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Global Trade & Economics: Page 216

The Great Semiconductor Overhaul Raises the Stakes on Technology
A strategic shift in America’s industrial policy will eventually mean a faster, more responsive supply chain capable of delivering a larger chip supply.
Photo: iStock.com/Mykola Pokhodzhay
Amazon Is Shuttering Some India Businesses Amid Global Cuts
The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses.
Photo: Bloomberg
Chevron to Send First Venezuelan Crude Shipment to U.S. by Late December
Under the agreements, Chevron will take over operations at an oil upgrading facility where it will process about 1 million barrels of crude to be shipped to U.S. refiners.
Photo: iStock.com/Wirestock
Kuwait Exports First Shipment of Jet Fuel From New Zour Refinery
The second and third phases of the refinery will follow, until full capacity of 615,000 barrels is reached early in 2023.
Photo: Bloomberg
China Economy Braces for Further Slump as COVID, Protests Spread
Demonstrations erupted in cities like Beijing and Shanghai over the weekend as residents vented anger against the virus controls.
Photo: Bloomberg
French Shipping Giant Delivers Gloomy Outlook After Hefty Profit
The warning from the world’s third-largest container line is bleaker than in September, when the closely held company signaled the start of a slowdown.
Photo: Bloomberg
Berlin Runway Invasion Shows Hubs Vulnerable to Climate Protests
The Berlin incursion by Letzte Generation, or Last Generation, closed both runways, leading five services to be canceled and delaying departures and arrivals, while 15 inbound flights already en route had to be diverted.
Photo: Bloomberg
U.S. Bans New Huawei Equipment Sales over ‘Unacceptable Risk’ to National Security
The move represents Washington’s latest crackdown on the Chinese tech giants amid fears that Beijing could use them to spy on Americans.
Photo: iStock.com/lcva2
HP to Cut up to 6,000 Jobs Amid PC Sales Drop
HP's layoffs make it the latest in a string of tech giants cutting staff in response to an increasingly sour economy, marked by high inflation that's dented demand for goods and slowed ad spending.
Photo: iStock.com/manaemedia
Best Buy, Dick’s Ease Fears About Holiday Spending
The Wall Street Journal. Best Buy and Dick’s Sporting Goods reported mixed results in the most recent quarter.
Photo: iStock.com/J. Michael Jones
Dutch Resist U.S. Call to Ban More Chip Equipment Sales to China
The European country dominates one-of-a-kind, cutting-edge chipmaking equipment that has become a focus of the U.S. government’s attempts to limit China.
Photo: iStock.com/Rutmer Visser
Oil Freight at $100,000 Piles Pressure on Crude Markets
The escalating shipping costs, however, are being offset by falling spot premiums in the current cycle even for OPEC producers’ crude, traders said.
Photo: Bloomberg
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