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Donald Trump transfers £3 billion of Trump Media shares to trustPresident Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States. US officials have been working to solidify Biden's legacy to bolster domestic semiconductor manufacturing ahead of President-elect Donald Trump's White House return -- and these agreements are among the latest efforts to do so. The United States has been trying to reduce its dependence on other countries for semiconductors, while also seeking to maintain its scientific and technological edge as competition with China intensifies. Samsung's award of up to $4.7 billion in direct funding goes towards its effort to grow its Texas presence into a full-fledged operation for developing and producing leading-edge chips, said the US Commerce Department. The funding will supplement the company's investment of more than $37 billion in the coming years, the department added. Samsung's expansion will help "ensure we have a steady, domestic supply of the most advanced semiconductors that are essential to AI and national security, while also creating tens of thousands of good-paying jobs," Commerce Secretary Gina Raimondo said in a statement. National Economic Advisor Lael Brainard added that Samsung is "the only semiconductor company that is a leader in both advanced memory and advanced logic chips." In a separate notice, the Commerce Department said it also had finalized an award of up to $1.6 billion for Texas Instruments, supporting its efforts to build new facilities. Raimondo noted that shortages of current-generation semiconductors were a problem during the supply chain disruptions sparked by the Covid-19 pandemic, adding that TI now plans to grow its US capacity in making these devices. The Biden administration has unveiled billions in grants through the CHIPS and Science Act, a major law passed during the veteran Democrat's term aimed at strengthening the US semiconductor industry. Officials have managed to get many deals across the finish line before Trump returns to the Oval Office, awarding the vast majority of more than $36 billion in proposed incentives that have been allocated. The finalized deals mean funds can be disbursed as companies hit project milestones. bys/sst
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Cowboys WR CeeDee Lamb (shoulder) done for yearExternal Affairs Minister (EAM) Dr. S. Jaishankar will embark on an official visit to the State of Qatar from December 30, 2024, to January 1, 2025. During his trip, Dr. Jaishankar is scheduled to meet with Qatar’s Prime Minister and Foreign Minister, H.E. Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, to discuss and strengthen bilateral relations between the two countries. India and Qatar today have a good relationship across various sections of trade, economy, and so on. Besides, Dr. Jaishankar's talks are supposed to cover a multitude of topics ranging from political to trade, investment, energy, security, and even cultural ties. The countries are also likely to report for people-to-people contacts, which touched a new level due to the remarkable Indian diaspora in Qatar. This visit will also open the doors to discuss the positions of both sides on regional (adsbygoogle = window.adsbygoogle || []).push({}); and global matters pertinent to each other. As an essential Gulf country, Qatar plays a significant role in global issues, thus relating India's growing relationship with it to the increased strategic partnerships in the Middle East. The visit continues the high-level engagements between India and Qatar. Therefore, it will further strengthen bilateral ties and bring some fresh opportunities to collaborate significantly. India is an enthusiastic nation when nurturing ties to Gulf nations, as is exemplified by this visit, with EAM Dr. Jaishankar serving this critical nation in India's foreign policy. Earlier on December 7, S Jaishankar met the Qatari PM and held "productive" talks on bilateral relations and developments in Gaza and Syria. Jaishankar was visiting Doha to participate in the Doha Forum at the invitation of Al Thani, who is also the Minister of Foreign Affairs.Drop in Boxing Day footfall ‘signals return to declining pre-pandemic levels’None
‘We Shouldn’t Politicize Everything’ – TUC President Speaks On Tinubu’s Tax Reform BillsWASHINGTON (AP) — President Joe Biden said Sunday that the U.S. government believes missing American journalist Austin Tice, who disappeared 12 years ago near the Syrian capital, is alive and that Washington is committed to bringing him home after Bashar Assad’s ouster from power in Damascus. “We think we can get him back,” Biden told reporters at the White House, while acknowledging that “we have no direct evidence” of his status. “Assad should be held accountable.” Biden said officials must still identify exactly where Tice is after his disappearance in August 2012 at a checkpoint in a contested area west of Damascus. “We’ve remained committed to returning him to his family,” he said. Tice, who is from Houston and whose work had been published by The Washington Post, McClatchy newspapers and other outlets. A video released weeks after Tice went missing showed him blindfolded and held by armed men and saying, “Oh, Jesus.” He has not been heard from since. that it was holding him. The United States has no new evidence that Tice is alive, but continues to operate under the assumption he is alive, according to a U.S. official. The official, who was not authorized to comment publicly and spoke on condition of anonymity, said the U.S. will continue to work to identify where he is and to try to bring him home. His mother, Debra, said at a news conference Friday in Washington that the family had information from a “significant source,” whom she did not identify, establishing that her son was alive. “He is being cared for and he is well — we do know that,” she said. The Tice family met this past week with officials at the State Department and the White House. “To everyone in Syria that hears this, please remind people that we’re waiting for Austin,” Debra Tice said in comments that hostage advocacy groups spread on social media Sunday. “We know that when he comes out, he’s going to be fairly dazed & he’s going to need lots of care & direction. Direct him to his family please!”