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News roundup: Light at the end of the tunnel for ZTE

A roundup of the week’s technology news including Facebook fines, rapid Blockchain consultation, and GitHub ’95.

 

ZTE almost back in business

I’m back, baby! Embattled Chinese telco company ZTE has jumped through the required hoops and will soon be allowed to restart operations in the US. The company has changed its board and agreed to place $400 million in an escrow account that the US government could take if it feels the company isn’t complying. Bloomberg reports the ban has so far cost the company around $3 billion.

Not everyone was happy with the news, however. Senator Chuck Schumer said allowing ZTE to resume business was “a direct betrayal” to American workers and President Donald Trump’s promise to be tough on China.

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Dan Swinhoe

Dan is Senior Staff Writer at IDG Connect. Writes about all manner of tech from driverless cars, AI, and Green IT to Cloudy stuff, security, and IoT. Dislikes autoplay ads/videos and garbage written about 'milliennials'.  

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