The Trump administration is weighing new trade restrictions that could force factories across the globe to obtain licenses if they want to use U.S. equipment to make chips for Huawei products, the Wall Street Journal reports.
Why it matters: The restrictions "risk disrupting the global supply chain for semiconductors and dent growth for many U.S. companies," the WSJ reports, citing unnamed U.S. industry participants. One goal of the proposed restrictions is for China to see the action as a threat, per the WSJ.
A deliveryman in Hong Kong on Monday was robbed at knife point for toilet paper, as the city copes with ongoing shortages of basic household and cooking supplies amid the coronavirus outbreak, the New York Times reports.
What's happening: Some Hong Kong supermarkets began selling out of sanitary towels, frozen dumplings, cooking oil, bottled water, bread, shower gel, cleaning products and noodles in the first week of February, South China Morning Post reports, while canned goods started to run low.
Storm Dennis continued to pummel parts of England, Wales and Ireland over Sunday night with heavy rain after battering Northern Ireland and Scotland, per the official British weather agency the Met Office.
Why it matters: It's the second-strongest nontropical storm ever recorded in the North Atlantic Ocean, with its hurricane-force winds and heavy rains that caused widespread flooding across the U.K., the Washington Post notes. Police in Wales confirmed Sunday they found the body of a man who fell into a river as the storm lashed Ystradgynlais.
House Speaker Nancy Pelosi on Sunday cautioned U.S. allies against allowing Chinese telecommunications giant Huawei to develop their 5G networks, arguing at the Munich Security Conference that doing so is akin to “choosing autocracy over democracy," CNBC reports.
Why it matters: Pelosi's hawkish stance marks a rare area of agreement with the Trump administration, which believes Huawei is a national security threat because the Chinese government may be capable of accessing its equipment for espionage.
"Small rockets" hit the Iraqi base hosting American and other troops in Baghdad's Green Zone early Sunday, a U.S. military spokesperson confirmed in a statement.
Details: The attack at the base hosting International Coalition for Operation Inherent Resolve troops occurred just before 3:30 a.m., said Col. Myles B. Caggins III. There were no casualties and an investigation has been opened into the incident, he added.
