China’s Xi urges greater innovation amid tech curbs from US

BEIJING (Reuters) – China’s President Xi Jinping, on an inspection tour of a major industrial province, renewed his call for greater innovation and technological self-reliance, as the United States intensifies curbs on Chinese access to advanced technologies. China should accelerate the upgrades of key technologies and core products, state-run Xinhua news agency reported on Friday,…

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South Korea says Japan’s water release plan meets standards

By Hyunsu Yim and Soo-hyang Choi SEOUL (Reuters) – South Korea said on Friday Japan’s plan to discharge treated radioactive water from its tsunami-wrecked Fukushima nuclear plant met global safety standards and it respected the U.N. nuclear watchdog’s approval for the release. Japan plans to soon start releasing more than a million tons of treated…

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Uber, DoorDash sue New York City over minimum wage law

By Daniel Wiessner (Reuters) -Uber Technologies Inc, DoorDash Inc and other app-based food delivery companies filed lawsuits on Thursday seeking to strike down New York City’s novel law setting a minimum wage for delivery workers. The companies filed separate complaints in New York state court claiming the law, which takes effect July 12, is based…

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Broadcom to invest in a $1 billion EU-funded chip programme in Spain

MADRID (Reuters) – U.S. chipmaker Broadcom will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. “Excited to announce our decision to invest in Spain’s semiconductor ecosystem under their semiconductor support program,” Kawwas said on his Twitter account. The project in which Broadcom…

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Yellen holds talks with China’s central bank governor, former economy tsar

By Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the global, U.S., and Chinese economies on Friday, according to a U.S. Treasury official Yellen comes to Beijing seeking to ease tensions between the world’s two…

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US wants coalition of nations to engage China in curbing synthetic drugs

By Michael Martina and Simon Lewis WASHINGTON (Reuters) – The U.S. wants other countries to engage China on limiting the flow of synthetic drugs, the State Department’s top official on narcotics said on Thursday, as Washington complains of a lack of co-operation by Beijing in combating their illegal trade. On the eve of a U.S.-led…

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