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TSMC applies for 'permanent' permit to export US equipment to China factory
Taiwanese semiconductor giant TSMC said Friday it has applied for -- and expects to receive -- permanent authorisation from Washington to allow the export of US chip-making equipment to its China-based factory. After South Korea announced Monday its chip giants had received the US green light to send equipment to China, attention turned to the Taiwanese firm.
Borrell says trust between EU, China 'eroded'
EU foreign policy chief Josep Borrell warned Friday that trust between the bloc and China had been eroded, blaming the trade imbalance between the two on "difficulties" faced by European companies in the world's second-largest economy. "Trust is at the core of any human relationship, and... common trust has been eroded," Borrell told an audience at Peking University in the Chinese capital Friday.
'Licence to hide': Western plastic waste dumped in Myanmar
In a working-class neighbourhood of Myanmar's Yangon, plastic waste is piled a metre high, the toxic product of what a recent investigation said is rampant dumping of Western trash. Locals in Shwepyithar told AFP that much of the waste dumped in their neighbourhood came from recycling factories in a nearby industrial zone.
Swiftonomics and Beyonce bump: how stars power economies
Three years after the pandemic wiped out the live music scene, fans are flocking again to see their favourite stars on stage, with Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost.
Burp tax causes pre-poll stink with New Zealand farmers
New Zealand has a plan to tax farmers for their livestock's burps and farts -- and it's causing a stink ahead of Saturday's general elections. To help combat global warming, New Zealand was one of the first countries to announce it will start pricing agricultural emissions -- in effect taxing burps and farts from livestock.
US extends China chip waiver for Taiwan's TSMC: minister
The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday. Semiconductors have become a flashpoint issue between the United States and China, which are locked in a fierce battle over access to chip-making technology and supplies.
Markets snap week-long rally as US inflation dents rate hopes
Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year.
Mysterious rise in US Treasury yields perturbs markets
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."
Talks to end Hollywood actors' strike collapse
Talks between Hollywood actors and studios over an ongoing strike have collapsed, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry. Last month the studios struck a deal with Hollywood writers, ending that union's separate stoppage.
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