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Biden targets China as he touts manufacturing revival at home
Biden targets China as he touts manufacturing revival at home
Business and Economy
by  AFP

President Joe Biden on Wednesday moved to restrict US investment in Chinese technology during a multi-state tour of the Southwest to tout his push to revive American manufacturing after decades of decline. In total, more than half a trillion dollars of investment has flowed into manufacturing and clean energy since the start of the Biden administration in January 2021, Biden said Wednesday.

Disney+ service sees subscriber numbers shrink
Disney+ service sees subscriber numbers shrink
Business and Economy
by  AFP

Disney on Wednesday reported that its Disney+ streaming television service lost more than 10 million subscribers in the recently ended quarter, in large part due to the Indian market. Disney+ finished the quarter with 146.1 million subscribers, compared with just shy of 158 million in the first three months of this year, the group said.

Uganda leader accuses World Bank of coercion after loan freeze
Uganda leader accuses World Bank of coercion after loan freeze
Business and Economy
by  AFP

Uganda's President Yoweri Museveni on Wednesday accused the World Bank of using money to try to "coerce" the government over its controversial anti-gay legislation. "It is therefore unfortunate that the World Bank and other actors dare to want to coerce us into abandoning our faith, culture, principles and sovereignty, using money," the veteran leader said.