President Joe Biden signed an executive order Wednesday meant to address a global chip shortage impacting industries ranging from medical supplies to electric vehicles. From a report: The order includes a 100-day review of key products including semiconductors and advanced batteries used in electric vehicles, followed by a broader, long-term review of six sectors of the economy. The long-term review will…
Tag: executive order
Biden To Order Review of US Reliance on Overseas Supply Chains For Semiconductors, Rare Earths
President Joe Biden will direct his administration to conduct a review of key U.S. supply chains including semiconductors, high-capacity batteries, medical supplies and rare earth metals. From a report: The assessment, which will be led by members of both Biden’s economic and national security teams, will analyze the “resiliency and capacity of the American manufacturing supply chains and defense industrial base…
Biden Team Pledges Aggressive Steps To Address Chip Shortage
The Biden administration is working to address the global semiconductor shortage that has caused production halts in U.S. industries including autos, White House Press Secretary Jen Psaki said. From a report: The administration is identifying choke points in supply chains and discussing an immediate path forward with businesses and trading partners, Psaki told reporters at the White House on Thursday. In…
GM Will Sell Only Zero-Emission Vehicles By 2035
An anonymous reader quotes a report from The New York Times: General Motors said Thursday it would phase out petroleum-powered cars and trucks and sell only vehicles that have zero tailpipe emissions by 2035, a seismic shift by one of the world’s largest automakers that makes billions of dollars today from gas-guzzling pickup trucks and sport-utility vehicles. The announcement could put…
Biden Rejoins Paris Climate Accord, Works To Overturn Trump’s Climate Policies
During his first moments in the Oval Office on Wednesday, President Biden returned the United States to the Paris climate accord and directed federal agencies to begin unraveling Donald Trump’s environmental policies. The Washington Post reports: Biden’s executive order recommitting the United States to the international struggle to slow global warming fulfilled a campaign promise and represented a stark repudiation of…
Trump Seeks To Curb Foreign Cyber Meddling on Last Day in Office
Outgoing President Donald Trump has signed an executive order aimed at thwarting foreign use of cloud computing products for malicious cyber operations against the United States, the White House said on Tuesday, Trump’s last full day in office. From a report: The order, first reported by Reuters, gives the Commerce Department authority to write rules to bar transactions with foreigners in…
US Bans WeChat Pay, Alipay and Six More Chinese Payment Apps
The Trump administration says that Chinese payment apps, including WeChat Pay, are a threat to national security. By Executive Order, all US transactions with these apps must cease within 45 days. AppleInsider reports: President Trump has issued an Executive Order banning US transactions with a range of Chinese payment platform apps from February 18, 2021. The order says this “aggressive action”…
NYSE Abruptly Reverses Plan To Delist Three Chinese Telecoms
The New York Stock Exchange has abruptly reversed plans to delist three major Chinese telecommunications companies after consulting regulators about an investment ban ordered by President Donald Trump. From a report: Coming days before the companies were to be delisted — and just over two weeks before Trump is to leave the White House — the U-turn avoids a step that…
Amazon To Expand Its Childhood-To-Career CS Program To India Later This Year
theodp writes: According to an Amazon job listing for a contract position, the e-tailer is seeking a lead for a new Amazon Future Engineer program in India that’s set to launch in 2021. “The initial research for Amazon Future Engineer in India,” Amazon explains, “is currently underway and we look to the chosen candidate to dive deep into operationalizing the program…
NYSE To Delist Chinese Telco Giants on US Executive Order
The New York Stock Exchange said it will delist three Chinese companies to comply with a U.S. executive order that imposed restrictions on companies that were identified as affiliated with the Chinese military. From a report: China Mobile, China Telecom, China Unicom Hong Kong will be delisted between Jan. 7 and Jan. 11, according to a statement by the exchange.
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