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Page 2 - Us Security

Donald Trump orders ban on transactions with eight more Chinese apps

Trump has signed an executive order barring transactions with eight Chinese apps including Alipay and WeChat Pay to protect America's national security

Donald Trump orders ban on transactions with eight more Chinese apps
Updated On : 06 Jan 2021 | 8:33 AM IST

Trump administration obstructs transition in key security areas, says Biden

Biden said his team is not getting "all the information that we need from the outgoing administration in key national security areas." "It's nothing short, in my view, of irresponsibility," he added

Trump administration obstructs transition in key security areas, says Biden
Updated On : 29 Dec 2020 | 6:38 AM IST

US security watchdog expands scrutiny to more Chinese deals

Insurance mergers and acquisitions rarely raise red flags with US national security watchdogs. China's Fosun International took that history to heart last year when it paid $1.84 billion for the remaining 80 per cent stake of US property and casualty insurer Ironshore Inc that it did not already own.But in December 2015, one month after Fosun completed the acquisition, it was approached by officials at the Committee on Foreign Investment in the United States (CFIUS), a government panel that scrutinises deals over national security concerns, according to people familiar with the matter who asked not to be identified because these details are not public. CFIUS was concerned about how Fosun would operate Ironshore's Wright & Co, a provider of professional liability coverage to US government employees such as law enforcement personnel and national security officials, including the Central Intelligence Agency, according to these sources.Fosun, Ironshore and CFIUS all declined to comment

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Updated On : 12 Oct 2016 | 12:12 AM IST