china telecom _ to go back to china. china telecom america - to go back to china. to go back to china. china i telecom america would that to go back to china. china - telecom america would that it is a company in its own right as opposed to an arm of the chinese state.— as opposed to an arm of the chinese state. for the national laws in china — chinese state. for the national laws in china are _ chinese state. for the national laws in china are very - chinese state. for the national laws in china are very explicit i laws in china are very explicit in the fact that any chinese entity operating either domestically or overseas has to comply with any request from the chinese government to include participating in any lot enforcement or espionage activity. in lot enforcement or espionage activi . , ., activity. in terms of risks, can you — activity. in terms of risks, can you explain _ activity. in terms of risks, can you explain where - activity. in terms of risks, j can you explain where the activity. in terms of risks, - can you explain where the risks would lie?— wo

how big is china telecom within the us? - significant. how big is china i telecom within the us?er chinese concerns as well. i don't know there were likely to be following suit here. it likely to be following suit here. , . . . , likely to be following suit here. ., , ., , here. it is actually fairly small. here. it is actually fairly small- i _ here. it is actually fairly small. i think— here. it is actually fairly small. i think the - here. it is actually fairly small. i think the totall small. i think the total subscriber base is in the mid 100,000, and a lot of chinese national visitors use it as well. to your point there is a few other chinese telecoms operators that are already being looked much more closely at by the fcc and i think the fcc will follow suit. .- at by the fcc and i think the fcc will follow suit. . that is the federal— fcc will follow suit. . that is the federal communicationsj the federal communications commission. you would expect some kind of retaliation to come from beijing?- some kind of retaliation to come from beijing? come from bei'ing? there is a f

he yvonne: what does this mean for the business of china telecom itself? have they responded so far? >> as far as china's second largest mobile carrier, it does not have a large operation in the u.s.. it mainly serves chinese companies operating in the u.s., providing connections -- providing internet connections. china telecom has responded by saying that they will pursue all available options possible to follow up on this matter, and they are disappointed with the fcc position. david: moving forward, this is something we can expect to spread out, i guess beyond china telecom. can you talk a little more about how this might impact the business itself because this is not as if the u.s. is their biggest market. >> right. people are expecting maybe some retaliation from china on u.s. companies operating in china, that we do not know what companies. it would be technology companies or other kinds of companies. as i said, analysts we spoke to have said they expect more u.s. actions against chinese telecom companies going forward. china mobile, china apart to re

the united states revokes china telecom's authority to operate in america, citing "national security concerns." a vote in brazil on president bolsonaro�*s handling of covid. a report recommends he be tried for crimes against humanity. a stark warning from the un. it says the current plans of governments around the world to cut carbon fall well short of what's needed to avoid dangerous climate change. and can lego save the world's endangered coral reefs? scientists use the famous plastic blocks to try to repair undersea damage. live from our studio in singapore... this is bbc news. it's newsday. hello and welcome to the programme. it's been announced within the past few hours that queen elizabeth will not be attending the global climate summit hosted by britain, which will begin this weekend. the queen, who's 95, had been expected to play a key role in welcoming world leaders to the gathering in glasgow. instead, she'll record a special video message for delegates. our royal correspondent, jonny dymond, has the latest. this time last week, a reception for business leaders at windsor c

how big is china telecom within the us? there are other chinese concerns as well.there were likely to be following suit here. it is actually fairly small. i think the total subscriber base is in the mid 100,000, and a lot of chinese national visitors use it as well. to your point there is a few other chinese telecoms operators that are already being looked much more closely at by the fcc and i think the fcc will follow suit. that is the federal communications commission. you would expect some kind of retaliation to come from beijing? there is a few things that i think beijing made it to send a message. it could, for example, slow down the process of certain export licences for us companies with manufacturing capabilities. may be a snap inspection, production facility to down production but ultimately most us firms operating in china are already, they face challenges just in their day—to—day operations but don't forget most firms that are still operating their have some value to the chinese state in the sense that there is something the chinese i so by and large the

china telecom corp.'s is significant security risks. kathleen:. ina signals it's hesitation to boost evergrande. let's look at the board, you can see that the s&p futures are just barely unchanged, kind of hovering on that level, after a big run again. the dow, the s&p 500 both hitting fresh records. the day started before the tech earnings with very strong results from ubs, from ge, major bellwether signals for other companies. you can see the s&p closing up 0.2%. the 10-year note, not a big story in bonds. today. the curve flattening again. we had a rally. that two-year auction closed lower. maybe it had something to do with the unexpected jump in consumer confidence last month as well as another big jump in inflation expectations next year. oil is down after the close, but a strong day. in fact, oil futures were around their highest since 2014. one oklahoma storage hub has been down since 2018. so haidi, the tech story now, after the bell. he saw losers today -- microsoft, buster earnings -- blockbuster earnings, sales profits were very strong.

the united states revokes china telecom's authority to operate in america, citing "national security" concerns. a stark warning from the un — it says the current plans of governments around the world to cut carbon fall well short of what's needed to avoid dangerous climate change. and can lego save the world's endangered coral reefs? scientists use the famous plastic blocks to try to repair damage undersea. hello and welcome to the programme. we start with breaking news from brazil. the president, jair bolsonaro, will face charges over his handling of the pandemic after a senate vote. a report holds him responsible for many of brazil's more than 600,000 covid deaths. live now to our correspondent katy watson in brasilia. she has been focused on this storey for us all day. the senate committee finally voting, recommending that president bolsonaro faces the charges, so what can you tell us about the developments in the last hours?— the last hours? that's right, it was a very _ the last hours? that's right, it was a very long _ the last hours? that's right, it was a very long day. - the

and they were looking at whether or not they were going to shut down china, telecom america, that's the name of the subsidiary trying to telecom americas. and essentially what they were saying, and i want to reach you what the claim was that the firm is subject to exploitation, influence, and control by the chinese government. that's where the fcc originally had the claim back in april 2020. so they've been looking at this for a long time. it's not brand new. but i think what does may surprise they should they may surprise some people is the idea that as you said, this is something that hasn't really been talked about under the bio ministration. divide administration really doesn't talk about china, but they have continued to carry out these policies that are especially limited to chinese tech in the united states. and now, meanwhile, been an executive at tech tock face tough questions on tuesday during the video sharing apps. first appearance at a u. s. congressional hearing thing. it does not give information to the chinese government and has sought to safeguard us data. what else cam

how big a deal is this for china telecom, how much business do they do in the us? d the world it has 335 million subscribers in more than 100 countries. but it is not that big in the us. it has been there for nearly two decades, but among its customers are american, chinese americans, as well as tourists who go there. 2 million chinese tourists a year and students and businesses providing services to the chinese government facilities in the us as well. that is what the us is worried about. the us regulator says the company could be subject to exploitation influence and control by the chinese government. it is worried about how it accesses stores and disrupts data. also about us communications and how it could disrupt that. the us says that could be used to engage in things like espionage and other harmful activities against the us. the us officials say it was highly likely to be forced to comply with chinese government requests without any independent judicial requests without any independentjudicial oversight. china telecom has called the decision disappointing and

-china tech rivalry and distrust with the vote to remove licenses from china telecom from operating in.s. jue: that is a good question. i think this is a general theme around what some people saw -- call a company started by u.s. and china but no longer just them. it is all of the eu, japan, and korea, pouring money into developing technology and the supply chain domestically. any further export control for any country put on the table just really further accelerates the past but we have seen that happening for a while. it will not be the last time it happens. there are lots of uncertainties that remain. it is hard to precisely call which company will be put on the list. on the china side, there are uncertainties around the notion of prosperity, clamping down on national champions. it raises questions on how fast it can happen and how much of the control will be put in place. haidi: associate partner at bain & co.. great to have you with us and appreciate your time. read a lot more about the pain of the supply chains in our newsletter. that is on nitradenl on the terminal. after postin

federal agency has revoked china telecom's license to operate. it comes after the u.s.ary spoke to the chinese secretary premier. >> one thing that came up in the conversation was that they wanted to see fairer treatment for chinese enterprise. here, you've got an american telecoms regulator voting to revoke the license for chinese telecoms in america. this company now has 60 days to cease operations, or else. that underscores the challen going forward. when you've got this noise going on in the background, the treatment of huawei, it makes these conversations increasingly difficult. ey know they are the world's number two superpower and the fate of the global economy is important. how much progress can they make with this noise going around? ♪ >> we turn to lebanon where violent clashes in beirut led to fears of renewed civil strife. the country is in the grip of an economic and political crisis while still doing with the aftermath of the devastating port blast. as lebanon's descent into chaos accelerates, educated professionals are fleeing. mark urban looks at the imp

the united states has revoked china telecom s licence to operate in the country, citing "national securityncerns over beijing's ownership and control of the company. here in the uk, the chancellor rishi sunak will announce the budget later. rather than continuing to borrow money to prop up the economy, as he had to during the pandemic, he will instead try to show that he can manage the books and rein in spending. but with food and energy prices rising — demand for support is high — as faisal islam, our economics editor, reports. underpinning every budget is a precisionjudgment about the state of the economy, and that has never been more complex. cube precision, an engineering company in the west midlands, like other businesses around the country, has rebounded impressively in recent months but now the pressure is on, prices and wages are on the rise. day—to—day living for staff is getting more expensive which means they would like to earn more money and in orderfor us to do that we had to increase our prices to customers but we have to take into mind that energy prices are going up as well

the united states revokes china telecom s authority to operate in america — citing "national security

the united states revokes china telecom's authority to operate in america, citing "national security"ound the world to cut carbon fall well short of what's needed to avoid dangerous climate change. and can lego save the world's endangered coral reefs? scientists use the famous plastic blocks to try

the united states revokes china telecom's authority to operate in america, citing national security concernset — the gun used was a real one, and criminal charges aren't ruled out.

the us revoked china telecom's license to do business in the states, citing national security concernsy, facebook revealed its quarterly profits of $9 billion, that's up by 17% on the same time last year. the world's largest 3d printed neighbourhood consisting of 100 homes will be built in texas in 2022. a cement—like mixture is used to 3d—print layers before human builders complete the shells, adding roofs, doors and windows. car hire company hertz has ordered 100,000 tesla model 3 cars, and has partnered with ride sharing outfit uber to rent half of these to drivers. the move to sustainable electric fleets starts to hit the road next couple of years, though prospective uber ev drivers will pay around $300 per week to rent their vehicle. and from driving to floating, anchors aweigh, here comes the remote—controlled robot boat — or ro—boat. cruising amsterdam's canals after six years in the making, this plucky powerboat carries up to five passengers, goes a blistering four miles an hour and uses small cameras to get around the dock, with the hope of becoming completely autonomous in th

the united states and battle on the tax front is taking another turn, barring china telecom, from operating within a border. great ad we discussed the development and what it mean related between the world to largest the.

s. fcc revoked the license on china telecom on tuesday. so there actually is a slight escalation rather than a reconciliation going into this meeting. so while it's a great idea for everybody to try to work together, it's easier said than done as that was not a friendly gesture toward the country whom you're trying to build a relationship with and work with. yeah, really the politics as usual, especially with the binding ministration, kind of falling in line with, with the trumpet ministration did before. now speaking of agreements going into effect of ban. we know that one of the big items which many consider is a victory going into the g. 20 is what appears to be a consensus on a global minimum tax. is this truly on the verge of being implemented? well, it looks like that it is. i mean, we're talking about these g 20 countries have all pretty much agreed at least in theory, to imposing some kind of global minimum tax. and then they have reportedly have about a $130.00 countries that have signed on to this idea. so yeah, it looks like it'

china telecom being banned from the united states of america. china and inflation.ant to hone in on the move as we see inflation above the rbi's target for the first time. that is breaking higher and that has dislocated risk sentiment. the aussie dollar trades higher. the yield's spike. what will be rba do? they have to defend their line in the sand on their three-year paper so you are just seeing this pretty strong move across the gmm and that is having a bit of a risk impact for equities. chinese equities are lower this morning. likewise with the rest of the asian markets. a little bit lower. let's get to the aussie. juliette saly is in singapore with your first witness. "bloomberg daybreak: europe -- juliette: a panel of u.s. experts say the benefits of a covid-19 vaccine for young children exceeds its risks. the advisory committee voted 17-0 with one abstention to back the pfizer biontech jab for children between five years old and 11 years old. it sets the stage for a likely u.s. authorization in the coming days. three key u.s. senators have released legislatio

geopolitics, china telecom being close that of the market in the u.s. part of the mix . francine: if we dig deeper into the sectors, earnings are dominating the news. puma raising its sales on profit forecast. deutsche bank maintaining market share. there was a little bit of concern because of the equity division. the one thing we are looking at, technology. on the health care side, because of the vaccines that could be approved for the younger people around the world. health care getting a bit of a boost. look at staples, raw materials and information technology stocks. we had twitter in line with expectations, even though apple changed their data and has not been reflected in the numbers. we need to look a bit deeper into alphabet, for example, the parent company of google. we will have a full roundup of tech stocks with laura wright. tom: we have apple reporting later today. you talked about the banking sector. deutsche bank down 1.4%. you did not see the gains they had in terms of capital raising and advisory offsetting the pressure on the investment bank. they do se

the us revoked china telecom's license to do business in the states, citing national security concernsfits were up 70% on last year. the world's largest 3d printer neighbourhood will be built in texas in 2022. cement —like mixture is used to 3d printer layers before human builders complete their shells, adding routes, doors and windows. car hire company pets as ordered 100,000 tesla model three cars, and has partnered with a ride sharing outfit uber to rent vehicle drivers. they start to hit the road next couple of years, though prospective uber eb drivers will pay around $300 a week to rent a vehicle for. and here comes the remote—controlled robot boat. cruising amsterdam's canals after six years in the making, this plucky powerboat carries up to five passengers, goes a blistering four miles an hour and uses more cameras to get around the dock with the hope of becoming bleakly autonomous in the next 2— four years. it was a boat time! plastic is durable, lightweight and cheap. but by 2040, 29 million metric tons of it are expected to enter our oceans each year. that's 50 kg of plastic

the united states revokes china telecom's authority to operate in america, citing "national securityocks to try

the fcc is banning china telecom from doing business in the united states because of national securityolls over for huawei. what is the policy here? there was a house financial services subcommittee held a hearing discussing the risk of investing in chinese stocks. what i'm hearing here is that they are talking about reducing the number of years to two years from three years on how long a chinese firm has before it's delisted from the u.s. exchanges for refusing to let the you audit be inexpected. also that vie structure is being talked about as perhaps being banned but so far no policy with any teeth against china, congressman. we just let the cfo back to china of huawei, even though huawei continues stealing intellectual property. >> here's the policy that should be. understand that there is no chinese business, no chinese student, that isn't checkedded to the ccp. it is impossible to be part of china and to be associated with china without being associated with the chinese communist party and, therefore, everyone is some type of a threat. they steal our intellectual property. we hav

-china tensions escalating once again, washington barring a major telecom firm from operating in the u.s. over security concerns. meanwhile, general mark milley says that china is the greatest geopolitical threat to this country. he spoke to david rubenstein. >> no question in my mind the biggest geostrategic challenge to the united states will be china, no doubt. russia is not unimportant. russia has significant military capabilities. north korea, iran will be there. but china is the most significant geostrategic threat we face. alix: with us now is our regulatory reporter. walk us through the significance of general milley discussing this, and what happened overnight with this telecom company. >> what general milley is discussing is a piece of the atmosphere that pervades washington, people are worried about china from top to bottom. at the federal communications commission, including republicans and democrats, have voted to bar this telecom company. chairwoman rosenworcel said that the problem is, these chinese state owned telecommunication companies are suspected of mis-routing tr

have to realize it is a danger to single source, any of our critical supply lines through china, whether it's telecomng is, we know that the trump tariff process worked. our ag community is very concerned about what they are going to hear from katherine tie, our manufacturing community, things of that nature. they want to know if they really are going to restart the exemption process because there are some items that are components in our critical supply line that china is the only source. it is the single source and they're looking for routes to bring that manufacturing or some of those components items into u.s.-based or allied-based entities so that they have a more stable and consistent trade policy because with china, you -- whatever they say you're going to get, at the end of the day, that's what they're going to do, look at the bullying as you were mentioning whether it's taiwan hong kong, australia, dealing with us, john kerry cannot seem to hold the communist chinese into account even when it comes to polluting the air and climate and i think part of this place into biden incorporated and th

information, the global national security agencies generally eye the large telecom manufacturers operating worldwide minus a subset from china as trustworthy and helpful partners in minimizing potential threats or supply chain difficulties. trusted manufacturers, not corporate structure or location, should be the deciding factor. second issue, and last at least for today, is the lack of sufficient mid band spectrum for 5g services. great work has been done in the last commission i believe, but it's not been enough. i read comments from a high ranking official. they appropriately championed the work being done to implemented and make operational this year the first tranche of c-span spectrum and plaw through the 3.54 auction. there are also some work done on the lower three gigahertz. for both lance licensed and unlicensed commercial purposes. i love the fact others are joining the chorus. lord knows i served as pied piper for getting these bands available for 5g services during my time. we as a nation are still hundreds of megahertz short compared to the 5g portfolios of the rest of the world. simply put, the u.s. cannot suc

ultimately i think that what china is trying to sell is not only its goods and services around the globe, it's not the matter of huawei trying to compete with european telecom companies, they are also trying to sell their goodwill and their form of government, their authoritarianism. part of the way they do that is not just based saying, hey come our way is great. i do not think that is exactly how it happens. part of the way that it happens is through economic end of element alliances. such that for example, taking money. if you are in a country in africa or latin america or southeast asia, taking assistance were money from china often comes with no strings attached. that means they tend to look the other way if a dictatorial leader in a nation is mistreating his or her people. there are just no strings attached. we are not going to call you out on that or sanction you. whereas with united states, because we are promoting our values of democracy and human rights, when we engage with patients we often expect them to hold certain values consistent with our own. what china is saying is, we are not asking any thing of you. maybe perfunctory early we are but we

ultimately i think what china is trying to sell is not only its goods and services around the world but it's just other countries going and competing with u.s. or european telecom companies. they're also trying to sell their goodwill in their form of government their authoritarianism. part of the way they do that is not to sync our way is a great ought to have adopted instead of being democratic put out think that's exactly how it happens at all. part of the what happens is the economic alliances and development alliances such that for example taking money if you are in a country perhaps in africa or latin america or in southeast asia, taking assistance or money from china often comes with no strings attached. that means they tend to look the other way at the dictatorial leader in a nation is mistreating his or her people, there are just no strings attached were not going to call you out on that were not going to sanction you financially on those things. whereas with the united states, we are promoting our values of democracy, freedom and human rights. we engage with nations still uphold certain values consistent with their own values. and so it china is saying

telecom giant huawei which is backed and funded by the ccp. president biden has taken a different, much more lenient approach to the china threat.hter of the chinese communist party member and huawei founder. her release was a top priority for the party, the communist party. now we're hearing reports that the u.s. is buying surveillance drones made by china for the fbi and the secret service. my next guest warned the administration against emboldening china on his way out the door but was ignored. john ratcliffe is the former director of national intelligence. he joins me now. good to see you. nice to have you, john. thanks for being here. is the u.s. buying drones from china? >> those reports are accurate as reflected, the biden administration through the fbi and secret service purchased from dji, which is a company that the trump administration actually flagged in 2017, department of homeland security said that specific company was using its drones for the purpose of providing information on u.s. critical infrastructure to the chinese communist party and that was moderate competence that that was taking place which is why our

telecoms. broadly positive as we head towards the end of the trading week. francine: i love how the analysts describe l'oreal. evergrande pulls itself back from the brink of default. it has boosted china'sar bonds. and into a broader rally of asian corporate debt. we are joined by kamakshya trivedi from goldman sachs. first of all, evergrande, it is paying the coupon. is it kicking the can down the road? kamakshya: it is clearly positive because there was some concern about the coupon payment to overseas dollar bondholders. the fact that it is happening helps support the containment of the contagion. the soft landing of the property market is never easy anywhere in the world and i think the combination of slower house pricing, slower house price growth alongside strong lev erage means evergrande is not the only company to face this. tom: does that suggest it is too early to look at high-yield asian credit at this point? kamakshya: the fact that there is a limit to the contingent means you do want to look at the rest of asia with a slightly more optimistic view. in terms of the property sector itself in china, i think it does -- i think it is a little bit early to give the all clear call

heavily on telecom companies to connected them -- connect them with the critical service they need, particularly health care through telehealth. when foreign adversaries, like communist china, try to prey upon these companies, they are, in turn, attempting to prey on hardworking americans like my constituents. that is why i'm proud today to join my colleagues in supporting this vital legislation that would ensure the federal government prevents any further chinese state-backed equipment from being used here in the united states. this bill is vital to our national security and i urge my colleagues on both sides of the aisle to support it. thank you. i yield back the balance of my time. the speaker pro tempore: the gentleman from louisiana reserves. the gentleman from new jersey is recognized. mr. pallone: does the whip have any additional speakers? mr. scalise: the gentleman does not. we are prepared to close. mr. pallone: i reserve. the speaker pro tempore: the gentleman from new jersey is recognized -- reserves. the gentleman from louisiana is recognized. mr. scalise: thank you, again, madam speaker. i would just again join along with my colleague, anna eshoo of californi