Sunday, April 18, 2021
No menu items!

Court ruling temporarily suspends US ban on investment in Xiaomi

A U.S. federal judge on Friday temporarily blocked the U.S. Department of Defense from restricting U.S. investment in Chinese smartphone manufacturer Xiaomi Corp.

The Defense Department, under the former U.S. President Trump administration in mid-January, added Xiaomi and eight other firms to a list that requires American investors to divest their holdings in the firms by a deadline, as these companies are allegedly linked to the Chinese military.

Xiaomi in late January filed a complaint in a Washington court seeking to be removed from the list.

U.S. District Judge Rudolph Contreras on Friday put a temporary pause to the ban for Xiaomi, and Contreras said Xiaomi was likely to win a full reversal of the ban as the litigation unfolds.


Latest News

Fed up over lockdown, demonstrators hit the streets of Toronto

Fed up over tighter pandemic restrictions, demonstrators hit the streets of Toronto Saturday (April 17) carrying signs...

Shootout at Texas traffic stop leaves two dead; officer, one other wounded

The driver and passenger of a vehicle were killed in a shootout with a San Antonio police officer on Friday (April 16),...

COVID-19 alarming surge fails to deter political ambition in eastern India

India's eastern state of West Bengal voted for the fifth phase of elections amid an alarming rise in cases of coronavirus across...

Stores on fire as protests in Portland turn violent following fatal police shootings across the country

Fires were seen in parts of downtown Portland late on Friday (April 16) after protesters gathered to protest police killings across the...

Harry rejoins royals for Philip’s funeral procession

Britain's Prince Harry, joined his brother Prince William and other members of the Royal Family on Saturday (April 17) for the funeral...

More Articles Like This