Trump administration
Biden administration looks for ways to keep TikTok available in the U.S.
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | Reuters President Joe Biden’s administration […]
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BOJ deputy governor flags chance of rate hike next week
Shoppers in Tokyo, Japan, on Saturday, Sept. 16, 2022. James Whitlow Delano | Bloomberg | Getty Images The Bank of Japan will debate whether to raise interest rates next week, as prospects of sustained wage gains heighten and the U.S. policy outlook becomes clearer in President-elect Donald Trump’s inaugural address, Deputy Governor Ryozo Himino said. […]
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Singapore economy grew 4.0% in 2024, advance estimate shows
Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024. Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed. Nicky Loh | Bloomberg | Getty Images Singapore’s economy grew 4.0% in 2024, accelerating from 1.1% growth in 2023, preliminary government data showed on […]
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China plans $411 billion special treasury bond issuance next year, Reuters reports
Chinese national flags flutter in front of the Great Hall during the fifth plenary meeting of the first session of the 14th National People’s Congress (NPC) on March 12, 2023 in Beijing, Vcg | Visual China Group | Getty Images Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury […]
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Latest US strike on China’s chips hits semiconductor toolmakers
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including […]
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President Biden pardons his son Hunter Biden
US President Joe Biden, left, and Hunter Biden, son of US President Joe Biden, right, during the Easter Egg Roll on the South Lawn of the White House in Washington, DC, US, on Monday, April 1, 2024. The First Lady, a teacher for more than 30 years, created this year’s theme of “EGGucation.” Michael Reynolds […]
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How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, […]
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Trump taps Brendan Carr to chair Federal Communications Commission
Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. The Washington Post | The Washington Post | Getty Images President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said […]
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Biden revoked 8 licenses for China’s Huawei in 2024, document displays
The Biden administration has revoked 8 licenses this 12 months that had allowed some firms to ship merchandise to Chinese telecoms gear big Huawei, in accordance to a document first described by Reuters, as it seeks to stress the resurgent firm. Marko Djurica | Reuters The Biden administration has revoked eight licenses this year that had permitted some corporations to ship […]
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Trump booed and heckled by raucous crowd at Libertarian convention
Presidential candidate Donald Trump was booed and heckled by many in a raucous audience at the Libertarian National Convention on Saturday night, a marked change from the adulation he receives at rallies from his fervently loyal supporters. Brendan McDermid | Reuters Presidential candidate Donald Trump was booed and heckled by many in a raucous audience at the Libertarian National Convention […]
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