LONDON — Two Canadian nationals detained in China were arrested and formally accused Thursday of alleged espionage, a move that risks exacerbating a diplomatic spat between the two countries that started with Canada's arrest of a Huawei executive last year. Former Canadian diplomat Michael Kovrig was arrested on "suspicion of spying on state secrets and intelligence for overseas," China's Ministry of Foreign Affairs spokesman Lu Kang told a press briefing Thursday. China-based entrepreneur Michael Spavor was arrested on "suspicion of stealing and illegally providing state secrets to overseas", Lu added. The two Canadians were detained separately in December last year on suspicion of "endangering national security" — a vague accusation that encompasses both traditional espionage and other forms of information gathering such as interviewing political dissidents and contacting non-governmental organizations. But they were only formally arrested = on Thursday. The pair were … [Read more...] about China arrests 2 Canadians accused of espionage
AMSTERDAM (Reuters) - Dutch ASML was the victim of Chinese corporate espionage a few years ago, but said the information stolen was not a blueprint for the lithography machines that have made it a world leader in semiconductor equipment. ASML Holding logo is seen at company's headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier ASML said the perpetrators took “large files” on memory sticks from its Silicon Valley software subsidiary that develops software for machine optimization. It said it had since taken action to make such theft much more difficult. The Dutch company welcomed a Sino-European agreement earlier this week, which promised that Beijing would no longer force foreign companies to share sensitive know-how when operating in China. “Can we prudently do business in China? Yes of course. This was a rotten apple,” ASML said in a statement. ASML’s sales to China more than doubled to 1.8 billion euros ($2 … [Read more...] about ASML falls victim to Chinese corporate espionage
By Douglas Busvine FRANKFURT (Reuters) - The telecoms industry has called on European governments to join mobile operators in establishing a testing regime to protect network security without having to resort to the disruptive step of excluding vendors from the market. The initiative by the GSMA, which represents 800 operators worldwide, comes as the United States steps up pressure on its allies to ban China's Huawei on national security grounds. Operators warn that such a step would disrupt the supply of equipment, increase costs to them and their customers, delay the rollout of next-generation 5G services by years and potentially hobble existing networks. "Such significant consequences, intended or not, are entirely avoidable," the GSMA said in a statement issued just over two weeks before it hosts its annual Mobile World Congress in Barcelona. The industry fest, to be attended by more than 100,000 visitors, is also expected to feature a closed-doors discussion of telecoms CEOs of … [Read more...] about Telecoms industry calls for Europe-wide network testing regime
By Anupreeta Das WSJ Fri., Jan. 25, 2019 DAVOS—Global business leaders are hoping that the U.S. and China will strike a trade pact soon to calm jittery markets, minimize disruption to their operations and mitigate the impact of an economic slowdown in the Asian country, where they still see plenty of room for growth. Uncertainty over the trade dispute coursed through conversations at the World Economic Forum in Davos this year. Many executives also said the two countries’ tussle for economic and technological supremacy is adding a new layer of unpredictability to their longer-term business outlooks. “There is the fear that things go bitter and an economic Cold War breaks out between China and the U.S.,” said Maurice Levy, chairman of advertising firm Publicis Groupe SA. Hedge-fund billionaire and philanthropist George Soros on Thursday took direct aim at China, labeling the country’s desire to “dictate rules and … [Read more...] about Industry Hopes for Detente in U.S.-China Trade Spat
PUBLISHED: 12:27 15 January 2019 Caroline Culot Fighting cyber crime; the team at Cyberfe. Pictured from left to right are; Peter Cubbin, Deborah Cubbin, Michael Lee, Harry McLean and Nicky Lawlor. Pic: www.cyberfen.co.uk Archant The biggest cyber threat to businesses attempting to cause data mayhem comes from Russia, China and North Korea and it’s not a case of “if but when,” bosses have been warned. And experts have underlined that message warning that businesses need to ensure their systems are more robust than their competitors – otherwise they could suffer expensive breaches.That was the tough message from two former soldiers who have now started fighting a different battle against a global enemy deliberately targeting businesses in order to create chaos, disrupt an economy and basically spread misery and cause a huge financial loss at the touch of a button.Cyber experts former army officer Peter Cubbin and Captain Paul Maskell … [Read more...] about Is your business armed against the threat of a cyber attack?