AI boom in the US drives 422% spike in Taiwanese tech exports
The boom in AI is driving a surge in Taiwanese exports, with the island’s companies shipping more than $42 billion worth of graphic processing units…
China buys first US soy for 2024 crop — about seven months late
China, the world’s largest importer of soybeans, made its first purchase of US soybeans for the upcoming season — months later than usual.
Expensive cocoa supply is about to hit chocolate makers, spurring demand pullback
Cocoa processing likely slowed a bit last quarter, but a steeper slump is looming as chocolatiers start to really feel the pinch of pricey beans.
US targets China with tariffs on steel, aluminum sent via Mexico
President Joe Biden’s administration will apply new tariffs to steel and aluminum shipments diverted through Mexico in a bid to prevent China from circumventing existing…
US diaper makers warn EU of shortages under law to save forests
US paper makers are warning the European Union that a new law requiring them to trace timber to its origins risks disrupting $3.5 billion of…
Germany to prevent China control of wind-turbine data, Habeck says
German Vice Chancellor Robert Habeck said he wants to prevent China from gaining control over wind-turbine data.
Germany agrees to strip Huawei from 5G core network by end-2026
Germany’s ruling coalition has agreed on a compromise proposal to strip Huawei Technologies Co. components from the nation’s 5G core mobile network by the end…
Malaysia says near Singapore deal for special economic zone
Malaysia said it’s near a deal with Singapore to develop Southeast Asia’s first cross-border special economic zone, which the countries hope will lure new investment…
China opens tit-for-tat investigation into EU trade barriers
China is investigating whether the European Union’s spate of actions against the world’s No. 2 economy constitute an illegal barrier to free trade, as the…
Nigeria to scrap duty on some food imports to fight inflation
Nigeria announced a series of measures to curb food inflation that’s rising at its fastest pace in three decades in a country where almost half…
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