Business

Biden unveils almost $20 bn for Intel to boost US chip production

US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants—his administration's biggest investment yet in the sector as he takes on China's chip dominance and ...

Business

US Senate declines to fast-track TikTok bill

A bill that would force the sale of TikTok from its Chinese owners or see it banned in the United States will move cautiously in the US Senate, key lawmakers said, after it sailed through the House.

Business

China blasts US TikTok vote as buyout plan emerges

China blasted Washington's "bandit" mentality Thursday after the US House passed a bill that would ban TikTok unless it splits from its Chinese owner, as former Trump treasury secretary Steve Mnuchin said he is preparing ...

Business

Australia PM rules out US-style TikTok ban

Australia's prime minister said Thursday his government has no plan to copy a move by US legislators to ban TikTok unless it agrees to divest from its Chinese owner.

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