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Global supply constraints deal heavy blow to Japanese firms

A global parts and chip shortage is taking a heavy toll on Japanese firms with seven out of eight automakers seeing global output drop in September, casting doubt over the central bank's view the impact of supply constraints will be temporary.

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U.S. climate credibility on the line as Biden heads to COP26

President Joe Biden wants to show the U.N. climate conference in Scotland that the United States is back in the fight against global warming. But continued haggling in Congress over legislation to advance his climate goals threatens to undermine that message on the world stage.