Google flags US national security risks from Huawei ban

Google’s move comes as the world’s two top economies ratchet up tariffs in a battle over what US officials call China’s unfair trade practices. (File/AFP)
Updated 07 June 2019

Google flags US national security risks from Huawei ban

  • The move comes as the world’s two top economies ratchet up tariffs in a battle
  • While the sanctions are expected to hurt Huawei in the short term, industry experts say it could force the company to be self-reliant

Alphabet Inc’s Google has warned if the US administration moves ahead with sweeping ban on Huawei Technologies Co. Ltd, it risks compromising national security, the Financial Times reported on Thursday.
Google’s move comes as the world’s two top economies ratchet up tariffs in a battle over what US officials call China’s unfair trade practices.
While the sanctions are expected to hurt Huawei in the short term, industry experts say it could force the company — and other Chinese firms — to become self-reliant by developing more home-grown technologies, hurting the dominance of American companies such as Google in the longer term.
Google in particular is concerned it would not be allowed to update its Android operating system on Huawei smartphones, which it argues would prompt the Chinese company to develop its own version of the software, FT reported, citing people briefed on Google’s lobbying efforts.
The search giant argued a Huawei-modified version of Android would be more susceptible to being hacked, the newspaper said.
The US administration in May added Huawei to a trade blacklist. The move put Huawei and 68 affiliates in more than two dozen countries on the Commerce Department’s so-called Entity List.
Google and the US Department of Commerce were not immediately available for comment on the report.


Russian and Chinese investors in talks about Saudi Aramco IPO involvement

Updated 12 min 58 sec ago

Russian and Chinese investors in talks about Saudi Aramco IPO involvement

  • The initial public offering of the world’s biggest oil company is reaching a critical phase

RIYADH: Russian and Chinese investors are keen to get involved in the international element of the forthcoming initial public offering of Saudi Aramco, according to Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF).

Dmitriev told Arab News: “I would say that some Russian investors are interested. For the sovereign wealth fund (RDIF) to get invest in the Aramco IPO is still under discussion. We also have our Russia-China Investment Fund, and we have interest from Chinese investors to get involved in the Aramco IPO. We are still in discussion with our Chinese partners, and with our Russian investors.

“We are thinking what would be the different opportunities, given the interests of China and given the interest of some of the Russian investors. We will have to see how some of the details go, and nothing has been finalized, but there is definitely interest from some Russian and Chinese investors,” Dmitriev added.

The IPO of the world’s biggest oil company is reaching a critical phase, with some observers expecting the formal announcement of a listing on Tadawul just days away. Having a foreign sovereign investor, as well as a listing on a foreign stock exchange, could be a part of the later strategy to sell around 5 per cent of the state-owned company to private investors.

Dmitriev was speaking on the sidelines of the Saudi Russia CEO Forum in Riyadh, a meeting of top businessmen for both countries to coincide with the visit of President Putin.