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US eyes placing more Chinese companies on 'entity list,' FT reports

US eyes placing more Chinese companies on 'entity list,' FT reports

Reuters15-05-2025

WASHINGTON, May 15 (Reuters) - The U.S. Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its "Entity List," the Financial Times reported on Thursday, citing five people familiar.
The newspaper, citing several of the people, added that the Bureau of Industry and Security had drafted a list that also included subsidiaries of Semiconductor Manufacturing International Corporation and Yangtze Memory Technologies Co.
Timing of move has been complicated by a recent trade deal between the U.S. and China, according to the Financial Times.

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Why gold mining shares are too cheap, according to JP Morgan analysts
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It's Musk's last day - what has he achieved at the White House?
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Elon Musk's time in the Trump administration is coming to an end after a tempestuous 129 days in which the world's richest man took an axe to government spending - stirring ample controversy along the way. Earlier this week, the South African-born billionaire, on his social media platform, X, thanked President Trump for his time at the Department of Government Efficiency, or Doge. Trump announced he will host a news conference in the Oval Office on Friday with Musk, writing: "This will be his last day, but not really, because he will, always, be with us, helping all the way." While Musk's time in government lasted little more than four months, his work with Doge upended the federal government and had an impact not just in the halls of power in Washington - but around the world. Let's take a look at some of the ways Musk has left a mark. 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Conspiracies and misinformation While Musk - and Trump - have for years been accused by detractors of spreading baseless conspiracy theories, Musk's presence in the White House starkly highlighted how misinformation has crept into discourse at the highest levels of the US government. For example, Musk spread an unfounded internet theory that US gold reserves had quietly been stolen from Fort Knox in Kentucky. At one point, he floated the idea of livestreaming a visit there to ensure the gold was secured. Fact-checking Trump's Oval Office confrontation with Ramaphosa More recently, Musk spread widely discredited rumours that the white Afrikaner population of South Africa is facing "genocide" in their home country. 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