Space Industry and Business News  
CYBER WARS
HSBC denies reports that it 'fabricated evidence' on Huawei
by Staff Writers
Beijing (AFP) July 25, 2020

London-based HSBC bank has denied Chinese media reports that it had "framed" telecom giant Huawei or "fabricated evidence" that led to the arrest of a top company official.

Washington's investigations into Huawei -- for allegedly violating US sanctions on Iran -- started before the bank's involvement with the company in late 2016, the lender said Saturday in its first public comments on Huawei's legal battle in North America.

"HSBC has no malice against Huawei, nor has it framed Huawei," the bank said in a statement posted on the Chinese messaging app WeChat.

"HSBC has not fabricated evidence or concealed facts, nor will it distort facts or harm any customers for our own benefit."

The HSBC statement comes a day after Chinese state media, including the communist party mouthpiece People's Daily, published reports accusing HSBC of lying about Huawei during an investigation by the US department of justice.

The probe led to Canada arresting Huawei's chief financial officer Meng Wanzhou in December 2018.

China's internet censors blocked access to HSBC's statement within hours of publication, without offering an explanation.

Meng, the daughter of Huawei's founder, is under house arrest in Vancouver, Canada, fighting extradition to the United States.

Washington says Meng had concealed Huawei's alleged dealing with Iran from lenders including HSBC.

Meng's lawyers last week said HSBC was well aware of Huawei's activities in Iran, but claimed ignorance to dodge further US punishment.

The bank has come under pressure as US-China relations sour.

The lender has come under fire in Britain for backing a controversial security law on Hong Kong -- one of its biggest markets. The law allows Beijing to curb political freedoms in the semi-autonomous Asian financial hub.


Related Links
Cyberwar - Internet Security News - Systems and Policy Issues


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


CYBER WARS
China calls Britain 'America's dupe' for banning Huawei
Beijing (AFP) July 15, 2020
Beijing lashed out Wednesday at Britain's decision to ban Huawei equipment, saying London had become "America's dupe" and vowing to take measures to protect the interests of Chinese companies. The British government bowed to growing US pressure and pledged Tuesday to remove Chinese telecoms giant Huawei from its 5G network by 2027, despite warnings of retaliation from Beijing. "China will fully and solemnly assess this matter, and will take a series of necessary measures to safeguard Chinese com ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CYBER WARS
Microsoft sees growth amid pandemic computing demands

Coronavirus boon for Poland's vibrant gaming sector

NASA's Deep Space Station in Australia Is Getting an Upgrade

Shock-dissipating fractal cubes could forge high-tech armor

CYBER WARS
Alion to provide support to USAF for spectrum management

SpaceX launches South Korean communications satellite

Airbus signs contract with UK Ministry of Defence for Skynet 6A satellite

UK Govt to acquire OneWeb satellite constellation

CYBER WARS
CYBER WARS
Honeywell expands navigation options for precise data in areas without GPS

SMC contracts for Joint Modernized GPS Handheld Device across multiple suppliers

GPS isn't just for road trips anymore

China's last BDS satellite enters long-term operation mode

CYBER WARS
Cathay Pacific warns of US$1.3 bn loss in first half

Giant 4G Balloons Illuminate Kenyan Skies With Internet Access

Air Force anticipates virtual reality trainer for B-52 pilots

Boeing completes delivery of 37 helicopters to India's air force

CYBER WARS
Magnetic memory states go exponential

Dutch chip tech maker ASML resists virus to post growth

DARPA Selects Teams to Increase Security of Semiconductor Supply Chain

Testing for success with OmegA

CYBER WARS
Fallout from COVID-19 pandemic making weather forecasts less accurate

Methane emissions rise nine percent in decade

How does Earth sustain its magnetic field?

Proba-V passes the torch

CYBER WARS
Engineers use electricity to clean up toxic water

Sri Lanka court blocks president's sand mining concessions

Trump's EPA not changing ozone standards set by Obama administration

Body of missing environmentalist found in Honduras









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.