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Indium's Role in Tech Boom Raises Supply Concerns Amid AI Surge

Indium's Role in Tech Boom Raises Supply Concerns Amid AI Surge

Indium's Role in Tech Boom Raises Supply Concerns Amid AI Surge
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Trading Day: Nervy Fed vigil almost over

Trading Day: Nervy Fed vigil almost over

ORLANDO, Florida, Dec 9 (Reuters) - U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve's policy decision on Wednesday, while surprisingly hawkish remarks from Australia's central bank governor rocked markets there. More on that below.
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USAID Funding Freeze by Trump Administration Sparks Global Humanitarian Concerns

USAID Funding Freeze by Trump Administration Sparks Global Humanitarian Concerns

President Trump has frozen much of the work carried out by the U.S. Agency for International Development (USAID), which has been a significant player in international assistance and development. This decision has sparked varied reactions, with some mourning the loss of life-saving aid and others supporting the freeze to reduce perceived wasteful spending. The freeze has raised concerns about the potential for Russia or China to fill the void left by the U.S. in international development. The suspension of USAID funding is seen as a critical juncture that could lead to decolonizing aid, although it poses immediate challenges to ongoing humanitarian programs.
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Ralph Lauren Returns to Milan Fashion Week, Signaling a Shift in Fashion Dynamics

Ralph Lauren Returns to Milan Fashion Week, Signaling a Shift in Fashion Dynamics

Ralph Lauren Returns to Milan Fashion Week, Signaling a Shift in Fashion Dynamics
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South Korea to consider setting up $3.1 billion foundry to grow local chip sector

South Korea to consider setting up $3.1 billion foundry to grow local chip sector

By Joyce Lee and Hyunjoo Jin SEOUL, Dec 10 (Reuters) - South Korea is considering building a 4.5 trillion won ($3.06 billion) foundry to make essential chips, funded by state and private investment, part of efforts to gain an edge in a race to nurture local semiconductor firms as demand for AI chips
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President Trump Sets Conditions for Potential Meeting with Zelenskyy Amid Ukraine Peace Process

President Trump Sets Conditions for Potential Meeting with Zelenskyy Amid Ukraine Peace Process

President Trump has indicated that he may meet with Ukrainian President Volodymyr Zelenskyy over the weekend in Europe, contingent on certain conditions being met. During a roundtable discussion in Washington DC, Trump mentioned having 'pretty strong words' with European leaders regarding Ukraine. He emphasized the need for clarity before proceeding with any meeting, stating, 'We don't want to waste our time.' Trump also highlighted the Ukrainian public's desire for a settlement, referencing a poll suggesting that 82% of Ukrainians want the conflict to end. The discussion comes amid ongoing tensions and military engagements between Ukraine and Russia, with both sides targeting each other's energy infrastructure.
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China's Rare Earth Exports Surge After Xi-Trump Meeting

China's Rare Earth Exports Surge After Xi-Trump Meeting

China's rare earth exports saw a significant increase in November, following a meeting between President Xi Jinping and President Trump. The exports rose by 26.5% from October, reaching 5,493.9 metric tons. This increase marks the second consecutive month of growth. The rise in exports comes after China introduced 'general licences' to expedite shipments, a move likely influenced by the recent high-level meeting. These minerals are critical for various industries, including automotive, consumer electronics, and defense.
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White supremacy notion threatens South Africa's sovereignty, president says

White supremacy notion threatens South Africa's sovereignty, president says

By Tim Cocks JOHANNESBURG, Dec 8 (Reuters) - Ideas of white racial superiority are a threat to South Africa's post-apartheid unity, its sovereignty and its diplomatic relations, President Cyril Ramaphosa said on Monday, calling for global efforts to debunk false stories about white persecution.
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Morning Bid: Wobbling bonds find a level as Fed meets

Morning Bid: Wobbling bonds find a level as Fed meets

By Mike Dolan Dec 9 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started
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China's Li criticises tariffs as record trade surplus irks export markets

China's Li criticises tariffs as record trade surplus irks export markets

By Joe Cash BEIJING, Dec 9 (Reuters) - China's Premier Li Qiang on Tuesday urged trading partners to reject rising protectionism, a day after the world's second-largest economy posted a record $1 trillion trade surplus driven by a rush of exports to non-U.S. markets.
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Canada's top envoy to the US will resign before review of free trade agreement

Canada's top envoy to the US will resign before review of free trade agreement

Canada’s ambassador to the U.S. for the last six years says she’s resigning next year as the two major trading partners review the free trade agreement
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Trading Day: Fed uncertainty hits stocks and bonds

Trading Day: Fed uncertainty hits stocks and bonds

ORLANDO, Florida, Dec 8 (Reuters) - Apprehension ahead of the Federal Reserve's policy decision later this week weighed on Wall Street on Monday, while continued selling in U.S. Treasuries pushed the 30-year yield to its highest in three months. More on that below.