Biden


Chips are down as US works to block China’s semiconductor plans 

Chips are down as US works to block China’s semiconductor plans

(ATF) With a small microchip held between his fingers US President Joe Biden has sent some sections of Chinese media and government into a form of apoplexy. “Is this little thing Biden’s best weapon against China?” asked The Global Times.The question comes with the United States and Japan looking to …

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Biden’s bridge-building plan can happen without bridge building 

Biden’s bridge-building plan can happen without bridge building 

US President Jo Biden is preparing to push through his $2 trillion infrastructure plan with or without bipartisan support.Energy Secretary Jennifer Granholm said Biden would prefer that his plan had Republican backing but, if it doesn’t, he would probably use a procedural strategy called reconciliation to allow Democrats to pass …

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Trillion dollar man: Biden unveils vast new jobs package

Trillion dollar man: Biden unveils vast new jobs package

(ATF) Joe Biden on Wednesday unveiled his second trillion-plus-dollar proposal - this time to reshape the economy by building infrastructure, tackling climate change, boosting welfare and countering China's expansion.The US president's sweeping "American Jobs Plan" – immediately compared with China's vast Belt and Road Initiative – was denounced by Republicans …

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Sanction worries spook markets

Sanction worries spook markets

HONG KONG: Asian markets were weighed under by the spectre of sanctions on China after the United States said it does not rule out any further actions on China over concerns about human rights related to China’s Xinjiang region.This follows comments from Australia and New Zealand’s foreign ministers there was …

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China sweats as world ramps up independent rare earth plans 

China sweats as world ramps up independent rare earth plans 

(ATF) China is showing signs of concern over its rare earths rivals’ plans for a global alliance to combat Beijing’s dominance of the world market.Officials are worried about what they see as ‘encirclement’ in the vital sector with other countries planning joint rare earth ventures over what some say has …

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Stimulus rollout, vaccine plan lifts markets 

Stimulus rollout, vaccine plan lifts markets 

HONG KONG: Asian markets were on a sugar high as US President Joe Biden signed the $1.9 trillion stimulus package and said he would direct states to make all adults eligible for the coronavirus vaccine by May 1.But worries about the escalation of US-China tensions over Hong Kong weighed on …

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Rivals teaming up for dig at China’s rare earths dominance 

Rivals teaming up for dig at China’s rare earths dominance 

(ATF) The US, Japan, India and Australia are joining forces in an effort to combat China’s dominance of the rare earths supply chain.The members of the ‘Quad Security Dialogue’ mechanism are set to jointly establish a rare earth procurement chain, according to Japan’s Nikkei Asia. The plans were expected to …

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Trump’s ‘decoupling’ continues as NYSE delists China’s state oil company 

Trump’s ‘decoupling’ continues as NYSE delists China’s state oil company 

[ATF] China’s state-owned oil giant, China National Offshore Oil Corp (CNOOC) became the latest Chinese company to be pushed out of the New York Stock Exchange (NYSE), following an executive order signed by former US president Donald Trump.The outgoing president rubber-stamped the order in November soon after losing the election …

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Singapore urged to freeze accounts holding Myanmar reserves 

Singapore urged to freeze accounts holding Myanmar reserves

(ATF) Activists in Southeast Asia have called on the Singapore government to freeze accounts holding billions of Myanmar funds in local banks, in case the generals who seized power in the troubled Southeast Asian nation try to make further efforts to withdraw state reserves.The plea came after news emerged that …

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US stimulus boost to power post-pandemic global revival 

US stimulus boost to power post-pandemic global revival 

Global economies should return to pre-pandemic levels by the middle of the year thanks to accelerating vaccination programmes and the US’s $1.9 trillion stimulus programme, according to the OECD.The Paris-based Organisation for Economic Co-operation and Development said it now expects the world’s economy to grow 5.6 per cent this year …

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