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France announces massive state aid to chips factory
France announces massive state aid to chips factory
by  AFP

France is ploughing 2.9 billion euros ($3.1 billion) of public money into a factory to make microchips, officials said on Monday, heating up a global race for the lucrative market. The funding would go towards a 7.5-billion-euro project announced last year to be run by European multinational STMicroelectronics and US company GlobalFoundries.

Air travel to soar near record in 2023: industry group
Air travel to soar near record in 2023: industry group
by  AFP

Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday. The pandemic devastated the airline industry, which lost $137 billion when countries imposed lockdowns and closed borders in 2020.

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