Browsing Tag

AMERS

Biden and Xi Meet Amid Military, Economic Disputes

TL/DR - US President Joe Biden and Chinese leader Xi Jinping are set to discuss a range of contentious issues, including Taiwan, the South China Sea, the Israel-Hamas war, Russia's invasion of Ukraine, North Korea, and human rights. The meeting is aimed at easing tension between the two superpowers over varied conflicts. However, with vast…

US IRA Unlikely to Deter Firms’ Overseas Expansion: Gotion High Tech

TL/DR - The Inflation Reduction Act (IRA) introduced in the US is unlikely to prevent companies from expanding abroad because businesses flourish through competition and not regulation or subsidies, says the chairman of Chinese battery maker Gotion High Tech. Even as the IRA, an anti-inflation measure that offers tax benefits based on…

Labor Complaint Against US Senator Tim Scott Filed by UAW Union

TL/DR - The United Auto Workers (UAW) union has filed a labor complaint against Republican presidential candidate and U.S. Senator Tim Scott. The complaint stems from Scott's suggestion that auto workers who go on strike should be fired, a statement the union claims violates federal labor law and inhibits the right to strike. Scott maintains that…