President Joe Biden on Thursday expanded a Trump-era ban on American investments in Chinese companies that Washington believes to be associated with China’s “military-industrial complex.” The list includes 59 companies and covers swathes of sectors from aerospace industries, to railways, to nuclear power, to oil, telecommunications and, of course, semiconductors. …
Read More »Biden adds 59 Chinese companies – including Huawei and military firms – to investment blacklist
Joe Biden and Donald Trump don’t see eye-to-eye on much and, immediately after taking office in January, Biden set about undoing nearly every single Trump policy by executive order. However, hostility toward China is a rare policy shared by both Democrats and Republicans in Washington. Biden proved this on Thursday, …
Read More »US removes Xiaomi from its blacklist of ‘Communist Chinese military companies’
According to the statement, the US District Court for the District of Columbia issued a final judgment on Tuesday afternoon, formally lifting all restrictions on the purchase or holding of the company’s securities by US investors. “The company is grateful for the trust and support of its global users, partners, …
Read More »CBS News deletes tweet promoting ‘3 ways companies can FIGHT’ Georgia voting law after it was accused of ‘Dem activism’
In a piece first titled, ‘3 ways companies can help fight Georgia’s restrictive new voting law,’ the network broke down things activists are “asking for” from companies looking to push back against Georgia’s new law. The headline and a subsequent tweet saying the same thing, however, appeared to show the …
Read More »Robinhood narrows trade restrictions list to 8 companies, including GameStop
Companies that still face limitations include GameStop, AMC Entertainment Holdings, Blackberry, and others, Robinhood said, noting that the limits may be “subject to change throughout the day.” Opening new positions in those securities is limited, according to its website, which lists the maximum number of shares and options contracts each …
Read More »Russian Defense Ministry, air and space companies on US list of ‘prohibited’ export destinations
The list, published Monday by the Bureau of Industry and Security amends the Export Administration Regulations, and represents just the first tranche of entries that will be expanded going forward, Commerce Secretary Wilbur Ross said. Commerce is “leveraging its partnerships with US and global companies to combat efforts by China …
Read More »Nasdaq threatens 75% of listed companies with order to appoint women & LGBT or other ‘diverse’ directors to board – or else
Nasdaq revealed its plan to turbocharge diversity on its exchange in a proposal filed with the Securities and Exchange Commission (SEC) on Tuesday. Under the proposed new rules, not only will all listed US companies be required to “publicly disclose consistent, transparent diversity statistics regarding their board of directors,” but …
Read More »‘Unusual and extraordinary threat’: Trump bans ANY Chinese ‘military companies’ from US securities markets
People’s Republic of China is “increasingly exploiting United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses,” which allows Beijing to “directly threaten the United States homeland and United States forces overseas,” Trump said in the order, issued on Thursday. …
Read More »US blacklists more Iranian companies amid rumors of ‘sanctions flood’ to sink nuclear deal for good
Treasury Secretary Steven Mnuchin announced the new sanctions listings on Tuesday, calling the people and companies involved part of a “global network of companies” that Iran allegedly uses to “advance its destabilizing military capabilities.” Of the 10 sanctioned entities and individuals, however, only four are Iranian. Two companies based in …
Read More »Erdogan urges Turks to not buy French goods as companies brace for boycott by Muslim nations
Recep Tayyip Erdogan doubled down on his accusations against France on Monday, officially calling for a boycott of French goods. “Just like they say, ‘Don’t buy good with Turkish brands’ in France, I am calling to all my citizens from here to never help French brands or buy them,” Erdogan …
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