Key lawmakers push to cut off Huawei suppliers from US chip gear

Key lawmakers push to cut off Huawei suppliers from US chip gear

Key US lawmakers are pressing the Biden administration to block Huawei Technologies suppliers from buying American chipmaking gear, escalating efforts to prevent the sanctioned Chinese telecoms giant from making progress on semiconductor manufacturing. The top Republican and Democrat on the House China Select Committee outlined their concerns in a letter Wednesday to Commerce Secretary Gina…

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China accuses Japanese vessel of ‘illegally’ entering disputed waters | South China Sea News

China accuses Japanese vessel of ‘illegally’ entering disputed waters | South China Sea News

The incident is the latest between China and Japan around disputed islands in the East China Sea. China’s coastguard said it ordered a Japanese fishing vessel to leave the country’s territorial waters after it “illegally” entered an area surrounding a disputed group of islands in the East China Sea. A spokesperson for Beijing’s coastguard said…

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NATO pledges money — not membership — as Zelenskyy brings victory plan to Brussels – POLITICO

NATO pledges money — not membership — as Zelenskyy brings victory plan to Brussels – POLITICO

“I’m delighted to report that we are firmly on track to delivering [on] the €40 billion pledge for the coming year as agreed in Washington,” Rutte told a press conference on Wednesday, referring to the NATO leaders’ summit in July. “I can announce today that NATO allies committed €20.9 billion in military assistance to Ukraine during…

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stocks, news, data and earnings

stocks, news, data and earnings

European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.3% by mid-morning with the majority of sectors in negative territory. The FTSE 100 was an outlier among major regional bourses, up 0.6% after the latest U.K. data showed the inflation rate…

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Some Hong Kong firms struggle to replace single-use plastics as end of ban grace period nears

Some Hong Kong firms struggle to replace single-use plastics as end of ban grace period nears

Some Hong Kong restaurants and hoteliers, especially smaller operators, are still struggling to replace items such as disposable spoons and razors despite a grace period for a single-use plastics ban coming to an end in two weeks. The transition was also uncomfortable for an alternative utensil supplier, who lamented declining sales even as the government…

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