BEIJING (Reuters) -China's exports of germanium and gallium products in August plunged,customs data showed on Wednesday, after Beijing implemented new export controls on the two chipmaking metals. China exported no wrought germanium products last month, compared to 8.63 metric tons in July when volumes more than doubled from June as overseas buyers rushed to lock in supply ahead of the curbs. There were also no exports of wrought gallium products in August.
The network is accused of promoting a range of outright falsehoods about the voting machine company
A Huawei Technologies unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign the Chinese tech giant is finding ways around four years of U.S. export controls, two sources briefed on the unit's efforts said. The shipments to surveillance camera manufacturers from the company's HiSilicon chip design unit started this year, according to one of the sources, and a third source familiar with the industry supply chain. Huawei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made.
A woman in her 80s has recently filed a lawsuit against McDonald's, alleging that an improperly secured cup of hot coffee gave her serious burns.
LONDON (Reuters) -Oil prices fell on Thursday, after posting the largest decline in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. The U.S. Federal Reserve maintained interest rates after its Federal Open Market Committee (FOMC) meeting, but stiffened its hawkish stance with a rate increase projected by year-end which could dampen economic growth and overall fuel demand. Fed policymakers still see the bank's benchmark overnight rate range peaking this year at 5.50% to 5.75%, a quarter of a percentage point above the current range.
The restaurant is being sued by a woman in her 80s who suffered "severe burns" following the spill.
Profit margins in supply chains will limit the spread of downward pressure on prices through exports
Treasurer Jim Chalmers is set to release the Employment White Paper setting out policies to put secure jobs in reach of more Australians.
Washington urged JPMorgan to "be patient" before the U.S. bank stopped processing agricultural payments for Moscow after it quit a deal allowing the safe Black Sea export of Ukraine grain, a senior State Department official told Reuters on Wednesday. JPMorgan had handled some Russian grain export payments for a few months with reassurances from Washington.
The coffee allegedly spilled as the customer attempted to take a sip, which resulted in "severe burns and emotional distress," per the lawsuit.
A white married couple that owns two landscaping companies has sued Houston, claiming that the city's requirement that certain government contracts be set aside for minority-owned businesses runs afoul of the U.S. Constitution. The two businesses owned by Jerry and Theresa Thompson in a complaint filed in federal court in Houston on Tuesday said the city's program violates their constitutional rights to equal protection. The city has said that the four-decade-old program ensures that historically disenfranchised people have an opportunity to participate in lucrative government contracting, and fosters a more competitive economic environment.
STORY: Some auto industry leaders are not happy with Britain's potential rethink on plans for electric vehicles.This week, British Prime Minister Rishi Sunak is expected to water down some measures meant to help the country hit a target of net zero emissions by 2050. That includes pushing back its current plan to ban new petrol and diesel car sales by 2030 to five years later.Sunak is expected to argue the response to climate change should be more "proportionate."But that has drawn the anger of Ford UK, which said Britain risked undermining the transition to EVs.Ford said dropping the 2030 deadline would be a mistake, and hinted it could put further investments in the country at risk.Ford said it had already invested over $530 million in its UK facilities, and had been planning to spend even more to fit with the 2030 timeline.The U.S. auto giant said Britain's policy should focus on helping the EV market grow in the short term.There was further criticism of the possible change from a leading auto industry trade body.The Society of Motor Manufacturers and Traders said the auto industry had already invested billions in new EVs. But it said the transition to clean energy could be put in danger without a clear and consistent message from government.
NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but stiffened its hawkish stance with a further rate increase projected by the end of the year. Brent futures for November delivery fell 81 cents, or 0.9%, to settle at $93.53 a barrel, while U.S. West Texas Intermediate crude (WTI) for October delivery fell 92 cents, or 1.0%, to settle at $90.28. WTI crude futures for November, which will be the next front-month, was down about 82 cents to $89.66.
Millions of teenagers are expected to be brought into retirement saving in Britain following the parliamentary passage of landmark changes to workplace pension rules. Employers are currently obliged to enrol workers automatically into a workplace pension plan, and make contributions to it on their behalf, only if the employee is aged 22 or older, and meets earnings’ criteria. “The ability to start saving four years earlier will boost the pension that people retire on by tens of thousands of pounds and, when combined with removing the lower earnings limit, the changes will make a significant difference to people’s retirement outlook,” said Standard Life, a pension provider.
Oil prices climbed above $95 a barrel for the first time in 2023 on Tuesday, as supply cuts by Saudi Arabia and Russia fuelled concerns of a shortfall that could harm the global economy. Saudi Arabia and Russia’s decision to reduce supplies despite rising prices has raised tensions with developed economies, with the International Energy Agency warning last week they were “locking world oil markets into substantial deficit”. Higher oil prices are posing a challenge to central banks’ ability to bring inflation under control, while rising fuel costs could weigh on economic growth.
(Reuters) -The chair of the U.S. House of Representatives' committee on China is planning to meet with a semiconductor industry group to express concerns over U.S. investments in China's chip industry, according to a source familiar with the matter. Representative Mike Gallagher, an influential Republican lawmaker whose select committee has pressed the Biden administration to take a tougher stance on sending U.S. technology to China, wants to meet with the Semiconductor Industry Association, the source said. The group represents major chip firms such as Nvidia and Intel, whose sales to China have been affected by recent changes in U.S. export rules.
Eli Lilly on Tuesday said it was suing 10 U.S. medical spas, wellness centers and compounding pharmacies for selling products claiming to contain tirzepatide, the active ingredient in its diabetes drug Mounjaro which is expected to be approved for weight loss later this year. In four separate lawsuits filed in Florida and Texas federal courts, Eli Lilly is seeking orders barring Better Life Pharmacy, ReviveRX, Rx Compound Store and Wells Pharmacy Network from selling tirzepatide, and requesting unspecified damages.
The ACT Supreme Court will take an unexpected step to avoid a conflict in Shane Drumgold’s legal action against the board of inquiry.
Lisa Bragança, former SEC enforcement branch chief and Bragança Law attorney, reacts to Judge Zia Faruqui making no rulings on the SEC's discovery requests or Binance.US's opposition. "The Judge...kind of did a Taylor Swift move" to calm both parties down, Bragança said. "This has gone over the top."
After revealing 'Cool For The Summer' was written about a famous woman, Demi Lovato has opened up about her sex life again. Read more.