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 […]
Biden Administration
U.S. President Joe Biden and German Chancellor Olaf Scholz vowed on Friday to keep imposing costs on Russia for its war in Ukraine, now in its second year, as an EU official said any arms provided by China to Russia would trigger sanctions. Biden and Scholz met in private in the Oval Office for over […]
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 […]
There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary fillip. Many central bank officials certainly seemed less quick to judgment. U.S. Federal Reserve […]
German Chancellor Olaf Scholz will hold confidential talks on Friday in Washington with U.S. President Joe Biden about the war in Ukraine amid growing concerns that China may provide weapons to Russia as its invasion of Ukraine grinds into a second year. Scholz set off on the one-day trip, which unusually will not include a […]
The Biden administration’s Inflation Reduction Act to promote climate-friendly technologies is attracting German companies to the United States, a survey of the German Chamber of Commerce and Industry DIHK released on Wednesday showed. According to the DIHK survey among 2,400 companies from all sectors, one in 10 German companies is already planning to relocate production […]
The Biden administration, which is making a $52 billion push to build more chips in the United States, said on Tuesday that it would require companies winning taxpayer funds for the initiative to give back excess profits and provide affordable childcare. As of 2020, the U.S. share of modern global chip manufacturing capacity had fallen […]
China’s annual parliament opens on Sunday and will implement the biggest government reshuffle in a decade as Xi Jinping tightens control while contending with a host of challenges, from an uneven post-COVID economic recovery to cratering U.S. relations. Nearly 3,000 delegates will gather in the Great Hall of the People west of Tiananmen Square for […]
The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said on Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe Biden to further expand a broad crackdown […]
The Biden administration on Tuesday said it will require companies winning funds from its $52 billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday is releasing its plans to begin accepting applications in late June for a $39 billion […]