The confrontation between Chinese technology company, Huawei, and the United States has nowhere reached its end, as Huawei, today, announced the company has filed a lawsuit against the US government.
Huawei’s legal action is viewed as a pushback against pressure from the U.S government, who recently accused the technology company of spying on behalf of the Chinese government. The company has continued to deny the claim.
The United States accused Huawei of intellectual property theft, claiming Huawei is spying with its technology. According to a statement by the U.S Vice President, Mike Pence, China’s law urges Huawei to release data collated by their technology.
“Chinese law requires them to provide Beijing’s vast security apparatus with access to any data that touches their networks or equipment,” Vice President Mike Pence said last month.
Huawei’s legal stand
Huawei denied Mike Pence’s allegation, stating that it would normally resist any pressure from the Chinese government if the company was ever asked to hand over data or spy on the government’s behalf.
The lawsuit against the United States was filed in Texas, challenging a recent US law which bans US federal agencies from buying the company’s products.
Huawei is asking a US federal court to overturn part of the National Defence Authorisation Act, which was signed by President Donald Trump in August. Huawei alleges that a portion of the law — which specifically forbids government agencies from using technology from Huawei and its smaller Chinese rival, ZTE (ZTCOF) — violates the US Constitution by singling out an individual or group for punishment without trial.
“The US Congress has repeatedly failed to produce any evidence to support its restrictions on Huawei products. We are compelled to take this legal action as a proper and last resort.”
Intellectual property theft allegation
While the United States hasn’t provided actual evidence, the North American country is lobbying other countries to ban Huawei technology or place sanctions on the company as well.
This led to the arrest of Huawei’s Chief Financial Officer, Meng Wanzhou, who was arrested in Canada due to a request from the U.S, who is now demanding for her extradition to the U.S. Huawei and Wanzhou were accused of assisting Iran to bypass a U.S. sanction.
Huawei Deputy Chairman, Guo Ping said Huawei is an employee-owned technology firm and not state-run, so it’s activities can’t be determined by the government.
“Huawei has not and will never implant ‘back doors. We will never allow others to install any in our equipment.” Ping said.
“This ban not only is unlawful, but also restricts Huawei from engaging in fair competition, ultimately harming US consumers,” ping said
Meanwhile, as Huawei continue to deny being a cybersecurity threat, Ping accused the U.S of hacking into the company’s servers and stealing the company’s email. The claim was said to be as a result of leaked information on American intelligence and surveillance operations to the media by Edward Snowden, the former US National Security Agency contractor.
Ping said the US government “has hacked our servers and stolen our emails and the source code.”
Jack Dorsey’s Square set to acquire majority stake in Jay Z’s Tidal for $297 million
Jack Dorsey’s company, Square set to acquire Tidal, the streaming music service owned by Jay-Z for a $297 million deal.
Square, the mobile payments company owned by Jack Dorsey, announced on Thursday its plan to acquire a “significant majority” of Tidal, the streaming music service owned by Hip-hop music mogul, Jay-Z.
Square said it expects to pay $297 million, in a combination of cash and stock, for a stake in Tidal. Shawn “Jay-Z” Carter will join Square’s board, subject to the closing of the transaction while Tidal will operate independently within Square.
Existing artist shareholders will still remain stakeholders. Other Tidal artist-owners include Beyoncé, Alicia Keys, Coldplay’s Chris Martin, Kanye West, Madonna, Nicki Minaj, and Rihanna.
In a tweet made by Jay-Z today, he highlighted that “from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. Artists deserve better tools to assist them in their creative journey.”
He also commented that “Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board.
“This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!”
Jack Dorsey, who is CEO of both Square and Twitter, also commented on this deal “comes down to one simple idea: finding new ways for artists to support their work.”
“New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. I knew Tidal was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.”
Jesse Dorogusker, a Square executive will lead Tidal on an interim basis. He added that Square will offer financial tools to help Tidal’s artists collect revenue and manage their finances. “There are other tools they need to be successful and that we’re going to build for them,”.
What you should know
- Last month, Jack Dorsey and Jay-Z announced a Bitcoin fund focused on developing the cryptocurrency’s adoption in Africa and India.
- In 2017, Sprint bought a 33% stake in Tidal. This week, Jay-Z bought back those shares from T-Mobile (which acquired Sprint).
- Last month, Jay-Z announced that he would sell 50 percent of his champagne company, Armand de Brignac — better known as Ace of Spades — to LVMH Moët Hennessy Louis Vuitton amid a downturn in the entertainment industry caused by the pandemic that has affected some of Jay-Z’s holdings.
Ngozi Okonjo-Iweala resumes first day as WTO Director-General
Dr Okonjo-Iweala officially resumed duty as the DG of the WTO today, March 1, 2021.
Dr. Ngozi Okonjo-Iweala, former Nigerian Finance Minister and the first woman and African to be appointed as Director-General of the World Trade Organization resumed her first day of work as WTO chief.
This was disclosed in a social media statement on Monday morning by the WTO. Okonjo-Iweala said the WTO has lots of work to do and she feels ready to start
The trade organisation said: “Welcome to Dr Ngozi Okonjo-Iweala, on her first day as WTO Director-General! She makes history as the first woman and first African to take up this post.”
On her first day, Dr. Iweala said she is “coming into one of the most important institutions in the world and we have a lot of work to do. I feel ready to go.”
Director-General @NOIweala & the chair of WTO fisheries subsidies talks @WillsSantiago welcomed civil society's plea for a successful conclusion to the negotiations, visiting today an ice sculpture set up in front of the WTO headquarters by the #StopFundingOverfishing coalition. pic.twitter.com/9Y5eN4Bh5y
— WTO (@wto) March 1, 2021
What you should know
- On February 15th 2021, Nigeria’s Dr. Ngozi Okonjo-Iweala was officially appointed as the Director-General of the World Trade Organisation.
- The United States and former Permanent Secretary Federal Ministry of Foreign Affairs, Ambassador Joe Keshi pointed out that the only way Nigeria as a country can benefit from her appointment is by being productive.
- “She will not help you unless you are productive, she will not help you except you have something to sell, because her role as a DG of the World Trade Organization, the World Trade Organization is an organization that regulates global trade and except you have something to sell and you know put into the world market her role is to ensure that you get a fair deal and that you are not cheated in the whole process,” he said.
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