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Roche says will invest $50 bn in US over next five years
Roche says will invest $50 bn in US over next five years
Economy
by  AFP

Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years. "Our investments of $50 billion over the next five years will lay the foundation for our next era of innovation and growth, benefiting patients in the US and around the world." noo/ach/rjm

US to impose new duties on solar imports from Southeast Asia
US to impose new duties on solar imports from Southeast Asia
Economy
by  AFP

The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector. If imposed, the new levies will come on top of the blanket 10 percent levy imposed by Trump since early April on products entering the United States from most trading partners.

Auto Shanghai to showcase electric competition at sector's new frontier
Auto Shanghai to showcase electric competition at sector's new frontier
Economy
by  AFP

The world's biggest auto show opens Wednesday in Shanghai, with foreign carmakers raring to show they can compete against the ultra-competitive Chinese firms that dominate the sector's new electric frontier. Analysts consider the Chinese market, the world's largest, younger-leaning and more open to novelty.

Gold hits record, stocks slip as Trump fuels Fed fears
Gold hits record, stocks slip as Trump fuels Fed fears
Economy
by  AFP

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. The rush for safety saw gold hit yet another record above $3,457, and while the dollar steadied after the previous day's selloff, it remained under pressure against its major peers.