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Putin discusses West’s oil price cap with Iraqi leader – Kremlin

Nov 24 (Reuters) – Russian President Vladimir Putin on Thursday discussed Western attempts to cap the price of Russian oil during a phone call with Mohammed Shia al-Sudani, the new Iraqi prime minister, the Kremlin said in a readout of the call. It said Putin had told Sudani that a price cap would have serious …

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Russia revives Soviet-era Moskvich brand with Chinese model

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – After a two-decade hiatus, Russia on Wednesday launched production of the Moskvich car brand at a plant near Moscow given up by the French carmaker Renault, with a new, modern Chinese design that …

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TSMC planning advanced chip production in Arizona, says company’s founder

TAIPEI, Nov 21 (Reuters) – Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometer technology at its new factory in the US state of Arizona but the plans are not completely finalized yet, the company’s founder Morris Chang said on Monday. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), , a major Apple Inc …

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Tesla safety at center of South Korean trial over fiery, fatal crash

SEOUL, Nov 21 (Reuters) – In an upscale Seoul neighborhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a prominent lawyer – a close friend of South Korea’s president. Prosecutors have charged the driver with involuntary manslaughter. He blames Tesla. Choi Woan-jong, who had eked …

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Canada orders three Chinese firms to exit critical minerals deals

OTTAWA, Nov 2 (Reuters) – Canada’s government ordered three Chinese firms on Wednesday to divest their investments in Canadian critical minerals companies on grounds of national security. The three firms ordered to divest their investments are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd, also based in Hong Kong, and Zangge …

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Exclusive: US alleges Seagate broke export rules to sell Huawei hard drives, person familiar says

Oct 26 (Reuters) – Seagate Technology Holdings said in a filing on Wednesday the US government has warned the company that it may have violated export control laws by providing hard disk drives to a customer that a source familiar with the situation identified as Huawei Technologies( HWT.UL). Reuters was the first to report the …

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Wall Street bankers in Riyadh renew warnings over world economy

RIYADH, Oct 25 (Reuters) – Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackled decades-high inflation. Goldman Sachs boss David Solomon said economic conditions would “tighten meaningfully from here” and the US Federal Reserve could hike rates beyond 4.5-4.75% if it …

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White House says ‘not true’ that there is national security review of Elon Musk

WASHINGTON, Oct 24 (Reuters) – Reports that the United States was discussing launching a national security review of some of Elon Musk’s ventures were “not true,” said the White House on Monday. White House press secretary Karine Jean-Pierre declined to comment on the Biden administration’s relationship with Musk or his business dealings with other countries. …

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Japan’s doubt FX intervention fails to stem yen slide

Yen volatile as Tokyo doubt of intervention for 2nd day FX officials remains tight lipped on intervention Policymakers keep up warning vs excess FX volatility BOJ Kuroda repeats need to keep ultra-low rates TOKYO, 24 (Reuters) – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days of …

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