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US retail sales up more than expected in March
US retail sales up more than expected in March
Business and Economy
by  AFP

Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand. While resilience in consumer spending has helped US economic growth in the last year, analysts expect demand to cool this year amid cost fatigue and high interest rates.

US to grant Samsung up to $6.4 bn for chip plants
US to grant Samsung up to $6.4 bn for chip plants
Business and Economy
by  AFP

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas. Under the latest agreement, Samsung will not only build a new facility to produce advanced chips, but also expand its existing facility in Texas, according to the Department of Commerce.