WASHINGTON—The U.S. Senate on Monday again approved a bill to provide $52 billion in U.S. subsidies for semiconductor chips manufacturing in a bid to reach a compromise after months of discussions. The 68–28 procedural vote sends the legislation back to the House of Representatives in a cumbersome process to ultimately launch a formal process known…
US Senate Approves $52 Billion Chips Bill in Bid to Reach Compromise
March 30, 2022
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US Trial Begins for Member of ISIS ‘Beatles’ Cell
March 30, 2022
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WASHINGTON—An alleged member of a group of ISIS terrorists that beheaded American hostages in Iraq and Syria, nicknamed “The Beatles” for their British accents, faces a U.S. criminal trial beginning on Tuesday. El Shafee Elsheikh, 33, will stand trial in federal court in Alexandria, Virginia, just outside Washington, on charges including lethal hostage-taking and conspiracy…
BOJ Ramps up Battle to Defend Yield Cap Even as Weakening Yen Raises Economic Risk
TOKYO—The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on Tuesday, underscoring its resolve to keep policy ultra-loose and putting downward pressure on the yen. The BOJ’s intervention raised the stakes for policymakers in the world’s third-largest economy as…
Ex-Goldman Banker’s Wife Testifies in Husband’s Defense at 1MDB Trial
March 30, 2022
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NEW YORK—The wife of former Goldman Sachs banker Roger Ng on Monday testified in her husband’s defense at a U.S. trial over the looting of hundreds of millions of dollars from Malaysia’s 1MDB sovereign wealth fund between 2009 and 2014. Ng, Goldman’s former chief for Malaysia, is charged with conspiring to launder money and violate…
US Chamber Sides With Facebook in Antitrust Appeal
WASHINGTON—The powerful U.S. Chamber of Commerce filed a brief on Monday, urging a D.C. appeals court to reject an appeal by a big group of United States to revive their antitrust lawsuit against Meta Platform’s Facebook. The Chamber, along with the Computer and Communications Industry Association and Business Roundtable, argued that the district court judge…
5 Killed in Shooting in Israel, US Condemns ‘Terrorist Attack’
Five people died after a shooting attack in a crowded city near Israel’s commercial capital, Tel Aviv, on Tuesday, after a man opened fire at passers-by. A man dressed in black and holding an assault rifle opened fire at passersby in Bnei Brak, a Jewish ultra-Orthodox city east of Tel Aviv, before he was killed by an officer,…
2 Chinese Students Barred from Entering Australia Over Prior ‘Military Training’
March 30, 2022
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Two Chinese international students have been refused entry by Australian border officials for not disclosing prior military training, according to Beijing state media. An international student entering Sydney International Airport had his visa cancelled and was not allowed to enter Australia after border officials found he had received military training at a Chinese university, according…
Tesla Adds to Wave of Megacap Stock Splits
March 30, 2022
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Tesla’s announcement on Monday that it will seek shareholder approval to increase its share count in order to enable a stock split adds to a recent wave of megacap companies splitting their shares in a bid to attract more investors. Tesla said in a filing it would hold a vote at its upcoming annual shareholder…
Trump Says He Doesn’t Want to Become Next Speaker of the House
March 30, 2022
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Former President Donald Trump said on Tuesday that he has no interest in becoming the next Speaker of the House if Republicans gain control of the House of Representatives after this year’s midterms. “No, I think that it’s not something I wanted. A lot of people bring it up. It’s brought up all the time,”…
Australian Government to Boost Defence Capabilities With $500 Billion Spending
The Australian Defence Force will receive $575 billion (US$432 billion) in government funding by the end of this decade to deal with “a period of profound uncertainty and disruption.” More specifically, nearly half of the spending will go toward enhancing Australia’s defence capabilities. This includes $38 billion (US$28.6 billion) to increase the defence workforce by…
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