ZTE to pay another $1bn to US and replace its board in deal to end crippling sanctions

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US Secretary of State for Commerce, Wilbur Ross, appearing on CNBC this morning
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US Secretary of State for Commerce, Wilbur Ross, appearing on CNBC this morning

ZTE agrees to US-approved compliance department and big fine to avoid going down the tubes

ZTE has agreed to pay another swingeing fine, replace its entire board and senior management, and to appoint a compliance department approved by US authorities in a deal that will see the US lift its sanctions...

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