India admits 'concern' over Chinese telecom equipment

Mittal sees no major steel tie-ups, except in China
Luxembourg (AFP) May 11, 2010 - The global steel industry is unlikely to see major new tie-ups because there is already significant consolidation in the sector, apart from China, the world's top producer, the head of steel making giant ArcelorMittal said Tuesday. "I think that outside China, the steel industry is well consolidated," Lakshmi Mittal said, answering a question at a shareholders meeting at ArcelorMittal headquarters in Luxembourg. "I really don't see a major consolidation transaction in the steel industry," he said.

The Indian billionaire's company, Mittal Steel, merged with European rival Arcelor in 2006 to create the world's biggest steel group. ArcelorMittal is three times bigger than its closest rival, Japan's Nippon Steel, although half of the world's steel production takes place in China, which is home to several smaller companies. Mittal predicted that in four to five years, developing countries will control a majority of the world's steel production. "In three years time, euro-dollar economies will come back to their pre-crisis levels, but I really don't see major growth," he said, adding that developped countries would remain leaders in terms of developing new technologies and products.

by Staff Writers
New Delhi (AFP) May 11, 2010
India has concerns about Chinese telecom equipment near its sensitive border areas, which explains recent restrictions on imports, India's home secretary said in an interview broadcast Tuesday.

Asked to comment on decisions to block sales of Chinese equipment to India, Indian Home Secretary G.K Pillai said that the areas where restrictions applied were the disputed states of Jammu and Kashmir, and Arunachal Pradesh.

"All border areas are sensitive and where such equipment comes to be positioned in some of these areas, we have certain concerns," he told NDTV in an interview late on Monday.

He added, however, that the ministry's "very balanced policy" applied "equally to all countries" and was not directed against China.

During a weekend trip to China, India's Environment Minister Jairam Ramesh lambasted the home ministry for being "paranoid" and "alarmist" in its approach to Chinese investment, in comments that drew a rebuke from the prime minister.

Northwestern Jammu and Kashmir has been wracked by an anti-India insurgency since 1989 and is partly claimed by China.

Northeastern Arunachal Pradesh is also partly claimed by China and was the scene of a short war between the countries in 1962.

NDTV reported that the home secretary, the highest ranking civil servant in the home ministry, was to hold talks with Chinese equipment manufacturers on Wednesday.

India's home ministry has been blocking deals between Indian companies and Chinese vendors this year amid fears equipment could be vulnerable to hackers or be compromised by Chinese intelligence agents.

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US looks to Europe to prevent wireless 'bill shock'
Washington (AFP) May 11, 2010
US government regulators unveiled plans Tuesday to help consumers avoid "bill shock" from unexpectedly high wireless phone charges. "We are hearing from consumers about unpleasant surprises on their bills," said Joel Gurin, head of the Federal Communications Commission's Consumer and Governmental Affairs Bureau. "We've gotten hundreds of complaints about bill shock," Gurin said. "The ... read more

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