Tag: All Regions

New DOJ/Commerce ‘Disruptive Technology Strike Force’

The strike force’s goal is to “…protect U.S. national security by preventing …sensitive technologies from being used for malign purposes” by “nation-state adversaries” such as China, Iran, Russia, and North Korea. The “sensitive technologies” at issue include supercomputing and “exascale” computing, quantum computing, biosciences, and, of course, artificial intelligence.

This development reflects the Administration’s continuing focus on using export control policy and enforcement to advance its national security priorities—of which economic security has become a key subset. The Administration has used the Foreign Direct Product Rule and coordinated its use, particularly regarding advanced semiconductor technology and related tooling, among its allies and partners outside of the traditional multilateral frameworks.  This is yet another example of how the Administration has scaled-up its use of export controls to generate desired outcomes in the areas of technology security and economic competitiveness – both national security priorities – vis-à-vis, in particular, China. The creation of the Disruptive Technologies Strike Force is the latest step by the Administration toward institutionalizing a “whole of government” approach to its novel use of export control policy and enforcement to counter this geopolitical rival.  

China replies to US rumor that it is planning to help Russia: “Stop deflecting the blame and spreading disinformation;” Zelenskyy escalates with talk of world war

US Secretary of State Antony Blinken spoke to CBS television on Sunday of information that China was “considering providing lethal support” to Russia. When asked what he meant by that, Blinken replied, “Weapons, primarily weapons.”

Belarus, Russian Ally, to form volunteer military force

Belarusian President Alexander Lukashenko said on Monday he had ordered the formation of a new volunteer territorial defense so everyone knows how to “handle weapons” and be ready to respond to an act of aggression and keep public order in peacetime.

Drought in Horn of Africa worse than in 2011 famine

Below-normal rainfall is expected over the next three months in parts of Somalia, Kenya and Ethiopia.

Starbucks CEO Howard Schultz declines to testify in Bernie Sanders hearing

“If Mr. Schultz believes that a multibillion-dollar corporation like Starbucks can break federal labor law with impunity, he is mistaken,” Sanders said.

Jordan Chariton interview: Erin Brockovich Furious Over East Palestine Ohio Train Explosion, Government Response

 

Judge Bans Starbucks From Firing Union Supporters

A nationwide injunction restrains the company from dismissing labor organizers and could help reinstate ousted workers more quickly. A federal judge in Michigan issued an injunction on Friday banning Starbucks from firing U.S. workers because they seek to form a union or engage in other collective activities. The move is the first nationwide judicial mandate related to the labor campaign that has led to the unionization of more than 275 company-owned Starbucks stores in little more than a year. Starbucks…

KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence

KPMG has settled a £1.3bn lawsuit brought by Carillion’s liquidators, who claimed the auditor was negligent and missed serious red flags in the outsourcing firm’s accounts ahead of its disastrous collapse in 2018. The lawsuit – which related to audits of Carillion accounts between 2014 and 2016 – had been launched by Britain’s official receiver, which is attempting to recoup losses on behalf of Carillion’s creditors which are owed money by the failed company. Those creditors include the UK tax…

Bayer: Supreme Court rules Bayer must return $252 mln in Roundup royalties

SAO PAULO, Feb 17 (Reuters) – Germany’s Bayer has been ordered by Brazil’s Supreme Court to return to Brazilian soybean farmers the royalties they were charged for a GMO soybean seed, the Mato Grosso farmer lobby Aprosoja-MT said in a statement on Friday. The Feb. 13 ruling by Supreme Court Justice Nunes Marques relates to a GMO technology commercially known as Intacta RR2 Pro, created by Monsanto, which was later acquired by Germany’s Bayer. Bayer said in a statement it…

Vivint Smart Home Inc: $189.7 million verdict for multiple illegal acts, misconduct

Home security provider Vivint Smart Home Inc owes rival CPI Security Systems Inc $189.7 million for tricking its customers into moving to Vivint’s service, a North Carolina jury decided Friday. The federal jury in Charlotte found Vivint sales representatives unlawfully deceived CPI customers into signing contracts with Vivint by falsely claiming that Vivint had bought the company. The jury said Provo, Utah-based Vivint violated federal trademark law, competed unfairly with CPI, interfered with CPI contracts and committed other misconduct. A…

Former Defence Minister Linda Reynolds breaks silence on “political hit job” designed to bring down Morrison government

Former Defence Minister Linda Reynolds has broken her two-year silence, saying she has “a very different story” to tell about the Brittany Higgins rape scandal. The former Liberal cabinet minister was Ms Higgins’ boss when the political staffer alleges she was raped in Parliament House in 2019. In a four-hour interview with The Weekend Australian, Senator Reynolds claimed to be the victim of a “political hit job” designed to bring down both her and the former Morrison government. Senator Reynolds…

Crypto exchange Binance pulls back on some US investments

Binance is considering ending business relationships with banks and services firms amid heightened scrutiny.

India accuses BBC of tax evasion after searching offices

Critics questioned the timing of the searches, which came after BBC aired show critical of Prime Minister Narendra Modi.

Credit company Jaracanda Finance hit with infringement notices over its repayment calculator

  A Brisbane-based digital lender has been slapped with two infringement notices by ASIC for its false and misleading repayment estimate calculator. The corporate watchdog took action against Jaracanda Finance, which offered loans up to $15,000, typically for 12 to 36 months, because it was concerned that the credit licensee’s repayment estimate calculator: used an annual percentage rate that was significantly less than the rate that applied to most consumers who entered a credit contract with Jacaranda, and was advertising…

Wave of raids, arrests target government critics in Tunisia

The crackdown on opponents of President Saied has sparked international criticism and fears of a return to autocracy.

North Korea fires ballistic missile, South Korean military says

Saturday’s move by North Korea comes ahead of upcoming US-South Korea joint drills in Washington next week.