Tag: Politics/International Relations

  • Apple’s Tim Cook takes the stage in China with a welcome cheer

    BEIJING – Apple from Inc AAPL 0.83% Tim Cook took the stage at an economic conference in Beijing sponsored by the Chinese government on Saturday and gave a buoyant speech that was welcomed with applause. The treatment his counterpart at TikTok received in Washington days earlier couldn’t have been more different: hours of questioning by […]

  • Senator Elizabeth Warren is calling for an independent inquiry into the Fed’s banking regulations

    Published: March 19, 2023 at 7:05 PM ET Senator Elizabeth Warren is calling for an independent investigation into the Federal Reserve and “the entire regulatory system” following the banking sector’s worst crisis in more than a decade. On Sunday, the Massachusetts Democrat told ABC News’ This Week that the chaos of the past few weeks […]

  • US threatens ban if TikTok’s Chinese owners don’t sell stakes

    WASHINGTON — The Biden administration is demanding that TikTok’s Chinese owners sell their shares in the video-sharing app or risk a potential U.S. ban on the app, according to people familiar with the matter. The move represents a major policy shift on the part of the government, which has come under fire from some Republicans […]

  • Biden says the banking system is safe after the Silicon Valley bank collapse

    WASHINGTON — President Biden said on Monday that the banking system is safe while emphasizing steps have been taken to mitigate the fallout from the Silicon Valley Bank collapse and bolster confidence in the financial system, as some lawmakers called for a reexamination of the rules for medium-sized banks. “The swift action of my administration […]

  • US, EU begin mineral trade negotiations

    The US and the European Union are moving forward with a trade deal focused on critical minerals, with President Biden and European Commission President Ursula von der Leyen expected to discuss Friday the plan to reduce their dependence on China. As part of Friday’s meeting at the White House, the US and EU are set […]

  • Jerome Powell testifies before Congress on outlook for interest rates and inflation

    Federal Reserve Chairman Jerome Powell is likely to warn on Capitol Hill that strong economic activity this year could lead Federal Reserve officials to raise interest rates more than they expected to combat high inflation. Mr. Powell does set to testify for two days, beginning Tuesday at 10 a.m. Eastern Time before the Senate Banking […]

  • Top Apple supplier Foxconn plans major expansion in India

    NEW DELHI— Apple from Inc AAPL 3.51% main manufacturer, Foxconn Technology Group, is considering a major expansion in India, which could include assembling millions of iPhones and setting up new manufacturing sites, as it seeks to further diversify outside of China. Foxconn will expand iPhone production at its existing factory near Chennai, in the South […]

  • Huawei export licenses may be revoked by the US

    The Biden administration is considering revoking export licenses issued to US suppliers for sale to Chinese telecom company Huawei Technologies Co. The administration previously indicated that it is considering not granting new export licenses to companies such as Qualcomm Inc. QCOM 0.77% and Intel Corp. INTC 0.16% , which provide chips needed for smartphones and […]

  • From McDonald’s to Ralph Lauren, American companies are planning expansions in China

    HONG KONG — Major US companies, from fast food to high-end fashion, are banking more on Chinese consumers in anticipation of a post-pandemic recovery for the world’s second-largest economy. Shopkeeper Ralph Lauren Corp. and Carpet Inc., TPR -1.18% the owner of the Coach and Kate Spade brands, are launching new stores. And Tyson Foods Inc. […]