A Chinese expert predicts that despite current technological disparities and US efforts to curb its progress, China will soon catch up to American chipmakers in the race to build the world's most powerful computers.
Tags: United States
Two Texan Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China
Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.
US Sanctions Former Exxon Contractor, Public Official in Guyana Over Alleged Fraud and Bribery
The US has sanctioned a Guyanese mining mogul over accusations of tax fraud and bribery. The United States (US) has sanctioned Guyanese mining mogul Nazar Mohamed and his son Azruddin over accusations of tax fraud and bribery, the Treasury Department announced on Tuesday.
US Household Wealth Rises to Record of Over $160 Trillion in Q1 2024, Fed Data Shows
US household wealth reached a record high of over $160 trillion in the first quarter of 2024. In the first quarter of 2024, US household wealth reached a record high of $160.
US FAA Extends Cuts to Airlines' Minimum Flight Requirements at New York Airports Until 2025
The FAA will extend temporary cuts to minimum flight requirements in New York City-area airports until October 2025.
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The US Treasury Department announced on Tuesday new regulations designed to support Cuba's growing private sector and enhance the country's access to US internet services.
Despite initial pledges to exit Russia following the 2022 invasion of Ukraine, many Western companies, including Avon Products, Air Liquide, and Reckitt, remain in the country.
The US and Europe are considering acquiring or producing H5N1 bird flu vaccines to protect poultry and dairy workers.
China has launched its largest semiconductor investment fund to date to boost its domestic chip industry.
Chesapeake Energy, a leading natural gas producer in the United States, has started laying off employees this week.
Canada is reportedly exploring raising tariffs on Chinese-produced electric vehicles (EVs) following the US decision to impose higher levies on these imports.
The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China.
The US has announced it blocked imports from 26 Chinese cotton traders or warehouse facilities tied to Uyghur forced labor.
JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil.
