Huawei’s offices in France raided by financial prosecutors
CNN
The French offices of Chinese tech giant Huawei were searched this week, the company confirmed Friday, saying it was fully cooperating with the authorities.
The French offices of Chinese tech giant Huawei were searched this week, the company confirmed Friday, saying it was fully cooperating with the authorities. A French judicial source told CNN Thursday that the raid had been carried out as part of a preliminary probe launched by the financial prosecutor’s office over alleged “breach of probity,” a broad term concerning offenses such as acts of corruption, favoritism and influence peddling. The source did not provide any further details about the investigation. A preliminary investigation does not imply any wrongdoing. The Shenzhen-based firm told CNN that the search had taken place Tuesday. “Huawei has been in France for over 20 years, and has been in compliance with the laws and regulations applicable in the country. While Huawei France does not wish to comment on an ongoing investigation, the company remains confident about its conclusions,” a spokesperson said. In 2020, the company announced that it would build a factory in France making wireless communications equipment, with a €200 million ($215 million) investment and manufacturing €1 billion ($1.08 billion) worth of products annually. A number of European countries later either banned Huawei from their 5G telecom networks or restricted the company’s role in the networks.
The biggest event in New Zealand Thursday may have been the opening of a furniture store.
Even if you believe you haven’t yet been directly impacted by climate change, your wallet will feel its effects soon, according to a new study.
Small businesses are “starting to crack” amid a weakening economy, rising inflation and fickle consumers; and they drove job losses in the US private sector in November, new data showed Wednesday.
Prepare for automotive sticker shock next year – again.
Constellation Brands, the US owner of Modelo Especial and Corona, bet big on Latino customers for growth. But that strategy is unraveling under the Trump administration’s mass deportation push.
The European Union agreed Wednesday to phase out Russian natural gas imports by late 2027 as part of an effort to end the bloc’s decade-long dependency on Russian energy.
US wireless carrier AT&T said in a letter to the US telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy wireless spectrum assets.
Larry Summers has been banned for life from the American Economic Association, a professional organization for economists, with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein.
The US labor market has weakened over the course of the year as hiring has stalled across many industries. The national unemployment rate has ratcheted higher in the process, hitting 4.4% in September.
Michael and Susan Dell are donating $6.25 billion to fund investment accounts for at least 25 million American children.
Gas prices dropped below an average of $3 a gallon in the United States on Tuesday for the first time in four-and-a-half years.
The United States appears ready for war with Venezuela, a prospect that Venezuelan President Nicolás Maduro this weekend attributed to America’s desire to control the country’s vast oil reserves.
Pete Hegseth’s hostility toward the press has been a defining characteristic of his time as defense secretary.