U.S. to extend licence allowing its companies to continue business with Huawei - NYT

(Reuters) - The United States is set to extend a licence allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd [HWT.UL], the New York Times reported https://nyti.ms/2OcpWYo on Friday, citing people familiar with the deliberations

Reuters November 16, 2019 07:06:45 IST
U.S. to extend licence allowing its companies to continue business with Huawei - NYT

US to extend licence allowing its companies to continue business with Huawei  NYT

(Reuters) - The United States is set to extend a licence allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd [HWT.UL], the New York Times reported https://nyti.ms/2OcpWYo on Friday, citing people familiar with the deliberations.

An earlier reprieve issued by the U.S. Commerce Department is set to expire on Monday, but the administration of U.S. President Donald Trump is expected to extend it for a period of time, according to the report, which added that the decision could change given the ongoing trade talks between the U.S. and China.

Huawei and the Commerce Department did not immediately respond to a Reuters request for comment outside regular working hours.

(Reporting by Kanishka Singh in Bengaluru; Editing by Sandra Maler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities
World

Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities

Reports suggest that they captured President Alpha Conde and dissolved the government, bust the ground situation remains unclear

Cryptocurrency prices tumble and exchange trading falters as snags crop up
News & Analysis

Cryptocurrency prices tumble and exchange trading falters as snags crop up

NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.

Ford poaches Apple's car project chief Doug Field
News & Analysis

Ford poaches Apple's car project chief Doug Field

By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.