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Asia shares falter as global tech selloff spooks investors

Asia shares falter as global tech selloff spooks investors

By Stella Qiu SYDNEY, Feb 5 (Reuters) - Asian stocks faltered as concerns about the exploding costs of AI investment hounded the tech sector, though Wall Street futures were trying to make a comeback as chip providers gained.
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Congress Introduces Bills to Boost U.S. Robotics Competitiveness and Security

Congress Introduces Bills to Boost U.S. Robotics Competitiveness and Security

Two new bills have been introduced in Congress aimed at enhancing the United States' competitiveness in the field of robotics. The National Commission on Robotics Act (H.R. 7334) proposes the creation of a national commission to evaluate U.S. competitiveness in robotics and provide policy recommendations. This commission would consist of 18 recognized robotics experts appointed by both parties and the president. The commission is tasked with submitting an interim report within one year and a final report with actionable recommendations in two years. The second bill, the Humanoid Robotics Oversight and Blocking of Obtainment from Totalitarians Act of 2025, or 'Humanoid ROBOT Act of 2025' (S. 3275), seeks to prohibit the federal government from acquiring humanoid robots with integrated artificial intelligence from foreign entities, including military suppliers to countries like China, Iran, North Korea, and Russia. These legislative efforts are supported by members of the Congressional Robotics Caucus and ar...
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Senator Warren Seeks Reversal of Trump's UAE Chip Sales Amid 'Spy Sheikh' Allegations

Senator Warren Seeks Reversal of Trump's UAE Chip Sales Amid 'Spy Sheikh' Allegations

Senator Elizabeth Warren is set to introduce a resolution in the Senate calling for the reversal of a controversial sale of 500,000 advanced artificial intelligence chips to the United Arab Emirates (UAE). This move follows revelations that Sheikh Tahnoon bin Zayed Al Nahyan, known as the 'Spy Sheikh,' secretly acquired a significant stake in a Trump family business shortly before President Trump's inauguration. The chip sale has raised concerns about potential national security risks, particularly regarding the transfer of technology to China.
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Panama will not be threatened by China over canal court ruling, leader says

Panama will not be threatened by China over canal court ruling, leader says

Panamanian President José Raúl Mulino says he hopes a legal battle with a Hong Kong firm over Panama Canal ports does not escalate
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Brazil's Inpasa ramps up exports of dried distillers grains to China

Brazil's Inpasa ramps up exports of dried distillers grains to China

By Oliver Griffin SAO PAULO, Feb 6 (Reuters) - Brazilian corn ethanol producer Inpasa will quickly ramp up exports of dried distillers grains with solubles (DDGS) to China this year, Gustavo Mariano Oliveira, the company's vice president of trading, said on Friday.
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Congress Introduces Bills to Boost U.S. Robotics and Security

Congress Introduces Bills to Boost U.S. Robotics and Security

Two new bills have been introduced in Congress aimed at enhancing U.S. competitiveness in robotics. The National Commission on Robotics Act proposes the creation of a commission to evaluate and recommend policies for U.S. robotics competitiveness. The Humanoid ROBOT Act seeks to prevent the federal acquisition of humanoid robots from foreign entities, particularly those linked to China, Iran, North Korea, and Russia. These legislative efforts are part of a broader strategy to maintain U.S. leadership in robotics and address national security concerns related to foreign technology.
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A half-century of US-Russian arms control ends with the expiration of the New START nuclear pact

A half-century of US-Russian arms control ends with the expiration of the New START nuclear pact

The Kremlin says it views the expiration of the last remaining nuclear arms pact between Russia and the U.S. with regret, leaving no caps on the two largest atomic arsenals for the first time in over 50 years
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Trump Administration Launches $12B Plan to Stockpile Rare Earths to Counter Chinese Dominance

Trump Administration Launches $12B Plan to Stockpile Rare Earths to Counter Chinese Dominance

The Trump administration has initiated a $12 billion plan to stockpile critical minerals, aiming to reduce U.S. dependence on Chinese rare earths. This initiative, known as 'Project Vault,' seeks to secure the supply chain for manufacturing and defense technologies. The U.S. Navy and other defense sectors heavily rely on these minerals, which are crucial for the production of advanced military equipment. The plan includes a $10 billion loan backing from the U.S. Export-Import Bank and $1.7 billion in private investment. Additionally, the U.S. government has acquired a 15% equity stake in MP Materials, a domestic rare earths producer, with a 10-year agreement for the Pentagon to purchase all of its magnet production.
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US hosts countries for talks to weaken China's grip on critical minerals

US hosts countries for talks to weaken China's grip on critical minerals

By Michael Martina and Simon Lewis WASHINGTON, Feb 4 (Reuters) - The United States will host more than 50 countries on Wednesday for talks aimed at boosting their access to critical minerals, in a bid to loosen China's grip over vital industrial inputs that has allowed it to control global supply
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Exclusive-Ford and Geely in talks for manufacturing, technology partnership, sources say

Exclusive-Ford and Geely in talks for manufacturing, technology partnership, sources say

Feb 4 (Reuters) - Ford and China’s Geely are in discussions about a potential partnership, eight people with knowledge of the ongoing talks said, as the world's carmakers look to share heavier technology and manufacturing costs.  
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AMD falls as dour forecast shows cracks in AI trade

AMD falls as dour forecast shows cracks in AI trade

Feb 4 (Reuters) - Advanced Micro Devices shares fell nearly 7% in premarket trading on Wednesday after the chipmaker's lackluster quarterly sales forecast rekindled investor doubts over its ability to take on AI chip bellwether Nvidia.
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Pentagon Launches Drone Dominance Program with 25 Vendors Competing for $150M

Pentagon Launches Drone Dominance Program with 25 Vendors Competing for $150M

The Pentagon has announced the selection of 25 vendors to participate in the first phase of its Drone Dominance Program, known as 'the Gauntlet.' This initiative aims to enhance the U.S. military's capabilities in unmanned aerial systems (UAS). The evaluation phase will commence on February 18 at Fort Benning, Georgia, where military drone operators will assess the equipment provided by these vendors. The program is part of a broader strategy to field one-way attack drones, with the Pentagon planning to spend over $1 billion across four phases. The initiative seeks to address the U.S. military's lag in drone technology compared to adversaries like China. The selected vendors include both well-known and emerging companies, with some based in Ukraine. The Pentagon aims to have hundreds of thousands of weaponized drones ready for combat by 2027.