Biden to address global computer chip shortage
President Biden will sign an executive order aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production.
President Biden will sign an executive order aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production.
U.S. President Joe Biden's nominee to be director of the CIA, William Burns, told a Senate committee on Wednesday that he saw competition with China - and countering its "adversarial, predatory" leadership - as the key to U.S. national security.
Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market.
Two Senate committees postponed meetings scheduled for Wednesday to consider President Joe Biden’s pick as budget director, Neera Tanden, suggesting she may not have the votes to be approved and may become the first high-profile Biden nominee to be rejected.
Britain will resist "very firmly" any European Union attempts to arm-twist banks into shifting trillions of euros in derivatives clearing from Britain to the bloc after Brexit, Bank of England Governor Andrew Bailey said on Wednesday.
The Nasdaq index fell in choppy trading on Wednesday as investors continued to sell technology-related stocks, while the S&P 500 and the Dow Jones were supported by cyclical shares on hopes of a quicker economic recovery.
Indonesia is holding intensive talks with both the Myanmar military and representatives of the ousted elected government in a bid to end a crisis over a Feb. 1 military coup, Indonesia's foreign minister said on Wednesday.
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