Washington Financial News

NATO members, unable to agree on a new leader for the military alliance amid Russia’s invasion of Ukraine, extended Secretary–General Jens Stoltenberg’s mandate by one year. Stoltenberg, who recently said he had no plans to remain in the office he has held since October 2014, said he was honored by the decision, which is the fourth time his initial four-yearterm has been extended. He will serve through the North Atlantic Treaty Organization’s 75th anniversary next April, and a summit in Washington next summer.

The reprieve is over

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week

President Joe Biden has long struggled to neatly summarize his sprawling economic vision

The PGA Tour is sending two leading figures to next week's Senate panel reviewing its surprise business agreement with the Saudi backers of LIV Golf

Also read: US warns citizens to reconsider their travel plans to China: ‘May be detained…’ The Treasury issued a statement acknowledging Yellen's support for "ongoing efforts to maintain open lines of communication and responsibly manage the US-China bilateral relationship". Both sides characterized the discussion as frank and productive in their official statements.

China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance. The minerals—gallium and germanium—and more than three dozen related metals and other materials will be subject to unspecified export controls starting Aug.

China's commerce ministry said on Monday it would control exports of eight gallium products and six germanium products from Aug. 1 to protect national security, a move analysts saw as a response to escalating efforts by the United States to curb China's technological advances. Companies caught out by the abrupt news acted to secure supplies, with one U.S.

China to impose export restrictions on metals essential to make semiconductors, electric vehicles, and high-tech sectors has escalated its trade war with the United States, threatening to derail already-fragile global supply chains. The controls, China said, were aimed at protecting national security and interests. Exporters will now need prior permission to ship some gallium and germanium products. Following the sudden announcement on Monday, companies are scrambling to soothe investor worries. A China-based germanium producer told Reuters enquiries from abroad and prices had surged overnight. China's commerce ministry stated that, starting from August 1, it would exercise control over the exports of eight gallium products and six germanium products, citing the need to safeguard national security and interests. Analysts interpret this move as a retaliatory response to Washington's increasing efforts to curb China's technological advancements. Peter Arkell, Chairman of the Global Mining Association of China, told Reuters, «China has hit the American trade restrictions where it hurts.» He emphasized the significance of gallium and germanium, among other minor metals, in a wide range of tech products, highlighting that China dominates their production. Replacing China as a major supplier in the short or even medium term is deemed unrealistic.

China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high-tech microchips between Beijing and the United States. The controls, which China said were aimed at protecting national security and interests, will require exporters to seek permission to ship some gallium and germanium products.

Russell Crowe is one of the most beloved movies in cinema’s history. Excitingly, a sequel called Gladiator 2 is currently being developed. The film achieved tremendous success, earning over $460.5 million globally at the box office. It also received five Oscars, including Best Picture and Best Actor for Crowe, establishing him as a leading actor in subsequent films. Further and most importantly, Russell Crowe confirmed to journalists at Karlovy Vary Film Festival that he is not a part of the sequel. He said, “They should be paying me for the amount of questions I am asked about a film I am not even in.”

WASHINGTON (Reuters) — The U.S. Federal Trade Commission said on Monday it dismissed a complaint against Marlboro maker Altria Group (NYSE:MO) and e-cigarette maker Juul Labs that was brought after Altria's former acquisition of 35% of Juul.

ESG ratings have taken a hit amid the controversy about tobacco companies outperforming Tesla, but those questionable grades appear to have little meaning for funds and investors.

Washington D.C. is all set to turn the city into a celebration spot with eye-catching views, utmost celebrations and festivities.

After a month of rumination, one of Austal’s North American suitors is close to stumping up the cash.

By Lucia Mutikani

WASHINGTON (Reuters) -Two PGA Tour officials have agreed to testify before a U.S. Senate panel next week about the tour's merger with Saudi-backed LIV Golf, but LIV officials declined to appear, lawmakers said on Monday.

China said on Monday it would slap export controls on two rare metals essential for the manufacture of semiconductors over security concerns, as Beijing and Washington tussle over the global market for chips. Exports of gallium and germanium, of which China is a major producer, will require a license from August 1, according to a guideline issued by the Ministry of Commerce and China Customs. The final recipient of the exports and the purpose of their use will have to be specified, the text said.

The Reddit-induced meteoric rise and fall of GameStop appears to have calmed after a wild two-week ride pitting small investors against Wall Street titans. The fallout may take longer to assess as Washington's lawmakers and regulators work to figure out just what happened when the retail investor army took on Wall Street and Robinhood, and where to go from here.

U.S. officials hailed a milestone for fusion energy research Tuesday, even as they acknowledged fusion power plants harnessing the power of the sun to supply abundant clean energy may remain decades away at best.

Legendary basketball player Michael Jordan agreed to sell his majority stake in the Charlotte Hornets to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, according to a release by the NBA last week.Jordan is selling his majority stake in the Hornets at an estimated $3 billion valuation, ESPN reported.