US Tech Companies Blocked from Constructing in China for 10 Years; Microsoft Backs Kalanick’s CloudKitchens

In as we speak’s ExchangeWire information digest: the US bans tech companies from constructing in China for the subsequent 10 Years; Microsoft backs controversial entrepreneur Travis Kalanick’s CloudKitchens startup; and tech companies in South-east Asia launch the area’s first anti-counterfeit consortium.


US bars tech companies from constructing services in China

American Tech firms in receipt of federal funding might be unable to construct “superior expertise” services in China for the subsequent decade, in response to the Biden administration.

The ban falls below the US authorities’s USD$50bn (£43bn) plan to bolster the nation’s semiconductor trade because the nation struggles in opposition

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UK factories plan price hikes; IMF backs support over energy prices – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

UK government borrowing fell in December thanks to a rise in tax receipts, despite a jump in the cost of repaying the national debt.

Public sector net borrowing, excluding state banks, dropped to £16.8bn last month, less than expected. That’s £7.6bn less than in December 2020, as the economy recovers from the impact of the pandemic.

It’s the fourth-highest December borrowing since monthly records began in 1993 (the UK borrowed more in both December 2009 and 2010 during the economic downturn

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Matt Gaetz Backs Newt Gingrich’s Menace to Punish Jan. 6 Investigators

Fox News

Fox Information

Embattled MAGA congressman Matt Gaetz enthusiastically endorsed former Home Speaker Newt Gingrich’s suggestion to jail members of the Jan. 6 Home committee, telling ex-Trump strategist Steve Bannon on Monday that “Newt’s proper” and Republicans shouldn’t be “limp-wristed.”

Gingrich, the once-powerful Capitol Hill lawmaker turned bomb-throwing pundit, sparked outrage on Sunday when he argued on Fox Information that lawmakers on the Home choose committee investigating the Jan. 6 riot may face arrest if Republicans take over Congress subsequent 12 months.

“I feel when you’ve gotten a Republican Congress, that is all going to come back crashing down,” the Fox

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UK court docket backs Meghan in dispute over privateness with writer

LONDON (AP) — The Duchess of Sussex received the most recent stage in her privateness lawsuit in opposition to a British newspaper on Thursday, when three senior judges dominated its writer breached her privateness by reproducing components of a letter she wrote to her estranged father.

The duchess formally often called American actress Meghan Markle mentioned the Courtroom of Attraction ruling was a victory of “proper versus unsuitable.” She issued a name to “reshape a tabloid trade” that has lengthy been the bane of each celebrities and British royals.

Shedding claimant Related Newspapers mentioned it was contemplating an attraction to

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