Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I
Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
John welcome to the journal editorial report. Im Edward Lawrence, the general Election Campaign taking the new cycle, biden trump rematches all but guarantee. Following the exit of nikki haley the former South Carolina governor suspending her campaign after donald trump swept all but One Supertuesday state, haley did not endorse a former president but urged him to unite and grow the Republican Party. It is up to donald trump to earn the votes of those in our party and beyond it who did not support him. I hope he does that. At its best, politics is about bringing people into your cause, not turning them away. Our conservative cause badly needs more people. This is now his time for choosing. Ed dan heninger and jason riley, the president ial landscape firmed up after supertuesday, we have a heavyweight battle between donald trump and President Biden in the ring, interesting mental note. What is the about of nikki haley due to the republican side of the ticket . It leaves part of the repu
Strike across lufthansa through till saturday morning. 0n strike across lufthansa through till saturday morning. On top of that there is Security Staff at cologne and dusseldorf and frankfurt airports are causing wild widespread cancellations. Anybody trying to travel to, from, or within germany at the moment is looking pretty shaky. Let pretty sha ky. Let us pretty shaky. Let us Focus On Cliff why are they such trouble with the unions . Partly because the entire aviation world suffered very much during the covid pandemic. Things are bouncing back. There is remarkable profits numbers at lufthansa, i billion euros, around 3 billion in profits, very similar to what the company which owns iberia of spain and British Airways did. They have earned that because there is huge demand for travel, but in europe in particular, capacity is still way down on pre pandemic times. Very simply, supply and demand kicks in. The unions are seeing the profits that are being made and they are very simply sa