Page 212 - Entity List News Today

US trade gap soars in 2020 amid pandemic disruptions 225 WASHINGTON, Feb 6, 2021 (BSS/AFP) – The US trade deficit surged in 2020 to its highest level since 2008, the government reported Friday, in the pandemic-roiled year that upended the global economy. Business shutdowns and global shipping disruptions caused by Covid-19 were a major factor for most of last year, leading to the largest trade gap since the start of the global financial crisis, according to Commerce Department data. And even ...

The bill would remove some of those protections by allowing users who face cyberstalking, targeted harassment and discrimination to seek legal action against the platforms. The NAACP Legal Defense and Educational Fund and the Anti-Defamation League said they support the Democratic proposal, but it is already facing some opposition from progressives with the digital rights group Fight for the Future saying the bill would solidify the market power of tech giants and harm smaller sites.    AMAZO...

  Share Source: AP Photo/Susan Walsh, Pool Over the last several weeks, Texas Sen. Ted Cruz (R) has been outspoken about the Biden administration cozying up to the Chinese Communist Party, particularly when it comes to Cabinet positions. “China poses the single greatest geopolitical threat to the United States over the next century. We need serious, clear-eyed policymakers to confront that threat," Cruz warned. "One of the really disturbing patterns weve seen with Biden nominee after Biden ...

Cruz places hold on Biden commerce pick over lack of commitment on Huawei blacklist Jerry Dunleavy © Provided by Washington Examiner Republican Sen. Ted Cruz placed a hold on President Biden’s Commerce Department secretary nominee after she declined to promise specifically to keep Chinese telecom giant Huawei on a U.S. trade blacklist, he said. The Senate Committee on Commerce, Science, and Transportation voted 21-3 to approve Democratic Rhode Island Gov. Gina Raimondo�...

“I’ll lift the hold when the Biden admin commits to keep the massive Chinese Communist Party spy operation Huawei on the Entity List,” Cruz tweeted in response to a report from Bloomberg Business that he had blocked a vote on Raimondo.  Cruz’s block comes after over a week of criticism from both House and Senate Republicans of Raimondo’s comments on Huawei during her confirmation hearing.  ADVERTISEMENT The Commerce Department under the Trump administration added Huawei, one of the...

Cruz blocks Senate vote on Raimondo for Commerce Secretary over concerns about Huawei House and Senate Republicans raised concerns about the Rhode Island governor’s comments on the Chinese telecom giant during her confirmation hearing. By Lylah Alphonse Globe Staff,Updated February 4, 2021, 9:20 p.m. Email to a Friend Senator Ted Cruz questioned the nominee for Secretary of Commerce, Gina Raimondo, during her Senate Commerce, Science, and Transportation Committee confirmation hearing on T...

Raimondo on hold U.S. Senator Ted Cruz (R-TX) is delaying the full Senate vote on Rhode Island Governor Gina Raimondo’s confirmation for U.S. Commerce Secretary. Cruz confirmed the reason for delaying Raimondo was over Huawei, which is currently on the U.S. Entity List — and the Biden Administration has refused to say if they will keep on. “I’ll lift the hold when the Biden admin commits to keep the massive Chinese Communist Party spy operation Huawei on the Entity List,” Cruz Tweeted...

SMIC forecasts 7-9% growth in Q1 SMIC had Q4 revenue of $981.1 million, compared to $1,082.5 million in 3Q20 and $839.4 million in 4Q19. Gross profit was $176.8 million in 4Q20, compared to $262.0 million in 3Q20 and $199.4 million in 4Q19. Gross margin was 18.0% in 4Q20, compared to 24.2% in 3Q20 and 23.8% in 4Q19. For Q1, SMIC expects revenue to increase by 7% to 9% with a gross margin of 17% to 19%. “Looking to 2021, as SMIC was placed on the US Entity List, the Company is restricted fr...

Sen. Ted Cruz (R-Texas) on Thursday placed a hold on the confirmation of President Joe Biden’s pick for ...

U.S. Sen. Jack Reeds spokesman Chip Unruh said, “The governor has strong bipartisan support. If Senator Cruz persists, he will be defeated through a cloture vote.  "All he’s doing is seeking the limelight, delaying progress on addressing China, and jeopardizing a functioning government much as he did when he convinced Republicans to shut down the government and tried to default on the US’s financial obligations,” he said. Leading up to the committee vote, Republicans sought to capital...