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GM teams up with Korea's LG to build second US battery plant

GM teams up with Korea's LG to build 2nd US battery plant

(ATF) US car giant General Motors said on March 4 it plans to build a second battery cell factory with South Korean partner LG, as the company shifts towards producing electric vehicles.GM recently announced it would stop selling most of its diesel or petrol engine cars by 2035, and last …

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Blinken heading to Japan, South Korea for first trip, reports say

Blinken heading to Japan, South Korea for first trip, reports say

(ATF) US Secretary of State Antony Blinken and newly appointed Defence secretary Lloyd Austin plan to visit Japan and South Korea this month for foreign policy and security talks, according to reports published on March 4.While State department spokesman Ned Price told Reuters he was not able to confirm the …

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Biden withdraws Tanden nomination amid Republican opposition 

Biden withdraws Tanden nomination amid Republican opposition 

(ATF) President Joe Biden on Tuesday withdrew the nomination of Neera Tanden to be his budget director after she ran into stiff opposition over tweets that upset lawmakers, in the first rebuff of one of his nominees."I have accepted Neera Tanden’s request to withdraw her name from nomination for director …

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China to launch national emissions trading scheme in mid-2021

China to launch national emissions trading in mid-2021 

(ATF) China is set to launch a long-awaited national carbon emissions trading scheme (ETS) online by the end of June this year, in a bid to speed up the nation’s efforts to curb pollution and help become carbon-neutral by 2060.During a visit to Hubei province and Shanghai city, Huang Runqiu, …

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Biden nominee offers China no relief on tariffs and trade tension

Biden nominee offers China no relief on tariffs and trade tension

(ATF) China's hopes for ending tensions with Washington suffered a blow on February 25 when the new administration's nominee for US Trade Representative said tariffs were a valid negotiating tool and vowed to hold Beijing to its commitments. Katherine Tai also told a Senate committee scrutinising her nomination that there …

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Declarations of force majeure over Texas storm freeze Asia supply chain

Declarations of force majeure over Texas storm freeze Asia supply

(ATF) US chemicals giant Celanese declared force majeure on Thursday February 18, saying it was unable to deliver to Asia because of the severe weather conditions in Texas, becoming the latest victim of a storm system disrupting global supply chains.A long list of companies around Texas and New Mexico have …

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Biden warns Xi on Hong Kong, Uighurs

Biden warns Xi on Hong Kong, Uighurs

(ATF) Joe Biden expressed his concern about China’s treatment of Hong Kong and the minority Muslim Uighur people during the US president's first call with his Chinese counterpart. Earlier the new US administration warned it may widen its China sanctions list over concern that sensitive technology exports are being misused. …

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Biden warns Xi on Hong Kong, Uighurs

Biden warns Xi on Hong Kong, Uighurs

(ATF) Joe Biden expressed his concern about China’s treatment of Hong Kong and the minority Muslim Uighur people during the US president's first call with his Chinese counterpart. Earlier the new US administration warned it may widen its China sanctions list over concern that sensitive technology exports are being misused. …

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US maize futures hit highest mark since 2013 on China demand

US maize futures hit highest mark since 2013 on China demand

(ATF) US maize (corn) futures rallied to a 7-and-a-half year peak on February 8 amid strong China demand for the crop, and ahead of a monthly US government report expected to show tightening stocks.All eyes are on the US Department of Agriculture World Agricultural Supply & Demand Estimates (WASDE) report …

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Blinken says US will keep up pressure on China over human rights issues

Blinken says US will keep up pressure on China over human rights issues

(ATF) US Secretary of State Antony Blinken told top Chinese diplomat Yang Jiechi in a phone call on February 5 that Washington would stand up for human rights and democratic values in Xinjiang, Tibet and Hong Kong.Blinken reaffirmed that Washington will work with allies to hold Beijing accountable for efforts …

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