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. it is the biggest gains in the early weeks of the ukraine war. shares in wework have slumped out of the office space provider raised doubts about its ability to survive as about its ability to survive as a going concern. at the close of trading on wednesday shares that down by 38% to just 12 cents valuing the company at $200 million. they were valued as much as $47 billion and a plan share sale in 2019 before concerns of heavy losses and lapses in court. rome watered down its plans for a windfall tax. 0n down its plans for a windfall tax. on monday night the italian government passed a 1 off italian government passed a i-off 40% italian government passed a 1 off 40% tax on the profits that banks earn from higher interest rates. there was a shock move that saw shares plummet. it said proceeds would be used to help mortgage holders. the finance ministry said the tax would be capped at just 0.1% of assets. coming up,