TREASURY DEPARTMENT TECH FIRMS SANCTIONS
Australia to bring anti-scam law targeting internet giants this year, regulator says
The Australian Competition and Consumer Commission (ACCC) and the treasury department are consulting internet, banking and telecommunications firms about creating a mandatory, enforceable anti-scam code which legally requires them take reasonable steps to protect users, including offering an effective complaint service.
US slaps sanctions on leaders of Russia software firm Kaspersky Lab
US imposes sanctions on Kaspersky Lab leaders, bans antivirus sales, citing national security risks and Russian government control.
US stocks slip in choppy trading after weaker jobs data
Oil companies Exxon Mobil and Chevron dropped 2.3% and 1.5%, respectively, as demand concerns weighed on crude prices. Energy stocks led S&P 500 sectoral declines with 1.5% fall. Small-cap stocks, typically more sensitive to economic expectations, declined 1.2%, while the rate-sensitive real estate sector gained 0.9%.
US stocks fall despite Nvidia boost as inflation concerns weigh
U.S. stocks fell despite Nvidia's strong revenue forecast boosting shares. Economic data on inflation concerns and potential delay in Fed rate cuts overshadowed the market performance.
US to impose sanctions on Chinese banks for assisting Russia in Ukraine war
US State Secretary Antony Blinken, during a meeting with Chinese President Xi Jinping last month, urged Beijing to end military support for Moscow. Earlier in December, US President Joe Biden gave the Treasury Department authority to impose secondary sanctions against financial institutions in third countries that assisted Moscow in evading sanctions, as reported by Nikkei Asia.
Reliance renews bid for US license to import Venezuelan oil: Sources
Indian oil refiner Reliance Industries has resubmitted a request to the US for authorization to import crude oil from Venezuela, allowing it to resume oil trade between the OPEC producer and Venezuela. French oil producer Maurel & Prom has also been granted a license to conduct oil and gas operations in Venezuela for the next two years. The US did not renew a general license for Venezuela to export oil and fuel to its chosen markets in April, but some individual authorizations to foreign firms seeking to do oil business with Venezuela would be issued.
- Go To Page 1
Huawei secretly backs US research, awarding millions in prizes
Huawei Technologies Co., a Chinese telecommunications giant blacklisted by the US, is secretly funding cutting-edge research at American universities, including Harvard, through an independent Washington-based foundation. The foundation, Optica, administers a research competition solely funded by Huawei, attracting top scientists worldwide. Huawei's involvement has sparked controversy due to concerns about national security and lack of transparency. Despite this, the foundation defends the partnership, emphasizing the support for global research and academic communication.
Wall Street shares close up as megacap tech stocks rally
Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting the Google-parent's market value above $2 trillion.
US stocks rise as Big Tech charges higher
Alphabet jumped 10.1% to a record high after the Google-parent announced its first-ever dividend, a $70 billion stock buyback and beat estimates for first-quarter results. The share surge led to the search giant's market value briefly topping $2 trillion on an intraday basis.
Iran’s better, stealthier drones are remaking global warfare
Iran's drone technology is reshaping global conflicts, with drones based on Iranian designs being used in various countries, including Sudan, Syria, and Ukraine. These drones, like the Zagel-3 based on Iran's Ababil model, are becoming increasingly sophisticated and are used by militias and militaries worldwide. Iran's drone industry, fueled by sanctions and innovative methods to circumvent them, is a key element of its military strategy, allowing it to project power and influence far beyond its borders.
APT31: The Chinese hacking group behind global cyber espionage campaign
The United States and Britain have filed charges and imposed sanctions on a company and individuals linked to a Chinese state-backed hacking group, APT31, which they allege engaged in a sweeping cyber espionage campaign. APT31, also known as Zirconium, operated through a front company, Wuhan Xiaoruizhi Science and Technology Company (Wuhan XRZ), from at least 2010 until January 2024.
US sanctions Chinese cyberespionage firm, saying it hacked US energy industry
China state-sponsored malicious cyber actors remain one of the greatest and most persistent threats to U.S. national security, the Treasury said. The cyber security industry has labeled such entities advanced persistent threats (APTs), and the government also uses that acronym. Treasury said APT31 is a collection of Chinese intelligence officers working for the Hubei branch of China's Ministry of State Security (MSS) who carry out cyberespionage campaigns on behalf of the state.
US weighs sanctioning Huawei’s secretive Chinese chip network
The companies that could be blacklisted include chipmakers Qingdao Si’En, SwaySure, and Shenzhen Pensun Technology Co., or PST, the people said, asking not to be named because they weren’t authorized to discuss non-public information. Biden officials are also weighing sanctions on China’s leading memory chipmaker, ChangXin Memory Technologies Inc.
US targets Russia with hundreds of sanctions over Ukraine war, Navalny death
U.S. President Joe Biden announced over 500 new sanctions against Russia on the second anniversary of its war in Ukraine, aiming to increase pressure on Moscow. These sanctions include export restrictions on nearly 100 entities and measures to diminish Russia's energy revenues.
US Senate panel urges treasury department to make tech firms comply with sanctions
Democratic US senator Mark Warner, who heads the Senate Intelligence Committee, wrote a letter to treasury secretary Janet Yellen in which he said the treasury department was failing to "ensure sanctions compliance in digital advertising markets."
China chip firm Brite Semiconductor, powered by US tech and money, avoids Biden's crackdown
The company, Brite Semiconductor, offers chip design services to at least six Chinese military suppliers, a Reuters examination of company statements, regulatory filings, tenders and academic articles by People's Liberation Army (PLA) researchers and institutions found.
US slaps sanctions on crypto mixer used by North Koreans for laundering
The US treasury department said in a statement that its action against Sinbad.io comes as the mixer has processed millions of dollars in virtual currency from heists conducted by a hacking group that is under sanctions.
The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine
The sanctions imposed by Treasury Department's Office of Foreign Assets Control target third-party firms and people alleged to assist Moscow in procuring equipment needed on the battlefield, including suppliers and shippers. In addition, the State Department imposed diplomatic sanctions targeting Russian energy production and its metals and mining sector.
US adds sanctions on Hamas, Iran's Revolutionary Guard members
A Gaza-based entity that Treasury said has served as a conduit for illicit Iranian funds to Hamas and the Palestinian Islamic Jihad (PIJ) group was also targeted, the department said. Iran backs Hamas and other militant groups in the Middle East. "We will not hesitate to take action to further degrade Hamas's ability to commit horrific terrorist attacks by relentlessly targeting its financial activities and streams of funding," Deputy Treasury Secretary Wally Adeyemo wrote, adding the sanctions aimed "to deny Hamas the ability to exploit the international financial system."
ONGC hopes to recover over USD 400 mn dividend as sanctions eased on Venezuela
OVL agreed to provide loans of up to USD 60 million for implementing the remediation plan of the project. Under the loan arrangement, it provided a loan of USD 17.11 million and received part of the outstanding dividend amounting to USD 124.81 million as of March 31, 2023, the source said, adding that due to sanctions, these agreements had come to a standstill and balance dividend of USD 412.82 million was pending.
Taiwan to probe firms over Huawei chip plants in China
Taipei has announced that it will investigate Taiwanese firms that collaborated with Huawei on semiconductor factories to determine if they violated US sanctions against the Chinese tech giant. The United States and its allies have restricted Huawei's access to major markets and advanced technology due to concerns over potential spying.
U.S. aims new sanctions at Russian military supply chains
The United States has imposed a large package of sanctions on more than 150 companies and individuals profiting from Russia's invasion of Ukraine. The sanctions aim to target Russia's military supply chains and deprive President Putin of the equipment and services needed for his war on Ukraine. The Treasury Department's sanctions focus on Russian military-linked elites, while the State Department's measures target individuals involved in arms shipments between North Korea and Russia.
China says US investment policy 'severely disrupts' global supply chains
US President Joe Biden hours earlier announced an executive order directing the Treasury Department to restrict certain US investments in China in sensitive high-tech sectors including semiconductors, quantum computing and artificial intelligence.
Senate passes defense bill with bipartisan support, but clash looms with House over social issues
The two chambers will now have to write a final bill, a test of the deeply divided House, in particular, as the traditionally bipartisan legislation was swept up in the disputes over race, equity and women's health care that have been political priorities for the Republican party. Wicker said talks with the House will start "very soon" and he feels confident they will be able to pass the legislation, as Congress has annually since 1961.
Chinese tech entrepreneurs keen to de-China as tensions with US soar
Amid escalating US-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant Huawei, some Chinese firms began setting up headquarters overseas - moves that could help them draw less US government attention
US, Microsoft reach settlement over tech firm's sanctions violations
Microsoft has agreed to remit about $3 million to settle its potential civil liability for more than 1,300 apparent sanctions violations in relation to restrictions on Cuba, Iran, Syria and Russia involving the export of services or software from the US to sanctioned jurisdictions, the US Treasury Department said in a statement.
No economic 'knockout' yet from West's sanctions on Russia
Russia is now the world's most heavily sanctioned country, according to U.S. officials. The ruble did in fact take a temporary dive and has been slipping again in recent months. But as the war nears its one-year mark, it's clear the sanctions didn't pack the instantaneous punch that many had hoped.
Russia-Ukraine War: US slaps sanctions on Chinese space science firm for helping mercenary Wagner Group
The US has slapped sanctions on Chinese firm for helping mercenary Wagner Group against Ukraine.
Why has US imposed Iran-related sanctions on Indian company?
According to a Department of the Treasury statement, the India-based petrochemical business Tibalaji Petrochem Private Limited has acquired millions of dollars in Triliance-brokered petrochemical goods, including methanol and base oil, for onward shipping to China.
Load More
