Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
A group of US legislators introduced a bill to inject $60 billion into the Restaurant Revitalization Fund (RRF), to accommodate over 200,000 applicants unable to receive relief during the first funding round.
The legislators involved were Senators Krysten Sinema and Roger Wicker and Representatives Earl Blumenauer and Brian Fitzpatrick.
It was expected that $28.6 billion funding available through the first round of the RRF would be distributed among about 100,000 restaurants and foodservice businesses.
More than 372,000 businesses applied for assistance during the first three weeks of the program but satisfying all of the requests required an additional $50 billion.
The original funding bill prioritized independent businesses owned by women, veterans, and BIPOC.
The US Small Business Administration has suggested that restaurants that applied for the first round of the RRF but were unable to receive financial help would be automatically for the second round.
The additional $60 billion funding not only answers queries from small business restaurant owners with pending applications but also proves that Congress understands and supports the foodservice industry, according to Sean Kennedy, executive vice-president of public affairs for the National Restaurant Association.
The US restaurant industry added 189,000 jobs nationwide last month, but employment is still down by 12 percent from pre-pandemic levels.
