US Lifts Ban on ZTE Over Alleged Iran Sanctions Violations

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business.

The Commerce Department removed the ban shortly after ZTE deposit…

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited $400 million in a US bank escrow account as...