The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for supporting Russia’s war effort in Ukraine. The action, one day before the second anniversary of Russia’s invasion of Ukraine, essentially bans U.S. shipments to the targeted...
A key US lawmaker is urging the Commerce Department to consider trade restrictions on Abu Dhabi artificial intelligence firm Group 42 Holdings over its ties to China. House China Select Committee Chairman Mike Gallagher, a Republican from Wisconsin, raised concerns about G42’s relationships with blacklisted Chinese companies including Huawei Technologies Co. and Beijing Genomics Institute, as well as risks to research...
American spy agencies have warned about the Emirati firm G42 and its work with large Chinese companies that U.S. officials consider security threats. By Mark Mazzetti and Edward Wong Mark Mazzetti, an investigative reporter focusing on global intelligence, and Edward Wong, a diplomatic correspondent and former Beijing bureau chief, have reported together on Middle East...
“Things can only get better” felt like the anthem for the 1990s. Released in 1993, four years after the fall of the Berlin wall, the song was the perfect soundtrack for a decade in which apartheid ended, democracy came to eastern Europe, peace came to Northern Ireland and the Oslo accords promised an end to...
Al Gore, the former US vice president turned climate crusader, says Big Oil and the banks backing it still have huge financial incentives to stick with fossil fuels, even though their decision to do so is the leading cause of the climate crisis. Bankers “are profiting hugely” from their role as lenders and advisers to...
US national security officials are scrutinising an Abu Dhabi sovereign wealth fund’s planned $3bn takeover of New York-based Fortress Investment Group amid concerns in Washington over the United Arab Emirates’ ties to China, people close to the situation told the Financial Times. The review by the Committee on Foreign Investment in the United States, an...
The fabric of America’s strategic ties to the Gulf region is fraying. The leader of its most consequential nation, Saudi Arabia, has essentially told the Biden administration with regard to oil supply, arms sales or nuclear power, “If you want to work with me fine, but if not, there are others who will.” Less visible but hardly...