Search results for "trump admin"

Nine More Us States Join Federal Lawsuit Against Google Over Ad Tech

Nine states, including Michigan and Nebraska, have joined a U.S. Department of Justice lawsuit against Alphabet’s Google which alleges the search and advertising company broke antitrust law in running its digital advertising business, the department said on Monday. The states joining the lawsuit were Arizona, Illinois, Michigan, Minnesota, Nebraska, New Hampshire, North Carolina, Washington and […]

TikTok Issues: Data Privacy and Children’s Rights Violations

TikTok issues have been the talk of the world lately, especially data privacy and children’s rights violations. Lately, numerous countries are banning TikTok citing security concerns. It comes down to two main reasons: data privacy and the lack of protection for children and minors. The application has 1.534 billion users out of which 1 billion […]

TikTok Ban: A Lose-Lose Situation for US and China 

The US government’s ban on TikTok, a popular video-sharing app, has unintended consequences for both the US and China. The move was part of a larger effort to counter China’s growing influence in the global economy and technology sector.  ______________________________  Three years ago, the United States government raised national security concerns over the popular video-sharing […]

White House to Midsized Banks: Boost Liquidity, Capital, Testing

The White House on Thursday issued a plan officials say would substantially reduce the risk of another crisis in the banking industry, after U.S. banks failed and a Swiss lender needed a government rescue earlier this month. The plan, which can be accomplished by regulators with their existing powers, mostly would put stricter requirements on […]

US Trade Chief Tai Says Open to Discussions with China

U.S. Trade Representative Katherine Tai said on Thursday that she is open to trade conversations with Chinese officials, but the Biden administration would defend U.S. interests and was focused on investments to compete more effectively with China. In prepared testimony before the U.S. Senate Finance Committee, Tai said that U.S. legislation to enable investments in […]

TikTok Would Be Tough to Ban in the US Without a New Law, Experts Say

The Biden administration is under pressure to ban popular Chinese-owned social media app TikTok, but any such move likely hinges on passage of a new law that bolsters the government’s authority to regulate speech, experts said. Pressure is mounting from lawmakers and national security hawks to ban TikTok, which is owned by China’s ByteDance, over […]

Nvidia’s Plans for Sales to Huawei Imperiled if U.S. Tightens Huawei Curbs - Draft

U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company, a draft report by a government contractor shows. The Biden administration has been considering limiting the items it authorizes U.S. companies to ship to telecoms […]

US Approved 192 Licenses for Exports to Blacklisted Chinese Firms Early 2022

The Biden administration approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies on a U.S. trade blacklist in the first quarter of last year, according to a document released by a U.S. congressional committee on Friday. The 192 licenses granted were out of 242 license applications decided between […]