LEGAL/POLICY

By Catherine Sbeglia With mere days left in office, President Donald Trump and his administration have added nine Chinese companies, including smartphone maker Xiaomi, to a list of firms suspected to be owned or controlled by China’s military. When placed on the list, the companies become subject to harsh restrictions and cannot benefit from American investment. Xiaomi recently took Apple’s place as the world’s third largest smartphone maker, according to market intelligence firm IDC, but with this latest news, the company saw its stock fall more than 10 per cent...

And All Lenders On Tuesday, January 19 By Godson Umejiego, Correspondent USA The US Small Business Administration, in consultation with the US Treasury Department, will re-open the Paycheck Protection Programme (PPP) loan portal to PPP-eligible lenders with US$1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA. Earlier in the week, SBA granted dedicated...