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White House considers new year executive order to bar Huawei, ZTE purchases

WASHINGTON: President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar US companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration to cut Huawei Technologies and ZTE Corp, two of China’s biggest network equipment companies, out of the US market. The United States alleges that the two companies work at the behest of the Chinese…

Bank bans bitcoin purchases via credit card

LONDON: Lloyds Banking Group on Monday joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns. An LBG spokesman said the ban was across its Lloyd Bank, Bank of Scotland, Halifax and MBNA branded credit cards. In a brief statement, he said LBG does "not accept credit card transactions involving the purchase of cryptocurrencies". Read More: Anonymous philanthropist makes $5 million bitcoin donation Over the past few days, US lenders Bank of…