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Washington has concluded an agreement with the Chinese corporation ZTE, which provides the lifting of a ban on the sale of equipment of this company for the American companies, the US Commerce Secretary Wilbur Ross said in an interview with CNBC. In April, the US Department of Commerce accused ZTE of illegal supply of American goods to Iran and banned American companies from selling equipment to the Chinese company for 7 years. The agreement reached on Thursday provides the replacement of the board of directors and management of ZTE within 30 days, as well as the payment of a fine of $1 billion and a temporary deposit of $400 million.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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