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Tag: US

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US launches probe into legacy Chinese chips

The United States launched a probe into legacy Chinese semiconductors, affecting products from cars to defense systems. The Section 301 investigation will examine China’s policies and practices regarding the production of silicon carbide substrates and other wafers used in semiconductor fabrication, according to the White House. Washington’s probe aims to assess U.S. dependence on legacy […]

News

US sanctions disrupt Iran-China oil trade

The United States has expanded sanctions on tankers transporting Iranian crude, disrupting the flow of oil to China, Iran’s largest customer. The transport of Iranian crude to China generally involves two stages: first, sanctioned or Iranian-owned tankers load oil at Iranian terminals and travel to a midway point in Southeast Asia, often near Malaysia, where […]

White House leads TikTok acquisition deal
News

US will ‘trample’ free speech with TikTok ban, says app

TikTok has reiterated its concerns regarding freedom of speech in response to a bill approved by the House of Representatives, aiming to prohibit the popular social media platform in the U.S. unless its Chinese owner, ByteDance, divests its stake within a year. The House passed the legislation on Saturday with a significant margin of 360 […]

Tinubu woos American investors
Business

Tinubu woos American investors

    President Bola Tinubu has informed potential investors that Nigeria offers a unique mix of prospects that they would not find anywhere else. He also advised them not to be deterred by negative narratives spread by various sectors. “Nigeria is an opportunity that is impossible to replicate or find elsewhere in any part of […]

News

Spain hits Apple, Amazon with €194m antitrust fine

The US digital behemoths Amazon and Apple were fined a combined sum of 194 million euros ($218 million) by Spain’s antitrust watchdog on Tuesday for colluding in the selling of goods. The regulator stated in a statement that the two companies had agreed to prohibit the selling of Apple items on Amazon’s Spanish websites by […]

US schools deploy robots as security
News

US schools deploy robots as security

Alex Omenye Some schools in the US have started deploying robots to secure the campus against intruders. The Santa Fe High School in New Mexico is one of the first US schools to test an autonomous robot that employs artificial intelligence to learn the routes around the campus and the regular hours of activity, according […]

US arrests Chinese tycoon Wengui over $1bn fraud
News

US arrests Chinese tycoon Wengui over $1bn fraud

  US authorities have accused a New York-based Chinese property tycoon, Guo Wengui of a billion-dollar fraud. BBC reported that Wengui and one of his business partners, Kin Ming Je, were charged for wire fraud, securities fraud, bank fraud and money laundering. Mr Guo is known to be an associate of ex-White House chief strategist […]

US adds over 500,000 jobs despite global workforce reduction
News

US adds over 500,000 jobs despite global workforce reduction

  By Christian George Despite the increasing slashing of workforce globally, US employers added 517,000 in January. A report on Friday has it that unemployment and redundancy has reduced while employment peaked despite economists forecast of recession around the corner. The surge in demand for workers has helped in increasing wages and contributed to inflation. […]

Business

White House slashes credit card fees, app charges

Oluwanifemi Ojo   The Executive Office of the President of the United States has announced its plans to reduce charges on credit card late fees and slash the prices charged on mobile app stores by Apple and Alphabet, Google parent company. White House officials said the effort to slash these charges is part of a […]

Business featured

US, Africa sign MoU to foster trade

The United States Chamber of Commerce’s, Africa Business Center and the African Continental Free Trade Area Secretariat have signed a Memorandum of Understanding (MoU) today to form a working group to promote trade and investment between the United States and Africa, The MoU is also in the bid to reaffirm the private sector’s commitment to […]

Terrorism: US slams $778m fine on Lafarge
News

Terrorism: US slams $778m fine on Lafarge

The United States Government has slammed a heavy fine around the tune of $778m on French cement giant Lafarge. According to the US Justice Department said on Tuesday, Lafarge had admitted to providing material support to Islamic State and other terror groups during the Syrian civil war. The Justice Department has called Lafarge’s decision to […]

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