China curbs exports of drone equipment amid U.S. tech tension

BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard “national security and interests” amid escalating tension with the United States over access to technology. The restrictions on equipment, including some drone engines, lasers, communication equipment and anti-drone systems, will take effect on Sept. 1, the…

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US reviews record number of foreign investment transactions in 2022

By David Shepardson WASHINGTON (Reuters) – A U.S. government committee on foreign investments reviewed a record number of proposed transactions in 2022, the Treasury Department said Monday. The Committee on Foreign Investment in the United States (CFIUS) said in its annual report it had reviewed 286 “covered notices” for transaction approvals last year, up from…

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‘The Russians were waiting for us’: Ukraine troops describe tougher fight than expected

By Vladyslav Smilianets SOUTHERN DONETSK PROVINCE, Ukraine (Reuters) – They rode into a kill zone. The timing was off. Many men were lost. In the end, they recaptured the ruined village of Staromaiorske, claiming Ukraine’s biggest advance for weeks. Troops at the spearhead of Ukraine’s counteroffensive say a battle last week along the front in…

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