close video China likely targeted a very wide swath of critical infrastructure: Jonathan DT Ward
Atlas Organization founder Jonathan D.T. Ward breaks down the latest political and economic tensions between the U.S. and China.
The U.S. is pushing back on China’s ban on memory chips from Micron Technology, which was announced last week and based on vague national security concerns.
Commerce Secretary Gina Raimondo spoke Saturday at a news conference following a multinational trade meeting on the Indo-Pacific Economic Framework and said the U.S. government "firmly opposes" China’s ban on Micron and "won’t tolerate" the restrictions.
Raimondo added that China’s import restrictions "target a single U.S. company without any basis in fact, and we see it as plain and simple economic coercion and we won’t tolerate it, nor do we think it will be successful."
China accused Micron, which is a leading U.S. producer of semiconductors used in computer memory and data storage hardware, of posing a threat to national security. China’s cybersecurity agency announced on May 21 that, "Operators of critical infrastructure in China should stop purchasing products from Micron," citing "network security risks" that negatively affect "China’s national security."
CHINA SLAPS RESTRICTIONS ON US COMPANY OVER ‘NATIONAL SECURITY’ RISKS AS CHIP WAR ESCALATES
Commerce Secretary Gina Raimondo says the U.S. “won’t tolerate” China’s restrictions on Micron as the chip war escalates. (Ken Cedeno/UPI/Bloomberg via Getty Images / Getty Images)
Prior to China’s announcement, the U.S. and G-7 member countries announced new restrictions on China’s access to technology used in chip manufacturing.
"As we said at the G-7 and as we have said consistently, we are closely engaging with partners addressing this specific challenge and all challenges related to China’s non-market practices," Raimondo said.
Raimondo added that she raised the Micron issue in a meeting with China’s commerce minister, Wang Wentao, in a meeting on Thursday.
US NAVY VICTIM OF CHINESE STATE-SPONSORED HACKERS, SECRETARY SAYS
Micron Technology was hit with a ban by China’s cybersecurity regulator. (Jeremy Erickson/Bloomberg via Getty Images / Getty Images)
In response to China’s announcement of the restrictions last week, Micron told FOX Business in a statement that, "We have received the CAC’s notice following its review of Micron products sold in China. We are evaluating the conclusion and assessing our next steps. We look forward to continuing to engage in discussions with Chinese authorities."
The U.S., Europe and Japan have taken steps over the last year to restrict the export of sophisticated chips that are used in manufacturing processes for cars, smartphones and computers to China over concerns that the Chinese government may use them to advance its military modernization or further internal repression.
US WEIGHS RESTRICTIONS ON INVESTMENT IN CHINESE AI FIRMS
The U.S., Europe and Japan have moved to restrict China’s access to advanced computer chips. (Photo by Milos Bicanski/Getty Images | istock / Getty Images)
Those moves come as the Chinese Communist Party takes an increasingly aggressive stance toward regional neighbors like Taiwan and represses human rights in Hong Kong and Xinjiang.
China views the tech restrictions as an effort to block its development and has retaliated incrementally due to concerns that the trade restrictions may have a negative impact on Chinese companies that manufacture many of the world’s smartphones, computers and other consumer electronic devices.Ticker Security Last Change Change % MU MICRON TECHNOLOGY INC. 73.93 +4.32 +6.21%
GET FOX BUSINESS ON THE GO BY CLICKING HERE
About 10% of Micron’s revenue is derived from China, but the majority of those sales come from non-Chinese firms acquiring chips to use in products manufactured in China. It’s unclear whether the Chinese government’s newly announced restrictions will apply to non-Chinese firms operating in the country.
One of the most high-profile prisoners to be released by Israel has told Sky News that the world has ignored Palestinians and says Britain is one of the countries he blames for taking away his freedom.
Zakaria Zubeidi was imprisoned in 2019 after being found guilty by an Israeli military court of involvement in terrorism.
He was released as part of the ceasefire agreement and welcomed back to the West Bank by crowds of well-wishers, including the man who was prime minister less than a year ago.
In his first interview with a European broadcaster, Zubeidi told Sky News he still believes in “a resistance that will lead us to freedom” but claimed that Israeli occupation of the West Bank was wholly down to the international community.
“My life is worthless without freedom,” he said, speaking in Ramallah. “Freedom has no price. But the world that has denied me my freedom – particularly Britain, France, and the United States – must return what they have taken from me and my children.
More on Gaza
Related Topics:
“They are the ones who need to reconsider their mistakes, not me.
“They are the ones who have wronged us, and they should think about rectifying the harm they have caused to me and my children.”
Zubeidi, whose mother, brother and son have all died as a result of Israeli military action, has admitted involvement in a 2002 bombing that killed six people.
However, he has also been acclaimed by many in the West Bank as a symbol of the resistance.
He was famously part of a group of prisoners who briefly escaped their Israeli jail after using kitchen utensils to dig a tunnel.
“My message to the Palestinian people is to prioritise their safety and well-being because the assault being carried out against them is immense. I have no message for the occupation [Israel],” he said.
“My message is to the world – the same world that granted the occupation the right to live on my land – to grant me my freedom.”
In common with many other released prisoners, he claimed to have been beaten while behind bars, saying: “The situation in Israeli prisons is extremely harsh. We’ve witnessed it all: severe beatings, attack dogs, relentless insults. Every form of abuse imaginable has been inflicted on the bodies of our prisoners.”
While many in Israel will consider Zubeidi to be a dangerous, murderous extremist, he is considered a totemic figure in the West Bank, and a natural leader in Jenin, where he grew up in a refugee camp.
After being released, Israeli authorities banned him from returning to Jenin.
Instead, he has remained in Ramallah, where a long line of people came to a school building to shake his hand and hug him.
Among them, former prime minister Mohammad Shtayyeh, who resigned less than a year ago.
He embraced Zubeidi and told Sky News the release of prisoners could be a catalyst for an enduring peace deal.
“We would like to see all prisoners released and we would like to see all hostages going home,” said Mr Shtayyeh.
He continued: “It’s a historic moment for everybody. It’s time for this bloodshed to stop. And I think it is a moment of truth for everybody.
“In Gaza, 60,000 people have been killed, more than 120,000 have been injured. And of course, there have been so many casualties in Israel, too.
“We know that. And this time Palestinians are desperate for peace. We want a genuine peace process that does really bring peace and justice for everybody.”
More than 47,000 Palestinians have been killed in Israel’s offensive, according to Hamas-run authorities in Gaza, which does not distinguish between civilians and combatants.
The offensive followed Hamas’s attack on Israel on 7 October 2023, when it took 250 people hostage and killed around 1,200 others.
The Duke of York told Jeffrey Epstein they would “play some more soon!” two months after he claimed he cut contact with the convicted paedophile.
The emails were disclosed in a filing by the Financial Conduct Authority (FCA), who are defending an appeal by former Barclays boss, Jes Staley.
Staley is challenging a decision to ban him from the industry for misleading regulators on his ties to Epstein, one of the most severe measures the FCA can impose.
The court documents show an exchange of messages between Epstein and “a member of the British Royal Family” – believed to be Prince Andrew. It suggests the duke and Epstein – who killed himself in jail in 2019 – were in contact for longer than he has previously admitted.
In 2008, Epstein pleaded guilty to soliciting prostitution from a minor and was sentenced to 18 months in prison. After his release, Epstein and the duke were photographed walking together in New York’s Central Park, in December 2010.
The prince has claimed this was the last contact he had with Epstein.
He has previously strenuously denied all allegations against him.
Newsnight interview ‘ill-advised’ – aide
Other court documents released on Friday revealed one of the prince’s senior aides admitted in a letter to an alleged Chinese spy that the duke’s Newsnight interview with Emily Maitlis was “hugely ill-advised and unsuccessful”.
Dominic Hampshire wrote to Yang Tengbo on Buckingham Palace notepaper in March 2020.
In the letter, he said they “have dealt with the aftermath of a hugely ill-advised and unsuccessful television interview”.
Mr Hampshire praised Mr Yang, writing that “in what originally seemed like a lost cause, you have somehow managed to not only salvage but maintain and then incredibly, enhance the reputation of my principal [Prince Andrew] in China.
“Under your guidance, we found a way to get the relevant people unnoticed in and out of the house in Windsor; we orchestrated a very powerful verbal message of support to China at a Chinese New Year’s dinner and between the three of us, we have written, amended and then always agreed a number of letters at the highest level possible.”
Mr Yang said in a statement on Friday the spying allegations against him are “entirely unfounded”.
The Jes Staley emails
Emails showed Epstein inviting Andrew to meet Staley on 27 February, saying: “jes staley will be in London on next tue afternoon, if you have time [sic].”
Andrew replied: “Jes is coming on 1st March or next week?”
The pair then engaged in a discussion about press articles, before the duke told Epstein they would “play some more soon”.
Sky News has contacted Prince Andrew for a comment.
The prince still making uncomfortable headlines for his family
Just when you thought Prince Andrew couldn’t fall any further, another twist emerges in his shameful association with Jeffrey Epstein.
He’d claimed the last time he had contact with the convicted paedophile was in December 2010, when the pair were infamously photographed together in Central Park.
The Duke of York insisted he thought he was being “honourable” when choosing to stay with Epstein and personally tell him they could no longer be friends.
But this email suggests the pair stayed in touch beyond this date. We don’t know for how long, but it leaves Prince Andrew once more facing difficult and damaging questions about his relationship with Jeffrey Epstein.
And yet again, Andrew’s judgement is under considerable scrutiny.
Last year had ended badly for the disgraced Duke after his association with an alleged Chinese spy was exposed. He had to keep clear of the Royal Family’s traditional Christmas day gathering at Sandringham.
The Duke of York has always denied witnessing or suspecting any of Epstein’s behaviour.
But their friendship cost him his reputation.
He now leads a reclusive life in Windsor, stripped of responsibility and royal roles. Yet still making uncomfortable headlines for the rest of his family.
New York-based real estate developer LeFrak has installed the largest rooftop solar array on a high-rise multifamily residential building in New Jersey.
The Beach, a 336-unit waterfront rental tower in Jersey City’s Newport neighborhood, now hosts a 180kW, 450-panel rooftop solar system that will offset 13% of the building’s carbon emissions, equivalent to removing 37 gas-powered cars from the road annually. Sunkeeper Solar, a Brooklyn-based solar energy company, installed the nearly $1 million system.
The new rooftop solar offsets energy produced by electrical systems used in The Beach’s common area spaces, including those that power elevators and lighting, as well as cooling and ventilation in the high-rise building’s lobby and amenities. The Beach’s roof design and the building’s orientation optimize the amount of solar power generated by the system.
“Solar makes sense on multi-family buildings, and especially because Jersey City is vulnerable to the impacts of climate change, projects like this should become the bar for new development. Going solar saves consumers money, reduces air pollution, and creates a more resilient energy grid – solar is a double green amenity,” said Doug O’Malley, director of Environment New Jersey.
Last year, LeFrak partnered with EV-sharing platform Envoy to offer Newport residents exclusive car-sharing benefits and access to a fleet of on-site electric vehicles, representing Envoy’s first expansion into New Jersey.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check outEnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get startedhere. –trusted affiliate link*
FTC: We use income earning auto affiliate links.More.