HONG KONG (Reuters) – Macau, the world’s biggest gambling hub, needs to diversify its economy and make greater efforts to safeguard national security, the Macau government quoted a top Chinese official as saying. The directives were part of six requirements laid out by Xia Baolong, the director of China’s Hong Kong and Macau Affairs Office,…
WASHINGTON (Reuters) – The Chinese government’s recent ban on U.S. chipmaker Micron Technology over security concerns is “not based in fact,” the White House said on Tuesday. The Biden administration is troubled by Beijing’s recent actions and by raids targeting American firms, White House press secretary Karine Jean-Pierre told reporters. The White House is communicating…
By Stephen Nellis and Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department should put trade curbs on Chinese memory chip maker Changxin Memory Technologies (CXMT) after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on Tuesday….
(Reuters) – Global Net Lease Inc will acquire Necessity Retail REIT Inc in an all-stock deal that would value the combined entity at about $950 million, the companies said late on Tuesday. The shareholders of Necessity Retail REIT would receive 0.670 shares of Global Net Lease (GNL) for each Necessity share held, representing a total…
By Arlene Washington LOS ANGELES (Reuters) – Hollywood should portray safer use of guns in television and film at a time of rampant gun violence in the United States, USC Annenberg’s Norman Lear Center for Hollywood, Health and Society said in a report released on Tuesday. “Trigger Warning: Gun Guidelines for the Media” encompasses more…
(Reuters) – The New York Times Guild said on Tuesday that it has tentatively struck a new contract agreement with the New York Times marking the end of more than two years of negotiations. The deal, if ratified, will raise the median salary of a NewsGuild member to $136,220 and to $160,011 for reporters and…
By David Shepardson WASHINGTON (Reuters) – The U.S. House of Representatives voted 221 to 203 on Tuesday to overturn Environmental Protection Agency (EPA) rules that aim to drastically cut smog- and soot-forming emissions from heavy-duty trucks. The White House said President Joe Biden would veto the measure that now goes to his desk after being…
By Lisa Richwine and Dawn Chmielewski (Reuters) -Netflix Inc on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households. The streaming video pioneer has been looking for new ways to make money as…
By Andrew Osborn (Reuters) -The Russian military said on Tuesday it had routed militants who attacked a Russian border region with armoured vehicles the previous day, killing more than 70 “Ukrainian nationalists” and pushing the remainder back into Ukraine. In what appeared to be one of the biggest incursions from Ukraine since the war began…
(Reuters) -UBS Group AG said on Tuesday it was in negotiations with Swiss authorities about loss protections related to its takeover of Credit Suisse Group AG and its regulatory capital requirements. The disclosure underscores how some aspects of the tie-up between the two banks, arranged hastily over a weekend in mid-March by the Swiss government…
