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Home / World / Pompeo Announces $ 113 Million for Technology, Energy and Infrastructure Initiatives in the Indo Pacific Region

Pompeo Announces $ 113 Million for Technology, Energy and Infrastructure Initiatives in the Indo Pacific Region



TRADE

Pompeo Announces "Indo-Pacific" Plans

US Secretary of State Mike Pompeo announced $ 113 million on Monday for new technology, energy and infrastructure initiatives in emerging Asia at a time when China has invested billions

Faced with increasing tensions between the US and China, Pompeo sought to build on Trump's "Indo-Pacific" strategy to make the United States a trusted partner in the region.

Pompeo said states sought a "free and open" Asia that was not dominated by any country, indicating China's growing economic power and heightened tensions in the disputed South China Sea.

"Like so many of our Asian allies With our friends, our country fought for its independence from an empire that demanded reverence," Pompeo told the Chamber of Commerce of the US Chamber of Commerce. "So we never have and will never seek supremacy in the Indo-Pacific, and we will resist any country that does that."

Pompeo said he will visit Malaysia, Singapore and Indonesia this week where he intends to announce new security assistance

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1; Reuters

GAMING

Caesars takes sports bets in NJ, Miss.

Caesars Entertainment is going to take next sports betting this week at two of its casinos in New Jersey and Mississippi to join month-to-month competitors, after a Supreme Court decision clears the way for legal betting on sporting competitions.

The Bally's and Harrah's casinos in Atlantic City, NJ, will open sports books on Tuesday and Wednesday, while the Horseshoe Tunisas and Harrah's Gulf Coast resorts in Mississippi will follow in mid-August, Caesars said on Monday a statement.

The Las Vegas-based resort operator plans to start sports betting on mobile devices across the city soon ate from New Jersey and inside the casinos in Mississippi. Caesars uses technology developed by the casino provider Scientific Games Corp. is made available.

Gambling operators are piling up in the sports betting business following the May Supreme Court ruling that allows states to legalize such bets. Casinos and racetracks have generally been given the right to take such bets in the handful of states that have now approved it. Many of them have chosen to partner with betting shops or online gambling sites in Europe where sports betting has been legal for years.

– Bloomberg News

Also in the Economy

T-Mobile US Nokia announced it would supply $ 3.5 billion to next-generation 5G network devices, The companies said on Monday, marking the largest 5G deal to date in the world and concrete evidence of a new wireless upgrade cycle. # 3 US mobile operator T-Mobile – which agreed to merge with Sprint in April to form a more serious rival to US telecom giants Verizon and AT & T – said the multi-year supply contract with Nokia was the first nationwide 5G service Deliver [19659018] Georgia's Governor has delivered on its promise to restore a jet fuel tax rebate severely inflicted by state GOP legislators over Delta Air Lines' decision to cut ties with the National Rifle Association was criticized. In a statement on Monday, Republican Governor Nathan Deal ordered that the levying of the state's 4 percent sales tax on kerosene be suspended. At the beginning of this year, Lt. Gov. Casey Cagle effectively proposed a kerosene sales tax exemption to punish Delta for ending a rebate program for NRA members after shooting in Parkland, Florida.

Kroger is considering expanding a ban on Visa credit cards imposed by one of its affiliates as a final signal that retailers are preparing a new $ 90 billion bout that they will swipe into every year. To pay fees. The largest supermarket chain in the US, Kroger, said its supermarket chain Foods Co. in California will no longer accept Visa cards at 21 stores and five gas stations.

Today

8:30 pm: The Labor Department releases labor cost index for the second quarter

Before Market Opening: Pfizer reports quarterly financial results.

After Market Closing: Apple Reports Quarterly Financial Results.

– From News Services

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