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The Latest Breaking News from Commerce

Biden Administration Engages With Business Leaders For Economic Growth

President Biden engages with corporate leaders to drive investment and address workforce shortages, balancing business interests with worker welfare.

Top News

African countries want answers over old rice sale

The Foreign Ministry will meet with diplomats from African countries to address concerns following reports that Thailand plans to sell 15,000 tonnes of 10-year-old rice to their countries.

Bangkok Post

3 Retail Stocks to Avoid in May

Persistent inflation and high interest rates are significantly affecting consumer spending. Despite this, the retail industry is set for long-term profitability, driven by shifting consumer tastes, technological innovations, and e-commerce growth. Amid this, retail stocks Grocery Outlet (GO), Dollar Tree (DLTR), and Dollar General (DG) are best avoided now. Read…

StockNews.com

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Tests show 10-year-old rice 'safe to eat'

The government will auction off the rice from Yingluck Shinawatra's pledging scheme that had been stored in two warehouses in Surin for 10 years, after a laboratory test result showed that the rice is still safe to eat.

Bangkok Post

China trade block drop on cards as premier visits

The remaining trade impediments against Australian lobster and abattoirs could be dropped ahead of a trip by the Chinese premier and commerce minister.

AAP

Schools in district fare well in CBSE class XII, X exams

Students from across CBSE schools in district come out in flying colours.

The Hindu

Govt wants to sell 10-year-old rice

Commerce Minister Phumtham Wechayachai on Monday said that the government wants to sell the last stocks of decade-old rice.

Bangkok Post

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US Commerce Secretary says if China seized TSMC it would be 'absolutely devastating' to the US economy, as it buys 92% of its cutting-edge chips from the Taiwanese manufacturer

As Chinese relations with Taiwan remain strained, the US continues to reinforce the importance of chip manufacturing on home soil.

PC Gamer

Tesla Removes Most Job Posts In North America After ‘Hardcore’ Layoffs

We also discuss Tesla's hiring freeze, the potential ban of Chinese connected cars in the U.S. and Ford rethinking its plan to go all-electric in Europe by 2030.

InsideEVs

78.69% of Plus Two students qualify for higher studies

78.69% of students eligible for higher studies after Plus Two exams, with 39,242 A+ grades and 105 perfect scores.

The Hindu

Commerce Department Implements Stricter Rules On U.S. Firearms Exports

Learn about the Commerce Department's new restrictions on U.S. firearms exports to prevent misuse and enhance national security.

Top News

Commerce Department announces new restrictions on U.S. firearms exports

The Commerce Department is announcing new restrictions on U.S. firearms exports in an effort to prevent the guns from ending up in the hands of drug traffickers and criminals in other nations

The Independent UK

Micron gets combined $13.6 billion grant, loan for chip plants - Roll Call

Boise, Idaho-based Micron Technology will receive a $6.1 billion federal grant and $7.5 billion loan to build factories for memory chips.

Roll Call

Samsung To Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

AnandTech

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WEKU

Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

The Hindu

II PU results: From farmer’s daughter to hairdresser’s son, toppers in Karnataka share their tales of hard work

From a girl who travelled 20 kilometres from her village to college, to a boy who lost his father to COVID–19 and yet emerged on top, this year’s II PU toppers come with stories of determination and hard work.

The Hindu

II PUC results: Pass percentage improves but Mysuru ranks 17th among districts

Despite Mysuru being known as an education hub since historical times, it ranked 17th among the districts in the State in the II PUC examination, the results of which were announced on Wednesday.

Tom’s Hardware

US CHIPS and Science program puts R&D funding on hold — highlighting intense demand that far exceeded initial expectations

The U.S. Commerce Department halts CHIPS funding for R&D facilities.

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Top News

Biden Administration Invests .6 Billion In U.S. Semiconductor Manufacturing

Biden administration commits .6 billion to TSMC for chip production in Arizona, boosting U.S. semiconductor manufacturing and creating jobs.

Roll Call

Little-known NTIA takes on massive job of internet connectivity - Roll Call

The National Telecommunications and Information Administration has a goal of giving all Americans access to high-speed internet.

Top News

Microsoft Criticized For Security Failures In Chinese Cyberattack

Biden-appointed review board criticizes Microsoft for security lapses allowing Chinese cyber breach of U.S. officials' email accounts.

AnandTech

Intel to Receive $8.5B in CHIPS Act Funding & Further Loans To Build US Fabs

Intel and the United States Department of Commerce announced on Wednesday that they had inked a preliminary agreement under which Intel will receive $8.5 billion in direct funding under the CHIPS and Science Act. Furthermore, Intel is being made eligible for $11 billion in low-interest loans under the same law,…

The Hindu

India signs free trade pact with 4 European countries

India-EFTA free trade agreement: India and EFTA sign free trade agreement to boost investments and trade, creating opportunities for economic growth and collaboration.

The Hindu

Despite hectic discussions, WTO MC13 ends with no deals on fisheries, agriculture

WTO ministerial conference in Abu Dhabi ends without decision on key issues, extends e-commerce trade moratorium for 2 years.

Top News

Biden Administration Investigates National Security Risks Of Chinese Smart Cars

Biden administration investigates Chinese 'smart cars' for national security risks, focusing on data privacy and cybersecurity concerns.

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