Tag Archive : probing

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OTTAWA (Reuters) – Canada is probing allegations that Azeri forces involved in fighting with Armenia are using Canadian drone technology that was initially exported to Turkey, Prime Minister Justin Trudeau said on Friday.

Project Ploughshares, a Canadian arms control group, says video of air strikes released by the Azeri air force indicates the drones had been equipped with imaging and targeting systems made by L3Harris Wescam, the Canada-based unit of L3Harris Technologies

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The Globe and Mail newspaper said the firm had received permission earlier this year to ship seven imaging and targeting systems to Turkish drone maker Baykar. Turkey is a key ally of Azerbaijan, whose forces have been fighting for a week over the disputed enclave of Nagorno-Karabakh.

“In regards to the Canadian military equipment that may have been used … the minister of foreign affairs has launched an investigation into what exactly happened,” Trudeau told reporters when

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CFIUS probing past Chinese investment

September 29, 2020 | technology | No Comments

The letters, which began landing in dozens of companies’ email inboxes in the spring, reflect the broadly held view among U.S. officials and lawmakers that the United States failed in recent years to adequately screen investments pouring in from China and other countries — particularly low-profile venture-capital investments that didn’t make the headlines. The 2018 Foreign Investment Risk Review Modernization Act, or FIRRMA, aimed to address that by boosting CFIUS’s funding and powers.

Tech executives say the inquiries are part of a growing chill in U.S.-China relations that has made Silicon Valley companies more cautious about accepting foreign investments and caused some China-backed venture-capital funds to curb their activity.

The decoupling can be seen in data showing that Chinese venture-capital investment in the United States dropped to a six-year low in the first half of 2020, to $800 million, according to research provider Rhodium Group. VC investment by U.S. firms

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