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“We haven’t been able to do our work as members of parliament,” said Senator Elisabeth Lamure, who is also vice-chair of the upper house’s committee for economic affairs. The rejection by the Senate means the government will need to find another bill to pass the provision, which could delay its implementation by several months. “The government will find other legislation to raise up this issue,” an official at the French finance ministry said ahead of the Senate vote in anticipation that the amendment would be voted down cufflink blanks.
Huawei, the world’s biggest telecoms equipment maker, is facing international scrutiny over its ties with the Chinese government and allegations that Beijing could use its technology for spying, which Huawei denies cufflink blanks. The U.S. Justice Department has also charged Huawei with conspiring to violate U.S. sanctions on Iran and with stealing robotic technology from T-Mobile US Inc. The future deployment of the fifth-generation mobile technology has raised concerns in the government, as two of France’s main telecoms operators, Bouygues Telecom and Altice Europe’s SFR Group, are already using Huawei’s equipment for their network..
NEW DELHI (Reuters) – One of the biggest sellers on Amazon.com Inc’s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters. India’s modified foreign direct investment rules that kicked in on Feb cufflink blanks. 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies, have equity holdings. Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent equity stakes in both firms..
But on Thursday Cloudtail had returned with more than 300,000 products listed on Amazon, after the U.S. e-commerce firm cut its indirect holding to 24 percent, one of the sources with knowledge of the matter told Reuters. The stake was bought by the majority holders, Catamaran Ventures, the source said. “We have no equity participation in any seller company on our marketplace,” Amazon said in a statement, without sharing details of the changes in its indirect holding of Cloudtail cufflink blanks. Catamaran, an investment firm launched by Infosys founder N.R. Narayana Murthy, said it had made “required changes” to comply with the rules, but did not elaborate..
Amazon is working on a similar restructuring for the other big seller, Appario, a second source said. The sources declined to be named as they were not authorized to discuss the same with media. The new rules were introduced after complaints from small Indian traders who said Amazon and Walmart-owned online retailer Flipkart used their control over inventory from affiliated vendors to unfairly offer discounts cufflink blanks. The Confederation of All India Traders (CAIT), which has pushed for tougher scrutiny of e-commerce players, on Thursday alleged Amazon’s latest move was a circumvention of the new rules..