Microsoft invests $1.5 billion in AI firm G42, overseen by UAE’s national security adviser

[ad_1] REDMOND, Wash. — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft’s president, Brad Smith, will join G42’s board of directors. The … Read more

US Steel shareholders approve takeover by Japan’s Nippon Steel opposed by Biden administration

[ad_1] FILE – U.S. Steel’s Mon Valley Works Clairton Plant in Clairton, Pa., is shown on Monday, Feb. 26, 2024. U.S. Steel shareholders overwhelmingly approved the firm’s sale Friday, Apri 12, 2024, to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden … Read more

Dutch leader is visiting Beijing for talks on Ukraine, Gaza and restrictions on high-tech exports

[ad_1] BEIJING — Dutch Prime Minister Mark Rutte is meeting with Chinese leaders Wednesday for talks that are expected to include the wars in Ukraine and Gaza and Dutch restrictions on the export of semiconductor manufacturing equipment to China. The Netherlands imposed export licensing requirements in 2023 on the sale of machinery that can make … Read more

Dutch leader is visiting Beijing for talks on Ukraine, Gaza and restrictions on high-tech exports

[ad_1] BEIJING — Dutch Prime Minister Mark Rutte is meeting with Chinese leaders Wednesday for talks that are expected to include the wars in Ukraine and Gaza and Dutch restrictions on the export of semiconductor manufacturing equipment to China. The Netherlands imposed export licensing requirements in 2023 on the sale of machinery that can make … Read more

Doing business in China is growing tougher, more uncertain, European business group says

[ad_1] BEIJING — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said Wednesday. The lengthy paper by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years. … Read more

Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok

[ad_1] Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake. During an interview on CNBC’s “Squawk Box,” Mnuchin, who served under … Read more

US lawmakers say TikTok won’t be banned if it finds a new owner. But that’s easier said than done

[ad_1] U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. The premise of a bipartisan bill passed by the U.S. House of Representatives on Wednesday is that TikTok fans in the U.S. can keep scrolling through their favorite social media app … Read more

US lawmakers say TikTok won’t be banned if it finds a new owner. But that’s easier said than done

[ad_1] U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. The premise of a bipartisan bill passed by the U.S. House of Representatives on Wednesday is that TikTok fans in the U.S. can keep scrolling through their favorite social media app … Read more

House poised to pass bill that could ban TikTok but it faces uncertain path in the Senate

[ad_1] WASHINGTON — A bill that could lead to a ban of the popular video app TikTok in the United States is expected to pass the House on Wednesday as lawmakers act on concerns that the company’s ownership structure is a threat to national security. The bill would require the Chinese firm ByteDance to divest … Read more

China’s top court, prosecutors report surging cyberscams, stress protecting national security

[ad_1] BEIJING — China saw large increases in arrests and cases of phone and internet scams last year, according to reports presented Friday to the National People’s Congress that stressed the ruling Communist Party’s determination to safeguard national security and public order. A report issued by the Supreme People’s Procuratorate said the number of cases … Read more