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☆ Entity list: 37 Chinese companies hit with US trade restrictions over suspected spy balloon incident
▼ + stars: | 2024-05-10 | by ( ) edition.cnn.com time to read: +2 min

Washington — The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the suspected spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington. Media have said state-owned China Electronics Technology Group is a top military equipment supplier. China Electronics Technology Group could not immediately be reached for comment. The trade restriction list, known as the entity list, has been used aggressively by the United States to stem the flow of technology to China amid concerns Beijing could use it to bolster its military capabilities. Being added to the list makes it harder for US suppliers to ship to the targeted entities.

Persons: Washington —, Biden, Antony Blinken, “, Army’s Organizations: The Commerce Department, China Electronics Technology Group, Media, China Electronics Technology, State, Commerce Department, PLA Locations: United States, Beijing, Washington, China, overreacting, Russia

☆ In Ukraine, New American Technology Won the Day. Until It Got Overwhelmed.
▼ + stars: | 2024-04-23 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

The idea triggered a full-scale revolt on the Google campus. Engineers and other Google employees argued that the company should have nothing to do with Project Maven, even if it was designed to help the military discern between civilians and militants. The uproar forced the company to back out, but Project Maven didn’t die — it just moved to other contractors. Now, it has grown into an ambitious experiment being tested on the front lines in Ukraine, forming a key component of the U.S. military’s effort to funnel timely information to the soldiers fighting Russian invaders. So far the results are mixed: Generals and commanders have a new way to put a full picture of Russia’s movements and communications into one big, user-friendly picture, employing algorithms to predict where troops are moving and where attacks might happen.

Persons: Maven Organizations: Google, Engineers Locations: Ukraine

☆ Microsoft turns to the Middle East for its latest bet on AI
▼ + stars: | 2024-04-16 | by ( Mark Thompson | Tom Foster | ) edition.cnn.com time to read: +2 min

London CNN —Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has faced questions over its ties to China. The companies will collaborate on AI and digital infrastructure, in a move that sees Microsoft’s AI empire expand into the Middle East for the first time. G42 and Microsoft say they have committed to comply with US and international trade rules as part of their partnership. Microsoft has forged high-profile partnerships with several AI companies, in an attempt to position itself as a leader in the technology. “It’s all about this new AI era,” Smith told CNN in February.

Persons: Peng Xiao, —, Xiao, Brad Smith, ”, OpenAI, “, ” Smith Organizations: London CNN, Microsoft, Abu, Pegasus, New York Times, CNN, Mistral Locations: Abu Dhabi’s, China, Chinese, Beijing, UAE, United States, Europe, Spain, Germany

☆ Yellen to Visit China for Top-Level Economic Talks
▼ + stars: | 2024-04-02 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Treasury Secretary Janet L. Yellen will make her second trip to China this week for high-level talks aimed at further stabilizing the relationship between the world’s largest economies as political rancor in the United States intensifies ahead of the presidential election. During four days of meetings in Guangzhou and Beijing, Ms. Yellen plans to meet with representatives from American companies, Chinese students and professors and China’s top economic officials. The trip comes as the Biden administration tries to balance a tougher stance toward China, including restricting access to American technology and retaining tariffs on billions of Chinese exports, while keeping regular lines of communication open and avoiding an economic war. The Treasury Department announced the trip as President Biden and Xi Jinping, China’s leader, held a call on Tuesday on a variety of issues. A senior Treasury Department official who previewed Ms. Yellen’s trip said that it was taking place in the spirit of responsibly managing the economic relationship between the countries.

Persons: Janet L, Yellen, Biden, Xi, Mr, Yellen’s Organizations: Biden, Treasury Department Locations: China, United, Guangzhou, Beijing, United States

☆ Intel survived bid to halt millions in sales to China's Huawei, sources say
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +5 min

"No American company, especially those receiving taxpayer funding, should be fueling its innovation," he said, referencing Intel's expected grant from the Commerce Department to expand its U.S. chip production. Republican Senator Marco Rubio called on the Biden administration to revoke Intel's license to sell to Huawei "immediately" following the Reuters report. Intel, Huawei, the Commerce Department and the White House declined to comment. Intel's share of sales of Huawei laptops containing its chips soared during the period from 52.9% to 90.7%, according to the presentation. Meanwhile, Huawei continues to rely heavily on Intel chips for its laptops, its website shows.

Persons: Patrick Gelsinger, Marco Rubio, Biden, Joe Biden, Trump, Donald Trump Organizations: Intel Corp, Intel Innovation, Intel, Huawei, Commerce Department, Republican, Reuters, AMD, Devices, White, Embassy, NPD, GfK, IRI, NIQ, U.S Locations: Intel Innovation Taipei, Taipei, Taiwan, U.S, China, Washington, United States, Beijing

☆ Nvidia's sales fell 'significantly' in China — but it's still shipping chips to the country
▼ + stars: | 2024-02-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

Nvidia's data center revenue boomed across all regions but China due to trade restrictions. The chip giant is now shipping alternatives to the country that don't require a license. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One place Nvidia didn't grow: China, where revenue declined "significantly following the US government export control regulations imposed in October," Nvidia's CFO Colette Kress said on the company's Q4 earnings call. That's heightened shareholder worries about Nvidia's ability to keep up sales in China's massive AI chip market.

Persons: —, Colette Kress, execs, Jensen Huang, Huang Organizations: Nvidia, Service, Business Locations: China

☆ There's one big unexpected culture shock Americans can't stop talking about when they move to Europe
▼ + stars: | 2024-01-15 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +5 min

Americans who've moved to Europe often share the most shocking things about their new environments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Americans living in Europe sometimes report relatively well-known differences as culture shocks, including siesta culture in Spain, where an afternoon nap is customary, and differences in tipping expectations . But there's at least one slightly more unexpected culture shock that many American expats can't stop talking about — hang drying clothes instead of using electric dryers. Some Americans have also filmed themselves navigating a drying rack, which they said they weren't used to using in the US.

Persons: who've, —, Ruth Schwartz Cowan, Kirstin Munro, Munro Organizations: Service, Housing Survey, Engineering, European Commission, European, University of Pennsylvania, Household Technology, American Technology, BI, New School for Social Research Locations: Europe, Spain, Italy, American, Germany, Latvian, New York

In public, the company has announced its staggering growth with a steady cadence of news releases. But in classified American intelligence channels, there have been more concerning reports about the company. and other American spy agencies have issued warnings about G42’s work with large Chinese companies that U.S. officials consider security threats, including Huawei, the telecommunications giant that is under U.S. sanctions. U.S. officials fear G42 could be a conduit by which advanced American technology is siphoned to Chinese companies or the government. The intelligence reports have also warned that G42’s dealings with Chinese firms could be a pipeline to get the genetic data of millions of Americans and others into the hands of the Chinese government, according to two officials familiar with the reports.

Persons: Sheikh Tahnoon bin Zayed, Jake Sullivan Organizations: United Arab, White House, AstraZeneca, OpenAI, Huawei Locations: United Arab Emirates, China, Silicon, U.S

Taiwan's APEC envoy Morris Chang attends a press conference during the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S. November 17, 2023. REUTERS/Carlos Barria Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - Taiwan's APEC envoy Morris Chang said on Friday that he had informal interactions with U.S. President Joe Biden and discussions with Secretary of State Antony Blinken at a summit in San Francisco, but none with Chinese President Xi Jinping. The White House has not elaborated on those conditions, but Biden asked Xi to respect Taiwan's presidential election process next year, according to a U.S. official. Taiwan's envoy Chang said he supported those U.S. export controls on China. Reporting by Michael Martina in San Francisco and Ben Blanchard in Taipei; Editing by Chris Reese, Kim Coghill and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Morris Chang, Carlos Barria, Joe Biden, Antony Blinken, Xi Jinping, Chang, Kamala Harris, Xi, Biden, Blinken, Fumio Kishida, Wang Wentao, Michael Martina, Ben Blanchard, Chris Reese, Kim Coghill, Tom Hogue Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, U.S, Japanese, Biden, China's, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Taiwan, Taipei, Beijing, Thailand, China, United States, Washington

☆ Xi-Biden summit: What’s on the agenda for China’s leader as he heads to California?
▼ + stars: | 2023-11-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Biden, meanwhile, finds himself strapped with international challenges from the war in Ukraine to the latest conflict in Gaza. Chinese leader Xi Jinping, left, and US President Joe Biden. Getty ImagesXi’s agendaDespite the challenges he faces at home, the insulated Chinese leader may see himself in a stronger position relative to Biden. Xi will ask Biden to clarify and define the scope of the US approach on tech restrictions, analysts say. Liu Ranyang/China News Service/VCG/Getty Images‘Positive signals’The lead-up to Xi’s American visit has been marked with signals that China is hoping to smooth prickly relations.

Persons: — Xi Jinping, Joe Biden —, Xi, Biden, he’d, ”, Yun Sun, Xi Jinping, Joe Biden, …, Suisheng Zhao, Stimson, Sun, Harry Moyer, Liu Ranyang, Zhong Sheng, wisecracks, Nancy Pelosi’s, Beijing’s, Shi Yinhong, Shi Organizations: CNN, Asia Pacific Economic Cooperation, “, China Program, Stimson, Getty, Biden, Center for, Cooperation, University of Denver, Communist Party, US, Taiwan’s Democracy Progressive Party, US Flying Tigers, Kunming Foreign Language School, China News Service, “ Flying Tigers, China’s Renmin University, Republicans Locations: China, Hong Kong, San Fransisco, Bali , Indonesia, Ukraine, Gaza, Washington, Beijing, Center for China, Taiwan, California, Kunming, China's Yunnan, United States, Russia, Iran

SAN FRANCISCO (AP) — European officials widened a ban on Meta’s “behavioral advertising” practices to most of Europe on Wednesday, setting up a broader conflict between the continent’s privacy-conscious institutions and an American technology giant. The decision by the European Data Protection Board represents a sharp escalation of a tussle that began in Norway, where privacy officials imposed a daily fine of 1 million kroner — roughly $90,000 — on Meta for obtaining that data without adequate consent. The latest decision “unjustifiably ignores that careful and robust regulatory process,” the company said in a statement following the European board's action. Tobias Judin, head of the international section at the Norwegian Data Protection Authority, said Meta's proposed steps likely won't meet European legal standards. “They continue with their unlawful activities to this very day, simply because breaking the law is so profitable.”

Persons: Meta, “, Tobias Judin, Meta's, wouldn't, ” Judin Organizations: FRANCISCO, —, Facebook, European Data Protection, Meta, Norwegian Data Protection Authority Locations: Europe, American, Norway

President Joe Biden unveiled a new executive order on artificial intelligence — the U.S. government's first action of its kind — requiring new safety assessments, equity and civil rights guidance and research on AI's impact on the labor market. Working with international partners to implement AI standards around the world. to implement AI standards around the world. It also comes ahead of the an AI safety summit hosted by the U.K.. President Biden's executive order requires that large companies share safety test results with the U.S. government before the official release of AI systems.

Persons: Joe Biden, government's, it's, Staff Bruce Reed, Biden's, Biden Organizations: Calif, White House, Commerce Department, Department of Health, Human Services, House, Staff, U.K, U.S, National Institute of Standards, Commerce, Sunday Locations: San Francisco, U.S, AI.gov

☆ Be more energetic at work! Why it seems like your boss is suddenly prioritizing soft skills.
▼ + stars: | 2023-10-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementJames Neave, head of data science at Adzuna, compares soft skills to people skills. Selker said that because soft skills can be observed, they can be measured, even if somewhat subjectively. Measuring soft skills can then become more like evaluating hard skills. AdvertisementAdvertisement"It really is a shift in thinking then to say, 'Can we observe these soft skills?" The pandemic meant that many Gen Zers, as they started their careers, didn't get the face-to-face interactions at work that might have allowed them to further develop their soft skills.

Persons: —, we've, Carrie Fisher, Harry Met Sally, Norman Bacal, Bacal, James Neave, Neave, Greg Selker, Stanton Chase, Selker, Zers, didn't Organizations: Service, Management, LinkedIn, KPMG Locations: American, Adzuna

☆ U.S. Tightens China’s Access to Advanced Chips for Artificial Intelligence
▼ + stars: | 2023-10-17 | by ( Ana Swanson | More About Ana Swanson | ) www.nytimes.com time to read: +1 min

In a call with reporters on Monday, a senior administration official said that the United States had seen people try to work around the earlier rules, and that recent breakthroughs in generative A.I. had given regulators more insight into how the so-called large language models behind it were being developed and used. access to advanced semiconductors that could fuel breakthroughs in artificial intelligence and sophisticated computers that are critical to P.R.C. The Biden administration has been trying to counter China’s growing mastery of many cutting-edge technologies by pumping money into new chip factories in the United States. U.S. officials describe the strategy as protecting American technology with “a small yard and high fence.”

Persons: Gina M, Raimondo, “, it’s, Biden, China’s, Xi Jinping Locations: United States, People’s Republic of China, California, China, U.S

☆ CNBC Daily Open: High rates are still haunting IPOs
▼ + stars: | 2023-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Downbeat marketsU.S. markets dipped and U.S. Treasury yields rose as investors braced themselves for the outcome of the Federal Reserve's meeting. [PRO] A revival in IPO markets? But many companies are still holding off going public because of lower valuations — which is precisely what investors are looking for in today's market, CNBC Pro's Bob Pisani writes.

Persons: Europe's, Instacart, Huawei's, Justin Trudeau, Hardeep Singh Nijjar, Bob Pisani Organizations: CNBC, Treasury, Huawei, Huawei —, Canadian Locations: U.S, China, British Columbia, Ottawa, Indian, India, Canadian, today's

☆ Huawei's chip breakthrough poses new threat to Apple in China — and questions for Washington
▼ + stars: | 2023-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +7 min

There is no Chinese company that can do what TSMC does. Along with Huawei, SMIC is on a U.S. trade blacklist called the Entity List. The 7nm process is seen as highly-advanced in the world of semiconductors, even though it is not the latest technology. While SMIC is able to create 7nm chips, it's unclear how efficient, profitable and sustainable that is on a bigger scale. While the yield of SMIC's 7nm process for Huawei chips is not known, it is "probably low," Kotasthane said.

Persons: Aly Song, Donald Trump, shockwaves, SMIC, Dan Hutcheson, Kotasthane Organizations: Apple, Reuters Apple, Huawei, China's, Chinese Communist Party, U.S ., Samsung, Taiwan Semiconductor Manufacturing Co, SMIC, 5G, CNBC, Takshashila, The U.S . Department of Commerce, Street, China's Ministry of Foreign Affairs, U.S Locations: Shanghai, China, U.S, Washington, . U.S, The

REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Wednesday said that while regulations on artificial intelligence were certainly needed, they should not be made "too fast." U.S. lawmakers want safeguards against potentially dangerous deepfakes such as bogus videos, election interference and attacks on critical infrastructure. KEY QUOTE"If you go too fast, you can ruin things," Schumer told reporters after organizing a closed-door AI forum bringing together U.S. lawmakers and tech CEOs. * Schumer told reporters there was consensus in the Wednesday meeting on the need for AI regulation. Reporting by Kanishka Singh in Washington; editing by Jonathan Oatis and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Chuck Schumer, Julia Nikhinson, Schumer, Elon Musk, Mark Zuckerberg, Sundar Pichai, Kanishka Singh, Jonathan Oatis, Josie Kao Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, European Union, Renault, Thomson Locations: Washington , U.S, ChatGPT ., Meta, Washington

U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - U.S. Senate Majority Leader Chuck Schumer said on Wednesday that an artificial intelligence forum he organized with U.S. lawmakers and tech CEOs focused on urgent actions that are needed before the 2024 elections. U.S. lawmakers want safeguards against potentially dangerous deep fakes such as bogus videos, election interference and attacks on critical infrastructure. KEY QUOTESchumer said there were discussions on some immediate actions needed before the next U.S. elections in 2024. Reporting by Moira Warburton; writing by Kanishka Singh; Editing by Leslie Adler and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Chuck Schumer, Julia Nikhinson, Schumer, Elon Musk, Mark Zuckerberg, Sundar Pichai, Moira Warburton, Kanishka Singh, Leslie Adler, David Gregorio Our Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, Thomson Locations: Washington , U.S

☆ Biden says China is unlikely to invade Taiwan now because Beijing just too busy with its own economic crisis
▼ + stars: | 2023-09-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

US President Joe Biden said China's economic problems could keep Beijing from invading Taiwan. Biden said Chinese President Xi Jinping has his "hands full" with China's economic issues. Beijing claims self-ruled Taiwan as its territory and has been stepping up military drills around the island. China's "difficult economic problem" currently is unlikely to cause the country to invade Taiwan, Biden said at a press conference during his state visit to Hanoi in Vietnam, according to a recording on the White House's YouTube channel. "One of the major economic tenets of his plan isn't working at all right now," Biden added, without specifying what he was referring to.

Persons: Joe Biden, Biden, Xi Jinping, Xi, I'm, it's, Li Qiang Organizations: Service, YouTube, Huawei, Washington DC, Cultural Locations: Beijing, Taiwan, Wall, Silicon, Hanoi, Vietnam, China, New Delhi, New York City, Washington, Taipei

☆ SMIC stock plunges as US calls for further sanctions of China's top chipmaker over Huawei smartphone
▼ + stars: | 2023-09-07 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company. The comments came after Huawei Technologies introduced the Mate 60 Pro, a Chinese smartphone powered by an advanced chip that is believed to have been made by SMIC. TechInsights, a research organization based in Canada specializing in semiconductors, revealed shortly after the launch that the smartphone contained a new 5G Kirin 9000s processor developed specifically for Huawei by SMIC. Gallagher was quoted as saying SMIC may have violated US sanctions, as this chip likely could not be produced without US technology. Hua Hong Semiconductor, China’s second largest chip foundry, tumbled 4.8%.

Persons: SMIC, ” Jefferies, Qilai Shen, Mike Gallagher, Gallagher, ”, Texas Republican Michael McCaul, “, Gina Raimondo, Raimondo, SMIC’s, Biden Organizations: Hong Kong CNN —, House, Huawei Technologies, Kirin, Huawei, SMIC, Semiconductor Manufacturing International Corp, Bloomberg, Getty, US Commerce Department, Reuters, Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor, Texas Republican, Foreign Affairs Committee, US, US Commerce, Huahong Semiconductor, CNN, Jefferies Locations: China, Hong Kong, SMIC, China’s, Chinese, Shanghai, United States, Canada

☆ Huawei Phone Is Latest Shot Fired in the U.S.-China Tech War
▼ + stars: | 2023-09-06 | by ( Ana Swanson | More About Ana Swanson | ) www.nytimes.com time to read: +1 min

Chinese media have referred to the phone as a sign of the country’s technological independence, but U.S. analysts said the achievement still most likely hinged on the use of American technology and machinery, which would have been in violation of U.S. trade restrictions. For the past several years, those restrictions have curtailed Huawei’s ability to produce 5G phones. But Huawei appears to have found a way around those restrictions to make an advanced phone, at least in limited quantities. Though detailed information about the phone is limited, Huawei’s jade-green Mate 60 Pro appears to have many of the same basic capabilities as other smartphones on the market. An examination of the phone by TechInsights, a Canadian firm that analyzes the semiconductor industry, concluded that the advanced chip inside was manufactured by Semiconductor Manufacturing International Corporation of China and was operating beyond the technology limits that the United States has been trying to enforce.

Persons: Trump, Biden, Douglas Fuller, SMIC Organizations: Huawei, Semiconductor Manufacturing International Corporation of China, Copenhagen Business School Locations: United States, China

☆ How Russia is using US tech to build cruise missiles to devastate Ukraine, despite sanctions meant to stop it
▼ + stars: | 2023-08-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russia has found new ways of obtaining US tech for its cruise missiles. Officials, experts, and media reports have laid out the routes Russia is using to import the banned or restricted technology. Ukrainian officials last Tuesday said that Russian K-100 cruise missiles used in recent attacks were built in 2023, using more than 30 foreign components, meaning that Western sanctions weren't working. The Kazakhstan back door for tech suppliesThe US sanctions include a ban on the sale of technology that could be used by Russia to build weapons. According to the Economist report, logic boards from California-made Altera Flex have been used in building the KH-100 cruise missiles Russia has used in attacks on Ukrainian cities and infrastructure.

Persons: Andriy Yermak, STRINGER, Gary Sommerville, we've, Sommerville, Mykola Danilyuk, Danilyuk Organizations: US, Service, Getty, Royal United Services Institute, Kazakhstan's, National, Russia, Kazakh, Russian, Silverado, New York Times, Free Russia Foundation, eBay, Amazon Locations: Russia, Wall, Silicon, Ukraine, Russian, Kazakhstan, Kazakh, US, Armenia, Ukrainian, California

CNN —Ukrainian pilots have started joint training on F-16 fighter jets with US instructors in Ukraine, according to Kyiv. It landed at our airfields, we conducted joint training with F-16 pilots … A day ago two of my pilots were tested by US instructors,” Ukrainian Air Force Commander Oleksandr Oleshchuk told Ukrainian state TV on Saturday. An F-16 fighter jet performs at an air show in Houston, the United States, on Oct. 10, 2020. Denmark and the Netherlands have taken the lead in preparing a program to train Ukrainian pilots on the American jet, but the US is still working with other countries to see who may provide F-16s to the Ukrainian Air Force. Denmark said Ukrainian pilots would begin training on F-16 jets later this month, part of a coalition of 11 countries that will be involved in the training program.

Persons: …, Oleksandr Oleshchuk, Oleshchuk, Oleksii Reznikov, Reznikov, ”, Lao Chengyue, Volodymyr Zelenskiy, Ulf Kristersson, Jonas Ekstromer, Reuters Archer, Volodymyr Zelensky, “ Archer, ” Zelensky, Archer, “, Zelensky Organizations: CNN, Ukrainian, Ukrainian Air Force, Ukrainian Defense, Getty, NATO, Swedish, TT, Agency, Reuters, Sweden Ukrainian, Archer, Sweden’s, Swedish Archers, Gripen Locations: Ukraine, Kyiv, Ukrainian, Houston, United States, Xinhua, Denmark, Netherlands, Harpsund, Sweden, Swedish

☆ US investors flag retaliation risks after Biden's China tech curbs
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +4 min

But several portfolio managers said the bigger worry was whether China would strike back, as it has in the past. "It is naïve to think that there won't be some type of retaliation from China," said Tom Plumb, CEO of mutual fund Plumb Funds. China could restrict exports of rare earths used in consumer electronics, electric vehicles, and other components, or target other U.S. technology companies, Plumb said. SELF-SUFFICIENCYChina hawks in Washington say American investors have transferred capital and valuable know-how to Chinese technology companies that could help advance Beijing's military capabilities. Phillip Wool, a co-portfolio manager of Rayliant Quantamental China Equity ETF, said U.S.-China tensions were causing investors to miss out on China growth.

Persons: Florence Lo, Joe Biden's, Biden, Rick Meckler, Tom Plumb, Plumb, Michael Ashley Schulman, Phillip Wool, Shashwat Chauhan, Amruta, Chibuike Oguh, Laura Matthews, Herbert Lash, Davide Barbuscia, Michelle Price, Grant McCool Organizations: REUTERS, Cherry Lane Investments, China Exchange, Wall, Micron Technology, U.S, Funds, Reuters, Running, Capital Advisors, China Equity, Thomson Locations: China, U.S, Beijing, New Jersey, Washington, Rayliant

☆ With eyes on Taiwan, new China ban shows the U.S. may be learning lessons from mistakes with Russia
▼ + stars: | 2023-08-11 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +7 min

Analysts said the U.S. was making such moves with an eye on rising tensions over Taiwan, given that the potential fallout from a conflict between China and Taiwan would be "unimaginable." Yurchenko, who spoke to CNBC ahead of the Wednesday announcement, dubbed the scale of the risks regarding Taiwan as "unimaginable." Beijing, meanwhile, has called for "reunification" with Taiwan, last year describing its status in a white paper as an "unalterable" part of China. watch nowElina Ribakova, senior fellow at the Peterson Institute for International Economics, said that China was watching the West's approach to Russia closely. Western sanctions against Moscow keep coming, almost 1½ years after Russian forces crossed Ukraine's borders.

Persons: Drew Angerer, Joe Biden, Olena, it's, Olena Yurchenko, Yurchenko, Kyle Bass, Xi Jinping, Biden, Ukraine's Yurchenko, they've, Elina Ribakova, Ribakova, Daniel Ferrie, I'm Organizations: Getty, Wednesday, Foreign Ministry, Economic Security, of, of Ukraine, CNBC, Peterson Institute for International Economics, Moscow, Ukraine, European, European Union, Hayman Capital Locations: China, disassociation, Beijing, U.S, Russia, Taiwan, United States, Washington, of Ukraine, India, Taiwan Strait, Ukraine, Ukraine's, Moscow

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