Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Biden’s Executive Order to restrict tech investments in China

Published

on

President Joe Biden signed an executive order on Wednesday that will narrowly limit specific U.S. investments in sensitive technology sectors in China.

The order also mandates the requirement of government notification for funding in other technology domains.

The long-awaited order empowers the U.S. Treasury secretary to restrict or prohibit certain American investments in Chinese entities within three sectors: semiconductors and microelectronics, quantum information technologies, and specific artificial intelligence systems.

In a letter addressed to Congress, Biden stated that he was declaring a national emergency to address the threat of advancements by countries like China “in sensitive technologies and products critical to the military, intelligence, surveillance, or cyber-enabled capabilities.”

Although the order could escalate tensions between the world’s largest economies, U.S. officials emphasized that the restrictions were aimed at mitigating “the most acute” national security risks, without intending to sever the intertwined economies of both nations.

Senate Democratic Leader Chuck Schumer lauded Biden’s directive, asserting that “for too long, American money has helped fuel the Chinese military’s rise. Today the United States is taking a strategic first step to ensure American investment does not go to fund Chinese military advancement.” He urged Congress to solidify these restrictions through legislation and further refinement.

China’s military

This order primarily intends to prevent U.S. capital and expertise from contributing to the development of technologies that could bolster China’s military modernization efforts and undermine U.S. national security. It primarily focuses on private equity, venture capital, joint ventures, and greenfield investments.

Most investments covered by the order will necessitate government notification, and certain transactions will be outright prohibited. The Treasury Department indicated that it might exempt “certain transactions, including potentially those in publicly-traded instruments and intracompany transfers from U.S. parents to subsidiaries.”

The Chinese Embassy in Washington did not provide an immediate response to requests for comments. However, the embassy had previously stated that the U.S. “habitually politicizes technology and trade issues and uses them as a tool and weapon in the name of national security.”

These regulations will apply only to future investments and will not impact existing ones.

The Biden administration stated that it had engaged with U.S. allies and partners during the development of these restrictions and plans to continue close coordination with them. The executive order reflects discussions held with the Group of Seven countries.

The implementation of the order is anticipated for next year, as informed by an individual familiar with the matter. It will undergo multiple rounds of public comments, including an initial 45-day comment period.

Regulators intend to issue an advance notice of proposed rulemaking to further define the program’s scope and initiate a comment period to gather public feedback before formulating a formal proposal.

Sources previously revealed that the restrictions on semiconductor investments are expected to align with export control rules for China established by the U.S. Department of Commerce in October.

Emily Benson from the Center for Strategic and International Studies (CSIS), a bipartisan policy research organization, speculated that investments in artificial intelligence will likely be prohibited for military purposes, while other investments in the sector will require government notification.

Continue Reading

News

LIVE: U.S. bombs Iranian nuclear sites

Trump confirms U.S. B2 bombers targeted three Iranian nuclear sites.

Published

on

Trump confirms U.S. B2 bombers targeted three Iranian nuclear sites.


Made with Restream. Livestream on 30+ platforms at once via https://restream.io

President Trump confirms U.S. B2 bombers targeted three nuclear sites in Iran.

Continue Reading

News

Trump confirms U.S. strikes on Iran as Israel targets top Iranian leaders

Trump confirms U.S. strike on Iran’s nuclear sites amid rising tensions; Israel intensifies operations, Iran vows to continue enrichment, and Houthi militants threaten U.S. shipping.

Published

on

Trump confirms U.S. strike on Iran’s nuclear sites amid rising tensions; Israel intensifies operations, Iran vows to continue enrichment, and Houthi militants threaten U.S. shipping.


President Trump has confirmed that U.S. forces successfully struck three nuclear facilities in Iran – Fordow, Natanz, and Esfahan – with all aircraft safely exiting Iranian airspace. The mission, involving B-2 stealth bombers, comes amid rising tensions over Iran’s nuclear ambitions.

Meanwhile, Israel has intensified its military operations, killing three top Iranian military leaders and striking a major nuclear facility in Isfahan. The Israeli chief of staff warned the operation may lead to a prolonged and complex war.

Iran responded by vowing to continue uranium enrichment and said talks with the U.S. are off the table unless Israel halts its attacks. In a parallel move, Houthi militants threatened U.S. and commercial ships in the Red Sea if American strikes continue in support of Israel.

Adding to the volatility, an Iranian drone hit northern Israel, with the IDF confirming the incident—though no casualties were reported. The U.S. State Department is now organising flights to evacuate Americans from Israel.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Trump #IranStrikes #IsraelIran #MiddleEastConflict #B2Bomber #Natanz #IranNuclear #TickerNews

Continue Reading

News

Trump announces U.S. strikes on Iran’s nuclear sites

Trump announces successful U.S. strikes on Iran’s nuclear sites, while Israel intensifies its military campaign against Iranian leadership.

Published

on

Trump announces successful U.S. strikes on Iran’s nuclear sites, while Israel intensifies its military campaign against Iranian leadership.

In Short:
President Trump announced U.S. strikes on three nuclear sites in Iran, confirming all aircraft left Iranian airspace after the operation. Meanwhile, Israel ramped up its military actions against Iran, leading to warnings from Iranian officials and Houthi militants regarding potential escalations.

President Trump announced on Saturday that the United States had successfully completed strikes on three nuclear sites in Iran: Fordow, Natanz, and Esfahan.

In a social media post, he confirmed all U.S. aircraft had exited Iranian airspace following the operation.

This military action was preceded by the deployment of stealth B-2 bombers from Missouri, capable of carrying the GBU-57 bunker buster, a powerful weapon considered effective against the Fordow uranium-enrichment facility.

Trump had earlier indicated to senior aides that he approved attack plans for Iran, awaiting Tehran’s decision on its nuclear program.

Meanwhile, Israel’s military intensified its operations against Iranian military leaders and nuclear sites, announcing the elimination of three senior Iranian figures and strikes on the Isfahan facility. Israel’s military chief warned of a potentially prolonged conflict, describing it as the nation’s most complex military undertaking.

In response, Iranian officials stated their refusal to halt uranium enrichment and indicated that negotiations with the U.S. would only occur if Israel ceased its attacks.

Additionally, the U.S. State Department announced the initiation of flights to facilitate the return of American citizens from Israel.

Houthi militants also issued a warning to target U.S. and commercial vessels in the Red Sea should American attacks in support of Israel commence.

Amidst this, an Iranian drone attack recently damaged a building in northern Israel, marking an acknowledged drone strike by the Israeli military during the ongoing conflict. No casualties were reported from the incident.

Continue Reading

Trending Now