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Cyber attack tied to China boosts development bank's chief

The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the Inter-American Development Bank. On Sept. 24, 2019, requests from more than 15,000 internet addresses throughout China flooded the bank’s website, knocking part of it intermittently offline. To unclog the network, the bank took […]

Senate confirms Katherine Tai as Biden's top trade envoy

The Senate confirmed Katherine Tai as the top U.S. trade envoy in an overwhelming bipartisan vote on Wednesday . She will be the first Asian American and first woman of color to hold the position. Tai is considered a problem-solving pragmatist, and her nomination by President Joe Biden to be U.S. trade representative drew support […]

European United Group considers dropping Huawei Kits, as India orders telcos to use “trusted products”

India’s Department of Telecommunications (DoT) ordered local telcos on Thursday to use “trusted products” and telecom kits for their networks as of June 15, 2021, subtly hinting at dropping Huawei gear. The DoT told operators in a communication that it has amended the Unified Access Services License Agreement by adding a layer of security telcos […]

Biden hopes to boost offshore wind as Mass. project advances

A huge wind farm off the Massachusetts coast is edging closer to federal approval, setting up what the Biden administration hopes will be a model for a sharp increase in offshore wind energy development along the East Coast. The Vineyard Wind project, south of Martha’s Vineyard near Cape Cod, would create 800 megawatts of electricity, […]

US-China tensions threaten global climate change efforts

The world’s hopes for curbing climate change hinge on action by two giant nations whose relations are deteriorating: China and the United States. The two countries both say they are intent on retooling their economies to burn less climate-wrecking coal, oil and gas. But tensions between them threaten their ultimate success. China and the United […]

Biden faces steep challenges to reach renewable energy goals

President Joe Biden wants to change the way the U.S. uses energy by expanding renewables, but he will need to navigate a host of challenges — including the coronavirus pandemic and restoring hundreds of thousands of lost jobs — to get it done. The wind and solar industries have managed to grow despite a less-than-supportive […]

Biden's pick for SEC flags trading app gimmicks for scrutiny

President Joe Biden’s choice to head the Securities and Exchange Commission told Congress on Tuesday that the agency should address how to protect investors who use online stock-trading platforms with flashy tech gimmicks that entice them to trade more. Gary Gensler, who was a chair of the Commodity Futures Trading Commission during the Obama administration, […]

Senate vetting Biden's choice for SEC head amid stock drama

President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing at a moment when a roiling stock-trading drama has spurred clamor for tighter regulation of Wall Street. Gary Gensler, a chairman of the Commodity Futures Trading Commission during the Obama administration, has experience as […]

Biden's trade pick vows to work more closely with allies

President Joe Biden’s pick to be the top U.S. trade envoy is promising to work with America’s allies to combat China’s aggressive trade policies, indicating a break from the Trump administration’s go-it-alone approach. In a written testimony for her confirmation hearing Thursday before the Senate Finance Committee, Katherine Tai, Biden’s choice for U.S. trade representative, […]