Biden hails U.S. manufacturing’s return at TSMC chip plant in Arizona

PHOENIX, Ariz., Dec 6 (Reuters) – U.S. President Joe Biden visited TSMC’s (2330.TW) Arizona factory on Tuesday as the Taiwanese chipmaker said it would triple its planned investment to $40 billion. dollars, among the largest foreign investments in American history. The expanded investment is a big win for Biden after supply chain issues plagued the … Read more

U.S., Australia vow to counter China’s ‘destabilizing military activities’

WASHINGTON, Dec 6 (Reuters) – Australia and the United States are committed to “countering the destabilizing military activities of the People’s Republic of China”, their defense ministers said after a meeting at the Pentagon. at the start of the annual talks between the allies. U.S. Defense Secretary Lloyd Austin met with Australian Defense Minister Richard … Read more

U.S. trade deficit widens as goods exports hit seven-month low

Trade deficit rises 5.4% to $78.2 billion in October Exports fall by 0.7%; imports increase by 0.6% WASHINGTON, Dec 6 (Reuters) – The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to their lowest level in seven months, suggesting that trade could dampen economic growth … Read more

Facebook owner Meta may remove news from platform if U.S. Congress passes media bill

WASHINGTON, Dec 5 (Reuters) – Facebook’s parent company, Meta Platforms Inc (META.O), threatened on Monday to remove information from its platform if the U.S. Congress passes a proposal to facilitate collective bargaining for public bodies. releases with companies like Alphabet Inc. (GOOGL.O) Google and Facebook. Sources briefed on the matter said lawmakers are considering adding … Read more

U.S. railroad investor resolutions urge paid sick leave for workers

Dec 5 (Reuters) – Investors have proposed shareholder resolutions to two U.S. railroads calling for paid sick leave for workers, an issue that nearly sparked a nationwide railroad strike, and they could pass to an advisory vote at shareholder meetings in the spring. On Friday, President Joe Biden signed legislation to block a rail closure … Read more

Analysis: Saudi prince seeks Mideast leadership, independence with Xi’s visit

Xi’s trip comes at a delicate time in US-Saudi relations Prince seeks to navigate a polarized world order A lavish reception is expected for Xi Saudi Arabia is China’s biggest oil supplier Saudi-US relations strained over a host of issues RIYADH, Dec 4 (Reuters) – Crown Prince Mohammed bin Salman receives the Chinese leader this … Read more

Florida mulls U-turn on move to strip Disney theme-parks of self-governing status – FT

Dec 2 (Reuters) – Florida lawmakers are considering overturning a decision that would strip Walt Disney Co (DIS.N) of its right to operate a private government around its famous theme parks, the Financial Times reported on Friday, quoting people. informed of the plan. In April, lawmakers gave final approval to a bill ending Walt Disney’s … Read more

U.S. to announce new sanctions on North Korea on Thursday- U.S. official

WASHINGTON/SEOUL, Dec 1 (Reuters) – The United States plans to announce new sanctions against North Korea on Thursday, a U.S. official said, as Pyongyang pushes ahead with banned missile development and signals a possible new nuclear test. US National Security Advisor Jake Sullivan flagged the plans earlier Thursday. “We have a new set of sanctions … Read more

U.S. Treasury’s Adeyemo says $60 oil price cap will limit Russia’s revenues

NEW YORK, Dec 1 (Reuters) – U.S. Treasury Undersecretary Wally Adeyemo on Thursday applauded the European Union’s agreement to a $60-a-barrel price cap on Russian oil exports, saying this was within the range of price levels discussed and would limit the Moscow price. oil revenues. Adeyemo told the Reuters NEXT conference he believed EU member … Read more

China will move to protect its firms following U.S. telecoms ban

BEIJING, Dec 1 (Reuters) – China opposes the U.S. Federal Communications Commission’s ban on the sale of new Chinese telecommunications equipment, the Commerce Ministry said on Thursday, pledging to adopt the measures necessary to protect the rights of its national companies. The Biden administration on Friday banned the sale or import of new telecommunications equipment … Read more