U.S.

U.S. Manufacturers See Big Boost from Government Subsidies and Tax Breaks

A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]

Trade Group Argues U.S. SEC Case Unfairly Labels Crypto as Securities

Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. The group said in an amicus brief filed Wednesday in a district court in Washington […]

Marketmind: Blue Chips Cheered Up

For markets increasingly wary of the inflation and interest rate implications of re-accelerating world growth, the positive of a new burst of economic confidence in the tech sector adds some cheer at least. The new year craze in artificial intelligence and chatbots seems to have electrified chip designer Nvidia, whose stock surged more than 8% […]

Exclusive - U.S. To Vet Human Rights More Closely Before Approving Arms Deals - Officials

U.S. President Joe Biden’s administration will unveil on Thursday a long-awaited overhaul of arms export policy with increased emphasis on human rights, three State Department officials familiar with the new Conventional Arms Transfer (CAT) policy told Reuters. The CAT policy covers review of security assistance, government-to-government weapons transfers and licensed commercial sales of U.S.-origin military […]

U.S. House Panel to Hold Hearing on Policy toward China

The House Foreign Affairs Committee will hold a hearing next Tuesday with top officials on China policy to identify gaps in pursuing what it called a “more holistic approach” to countering aggression by the Chinese Communist Party. The hearing, announced by the panel’s chair, Representative Michael McCaul, a Republican, is called, “Combating the Generational Challenge […]

China's Xi Calls for Tech Self-Reliance Amid U.S. Tension

President Xi Jinping said China must resolve issues in key technological fields from the bottom up, state media reported, as the country deals with a growing number of mainly U.S. export controls on advanced technology. Xi said on Tuesday during a study session of the 24-person Politburo, one of the top decision-making bodies of the […]

Biden Admin Won't Veto ITC's Apple Watch Import Ban Ruling

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 […]

U.S. Supreme Court Mulls Challenge to Internet Firms' Legal Shield

The U.S. Supreme Court on Tuesday will consider a bid to weaken a legal shield that protects internet companies from a wide array of lawsuits in a major case involving an American student fatally shot in a 2015 rampage by Islamist militants in Paris. The justices are due to hear arguments in an appeal by […]

Taiwan Is Bolstering Military Exchanges with U.S., President Tsai Says

Taiwan is bolstering its military ties with the United States and will cooperate even more closely with it and other friendly nations to deal with “authoritarian expansionism”, President Tsai Ing-wen told visiting U.S. lawmakers on Tuesday. The United States, like most countries, has no formal diplomatic ties with Chinese-claimed Taiwan but is the island’s most […]