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Category: Business

China hits back at US sanctions on tech giants, restricting its exports to American defense firms

China hits back at US sanctions on tech giants, restricting its exports to American defense firms

BEIJING — China on Monday announced sanctions on 10 American defense companies in response to a recent U.S. move that bars some leading Chinese tech companies from defense contracts. The Commerce Ministry said that Chinese companies would be blocked from exporting “dual-use” items to the 10 companies, which include military drone makers and some involved […]
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Cuba pushes through sweeping free-market reforms

Cuba pushes through sweeping free-market reforms

HAVANA — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward. The 176 measures aim to further decentralize Cuba’s state-run economy, […]
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