Tough slog | Now that President Joe Biden has laid out his $2.25 trillion program to rebuild America's infrastructure, he faces a complicated battle ahead: selling it to Congress. Republicans and some business lobby groups oppose the corporate tax hikes he proposes to pay for it while progressive Democrats said the plan would not spend nearly enough. - Biden's new program means the U.S. is going to need more commodities at a time when China has been on a buying spree.
Chip battle | Republicans in Congress say they're open to Democrats' proposals to counter China's clout in technology and address a global shortage of semiconductors but are wary of the cost. As Jenny Leonard and Daniel Flatley report, there's also concern among some GOP lawmakers that any bill will be a Democratic domestic wish list disguised as a mechanism to compete with China. - Taiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next three years to expand its chip fabrication capacity.
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ikHgAO1vQEKU/v0/-1x-1.png) Fresh setbacks | French President Emmanuel Macron announced a nationwide four-week lockdown last night, closing schools and business, in the latest sign Europe is again losing control of the pandemic. Italy also extended its partial shutdown, with Prime Minister Mario Draghi's government saying current restrictions in high-risk areas will remain in place until April 30. Don't push it | One of Hong Kong's most senior police officials has warned residents not to cross any red lines when it comes to the national security law imposed by Beijing. "Do not tempt the law — it's simple," Oscar Kwok, the police deputy commissioner for management, said in a Bloomberg Television interview. - Hong Kong's "father of democracy" Martin Lee and media mogul Jimmy Lai were among a group of opposition activists found guilty by a court today for attending an unauthorized protest in 2019.
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iFhvInd0dK6Q/v0/-1x-1.jpg) Lee leaves the West Kowloon Magistrates Courts today. Photographer: Chan Long Hei/Bloomberg Choices, choices | Paraguay's search for Covid-19 vaccines has landed it in the middle of the growing tensions between the U.S. and China. As Ken Parks writes, officials say they've been approached to switch Paraguay's alliance from Taiwan to Beijing to get Chinese doses, while U.S. Secretary of State Antony Blinken phoned President Mario Abdo Benitez to stiffen his spine against such a change. What to Watch -
The U.S. is undertaking "strategic planning" with Australia to consider potential joint responses to a war over Taiwan, according to Biden's top diplomat in Canberra. -
Myanmar's parliament, ousted by the military Feb. 1, plans to set up a national unity government in the first week of April, according to a statement by a parallel administration of key allies of detained civilian leader Aung San Suu Kyi. -
Jailed Russian opposition leader Alexey Navalny has started a hunger strike to pressure prison authorities to provide him with medical care for back and leg pains. Correction: We got the day wrong for the Salvini-Orban-Morawiecki meeting in yesterday's newsletter. Apologies for the error. And finally ... A crucial international climate-change summit scheduled for November in the U.K. may have to be postponed or radically redesigned because of the pandemic, Tim Ross and Alex Morales report. Officials are discussing options for reducing in-person attendance at the United Nations COP26 summit and even delaying the event for a second time after it was put back last year. That would be a blow to Prime Minister Boris Johnson's leadership ambitions on climate issues and to campaigners' hopes for a deal to reduce greenhouse gas emissions. ![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUqV9bibMcUw/v0/-1x-1.jpg) Icebergs and ice float in the Ilulissat Icefjord in 2019 near Ilulissat, Greenland. Photographer: Sean Gallup/Getty Images Europe |
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