In victory for US, Huawei blocked from sponsoring defence summit in ally Slovakia

Photographer: Krisztian Bocsi/Bloomberg

Huawei Technologies was barred from sponsoring a defense summit in NATO member Slovakia after the country’s president briefly canceled a speech over concerns the Chinese telecommunication company posed a security risk.

President Zuzana Caputova’s refusal to speak at the conference hosted by the Bratislava-based Globsec think tank is a victory for the U.S., which has been exhorting its allies to block Chinese companies from technology projects, including nuclear plants and 5G networks.

Caputova canceled a speech she was due to give on Wednesday at the event, according to her spokesman, Martin Strizinec. Globsec then ended the sponsorship with Huawei, however, and she reverted to the original plan.

“The president sees speaking at a conference with such a company among sponsors as a bad signal,” Strizinec said by email. “For her, it isn’t only an issue of security, but also of principles and values.”

A spokeswoman for Huawei’s Slovak unit declined to immediately comment when reached by phone.

The decision follows a tour of Europe by US State Secretary Mike Pompeo, who pressed Washington’s allies to shun Russian and Chinese companies’ efforts to take part in technological projects.

In August, Slovenia signed a declaration on 5G security, agreeing to guard its networks in a way that could block Huawei from taking part. Fellow North Atlantic Treaty Organization members Poland, the Czech Republic, Romania, Latvia and Estonia signed similar statements with the U.S. last year to block access to companies that might be subject to foreign state interference.

Globsec has withdrawn from the sponsorship pact with Huawei, the Bratislava-based think tank said on its website, adding that neither Huawei nor any other partner has any influence over the content of the conference or research.

Bloomberg

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.