Export

Export Licences Revoked from Huawei by US – Chip Makers React Swiftly!

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San Diego, California – The US government has taken steps to restrict exports of certain goods to Chinese tech giant Huawei, a move that is likely to have significant implications for the global technology industry. In a recent development, the Department of Commerce revealed that it has revoked some licenses that allowed US chip makers to export specific items to Huawei, marking a significant escalation in the ongoing economic tensions between the US and China. …

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**US-China Relations Hit a New Low: Biden Administration Revokes Export Licences for Intel and Qualcomm**

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Washington, D.C. – The Biden administration has made a significant move by revoking export licenses that previously allowed Intel and Qualcomm to supply semiconductors to Huawei, a Chinese telecoms equipment company. This decision comes as part of Washington’s increased pressure on the company, aiming to tighten restrictions on the sale of US technology to Huawei. The US Department of Commerce confirmed the revocation of certain licenses, impacting the supply of chips for Huawei’s laptop computers …

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Chip War Intensifies as U.S. Export Controls Target China’s AI Semiconductor Goals

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San Francisco, CA – The ongoing technological rivalry between the United States and China has escalated as the U.S. implements new export controls to limit China’s access to advanced chip technology. This move has significant implications for the global semiconductor industry, especially as semiconductors are crucial components in many modern devices, from smartphones to electric vehicles. As the world’s largest consumer of semiconductors, China’s demand for these chips is immense. However, U.S. chipmakers, known for …

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Oil Export Terminal Approved off Texas Coast Sparks Outrage and Betrayal – Environmentalists Slam Biden Administration’s Decision

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WASHINGTON – The Biden administration recently authorized the construction of a deepwater oil export terminal off the Texas coast, a decision that drew criticism from environmentalists. This project, called the Sea Port Oil Terminal, is set to become the largest of its kind in the United States. The terminal, located off Freeport, Texas, will have the capacity to load two supertankers simultaneously and export up to 2 million barrels of crude oil per day. Environmental …

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Fighter Jet Export Approval Signals Shift in Japan’s Defence Policy

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Tokyo, Japan – Japan’s cabinet has made a significant decision to approve the export of new fighter jets, a joint development effort with the UK and Italy. This move signals a departure from Japan’s traditionally pacifist policies, as the country looks to bolster its military capabilities in the face of perceived threats from China and North Korea. The easing of arms export rules now allows Japan to sell these advanced fighter jets to nations with …

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**Billionaire Tech Rivalry:** US and China Battle for AI Dominance Amidst Subsidies and Export Restrictions

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Washington, D.C. – The battleground for AI dominance extends beyond tech billionaires to encompass a fierce rivalry between the United States and China. These two global superpowers are not just competing for control over artificial intelligence but are also vying for supremacy in everything from intellectual expertise to the development of AI hardware and software, as well as access to essential raw materials. Both nations are utilizing government subsidies as a strategic tool to drive …

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German Industry Sliding: Export Figures and Factory Orders Plummet as Experts Warn of Recession — Are Germany’s Economic Woes on the Horizon?

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Berlin, Germany – The German economy continues to face challenges as new data indicates that the country’s industrial sector is still in recession. According to Holger Schmieding, chief economist at Berenberg Bank, industrial production declined by 1.6% in December and was down overall by 1.5% compared to the previous year. Additionally, exports, which are a major pillar of the German economy, fell by 4.6% in December and 1.4% across the year. However, there seemed to …

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China Expansion & Growth: New Export Orders Drive Quarterly Growth – How Will Policy Change?

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BEIJING – China’s manufacturing sector showed continued expansion in January, marking the third consecutive month of growth, according to a private-sector survey released on Thursday. This expansion was driven by the first upturn in new export orders in seven months, offering a glimmer of hope amid the country’s otherwise patchy economic growth. The Caixin China manufacturing purchasing managers’ index came in at 50.8, matching December’s figure and exceeding economists’ expectations of 50.6. In contrast, the …

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