Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and Exchange Commission steps up a long-running standoff between Washington and Beijing over how much information companies […]
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The Pentagon intends to work better with private industry to develop high-tech systems and to strengthen relations with allies in the Indo-Pacific region in order to maintain a competitive edge over China, Defense Secretary Lloyd Austin said Saturday. Speaking at the Reagan National Defense Forum in California, Austin said recent military activity and aggressive moves […]
Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors. The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and […]
Greeks over 60 who refuse coronavirus vaccinations could be hit with monthly fines of more than one-quarter of their minimum pensions — a get-tough policy that the country’s politicians say will cost votes but save lives. Weekly protests in the Netherlands over the country’s 5 p.m. lockdown and other new restrictions have descended into violence, […]
China’s dominant ride-hailing service, Didi Global Inc., said Friday it will pull out of the New York Stock Exchange and shift its share trading to Hong Kong as the ruling Communist Party tightens control over tech industries. Didi gave no explanation, but China’s leaders increasingly fret about who controls information gathered about its public by […]
Citing an improved supply of automotive computer chips, General Motors raised its financial guidance on Wednesday and said it expects to return to a normal production rate by the end of next year. Chief Financial Officer Paul Jacobson told investors on a virtual chat with Credit Suisse that the company has seen improvement in the […]
Facebook whistleblower France Haugen is once again asked to testify to Congress on December 1, as a subcommittee will uphold a hearing to address future “targeted reforms” and to amend Section 230 of The Communications Decency Act. The leading directive force of the hearings will be the House Energy and Commerce subcommittee on communications and […]
Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet. Shopper traffic roared back on Black Friday, but it was still below pre-pandemic levels, in part because retailers spread out big […]
Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs. But his prior lack of name recognition coupled with a solid technical background appears to be what some big company backers were looking for to lead Twitter out of its current […]
Italian Premier Mario Draghi said that a bilateral treaty signed on Friday with French President Emmanuel Macron to strengthen bilateral cooperation would in turn strengthen the European Union, including such areas as defense, aerospace and technology. The treaty deepens cooperation “in crucial sectors, from security to justice, from research to industry,” Draghi told a press […]