Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

China slaps sanctions on 13 US military firms over Taiwan arms sale

by
December 5, 2024
in Stock
0
China slaps sanctions on 13 US military firms over Taiwan arms sale

BEIJING (Reuters) – China has decided to impose sanctions on 13 U.S. military firms from Thursday, in response to the sale of U.S. arms to Taiwan, the foreign ministry said after the United States arranged for Taiwan’s president to transit through its territory.

The step follows China’s strong objection to the United States authorising a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan, which Beijing says undermines its sovereignty and territorial integrity.

China, which considers Taiwan its own territory and its President Lai Ching-te a dangerous separatist, opposes any foreign interactions or visits by the island’s leaders.

Companies targeted by the sanctions include Teledyne Brown Engineering Inc, BRINC Drones Inc and Shield AI Inc, the foreign ministry said in Thursday’s statement.

Other companies facing sanctions are Rapid Flight LLC, Red Six Solutions, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Systems Inc, HavocAI, Neros Technologies, Cyberlux Corporation, Domo (NASDAQ:DOMO) Tactical Communications and Group W.

In addition, China will freeze the assets of six executives from five companies including Raytheon (NYSE:RTN), BAE Systems (LON:BAES) and United Technologies (NYSE:RTX), in China, and bar their entry to the country.

Chinese organisations and individuals are also prohibited from dealing with them.

This post appeared first on investing.com
Previous Post

Analysts weigh in on Robinhood investor day

Next Post

Synopsys shares slide as soft guidance offsets Q4 results beat

Next Post
Synopsys shares slide as soft guidance offsets Q4 results beat

Synopsys shares slide as soft guidance offsets Q4 results beat

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    January 23, 2025
    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    January 23, 2025
    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    January 23, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators
    • ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved