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Roche says will invest $50 bn in US over next five years
Roche says will invest $50 bn in US over next five years
by  AFP

Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years. "Our investments of $50 billion over the next five years will lay the foundation for our next era of innovation and growth, benefiting patients in the US and around the world." noo/ach/rjm

US to impose new duties on solar imports from Southeast Asia
US to impose new duties on solar imports from Southeast Asia
by  AFP

The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector. If imposed, the new levies will come on top of the blanket 10 percent levy imposed by Trump since early April on products entering the United States from most trading partners.

Auto Shanghai to showcase electric competition at sector's new frontier
Auto Shanghai to showcase electric competition at sector's new frontier
by  AFP

The world's biggest auto show opens Wednesday in Shanghai, with foreign carmakers raring to show they can compete against the ultra-competitive Chinese firms that dominate the sector's new electric frontier. Analysts consider the Chinese market, the world's largest, younger-leaning and more open to novelty.

Gold hits record, stocks slip as Trump fuels Fed fears
Gold hits record, stocks slip as Trump fuels Fed fears
by  AFP

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. The rush for safety saw gold hit yet another record above $3,457, and while the dollar steadied after the previous day's selloff, it remained under pressure against its major peers.

Woe is the pinata, a casualty of Trump trade war
Woe is the pinata, a casualty of Trump trade war
by  AFP

The humble pinata has become one of the latest targets to take a whacking in US President Donald Trump's trade war. - Many enemies - The service sector is not immune either to Trump's trade war, and neither are his supporters.

Trump tariffs torch chances of meeting with China's Xi
Trump tariffs torch chances of meeting with China's Xi
by  AFP

With his storm of tariffs on Chinese goods, US President Donald Trump has torched ties with Beijing and likely wrecked any hope of meeting his counterpart Xi Jinping in the near term, analysts say. Ali Wyne, a senior research and advocacy adviser focusing on US-China ties at the International Crisis Group think tank, said neither Trump nor Xi "will want to convey that he has yielded to the other".

China's CATL launches new EV sodium battery
China's CATL launches new EV sodium battery
by  AFP

Chinese battery giant CATL launched on Monday a new sodium-ion battery it says will restructure the electric car industry, and a new system to combine two battery technologies into one car. Production of large batteries for electric and hybrid cars are due to follow in December of this year.