Washington — China and Russia agreed to expand their economic cooperation using a planned banking system, which analysts say is aimed at supporting their militaries and undermining U.S.-led global order. The two countries issued a joint communiqué agreeing “to strengthen and develop the payment and settlement infrastructure,” including “opening corresponding accounts and establishing branches and
AMSTERDAM — Semiconductor industry group SEMI Europe called on the European Union on Monday to place as few restrictions as possible on outbound investment in foreign computer chip technology by companies based in the bloc. Proposals to screen outbound investment — European capital being invested in foreign semiconductor, AI and biotechnology companies — are being
Texas Governor Greg Abbott (left) signed the Lone Star Infrastructure Protection Act in June 2021. The bill was sponsored by Texas Sen. Donna Campbell (right). Here the two are pictured together during an anti-abortion rally at the Texas Capitol, Monday, July 8, 2013, in Austin, Texas. (AP Photo/Eric Gay) Copyright 2013 AP. All rights reserved.
Beijing: After prolonged dithering, China has finally announced steps to address the near collapse of its mammoth property sector by allocating billions of dollars to buy back unsold homes and repurchase idle lands to resurrect its bankrupt real estate sector, which once constituted the mainstay of its economic growth. The People’s Bank of China has