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Biden Admin Crafts New Rules to Stop US Investments in Chinese Tech Companies End-shutdown
The US administration plans to introduce new rules to prevent US investors from financing Chinese companies. The move is aimed at banning the flow of money to certain Chinese sectors, according to a Mint report. The decision is seen as an attempt to protect American technological prowess as the rivalry between the two countries escalates. […]
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Salesforce to lay off 8,000 workers in latest tech purge End-shutdown
Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to cut payrolls that expanded rapidly during the pandemic lockdown. The cuts announced Wednesday are by far the biggest in the 23-year history of a San Francisco company founded by former Oracle executive Marc Benioff. […]