• chevron_right

      US reimposes sanctions on Venezuela as hope for democracy crumbles

      news.movim.eu / TheGuardian · Wednesday, 17 April - 22:06

    Relief had been granted after president Nicolás Maduro promised to hold free and fair elections this year

    The Biden administration has reimposed crushing oil sanctions on Venezuela, admonishing the president Nicolás Maduro ’s attempts to consolidate his rule just six months after the US eased restrictions in a bid to support now fading hopes for a democratic opening in the Opec nation.

    A senior US official, discussing the decision with reporters, said any US company investing in Venezuela would have 45 days to wind down operations to avoid adding uncertainty to global energy markets. The official spoke on the condition of anonymity to discuss US policy deliberations.

    Continue reading...
    • chevron_right

      Biden to triple taxes on Chinese steel and block Japanese takeover of US Steel

      news.movim.eu / TheGuardian · Wednesday, 17 April - 21:51

    President touted plan during speech on Wednesday in Pennsylvania, where union support could prove crucial

    Joe Biden announced plans to triple tariffs on Chinese steel and aluminum and promised to block the acquisition of US Steel by a Japanese company during a speech to steelworkers on Wednesday in the battleground state of Pennsylvania, where union support could prove crucial in the November general election.

    Biden touted the plan during a visit to the United Steelworkers union headquarters in Pittsburgh, the heart of the American steel industry, where he said “the backbone of America has a steel spine” and promised to keep US Steel as a “totally American-owned, American-operated” company.

    Continue reading...
    • chevron_right

      Biden returns to White House at short notice amid Israel-Iran tension

      news.movim.eu / TheGuardian · Saturday, 13 April - 16:51


    US president was to spend weekend in Delaware but on Saturday returned to Washington to consult with national security team

    The White House announced early on Saturday afternoon that Joe Biden is returning to Washington from out of town “to consult with his national security team about events in the Middle East” amid heightened tension between Israel and Iran.

    The US president had been due to spend the weekend in Delaware at his beach residence but on Saturday set off at short notice to return to the White House.

    Continue reading...
    • chevron_right

      Biden races to commit billions to climate action as election looms

      news.movim.eu / TheGuardian · Thursday, 11 April - 10:00

    Biden administration hopes funding will spur enduring cuts to planet-heating emissions no matter who is in White House

    Amid rising global temperatures and a looming election against an opponent who has indicated he will gut his climate policies, Joe Biden’s administration is shoveling billions of dollars into efforts it hopes will spur enduring cuts to planet-heating emissions, no matter the occupant of the White House.

    In recent weeks, large tracts of funding has been announced by the administration to help overcome some of the thorniest and esoteric challenges the world faces in driving down carbon pollution, seeding the promise of everything from the advent of zero-emissions concrete to low-pollution food production , including mac and cheese and ice-cream, to driving the uptake of solar panels and electric stoves in low-income households.

    Continue reading...
    • chevron_right

      US will require background checks for gun shows and online firearm sales

      news.movim.eu / TheGuardian · Thursday, 11 April - 09:00

    ‘Historic’ action by justice department closes ‘doggone dangerous’ loophole in Biden administration’s fight against gun violence

    The sale of firearms on the internet and at gun shows in the US will in future be subject to mandatory background checks, the justice department said on Thursday as it announced a “historic” new action to keep weapons out of the hands of criminals.

    The closing of the so-called gun show loophole, which exempts private transactions from restrictions that apply to licensed dealers, has long been a goal of the Biden administration, and is specifically targeted in the rule published in the federal register today.

    Continue reading...
    • chevron_right

      Biden vows ‘ironclad’ US commitment to Israel amid fears of Iran attack

      news.movim.eu / TheGuardian · Wednesday, 10 April - 19:30

    US president and allied officials fear ‘significant’ strike within days in retaliation for Israeli bombing of consular building in Damascus

    Joe Biden has vowed that US commitment to defend Israel against Iran was “ironclad” as concerns rose in Washington that a “significant” Iranian strike could happen within days, in retaliation for the bombing of an Iranian consular building in Damascus .

    US and allied officials fear that a strike is imminent and could come in the form of a direct missile launch from Iran, rather than an attack through a proxy like Hezbollah in Lebanon. Israel has vowed to respond in kind to such a direct strike, raising the prospect of a regional war, which US officials now believe is more likely than at any point since the beginning of the Gaza conflict on 7 October.

    Continue reading...
    • chevron_right

      Biden announces new plan to cancel student loans for 30m borrowers

      news.movim.eu / TheGuardian · Monday, 8 April - 19:57

    Plan targets borrowers who accrued high level of interest on debt and those who have been in repayment for at least 20 years

    Joe Biden announced plans to cancel student loans for 30 million borrowers on Monday, the administration’s latest push on addressing student debt before the presidential election.

    The plan primarily targets borrowers who have accrued a high level of interest on their debt and those who have been in repayment for at least 20 years. Borrowers who face extreme economic hardship could also see some relief.

    Continue reading...
    • chevron_right

      TSMC will build third Arizona fab after winning $6.6B in CHIPS funding

      news.movim.eu / ArsTechnica · Monday, 8 April - 15:37

    The TSMC facility in Phoenix, Arizona.

    Enlarge / The TSMC facility in Phoenix, Arizona. (credit: The Washington Post / Contributor | The Washington Post )

    The US Department of Commerce has proposed another round of CHIPS Act funding up to $6.6 billion for Taiwan Semiconductor Manufacturing Company (TSMC), which President Joe Biden hopes will "support the construction of leading-edge semiconductor manufacturing facilities right here in the United States."

    With this award—which includes additional funding up to $5 billion in low-cost government loans—TSMC has agreed to increase funding in Arizona fabrication plants to $65 billion. That's the largest foreign direct investment in a new project in US history, the Commerce Department said, and it will fuel construction of TSMC's third Arizona fab.

    According to Biden, "these facilities will manufacture the most advanced chips in the world," putting the US "on track to produce 20 percent of the world’s leading-edge semiconductors by 2030."

    Read 13 remaining paragraphs | Comments

    • chevron_right

      The new world disorder: how the Gaza war disrupted international relations

      news.movim.eu / TheGuardian · Saturday, 6 April - 11:00

    While the US flounders in a conflict it did not foresee, emerging powers see a chance for new voices to join the top table

    Not long ago a picture circulated from inside Gaza showing smoke billowing from the explosion of a US-supplied bomb, and discernible in the background was the outline of eight black parachutes dropping US aid in precisely the same neighbourhood. It was suggested that the picture would make an ideal cover for any book about the confused world disorder that the six-month war in Gaza have spawned – a disorder that as yet has no dominant player, value system or functioning institutions.

    The great powers compete, coexist or confront one another across the region but none, least of all at the UN, is able to impose its version of order any longer. “Forget talk of unipolarity or multipolarity,” the journalist Gregg Carlstrom recently wrote in Foreign Affairs. “The Middle East is nonpolar. No one is in charge.”

    Continue reading...