Treasury Secretary Yellen criticizes artificially cheap Chinese products

[ad_1] IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Treasury Secretary Yellen calls out ‘artificially cheap Chinese products’ and voices concern over TikTok 01:49 UP NEXT Blinken reiterates support for the Philippines amid tensions with China 01:16 U.S., Japan conduct joint military exercises amid high tensions…

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U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security

[ad_1] TSMC’s Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Biden administration on Monday.  The funding, under the U.S. CHIPS and Science Act, will support TSMC’s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, Arizona, according to the nonbinding…

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Russia says Ukraine struck Zaporizhzhia nuclear plant; Kyiv denies it was behind the attack

[ad_1] Russia said Ukraine struck the Zaporizhzhia nuclear power station controlled by Russian forces three times on Sunday and demanded the West respond, though Kyiv said it had nothing to do with the attacks. The International Atomic Energy Agency, which has experts at the site, said it was the first time the nuclear plant, Europe’s…

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Brazil Supreme Court justice orders Elon Musk investigation over fake news and obstruction

[ad_1] A crusading Brazilian Supreme Court justice included Elon Musk as a target in an ongoing investigation over the dissemination of fake news and opened a separate investigation late Sunday into the executive for alleged obstruction. In his decision, Justice Alexandre de Moraes noted that Musk on Saturday began waging a public “disinformation campaign” regarding…

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China says innovations, not subsidies, are powering EV edge as Yellen raises ‘overcapacity’ concerns

[ad_1] China’s Minister of Commerce Wang Wentao has said that the speedy rise of the country’s electric vehicle firms was not because of subsidies, but due to “constant innovations.” The allegations about “overcapacity” by the U.S. and Europe are without merit, he said, state news agency Xinhua reported Monday. Wang also attributed China’s EV edge to a…

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