Impacted by the U.S. sanctions, Chinese surveillance tech giant Hikvision recently reported the worst performance in its 20-year history, with revenue and net profits dwindling. Hikvision admitted in its 2022 annual report (pdf) released on April 15 that the company had experienced negative profit growth, something it had never seen in the 21 years since…
PREMIERING 7:30PM ET: Big Tech Immunity Explained: Law Professor Adam Candeub on How to Rein In Section 230 Abuse
“Who is raising children? It’s not really parents, it’s not teachers, it’s not coaches or clergymen. It’s Twitter influencers. They’re the ones that have the ears and souls of our children.” I sit down with Adam Candeub, professor of law at Michigan State University and a senior fellow at the Center for Renewing America. Candeub…
‘We Must Change’: Australia Post Boss Reveals Postal Service’s Grim Financial Situation
Australia Post’s boss has warned that the national mail service is at the crossroad as it faces the technology revolutions, saying changes are needed for the struggling service to survive. Chief Executive Paul Graham on Thursday gave a frank assessment about the organisation’s financial situation, which posted a $169 million loss this financial year alone. The…
House Panel Debates Whether Biden-Era Energy Policies Benefit China
China’s gains and losses from energy policies during Joe Biden’s presidency were a contested topic during an April 26 hearing of the House Energy & Commerce Committee’s Environment, Manufacturing, and Critical Materials Subcommittee. “Until we increase U.S. capacity for critical mineral extraction and refining, increasing our reliance on renewable energy and EVs [electric vehicles] will…
Scientist Says China’s Mars Rover Could Remain Dormant
China’s first interplanetary rover, Zhurong, will likely stay dormant on Mars, a Chinese scientist said on state media CCTV on April 25. Zhang Rongqiao, the chief scientist of China’s Mars mission, said that Zhurong has not moved due to a lack of solar power caused by a pile-up of sand and dust since it went…
Sanction Chinese Cloud Firms Posing National Security Risk: GOP Senators
A group of nine Republican senators wrote a letter to Biden officials, raising security concerns about Chinese cloud firms like Huawei Cloud and Alibaba Cloud and asking for strict measures against them to protect U.S. interests and assets. The April 25 letter (pdf), led by Sen. Bill Hagerty (R-Tenn.), expressed “deep concern” about Chinese cloud…
Seagate to Pay $300 Million Penalty for Shipping Huawei 7 Million Hard Drives
Seagate Technology Holdings PLC has agreed to pay a $300 million penalty in a settlement with U.S. authorities for shipping over $1.1 billion worth of hard disk drives to China’s Huawei in violation of U.S. export control laws, the Department of Commerce said. Seagate sold the drives to Huawei between August 2020 and September 2021…
The Changing Rules of Building Wealth in the Technological Age
Commentary If you are under the age of 40, you likely are actively engaged in building a family and building a career. You are also actively engaged in building up enough wealth so that when you hit the back nine of your life, you can retire and enjoy it. I am in the back nine…
White House Warns of Biden Veto if Congress Restores Solar Panel Tariffs Targeting China
President Joe Biden is set to veto a joint resolution targeting his solar panel rule, which temporarily protects some Chinese-made equipment from tariffs, the White House warned. “This rule is necessary to satisfy the demand for reliable and clean energy while ensuring Commerce is able to rigorously enforce U.S. trade laws, hold trading partners accountable,…
Japan Needs Legislation to Prevent CCP Spies From Accessing Trade Secrets: Former Intelligence Officer
The Chinese Communist Party (CCP) has been using Chinese expatriates and Japanese experts to steal state-of-the-art technology for the Chinese regime, Japanese reports have revealed. After being questioned, these people leave Japan without indictment. Early in April, Japanese police reportedly investigated a CCP member who, while working as a technician for a Japanese company, sent…
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