The Freeland File
Global Market Data
Tales from the Trail
Lucy P. Marcus
David Cay Johnston
The Great Debate
Jack & Suzy Welch
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Paralysis patient tastes freedom through thought control
Groundbreaking new research is allowing quadriplegics to control objects with a robotic arm and the power of their thoughts. People who have lost the use of their limbs can perform basic functions by manipulating the technology with their minds, according to the U.S. study. Video
Stem cell therapy credited with saving girl's life
Exclusive: ECB stops operations with some Greek banks
Apple readies iPhone with bigger screen: sources
Facebook IPO triggers retail investor craze
Lawyers for ex-Senator John Edwards rest case
Samsung loses $10 billion market value on Apple order report
Romney apologizes for bullying incident at school
Germany’s Merkel dealt heavy blow in state vote
Weary warriors favor Obama
A look at the UK’s most beautiful face
Thu, May 10 2012
Drought blamed for fall of Mayan civilization
Tue, May 15 2012
'Mother killed kids': police
Tue, May 15 2012
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Nigeria's oil thieves
Nigeria is Africa's largest crude oil exporter but its production capacity has been slashed by thieves drilling into pipelines. Slideshow
Life in an Amazon tribe
A look at life in the Brazilian Amazon basin with the Yawalapiti tribe. Slideshow
Huawei: EU contract plans may signal more curbs
Insight: Outsider Ren pits Huawei against the world
Mon, Apr 23 2012
Analysis & Opinion
Koreaâ€™s bold move increases prospect of global carbon trading
Switzerland says goodbye to light touch regulation
By Foo Yun Chee
Wed May 16, 2012 2:41pm EDT
BRUSSELS (Reuters) - China-based Huawei criticized on Wednesday proposals by the European Union to block non-EU companies from lucrative public contracts, saying such a move may pave the way for more restrictions on doing business in the bloc.
The European Commission proposed in March to exclude foreign companies from EU contracts worth more than 5 million euros ($6.37 million) if the countries where they are based repeatedly discriminate against EU firms.
The move came amid mounting trade tensions between Europe, China and the United States. Public contracts for building highways to running data networks in the EU are worth more than 500 billion euros a year, making them among the most lucrative in the world.
The EU executive is going about it the wrong way by setting conditions on doing business in the 27-country region, John Suffolk, Huawei Technologies' global cyber security officer, told reporters.
"It sounds like you want an open market but with caveats around it. It's a slippery road to hell," he said.
Huawei is the world's No.2 telecoms equipment maker and occupies the sixth spot in the global mobile phone manufacturing sector.
Based in the southern Chinese city of Shenzhen, Huawei does business with major carriers in China, southeast Asia, Africa and Europe. It has run into resistance in some markets, including the United States and Australia over national security concerns.
The EU Commission's proposals, which will need to be approved by EU lawmakers and EU governments before they become law, have been criticized by Britain, Germany, Sweden and non-EU countries.
($1 = 0.7849 euros)
(Reporting by Foo Yun Chee; Editing by Jon Loades-Carter)
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.