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Leading House Republicans dismissed the Senate stopgap measure out of hand, saying any short-term funding measure to pass Congress with their approval must address the flow of migrants across the U.S. border with Mexico. "The Senate bill really just continues to fund Biden's open border plan. The country wants to address the open border. We need to address the open border," said House Majority Leader Steve Scalise, the chamber's No. McCarthy said House Republicans would probably bring their own stopgap measure to the floor on Friday.

Persons: Kevin McCarthy, Leah Millis, Republicans preemptively, Joe Biden, Steve Scalise, McCarthy, Washington, brinkmanship, Rosa DeLauro, Republican Mitch McConnell, Michael Bennet, Joni Ernst, Donald Trump, Moira Warburton, Richard Cowan, David Morgan, Scott Malone, Tom Hogue Organizations: Capitol, REUTERS, Rights, Republicans, Democratic, Senate, Biden, Social Security, Republican, Thomson Locations: Washington , U.S, Ukraine, U.S, Mexico

"I don't see the support in the House" for the Senate plan, McCarthy said, though the bill has the support of Senate Republicans, including Minority Leader Mitch McConnell. "Speaker McCarthy, the only way - the only way - out of a shutdown is bipartisanship," Schumer said in a speech to the Senate. McConnell added that a solution is not "more likely to happen in the shutdown than with the government open." A handful of the hardliners have also threatened to oust McCarthy from his leadership role if he passes a spending bill that requires any Democratic votes to pass. McCarthy said House Republicans would probably bring their own stopgap measure to the floor on Friday.

Persons: Kevin McCarthy, Leah Millis, Joe Biden, Chuck Schumer, McCarthy, Mitch McConnell, Biden, Moody's, Fitch, Jimmy Carter, Schumer, McConnell, Washington, Donald Trump, Andy Ogles, Moira Warburton, Richard Cowan, David Morgan, Doina Chiacu, Susan Heavey, Scott Malone, Tom Hogue, Jonathan Oatis Organizations: ., Capitol, REUTERS, Rights, Republican U.S, Democrat, Senate, Top, Senate Republicans, Russia, Republicans, Jimmy Carter Presidential Library and Museum, Patrol, ICE, Republican, . Immigration, Customs Enforcement, Biden, Thomson Locations: Washington , U.S, Washington, McCarthy's, Ukraine, U.S, Mexico, In Atlanta, Congress

☆ How Iran and the US reached the prisoner swap deal
▼ + stars: | 2023-09-18 | by ( Parisa Hafezi | ) www.reuters.com time to read: +5 min

Sept 18 (Reuters) - Iran and the U.S. were to swap five detainees each on Monday after Qatar mediated a deal between the arch foes that also unfroze $6 billion of Tehran's funds. The transfer of Iran's funds has drawn Republican criticism that President Joe Biden, a Democrat, is in effect paying ransom for U.S. citizens. WHY WERE IRAN'S FUNDS FROZEN IN SOUTH KOREA? He also reimposed harsh U.S. sanctions designed to choke off Iran's oil exports as part of a "maximum pressure" campaign on the Islamic Republic. Seoul, normally one of Iran’s largest oil customers, received a waiver in 2018 from the United States to continue purchases of Iranian oil for several months.

Persons: Joe Biden, Tehran's, Dado Ruvic, Siamak Namazi, Emad Shargi, Morad Tahbaz, Mehrdad Moin, Ansari, Kambiz Attar, Kashani, Reza Sarhangpour, Amin Hassanzadeh, Kaveh, Donald Trump, Ayatollah Ali Khamenei, Khamenei, Parisa Hafezi, William Maclean Organizations: Qatar, Reuters, Iranian Foreign, Democrat, Doha, U.S, Iranian, REUTERS, WHO, United Nations, KOREA, Washington, U.S ., Islamic, Thomson Locations: Iran, U.S, Qatar, Doha, Tehran, Qatar's, United States, Iranian, Lebanon, Israel's, Washington, Islamic Republic, Seoul, IRAN

The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. Suppliers currently expect the delay to be short-term, the sources said, declining to be named as the information is not public. Companies affected by the instruction to delay include Dutch firm ASML (ASML.AS), which makes lithography equipment essential for high-end chipmaking, one of the sources said. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 4.2% with BE Semiconductor (BESI.AS), a packaging equipment firm, down 2.4%. CHIP CYCLE WORRIESThe Taiwanese chip giant is not alone in worrying a bounce back in demand may take longer than expected.

Persons: Dado Ruvic, TSMC, chipmaker, C.C, Wei, Peter Wennink, We've, Wennink, they're, Mark Liu, Sam Nussey, Fanny Potkin, Toby Sterling, Miyoung Kim, Stephen Coates Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Suppliers, Reuters, ASM, BE Semiconductor, Apple, Media, Huawei, Analysts, chipmaker Semiconductor Manufacturing International Corp, HK, Thomson Locations: TOKYO, SINGAPORE, AMSTERDAM, Arizona, China, Taiwan, Beijing, Washington, Tokyo, Singapore, Amsterdam

☆ Pirates look make it 3 straight vs. Nationals
▼ + stars: | 2023-09-14 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

September 14 - The Pittsburgh Pirates will go for a series win while the visiting Washington Nationals look for a series split Thursday when the teams conclude a four-game set. Washington right-hander Josiah Gray (7-11, 4.13 ERA) is scheduled to start opposite Pittsburgh right-hander Mitch Keller (11-9, 4.23). Keller, who will be making his 100th big-league appearance, has had an uneven second half for the Pirates (68-78). "I'm trying to build off last year's innings," Keller said. Against the Nationals, Keller is 0-1 with a 10.57 ERA in two career starts, both last year.

Persons: Jackson Rutledge, Josiah Gray, Mitch Keller, Keller, he's, Derek Shelton, Shelton, Gray, Luis Arraez, Jacob Young, Gray fumed, Young, I've Organizations: Pittsburgh Pirates, Washington Nationals, Washington, Pittsburgh, Nationals, Pirates, Atlanta, Miami Marlins, Marlins, Thomson Locations: Washington, Pittsburgh

The Pac-12's previous high was six ranked teams, achieved multiple times including last week. After Washington State beat Wisconsin on Saturday night, Cougars coach Jake Dickert noted his school's unfortunate position. OUTFalling out along with Texas A&M were Wisconsin, which lost at Washington State, and Tulane, which lost at home to Mississippi. CONFERENCE CALLWith Tulane dropping out, there are no ranked teams from conferences outside the Power Five. RANKED vs. RANKEDNo games match ranked teams this week.

Persons: Quinn Ewers, Nick Saban, Jake Dickert, ” Dickert, —, Duke, Ralph D, Russo Organizations: Associated Press, Alabama, Georgia, Florida State, Texas, Longhorns, BCS, Crimson Tide, Power, SEC, Clemson, Atlantic Coast Conference, Penn State, USC, Southeastern Conference, Washington, Oregon State, Washington State, UCLA, Wisconsin, Cougars, ESPN, Ohio State, Notre Dame, — Clemson, Miami, Hurricanes, Aggies, Hawkeyes, Iowa State, Tulane, Tigers, Charleston Southern, ACC —, AP Locations: Michigan, Alabama, Quinn Ewers , Texas, Southern California, , Oklahoma, Utah, Oregon, Pullman, — Nebraska, — Florida, Miami, Florida, Iowa, Wisconsin, Mississippi

☆ Saudi Arabia is spending billions on sports, tech and everything in between for a post-oil world
▼ + stars: | 2023-09-10 | by ( Beatrice Nolan | Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Saudi Arabia sparked international outrage in 2018 after Washington Post columnist Jamal Khashoggi was murdered at the Saudi consulate in Istanbul, and continues to face accusations of human rights violations. Despite this, little has been able to stop Saudi Arabia from exerting more and more influence on the global stage. GettyImages/Unsplash/NeomLike many countries, Saudi Arabia's economy suffered when the pandemic struck in 2020, but the only way has been up since then. Chris Trotman/LIV Golf via Getty ImagesBoth at home and far away, Saudi Arabia hasn't shied away from investing boatloads of cash. The total hit 32.2 million in May with a median age of 29, according to Saudi Arabia's General Authority for Statistics.

Persons: Prince Mohammed Bin Salman, Jamal Khashoggi, It's, Ahmed Jadallah, Saudi Arabia's, Sergio Garcia, Chris Trotman, LIV, Saudi Arabia hasn't, Yasir Al, Jasmin Merdan, Abdullah Al, Prince Abdulaziz bin Salman al, Saud, JOE KLAMAR Organizations: Service, Washington Post, Bank, IMF, REUTERS, Saudi Aramco, King, King Abdullah Economic City, Getty, Public Investment Fund, MBS, Newcastle United, LIV, PGA, Saudi, Reuters, Saudi Arabia's, Authority, Statistics, Gulf States Energy, United Arab Emirates, Arab League Locations: Saudi Arabia, Wall, Silicon, Gulf, Saudi, Istanbul, Gulf Kingdom, Ahmed Jadallah Saudi Arabia, King Abdullah, Jasmin Merdan Saudi's, Riyadh, Arab, Vienna, AFP, Kuwait, UAE, Qatar

It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. China's finance ministry is planning to contribute 60 billion yuan, said one person. Backers of the Big Fund's previous two funds include the finance ministry and deep-pocketed state-owned entities such as China Development Bank Capital, China National Tobacco Corporation and China Telecom. INVESTMENT MANAGERSThe Big Fund is considering hiring at least two institutions to invest the new fund's capital, said the three people.

Persons: Xi Jinping, Florence Lo, China's, Julie Zhu, Kevin Huang, Yelin Mo, Roxanne Liu, Sumeet Chatterjee, Edwina Gibbs Organizations: U.S, China Integrated Circuit Industry Investment Fund, Big Fund, Washington, Information Office, Ministry of Industry, Information Technology, REUTERS, China Development Bank Capital, China National Tobacco Corporation, China Telecom, Big, Semiconductor Manufacturing International Corporation, HK, Hua Hong Semiconductor, Memory Technologies, IC, China Aerospace Investment, China Aerospace Science, Technology Corporation, Thomson Locations: HONG KONG, BEIJING, China, Beijing, U.S, Japan, Netherlands

☆ The US is making 'irreversible' progress with a former Russian partner in a tense corner of Europe, but not everyone in NATO will be happy
▼ + stars: | 2023-08-29 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

For Cyprus, it's a move away from its longtime partner in Russia, but Turkey isn't happy about it. Cyprus has made "important strides" in its military and security cooperation with the US, Michalis Giorgallas, Cyprus' minister of defense, told Insider in response to written questions. Giorgallas told Insider. "This trajectory will continue," Giorgallas told Insider, adding that after the National Guard partnership, "our defense cooperation with the US has become irreversible and we look forward to what's to come." Giorgallas told Insider that the area is historically an unstable one and that the instability has become more visible in more domains, such as at sea and in the air over the region.

Persons: it's, Michalis Giorgallas, aren't, ROY ISSA, Panteleyev, Yiannis Kourtoglou, Giorgallas, John Yountz, —, IAKOVOS HATZISTAVROU, Christopher Cavoli, BIROL BEBEK, Constantine Atlamazoglou Organizations: Service, NATO, UN, Getty, Cypriot, Russian Navy, Airbus, US Army, Staff, Military Education, Training, Cypriot National Guard, New Jersey National Guard, National Guard, US European Command, Turkish, Fletcher School of Law, LinkedIn, Twitter Locations: Republic of Cyprus, Cyprus, Russia, Turkey, Wall, Silicon, Europe, East, North Africa, Moscow, Turkish Republic of Northern Cyprus, Ankara, Washington, Crimea, Ukraine, Limassol, AFP, US, Nicosia, Larnaca, John Yountz Cypriot, Cypriot, Greece, Tartus, Northern Cyprus

☆ Iran says uranium enrichment continues based on domestic law
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

Head of Iran's Atomic Energy Organization Mohammad Eslami looks on during a news conference with International Atomic Energy Agency (IAEA) Director General Rafael Grossi as they meet in Tehran, Iran, March 4, 2023. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS Acquire Licensing RightsDUBAI, Aug 27 (Reuters) - Iran's enrichment of uranium continues based on a framework established by the country's parliament, nuclear chief Mohammad Eslami said on Sunday when asked about reports regarding Tehran slowing down its 60% enrichment. "Our nuclear enrichment continues based on the strategic framework law," Eslami said, referring to a related legislation. In 2020, Iran's hardline parliament passed a law requiring the government to take measures such as stepping up uranium enrichment beyond the limit set under Tehran’s 2015 nuclear deal if other parties did not fully comply with the deal. After Washington ditched the deal in 2018 and reimposed sanctions, Tehran began to violate the nuclear curbs set out in the pact.

Persons: Iran's Atomic Energy Organization Mohammad Eslami, Rafael Grossi, Majid Asgaripour, Mohammad Eslami, Eslami, Hugh Lawson Organizations: Iran's Atomic Energy Organization, International Atomic Energy Agency, IAEA, West Asia News Agency, REUTERS Acquire, Rights, Wall Street Journal, U.S, Washington, Dubai Newsroom, Thomson Locations: Tehran, Iran

REUTERS/Issei Kato Acquire Licensing RightsAug 23 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. After Monday's surprising resilience on Wall Street, world markets' reversion to type on Tuesday should set the tone for Asia on Wednesday - weakness in stocks, a buoyant dollar, elevated bond yields and souring investor sentiment. China's economic and financial travails remain top of mind for investors, so any sign of further incoming fiscal or monetary stimulus from Beijing will be well received. That is not something Beijing or Tokyo would do lightly, but the higher U.S. bond yields go, the more persistent the selling pressure on their respective currencies becomes. Implied yen volatility is relatively low in the yuan, and low across currency markets more broadly.

Persons: Issei Kato, Jamie McGeever, Xi Jinping, Gina Raimondo, Josie Kao Organizations: U.S ., REUTERS, Asia, Treasury, China's, Thomson, Reuters Locations: Tokyo, Japan, Singapore, Beijing, South Africa, U.S, Washington, China, Johannesburg, Australia

☆ Media and entertainment companies are finding more investment from the Middle East, but it can come with controversy. Here are 11 of the most notable deals.
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.

Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG

☆ 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

☆ America's foes are teaming up to push the US military out of the Middle East, and it's messing up plans to fight terror
▼ + stars: | 2023-08-08 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Russia and Iran are working together with Syria to ultimately push US forces out of the country. US officials and war experts say these efforts are hurting the international fight against ISIS. AP Photo/Baderkhan AhmadBoth Russia and Iran are allied with the brutal Syrian government led by President Bashar al-Assad. What are Russia, Iran, and Syria doing? In early July, a Russian fighter jet flew 18 close passes near American MQ-9 Reaper drones during a two-hour-long encounter.

Persons: Baderkhan Ahmad, Bashar al, Assad, Qassem Soleimani, Sabrina Singh, Singh Organizations: ISIS, Service, Islamic, Institute for, American Enterprise Institute, Syrian Democratic Forces, AP, Washington, Islamic Revolutionary Guard Corps, Force, Ukraine, American, Pentagon Locations: Russia, Iran, Syria, Wall, Silicon, Washington, Deir Ezzor, Moscow, Tehran, Iraq, Russian, Palmyra, Hasakah

It’s unlikely that the move — only the second downgrade in American history — will dent investor appetite for Treasury notes. But the decision is another sign that Wall Street is worried about political chaos, including brinkmanship over the debt limit that is becoming entrenched in Washington. The move came two months after Washington narrowly avoided a U.S. default, following a prolonged argument over the debt ceiling. (That said, some on Wall Street remain skeptical that the country is headed for a so-called soft landing.) Fitch’s own model shows the U.S. economy deteriorating during the Trump administration and recovering under President Biden.

Persons: Fitch, “, Trump, Biden Organizations: Fitch, United States ’ AAA, Washington, Social Security Locations: U.S, Washington

☆ Fitch downgrades U.S. long-term rating to AA+ from AAA
▼ + stars: | 2023-08-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Fitch Ratings downgraded the United States' long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to "expected fiscal deterioration over the next three years," an erosion of governance and a growing general debt burden. U.S. stock futures opened lower after the rating agency issued its downgrade, with Dow futures sliding about 100 points. In May, the agency placed the nation's AAA rating on negative watch, blaming the debt ceiling fight. President Joe Biden signed the debt ceiling bill on June 2, just days away from the "X-date" on June 5. This isn't the first time a rating agency has downgraded the U.S. Standard & Poor's cut the nation's credit rating to AA+ from AAA in 2011 after Washington managed to avoid a default.

Persons: Biden, Fitch, Washington butted, Joe Biden, Karine Jean, Pierre said, CNBC's Christina Wilkie Organizations: Service Police, Lafayette, Fitch, United, AAA, Dow, U.S . Standard, Washington Locations: Washington , DC, United States, Washington, States

☆ Venezuela's ex-spymaster pleads not guilty to US drug trafficking charges
▼ + stars: | 2023-07-20 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Hugo Carvajal, 63, arrived in the United states on Wednesday after being extradited from Spain. "General Carvajal looks forward to fighting these outrageous charges in court before an unbiased American jury," Margulis-Ohnuma told reporters after the hearing. The drugs were ultimately bound for the United States, according to prosecutors. Dozens of Venezuelan military leaders, politicians and businessmen have been charged by the United States with corruption and drug trafficking. He was arrested in Spain on the U.S. drug charges later that year, but went into hiding after a court initially approved his extradition.

Persons: Hugo Carvajal, Judge Stewart Aaron, Zachary Margulis, Ohnuma, Carvajal, General Carvajal, Hugo Chavez's, El, Chavez, Nicolas Maduro, Maduro, Luc Cohen, Daniel Wallis Organizations: YORK, Department of Justice, U.S, American, U.S . State Department, Washington, Thomson Locations: United, Spain, Manhattan, Mexico, Venezuela, United States, Washington, Caracas, Aruba, Netherlands, Maduro, New York

☆ China's Washington envoy warns of retaliation against further US tech curbs
▼ + stars: | 2023-07-19 | by ( David Brunnstrom | ) www.reuters.com time to read: +2 min

WASHINGTON, July 19 (Reuters) - China does not want a trade or tech war but will definitely respond if the United States imposes more curbs on its chip sector, China's ambassador to Washington said on Wednesday. Xie referred to reports that Washington is considering an outbound investment review mechanism, and further prohibition on the export of AI chips to China. "China, definitely ... will make our response. We don't want ... a trade war, technological war, we want to say goodbye to the Iron Curtain as well as the Silicon Curtain." She said the order would enacted in a transparent way, through a rule-making process that would allow public input.

Persons: Xie Feng, Xie, There's, Biden, Janet Yellen, David Brunnstrom, Grant McCool Organizations: Aspen Security, China, Labor Day, Micron Technology, Cybersecurity Administration, Micron, Treasury, Thomson Locations: China, United States, Washington, U.S

☆ Venezuela ex-spymaster arrives in US to face drug charges after extradition
▼ + stars: | 2023-07-19 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

MADRID/NEW YORK, July 19 (Reuters) - The former head of Venezuela's military intelligence, Hugo Carvajal, arrived in the United States on Wednesday to face drug trafficking charge after being extradited from Spain, his lawyer said. Carvajal is expected to make an initial appearance in Manhattan federal court on Thursday morning, said his lawyer, Zachary Margulis-Ohnuma. Prosecutors say Carvajal in 2006 coordinated the shipment of 5,600 kg (1,235 pounds) of U.S.-bound cocaine to Mexico from Venezuela. Carvajal is also wanted in Venezuela on charges including treason and financing terrorism. "I hope the United States ... delivers to Venezuela a criminal like Hugo Carvajal," Jorge Rodriguez, the president of Venezuela's Maduro-aligned legislature, told reporters on Wednesday.

Persons: Hugo Carvajal, Carvajal, Zachary Margulis, El, Hugo Chavez's, Nicolas Maduro, Chavez, Maduro, Jorge Rodriguez, Venezuela's, Emma Pinedo, Luc Cohen, Deisy Buitrago, William Maclean, Mike Harrison, Daniel Wallis Organizations: MADRID, of Human, U.S, Washington, Thomson Locations: United States, Spain, Manhattan, Madrid, The U.S, Mexico, Venezuela, New York, Caracas

☆ Cuba calls US nuclear submarine in Guantanamo Bay 'provocative escalation'
▼ + stars: | 2023-07-11 | by ( Nelson Acosta | ) www.reuters.com time to read: +3 min

HAVANA, July 11 (Reuters) - Cuban authorities on Tuesday said the U.S. recently had a nuclear-powered submarine at its military base at Guantanamo Bay and called the action a "provocative escalation" of tensions weeks after Washington alleged that there was a Chinese spy base on the island. Washington did not confirm that there was a submarine at the naval base. It said Cuba was looking to distract from the two-year anniversary of largest street protests seen in Cuba since Fidel Castro's 1959 revolution. Critics have said the Guantanamo Bay prison has been used for arbitrary detention and torture of people suspected of terrorism. In June, Havana and Beijing rejected reports citing U.S. officials alleging that China was using Cuba as a spy base.

Persons: Washington, Fidel Castro's, William LeoGrande, Critics, Nelson Acosta, Sarah Morland, Matt Spetalnick, David Gregorio Our Organizations: Washington, U.S . State Department, State Department, House, U.S . Department of Defense, Washington's American University, Reuters, United, Thomson Locations: HAVANA, U.S, Guantanamo, Chinese, Cuba, Cuban, China, Washington, Havana, Beijing, United States, Caribbean

SHANGHAI, June 29 (Reuters) - Geopolitics and the national security concerns of some countries are threatening the globalisation of the world’s chip industry and its future growth, the chairman and acting CEO of memory chipmaker Yangtze Memory Technologies (YMTC) said on Thursday. "Our industry itself is cyclical, and each practitioner has his own way of dealing with the cycle. The move barred YMTC's suppliers from shipping U.S. goods to it without a difficult-to-obtain licence. Chen hinted at YMTC's own troubles during his speech, with a direct appeal to equipment suppliers in attendance. "For YMTC that I manage, we can no longer procure parts and components for equipment we had legally bought.

Persons: Chen Nanxiang, Taiwan's TSMC, Morris Chang, Chen, Casey Hall, Muralikumar Anantharaman, Christina Fincher Organizations: Technologies, Huawei Technologies Co, Shanghai Newsroom, Thomson Locations: SHANGHAI, China, Shanghai, United States, Washington

Roszarubezhneft's five joint ventures now must rely on PDVSA-designated intermediaries that take a large share of the revenues for their services, the people said. The joint ventures are owed about $3.2 billion from sales handled by PDVSA, one of the people said. Roszarubezhneft, Russia's oil ministry, PDVSA and Venezuela's oil and foreign affairs ministries did not reply to requests for comment. It also could help PDVSA make progress toward its goal of raising Venezuela's oil output by 40% this year. Oil production at the five joint ventures has dwindled as U.S. sanctions have hampered investment and maintenance work, and deterred many buyers of Venezuelan crude.

Persons: PDVSA's Jose Antonio, Carlos Garcia Rawlins, PDVSA, Rosneft, Nicolas Maduro's, Roszarubezhneft, Alexandra Ulmer, Marianna Parraga, Vivian Sequera, Daniel Flynn Organizations: REUTERS, Chevron, PDVSA, Reuters, Washington, U.S . Treasury, National Security, State Department, Nicolas Maduro's United Socialist Party, Assembly, Thomson Locations: PDVSA's, Anzoategui, Caracas, Moscow, Venezuela, U.S, Russia, Ukraine, Roszarubezhneft, Venezuela's, Rosneft

Indian citizens are by far the most active users of the U.S. H-1B program and made up 73% of the nearly 442,000 H-1B workers in fiscal year 2022. Plans for a pilot program were first reported by Bloomberg Law in February. Each year, the U.S. government makes 65,000 H-1B visas available to companies seeking skilled foreign workers, along with an additional 20,000 visas for workers with advanced degrees. The pilot program would also include some workers with L-1 visas, which are available to people transferring within a company to a position in the U.S., one of the sources said. India has long had concerns with the difficulty its citizens face in receiving visas to live in the United States, including technology industry workers.

Persons: Biden, Narendra Modi, Joe Biden, Trevor Hunnicutt, Ted Hesson, Heather Timmons, Lincoln Organizations: State Department, Bloomberg Law, Infosys, Tata Consultancy Services, Labor Department, Washington, Thomson Locations: United States, U.S, India, Washington, China . U.S

☆ Micron warns of bigger revenue hit from China ban
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

The company said it now expects an impact on about half of its revenue from China-headquartered firms, which equates to a low-double-digit percentage of its total revenue. It had neither provided details on what risks it had found nor what Micron products would be affected. It also added that several customers, including mobile manufacturers, were being contacted by Chinese government representatives about the future use of Micron products. Micron's revenue from companies headquartered in mainland China and Hong Kong, including direct sales as well as indirect sales through distributors, accounts for about a quarter of its total revenue. ($1 = 7.1218 Chinese yuan renminbi)Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Sanjay Mehrotra, Chavi Mehta, Shailesh Organizations: Micron Technology, Micron, Cybersecurity Administration, Thomson Locations: China, U.S, Beijing, Washington, Hong Kong, Xian, Bengaluru

☆ As China's intelligence capabilities grow, spying becomes an increasing flashpoint in ties with US
▼ + stars: | 2023-06-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +12 min

They underscore how intelligence gathering – an activity meant to go on without detection, out of the public eye – is becoming an increasingly prominent flashpoint in the US-China relationship. That pushes intelligence gathering itself to become “another factor that is complicating US-China relations,” he said. That’s especially the case, experts say, as China continues to expand its own intelligence gathering capabilities – catching up in an area where the US has traditionally had an edge. Other arms of the Communist Party apparatus also play a role in activities beyond conventional intelligence gathering, experts say. Heightened concern and awareness about Chinese intelligence gathering – or the potential for it – has exploded in the US in recent years.

Persons: Antony Blinken, Blinken, Bill Burns, ”, Lyle Morris, Christopher Johnson, “, there’s, they’ve, Johnson, Xi Jinping, That’s, Xuezhi Guo, Guo, Xi, Hector Retamal, –, TikTok –, Edward Snowden, ’, Shou Zi Chew, Jabin, John Delury, John T, Downey, Delury Organizations: Hong Kong CNN, US, White House, CIA, CNN, Asia Society, Center for, Central Intelligence Agency, China, Group, U.S . Navy, AP, Guilford College, People’s Liberation Army, Ministry of State Security, Communist Party, Federal Bureau of Intelligence, The New York Times, Huawei, TikTok, Tiktok, US Justice Department, China Initiative, Center for Strategic, International Studies, National Security Agency, US Central Intelligence Agency, Washington, China ”, Energy, Commerce, Capitol, Washington Post, Subversion Locations: Hong Kong, United States, China, Beijing, American, Cuba, US, Center for China, South, Russia, AFP, Washington, USA, South China, Washington , DC

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