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China lays out its vision to become a tech power
March 6, 2016 by elegant · Leave a Comment
China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent…
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China lays out its vision to become a tech power
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U.S. Commerce Department to place restrictions on China’s ZTE
March 6, 2016 by creative · Leave a Comment
The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE's suppliers to apply …
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U.S. Commerce Department to place restrictions on China’s ZTE
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VW chairman, CEO knew of defeat devices early: Bild
March 6, 2016 by elegant · Leave a Comment
Volkswagen AG's current chairman and chief executive were alerted by the carmaker's former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulations, Bild am Sonntag reported, without citing the source of the information. Martin Winterkorn, who resigned within a week of Volkswagen's (VW) biggest-ever corporate…
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VW chairman, CEO knew of defeat devices early: Bild
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Monetary policy risks becoming ineffective in low growth world: ECB Coeure
November 22, 2015 by elegant · Leave a Comment
Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Speaking at the University of California Berkeley, ECB executive board member Benoit Coeure called for academics and policy makers to address issues at the root of a global
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Monetary policy risks becoming ineffective in low growth world: ECB Coeure