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Economy

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COLUMBUS, Ohio (AP) — Chip maker Intel said it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company's commitment to manufacturing crucial technology products in the U.S.

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BEIJING (AP) — China on Friday criticized Washington for imposing sanctions on Chinese companies the U.S. says exported missile technology, and accused the United States of hypocrisy for selling nuclear-capable cruise missiles.

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WASHINGTON (AP) — The Federal Reserve on Thursday released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers.

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NEW YORK (AP) — New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

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WASHINGTON (AP) — President Joe Biden ends his first year in the White House with a clear majority of Americans for the first time disapproving of his handling of the presidency in the face of an unrelenting pandemic and roaring inflation, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.

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SEOUL, South Korea (AP) — Accusing the United States of hostility and threats, North Korea on Thursday said it will consider restarting “all temporally-suspended activities” it had paused during its diplomacy with the Trump administration, in an apparent threat to resume testing of nuclear explosives and long-range missiles.

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COLUMBIA, S.C. (AP) — Gov. Henry McMaster said Wednesday that a booming economy and billions of dollars of extra revenue and federal COVID-19 relief money gives the state a once-in-a-lifetime chance to take bold steps to transform South Carolina.

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