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Oil falls, Asian stocks climb on hopes of US-Iran Hormuz deal
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Wemby stars as Spurs rip Thunder to level NBA playoff series
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Toshifumi Suzuki, 'father' of Japan convenience stores, dies at 93
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Activists campaign for Mexico's missing people near World Cup stadium
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Thai beer heir sexual abuse allegations ignite rare public reckoning
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Philippine construction collapse toll hits three, 17 missing
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'Tired' Messi exits MLS game in injury scare ahead of World Cup
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NRL boss Abdo quits to join Tennis Australia: reports
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Drug-fueled Enhanced Games falling short of world marks
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Pope to release major artificial intelligence manifesto
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AI chip demand drives 6% growth for Singapore in first quarter
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Lionel Messi exits MLS game in injury scare ahead of World Cup
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Arteta urges Arsenal to make history in Champions League final
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Jonathan David, Canada's 'Iceman' aiming to light up World Cup
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With ice cream and giant fans, hajj pilgrims battle searing heat
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'Spider-Noir' brings a mature superhero to the small screen
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Stifling heat, storm delays: weather extremes could impact World Cup
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'He's tiny! It's blue!': Scientists find new deep-sea octopus
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Drug-fueled Enhanced Games not beating world marks early
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Deadly Israeli strikes pound south, east Lebanon
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Wemby makes first All-NBA first team but not unanimously
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Drug-fueled Enhanced Games begin in Las Vegas
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Delighted Hamilton rolls back years with vintage runner-up effort
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Antonelli regrets Russell retirement but happy with F1 lead
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Four in a row for Antonelli after victory in Canada
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Djokovic fights through tough Roland Garros opener, Zverev strolls
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Clark fires sizzling 60 to win PGA CJ Cup Byron Nelson title
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Como, Roma reach Champions League, Milan and Juve left in limbo
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Antonelli wins Canadian Grand Prix to extend championship lead
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Mandalorian and Grogu blast to first place in weekend box office
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Second division Torreense stun giants Sporting in Portuguese cup final
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Como, Roma reach Champions League, Milan and Juve miss out
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Djokovic comes from behind to keep Roland Garros bid alive
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Sweden's Rosenqvist wins closest-ever Indy 500
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Villarreal crush Atletico to claim third in La Liga
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Como, Roma reach Champions League, Milan, Juve miss out
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Ready, set, dope: Enhanced Games to begin in Las Vegas
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Senegal parliament speaker steps down in political crisis
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'Be yourself' Guardiola tells Man City successor
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Rubio accuses Hezbollah of trying to 'drag Lebanon back into chaos'
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China launches crewed space flight as part of Moon ambitions
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'Sad' Nuno apologises to fans after West Ham relegation
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Juve's derby with Torino delayed by an hour after trouble leaves fan in hospital
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Juve's derby with Torino delayed after trouble leaves fan in hospital
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Arteta savours Arsenal's 'beautiful' trophy celebration
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Emotional Salah proud to put Liverpool 'back where it belongs'
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Arsenal lift Premier League trophy after beating Palace
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Spurs must invest to build 'top team': De Zerbi
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Spurs win to relegate West Ham as Guardiola, Salah say Premier League farewells
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Carrick says Man Utd's third-place finish 'something to build on'
US lawmakers to vote on China competition bill
US lawmakers were due to vote Friday on a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China's growing influence and easing a global shortage of computer chips.
The House Democrats' America Competes bill is their version of the $250 billion US Innovation and Competition Act that passed the Senate last summer with cross-party support.
The legislative push comes after the US Commerce Department warned that companies have an average of less than five days' worth of semiconductor chips on hand, leaving them vulnerable to shutdowns.
President Joe Biden wants to invest $52 billion in domestic research and production and, after sitting on the bill since June, House Speaker Nancy Pelosi recently listed the $350 billion package as a top priority.
"Together, we have an opportunity to show China and the rest of the world that the 21st century will be the American century -- forged by the ingenuity and hard work of our innovators, workers, and businesses," Biden said in a late January endorsement of the legislation.
Its passage into law would mark a win that Biden would love to be able to trumpet at his State of the Union address on March 1, although it will need to be married with the Senate version, which could take several weeks.
- 'Predatory trade' -
The White House sees the initiative as the main legislative tool to combat China's growing prowess.
Senior administration officials, including Commerce Secretary Gina Raimondo, have been pushing the House behind the scenes to move it quickly.
The 2,900-page House version is set to be controversial, however, as it includes proposals that are unpopular with Republicans and didn't appear in the Senate text.
House Republicans complain that much of the legislation was developed behind closed doors, without public hearings or consultations, and with no committee process.
They say it is weak on China, overly focused on unrelated issues like climate change, human rights and social inequality, and stuffed with Democrat-sponsored trade provisions they reject.
"This partisan bill does nothing to hold China accountable for its predatory trade practices, enforce President (Donald) Trump's historic agreement to stop China's cheating on trade, or counter China's trade aggression around the world," Kevin Brady, the top Republican on the House Ways and Means Committee, said in a statement.
He accused Biden of being "content to sit on the sidelines" while foreign countries block US farmers and businesspeople from competing on a level playing field.
- '3,000-page giveaway' -
"Democrats have jammed this nearly 3,000-page giveaway with billions of dollars of new trade assistance welfare and lavish health care subsidies that discourage the jobless from connecting to work," Brady added.
"They hold the world's poorest countries hostage to Green New Deal demands, and make it harder for American manufacturers to qualify for lower tariffs on products needed to compete and win, both here and abroad."
Democrats don't need House Republican support to pass the bill, but a unanimous rejection from the opposition will complicate its passage to Biden's desk.
It is destined for a "conference committee" to merge the bills from both chambers, with Senate Republicans especially influential since at least 10 of them will be needed to advance it from the upper chamber.
Republican Todd Young, the senior senator for Indiana, told reporters on Thursday he and his colleagues would send House Republicans "a much better option to vote on in the next couple of months."
"If instead the House had taken an approach using regular order, as we did in the Senate, with fulsome opportunity for bipartisan input, they'd have a better work product and they would have earned a lot of Republican votes," he said.
D.Lopez--AT