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EU seeks greater Taiwanese investment as chip shortage bites

TAIPEI The European Union is seeking to encourage greater investment from Taiwan especially its semiconductor firms, the bloc's top diplomat in Taipei said on Tuesday, amid a global chip shortage that has impacted auto makers like Volkswagen.

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FOREX-Dollar falls to lowest in more than seven weeks

The dollar dropped to its lowest in nearly seven weeks during the Asian session, while the euro rallied, as investors grew more optimistic about the pace of vaccine rollout in Europe and U.S. Treasury yields remained below their March spikes.

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