Interest rising among firms seeking to enter Johor-Singapore SEZ ahead of deal signing

EXPAND REGIONAL Profile

One such F&amp, B player, North Korean shop Paris Baguette, said it hopes to touch the Says to increase its market presence in the region.

In Johor, it produces frozen versions of its cakes and seeks to expand its approach to the Muslim business. &nbsp,

The company now occupies 16, 000sqm of property in Johor for its production facility, its first and only halal-certified shop. Additionally, it plans to purchase an additional 24, 000 square feet of area close to this shop for expansion.

A more uniformized regulatory compliance schedule, perhaps for the companies operating in the SEZ zone, is another thing we even want, according to Ms. Hana Lee, CEO of Paris Baguette SEA.

” Maybe that will likewise help us to improve some ongoing businesses and let us concentrate on our development rather than all these more complicated processes.”

When the business decided to establish a production facility in Johor, it took into account the company’s decision to do so with greater ease in attracting and operating at a lower cost than in Singapore, Ms Lee noted.

Mr. Chua added that in Singapore, labor and book are” a little bit higher” than in Malaysia.

” For many businesses, when they plan and if their business model allows them to work in Malaysia and apply Malaysia as a new land where they can grow their businesses,” he continued.” They will definitely save money because some of the products and things that they do does… come back to Singapore and gain Singapore since well,” he continued.

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Clifford Capital hires from SocGen in energy push; establishes asset management arm | FinanceAsia

Sophea Seng has been appointed as the company’s managing director and head of resources, as well as its property management division. &nbsp,

Singapore-based Seng does record to Audra Low, who heads consumer protection for the Taiwanese group. Seng joins the group from Société Générale, where she ran the South &amp, South-East Asia power funding process.

She has worked in Australia, Hong Kong, and Singapore for over 17 times and began her career at Deloitte in Sydney.

In a press release, Low said,” We are happy to have her on table. She brings a wealth of experience in a fast transitioning and higher growth energy sector.” &nbsp, &nbsp,

In a separate announcement, Clifford Capital announced that Vidyasagar ( Vid ) Pulavarti had been named as Clifford Capital Asset Management’s (CCAM ) chief investment officer.

CCAM will be a second line of business for Clifford Capital, adding to its creation and arranging, and supply company. &nbsp,

Pulvarti, who was hired on January 6 and has over 20 years of international credit and expense management experience, joined us. He most recently served as managing director of Asia Pacific ( Apac ) Credit at Apollo Global Management, where he established the firm’s pan-Apac private credit business. His professional career includes posts at major corporations like JP Morgan, Citibank, and Commonwealth Bank of Australia.

” The creation of CCAM represents a major milestone in our development as an infrastructure funds platform”, said Sanjiv Misra, president of CCAM and Clifford Capital, in a speech.

Murli Maiya, Clifford Capital’s party chief professional, added:” Vid’s session, combined with our integrated approach across corporate origination, underwriting, distribution and institutional services, positions us well to level our business, positively affect our clients and assist build institutional markets in the green infrastructure space”.

As recently disclosed at COP29, Clifford Capital is in discussions with the Monetary Authority of Singapore ( MAS ) regarding the management of the Energy Transition Acceleration Finance ( ETAF ) partnership.

Read a detailed FinanceAsia meeting with Maiya around. &nbsp,

For more information on FA people goes, visit this link. &nbsp,

¬ Plaza Media Limited. All rights reserved.

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Former manager becomes a hawker after getting retrenched, now selling S laksa in Chinatown

Lee and Wang are selling their homemade fruit pies for only$ 19 per drink for the Chinese New Year. Users who want to get the pies if WhatsApp Lee at 91001799 and present themselves.

No asking, as Lee told us:” I don’t know if it might be a fraud guest. I don’t dare pull up calls from unknown numbers because there are so many scam names these days.

Before beginning a second career as a stall, Bobby Lee was a director of quality control. When my company shut down, I was retrenched. At age 50, I believed I could remove my CPF to dwell on. So I had to borrow funds to survive”, he recounted.

He made an effort to find work elsewhere. ” I went for so many conversations, over 100, but it was difficult for a guy my time to find a job. Some businesses may tell me that their work place had been filled, but a while later the same place resurfaced! But I guess even they didn’t want anyone my age”, he said.

Lee left his career options and made the decision to work for himself, selling insurance policies and enrolling in cooking classes at Dignity Kitchen. After giving up trying to find work, I decided to become a stall. No alternative, I need funds to survive”, he pointed out.

His family had been cooking everything for their family at the time. ” He was forced to cook”, Wendy Wang giggled, as Lee deadpanned:” In the beginning, it was very strong. Then, with a bit of adjustment, it’s choice tough”.

The pair, who are now in their 70s, continue to work to pay for their individual costs, such as insurance rates. Our three babies, who we know have their own communities to care for, offer their full support to us, Lee said.

When he’s not cooking at his barn, he also dabbles in healthcare. ” I don’t earn money from it. I try to restrict that to one day a week, only servicing my aged users”, he shared. Wang acknowledged that working for someone their time is challenging. ” We don’t work long hours so we can get collect our children from school”, she said. But she concluded:” Maybe, it’s better for older people not to quit moving”!

The Eastern Makanstall is at 335 Smith Street,# 02-055 Chinatown Complex Food Centre, Singapore 050335. Tel: 9100 1799. Start 11am to 2pm.

This article was first published in 8Days.

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Channel migrants: The real reason so many are fleeing Vietnam

BBC Montage image showing a beach with trees in the background, coloured in red, with a black and white image of people on a small inflatable boat at the frontBBC

More Asian attempted small-boat Channel bridges in the first quarter of 2024 than any other ethnicity. Yet they are coming from one of the country’s fastest-growing economy. Why, therefore, are so many risking their lives to achieve Britain?

Phuong questioned whether she should move in after looking at the tiny inflatable boat. The boat was small in the water, with 70 people inside. She recalls the anxiety, stress, and despair on their heads. There weren’t enough lifejackets to go around.

But Phuong was desperate. She says she had been stuck in France for two months, after travelling there from Vietnam via Hungary, sleeping in tents in a scrubby forest.

She had already turned down three trips in the middle of the Channel because it appeared extremely overcrowded, and she had previously been turned around due to bad weather or motor failure three times.

Her sister, Hien, lives in London, and recalls that Phuong used to telephone her from France in grief. She had to choose between anxiety and determination to continue.

Getty Images A small boat packed with people is rescued in English waters by a larger boatGetty Images

” But she had borrowed therefore many- around £25, 000- to account this trip. Turning up wasn’t an opportunity. ” But, she climbed on board.

Now Phuong lives in London with her girl, without any legal status. She was very apprehensive to speak directly to us, and Phuong is certainly her real name. She left it to her sister, who is now a UK citizen, to explain her experience.

With 2, 248 landings in the UK in the six weeks to June, Asian accounted for the most of all recorded small vessel immigrants in the UK, far exceeding those from nations with well-known human rights issues, including Afghanistan and Iran.

The incredible work of Asian immigrants to enter Britain are well documented, and in 2024 the BBC reported on Asian syndicates ‘ successful people-smuggling activities.

It is not without significant risks. Some Vietnamese migrants end up being trafficked into sex work or illegal marijuana farms. They make up more than one-tenth of those in the UK filing official claims that they are victims of modern slavery.

And still Vietnam is a fast-growing business, acclaimed as a” mini-China” for its manufacturing skills. Eight days as much as it was 20 years back in terms of per capita income. Add to that the subtropical beaches, beauty and value, which have made it a magnet for visitors.

What is it that causes so many people to be desperate to leave?

A tale of two Vietnams

Vietnam, a one-party Communist state, sits near the bottom of most human rights and freedom indexes. No political opposition is permitted. The few dissidents who raise their voices are harassed and jailed.

But the majority of Vietnamese have come to accept the ruling party, which has a history of development that lends legitimacy to its existence. Really some who go to Britain are fleeing persecution.

Additionally, refugees don’t typically flee hunger. Vietnam has been praised by the World Bank for its practically unmatched track record of reducing hunger among its 100 million residents.

Instead, they are trying to avoid what some call” equivalent deprivation”.

Getty Images Morning traffic on Lo Duc Street in Hanoi, Vietnam on a warm spring day. People are commuting on bikes and motorbikes, or walking and shopping. Apartment buildings are rising above the street behind electric cables.Getty Images

Vietnam’s economy, despite its amazing record, was far behind most of its Asian neighbors, with growth just beginning to emerge shortly after the Cold War ended in 1989. As a result, regular salary, at around £230 a fortnight, are significantly lower than in adjacent countries like Thailand, and three-quarters of the 55-million-strong labor are in informal work, with no security or social security.

Nguyen Khac Giang, a Taiwanese educational at the Institute of South East Asian Studies-Yusof Ishak Institute in Singapore, notes that there is a significant gap between large settlements like Hanoi and remote locations. For a majority of employees with limited abilities, there is a crystal roof. Even if you work 14 hours per day, you can’t keep enough to establish a home or raise a family.

This was what Phuong felt, despite coming from Haiphong, Vietnam’s third-largest capital.

Her girl Hien had made it to Britain nine years earlier, smuggled inside a shipping container. She worked long hours in restaurants and nail shops, and it had cost her around £22, 000, but she was able to pay it back in two decades. Hien married a Taiwanese person who already had American citizenship, and they had a girl, all three are presently UK residents.

In Haiphong, work were limited after the pandemic and at 38 years older, Phuong wanted what her sister had in London: the ability to save money and start a family.

” She may live in Vietnam, but she wanted a house, a better life, with more stability, “explains Hien.

Getty Images A woman rides a bicycle on the street in Haiphong cityGetty Images

Lan An Hoang, a teacher in creation studies at Melbourne University, has spent years studying movement habits”. Twenty to thirty years back, the urge to travel abroad was not as strong, because everyone was bad,” she says”. One bison, one motorcycle, and three meals per day made people happy.

” Immediately, a select few people emigrated to countries like Germany or the UK to work on cannabis fields or open nail salons. They began to take a lot of money home. They feel poor in comparison to all these people with immigrants who work in Europe, despite the fact that their financial circumstances have not changed.

‘ Catch up, getting wealthy ‘

Following the defeat of US troops in the north, Vietnam joined forces with the Soviet Union, which has a history of seeking better livelihoods abroad.

The state-led sector had hit rock bottom. Thousands were poor, some places suffered food shortfalls. In eastern union nations like Poland, East Germany, and Hungary, there are still tens of thousands of people working.

800, 000 boat people, mostly from China, escaped the communist party’s oppressive policies by sailing dangerously across the South China Sea before finally settling in the USA, Australia, or Europe.

Getty Images Bamboo fishing boats on the beach at low tide in Nghe An province VietnamGetty Images

The economic hardships of that time threatened the legitimacy of the communist party, and in 1986 it made an abrupt turn, abandoning the attempt to build a socialist system and throwing the doors open to global markets. The new theme of Vietnam’s national story was to catch up, and get rich, any way possible. For many Vietnamese, that meant going abroad.

” Money is God in Vietnam”, says Lan An Hoang. The ability to accumulate wealth is a determining factor in the meaning of” the good life.” In northern Vietnam, helping your family is also a top priority, especially for the elderly.

Because they believe they can take up large sums of money and help the movement of different people, the entire extended family uses resources to fund the migration of one fresh person.

New income: spoils of movement

Nghe An, one of Vietnam’s poorer regions north of Hanoi, is a country where big, new homes with gilded walls can now be found in large, new homes with smooth rice fields and a few flat rice fields. More are under construction, thanks, in part, to money earned in the West.

Returnees who have done well abroad can be acquainted with the new houses because they represent a powerful indicator of success.

Getty Images Nghe An, Vietnam - three people in hats are transplanting young rice sprouts in a field Getty Images

Since Vietnam is viewed as a viable alternative to China for businesses looking to diversify their supply chains, it is now receiving significant foreign investment flows. Even this investment is gaining ground in places like Nghe An.

One of the many foreign companies building factories in Nghe An, Foxconn, a corporate giant that produces iPhones, is one of the many that create thousands of new jobs.

However, unskilled workers ‘ monthly salaries only reach around £300, even with overtime. That is insufficient to compete with the captivating tales of the money that can be made in the UK, as told by the people smugglers.

From travel agents to labour brokers

The business of organising the travel for those wishing to leave the province is now a very profitable one. Publicly, companies present themselves as either travel agents or brokers for officially-approved overseas labour contracts, but in practice many also offer to smuggle people to the UK via other European countries. They usually paint a rosy picture of life in Britain, and say little about the risks and hardships they will face.

” Brokers “typically charge between £15, 000 and £35, 000 for the trip to the UK. Because Hungary offers Vietnamese passport holders guest-worker visas, it is a popular entry point into the EU. The higher the price, the easier and faster the journey.

Shutterstock Vietnam President Luong Cuong wears a suit and waves his handShutterstock

The communist authorities in Vietnam have been urged by the US, the UK and UN agencies to do more to control the smuggling business.

Vietnam receives about £13 billion annually from remittances from abroad, and the government has a policy encouraging migration for employment, though only legally, primarily to wealthy Asian nations.

More than 130, 000 Vietnamese workers left in 2024 under the official scheme. However, the costs for these contracts can be high, and the salaries are much lower than what they can expect to make in Britain.

The huge risks of the illicit routes used to reach the UK were brought home in 2019, when 39 Vietnamese people were found dead in Essex, having suffocated while being transported inside a sealed container across the Channel.

Yet this has not noticeably reduced demand for the smugglers’ services. The increased scrutiny of container traffic has, however, pushed them to find alternative Channel crossings, which helps explain the sharp rise in Vietnamese people using small boats.

Success stories outweigh the dangers, according to the saying.

“The tragedy of the 39 deaths in 2019 is almost forgotten,” says the cousin of one of the victims, Le Van Ha. He left behind a wife, two young children and a large debt from the cost of the journey. His cousin, who does not want to be named, says attitudes in their community have not changed.

” People hardly care anymore. It’s a sad reality, but it is the truth.

” I see the trend of leaving continuing to grow, not diminish. For people here, the success stories still outweigh the risks”.

Getty Images Police officers drive escort the lorry in which 39 dead bodies were discovered Getty Images

Three of the victims came from the agricultural province of Quang Binh. The headteacher of a secondary school in the region, who also asked not to be named, says that 80% of his students who graduate soon plan to go overseas.

” Most parents here come from low-income backgrounds”, he explains. The idea of encouraging their child to expand their knowledge and advance their skills is not a priority.

” For them, sending a child abroad is largely about earning money quickly, and getting it sent back home to improve the family’s living standards.”

In March the UK Home Office started a social media campaign to deter Vietnamese people from illegal migration. Some efforts were also made by the Vietnamese government to alert people to the risks of using people-smugglers. But until there are more appealing economic opportunities in those provinces, it is likely the campaigns will have little impact.

Photos of 39 who died in lorry trailer tragedy in UK in 2019

” They cannot run these campaigns just once, “argues Diep Vuong, co-founder of Pacific Links, an anti-trafficking organisation”. It’s a constant investment in education that’s needed.”

She has first-hand experience, leaving Vietnam to the US in 1980 as part of the exodus of Vietnamese boat people.

” In Vietnam, people believe they have to work hard, to do everything for their families. That is similar to a chain from which they are unable to easily escape. However, they might start to change this attitude with more reliable information forthcoming over time.

But the campaigns are up against a powerful narrative. Those who go overseas and fail – and many do – are often ashamed, and keep quiet about what went wrong. Those who succeed come back to places like Nghe An and flaunt their new-found wealth. As for the tragedy of the 39 people who died in a shipping container, the prevailing view in Nghe An is still that they were just unlucky.

Top image credit: Getty Images

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Work It Podcast: Which jobs may enjoy a pay bump in 2025?

Here is an extract from the talk: &nbsp,

Kirsty Poltock, Robert Walters Singapore: &nbsp,

Over the past few years, companies have put more and more emphasis on conservation, and now it’s a key measurement with clear objectives for the next three to five years, depending on the organization.

And they now need to be strong in that and possess the necessary expertise to do so. So that’s where I think, also from the standpoint of a job seeker, you capitalise on that time.

Gerald Tan, co-host:

There are a lot of&nbsp, people I’ve met, they often express interest in the ESG ( economic, social and governance ), in the natural environment jobs. So they keep asking what other sectors have evolving functions that might incorporate some of these alternative ideas or thinking?

Kirsty:

I ‘ve&nbsp, largely seen them in the offer network room, oil and gas, transport, those kind of places. &nbsp,

Tiffany Ang, co-host:

Additionally, you must examine how these businesses can use federal grants. Best? Because of the statements made by these companies,” OK, if you’re in Singapore and the government is going to put a sizable sum into this green fund, this grant,” they’ll be attempting to tap into that, and they’ll then try to fill more positions or recruit new talent for this sustainable manager ( portfolio ), don’t you think?

Kirsty: 

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US sanctions China-based hackers’ cybersecurity service provider – Asia Times

A Beijing-based cybersecurity company was sanctioned by the US Department of Treasury’s Office of Foreign Assets Control ( OFAC ) and charged it with supporting a group of hackers who had attacked American organizations.

Integrity Technology Group, according to the OFAC, has been a victim of numerous system intrusions in the US. Flax Typhoon, a Taiwanese destructive state-sponsored digital group that has been engaged since at least 2021 and frequently targets businesses within US critical infrastructure sectors, has been given the all-clear credit for these incidents. &nbsp,

Bradley Smith, acting director of the Treasury for Terrorism and Financial Intelligence, stated,” The Treasury Department will never hesitate to hold malicious computer celebrities and their drivers accountable for their actions.” As we continue to work together to strengthen public and private sector computer defenses, the US will employ all available means to counteract these risks.

According to the OFAC, Flax Typhoon has compromised computer systems in North America, Europe, Africa, and across Asia, with a special emphasis on Taiwan. It uses legitimate remote access software to keep consistent control over its victims ‘ networks before attempting to gain first access to their computers using publicly known vulnerabilities.

According to OFAC, Flax Typhoon players used system connected to Integrity Tech during hacking operations against many victims between mid-2022 and soon 2023. Flax Typhoon frequently received and sent data from Integrity Technology facilities at the time.

” On this kind of unnecessary and groundless claims, we’ve made apparent our place more than once”, Mao Ning, a director of the Chinese Foreign Ministry, said in a press briefing. ” China opposes all forms of phishing and, in particular, we oppose spreading China-related deception motivated by political agenda”.

In an editorial published on January 2, The China Daily, a state-owned newspaper, claimed that the US had used cutting-edge technology to insert Foreign words and codes into ransomware in the attacked methods to avert the perception that Flax Typhoon is related to China. &nbsp,

Instead of “wasting its day concocting yet another far-fetched plot where Beijing plays the baddie,” it recommended Washington examine cybersecurity with Beijing in working groups.

In an article published on January 4, a Fujian-based journalist using the moniker” Little Penguin” claims that” the US was inferior to others in security knowledge.” ” In rage, it began to pour filthy water on China”.

” The US is the one who launched cyberattacks. More than a thousand centrifuges at Iran’s Natanz nuclear hospital failed as a result of a computer virus that was implanted by the US and Israel in 2007, according to the author. &nbsp,

He claims that the US tried various means of attack, such as restrictions, to harm Chinese companies because it has for a very long time failed to break into China’s security system.

The OFAC’s latest sanction came after the US Justice Department on September 18, 2024, announced a court-authorized law enforcement operation that disrupted a botnet consisting of more than 200, 000 consumer devices ( so-called “zombies” in computer jargon ) in the US and worldwide.

In addition to Flax Typhoon, two additional China-based qualified intrusion adversaries, Ethereal Panda and Volt Storms, likewise became engaged in 2021, according to Texas-based security firm Crowdstrike. &nbsp,

Volt Storms

On May 24, 2023, Microsoft said Volt Storms targeted critical infrastructure organizations in Guam and elsewhere in the US. On August 24 of the same year, it said Flax Typhoon targeted dozens of organizations in Taiwan with the key intention of performing espionage.  

In a report released in February 2024, the Cybersecurity and Infrastructure Security Agency ( CISA ), National Security Agency ( NSA ), and Federal Bureau of Investigation ( FBI ) stated that the state-sponsored cyber actors in the People’s Republic of China are attempting to pre-position themselves for cyberattacks in the event of a major crisis or conflict with the US.

Five Eyes countries’ Joint Cybersecurity Advisory said Volt Storms might launch destructive cyberattacks against critical infrastructure in the US and allies. 

In March, Michael Regan, administrator of the US Environmental Protection Agency, and Jake Sullivan, national security advisor to the president, told US state governors in a letter that Volt Stormss cyber attacks were striking water and wastewater systems throughout the US. 

On April 15 last year, China’s National Computer Virus Emergency Response Center (CVERC) and the 360 Digital Security Group jointly published a report titled “Volt Storms: A Conspiratorial Swindling Campaign Targets with US Congress and Taxpayers Conducted by US Intelligence Community.”

“Volt Storms is actually a ransomware cybercriminal group that calls itself the ‘Dark Power’ and is not sponsored by any state or region,” Foreign Ministry spokesperson Lin Jian said last April, citing the CVERC report.

He added that some US citizens have been using origin-tracing of cyberattacks to target and body China, making the claim that the US is the victim while China is the other way around and politicizing security concerns.

Cao Xing, a doctor at Beijing’s China University of Political Science and Law, writes in an article that was published on January 3 that” the most recent criticism against China is just the tip of the iceberg.” &nbsp,

Looking back on the past several years, Cao says it’s not difficult to see how the US has occasionally tied” digital risks” to China. ” For instance, the US had blamed China for the hacking of senior US authorities ‘ email accounts, including those of the US Ambassador to China.”

He claims that China’s studies have now established that the complaints made by the United States were unsupported. He claims that it’s better for the earth to co-operate and address the issues rather than engage in blind conflict because the intricate web culture may have become a stage for “modern warfare.”

In an annual report submitted to the US Congress on December 18, the US Department of Defense said that since at least 2019, Volt Storms has been compromising and prepositioning itself on US critical infrastructure organizations’ networks to enable disruption or destruction of critical services in the event of increased geopolitical tensions or military conflict with the US and its allies. 

The department said Volt Storms’s targets span multiple critical infrastructure sectors – including communications, energy, transportation systems and water – in the continental and non-continental US and its territories, including Guam. 

It claimed that China’s state-sponsored hackers targeted US defense organizations throughout 2023 and that they had been stealing sensitive information for economic and military gain. &nbsp,

” The targeted information can benefit the PRC’s defense high-technology industries, support the PRC’s military modernization, provide the PRC’s leadership with insights into US plans and intentions, and enable diplomatic negotiations”, it said. &nbsp,

The Asia Times has Yong Jian as a contributor. He is a Chinese journalist who specializes in Chinese technology, economy and politics. &nbsp,

Read: Beijing slams Five Eyes for cyberattack allegations

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Biden blocks Japan’s Nippon Steel from buying US Steel

Getty Images U.S. Steel's Clairton Coke Works rests along the Monongahela River in ClairtonGetty Images

US President Joe Biden has halted a larger Chinese company’s acquisition of US Steel, fulfilling a democratic promise despite concerns that it will damage Washington’s relations with Tokyo and spook off another foreign buyers.

In rejecting the Nippon Steel order, Biden cited threats to national surveillance and claimed US possession was crucial to maintaining powerful supply chains and the US metal industry.

The United Steelworkers ‘ coalition, which had opposed a deal that was a delicate political problem in the US presidential campaign of 2024, was under pressure to do so.

Nippon Steel and US Steel said Biden’s decision showed the review of the deal had been” corrupted” for political gain.

The two businesses said on Friday that they would take “appropriate action to protect their lawful rights,” as they had earlier threatened to sue the authorities if the deal was never reached.

The organizations said in a speech that” we believe that President Biden has sacrificed the future of British workers for his own political agenda,” adding that the decision sent” a chilling information to any organization based in a US allied state contemplating significant investment in the United States.”

Chinese leaders added that they were disappointed by the choice.

The Chinese government has no choice but to take this matter seriously, according to Chinese industry and trade secretary Yoji Muto in a declaration to Reuters.” There are powerful concerns from the financial circles of both Japan and the US, and specially from Chinese industry regarding upcoming investments between Japan and the US.

Biden’s decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal to buy its smaller Pennsylvania-based rival.

It raises important questions about the company’s future, a 124-year-old brand that was once a sign of American technological might but has since lost much.

It spent weeks looking for a consumer before announcing the tie-up with Nippon Steel, the country’s fourth largest chipmaker, in December 2023.

Concerns that some employees and local politicians shared, include the warning that US Steel may have to shut factories without the expenditure that may come with a new owner.

In an effort to woo backs for the offer, the two companies had pledged not to cut jobs and made another agreements. They even made an offer this week to fund a workforce training facility, and they apparently grant the government the authority to reject any planned production reduces.

However, the arguments failed to persuade Biden, who had already come out in opposition to the package at the beginning of the year as the election season grew and Pennsylvania, a crucial swing state, was poised to enjoy a significant role.

The deal was also criticised by President-elect Donald Trump and the approaching vice-president, JD Vance, whose panders to coalition workers formed a large portion of their plan information.

By late December, the US government panel that had been given the task of examining the package for national security threats failed to reach a compromise, requiring Biden to take action within a 15-day date.

In his Friday news, he stated that foreign equity posed a danger and that he had instructed the businesses to end the deal within 30 days.

He argued that a robust internally owned and operated metal industry is necessary for resilient supply chains and a top priority for national security.

” That is because metallic powers our state: our facilities, our auto business, and our defence industrial base. Our country is less powerful and less stable without home steel production and home steel workers.

The United Steelworkers coalition argued that the decision was the “right shift for our users and our nationwide security,” blaming concerns about the industry’s long-term viability as a result.

President David McCall expressed his gratitude for President Biden’s willingness to take bold steps to maintain a robust private metal industry and his lifelong dedication to American workers.

According to Prof. Stephen Nagy of the International Christian University in Tokyo, the administration has always promised a “middle class” foreign policy, and he called Biden’s choice “political.”

He claimed that this was a direct answer to and a continuation of the Trump MAGA objective of making America great again. ” The Trump administration couldn’t look weak on international businesses, whether it’s an alliance or adversary”.

According to Biden, White House spokesman John Kirby said the decision was” about Japan” and no” about Japan.” He also disputed claims that it might harm American ties with friends.

“This is about US steel-making and keeping one of the largest steel producers in the United States an American-owned company,” he said at a press conference.

Stocks in US Steel fell more than 5 % on Friday.

However, according to experts, the decision may not necessarily mean the deal is done. According to Binden’s order, the Committee on Foreign Investment in the United States can prolong the 30-day date to end the deal.

Under Trump, according to Prof. Nagy, the businesses may decide to try again, possibly with various terms that would permit the new president to state that he had struck a better deal.

Terry Haines of Pangaea Policy, a political analyst, added that Trump may have cause to reconsider his position despite his condemnation of the agreement.

One of the things that’s challenging about this choice is that Japan is a very near US ally, he said. Trump will want to minimize saying that the government has a significant factual problem to support what they are doing right now.

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US, EU, Japan tighten research security as China dominance grows – Asia Times

The two nations signed a diplomatic science and technology partnership on December 13, 2024 in response to the escalating tensions between the United States and China. The occasion was billed as a “renewal” of a 45-year-old agreement to promote teamwork, but that may be misleading.

The revised contract significantly narrows the scope of the original contract, limits the topics that can be studied simultaneously, and eliminates partnership opportunities, and introduces a new debate resolution mechanism.

This change coincides with the growing international concern about the safety of study. Governments are concerned about global rivals gaining defense or commercial advantages or protection secrets through cross-border medical collaborations.

Within weeks of each other, the European Union, Canada, Japan, and the United States all unveiled sweeping innovative measures to shield sensitive studies from foreign meddling. However, there is a catch: Too many security could stifle international collaboration that propels technological progress.

As a policy analyst and professor of public affairs, I examine the impact of global cooperation in science and technology on both domestic and international policy. I have followed the US and China’s extremely close ties to science and technology. From a marriage of transfer of knowledge to one of real collaboration and competition.

Does nations tighten research security without undermining the pretty openness that drives science, as security provisions alter this previously open relationship?

two leaders sit at table in front of Chinese and American flags with press corps in front of them
The initial contract on participation in science and technology was signed by Chinese Premier Deng Xiaoping and American President Jimmy Carter in 1979. Dirck Halstead/Hulton Archive via Getty Images / The Talk

China’s rising changes the world panorama

The increase in Chinese medical publications represents a significant shift in international research. Less than 2 % of the study posts included in the Web of Science, a customized database of intellectual output, were written by Chinese authors in 1980.

By 2023, they had surpassed the United States and ended its 75-year tenure at the top, which had begun in 1948 when it surpassed the United Kingdom, in my opinion.

In 1980, China had no branded ideas. By 2022, Taiwanese firms led in US patents issued to international organizations, receiving 40, 000 inventions compared with fewer than 2, 000 for British firms. In the many innovative fields of science and engineering, China is at the world border, if not in the guide.

China and the United States have collaborated extensively in research since 2013. Chinese academics and students collaborated on exploration in the US.

Most American politicians who supported the filing of the 1979 bilateral agreement believed science would open up China. China has instead embraced technologies to strengthen its military and promote provincial dominance and global influence.

Science and technology leaders win battles and establishes prosperous markets. China’s growing power, backed by a state-controlled state, is shifting world power. China frequently keeps its researchers ‘ job technique and also stealing Western tech through hackers, forced engineering transfers, and industrial espionage, unlike open societies where research is open and shared.

Some institutions are now putting in place strict safety procedures because of these techniques.

Governments respond

China is said to have stolen sensitive technologies and analysis data to increase its security capabilities, according to the FBI. Under the Trump administration, the China Initiative aimed to eradicate criminals and spies.

The Biden administration continued to exert force. The National Science Foundation must demonstrate SECURE, a facility to assist colleges and small companies in helping the research group make security-informed choices, in accordance with the 2022 Chips and Science Act. To assess the success of its vision, I am collaborating with SURE.

Other developed countries are on call, also. Associate state are being advised by the European Union to increase safety measures. Japan joined the US in releasing comprehensive innovative measures to shield sensitive studies from unauthorized access and use.

As a defense against exploitation by China, Western countries are speaking out more frequently about modern sovereignty. Also, Asian countries are afraid of China’s purposes when it seeks to collaborate.

Australia has been particularly vocal about the danger posed by China’s fall, but some, too, have issued cautions. A stable international cooperation policy was published in the Netherlands. Sweden raised the alarm after a study revealed how spies had abused their institutions.

Canada established the Research Security Centre for Public Safety and, like the US, established geographically dispersed experts to give immediate aid to institutions and experts. For analysis partnerships involving delicate technologies, Canada today requires a mandatory risk assessment. In Australia and the UK, identical strategies are being used.

Germany’s 2023 rules establish adherence units and morality committees to monitor security-relevant research. They are charged with advising experts, settling issues, and weighing the legal and security implications of analysis projects. The boards place a lot of emphasis on putting in safeguards, limiting access to sensitive data, and weighing possible use.

Researchers are required to provide information on their affiliations, funding sources, both domestically and internationally, as well as potential conflicts of interest, according to Japan’s 2021 plan. A cross-ministerial R&amp, D control system is rolling out meetings and seminars to inform experts and corporations about emerging dangers and best practices for upholding research protection.

More than 206 studies security policy claims issued since 2022 are maintained in a database maintained by the Organization for Economic Cooperation and Development.

two women raise grasped hands and one holds a rolled up award
Emmanuelle Charpentier, left, from France, and Jennifer Doudna, from the U. S., shared the Nobel Prize in chemistry in 2020 for their mutual analysis. Miguel RiopaI/AFP via Getty Images / The Talk

Openness waning

The global collaboration that propels scientific progress may be hampered by the emphasis on security. As much as 25 % of all US medical reports result from global cooperation. Evidence demonstrates that studies with a higher impact is produced by international cooperation and flexibility. The most renowned researchers have international responsibilities.

Even more thoroughly, research depends on the free flow of ideas and ability across borders. As edges opened, technological progress accelerated after the Cold War. International cooperation have increased significantly, demonstrating the increasingly global nature of science, despite the country’s study result remaining stagnant in recent years.

Implementing these new needs without creating a culture of fear or loneliness will be the challenge for study institutions. Border reduction may slow down progress. Scientific flexibility has a certain degree of risk, but we may be entering the finish of a world, creative era in science.

Caroline Wagner is professor of common interests, The Ohio State University

This content was republished from The Conversation under a Creative Commons license. Read the original content.

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China’s homemade C919 jet takes to global skies – Asia Times

The first step in the development of China’s self-developed C919 narrow-body passenger jet, the first to compete with Boeing and Airbus for global industry, has been ordinary airlines between Shanghai and Hong Kong since the beginning of 2025. &nbsp,

Aircraft MU721, carrying 157 people, took off from Shanghai Hongqiao International Airport at 8: 21 am on January 1, marking the indigenously-assembled plane’s first international flight. In China, trip roads between Chinese places and Hong Kong are categorized as “international”.

Hong Kong becomes the ninth area on which China Eastern Airlines often operates C919 industrial planes and the first city outside the Chinese mainland with the beginning of the MU721 route.

The new company offers opportunities for users in other countries to learn more about the C919’s performance, according to Wang Yanan, the chief writer of the Beijing-based Aerospace Knowledge magazine, given Hong Kong’s significant international transportation hub.

The company plans to deploy the C919 for use in commercial flights between China and Southeast Asia in 2026, according to Yang Yang, deputy general manager of the state-owned Commercial Aircraft Corporation of China ( Comac )’s marketing center.

” We want to enhance the functional deployment of C919 aircraft in China,” Yang said,” to thoroughly examine any possible issues before extending to Southeast Asia.”

Comac showcased its ARJ21 and C919 at the Singapore Airshow next February. Indonesia’s TransNusa started using the ARJ21 in a Manado-Guangzhou journey last October and was apparently considering using the C919 in the future. &nbsp,

Comac said next November that its C929, a long-range 250-to-320-seat wide-body twin-jet aircraft, was still in its initial design phase. Chinese internet said the C919 aims to engage with France’s Airbus A320 and America’s Boeing 737 while the C929 may compete with the A330, A350 and 787.

The C919’s creation began in 2008 with the release of the first design in November 2015. The Civil Aviation Administration of China, the nation’s civil aviation authority, issued a flying license in September 2022 after making its first journey in May 2017.

Although praised as dessert, 40 % of the plane’s parts are imported. Its manufacturers include large American companies like Collins Aerospace, Honeywell, and Thales.

Its high-bypass turbofan engine, known as the leading edge aviation propulsion ( LEAP-1C), is made by CFM International, a 50-50 joint venture between America’s GE Aviation and France’s Safran Aircraft Engines.

It hasn’t been all obvious stars for the aircraft. A C919 plane operated by China Eastern Airlines had to reduce its voyage and land at Beijing Capital International Airport on February 1, 2023 when one of its engines failed to activate the put reverser, which is designed to decrease the aircraft. &nbsp,

In spite of this, the plane made its first corporate flight to Beijing in May 2023 from Shanghai. The Shanghai-Beijing way became a normal support in January 2024. &nbsp,

Foreign observers appear to have focused more on supply chain issues than health issues. &nbsp,

” Simply when its self-developed CJ1000A website is available for use in C919, China may no longer have to worry about the West’s systems ban”, Xiao Pang, a Henan-based blogger, says in an article.

He says the CJ1000A website has a force of 14.5 lots, exceeding that of LEAP-1C, and will be available for use in the C919 in 2025. He says, CJ2000, a more effective engine, will be used in the C929 some years later.

It’s unclear whether Comac will make a rush effort to replace the CJ1000A with the LEAP-1C because a single incident will destroy international customers ‘ faith in Chinese plane. &nbsp,

In 2016, Comac and Russia‘s United Aircraft Corporation ( UAC ) signed a memorandum of understanding for a program to develop a wide-body twin-jet airliner called CR929. &nbsp,

Previous studies stated that UAC would concentrate only on China’s markets while Comac would concentrate solely on domestic markets. &nbsp,

However, the task foundered on conflicts. According to Chinese experts, UAC requited to have a share of China’s domestic airplane areas. After the relationship ended in 2023, China renamed the CR929 as C929. &nbsp,

Individually, China had also tried to obtain aircraft engine tech from Ukraine.

Again in 2015, four Chinese firms, including Skyrizon Aircraft and Xinwei Technology, reportedly purchased a 56 % interest in Ukraine’s Motor Sich, which produced the D-18T website, a high-bypass turbofan with a force of 23 lots, for use in transport plane An-124 and An-225.

In 2016, Aerospace Industry Corporation of China ( AICC ) and Ukraine’s Antonov signed an agreement on a project to produce the An−225.

The four Chinese firms were sanctioned by Ukrainian President Volodymyr Zelenskyy in February 2021 because they feared that Motor Sich’s aircraft engine systems may be transferred to China for military usage.

In November of the same year, Zelenskyy used military laws to nationalize the Zaporizhia-based Motor Sich, which is still under the protection of Russian army, after the Ukraine conflict broke out in February 2022.

A number of reports that claimed China is capable of replicating the D-18T were published online in China last November. &nbsp,

An Anhui-based writer&nbsp, said that&nbsp, with the D-18T, China’s military transport plane Y-20 does have its pulling power fit with the An-124 and also increase its range to 6, 000 kilometers. A Chongqing-based blogger said China can use the D-18T technology to improve the design of the CJ1000 website. &nbsp,

China Hangtie Group Co ( CAGC), a state-owed company, said in footage circulated on social media in May 2022 that it was going to dismantle the Antonov An-225 Mriya, the world’s largest and most powerful transport aircraft, which was shot down by Russian troops in April. According to reports, the plane’s six D-18T machines were in good condition. &nbsp,

Eventually, CAGC removed the video from the Internet. China’s Paper.cn said there was no proof that any Chinese company had obtained the An-225. &nbsp, &nbsp,

Yong Jian contributes to the Asia Times. He is a Chinese columnist who specializes in Chinese technologies, economy and politics. &nbsp,

Read: Taiwanese C919’s website faults in flight check

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