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Auto · 30 Nov 2022
As US Eyes New China Chip Curbs, Turmoil Looms For Global Market
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply…
Auto · 30 Nov 2022
Infineon Quarterly Revenue Beats, Lifts 2022 Outlook On Chip Demand
Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to…
Auto · 30 Nov 2022
Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost Security
<img src="” title=”Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost Security” /> The European Union is planning a five-fold increase in financial support to an African…
Auto · 30 Nov 2022
Venezuela To Support Reconstruction Of Cuban Port Damaged By Oil Fire
Maduro said that Venezuela would support Cuba in the reconstruction of its only supertanker port in Matanzas, which was partially destroyed by a fire after lightning struck…
Auto · 30 Nov 2022
FedEx Unit To Test Ford’s Electric Vans For Parcel Delivery
FedEx Office will pilot Ford Motor Co’s electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp said, as part of the…
Auto · 30 Nov 2022
Musk Sells Tesla Stock Worth $6.9 Billion As Possibility Of Forced Twitter Deal Rises
Tesla CEO Elon Musk sold $6.9 billion worth of shares, saying the funds could be used to finance a potential Twitter deal if he loses a legal…
Auto · 30 Nov 2022
Myanmar To Import Russian Oil, Military Says
Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices.
Auto · 30 Nov 2022
Ukraine To Resume Excise Tax On Fuel To Replenish Budget During War
The Ukrainian government has asked parliament to partially restore excise tax on petrol and diesel fuel to boost the state budget, depleted by months of war with…
Auto · 30 Nov 2022
Spiralling Fuel Costs Hit Damascus Drivers
Damascus minibus driver Khaled al-Hassi remembers a time when he could fill his tank with cheap fuel to drive passengers across the Syrian capital and take home…
Auto · 30 Nov 2022
Chip Stocks Slip As Taiwan Tensions Mount
Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and…