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The US government's decision to add eight Chinese technology companies to its "Entity List" will hurt the interests of their suppliers in the United States and hamper global cooperation on artificial intelligence, analysts said on Tuesday.

The US government began a bailout of the American auto industry in 2008 under President George W. Bush with billion in aid to General Motors Co, Chrysler and their lending units. Then President Barack Obama added about billion to the total.

The US Treasury Department labeled China a "currency manipulator" on Aug 5 after the yuan weakened to below 7 against the US dollar.

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The United States' State Department said it had contacted the two countries and called on them to "use the existing direct communication links between them to avoid further escalation".

The United States, which followed China, produced 53 billionaires in 2017, said the report.

The US move against Huawei reminded Victor Wang, founding and managing partner of Silicon Valley-based CEG Ventures, of Chinese telecommunications company ZTE, which underwent a US export ban last year. The ban was lifted after the US made a deal with the company.

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The US Supreme Court's decision that about half of the eastern part Oklahoma is part of a Native American reservation overturns a criminal conviction and may have far-reaching implications for the region's 1.8 million residents.

The US Bureau of South and Central Asian Affairs said in a tweet that the United States was "deeply concerned by news the Sri Lanka Parliament will be dissolved, further deepening the political crisis". It said democracy needed to be respected to ensure stability and prosperity.

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The UK has also effectively hamstrung itself in the race to achieve widespread 5G, and all the supplementary benefits that technological milestone will bring, according to Ed Brewster, a spokesman for Huawei UK.

The US Federal Reserve on Wednesday said it has no plans to increase interest rates through at least 2023 and will continue to support the economy as it struggles to recover from the worldwide coronavirus pandemic.