China stuck to its stance on the future of TikTok in the US on Saturday, a day after President Donald Trump said a deal to switch short video app TikTok to US-controlled ownership was progressing. “China’s position on TikTok is clear: The Chinese government respects the wishes of the enterprise, and welcomes it to carry…
On Friday, local time, US President Donald Trump signed a proclamation requiring a $US100,000 ($150,000) annual visa fee for highly-skilled foreign workers. He also signed an executive order to roll out new $US1 million “gold card” visas, offering a potential pathway to US citizenship for wealthy foreigners. These eye-watering price hikes will boost the cost…
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet in Madrid next week, keeping alive high-level talks on trade, security and economic flashpoints, both Washington and Beijing confirmed on Friday. The talks will run for four days, starting on Sunday, according to China’s Commerce Ministry. “The two sides will…
Gov. Arnold I. Palacios speaks during a press conference on Capital Hill. File photo by Emmanuel T. Erediano GOVERNOR Arnold I. Palacios believes the U.S. Congress will approve his request to “repurpose” the unspent $414 million in pandemic funds for the CNMI’s economic recovery and development. “I’d be very surprised if Congress says no,” Palacios…
U.S. Congresswoman Kimberlyn King-Hinds said she will introduce a bill for a $400 million federal bailout as requested by Gov. Arnold I. Palacios. But in a press conference on Thursday, the governor said he was not asking for a bailout, but for “repurposing” a total of $414 million in Pandemic Unemployment Assistance and Federal Pandemic…
US technology firms have been racing to adopt the latest artificial intelligence (AI) reasoning model from Chinese start-up DeepSeek despite increasing global scrutiny of the Hangzhou-based company, which claims it can develop industry-leading models at a fraction of the usual cost. Top chip designer Nvidia has made DeepSeek’s R1 model available to users of its…
2025-01-31T06:51:43+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Congressional offices in the US have received formal warnings from the Office of the Administrative Officers in the House of Representatives advising against using the Chinese-developed AI application, DeepSeek, Axios reported. The cautionary memo, which was distributed to legislative offices, clarified that DeepSeek is still…
The US Congress should investigate China’s purchases of Iranian oil in the past five years, a top US advisory panel on China has urged, with Tehran looming as a larger issue in the next Trump presidency. In an annual report covering nearly every aspect of the bilateral relationship, the US-China Economic and Security Review Commission…
He is coming into office with the unreserved support of the world’s richest man, according to the Bloomberg Billionaires Index – tech mogul Elon Musk – who has just been named to lead a new department of efficiency. The massive power Trump now wields has sent shock waves across the US and around the world….
Chinese President Xi Jinping made a detailed pitch for globalisation, liberalised trade and shared economic growth on the Asia-Pacific Economic Cooperation’s sidelines in Peru on Friday, drawing a sharp contrast with the US as it turns increasingly inward. While Donald Trump was not mentioned by name in the 20-minute speech delivered at the CEO summit,…