Joe Biden


Biden names top critic of Big Tech to important antitrust position

Biden names top critic of Big Tech to important antitrust position

(ATF) The US moved a step closer to reining in Big Tech companies on March 22 with the nomination of another prominent critic for a key regulatory post.President Joe Biden named academic Lina Khan – who advocates breaking up the largest technology conglomerates – to the Federal Trade Commission (FTC), …

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Don't cause a stink, Kim Jong Un's sister warns US

Don't cause a stink, Kim Jong Un's sister warns US

(ATF) The powerful sister of North Korean leader Kim Jong Un has warned the US against creating a "gunpowder smell" in the region if it wants peace with the Pyongyang regime, state media said on March 16.The statement came a day before Antony Blinken, US Secretary of State, and Lloyd …

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China, US trade associations team up for dialogue on chips

China, US trade associations team up for dialogue on chips

(ATF) Chip stocks have rallied since China’s major trade association for the sector said it will set up a working group with its US-based counterpart, as analysts expect the tie-up to help fill a gap for dialogue as US President Joe Biden has shown no sign yet that he wants …

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GM calls for tax credit extension to boost US electric car sales

GM calls for tax credit extension to boost US electric car sales

(ATF) The head of General Motors has called on Washington to extend tax credits for electric vehicle (EV) manufacturing and supply chains and create more incentives for drivers to buy alternative energy cars.Mark Reuss, GM president, also asked Joe Biden's administration to finance more charging stations. "2021 is the tipping …

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Ukraine nationalises engine maker majority-owned by Chinese firm

Ukraine nationalises engine maker majority-owned by Chinese firm

(ATF) Ukraine said on March 11 that it would nationalise an aircraft engine manufacturer majority-owned by Chinese companies.The move to reclaim Motor Sich will raise tensions with Beijing as Kyiv has backed the US, which recently blacklisted the main Chinese investor, Skyrizon Aviation."The decision has been taken to return Motor …

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US-China meeting set for Alaska but thaw in relations unlikely

US-China meeting set for Alaska but thaw in relations unlikely

(ATF) US and Chinese officials will on March 18 stage their first high-level meeting since Joe Biden was elected when Secretary of State Antony Blinken and Beijing's top diplomat Yang Jiechi hold face-to-face talks in Alaska.The White House said on March 10 that Blinken and Yang would meet as the …

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China economic blueprint signals more coal investment

China economic blueprint signals more coal investment

(ATF) UN Secretary General Antonio Guterres called last week for all countries to cancel planned coal projects, saying the world must end its deadly addiction to carbon. Phasing out coal from the electricity sector, he said, was the single most important step to tackle the climate crisis. "I am calling …

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Biden ‘just as confrontational as Trump’ claims China state media 

Biden ‘just as confrontational as Trump’ claims China state media 

China state media has accused new US President Joe Biden of adopting the same ‘confrontational approach’ of his predecessor and said there’s little optimism for any improvement in Sino-American relations.Although Biden’s hand of friendship on issues like climate change had been welcomed, his remarks on trade and Taiwan echoed those …

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Sustainable finance gets a big boost from green stimulus

Sustainable finance gets a big boost from green stimulus

(ATF) The coronavirus pandemic has triggered a scramble for responsible investing but has also underlined the need for vigilance against 'greenwashing' – unproven claims that a company's products are environmentally friendly.Sustainable finance bonds issued in 2020 totalled over US$544 billion – more than double issuance levels during full year 2019 …

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Beijing trips on its misguided energy build-out policy

Beijing trips on its misguided energy build-out policy 

(ATF) Beijing has been caught in its own political cross-hairs. Last year, during the worst of the Covid-19 crisis, China approved a near-record number of new coal power plants to help numerous provincial governments weather the economic impact of the pandemic.However, seemingly in contradiction of that build-out mandate, which had …

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