U.S. Commerce To Ask Companies Seeking Chips Funding To Provide Childcare For Employees

U.S. Commerce To Ask Companies Seeking Chips Funding To Provide Childcare For Employees

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Monday it plans to ask companies seeking at least $150 million in funding from a $52 billion semiconductor law to submit a plan for how they will provide affordable childcare for their workers. The Biden administration unsuccessfully sought $200 billion in funding for universal…

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Airbus Criticizes US Inflation Reduction Act For Challenging European Aerospace Firms

Airbus Criticizes US Inflation Reduction Act For Challenging European Aerospace Firms

WASHINGTON (Reuters) -The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts. Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing…

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Biden Admin Grilled Over $23 Billion In Licenses For Blacklisted Chinese Firms

Biden Admin Grilled Over $23 Billion In Licenses For Blacklisted Chinese Firms

By Karen Freifeld and Alexandra Alper (Reuters) -The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said on Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe…

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