Facebook confirms data sharing with Huawei, 3 other Chinese firms
New York, June 6 : Facebook has admitted sharing users' data with Chinese company Huawei -- facing the heat in the US over data privacy concerns -- along with three other China-based smartphone makers Lenovo, OPPO and TCL.
According to a report in Financial Times on Tuesday, Francisco Varela, vice president of Mobile Partnerships at Facebook, said that many technology companies have worked with Huawei.
"Facebook's integrations with Huawei, Lenovo, OPPO and TCL were controlled from the get-go -- and we approved the Facebook experiences these companies built," Varela said in a statement.
"Given the interest from Congress, we wanted to make clear that all the information from these integrations with Huawei was stored on the device, not on Huawei's servers," the Facebook executive added.
The Facebook confirmation came a day after The New York Times reported that the social media giant provided access to users' data to at least 60 different device makers -- including Apple, Amazon, Microsoft, Samsung and BlackBerry.
There are concerns in the US among the FBI, CIA, NSA, the Federal Communications Commission and House Intelligence Committee over Huawei devices.
In February, FBI Director Chris Wray said the FBI was "deeply concerned" about the risks posed by Huawei and ZTE. The US military has banned phones made by Huawei and ZTE.
According to Senator Mark Warner, the Vice Chairman of the Senate Select Committee on Intelligence, the concerns about Huawei were not new.
"The news that Facebook provided privileged access to Facebook's API [application programming interface] to Chinese device makers like Huawei and TCL raises legitimate concerns, and I look forward to learning more about how Facebook ensured that information about their users was not sent to Chinese servers," he said in a statement late Tuesday.
"Concerns about Huawei aren't new - they were widely publicised beginning in 2012, when the House Permanent Select Committee on Intelligence released a well-read report on the close relationships between the Chinese Communist Party and equipment makers like Huawei," Warner added.
The Senate Commerce Committee has already sent a letter to Facebook over the reports that it shared data with device makers.
Earlier, the social network defended the pacts with device makers, saying that these partnerships do not raise privacy concerns.
Facebook said that the partners signed agreements that prevented people's information from being used for any other purpose than to recreate Facebook-like experiences.
"Partners could not integrate the user's Facebook features with their devices without the user's permission," Ime Archibong, Facebook's Vice President of Product Partnerships, said in a statement.
Facebook launched the device-integrated APIs about a decade ago and said that all these partnerships were built on a common interest -- the desire for people to be able to use Facebook whatever their device or operating system.
"Given that these APIs enabled other companies to recreate the Facebook experience, we controlled them tightly from the get-go," Archibong said.
Facebook said that it had already ended 22 of the device partnerships.
"Now that iOS and Android are so popular, fewer people rely on these APIs to create bespoke Facebook experiences. It's why we announced in April that we're winding down access to them. We've already ended 22 of these partnerships," Archibong noted.
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Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
Mumbai (PTI): The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee.
Rupee has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts.
Forex traders said global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Moreover, weak net FDI inflows are likely to exert pressure on the balance of payments, while rising crude oil prices stoke inflation worries.
At the interbank foreign exchange, the rupee opened at 95.86, then slumped to a record low of 96.14 in intraday trade, registering a fall of 50 paise from its previous close.
The USD/INR pair finally settled at 95.86 (provisional) against the US dollar, registering a fall of 22 paise from its previous close, helped by likely RBI intervention.
On Thursday, the rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.15, higher by 0.34 per cent.
Brent crude, the global oil benchmark, was trading up 3.14 per cent at USD 109.04 per barrel in futures trade.
On the domestic equity market front, Sensex fell 160.73 points to settle at 75,237.99, while Nifty declined 46.10 points to 23,643.50.
Foreign Institutional Investors turned net buyers, purchasing equities worth Rs 187.46 crore on Thursday, according to exchange data.
Meanwhile, the country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday.
Imports grew 10 per cent year-on-year to USD 71.94 billion in April. The trade deficit during the month stood at USD 28.38 billion.
"We expect the rupee to trade with a negative bias on elevated crude oil prices and inflation concerns. Strong dollar and FII outflows may also weigh on the rupee. However, any intervention by the RBI and hiking of import duty on gold and silver may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.60 to 96.20," said Anuj Choudhary, Research analyst at Mirae Asset ShareKhan.
Chinese President Xi Jinping and his US counterpart Donald Trump on Friday hailed their talks as "historic" and "landmark", as the American leader wrapped up his three-day visit on a high note, but no deals on any contentious issues were announced.
Both Presidents, who held several rounds of talks covering a range of global issues, including the Iran war and bilateral trade frictions, concluded their discussions with a private meeting at Zhongnanhai, the well-guarded compound in Beijing where top leaders reside.
