President Donald Trump on Wednesday denied caving to China over US sanctions on the telecoms equipment maker ZTE.

The comments followed Trump's surprise announcement on Sunday that the administration was exploring ways to soften the blow from a ban on exporting crucial US technology to the company, which Washington says violated sanctions and misled US officials.

"Nothing has happened with ZTE except as it pertains to the larger trade deal," Trump said on Twitter.

"China has seen our demands. There has been no folding as the media would love people to believe. The meetings haven't even started yet!"

Trump's remarks followed an AFP report last week that a Chinese state enterprise was pumping hundreds of millions of dollars into an Indonesian real estate development linked to the American president's business empire, prompting questions of possible quid-pro-quo for ZTE.

Trump's latest Twitter salvo comes at a delicate moment for US trade policy, as the United States works on several fronts to resolve disputes with major trading partners.

ZTE was fined $1.2 billion in March 2017 but last month it was hit with a steeper sanction, prohibiting US firms from supplying it with needed parts after the Commerce Department found the company had lied multiple times and failed to take actions against employees responsible for sanctions violations on Iran and North Korea.

The company faced collapse as a result and Trump said Sunday he and Chinese President Xi Jinping were exploring ways to get the company "back into business fast."

Commerce Secretary Wilbur Ross also said Monday the US was looking at "alternative remedies" for the April sanctions.

A Chinese delegation was due to hold talks in Washington this week, with both sides threatening to impose massive tariffs on each other's exports.

Washington accuses Beijing of massive state intervention in key sectors, theft of US know-how, among other alleged unfair trade practices.

NATO 'condemns' Russia bridge to Moscow-annexed Crimea
Brussels (AFP) May 16, 2018 - NATO on Wednesday denounced a new bridge linking mainland Russia to Moscow-annexed Crimea as "another violation" of Ukraine's sovereignty and territorial integrity.

The Atlantic alliance echoed the European Union's earlier condemnation of the bridge, which Russian President Vladimir Putin drove a truck over on Tuesday.

"NATO condemns Russia's construction and partial opening of the Kerch Strait bridge between Russia and Crimea," NATO deputy spokesman Piers Cazalet said.

"Crimea is part of Ukraine and this bridge represents another violation of Ukraine's sovereignty and territorial integrity," Cazalet said in a statement.

The bridge, which limits sea traffic to Ukrainian ports on the Azov Sea, amounts to "the infringement of its navigational rights in its territorial waters," he added.

"Russia continues to demonstrate a clear disregard for international law," Cazalet said, adding that NATO will not recognise Russia's 2014 annexation of Crimea.

Russian state television showed Putin dressed in jeans and a casual jacket sitting behind the wheel of a construction truck to drive across the bridge and officially open it.

The 29-member NATO is pursuing a dual-track policy towards the Kremlin of defence and deterrence coupled with an offer of dialogue.

Tensions between NATO and Russia are at levels not seen since the Cold War, including over Moscow's support for pro-Russian separatists in the conflict in eastern Ukraine.

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Xerox ends merger with Fujifilm in victory for shareholders
San Francisco (AFP) May 14, 2018
US photocopier and printer maker Xerox on Sunday announced it was terminating a merger with Fujifilm and appointing a new chief executive after entering into a settlement with activist shareholders who had contested the takeover. In a statement on its website, Xerox cited "material deviations" in the audited financials of an existing joint venture known as Fuji Xerox that is controlled by Fujifilm. The move follows a lawsuit by powerful shareholders Carl Icahn and Darwin Deason, who together own ... read more