US Treasury Secretary Steven Mnuchin is dismissing as “fake news” media reports that the Trump administration is readying restrictions this week on Chinese investment in American technology companies and high-tech exports to China.
Mr Mnuchin said on Twitter on Monday that reports by The Wall Street Journal and Bloomberg news are "false, fake news. The leaker either doesn't exist or know the subject very well", and that any restrictions would not be aimed solely at China but at "all countries that are trying to steal our technology".
In March, however, President Donald Trump directed the Treasury Department to pursue "investment restrictions" designed "to address concerns about investment in the United States directed or facilitated by China in industries or technologies deemed important to the United States."
The Trump administration accuses Beijing of predatory practices in its attempt to supplant US technological dominance, including cybertheft and forcing US companies to turn over technology in exchange for access to China’s market. It is planning to impose tariffs on US$34 billion (Dh124.88bn) in Chinese goods on July 6 – a figure that could rise to $450 billion if China refuses to back down and retaliates with sanctions of its own.
In Beijing, China’s foreign ministry expressed concern over the reports that Mr Trump plans to curb Chinese investments in the United States, and urged Washington to provide a “good, fair and predictable” environment for Chinese companies.
“We hope the US side will see these [Chinese] companies’ business activities in an objective manner, and provide Chinese companies a good, fair and predictable environment for their investment and business activities,” foreign ministry spokesman Geng Shuang said.
The Wall Street Journal, citing unidentified sources, said the initiatives were aimed at preventing Beijing from moving ahead with plans to develop companies able to compete globally in technologies including biotech and electric vehicles.
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Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
Company%20Profile
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Stamp%20duty%20timeline
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Killing of Qassem Suleimani
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UAE currency: the story behind the money in your pockets
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
COMPANY%20PROFILE%20
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
AUSTRALIA SQUAD
Aaron Finch (captain), Ashton Agar, Alex Carey, Pat Cummins, Glenn Maxwell, Ben McDermott, Kane Richardson, Steve Smith, Billy Stanlake, Mitchell Starc, Ashton Turner, Andrew Tye, David Warner, Adam Zampa
