Home » Business » Chinese telecoms firm ZTE fined $1.2bn for breaching US sanctions

Chinese telecoms firm ZTE fined $1.2bn for breaching US sanctions

The Chinese telecoms company ZTE has been fined $1.2 billion by US authorities for bringing American-made products into Iran and North Korea. The company’s shares jumped in trading in Hong Kong as investors expressed relief that the matter had been closed. Also today, a Wall Street firm has erected a statue to mark International Women’s Day.

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About News Desk

News Desk
Editors and staff from the News Desk at The Global Herald.

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