News
US Senate passes tech & manufacturing bill that takes on China
The US Senate has passed a bipartisan tech and manufacturing bill that will take on China
The legislation, intended to boost the county’s ability to compete with Chinese tech was passed on Tuesday. The Senate voted 68-32 to approve the sweeping package of legislation.
The measure authorises approximately $190 billion for provisions to strengthen US technology and research.
The legislation would also separately approve spending $54 billion to increase manufacturing and research into semiconductor chips and telecommunication equiptment.
Staff fold flags while US President Donald Trump and China’s President Xi Jinping hold a bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. (Photo by Brendan Smialowski / AFP)
The next stages
The bill must now pass the House of Representatives in order to be sent to the White House for Biden to sign into law.
Currently, it is not clear what legislation in the House will look like or when it might take it up.
The bill has a number of other China-related provisions including prohibiting the social media app TikTok from being downloaded on government devices and would block the purchase of drones manufactured and sold by companies backed by the Chinese government.
It would also allow diplomats and Taiwanese military to display their flag and wear their uniforms while in the United States on official businesses.
Senate Majority Leader Chuck Schumer, warned of the consequences of not funding research to keep up with China.
“If we do nothing, our days as the dominant superpower may be ending. We don’t mean to let those days end on our watch. We don’t mean to see America become a middling nation in this century,”
President’s Response:
President Joe Biden also praised the bill: “
We are in a competition to win the 21st century, and the starting gun has gone off … We cannot risk falling behind.”
What’s happening in the Middle East?
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President Donald Trump says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed
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Iran is entering a transitional period, with a three man leadership council temporarily taking control
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The U.S. military confirms three American service members were killed in the joint Israeli U.S. operation
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The White House says U.S. forces have destroyed and sunk nine Iranian naval ships
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Israel and the United States continue strikes on Iranian targets, with Tehran launching missile and drone retaliation across Israel and Gulf states
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Shipping, aviation and oil markets have been disrupted, with civilians fleeing major cities amid escalating tensions
News
Israel strikes Tehran anew as conflict escalates and global markets react
Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.
Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.
Israel has launched a new wave of strikes on Tehran, following the reported killing of Iran’s Supreme Leader, Ali Khamenei. U.S. President Donald Trump has warned the campaign could last up to a month, framing the operation as a move to prevent Iran from acquiring nuclear capabilities.
Iran has retaliated with missile attacks, while its Revolutionary Guards claim responsibility for assaults on oil tankers in the Gulf. The escalating hostilities are already disrupting global shipping lanes and air travel, sending shockwaves through international markets.
With reports of the first U.S. casualties emerging and Washington declaring the Tehran operation a success, tensions across the Middle East are intensifying rapidly. The question now is how far this conflict could spread — and at what cost.
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News
U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges
U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.
U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.
The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.
Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.
Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.
Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.
Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.
With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.
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