Xi Promotes Chinese Investment in Malaysia on Trip to Boost Ties
The Chinese leader met with Malaysia's king, Sultan Ibrahim Iskandar, on Wednesday, saying Beijing welcomes more Malaysian agricultural goods and called for both countries to advance major projects like the East Coast Rail Link, according to the official Xinhua News Agency.
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The Hill
17 minutes ago
- The Hill
State Department chaos makes passing the Uyghur Policy Act imperative
The U.S. State Department is reeling. Morale is low, leadership turnover is high and internal dysfunction has left many career diplomats and foreign service officers disillusioned and disengaged. Some of the most principled voices on human rights policy are burned out, sidelined or quietly leaving. Against this backdrop, pushing forward the Uyghur Policy Act of 2025 might seem poorly timed at best or destined to fail at worst. But now is precisely when it matters most. The Uyghur Policy Act is not just another symbolic measure. It is a targeted, bipartisan effort to institutionalize U.S. support for Uyghur human rights, enhance public diplomacy in the face of Chinese Communist Party repression and embed Uyghur issues within the machinery of American foreign policy. By doing so, the bill helps ensure Uyghur advocacy isn't subject to the whims of individual appointees or lost in bureaucratic inertia. It's a safeguard — not a luxury. With the department in a state of strategic drift, the need for legislative mandates is greater than ever. When internal dysfunction threatens to stall or dilute executive branch efforts, it is even more critical that the legislative branch sets clear expectations, particularly as foreign governments and civil society partners will still take their cues from the United States. Without that clarity, the cause of Uyghur freedom is more vulnerable to geopolitical horse-trading and diplomatic forgetfulness. One doesn't have to be personally invested in the cause of Uyghur freedom, however, to understand that the issue serves as a barometer both of Chinese intentions, but also the level of Chinese influence in the rest of the world. One provision of the Uyghur Policy Act directs Uyghur language training for foreign service officers, and the placement of a Uyghur-speaking foreign service officer in embassies and consulates in Turkey and Central Asian countries. Is that a nod to inclusion and cultural preservation? It's something far more strategic. It ensures that our government will have the most accurate understanding and access in a region where state coopting of Uyghur organizations could cloud understanding of the very dire situation facing so many individuals due to Chinese and KGB influence in countries like Kazakhstan. One simple provision is a low-cost, high-reward solution to an intelligence gap. Other provisions in the legislation are equally strategic. Resources to counter Chinese propaganda and cohesive diplomatic strategies are essential not only for progress on the Uyghur issue, but for the sake of consistency which will be read as strength by the oppositional Chinese Communist Party. It might be tempting, in this environment, for policymakers to want to delay action — to wait until the State Department is 'fixed' or until the political winds shift. But the Chinese government isn't waiting. Transnational repression is escalating, deportations of Uyghur refugees are rising and Beijing's global narrative war is deepening. The Uyghur Policy Act is a necessary counterweight. It signals that the United States can still act with moral and strategic clarity, even amid internal turbulence. Its passage is not an act of bureaucratic optimism, but a recognition that when institutions falter, Congress must lead. It is precisely because the State Department is in crisis that now is the time to pass this bill. Julie Millsap is a human rights advocate and government affairs manager at No Business With Genocide. She leads legislative and policy efforts related to the Uyghur genocide and U.S. accountability in atrocity prevention.
Business Insider
18 minutes ago
- Business Insider
Intel stock drops after Trump demands its CEO 'resign immediately,' calling him 'highly conflicted'
Intel's CEO is in the political crosshairs. President Donald Trump called on Intel CEO Lip-Bu Tan to resign on Thursday, adding to the challenges facing the largest US chipmaker. Trump called Tan "highly CONFLICTED" in a post on Truth Social, saying that he "must resign, immediately. There is no other solution to this problem." Intel shares fell 5% in premarket trading following Trump's post. Its share price was down over 3% as of 11 a.m. in New York. Trump's missive came two days after Sen. Tom Cotton wrote a letter to the company's board of directors raising questions about Tan's reported investments in and ownership of Chinese companies, including some with alleged ties to the Chinese military. In April, Reuters reported that Tan had invested in hundreds of Chinese companies, including eight with ties to China's People's Liberation Army. An Intel spokesperson at the time told Reuters that "we handle any potential conflicts appropriately and provide disclosures as required by SEC rules" and that Tan had filled out questionnaires requiring disclosure of any potential conflicts of interest. Sen. Tom Cotton, an Arkansas Republican, also called attention to the fact that prior to becoming Intel CEO in March, Tan was the CEO of Cadence Design Systems, a company that pleaded guilty last week to illegally exporting technology to a Chinese military university. Cadence Design Systems agreed to pay $118 million in criminal penalties. Intel received a roughly $8 billion grant from the US government under the CHIPS and Science Act, a 2022 law designed to boost the American chip manufacturing industry. "Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations," Cotton wrote. "Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations." Trump's call for Tan's resignation was quickly backed up by two GOP senators — Bernie Moreno of Ohio and Rick Scott of Florida. It's the latest challenge for the company, which recently warned that it could stop developing its 14A chip if it's "unable to secure a significant external customer and meet important customer milestones." The former tech giant has been battling high volatility in the stock market all year, as it faces steep competition from rivals. Wall Street sentiment toward Intel remains mixed but skews negative, with the majority of analysts maintaining either sell or hold ratings, according to data from Markets Insider. A White House official told Business Insider that Trump "remains fully committed to safeguarding our country's national and economic security. This includes ensuring that iconic American companies in cutting-edge sectors are led by men and women who Americans can trust."
Yahoo
40 minutes ago
- Yahoo
Reactions to Trump demanding Intel CEO's resignation
(Reuters) -U.S. President Donald Trump has demanded the immediate resignation of Intel CEO Lip-Bu Tan over concerns of his extensive investments in Chinese firms, just months after he assumed leadership of the struggling chipmaker. Tan has invested in hundreds of Chinese technology firms, including at least eight with links to the People's Liberation Army, Reuters reported in April. On Wednesday, Reuters exclusively reported that Republican Senator Tom Cotton questioned Tan's ties to Chinese firms and a recent criminal case involving his former company Cadence Design. Some analysts and investors said Tan's deep knowledge of the Chinese semiconductor landscape is a strategic asset. Others see the political pressure as a sign of growing uncertainty around Intel. Here are some key quotes. ANSHEL SAG, PRINCIPAL ANALYST AT MOOR INSIGHTS & STRATEGY "I believe that POTUS shouldn't be calling for any CEO to be stepping down, especially not one who just took the job this year. I think this all boils down to Lip-Bu's past involvement and investment in Chinese semiconductors, which is also what makes him so valuable as CEO." "He's more aware than most people on earth of China's capabilities and should be an asset to the U.S. and Intel." DAVID WAGNER, HEAD OF EQUITY AND PORTFOLIO MANAGER AT APTUS CAPITAL ADVISORS, AN INTEL SHAREHOLDER "While I can understand that many investors likely believe that President Trump has his hand in too many cookie jars, it's just another signal that he's very serious about trying to bring business back to the U.S. He has momentum from the Apple deal and now hoping that a few more businesses fall into place." RYUTA MAKINO, RESEARCH ANALYST AT GABELLI FUNDS, AN INTEL INVESTOR "I think Trump is mostly attacking Lip-Bu because he wanted to stop the manufacturing business if Intel 14A doesn't work out with external customers. More speculation whether Trump is making some deals with TSMC to do something with Intel. I think it's very much a political move." BLAKE ANDERSON, ASSOCIATE PORTFOLIO MANAGER AT CARSON GROUP "Investors remaining focused on issues like these hint that the company's manufacturing turnaround, and long-term viability, may be dependent on factors external to the company and thus increase long-term uncertainty." SHIRAZ AHMED, FOUNDER AND CEO AT SARTORIAL WEALTH "It's not surprising. I mean we're seeing the administration step in and point fingers at private or corporate CEOs. It's not the first time he's done it, it's likely not the last time he'll do it." PHIL BLANCATO, CEO OF LADENBURG THALMANN ASSET MANAGEMENT "It would be setting a very unfortunate precedent. You don't want American presidents dictating who runs companies, but certainly his opinion has merit and weight. The board of Intel will have to determine if that's something they would consider in their evaluation." "But this CEO is fairly new. So on one hand, I don't think the U.S. president has the ability to do that. I'm not sure that that's a good idea for any political official." "But certainly, when you look at where the company stands today, it hasn't benefited greatly over the last few years. And I think it's more than just a CEO issue here. It's the company's need for real, radical change." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
