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Business · United StatesGeneral Electric, long a symbol of American manufacturing and steeped in a rich history, is officially moving on from its existence as a sprawling conglomerate. The Boston company, known for everything from light bulbs to jet engines, has completed its split into three separate companies, as its aerospace and energy businesses start trading on the New York Stock Exchange as separate entities on Tuesday. GE announced in November 2021 that it planned to split into three companies focused on aviation, energy and health care. At the time the company had already rid itself of the appliaces that it was known for. In 2020 GE stopped sales of the light bulbs that it had been making since its founding in the late 19th century. See the Story
GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate
Coverage: 7 sources
Asia · IndonesiaSouth Korea's Hyundai Motor Co and PT Adaro Minerals Indonesia Tbk have ended an aluminium supply agreement. The decision follows calls by a climate campaigner backed by K-pop fans not to procure supplies of the metal produced using coal power. Hyundai Motor said in a statement on Tuesday that it had ended its non-binding memorandum of understanding (MoU) with Adaro.See the Story
Hyundai Motors ends Indonesia aluminium deal after climate campaign by K-pop fans
66% Center coverage: 6 sources
Joe Biden · United StatesThe Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing's chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips designed by Nvidia and others as Washington cracks down on Beijing over concerns its advancing tech sector could help boost China's military. The new rules, which run 166 pages in length, go into effect on Thursday. They clarify, for example, that restrictions on chip shipments to China also apply to laptops containing those chips.See the Story
U.S. updates export curbs on AI chips and tools to China
56% Center coverage: 9 sources
Fumio Kishida · United StatesJapan and the U.S. will announce closer cooperation in high-tech areas such as artificial intelligence (AI) in a joint statement when Prime Minister Fumio Kishida meets with President Joe Biden next month, the Asahi Shimbun newspaper said on Saturday. Biden is set to host Kishida for an official visit to the U.S. on April 10. Calling ties between the two allies a "global partnership", the joint statement will advocate stronger cooperation in AI and semiconductors, Asahi said without citing its sources. As part of the agreement, Japan and the U.S. will likely set up a framework for AI research and development, working with Nvidia, Arm and Amazon, among others, the newspaper said.See the Story
US, Japan to call for deeper cooperation in AI, semiconductors, Asahi says
57% Center coverage: 7 sources
Europe · North Rhine-WestphaliaAs planned, seven more lignite-fired power plant units in Germany will be shut down for good at the end of March. The decommissioning of all units had been planned earlier. In order to save natural...See the Story
Seven lignite-fired power plant units face final decommissioning
100% Center coverage: 1 sources
Joe Biden · United StatesPresident Biden on Saturday signed a $1.2 trillion government funding bill to stave off a government shutdown, capping a frenetic sprint by lawmakers to pass the final batch of appropriations measures.The House passed the legislation Friday with a bipartisan 286-134 vote, which spurred a push among some conservatives to oust Speaker Mike Johnson (R-La.). See the Story
Biden signs $1.2 trillion spending package to keep government open
50% Center coverage: 95 sources