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Trump says "billions of dollars" will flow into the US, as higher tariff rates are imposed

Trump says "billions of dollars" will flow into the US, as higher tariff rates are imposed

The Standard3 days ago
U.S. President Donald Trump gestures to reporters, on a walk with an architect and aides on the roof of the White House in Washington, D.C., U.S., August 5, 2025. REUTERS/Jonathan Ernst
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Going after Lip-Bu Tan, Malaysian-American CEO of Intel, is just the beginning
Going after Lip-Bu Tan, Malaysian-American CEO of Intel, is just the beginning

South China Morning Post

time2 hours ago

  • South China Morning Post

Going after Lip-Bu Tan, Malaysian-American CEO of Intel, is just the beginning

Want to be a CEO in America? Try not to look too Chinese or have a name that sounds Chinese. Lip-Bu Tan, the new chief executive of chipmaking giant Intel, finds to his dismay that out of nowhere, top United States politicians up to President Donald Trump have declared him a threat to national security. Trump tweeted last week on his Truth Social platform: 'The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.' Immediately? Why the urgency? The president didn't say. What evidence is there that Tan was such a threat to America? Trump didn't present any. It appears that he was paraphrasing Republican Senator Tom Cotton, who earlier wrote to Intel's board chair expressing 'concern about the security and integrity of Intel's operations' and Tan's ties to China. Tan is Malaysian, studied in Singapore and received his degrees from MIT. He has long been a US citizen. Cotton accused him of having extensive investments in China. Well, name me a Wall Street or Silicon Valley titan in the past quarter of a century who didn't have investment or business in China. Elon Musk? Apple? BlackRock? You may remember Cotton's infamous grilling of TikTok's CEO Chew Shou Zi during a Senate hearing in February last year. Many people described his antics as racist. 'Senator, I'm Singaporean,' Chew pleaded, but Cotton kept asking whether he was a Chinese national, and a member of the Chinese Communist Party, and then demanded to examine his passport for proof of citizenship. With Tan, though, the more serious charge Cotton has levelled is that Cadence Design Systems – a San Jose-based firm that Tan headed between 2009 and 2021 – last month agreed to pay US$140 million to resolve charges that it violated export controls by selling chip design products to China's National University of Defence Technology with ties to, as the name suggests, the Chinese military.

Germany's Merz faces discord after busy first 100 days
Germany's Merz faces discord after busy first 100 days

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time7 hours ago

  • RTHK

Germany's Merz faces discord after busy first 100 days

Germany's Merz faces discord after busy first 100 days Chancellor Friedrich Merz faces a tough balancing act to repair the cracks in his coalition government. File photo: Reuters German Chancellor Friedrich Merz has driven sweeping changes in security, economic and migration policy during his first 100 days in office, but faces widening cracks in his uneasy coalition. "Germany is back," Merz said, vowing to revive the economy, the military and Berlin's international standing after what he labelled three lacklustre years under his centre-left predecessor Olaf Scholz. He vowed to build "Europe's largest conventional army" in the face of a hostile Russia and keep up strong support for Ukraine in lockstep with Paris and London. And he has pressed a crackdown on irregular migration, a sharp departure from the centrist course of his long-time party rival Angela Merkel. But his personal approval rating slipped 10 points to just 32 percent in the latest poll by public broadcaster ARD. The biggest coalition crisis came last month over the nomination of three new judges to Germany's highest court, in which a campaign against one of the nominees eventually led to Merz's Christian Democrats (CDU) withdrawing support and postponing the vote. The next sign of trouble was when the CDU's Bavarian sister party demanded sharp cuts to social benefits for Ukrainian refugees, a position its coalition partner, the Social Democratic Party, opposes. Both coalition partners know that open squabbling will turn off voters after discord brought down Scholz's three-party coalition, and play into the hands of the far-right Alternative for Germany Party. (AFP)

UK arrests hundreds backing banned pro-Palestine group
UK arrests hundreds backing banned pro-Palestine group

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time15 hours ago

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UK arrests hundreds backing banned pro-Palestine group

UK arrests hundreds backing banned pro-Palestine group Police in London arrested hundreds for supporting Palestine Action, at the latest protest backing the group since it was banned last month under anti-terror laws. Photo: AFP London's Metropolitan Police arrested more than 365 people at a protest against Britain's decision to ban the group Palestine Action, the force said. Protesters, some wearing black and white Palestinian scarves and waving Palestinian flags, chanted "hands off Gaza", and held placards with the message "I oppose genocide. I support Palestine Action", video taken by Reuters at the scene showed. Israel denies allegations of being responsible for genocide in Gaza. The Reuters video showed demonstrators who had gathered in Parliament Square by the Houses of Parliament being carried away by police. The crowd chanted "shame on you" at the police. In a post on X, the police force said it had arrested 365 people for supporting a proscribed organisation. It also arrested seven people for other offences including five for assaults on officers, adding none was seriously injured. In July, British lawmakers banned Palestine Action under anti-terrorism legislation after some of its members broke into a Royal Air Force base and damaged planes in protest against Britain's support for Israel. The ban makes it a crime to be a member of the group, carrying a maximum sentence of 14 years in prison. The co-founder of Palestine Action, Huda Ammori, last week won a bid to bring a legal challenge against the ban. (Reuters)

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