Washington — The Trump administration is letting ZTE resume some business activities while the US weighs an end to a seven-year ban on the Chinese telecommunications company. The easing of restrictions didn’t come soon enough for ZTE’s bid to win a contract in Italy to supply wireless equipment to Wind Tre. ZTE lost the deal because it is barred from buying US technology, and Ericsson won the €600m contract instead, people with knowledge of the matter said, asking not to be identified because it has not been announced. ZTE’s shares in Hong Kong rose about 2%. The mixture of good and bad news is just the latest chapter in the saga of ZTE, whose prospects and stock price have risen and fallen in the past few months over access to the technology it needs to sell telecoms gear across the globe. The US imposed the ban against the Chinese company earlier this year, saying it had failed to comply with punitive measures imposed after allegations of lying about equipment sold to Iran and Nor...

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