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The US Federal Reserve on Wednesday held interest rates steady and offered a downbeat view of the immediate future as the economy continues to be weighed down by the novel coronavirus pandemic.

The US government put Huawei on its Entity List in May 2019 and said US firms were required to obtain a license before exporting domestically produced chips and software to the company. In May of this year, Washington expanded these rules by requiring contract chip producers anywhere in the world that use US semiconductor equipment and technology to obtain its approval before producing chips designed by Huawei's subsidiary HiSilicon.

The UAE plays a leading role in the Saudi-led coalition battling the Iran-aligned Houthi group to restore the internationally recognised government in the nearly four-year war that has pushed Yemen to the brink of famine.

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The United Auto Workers union has cited several coronavirus-related deaths among its members.

The United States has already recorded more than 13.37 million cases in total, with over 266,800 related deaths as of Sunday night, according to the real-time data published by the university.

The US pork industry took a hit after Mexico last month slapped American pig products with a 20 percent tax. China imposed a 25 percent tariff on American pork in April. Washington imposed 25 percent duties on billion of Chinese goods on July 6. Beijing responded by imposing similar charges on the same amount of US products, including pork.

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The United States dominates the list, with 20 of the companies. Google Inc's parent company Alphabet Inc, together with Facebook, took the first two positions.

The US Department of Justice recently began an investigation of monopolistic practices by the tech companies, following similar European Union and Australian investigations. Since antitrust enforcement would reduce the monopolistic profits that have been driving the share prices of the tech companies, the recent falls may also reflect these investigations.

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The US Senate Committee on Foreign Relations passed on Wednesday the Taiwan Travel Act, which aims to "encourage visits between the United States and Taiwan at all levels".

The US stock market’s rebound was sidetracked on Tuesday over concerns about economic growth, company earnings, trade talks with China and a drop in existing-home sales.