Hong Kong/Washington The Biden administration is piling more pressure on Chinese companies it claims could undermine US national security.
The US Commerce Department on Wednesday added a dozen Chinese companies to a trade blacklist, saying that some of the firms have supported the modernization of China's army.US officials called the move part of an effort to prevent emerging US technologies from being used for quantum computing efforts that would support China's military, such as"counter-stealth and counter-submarine applications.
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China regulator says authorities working hard to stop U.S. delistings of Chinese firmsPotential delistings of Chinese companies from U.S. stock exchanges would not be good for companies, global investors or Sino-U.S. relations, an executive at China's securities regulator said on Thursday. Why stop U.S. delistings? Wouldn’t it be great to go back to the great motherland of CCP China to make money and revitalize China’s economy.
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U.S. blacklists dozens of Chinese tech firms citing national security concernsThe Chinese Communist Party has previously said that it does not engage in industrial espionage. No. We knew that decades ago!😌 Too bad this wasn't done with TikTok a while back.
Source: CNBC - 🏆 12. / 72 Read more »
US sues to halt sugar merger, says it would harm competition | AP NewsThe Justice Department has filed a lawsuit seeking to block a major U.S. sugar manufacturer from acquiring its rival. The suit is the latest example of the Justice Department’s approach to aggressive enforcement of federal antitrust law. And yet Amazon, Google, and Disney go unchallenged.
Source: AP - 🏆 728. / 51 Read more »
Fighting gas prices, US to release 50 million barrels of oil | AP NewsWASHINGTON (AP) — President Joe Biden on Tuesday ordered a record 50 million barrels of oil released from America's strategic reserve, aiming to bring down gasoline and other costs, in coordination with other major energy consuming nations including India, the United Kingdom and China. Nooo,, not to bright.
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'They become our family:' US farming couple rescues Afghans | AP News“It was like my son came home.' A Minnesota woman who worked as an agricultural adviser in Afghanistan has been using her own time and money to bring the men who worked for her to America. So far, five of the men and their families have made it out. Wait for it when they'll kick you out from your home Have they refused to support the radical ideas of Islam? If not, then she made a big mistake and hurt America. Sad comments from pitiful people, who, based on their comments, may likely be fine with the homegrown Jan insurrection brand of domestic terrorism.
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US jobless claims plunge to 199,000, lowest in 52 years | AP NewsThe number of Americans applying for unemployment benefits dropped last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding. Jobless claims dropped by 71,000 to 199,000, lowest since mid-November 1969. RepDonaldsPress ScottforFlorida marcorubio It’s because people ran out of benefits and can’t reapply!
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