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The charge came after the central Nigerian government and local states settled a dispute over the distribution of revenue from hydrocarbon production. The sides agreed last year that Abuja would pay the states several billion dollars, three company and government sources said. The companies were expected to dispute their respective payment claims. “Equinor sees no merit to the case,” the company spokesman said. A source at another company said: “This looks like an internal dispute between the federal and local governments. The central government is simply trying to shift to the IOCs (international oil companies) money it owes.”.
It was unclear whether the move was linked to the upcoming presidential election in Nigeria, the most populous African country, The tax demand adds a fresh challenge to energy companies investing in Nigeria, Africa’s biggest oil and gas producer, which have been negotiating production-sharing agreements with the government to develop and operate giant yankees pinstripe cufflink and tie bar gift set offshore fields, Oil theft, massive oil spills and corruption further complicate operations in the country, Nigeria, a member of the Organization of the Petroleum Exporting Countries (OPEC), produced around 2.1 million bpd of oil last year, compared with 1.86 million bpd in 2017, NNPC says..
(Reuters) - Alphabet Inc’s Google said on Wednesday it had made an “error” in not disclosing that its Nest Secure home security system had a built-in microphone in its devices. Earlier this month, Google said here Nest Secure would be getting an update and users could now enable its virtual assistant technology Google Assistant on Nest Guard. The device's published specifications did not mention a microphone, however the updated product page here now mentions one. “The on-device microphone was never intended to be a secret and should have been listed in the tech specs. That was an error on our part. The microphone has never been on and is only activated when users specifically enable the option,” Google said.
(Reuters) - Top U.S, and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war, The world’s two largest economies are trying to beat a March 1 deadline for a deal that averts a scheduled increase in U.S, tariffs on $200 billion of Chinese goods to 25 percent from 10 percent, U.S, President Donald Trump has said he may be flexible on the deadline if he sees progress towards a yankees pinstripe cufflink and tie bar gift set deal..
Sources familiar with the talks told Reuters that negotiators are working on six memorandums of understanding for actions to be taken by China on structural reforms to trade and economic policies. U.S. and Chinese negotiators are also discussing a 10-item list of shorter-term measures, largely purchases of commodities and other goods. Following are the areas and issues that they are expected to cover. Washington says foreign firms are often required to transfer technology and give away intellectual property to operate in China. China denies this.
The United States wants China to ensure foreign companies do not come under pressure to transfer technology through joint venture requirements, unfair business licensing and product approval practices, or other forms of coercion, The Trump administration also accuses China of conducting and supporting hacking and cyber theft of trade secrets from U.S, companies, It wants China to step up policing and prosecution of hackers, The United States says Chinese licensing practices prevent American firms from keeping control of their yankees pinstripe cufflink and tie bar gift set technology when they license it for use in China..
The United States wants China to strengthen licensing laws and their enforcement to ensure that licensed IP is not stolen. Washington also wants more criminal prosecutions of copyright and other intellectual property violations. The United States is pushing China to open its markets to U.S. poultry, beef and other farm products. It wants restrictions on grain shipments brought in line with WTO obligations. The United States also wants China to approve new genetically modified seed traits more quickly. Some U.S. seed companies have waited years for approval, without which U.S. farmers will not plant crops using those seeds given that China is their biggest export market. Washington is also pushing for China to remove tariffs on ethanol and distiller dried grains, a by-product of ethanol production.
U.S, Treasury Secretary Steven Mnuchin has pushed for China to open its financial services markets to more foreign firms, including credit card giants Visa and MasterCard, yankees pinstripe cufflink and tie bar gift set which have waited years for China to make good on promises to allow them to operate in China, where China UnionPay Ltd enjoys a virtual monopoly, China has taken steps towards allowing foreign insurance firms to take control of local joint ventures and was expected to publish guidelines early this year, But companies have expressed concern that opaque regulations and arbitrary applications of them could continue to stall their entry into one of the world’s largest markets..