2019年5月16日
Huawei slams Trump’s 'unreasonable' ban, saying that the move will only harm US interests in its own 5G rollout
Trump signed an executive order on Wednesday declaring a national emergency over “threats against information and communications technology and services” in the US. Chinese telecommunications giant Huawei on Wednesday responded to news of President Donald Trump’s national emergency declaration and subsequent placement of Huawei on the US Commerce Department’s “entity list,” which bans the company from buying parts from US vendors without US government approval.
Huawei, the world’s largest telecommunications equipment producer, said in a statement that it was willing to “engage with the US government” to come up with solutions to security concerns, but it said a ban on its business in the US would only serve to hurt US interests. The company also slammed the US for its “unreasonable restrictions,” which it says infringes on Huawei’s rights and could lead to serious legal battles down the road.
While the declaration did not explicitly mention Huawei by name, it set the stage for the US Commerce Department to ban US companies from selling parts to the tech giant without government approval. US officials told Reuters that the move will make it nearly impossible for Huawei to sell some of its products because it relies heavily on US suppliers.
China’s foreign ministry called the US move an “abuse of its national power.”
WeWork is setting up a $2.9 billion fund to buy buildings that it will lease to itself
WeWork CEO Adam Neumman has a new plan for the $US47 billion office-sharing company: Instead of subleasing space in other people’s buildings, he wants WeWork to buy its own buildings. WeWork announced Wednesday that it has set up an investment fund called ARK that will be used to purchase commercial properties that the fund will lease to WeWork.
ARK will have $US2.9 billion in cash to invest, $US1 billion of which will come from Ivanhoé Cambridge, a Canadian real estate company. Prior to the launch of ARK, WeWork has generally focused on leasing space from traditional property owners rather than buying and leasing out its own properties. WeWork has become a major player in the real estate market. It now has some 45 million square feet of office space around the world.
But the company’s massive expansion has come with major costs. It lost $US1.9 billion last year and has repeatedly had to raise new funds to replenish its coffers. What’s good for the outside investors in ARK – such as which buildings to buy, which potential tenants to lease to, and the rental rate to charge – may not be good for WeWork and vice versa.
Amazon started building its $1.5 billion airport
Jeff Bezos kicked off work at Amazon’s new $US1.5 billion airport development near Cincinnati on Tuesday. Amazon agreed to a 50-year lease for more than 900 acres of property from Cincinnati/Northern Kentucky International Airport in 2017. This space is close to the size of the global hubs of top cargo airlines, according to the Associated Press.
Amazon plans to take greater control of its shipping process and become less reliant on carriers such as UPS, FedEx, or the US Postal Service as it seeks to cut costs and speed up delivery times. This will be especially pertinent to its plans of one-day shipping for Prime members. “This hub is going to let us get packages to customers faster, and that’s a big deal,” Bezos said, according to Cincinnati’s WCPO-TV. “We’re going to move Prime from two day to one day, and this hub is a big part of that.”
The development is expected to open in 2021 and bring 2,000 jobs to the airport.
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