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Similar threats are looming over pharmaceuticals, lumber and semiconductors.
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The Michigan plant has been controversial because of Ford's agreement to license technology from Chinese battery giant Contemporary Amperex Technology Co. Ltd. at the new facility.
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Indian banks experienced muted credit growth in the June quarter, with private lenders significantly lagging behind the previous year's pace. This slowdown is attributed to corporates increasingly turning to capital markets for funding, leading to a surge in resource mobilization. While PSU banks performed better due to aggressive loan pricing, overall loan growth remained weak across the banking sector.
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