Daily Memo: Antitrust in China, US Sanctions, South Caucasus Update

In some ways, Beijing is as concerned about big tech companies as the U.S. is.

Chinese antitrust. On Tuesday, Chinese regulators published sweeping new antitrust rules targeting Chinese tech giants, the latest move in a slow-motion collision between the state and mega-firms like Alibaba. Beijing’s concerns are partly economic; the rapid growth of Chinese tech firms, along with their expansion into sectors like financial services, has generated risks for consumers, small businesses and financial stability. But they’re also political; Beijing is increasingly uneasy with tycoons wielding so much power over data and communication. More Nord Stream sanctions. The United States will introduce additional sanctions on the Nord Stream 2 gas pipeline in its 2021 National Defense Bill, which must be passed by the end of the year. According to Bloomberg, the new sanctions will target insurers and technical certification companies that work with Russian vessels to complete the project. Sanctions on Iran. The U.S. Treasury has introduced new sanctions on Iran targeting six Iranian companies and four individuals accused of facilitating the procurement of sensitive goods and electronics and of supplying products to the Iranian military. Pompeo abroad. U.S. Secretary of State Mike Pompeo will conduct official visits in Europe and the Middle East from Nov. 13 to Nov. 23. He will meet with senior […]

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