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 ›
White House
US officials to host meeting at White House on global chip shortage, COVD-19’s impact on chip supply chains
In a statement the US Commerce Department said, U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese are scheduled to host a semiconductor supply chain meeting at the White House on September 23. Officials in the meeting… Read More ›
Biden taps privacy advocate Alvaro Bedoya for FTC
In a statement the White House said, President Joe Biden will nominate Georgetown University law professor, a privacy advocate, to the U.S. Federal Trade Commission. “It is the honor of my life to be nominated to serve on the FTC…. Read More ›
US could end up in a war in case of a major cyberattack: U.S. President Joe Biden
In a significant development U.S. President Joe Biden warned that Washington could end in a “real shooting war” with a “major power” in the event of a significant cyberattack on the United States. The warning comes in the wake of… Read More ›
US Senate passes bill than bans import of products from Xinjiang region
In a significant development, the U.S. Senate has passed a bill that bans the import of products from China’s Xinjiang region. The Uyghur Forced Labor Prevention Act creates a “rebuttable presumption” on the assumption that goods manufactured in Xinjiang are… Read More ›
UK’s backing of global corporate tax contingent on White House’s support on cracking down on US tech giants: UK Treasury
A report from The Telegraph stated, the UK treasury may back a global overhaul of corporate tax as outlined by U.S. President Joe Biden if the White House supports its demand to crack down on U.S. tech giants. Britain has… Read More ›
Regulatory framework on climate risk disclosures will act as catalyst for massive green investments: John Kerry
In a statement U.S. climate envoy John Kerry said, a regulatory requirement on companies and financial institutions requiring them to disclose climate change related risks will spark huge investment flow in green capital investments across the world; he went on… Read More ›
Ethics disclosures show Biden aides had ties to large tech companies
Financial disclosures made by the White House shows, high ranking officials from the Biden administration had previously undisclosed ties to large corporations including tech giants Facebook Inc, Google Inc and Microsoft Corp. According to filings made with the Office of… Read More ›
Largest U.S. labor federation calls on Biden Administration to block import of solar products from Xinjiang, China
In a significant development, the leader of the AFL-CIO, the largest U.S. labor federation, has called on the Biden Administration and the U.S. Congress to not import solar products from China’s Xinjiang region over human rights violations. In letters to… Read More ›
Daniel Smith appointed as acting U.S. Secretary of State
In a statement the White House said, Daniel Smith, director of the Foreign Service Institute (FSI), has been appointed as acting secretary of state following Joe Biden’s swearing in as President. Smith will fill the role temporarily until Biden’s nominee,… Read More ›