telecoms firms have warned that going too fast could delay key technology and disrupt services. (Reuters/NAN)

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