A new U.S. congressional select committee on competition with China held its first hearing with a focus on human rights on Tuesday, amid tense bilateral ties weeks after a suspected spy balloon flying over North America was shot down. “This is not a polite tennis match. This is an existential struggle over what life will […]
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South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea’s growing nuclear threats and other crises. Yoon spoke at an event commemorating the country’s historic March First independence movement against Japan’s 1910-1945 occupation of Korea. “Japan has transformed […]
A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. India has said it wants a collective global effort to deal with problems posed by cryptocurrencies such as […]
HP Inc on Tuesday forecast second-quarter adjusted profit above estimates and maintained its full-year earnings target, expecting to benefit from cost cuts and a recovery in demand in the China market. Lifting of lockdowns in China, a key market as well a dominant supplier of electronics components, is supporting the outlook at hardware suppliers such […]
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 head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts. Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing field” between […]
Dow Inc and private company X-energy said on Wednesday they have agreed to develop and demonstrate the first grid-scale next-generation nuclear reactor for an industrial site in North America. The X-energy Xe-100 plant featuring four high-temperature, gas-cooled reactors is set to be built at one of Dow’s sites on the U.S. Gulf Coast. The companies […]
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 […]