Technology
PoliticsReutersU.S. chip bans not meant to hobble China's growth, Blinken says
U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday. Since 2022, U.S. officials have imposed sweeping controls on which computing chips can be exported to China, cutting off some sales from Nvidia, Advanced Micro Devices and Intel, among others.
BusinessReutersL3Harris cuts 5% workforce in cost-saving measure
The announcement confirms a Reuters report from Tuesday which said the company would cut 5% of its workforce this year, citing an email sent to employees. Though U.S. defense contractors are seeing a notable increase in orders amid conflicts in the Middle East and between Russia and Ukraine, they continue to face headwinds from supply chain and labor disruption stemming from the pandemic, impairing margins.
BusinessBloombergTikTok, ByteDance US General Counsel Andersen to Exit Role
(Bloomberg) -- Erich Andersen, the US-based general counsel for TikTok and its Chinese parent company ByteDance Ltd., is stepping down from that role, the social media app said.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ross Believes in South Florida—