Hello I'm Helen Joyce, the finance editor of the economist. Welcome to Money Talks.

Coming up on the programme, the man causing not ripples but waves and technology investment.

A massive rock has been dropped into the Silicon Valley pond, both for the venture capital industry and for all the entrepreneurs that are eyeing this fund

hoping that they will be able to get some of its riches.

And how non-compete clauses harm the working lives of many US employees.

They basically gum up the wheels of commerce so you see less job mobility, you see a downward

effect on wages, you see less company formation.

So all of those things are associated with non-compete clauses in the States.

First, President Trump has unexpectedly pledged to save the Chinese Telecoms Company ZTE from what it claims to be crippling US sanctions.

The president tweeted that too many jobs in China would be lost.

This U-turn comes ahead of a second round of trade talks between America and China this week.

Henry Tricks, the Economist Energy and Commodities Editor, joins me.

Henry, it's a very fast-moving story, but where are we at right now with ZTE? It seems to have been a

remarkable U-turn over the weekend because a year ago ZTE was sanctioned and

fined more than a billion dollars for violating sanctions with

North Korea and Iran and very recently those sanctions were strengthened by the Commerce Department.

It accused ZTE of not firing the executives responsible,

and it banned American companies from providing any kind of services or products to ZTE.

Now ZTE is the Chinese handset maker.

It makes telephones, cellphones that are sold all over the world.

They're very cheap, but they absolutely rely on American

technology.

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