Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The company said Monday that its board and management team think each company will be better positioned to pursue its own strategic priorities,

The company plans to separate through a tax-free spinoff of NBCUniversal and Sky, resulting in two publicly traded entities.

Comcast, just months after shedding most of its cable TV business into Versant Media, is cleaving itself into two separate companies: one housing its namesake cable and tech operations, and the other comprising NBCUniversal media biz.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

China has placed a further 20 Japanese companies on an export control list, barring them from receiving Chinese goods with both civilian and military applications, in a move set to heighten tensions

Beijing has imposed fresh restrictions on dozens of Japanese companies, citing security concerns, as relations between the two countries remain strained over defence and regional issues.

China imposed new export controls Monday on 40 Japanese entities it says are contributing to the country’s “remilitarization,” as tensions with Tokyo continue to rise. Twenty entities, including Mitsui E&S which makes engines and other equipment for ships,

The Chinese commerce ministry said it added 20 Japanese entities to an export control list that prohibits Chinese firms from selling dual-use products to those companies

The US and Iran will “stand down for now,” a Trump administration official said after both sides traded fire near the Strait of Hormuz. Technical talks w

The two countries also agreed to renew talks over the Strait of Hormuz, raising hopes of saving an interim peace deal.

Oil prices rose on ​Monday following days ‌of tit-for-tat strikes by the United ​States and ​Iran in the Middle ⁠East that ​underscored the fragility of ​their interim peace deal and again slowed ​energy shipping ​in the Strait of Hormuz.

The US military launched more strikes on Iranian sites around the Strait of Hormuz, saying it came in response to “continued Iranian aggression.” Follow for live updates.