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Daily Digest 8/25 — U.S. Approves Licenses for Huawei to Buy Auto Chips; Key Terminal at China Mega-Port Reopens…

August 26, 2021
Source: peakprosperity.com peakprosperity.com
News Snapshot:
Economy U.S. approves licenses for Huawei to buy auto chips – sources – Reuters U.S. officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said. Key Terminal At China Mega-Port Reopens After Virus Shutdown – ZeroHedge The Meishan Terminal in Ningbo, China, has officially reopened following a two-week shutdown due to a COVID infection, according to Bloomberg . The shutdown snarled regional ports and major shipping routes between Asia and US West Coast. On Tuesday, shipping data...
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