ZTE settles with US government, fined $1.2 billion

The Chinese phonemaker was found by the Commerce Department to be doing business with companies in Iran and North Korea, a sanctions no-no.

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Commerce Department grants second extension of sanctions reprieve for ZTE in the US

ZTE has won a second extension to its reprieve from trade sanctions in the US.The Commerce Department initially issued the sanctions back in March after its investigations found that the Chinese manufacturer was doing business with Iranian companies. Parts of ZTE’s products have been sourced from American companies.The company has maintained its cooperation with the investigation and was granted a break from the ...

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Google is looking at record $3.3 billion EU antitrust fine, sources say

It’s been a long time coming, with the European Commission looking into various controversial business practices of Google some feel discourage competition for several years now. The executive body of the European Union made many accusations under more than one supervisor, but the current Competition Commissioner, Margrethe Vestager, ...

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