SA business executives need to keep abreast of developments in the ever more complex global geopolitical game being played out. There is elevated political risk in China-US competition and the West’s proxy war with Russia in Ukraine. There is elevated sanctions risk through prohibitions on doing business with Russian entities. And new opportunities are emerging as, for better or worse, SA has hitched its wagon to the Brics bloc, with other developing countries lining up to join the club.
Headline news now is that the US commerce department has made $53bn available to establish a semiconductor industry on the US mainland. Commerce secretary Gina Raimondo did not mince her words, saying this was to ensure the industry can supply the US military’s modern weapons systems. Companies that receive these funds are barred from expanding their semiconductor manufacturing capacity to “foreign countries of concern”, that is, China...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vladimir Putin gave Steven Seagal a friendship award and praised his 'humanitarian' work | Business InsiderSeagal has been a longtime ally of Putin, and in 2014 said Russia's annexation of Crimea was 'very reasonable.'
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Business Maverick: Asia stocks track US gains, Aussie outperforms: markets wrapStocks in Asia rose, tracking similar gains in the US as investors continued to weigh the potential for a soft landing given expectations for higher interest rates.
Source: dailymaverick - 🏆 3. / 84 Read more »
Elon Musk is once again the richest person in the world | Business InsiderElon Musk is back atop the list of wealthiest billionaires, Bloomberg reports, trailed by luxury mogul Bernard Arnault and Amazon founder Jeff Bezos. | BISouthAfrica BISouthAfrica Remember Vladimir Putting🇷🇺...was once listed as the all time richest person...he instructed the media to remove that nonsense about him...so Elon is not the richest.
Source: News24 - 🏆 4. / 80 Read more »
Parts of Gauteng without internet after major fibre network outage | BusinessSeveral areas in Gauteng were left without internet on Tuesday morning, after a major fibre outage. | News24_Business _Business Internet delivered by Eskom_SA? _Business Not the internet as well!! _Business First electricity then water now internet 🤬🤬
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Glencore must pay almost $30m to bribery victim Crusader HealthGlencore Plc was told to pay almost $30-million in restitution to the founders of a company that provided healthcare-related services in the Democratic Republic of the Congo and was forced to shut down as a result of the commodities giant’s global bribery scheme. But in South Africa they are scott free Glencore is corrupt and suck SA dry It seems as if its only in South Africa where they operated above board. Thanx to their former Chair🤣🤣🤣
Source: dailymaverick - 🏆 3. / 84 Read more »