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Biden Blocks 59 Chinese Companies in Amended Trump Order

Biden Blocks 59 Chinese Companies in Amended Trump Order
Bloomberg
2 hrs ago
Jennifer Jacobs
(Bloomberg) President Joe Biden signed an order Thursday amending a ban on U.S. investment in Chinese companies begun under his predecessor, naming 59 firms with ties to China’s military or in the surveillance industry, including Huawei Technologies Co. and the country’s three biggest telecommunications companies.
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The ban on new investments will take effect Aug. 2 at 12:01 a.m. in New York, according to administration officials who briefed reporters on condition of anonymity. Investors will have one year to fully divest.
Biden’s order is largely a continuation of a policy issued by former President Donald Trump that was challenged in court and confused investors over the extent of its reach to subsidiaries of blocked companies. Biden’s position on Trump’s order has been closely watched by Wall Street and Capitol Hi ....

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Biden expands Trump-era ban on investments in Chinese companies

Biden expands Trump-era ban on investments in Chinese companies
pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.

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Judicial Checks on Abuse of the National Security Rationale: The Case of Xiaomi

Judicial Checks on Abuse of the National Security Rationale: The Case of Xiaomi
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During the Trump administration, national security rose in prominence as a reason for restricting trade, investment and other economic activity. Among other examples, purported national security concerns led to the imposition of steel and aluminum tariffs under Section 232 of the Trade Expansion Act of 1962 (as our colleagues Scott Lincicome and Inu Manak describe here); there were bans on Chinese social media apps WeChat and TikTok; and most recently, the shares of certain Chinese companies, including electronics maker Xiaomi, were prohibited from being traded by Americans.
There are, of course, some legitimate security concerns relating to China specifically and to the world more broadly. However, when U.S. courts have been asked to review the actions of the Trump administration that were supposedly based on national security considerations, they have often rejected the justi ....

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Dito's franchise renewal bid reaches Senate plenary

Dito's franchise renewal bid reaches Senate plenary
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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Senate panel OKs franchise bid of Dito Telecommunity

(Facebook / MANILA BULLETIN)
Upon Senate Majority Leader Juan Miguel Zubiri’s motion, the committee passed House Bill No. 7332, which seeks to grant the telecommunications firm a 25-year legislative permit “to construct, establish, install, maintain and operate wire and/or wireless telecommunication systems in the country.” “Congratulations to our resource persons…And also to Dito Telecommunications and all the other franchises, congratulations,” Senator Grace Poe, committee chairperson, said before adjourning the public hearing.
She confirmed it later in a text message: “Dito in particular is approved on the committee level.” Dito was recognized as the Philippines’ third major telecommunications player in 2018 to break the duopoly of Smart Communications and Globe Telecom and improve communications and internet services in the country. ....

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