April 15, 2021

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U.S. needs to invest in semiconductor ‘infrastructure,’ Biden tells business leaders facing crippling shortages

The U.S. needs to address an ongoing shortage of semiconductors by investing in its chip “infrastructure,” President Joe Biden said during a virtual summit meeting with auto executives and other business leaders Monday afternoon.

“These chips, these wafers … batteries, broadband — it’s all infrastructure. We need to build the infrastructure of today and not repair the one of yesterday,” Biden said. “The plan I propose will protect our supply chain and revitalize American manufacturing.”

The event was called to address an immediate crisis that has impacted key industries, including consumer electronics, pharmaceuticals and auto manufacturing. Few sectors have been

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Biden tells Georgia to ‘smarten up’ to avoid losing business over new election law

President Biden said that Georgia needs to “smarten up” to avoid businesses leaving the state over its new voting legislation. 

“It is reassuring to see that for-profit operations and businesses are speaking up about how these new Jim Crow laws that are just antithetical to who we are,” the president told reporters Tuesday. 

“There’s another side to it too. When they in fact move out of Georgia, people who need help most, people who are making hourly wages, sometimes get hurt the most,” Biden said. 

He said he supports however businesses decide to protest the law. “I think it’s a

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Don’t ignore “lockdown fatigue”, UK watchdog tells finance bosses

LONDON (Reuters) – Staff at financial firms in Britain are suffering from “lockdown fatigue” and their bosses are not always making sure all employees can speak up freely about their problems, the Financial Conduct Authority said on Monday.

FILE PHOTO: An empty table and chairs are seen in an office building in Canary Wharf, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 27, 2020. REUTERS/Dylan Martinez/File Photo

Many staff at financial companies have been working from home since Britain went into its first lockdown in March last year to fight the COVID-19 pandemic.

One year on, the

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U.S. tells G7 that it is back at the table to help with global recovery

WASHINGTON/LONDON (Reuters) – U.S. President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.

U.S. Treasury Secretary Janet Yellen told her peers from the Group of Seven rich democracies that Washington was committed to multilateralism and “places a high priority on deepening our international engagement and strengthening our alliances.”

Yellen spoke to the G7 in a virtual video meeting, chaired by Britain, at which she called for continued

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