China hits back at US sanctions on tech giants, restricting its exports to American defense firms

BEIJING — China on Monday announced sanctions on 10 American military-related companies in response to a recent U.S. move that bars some leading Chinese tech companies from defense contracts. The Commerce Ministry said that Chinese companies would be blocked from exporting “dual-use” items to the 10 companies, which include military drone makers and some involved … Read more

Dems raked in millions from employees at firms newly identified as ‘Chinese military companies’

NEWYou can now listen to Fox News articles! Democrats, among them some of the most recognizable names in politics, have accepted millions of dollars in campaign contributions from top employees at firms the Pentagon recently designated as “Chinese military companies” operating in the U.S. The Department of War on June 8 designated Alibaba, Baidu and … Read more

Indictments announced against Chinese container firms for alleged price-fixing during COVID pandemic

Indictments announced against Chinese container firms for alleged price-fixing during COVID pandemic – CBS News Watch CBS News The Justice Department on Tuesday announced indictments against four Chinese shipping container manufacturers for allegedly cutting production to fix prices during the COVID-19 pandemic. CBS News senior White House reporter Jennifer Jacobs has more. Source link

China orders firms to ignore US Iran sanctions, daring US to enforce crackdown

NEWYou can now listen to Fox News articles! China has ordered companies to disregard U.S. sanctions targeting Iranian oil, forcing a direct test of Washington’s ability to enforce its crackdown on Iran.  A new directive, issued through China’s Commerce Ministry Sunday, invokes a 2021 “blocking statute” that prohibits firms from complying with foreign sanctions deemed … Read more

Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen

NEW YORK — With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war. On Sunday, President Donald Trump announced “Project Freedom,” a way for the U.S. … Read more

US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

DUBAI, United Arab Emirates — The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted Friday by the U.S. Office of Foreign Assets Control adds another layer of pressure in the standoff between the U.S. and Iran … Read more

U.S. sanctions 3 people, 2 firms over allegedly recruiting Colombian mercenaries in Sudan war

CAIRO — The U.S. imposed sanctions on three people and two firms over allegedly recruiting and deploying Colombian mercenaries to fight alongside the paramilitary Rapid Support Forces in Sudan’s war, which has entered its fourth year with no end in sight. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive … Read more

AI firms, AIPAC invest millions in Illinois primaries

Voters are heading to the polls for primary elections in Illinois on Tuesday, where there has been significant spending from outside groups, notably the Israeli lobbying committee AIPAC and artificial intelligence super PACs. CBS News White House reporter Aaron Navarro and NOTUS senior editor Dave Levinthal join to discuss. Source link

Iran says major U.S. tech firms are targets in the Middle East, with drone and cyberattacks already underway

Iran has listed a number of major U.S. tech companies as potential targets as it expands its attacks across the Middle East in retaliation for the ongoing U.S. and Israeli attacks on its military and security forces and leadership. Iran’s semi-official Tasnim News Agency, which is linked to the country’s powerful Islamic Revolutionary Guard Corps, … Read more