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Last Trade - 05/03/21

Large Cap
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U.S. aide warns Brazil, without evidence, of Huawei 5G 'Big Brother' surveillance

Wed 11th November, 2020 5:03pm
BRASILIA, Nov 11 (Reuters) - A U.S. official said on
Wednesday that Chinese surveillance of the world through 5G
technology was like Big Brother in George Orwell's novel 1984,
as he urged Brazilian companies not to buy equipment from
China's Huawei Technologies Co Ltd.  HWT.UL 
    Keith Krach, U.S. under secretary of state for economic
growth, energy and the environment, said multinational companies
will increasingly stay away from countries that do not have safe
civilian networks and risk their data and intellectual property
being stolen.
    "This story about the Chinese Communist party ... it is a
real and urgent threat to democracies like ours around the
world," Krach said in a speech on economic security at Brazil's
Getulio Vargas Foundation think tank.
    "They are trying to export dictator out of the box with
their surveillance tools. It is the extension of that Orwellian
1984 Big Brother surveillance," he said, without providing
    Brazil's right-wing government announced its support on
Monday for the U.S. proposal for a Clean Network, a global
digital alliance that excludes technology that Washington sees
as manipulated by China.*:nL1N2HW3M3
    Brazil became the 50th nation to sign on to the initiative,
which now includes 170 telephone firms and many of the world's
leading high-tech companies.
    U.S. Secretary of State Mike Pompeo said on Tuesday that "27
of 30 NATO allies, 31 of 37 OECD members, 26 of 27 EU members,
and 11 of 12 of the Three Seas nations" have joined.
    Krach met in Brasilia with President Jair Bolsonaro's
national security advisor, retired army general Augusto Heleno
to discuss excluding Huawei from Brazil's 5G market, a decision
the Brazilian government is considering before spectrum
concessions are auctioned next year to local telcos.
    Brazil's top carriers are already testing Huawei equipment
for 5G and favor keeping their purchase options open.
    Huawei has repeatedly denied being a security risk. It has
said it abides by Brazil's laws and is available for tests and
clarifications that authorities considered necessary.

 (Reporting by Anthony Boadle; Editing by Bernadette Baum)
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