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The judge ruled they were bought in the looting of billions of dollars from the Malaysian fund. The ring is valued at about US$1.17 million and the earrings are worth about US$628,000, the United States says.
Modi’s government approved US$15.2 billion worth of investments in domestic semiconductor fabrication plants in February, including a proposal by local conglomerate Tata Group to build the country’s first ever major chip-making facility. It will be set up in Modi’s home state of Gujarat and is set to churn out 50,000 wafers per month by the end of 2026.
TOKYO -- Vice foreign ministers from Japan and China held a strategic dialogue Monday for the first time in four and a half years, as the countries focus on shared interests amid a host of diplomatic challenges.
Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts feared, but still represented a decline from the previous year.
TAIPEI -- Top Taiwanese tech stocks dipped on Monday after U.S. President Joe Biden announced he was withdrawing from the presidential race, the latest political development to shake Asia's chip technology economy.
India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor’s executive vice-president Kenichi Ayukawa said.
Renowned Bangladeshi economist and Nobel Prize laureate Professor Muhammad Yunus is at the centre of a new embezzlement trial because of a political “vendetta” against him by the government, observers say, echoing an open letter by world leaders last year condemning the alleged persecution.
“While there is a case [to raise import duties], we will have to tread carefully,” Dhar said. “Any talk of increasing duty will be like jarring notes,” he added, noting that FTAs also signify strategic partnerships that extend beyond just economic ties.