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President Biden's administration found that China uses unfair practices to dominate global shipbuilding, aided by heavy subsidies and labor suppression. The USTR's investigation, starting April 2024, may lead to U.S. tariffs or fees on Chinese vessels. Rebuilding U.S. maritime industry will require substantial investment and time.
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The policy being rolled out in the firm's North American cafes comes as it tries to boost flagging sales.
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BSE Ltd shares rose 4.9% after Jefferies upgraded its rating to 'hold' and increased the target price to Rs 5,250. The upgrade reflects optimism about earnings potential despite challenges from Sebi's new F&O rules. Analysts expect brokers to implement price hikes, stabilizing volumes. Goldman Sachs also initiated coverage with a 'neutral' stance and target price of Rs 5,060.
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