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SAN FRANCISCO (Reuters) - To understand President Joe Biden's challenge in taming a semiconductor shortage bedeviling automakers and other industries, consider a chip supplied by a U.S. firm for Hyundai Motor Co's new electric vehicle, the IONIQ 5.
MADRID (Reuters) - French carmaker Renault has started negotiations with unions to extend the partial idling of three of its four factories in Spain until the end of September as a preemptive measure in case a global semiconductor shortage lingers.
A surging US economy on the back of massive stimulus and pent-up demand will benefit exporters in Asia, with Vietnam receiving the biggest windfall, according to Bloomberg Economics.
Animated comedy series strikes a good balance between irreverent humour and reverence for franchise lore.
As millions of elderly Floridians scramble to register for a limited but growing supply of Covid-19 vaccines in the United States, state officials are clamping down on so-called vaccine tourism by limiting doses to only the state’s part- and full-time residents.
Apple partner Foxconn embarks on own electric vehicle project, following a partnership with Fisker, with production to start late 2023.
UNITED NATIONS (AFP): Nearly 140 NGOs from 31 countries signed an open letter Wednesday (Feb 24) calling for the United Nations Security Council to urgently impose an arms embargo on Myanmar after the military coup there earlier this month.
Washington (AFP): The Pfizer Covid-19 vaccine proved 94 percent effective in a huge real world study published Wednesday that involved 1.2 million people in Israel, confirming the power of mass immunization campaigns to end the Covid-19 pandemic.
WASHINGTON: Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
NEW YORK:Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week