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US tightens metal import policies

The U.S. government has said steel and aluminum exported from China are unfairly priced. PHOTO: STR/AGENCE FRANCE-PRESSE/GETTY IMAGES  WASHINGTON, D.C. — The United States unveiled stricter rules on Wednesday on steel and aluminum imports from Mexico, moving to prevent China-origin goods from avoiding tariffs. The election-season actions by President Joe Biden’s administration …

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China builds 2/3s of world’s renewables

People walk past wind turbines at a beach on the Taiwan strait during sunset on Pingtan Island, Fujian province, China, April 10, 2023. REUTERS/Thomas Peter/File Photo  BEIJING — China is building almost twice as much wind and solar energy capacity as every other country combined, research published on Thursday showed. …

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Singapore state investor focuses on US investments

A Temasek Holdings signage at their office in Singapore. (Munshi Ahmed | Bloomberg | Getty Images)  SINGAPORE — Singapore state investor Temasek, one of the world’s top funds, said on Tuesday it would prioritize investments in the United States after the “underperformance” of Chinese capital markets over the past year. …

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Musk’s xAI, Oracle end talks on $10-B server deal

A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid/File Photo ©Thomson Reuters  BILLIONAIRE Elon Musk’s artificial intelligence (AI) startup xAI and tech giant Oracle have ended talks on …

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Japan’s wholesale inflation picks up

Shoppers check food items at a supermarket in Tokyo/yahoo.com  TOKYO — Japan’s wholesale inflation accelerated in June as the yen’s declines pushed up the cost of raw material imports, data showed on Wednesday, keeping alive market expectations for a near-term interest rate hike by the central bank. Rising global commodity …

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