The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.Airlinesread more
Three civil rights groups filed a federal lawsuit on Tuesday challenging the Trump administration's new asylum rule, which bars asylum claims from most noncitizens who travel...Politicsread more
Google VP of policy Karan Bhatia started sweating early as hearing chair Ted Cruz brings out an internal presentation created within the company.Technologyread more
At a hearing with the House Judiciary subcommittee on antitrust, an Amazon representative disputed a key argument about how it users sellers' data.Technologyread more
Huawei does not have any company-sanctioned projects cooperating with China's military and does not customize products for use by the country's armed forces, the tech giant's legal chief told CNBC on Thursday.
That comes after Bloomberg reported earlier in the day that, based on public documents, Huawei's workers had cooperated with various parts of China's People's Liberation Army (PLA) on research including on artificial intelligence and radio communications.
But the company exec denied there'd been any official work with the PLA.
"As far as I know, we don't have military cooperation projects because we are a company dedicated to provide communications systems and (information and communications technology) solutions for civil use," Song Liuping, chief legal officer at Huawei, told CNBC in a Thursday interview conducted in Mandarin and translated by a company-provided translator.
"My understanding is we don't have any projects that relate to the military cooperation category. Neither do we customize products or solutions for the military," he added.
Bloomberg's report outlined at least 10 initiatives in the last decade on which Huawei employees allegedly worked with Chinese military units. Those included one to extract and classify emotions in online video comments, according to the report. The information was gathered by looking at publicly available research papers whose authors were identified as Huawei employees, the report said.
A spokesperson for Huawei told CNBC the company is "not aware of its employees publishing research papers in their individual capacity."
Huawei's founder Ren Zhengfei was a former officer in the PLA. Huawei's critics have pointed to that fact to suggest the company has a close relationship with China's military and government. The U.S. government is worried that Huawei's equipment could present a risk of China accessing user data. Washington has also suggested there's hazard associated with laws in China that apparently compel Chinese companies to help Beijing in any national intelligence work if asked.
Ren told CNBC earlier this year that the company would resist any request from Beijing for user data.
"Even if we were ordered to, Huawei would still not install backdoors. If a single backdoor was found in even one of the countries where we operate, our sales would shrink in all of them," Ren said.