US-Norway spat over wealth fund's Caterpillar exit is settling, foreign minister says

US-Norway spat over wealth fund’s Caterpillar exit is settling, foreign minister says

By John Irish and Gwladys Fouche UNITED NATIONS/OSLO (Reuters) -A spat between the United States and Norway over the Nordic country’s wealth fund’s divestment from U.S. construction equipment-maker Caterpillar appears to be coming to an end, Norwegian Foreign Minister Espen Barth Eide said. Washington and Oslo have been at odds over the decision by Norway’s…

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Reuters

US weighs annual China chip supply approvals for Samsung, Hynix, Bloomberg News reports

(Fixes typographical error in headline) (Reuters) – The United States is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics and SK Hynix’s China-based factories, Bloomberg News reported on Monday. Officials in the U.S. Commerce Department last week presented to Korean counterparts a “site license” idea to supplant indefinite authorizations the chipmakers secured…

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China calls for global AI centre to reverse ‘fragmented trend’ as US tech rivalry deepens

China calls for global AI centre to reverse ‘fragmented trend’ as US tech rivalry deepens

Chinese Premier Li Qiang has called for the establishment of an international centre to better coordinate global cooperation on artificial intelligence (AI) and address the current “fragmented trend”. The move comes as China looks to expand its influence in the new but rapidly evolving sector amid a bitter tech competition with the United States. Opening…

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