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ARM won't sell its latest chip designs in China due to US and UK export controls
ARM won't sell its latest chips to Chinese tech giant Alibaba after concluding that the US and UK would not approve licenses to export the tech.
Twitter confirms 'Bitcoin' hackers copied the data of several accounts
Twitter confirmed that during the security breach revealed on Wednesday when accounts for Joe Biden, Bill Gates and others were hijacked, attackers exported copies of the data from at least eight of their targeted accounts.
US catches spies shipping military tech to Russia
We got some good things out of the Cold War, like James Bond and John le Carré, but overall it was a pretty miserable period in history. That's why it's so disappointing to see Russia trying to bring us back to those dark with its latest attempt at ham-fisted espionage. The Department of Justice has announced that an American and two Russians have been arrested on suspicion of running a scheme to swipe military technology. According to a statement, the trio posed as a US electronics startup in order to buy integrated circuits for weapons.
US to give ZTE a break on tech exports
ZTE might not be cut off at the knees by US export restrictions... at least, not yet. An unnamed Commerce Department official tells Reuters that the American government will temporarily lift those restrictions in return for ZTE's willingness to come to terms, including an agreement to abide by unknown "binding commitments." It's reasonable to presume that ZTE won't be selling US equipment to Iran, which is what got it into hot water in the first place.
ZTE faces restrictions on using US technology
Chinese companies already have a hard time doing business with the US (mostly over spying fears), and it's about to get worse. Reuters sources understand that the US Commerce Department is about to slap ZTE with restrictions on what it's allowed to import from its American suppliers. From March 8th onward, those companies will reportedly need to apply for export licenses to ship anything to ZTE, and those grants will "generally be denied." The move would be punishment for allegedly breaking export rules by shipping US tech to Iran.
US allows widespread exports of armed drones to its allies
The US has unsurprisingly kept a tight lid on sales of armed drones to prevent the technology from getting into the wrong hands, but it's about to loosen up... to a degree. The Department of State has introduced an export policy that clears the way for selling weaponized drones to allied countries. These partners must agree to use robotic warplanes according to certain principles; the machines are for national defense, not crushing internal political dissent. Nations also have to make a strong argument for why they truly need armed drones, and the US reserves the right to monitor usage, train crews or both.
Chinese online retail giant 360buy spreads worldwide, may keep Amazon on its toes
Many of us who live in North America and Europe consider Amazon synonymous with online retail -- yet we forget that the company barely even registers in some parts of the world. That misconception is about to be cleared up now that one of China's largest online retailers, 360buy, is going global. A just-launched English version of the store is initially shipping China-made goods for free to 36 countries that include obvious candidates like Australia, Canada, the UK and the US as well as France, Germany and southeast Asia. You're unlikely to find a Kindle Fire HD equivalent in the selection, but the mix could still make Amazon nervous when the brand-agnostic can already find real bargains. Combined with long-term plans to set up local distribution points, 360buy's international expansion could get more of us comfortable with buying from China and heat up a retail race that some thought had already been won.
WTO ruling revives debate over China's rare earths trade
China suffered another setback at the WTO yesterday, thanks to a ruling that could spell trouble for its controversial rare earths industry. In a decision issued Monday, a WTO panel determined that the Chinese government has been acting in violation of international trade rules, due to export restrictions on a number of raw materials. These restrictions, the panel said, allowed Beijing to inflate global market prices, while giving an advantage to domestic producers. As a result, China will likely have to adjust its trade policies to comply with WTO regulations. In a statement, the country's Ministry of Commerce said it "deeply regrets" the decision, but confirmed that the People's Republic will adhere to it. This week's ruling applies to materials like bauxite, coke, magnesium, manganese and zinc, but, most notably, does not apply to rare earths -- a group of 17 elements critical to the production of tablets, smartphones and myriad other gadgets. China has maintained a rather tight grip over the world's rare earths market, thanks to a slew of export controls, quotas and government-erected barriers to entry. The country has come under intense international pressure in recent years, with the US, EU and Mexico filing complaints with the WTO, arguing that China's price-inflating restrictions violate international trade agreements. Beijing, for its part, has long maintained that its export controls are designed to minimize the environmental impact of rare earth mining, while meeting the country's surging domestic demand. It's an argument that's come up a lot during this debate but one that the WTO, on Monday, deemed illegitimate, stating that China has thus far been "unable to demonstrate" the environmental benefits of its policies. The decision won't have any immediate bearing on these policies, but some observers are hopeful that it may be a sign of things to come. Michael Silver, CEO of rare earth processor American Elements, told Reuters that the ruling "confirms the existence of the two-tiered price structure that has caused so much concern," with EU Trade Commissioner Karel De Gucht adding that the decision should force China to remove restrictions on both the aforementioned raw materials and rare earths, alike. Others, however, aren't so optimistic, pointing out that, with a full 95 percent of the rare earths market under its aegis, China could realistically afford to ignore any decisions handed down from the WTO in the future.
Global rare earth supply deficit should turn into a surplus by 2013, Goldman Sachs says
It looks like rare earth elements are getting slightly less rare. According to a research note released by Goldman Sachs today, the world's rare earth supply deficit will probably reach its apex this year, before converting into a surplus by 2013. Goldman's analysts constructed their projections based on evidence that many Western companies have begun building their own mines, in response to China's overwhelming market dominance. Today, the People's Republic produces about 90-percent of the world's rare earth minerals -- a group of 17 elements that are used to manufacture many of the flat screen TVs, hybrids and cellphones we've come to know and love. Over the course of the past few years, China has only consolidated its hold on the industry, thanks to economic policies aimed at nationalizing private mines and implementing restrictive export quotas. As a result, global rare earth prices have skyrocketed, forcing mining companies in the US and elsewhere to look inward and harvest their own deposits. The only downside, however, is that even if global supply spills into a surplus within the next two years, prices probably won't cool down until 2015. But at least the horizon looks brighter than it has in recent months.
The Lawbringer: Rookie's guide to the EULA, part 2
Welcome to the Lawbringer, WoW.com's weekly examination of the intersection between law and the World of Warcraft. Your tour guide is Amy Schley, recent law school grad. Last week, we looked at the first half of the EULA -- the license limitations, the steps to terminate the agreement and a few other provisions. This week is the back half of the EULA -- the warranties, conflict resolution provisions and miscellaneous provisions. Export controls Section 8 prohibits the export and sale of the game to countries the United States has embargoed or persons that are on the "Specially Designated Nationals" list, essentially a list of terrorist organizations. Alas, this means that we won't be settling the War on Terror with world PvP death match.
Is China's WoW delay politically motivated?
I don't presume to know much about trade policy or international relations, so I'll just pass you this link to a story over on VentureBeat and let you decide for yourself. You probably have already heard that Blizzard has had plenty of trouble trying to bring World of Warcraft back online in China -- they've been waiting on approval from the Chinese government's General Administration of Press and Publication, which has already mandated a few changes to the game. Dean Takahashi at VB suggests that rather than being a technical issue, the delay may actually be political and/or economically motivated: the US and China have been bumping gently lately over exports and imports, and Takahashi suggests that Blizzard's game may have gotten caught in the middle. The GAPP, he says, may be holding the game back, concerned that such a popular foreign game might be released again on their soil.Fortunately, even Takahashi says it's unsubstantiated -- WoW is likely to go back online in China in a matter of days, and the delays could just as easily have been administrative errors. But I do agree with Takahashi that it's worth watching -- China is cautious about allowing foreign manufacturers to sell to their citizens, and video games are no exception.
LGJ: Serious games with serious regulations
Each week Mark Methenitis contributes Law of the Game on Joystiq ("LGJ"), a column on legal issues as they relate to video games: One of the areas in which the law firm I work for focuses on is international trade, which many of us might assume doesn't have a significant impact on the video game industry. Surprisingly, there is a growing sector of the industry that has a great potential for international trade problems. That sector is often referred to as "serious games" (or games with a purpose other than pure entertainment). In fact, there are a few specific areas that serious game developers need to be particularly wary of to avoid problems with US Customs.Before getting into the specifics,let's delve into a brief overview of international trade regulation. After all, the new administration has noted trade enforcement as a top priority, so it could potentially impact many different people in the community; like it impacted the mod chip importers not too long ago. In short, the primary areas of trade regulations are on imports and exports, although other related areas like the Foreign Corrupt Practices Act are starting to get a lot more attention. Imports (in other words, anything you bring into the country) have to be classified so that the proper taxes can be paid on the goods. Exports (anything you send out) have to be classified so that the government can track and prevent certain products from going to certain people and places. These are two different concerns, but if you don't follow the rules, it can land you stiff fines, penalties, and even a prison sentence.
Strong yen prompts Sony to lower production costs
While it's true that news involving global financial markets is about as exciting as an English Patient theme park ride, we managed to make it all the way through a recent Reuters article detailing ... something about dollars and yens. Oh, right. At a Taipei News conference, Sony laid out its strategy for dealing with the negative impact the strengthening yen was having on profits, particularly those gained from exports. The manufacturer explained that it would lower production costs and, in the short term, accept a greater number of product orders. With three quarters of its revenues earned internationally, Sony's profits aren't best pleased when the weakening dollar takes a bite out of exports. Reuters notes that for every one yen rise against the US dollar, Sony loses approximately $59 million. We bet that's keeping somebody awake at night.
Lik-Sang busted for grey market imports, European fanboys weep
In a move that could have serious repercussions for gamers worldwide, the UK High Court has ruled that noted Hong Kong-based electronics exporter Lik-Sang is in violation of Sony's intellectual property rights when it sells the company's hardware inside the European Economic Area. As many of you know, Lik-Sang has been a primary source for hard-to-find foreign gadgets, exporting such products as Nintendo's DS Lite weeks or months before they launch in the rest of the world. Sony claims that it will continue to pursue grey market importers under the guise of "protecting consumers" from gear that doesn't conform to local safety standards, electrical voltages, and software encoding, even though it would seem that most people purchasing these goods are fully aware of what they're getting into. This development should be especially troubling to European gamers, who may have been hoping to snatch up a PS3 several months before the scheduled rollout there; now, exporters will likely be more wary of shipping consoles to Europe in light of this legal precedent. On a completely separate note, Engadget has recently secured 1,000 PS3 units and a small plane to smuggle them overseas, where we'll be selling them out of the back of a Land Rover on a first come, first served basis for €10,000 apiece (component and HDMI cables not included).[Via Gamesindustry.biz]
