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Murky supply chainsNot all advanced technologies are subject to Western sanctions on Russia. So, a Russian military, as well as its civilian economy, have become dependent," Sam Bendett, advisor at the Center for Naval Analyses, said. Meanwhile, sanctions on Russia are largely limited to Ukraine's Western allies, meaning that many countries continue to trade with Russia. And this is what the Russian industry as well as the Russian military and its intelligence services are taking advantage of," Bendett said. Sanctions clampdownThe burgeoning trade flows have prompted calls from Western allies to either get more countries on board with sanctions, or slap secondary sanctions on certain entities operating within those countries in a bid to stifle Russia's military strength.
Persons: Elina Ribakova, KSE, Sam Bendett, spokespeople, Bendett, Sellers Organizations: CNBC, Semiconductors, Peterson Institute for International Economics, KSE Institute, Kyiv School, Economics, United Arab, Moscow, Royal United Services Institute, U.S ., Center for Naval, Russian, Economic Security, of, CNBC Exports, Union, Russian Federation, European Union, Peterson Institute for International Locations: Russia, Moscow, China, Turkey, United Arab Emirates, Ukraine, Russia's, U.S, Japan, Germany, Russian, microchips, Hong Kong, of Ukraine, Caucasus, Central Asia, Georgia, Armenia, Kyrgyzstan
Two Navy sailors in Southern California were arrested and accused of providing military secrets and sensitive information to Chinese intelligence officers, according to a pair of federal indictments unsealed on Thursday. Jinchao Wei, known as Patrick Wei, 22, was charged with spying for the Chinese under the Espionage Act. As a machinist’s mate, investigators said, he had clearance that gave him access to sensitive national security information. Already, the extent of Chinese spying, including cyberbreaches, has prompted top national security officials to sound the alarm. director, Christopher A. Wray, warned, “There’s no country that presents a more significant threat to our innovation, our ideas our economic security, our national security than the Chinese government.”
Persons: Jinchao Wei, Patrick Wei, Wei, Wenheng Zhao, Thomas, Zhao, Christopher A, Wray, , Organizations: Naval Base San, Pacific Fleet, Naval Base Locations: Southern California, Essex, Naval Base San Diego, Naval Base Ventura County, Port Hueneme, Pacific, China
"It seems like they do a lot to try to make it seem like they are the party for young Black men or Black men as a whole, but they don't back it with anything. The vast majority of Black voters, including men, are still expected to choose Biden over a Republican. Black men and women under the age of 50 voted Republican in similar numbers, the poll showed. A Reuters/Ipsos poll conducted July 11-17 found 18% of Black Americans would pick Trump over Biden in a hypothetical matchup, compared to 46% who favored Biden, including about one in four Black men, compared to about one in seven Black women. Compared with Black women, Black men were more likely to say they would back a presidential candidate that supported abortion restrictions and increased police funding to fight crime.
Persons: Joe Biden, Biden, lurch, Mekonnen, Biden's, I'm, LeLann Evans, Evans, Michael McDonald, Republican Donald Trump's, Trump, Terrance Woodbury, Woodbury, Julian Silas, Silas, Kamala Harris, Jaime Harrison, Harris, Tracy King, Andre Russell, Trevor Hunnicutt, Jarrett Renshaw, Jason Lange, Eric Cox, Heather Timmons, Alistair Bell Organizations: . Army, White House, Democratic Party, Democratic, White, Reuters, U.S, Republican, Black, Biden, Nashville City Council, Democrats, Pew Research, University of Florida, Republicans, HIT, Edison Research, Federal Reserve, Democratic National Committee, Culture, NAACP, Thomson Locations: Georgia, Black, South Carolina, Philadelphia, Atlanta , Milwaukee, Detroit, Pennsylvania , Michigan, Washington, Chicago, U.S, New Orleans
Earlier this month, U.S. Treasury Secretary Janet Yellen said contributions from Beijing could boost U.N. climate funds. It has, however, signalled a willingness to offer climate finance to developing countries through different instruments, like a South-South Climate Cooperation fund it launched in 2015. And the United States hopes that China will unveil its domestic plans to tackle the issue before the next U.N. climate conference in December. Global emissions levels have only risen since. The United States tends to look at overall national emissions, ignoring both historical emissions and the per-capita breakdown.
Persons: Janet Yellen, Donald Trump's, Joe Biden, John Kerry, Xie Zhenhua, Kerry, Xie, David Stanway, Katy Daigle, Jacqueline Wong Organizations: European Union, Treasury, Climate Cooperation, Technological, Biden, Kerry, Microvast Holdings, Global, European, Thomson Locations: BEIJING, China, United, Beijing, U.S, U.N, Rio de Janeiro, United States, Xinjiang, Paris, Glasgow, 1.5C, European Union, COP28, Dubai, Singapore
Old Cold War tool could help in new era of tension
  + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.
Persons: Joe Biden, Hung Tran, Li Qiang, , Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, , Russia, Britain, Canada, Australia, South Korea
July 14 (Reuters) - Two U.S. senators are pursuing a legislative plan to track U.S. investments in China, as the White House works to complete long-awaited action that would also restrict investment in certain, highly targeted sectors. The Biden administration, meanwhile, is finalizing an executive order that would also restrict certain investment in sectors including advanced semiconductors, quantum computing and artificial intelligence. A senior administration official, who spoke on condition of anonymity, said the aim was to wrap up legal and other reviews of the outbound investment order by Labor Day. Reuters reported in February that the proposed order was likely to track restrictions on artificial intelligence chips, chipmaking tools and supercomputers, among other technologies, imposed on exports to China in October. The senators' proposed legislation was filed as an amendment to the annual National Defense Authorization Act.
Persons: Bob Casey, Republican John Cornyn, Casey, Biden, Janet Yellen, Joe Biden, Karen Freifeld, Andrea Shalal, Susan Heavey Organizations: White, Democratic, Republican, Labor, Treasury, Reuters, National Defense, U.S . House, Republicans, Thomson Locations: China
"There is no country, none, that presents a broader, more comprehensive threat to our ideas our innovation our economic security than the Chinese government and the Chinese Communist Party," Wray testified. Wray said that Americans "would be shocked to hear" that virtually all companies doing business in China are required to allow those cells. Wray did not name specific companies who have been required to house CCP cells in China. It's not the first time Wray has raised concerns about Beijing's alleged efforts to enforce communist political views within foreign companies operating in China. "And it doesn't just apply to Chinese companies; it applies to foreign companies if they get to a certain size in China, as well," Wray told CNBC.
Persons: Christopher Wray, SAUL LOEB, Wray, China's, Antony Blinken, Janet Yellen, Lance Gooden, I've, Gooden, It's, Biden, — CNBC's Christina Wilkie Organizations: Federal Bureau of Investigation, AFP, Getty Images, Chinese, Party, Committee, Chinese Communist Party, CCP, FBI, U.S . Chamber of Commerce, Business, Apple, Nike, Street, Fidelity, Financial Times, HSBC, CNBC, Republican Locations: Washington ,, China, Beijing, Washington, Texas, British, BlackRock
Watchdog with teeth can help EU hunt unicorns
  + stars: | 2023-07-11 | by ( Rebecca Christie | ) www.reuters.com   time to read: +8 min
Yet the EU today is a long way from uniting its capital markets. By comparison, the United States has seven exchange groups, three listings exchanges and 16 trading exchanges, along with one clearing house and one depository. Bringing capital markets together through better regulation, as well as better market incentives, could keep the next generation of unicorns home. Follow @rebeccawire on TwitterCONTEXT NEWSEuropean Union leaders called for the EU to improve capital markets as part of a push for competitiveness at summits in March and June. Capital markets union is an EU endeavour launched in 2014 as a long-term project to boost investment across borders.
Persons: , Austria’s i5invest, Backes, Magdalena Rzeczkowska, Nadia Calviño, ESMA, ” Calviño, won’t, centralisation, Francesco Guerrera, Oliver Taslic Organizations: Reuters, EU, ABC Fitness Solutions, Reuters Graphics Reuters, Canada, Berlin Brands Group, European Securities and Markets Authority, European, Central, Union, European Commission, Capital, Thomson Locations: BRUSSELS, Europe, China, Ukraine, Arkansas, London, Switzerland, United States, IPOs, Belgian, U.S, Paris, spillovers, Luxembourg, Poland, Brussels, EU, wean
CNN —Former President Donald Trump has hit the 2024 campaign trail and is giving voters a preview of what a second Trump presidency could look like if he’s elected. Drug cartels“The drug cartels are waging war on America—and it’s now time for America to wage war on the cartels,” former President Donald Trump said in a January campaign video. Trump also said in the campaign video that he would cut funding for schools that teach critical race theory and gender ideology. The former president added in a campaign video that he would stop lobbyists and government contractors from pushing senior military officials towards war. We will reverse almost all of them,” Trump said in a campaign video.
Persons: Donald Trump, Trump, He’s, , it’s, , ” Trump, , Joe Biden, … ” Trump, Equity “, Biden Organizations: CNN, America, Department of Defense, Education, of Justice, Department of Education, Conference, Marxist, Trump, Democrats, National Guard, Department of Justice, Cities, FBI, CIA, Trump Reciprocal Trade, Congress, Soros District, Rifle Association, Legislative Action, Equity, Pharmaceuticals Trump Locations: Ukraine, America, Washington, Russia, New Hampshire, New, China, United States
LONDON, July 8 (Reuters) - U.S. President Joe Biden will arrive in Britain on Sunday for a brief visit during which he will meet British Prime Minister Rishi Sunak and discuss climate change issues with King Charles ahead of the upcoming NATO summit. Sunak's spokesperson said their discussions would likely include the upcoming NATO summit and Ukraine. The president and the king are due to discuss climate issues, a subject on which Charles, 74, has campaigned and spoken out about for more than five decades. When the two men met at the COP26 U.N. climate summit in Scotland two years ago, Biden praised Charles' leadership on the subject, telling him "We need you badly". Following the meeting, Biden and Sunak leave Britain for Lithuania where NATO leaders will gather for a key summit.
Persons: Joe Biden, Rishi Sunak, King Charles, Sunak, Boris Johnson, Liz Truss, Donald Trump, Biden, Queen Elizabeth, Barack Obama, Charles, Michael Holden, Muvija, Helen Popper Our Organizations: British, NATO, Downing, California's Stanford University, Biden, European Union, Trump, Nordic, Thomson Locations: Britain, Washington, Ukraine, United States, Santa Monica, Windsor, London, Scotland, Lithuania, Helsinki
Members of Congress are required to file documents disclosing their personal finances every year. But it's easy for them to push that deadline back — this year, nearly 60% of House members did it. Yet most House members didn't meet that deadline. Under current law, lawmakers are required to disclose their stock trades within 30 days — though violations of that law are frequent and often go unpunished. While several bills have been introduced this year to banning stock trading in Congress, the Republican-controlled House has yet to take action on the issue — despite House Speaker Kevin McCarthy previously expressing support for a ban.
Persons: Accountable.US, , didn't, Liz Zelnick, MAGA, Kevin McCarthy Organizations: Service, Economic Security, Corporate Power Program, Republican Locations: Acccountable.US
July 5 (Reuters) - Russia accused a small U.S.-based charity on Wednesday of "sabotaging" the construction of a huge gas pipeline to China and banned it as an "undesirable organisation". Jennifer Castner, director of the Altai Project, described the accusation as absurd but said it had been only a matter of time. The Russian prosecutor general's office said that while claiming to advocate nature conservation, the Altai Project was meddling in Russia's internal affairs and could damage its economic security. "The key direction of the organisation's work is sabotaging the construction of the Power of Siberia-2 gas pipeline," it said. The planned pipeline is intended to deliver 50 billion cubic metres of natural gas per year from Russia to China via Mongolia.
Persons: Jennifer Castner, general's, Castner, Mark Trevelyan, Conor Humphries Organizations: WWF, Reuters, Thomson Locations: Russia, U.S, China, Altai, Siberia, Mongolia, Moscow, Ukraine, Beijing, Greater Altai, Kazakhstan
SAN FRANCISCO, July 3 (Reuters) - South Korea's Samsung Display has filed a lawsuit against BOE Technology (000725.SZ), accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple's (AAPL.O) iPhone 12. Samsung Display, a unit of Samsung Electronics (005930.KS), asked a federal jury in Texas to award damages for the infringement of patents regarding organic light emitting diode (OLED) displays supplied by BOE. Samsung also seeks an injunction from the court to halt the import and sale of the affected displays. Apple has been using OLED displays on some of its Apple Watch and iPhone models, including the latest iPhone 14. The OLED display market is dominated by Samsung Display, with BOE narrowing the gap, overtaking South Korea's LG Display (034220.KS) as the No.
Persons: BOE, Apple, OLED, Omdia, Choi Kwon, Hyunjoo Jin, Stephen Nellis, Matthew Lewis Organizations: FRANCISCO, Samsung, BOE Technology, Samsung Electronics, U.S, Apple, Apple Watch, South, LG, U.S . International Trade Commission, San, Thomson Locations: Texas, East Texas, South Korea, China, San Francisco
TOKYO, June 27 (Reuters) - State-backed Japan Investment Corp (JIC) sees potential for more mergers and acquisitions in high-end corners of the chipmaking industry following its planned $6.4 billion buyout of materials maker JSR (4185.T), the head of its private equity arm said. "We see potential in some speciality materials markets where JSR can win dominant positions by combining with other materials makers," Ikeuchi said in an interview. "We believe that we can boost Japanese chip materials makers' global competitiveness by spurring industry consolidation," he added. In the chemicals industry, for example, Japan has "too many players making similar products that were once competitive but are now commoditised," Ikeuchi said. JIC, overseen by the powerful trade ministry, was set up in 2018 to invest in Japanese companies to boost the nation's competitiveness.
Persons: Shogo, Ikeuchi, JIC, Makiko Yamazaki, Ritsuko Shimizu, Jamie Freed Organizations: Japan Investment Corp, JIC Capital, Japan, Innovation Network Corp of Japan, Thomson Locations: TOKYO, chipmaking, Japan
The US-China trade war has impacted manufacturing exports, particularly in the semiconductor industry. Opening Plenary with Li Qiang, Premier of the People's Republic of China World Economic Forum/Benedikt von LoebellWhy does de-risking matter? According to the Peterson Institute for International Economics, the trade war of 2018-19 devastated US exports to China. A big sticking point for the two nations is the US manufacturing exports to China. "Prior to the trade war, manufacturing was 44 percent of total US goods and services exports to China — the largest component of pre-trade war commerce.
Persons: Li Qiang, Li, , Ursula von der Leyen, Benedikt von Loebell, Trump, Morgan, JP Morgan Organizations: Service, European, Economic, Peterson Institute for International Economics, Peterson Institute, Semiconductor Industry Association Locations: China, West, Davos, Tianjin, decouple, People's Republic of China, China —, East Asia, Taiwan, South Korea
Europe has more Russian lessons to learn
  + stars: | 2023-06-26 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The EU also isn’t remotely as threatening as China or even the United States, not to mention Russia. Over the same period, China’s share has risen to 18% from 7%, while the United States has stayed flat at 24%. The United States will carry most of the burden of deterring China. SECOND-BEST SOLUTIONSThe best solution to the EU’s lack of unity would be for it to use majority voting to determine foreign policy - as it already does for economic policy. But neither the EU nor its members should kid themselves that it’s in their interests to break with the United States.
Persons: Vladimir Putin, Yevgeny Prigozhin, Putin, Joe Biden’s, , Emmanuel Macron, Donald Trump, Peter Thal Larsen, Thomas Shum Organizations: Reuters, EU, Companies, U.S, Eurostat, Reuters Graphics, Trade, European Commission, Twitter, Thomson Locations: Brussels, Ukraine, Russia, EU, China, United States, Russian, Kyiv, Germany, France, Poland, Taiwan, Lithuania, People’s Republic, U.S, Spain, Europe, Italy, Japan, United Kingdom, Canada
Mike Pence, who served as Donald Trump’s vice president and is vying to helm the White House, is campaigning on eliminating the Fed’s employment mandate. And what would change if the employment mandate is done away with, if anything? Lawmakers on Capitol Hill, with the sitting president’s approval, can simply amend the Federal Reserve Act to eliminate the employment mandate or even add another one. In CNN’s town hall with Pence earlier this month, the former vice president again floated the idea of eliminating the employment mandate. It seems clear that Democrats would take issue with any attempts to rid the Fed of its employment mandate.
Persons: Mike Pence, Donald Trump’s, Jerome Powell’s, Jimmy Carter, Powell, , Peter Ireland, Laurence Meyer, ” Adriana Kugler, Joe Biden, , ” Meyer, Ben Bernanke, Pence, we’ve, ” Pence, Maxine Waters Organizations: DC CNN, Federal Reserve, Fed, CNN, Reserve, Boston College, Relief, Economic Security, Fed’s, of Governors, Committee, Lawmakers, Capitol, , Financial Locations: Washington, Ireland, CNN’s
What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.
Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, , ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, , hamilton
BERLIN, June 21 (Reuters) - Germany will promote specific projects in strategic industries after agreeing subsidies worth nearly 10 billion euros with Intel this week as the U.S. chipmaker said it would invest $33 billion in Germany, a minister said on Wednesday. "There will be no funding for everyone, but only for selected projects," said Economy Minister Robert Habeck of the Greens party which shares power with Scholz's Social Democrats and the FDP Free Democrats. "They will be everywhere in future," he said at an event in Berlin, adding that the Intel subsidies were therefore an investment in economic security. Other sectors being closely watched by the government included medicine, telecommunications, energy, logistics and transport, food and security services, he said. The economy ministry said earlier that the European Commission has yet to approve Berlin's subsidy plans for Intel.
Persons: chipmaker, Chancellor Olaf Scholz, Robert Habeck, Habeck, Christian Kraemer, Madeline Chambers, Kirsten Donovan Organizations: Intel, Greens, Scholz's Social Democrats, FDP Free Democrats, European Commission, Thomson Locations: BERLIN, Germany, Magdeburg, Berlin
BEIJING, June 21 (Reuters) - China's state planner this week signed letters of intent in Berlin on cooperation with European corporate heavyweights in areas ranging from aviation and chemicals to automobiles, as the world's second-largest economy seek to lobby for stronger ties with Europe. The Chinese state planner said it will work with the relevant companies to advance cooperation in areas including sustainable aviation fuel, low-carbon product production, and new-energy vehicles. Li, who was on his first overseas visit since becoming premier in March, had warned against any economic decoupling from Beijing. "Lack of cooperation is the biggest risk, and lack of development is the biggest insecurity," he said. Reporting by Ethan Wang and Ryan Woo in Beijing, Twinnie Siu in Hong Kong; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Premier Li Qiang, Li, Ethan Wang, Ryan Woo, Twinnie Siu, Jonathan Oatis Organizations: Airbus, BASF, Siemens, Benz, BMW, Volkswagen, China's National, Reform, Premier, European Union, Thomson Locations: BEIJING, Berlin, Europe, China, Germany, West, Beijing, Hong Kong
Christie cited DeSantis' battle with Disney as the GOP aiming "small," in the "Ruthless" podcast. Ron DeSantis this week over his bitter crusade against Walt Disney World as an example of the party wasting its time on "small" political issues. DeSantis also passed policies into law that coincide with the policies Christie cited, such as making school vouchers universally available in Florida. Republican presidential candidate Nikki Haley urged Walt Disney World to consider relocating from Florida to South Carolina. Later in the podcast, when asked to provide a one-word thought about DeSantis, Christie chose "interesting."
Persons: Christie, DeSantis, , Chris Christie dunked, Ron DeSantis, Disney, it's, Christie isn't, Walt, didn't, Nikki Haley, Corea, John Raoux, Patrick Semansky, Donald Trump, Trump, He's, Harris, Bud Light, influencer Dylan Mulvaney, we're Organizations: Disney, GOP, Service, Florida Gov, Walt Disney, Republicans, New, Trump, Republican, Walt Disney World, Sunshine State, UN, Disney World, Reuters, Harvard, Independents Locations: Florida, China, New Jersey, South Carolina
BRUSSELS, June 19 (Reuters) - The European Commission plans to propose measures this year to address security risks posed by outbound investments as well as reinforcing export controls on goods that have both civilian and military uses, with an eye on rivals such as China. The EU executive will need to tread carefully because granting of export licences and weighing security interests are national competences that EU governments will want to retain. The Commission plans to produce a further list with EU members of technologies critical to economic security. "EU member states are not ready to hand over export controls as a whole but we will probably see something more along the lines of greater cooperation," an EU diplomat said. EU diplomats say the bloc must determine carefully what risks it wants to limit and establish that they cannot be contained by existing measures.
Persons: Philip Blenkinsop, Emma Rumney Organizations: European Commission, Economic, Reuters, Commission, European Union, EU, Thomson Locations: BRUSSELS, China, European, Brussels, EU
BRUSSELS, June 19 (Reuters) - The European Commission will unveil on Tuesday possible measures, such as screening of outbound investments and export controls, to keep prized EU technology from countries such as China and prevent it being put to military use by rivals. The European Union executive will present its Economic Security Strategy as a "communication" to EU lawmakers and countries, whose leaders are set to discuss relations with China in Brussels next week. The Commission will need to tread carefully because granting of export licences and weighing security interests are national competences that EU governments will want to retain. EU officials point out there is no clear way to do this. The EU does control exports of specified "dual-use" goods that can have military applications, but this does not cover emerging technologies.
Persons: Philip Blenkinsop, Emma Rumney Organizations: European, European Union, EU, Thomson Locations: BRUSSELS, China, Brussels, EU
Japan increases support for domestic EV battery output
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +3 min
The move shows Tokyo is confident about ramping up battery production support after the United States and Japan struck a deal on electric vehicle (EV) battery minerals in March that is key to giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The government will support Toyota for up to 117.8 billion yen ($841 million) in subsidies for its investment in EV battery production, Nishimura said, adding he hoped it would strengthen Japan's storage battery supply chain. Japan has designated batteries for energy storage, including car batteries, as important under an economic security law. It had announced 184.6 billion yen in support for storage battery-related proposals at that time. Friday's announcement of 127.6 billion yen in subsidies brought the total so far to 312.2 billion yen.
Persons: Aly, Industry Yasutoshi Nishimura, Nishimura, METI, Japan's, David Dolan, Daniel Leussink, Hugh Lawson, Sonali Paul, David Evans Organizations: Auto Shanghai, REUTERS, Toyota, EV, Economy, Trade, Industry, Union, Toyota Industries, Honda, Thomson Locations: Shanghai, China, TOKYO, Japan, Tokyo, United States, U.S
To help address that, Tokyo in April said it would offer like-minded countries military aid, including radars, that the officials said would help the Philippines plug defensive gaps. One, however, said the aid effort was a Japanese initiative and not anything the United States had pressed for. The Philippines Department of Foreign Affairs said it was not immediately able to comment on security aid from Japan or hosting Japanese troops. LOOSENING THE RULESThe scope of Japanese military aid is limited by a self-imposed ban on lethal equipment exports. But he said Japan and the United States are treading carefully in trilateral talks with the Philippines.
Persons: Read, Fumio, Katsutoshi Kawano, Joe Biden's, Jake Sullivan, Takeo Akiba, Eduardo Ano, Fumio Kishida, Volodymyr Zelenskiy, Kishida, Kawano, Ferdinand Marcos Jr, Marcos, Yusuke Ishihara, Tim Kelly, Sakura Murakami, Yukiko Toyoda, Neil Jerome Morales, Gerry Doyle Organizations: U.S, Marines, Warriors, Philippine Marine Corps, Japanese, Reuters, Washington, Japan's Ministry of Foreign Affairs, The Philippines Department of Foreign Affairs, Ukraine, Group, Seven, Self - Defence Forces, Staff, Japan's National Institute for Defense Studies, Thomson Locations: Philippine, Japan, South Korea, , Taguig City, Metro Manila, Philippines, TOKYO, Indonesia, Taiwan, Ukraine, East Asia, Tokyo, Pacific, China, Japanese, United States, Kyiv, Manila, Yonaguni, Britain, Australia
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