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Wednesday, Aug 17, 2022
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China says U.S. chip act will distort global semiconductor supply chain
China's commerce ministry said on Friday that a major new chips act passed by the U.S. Congress will distort the global semiconductor supply chain and disrupt international trade.
The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.
China will continue to monitor the progress and implementation of the U.S. act and take meaures to safeguard its legitimate rights when necessary, the ministry said in a statement.
‘Something worse’ than recession coming – JPMorgan
The boss of Wall Street banking giant JPMorgan Chase, Jamie Dimon, has warned investors of the likelihood of a downturn in the US economy, saying that “something worse” than a h...
Pfizer CEO Albert Bourla tests positive for Covid-19 after 4 jabs
Albert Bourla, CEO of drugmaker Pfizer, has tested positive for Covid-19 and has "very mild symptoms," he said in a tweet on Monday.
Romanian’s central bank hires fortune teller
The National Bank of Romania (BNR) has hired well-known astrologer and fortune teller Minerva
Modi pledges to turn India into a developed country
Standing in front of the historic Red Fort in Delhi, Prime Minister Narendra Modi on Monday pledged to transform India into a developed country in the next 25 years.
Australia's ex-PM 'secretly held ministry portfolios'
Australian PM Anthony Albanese says he will investigate reports that his predecessor, Scott Morrison, secretly assumed three roles in the ministry.
China unexpectedly cuts 2 key rates, withdraws cash from banking system
China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand ...
Extent of Instagram and Facebook tracking exposed
Meta apps inject a tracking code into websites when people are viewing them
Ukraine in default according to Fitch and S&P
Global rating agencies S&P and Fitch on Friday lowered Ukraine's foreign currency ratings to selective default and restricted default as they consider the country's debt restruc...
When the project is not ready, but the client wants a demo
Is water the new gold?
Climate change is causing temperatures to rise. Extreme weather events and droughts are increasing. Springs and wells are drying up. And everyone needs more water. The battles f...
Inflation explained: What is it, what causes it and how do we deal with it now?
What is inflation, where does it come from and how to handle its fluctuation? Here’s everything you need to know about it.
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