Alexandra Alper
Alexandra Alper
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Biden pledges to fix decrepit U.S. infrastructure in bipartisan push

Biden pledges to fix decrepit U.S. infrastructure in bipartisan push

By , WASHINGTON (Reuters) - President Joe Biden promised U.S. senators from both major parties on Thursday to work together to modernize aging U.S. infrastructure, after his predecessor Donald Trump failed to win approval for a major funding effort.Slideshow Biden plans to ask Congress this month to invest heavily in infrastructure amid studies showing close to half of U.S. roads are in poor or mediocre condition and more than a third of U.S. bridges need repair, replacement or significant rehabilitation.“We’re going to see what we can put together,” Biden said at an hour-long White House...

February 11, 2021
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China will 'eat our lunch,' Biden warns after clashing with Xi on most fronts

China will 'eat our lunch,' Biden warns after clashing with Xi on most fronts

By , , WASHINGTON/BEIJING (Reuters) - U.S. President Joe Biden and his Chinese counterpart Xi Jinping held their first phone call as leaders and appeared at odds on most issues, even as Xi warned that confrontation would be a “disaster” for both nations.While Xi has called for “win-win” cooperation, Biden has called China America’s “most serious competitor” and vowed to “out compete” Beijing.On Thursday, Biden told a bipartisan group of U.S. senators at a meeting on the need to upgrade U.S. infrastructure the United States must raise its game in the face of the Chinese challenge.Biden said...

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February 11, 2021
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U.S. Treasury resuming steps to put Harriet Tubman on $20 bill - White House

U.S. Treasury resuming steps to put Harriet Tubman on $20 bill - White House

By , WASHINGTON (Reuters) - The U.S. Treasury Department is taking steps to resume efforts to put escaped slave and abolitionist Harriet Tubman on the $20 bill, White House and Treasury officials said on Monday, saying the move would reflect U.S. history and diversity.The redesigned bill was initially to be unveiled in 2020, but those efforts were delayed by the Treasury after former President Donald Trump called them an example of “pure political correctness.”White House Press Secretary Jen Psaki said the Treasury was revisiting the effort, which was first announced 2016 under former...

January 25, 2021
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Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others - sources

Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others - sources

By , NEW YORK/WASHINGTON (Reuters) - The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters.The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world’s largest telecommunications equipment maker, which Washington sees as a national security threat.The notices came amid...

January 17, 2021
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Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others - sources

Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others - sources

By , NEW YORK/WASHINGTON (Reuters) - The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters.The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world’s largest telecommunications equipment maker, which it says is a threat to U.S. national security and foreign policy...

January 17, 2021
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Trump administration takes final swipes at China and its companies

Trump administration takes final swipes at China and its companies

By , , WASHINGTON (Reuters) - The Trump administration in its waning days took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies for alleged misdeeds in the South China Sea and imposing an investment ban on nine more firms.The moves will further increase tensions with China, Washington’s strategic rival in Asia, days before President-elect Joe Biden takes office on Wednesday. The Biden transition team did not immediately respond to a request for comment.Executives of state-owned enterprises, officials of the Chinese Communist Party and...

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January 14, 2021
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Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu: sources

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu: sources

By , Slideshow WASHINGTON (Reuters) - The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a brief reprieve to Beijing’s top corporates amid a broader crackdown by Washington.Washington nonetheless plans to move forward this week with a bid to add as many as nine other Chinese companies to the list, one of the people said.The decision to shelve plans to add the Chinese tech giants is a blow to China hawks in the administration, who have been seeking to cement outgoing President Donald...

January 13, 2021
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U.S. considering adding Alibaba, Tencent to China investment ban -sources

U.S. considering adding Alibaba, Tencent to China investment ban -sources

By , , WASHINGTON/SHANGHAI (Reuters) -The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday.Targeting Asia’s two most valuable companies would be U.S. President Donald Trump’s most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office.Defense Department officials, who oversee the blacklist designations, have not yet...

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January 7, 2021
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U.S. considering adding Alibaba, Tencent to China investment ban - sources

U.S. considering adding Alibaba, Tencent to China investment ban - sources

By , , WASHINGTON/SHANGHAI (Reuters) - The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday.Targeting Asia’s two most valuable companies, worth a combined $1.3 trillion, would be U.S. President Donald Trump’s most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office.Defense Department officials, who oversee the...

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January 7, 2021
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Biden White House asks 'Trump who?' ahead of speech to conservatives

Biden White House asks 'Trump who?' ahead of speech to conservatives

By , WASHINGTON (Reuters) - President Joe Biden’s White House has made it clear it plans to ignore Donald Trump’s speech on Sunday to a conservative conference in Florida, where the former president is expected to go on the attack against his successor.“Our focus is certainly not on what President Trump is saying” at the Conservative Political Action Conference, White House Press Secretary Jen Psaki told reporters.It’s a strategy that has worked before, political veterans and historians say.“Biden is obeying an old political rule, which is ‘Never get in the way of a train wreck’,” said Bob...

February 27, 2021
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