New York-based Aventura Technologies sold Chinese-made surveillance equipment to the U.S. military for over a decade, the New York Times reports, and federal prosecutors say the company lied about the origin of its products.
The big picture: Aventura Technologies sold surveillance, night-vision and body cameras, automated turnstiles and other security equipment to various government agencies, including the Department of Energy, prosecutors said. The equipment "was vulnerable to hacking ... raising the possibility that American government agencies had installed software in their security networks that could be used for spying by China."
In a surprising move, Israeli Prime Minister Benjamin Netanyahu has appointed Naftali Bennett, leader of a small conservative party, as defense minister.
Why it matters: This move is purely political. Netanyahu was worried Bennett would agree to join a coalition led by Benny Gantz, giving Gantz the majority he'd need to displace Netanyahu and form a government. Gantz has another 10 days to form a government before he loses his mandate.
Cue & Co., a Chinese digital marketing agency, reportedly hired bankers for a U.S. IPO that could seek to raise upwards of $400 million at a $2 billion valuation.
Why it matters: This is the latest in a flurry of U.S. IPO activity by Chinese companies, reflecting how no one in either country is taking Washington's de-listings threat seriously.
The death of a 22-year-old college student has stoked tensions in Hong Kong as protests continue to call for democracy, reports the Washington Post.
Why it matters: Chow Tsz-lok's death may be the first directly tied to police confrontations with Hong Kong's protesters, sparking a new phase in the conflict as some marchers brandished signs calling for revenge.
