The Budding “Coal War” Between US And Saudi Arabia
What used to be a strategic alliance is fast becoming a sour tinderbox for a trade–or even worse, physical–war between the United States and the Kingdom of Saudi Arabia. The situation was aggravated by the latest decision of Saudi-led OPEC+ to cut oil production by 2 million barrels per day come November, which amounts to […]
US Energy Department Announces List Of Battery Manufacturing Firms Selected For US$2.8 Billion Grant
Twenty-one projects will share the earmarked US$2.8 billion budget to support battery manufacturing firms, according to the Department of Energy’s Manufacturing and Energy Supply Chains division. “Today, President [Joe] Biden is announcing that the Department of Energy is awarding US$2.8 billion in grants from the Bipartisan Infrastructure Law to 20 manufacturing and processing companies for […]
Why Is Intel Launching Self-Driving Tech Mobileye’s IPO At A Discount?
Mobileye Global Inc., Intel’s (Nasdaq: INTC) self-driving technology company, is aiming for a public offering valuation of around $16 billion, significantly lower than its earlier objective in the midst of a difficult year for new listings. According to a statement with the US Securities and Exchange Commission on Tuesday, the company intends to sell 41 […]
New Survey Shows Canadians Pretty Much Resent Each Other
A new poll by the Institute for Research on Public Policy (IRPP) Centre of Excellence on the Canadian Federation reveals that Canadians in every province are resentful about their province’s place in the federation — and it shows that some, particularly Saskatchewan, are more resentful than others. IRPP created a ‘resentment index’ by putting together […]
ByteDance Plans To Use TikTok To Surveil American Citizens — Forbes
ByteDance’s Internal Audit and Risk Control planned to utilize the TikTok app to monitor the personal location of some particular American individuals. The team’s primary responsibility is to investigate potential misbehavior by current and former ByteDance employees. However, according to materials reviewed by Forbes, the Internal Audit team planned to acquire TikTok data about the […]
Steve Bannon Handed 4-Month Sentence for Contempt of Congress
Former Donald Trump strategist Steve Bannon was sentenced to four months imprisonment, after a judge ruled he was found in contempt of Congress related to the House select committee’s investigation of the January 6 Capitol riots. “The sentence I am imposing reflects the fact that there can be more culpable ways to be in contempt […]
China Meets Semiconductor Firms To Assess Damage Of US Export Controls
After shooting a warning that the new set of US export control regulations will hamper the global supply chain, Chinese chip manufacturers have reportedly been summoned by the Ministry of Industry and Information Technology (MIIT). The country’s top technology regulator convened executives from firms including Yangtze Memory Technologies Co. and supercomputer specialist Dawning Information Industry Co. […]
Mark Zuckerberg Announces Plans To Make Metaverse Maybe More Useful In The Workplace
Meta Platforms Inc (NASDAQ: META) chief Mark Zuckerberg has a solution to address proximity bias in the workplace and it sounds about as baffling as investing $10 billion in building the metaverse. At the Meta Connect 2022 event last week, Zuckerberg introduced new features to Meta Horizon Workrooms, the platform’s virtual reality space “for teams […]
‘Now He’s Awake’: Biden Admin Mulls Subjecting Elon Musk Deals To National Security Reviews
Almost one year ago, Elon Musk took a jab at US President Joe Biden, who had yet to make a statement following the safe return of the Crew Dragon spacecraft from orbit, saying the US leader is “still sleeping.” Now, it seems he’s awake. According to people familiar with the situation, Biden administration officials are […]
US Navy: China Could Invade Taiwan Before End of Year
The US Navy has heightened the alarm over a potential China invasion of Taiwan, this time warning such an attack could happen much sooner than previously expected. According to chief of US naval operations Admiral Michael Gilday, the US needs to expedite preparations for a potential overtaking of Taiwan, particularly after President Xi Jinping’s renewed […]