The White House backed legislation introduced on Tuesday by a dozen senators to give the administration new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats. The endorsement boosts efforts by a number of lawmakers to ban the popular app, which is owned by Chinese company ByteDance […]
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The White House said Tuesday it backs a bill in Congress to give the Biden administration new powers to ban Chinese-owned video app TikTok and other foreign technologies that could pose security threats. White House National Security Advisor Jake Sullivan said the bipartisan bill sponsored by a dozen senators “would strengthen our ability to address […]
A bipartisan group of 12 U.S. senators will introduce legislation Tuesday that would give Commerce Secretary Gina Raimondo new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats, Senator Mark Warner said. “I think it is a national security threat,” Warner said on CNBC, adding the bill […]
Germany plans to ban telecoms operators from using certain components made by Chinese companies Huawei and ZTE in 5G networks, a government source said, in a potentially significant move to address security concerns. The German ban could include components already built into the networks, requiring operators to remove and replace them, Zeit Online had reported […]
Australia’s sovereign wealth fund, the Future Fund, is screening its portfolio for Chinese companies at risk of U.S. investment restrictions, its chairman said on Tuesday. The Biden administration plans to ban investments in some Chinese technology firms and increase scrutiny of others, sources have said, as part of its plan to crack down on the […]
Two U.S. senators plan to introduce legislation this week aimed at letting the government “ban or prohibit” foreign technology products such as Chinese-owned TikTok, Senator Mark Warner said on Sunday. Warner, the chairman of the Senate Intelligence Committee, said TikTok would be “one of the potentials” for review under the bill. The Democratic senator made […]
Arm, the chip designer owned by Japan’s SoftBank, said on Friday it would pursue a U.S.-only listing this year, dashing the British government’s hopes that the tech giant would return to the London stock market. The company did not completely rule out an eventual London listing, saying it intended to consider a subsequent IPO there […]
The fallout from Canada’s ban on Chinese-owned TikTok on government-issued devices looks set to hurt the leaders of the country’s two main opposition parties, who have used the app more actively than the ruling Liberals to win over supporters. The leaders of the two biggest opposition parties – Conservative party leader Pierre Poilievre and New […]
The Biden Administration will not overrule a U.S. International Trade Commission decision that could block imports of Apple Inc’s Apple Watches for infringing AliveCor Inc patents related to heart monitoring, the office of the U.S. Trade Representative said Tuesday. An AliveCor spokesperson also said it had been informed there would be no veto of the […]
Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to participate in the market. Demand for carbon offsets, generated through projects such as tree planting or using cleaner cooking fuel, is expected to soar […]