When will Trump’s obsession with Huawei end? For more than two years, the US government has wandered into an on-and-off relationship with Chinese companies, especially Huawei and ZTE. Currently, the Chinese corporate world is suffering a massive ban on American soil.
Huawei, the ban’s main target, operates purely through a temporary extension granted by the US government. Unfortunately, the license runs out in a few days on November 18, US time. Even then, the current one is already the second extension since May’s definitive ban. In fact, the government already talked about ceasing the extensions altogether.
However, if their previous “promises” are anything to go by, even this particular promise was made on shaky ground. First reported by Politico, the government is expected to extend Huawei’s extension a third time. Unlike the previous 90-day extensions, however, the upcoming one will extend the company’s license by six months.
Though surprising, a third extension likely stems from the government’s recent headway with a more permanent deal. As such, the Trump administration will gain much more by keeping Huawei as a bargaining chip during the deal’s negotiations.
Still, this is getting tedious. For months, both the US and China have been in a relentless tug-of-war for Huawei’s right to operate. However, despite all the news, the issue hasn’t seen a definitive conclusion. Huawei is still in the same mire that it’s been in since May. Who knows when it will end?
UK Prime Minister caught using a Huawei P20
After issuing warning about the company
Whenever you lobby against a certain thing, you’d better not get caught using that same thing. Surprisingly (or not), UK Prime Minister Boris Johnson did not receive that memo. On live television, the leader of the increasingly Huawei-phobic country used a Huawei P20 to take a selfie with the show’s interviewers.
On ITV’s This Morning, the Prime Minister engaged in an interview about his governmental policies. After the interview, he whipped out last year’s popular flagship from Huawei, inviting the hosts for a selfie.
Ironically, Johnson issued a statement, exercising caution over Huawei’s entry into UK’s 5G market. Currently, the country is deliberating business with the Chinese tech company. Unlike the US, the UK is still on the fence about a China-sponsored deal.
However, the Prime Minister recently brought a warier approach to a future deal, focusing on national security over corporate interests. Still, Johnson remains open to foreign investments, decrying unnecessary biases against international help.
If anything, Huawei is assuring other countries that its technology will not interfere with their respective national securities. On the other side, the company’s primary rival, the US, is asking other countries to reconsider trade deals with Huawei, citing the cybersecurity risk in allowing the company to take over a country’s telecommunications.
Regardless of the UK’s decision, Johnson’s P20 comes at an interesting time. To make matters a bit more muddled, Johnson’s representative alleges that the phone came from a staffer, rather than the Prime Minister’s own pocket. Is the UK for or against Huawei? Only time will tell.
Google’s founders step down from parent company
Sundar Pichai will take over as Alphabet CEO
Today’s world is dominated by personalities. Facebook is already completely synonymous with Mark Zuckerberg. Apple is already completely synonymous with Tim Cook. Unsurprisingly, technology’s biggest leaders are dominating the discussion surrounding their respective companies. However, amidst today’s cults of personalities, one big company is keeping it relatively lowkey: Google.
Even since the company’s inception, Google’s founders Larry Page and Sergey Brin have traditionally shied away from the limelight, letting the products speak for themselves. In fact, in 2015, the founders stepped down from their leadership roles at Google, surrendering the reins to incumbent CEO Sundar Pichai. Meanwhile, Page and Brin restructured (and headed) the entire corporation under a larger parent company, Alphabet. Still, despite the restructuring, the duo kept to their shadows.
Now, Page and Brin are taking an even larger step back. In a sudden farewell letter issued today, the duo is stepping down from Alphabet’s top seats. Once again, Pichai will take over as CEO of both Alphabet and Google.
“And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet,” the letter said. However, the duo will still “remain actively involved as Board members, shareholders and co-founders.”
On the other side of the board, Pichai is taking a confident approach to the new leadership role. “I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone,” Pichai said.
Pichai’s promotion comes at an interesting time. For one, Google is currently under negotiations with Huawei to resurrect the latter’s Android-powered products. Who knows where Alphabet and Google will go from here?
ING Bank has a new way to entice you to save
By offering rebates
ING is being aggressive with its efforts to shakeup digital banking in the Philippines. After providing an all-digital way to create a savings account and offering aggressive interest rate, the bank is now offering rebates on transfer fees.
While the emphasis these holiday season is to spend, ING is encourage Filipinos to save by offering a fixed PhP 100 rebate for every successful electronic bank transfer, for up to two transactions per month.
The promo begins right now and will last until January 31, 2020. So if you’re wondering where you should put your hard-earned bonus, think about saving instead of spending. This promo will work alongside the 4 percent per annum interest rate.
ING first entered the Philippines in November 2018. In 2019, they launched an aggressive campaign to get more Filipinos to save by offering an alternative to your usual banks — one that’s purely digital with sign up possible all on the app. Best of all, there’s zero maintaining balance.
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