Indonesia will stop both liquefied petroleum gas (LPG) and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said on Thursday.
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WASHINGTON (Reuters) - A group of U.S. senators are close to unveiling a $52-billion proposal Friday that would significantly boost U.S. semiconductor chip production and research over five years sources briefed on the matter said.
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Senators Mark Kelly, John Cornyn, Mark Warner and Tom Cotton have been negotiating a compromise measure to address the issue in the face of rising Chinese semiconductor production and shortages impacting automakers and other U.S. industries.
A spokesman for Cornyn said the senator has “not signed on to a semiconductor amendment.”
Sources said there remains at least one sticking point over whether to include a provision on labor rates.
A U.S. Senate committee voted 24-4 to pass a compromise measure authorizing more than $110 billion for basic and advanced technology research over five years in the face of rising competitive pressure from China.
By Reuters Staff
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FILE PHOTO: Mexico s President Andres Manuel Lopez Obrador addresses to the nation on his second anniversary as the President of Mexico, at the National Palace in Mexico City, Mexico, December 1, 2020. REUTERS/Henry Romero/File Photo
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador on Wednesday welcomed a move by the United States against General Motors Co for alleged labor violations at a Mexican factory, saying the two governments had to work together to protect workers.
Using powers under a new trade agreement that replaces NAFTA, the Biden administration on Wednesday asked Mexico to examine alleged labor rights violations at a GM pickup truck factory in the city of Silao, a move that could lead to tariffs on some of GM’s most profitable vehicles.
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(Reuters) -Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.
FILE PHOTO: Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado Ruvic
Bitcoin fell more than 10% after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the world’s biggest digital currency for payment. Other cryptocurrencies, including ethereum, also fell before regaining some ground in Asia trade.