MANILA, Philippines — The United States is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, U.S. Commerce Secretary Gina Raimondo said Monday. The U.S. export controls were first launched in 2022 to counter the use of … Read more
Finance Minister Nirmala Sitharaman addresses the media after the interim budget on February 1, 2024 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images India’s Finance Minister Nirmala Sitharaman said Friday the country’s exports remained strong despite slowing global demand, explaining that these economic issues will be a key focus ahead of … Read more
TOKYO — Japan’s Cabinet on Friday approved a hefty 16% increase in military spending next year and eased its postwar ban on lethal weapons exports, underscoring a shift away from the country’s self-defense-only principle. The moves came as Japan accelerates the deployment of long-range cruise missiles that can hit targets in China or North Korea … Read more
An Austrian court has acquitted five people, including the founder of the Blackwater security firm, who were accused of exporting two crop-spraying aircraft that were allegedly refitted for military purposes without the necessary permits BERLIN — An Austrian court on Thursday acquitted five people, including the founder of the Blackwater security firm, who were accused … Read more
BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview. “We have to change constantly,” Raimondo told CNBC’s Morgan Brennan over the weekend on the sidelines of the Reagan National Defense Forum. “I know that’s hard for … Read more
THE HAGUE, Netherlands — Human rights lawyers went to court in the Netherlands on Monday to call for a halt to the export of fighter jet parts to Israel that could be used in attacks on Gaza. The organizations allege that delivery of parts for F-35 jets makes the Netherlands complicit in possible war crimes … Read more
Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war between the two nations. Baidu, one of the tech firms building China’s counterparts to OpenAI, has secured enough AI chips to keep training its ChatGPT equivalent Ernie … Read more
By Joe Cash BEIJING (Reuters) -China’s commerce minister expressed concern over U.S. curbs on semiconductor exports to China, as well as sanctions on Chinese firms and tariffs on Chinese imports, when he met U.S. Commerce Secretary Gina Raimondo on Thursday, his ministry said Friday. Wang Wentao told Raimondo in San Francisco: “it is very important … Read more
Chinese business database Qichacha said it passed a data export security assessment that allows the company to resume overseas operations. Vcg | Visual China Group | Getty Images BEIJING — Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to resume overseas operations. The news signals an … Read more
TAIPEI, Taiwan — TAIPEI, Taiwan (AP) — Chinese Premier Li Qiang on Sunday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around a largely lackluster economy. Li made the remarks when delivering a keynote speech at the opening of the 6th China … Read more