In a significant development that marks the return of General Motors Co to the rare earth industry, the US automaker now plans on sourcing rare earth magnets for its future line of electric vehicles from new U.S.-based manufacturing facilities under two… Read More ›
Biden administration
US Private sector should have full clarity on what’s happening in Xinjiang before operating there: State Department
In a statement the U.S. State Department said, the private sector should have full clarity on what is transpiring in Xinjiang, China. The statement comes at a time when the Biden Administration has decided it will not send government officials… Read More ›
Biden Administration invites Taiwan to Summit of Democracy
In a significant development, the Biden Administration has invited Taiwan to its “Summit for Democracy” scheduled to take place next month. The summit, the first-of-its-kind gathering of democracies, marks a test of US President Joe Biden’s assertion that he would… Read More ›
Sale of F-35 stealth fighters only after UAE understands obligations
According to an official from the Biden Administration, the United States intends to move forward with the sale of 50 F-35 stealth fighter jets to the United Arab Emirates after Washington gets a clear understanding of “Emirati obligations”. “We continue… Read More ›
Huawei’s CFO Meng Wanzhou returns to China in quid pro quo
In a significant development, Huawei’s Chief Financial Officer Meng Wanzhou arrived back in China after fighting U.S. extradition for around three years, in yet another sign of weakening global clout of the United States. The move also reflects a change… Read More ›
More trade action will be taken against Huawei if needed: U.S. Commerce Secretary Gina Raimondo
In a statement U.S. Commerce Secretary Gina Raimondo said, if necessary the Biden Administration will take further action against China’s Huawei. Washington continues to see the Chinese tech company as a national security threat on a variety of grounds and… Read More ›
France to push for global tax reforms at next G20 meeting
In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
Pakistan-backed terror group Taliban gains full control over Afghanistan
In a statement a spokesman for the Taliban’s political office said, war was over in Afghanistan and called for peaceful relations with the international community. In an interview with Al Jazeera TV, Taliban’s spokesman Mohammad Naeem said, the Taliban did… Read More ›
US business groups wants US to cut import tariffs despite China not complying to Phase 1 trade commitments
More than 36 influential business groups from the United States and asked U.S. President Joe Biden’s administration to restart trade talks with China; they have also asked that Washington cut its tariffs on Chinese exports to the United States, said… Read More ›
Vineyard Wind to create first US offshore wind farm
In a development that marks the first nascence of U.S. offshore wind industry even as US President Joe Biden has pledged to support a clean energy and climate change agenda that will create millions of good-paying union jobs, Vineyard Wind… Read More ›