US President Joe Biden is set to ban Americans from investing in dozens of Chinese tech and defence firms with alleged military ties.
The new executive order will come into effect on 2 August, hitting 59 firms including communications giant Huawei. The list of firms will be updated on a rolling basis.
The move expands an order previously issued by ex-President Donald Trump.
Even before the official announcement, China suggested it would retaliate.
Under the new order, US investors will be banned from buying or selling publicly-traded securities for other companies including the China General Nuclear Power Corporation, China Mobile Limited and Costar Group.
It expands the previous list from 31 firms to include surveillance companies and is aimed at ensuring “US persons are not financing the military industrial complex of the People’s Republic of China,” one White House official said.
“The prohibitions are intentionally targeted and scoped to maximise the impact on the targets while minimising harm to global markets,” the official added.
Huawei recently said that sanctions imposed on it by the US in 2019 have had a major impact on its mobile phone business.
The US took action amid claims that the company posed a security risk and last July, and the UK said it would exclude the company from building its 5G network.
The new list of companies barred from US investment will update one from the Department of Defense.
“We fully expect that in the months ahead… we’ll be adding additional companies to the new executive order’s restrictions,” the White House said.
It comes as the surveillance of citizens, including Uyghurs in the Xinjiang region in particular, has come under scrutiny.
The Biden administration has also accused China of acting more aggressively abroad and more repressively at home.
The China-US relationship is crucial to both sides and the wider world, with Beijing repeatedly calling on the new administration in Washington to improve relations which deteriorated under predecessor Donald Trump.
In their first meeting under the Biden presidency last month, the two countries’ top trade negotiators held “candid, pragmatic” talks on their trading relationship.
President Biden has insisted, however, that existing tariffs will be kept in place for now as he looks to boost the US economy, which was hit hard early in the pandemic but is now recovering.
Chinese Ministry of Foreign Affairs spokesman Wang Wenbin suggested China would retaliate against the latest measures.
“China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises and resolutely support Chinese enterprises in safeguarding their rights and interests in accordance with the law,” he said.
Read from source: https://www.bbc.com/news/business-57334265\
New York fire: At least 19 killed in apartment block blaze
At least 19 people, including nine children, have died after a fire in a New York apartment building.
Another 32 people were sent to hospital, several of whom are in a critical condition, according to New York Mayor Eric Adams.
Fire department Commissioner Daniel Nigro said they had found victims on every floor of the 19-storey block, saying the smoke was “unprecedented”.
He told NBC News the death toll was the worst seen in New York for 30 years.
It comes days after an apartment fire in Philadelphia killed 12, with eight children among the dead.
Sunday’s fire broke out in an apartment that spans the second and third floors of the Bronx apartment block at about 11:00 local time (16:00 GMT), officials said.
Some 200 firefighters were sent to tackle the blaze, which officials believe was sparked by a malfunctioning electric heater.
Commissioner Nigro said there were two floors of fire, but the smoke had spread everywhere.
The door to the apartment where the fire started was left open, and smoke then spread to every floor, Commissioner Nigro told reporters.
“Members found victims on every floor in stairwells and were taking them out in cardiac and respiratory arrest,” he said.
George King, who lives nearby, told AFP news agency people were waving from the windows as the flames took hold.
“I saw the smoke, a lot of people were panicking,” he said. “You could see that no-one wanted to jump from the building.”
A total of 63 people suffered injuries, including the 32 taken to hospital. Thirteen are in a critical condition, Stefan Ringel, a senior adviser to the mayor, told AP news agency.
“The impact of this fire is going to bring a level of pain and despair to our city,” Mr Adams told reporters. “The numbers are horrific.”
He told CNN on Monday that the incident was “a wake-up call for all our buildings” to ensure complaints are heard and protective measures are working.
New York Governor Kathy Hochul called Sunday’s events “a night of tragedy”, and pledged to create a victims’ compensation fund to support survivors.
“There will be money to find new housing, burial costs and whatever we need because that’s what we do here in New York,” Ms Hochul said.
The area of the Bronx where the fire occurred is home to a large Muslim immigrant population and many of those affected by the blaze are believed to have originally come to the US from the Gambia.
Mr Adams urged anyone impacted by the fire to seek assistance from the authorities, irrespective of immigration status. He assured residents that their details would not be passed on to immigration services.
Speaking alongside Mr Adams, New York Senator Chuck Schumer pledged to provide immigration support to allow families to come together to grieve.
The building hosts a number of affordable housing apartments and the blaze is likely to raise questions over the quality of such units in the city.
Representative Ritchie Torres, a Democratic lawmaker whose district includes the building, told the US network MSNBC that developments such as the building where the fire hit pose safety risks to residents.
“When we allow our affordable housing developments to be plagued by decades of disinvestment, we are putting lives at risk,” Mr Torres said.
US flight cancellations hit new holiday peak amid Covid and bad weather
bbc– Flight cancellations in the US have hit a new peak in a Christmas season hit hard by the Covid pandemic and bad weather.
Nearly 4,400 flights around the world were cancelled on Saturday, more than 2,500 of them in the US, air traffic site FlightAware reported.
Airlines have been struggling with staffing problems with crew quarantining after contracting Covid.
Adding to travellers’ woes, heavy snow has hit the central US.
From the US cancellations, more than 1,000 are from Chicago’s O’Hare and Midway airports.
“Today’s cancellations are driven by Omicron staffing and weather-related issues. We did pre-cancel flights in anticipation of inclement weather. We’ve been contacting passengers early if their flights are cancelled to give them time to rebook or make other plans,” United Airlines said in a statement.
Sunday, when many people often return home from their Christmas holidays, is likely to bring further disruption, with more snow and heavy winds forecast.
“It’s too long and there’s no space to spend the time, get something to eat, it’s a long time here,” one traveller stuck at O’Hara airport told ABC news in Chicago.
More on Covid around the world:
- Antarctic outpost hit by Covid-19 outbreak
- UAE bans foreign travel for citizens without booster jab
- Omicron wave appears milder, but concern remains
Since 24 December, more than 12,000 flights have been cancelled in the US.
Airlines have being trying to woo crew with extra pay to tackle the staff shortages. But unions say workers fear contracting Covid or having to deal with angry passengers.
The US is facing a surge in Covid cases powered by the Omicron variant.
New York City has seen record cases despite high vaccination rates. The virus has hit everything from the police force to Broadway shows, although there has not yet been a significant hike in hospitalisations.
The city’s new mayor, Eric Adams, took office on Saturday after low key New Year celebrations.
In his first speech, he said the city would not be “controlled by crises”.
“This pandemic has not only impacted us physically, but emotionally, and I’m going to really encourage people in this city to just find that inner peace, no matter what we’re going through,” he said.
“We have been through tragedies before. This is a resilient city and a resilient country and I want to bring that energy,”
US follows UK’s lead and shortens isolation for healthcare workers who test positive for Covid-19
independent– Healthcare workers who test positive for Covid-19 and are asymptomatic only need to isolate for seven days, the Centers for Disease Control and Prevention (CDC) has said.
The CDC reduced the recommended isolation time from 10 days in part due to concerns that the highly transmissible Omicron variant could cause even greater staffing shortages at hospitals.
In new guidance released on Thursday, the CDC said infected healthcare workers could return to work after a week as long as they were asymptomatic and produced a negative test.
The US recorded 261,339 new cases on Thursday, according to data from Johns Hopkins University.
Earlier this week, the UK Health Security Agency announced that essential workers would be allowed to return after a seven-day isolation period amid a worsening staffing crisis in hospitals.
In a statement, CDC Director Rochelle Walensky said it was updating guidelines in response to an “anticipated surge” in patients due to the Omicron variant.
“Our priority, remains prevention—and I strongly encourage all healthcare personnel to get vaccinated and boosted.”
Dr Walensky added that health care workers who were fully vaccinated, including with a booster shot, did not need to isolate after a high-risk exposure.
On Friday, New York Governor Kathy Hochul announced that essential workers who tested positive could return to their jobs after five days if they were fully vaccinated and asymptomatic, and had not had a fever within the past 72 hours.
“This is not Delta, or the first variant,” Ms Hochul said during a live address.
“This is Omicron, and thus far it has demonstrated it’s not as severe in its impact, and therefore we want to make sure that our critical workforce, who we’ve relied on from the beginning, can get back to work.”
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