Spain's Sanchez Visits China to Deepen Trade Ties Amid U.S. Tensions 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Islamabad at a Standstill as U.S.-Iran Peace Talks Take Center Stage 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks 
U.S. Futures Plunge as Iran Ceasefire Talks Collapse and Hormuz Blockade Looms 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Iran War Fallout: How Sri Lanka, Pakistan, and Egypt Are Struggling With Rising Energy Costs 
South Korea and Poland Forge Comprehensive Strategic Partnership Centered on Defence 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook 
U.S., Australia, and Philippines Conduct Joint South China Sea Military Drills Amid Rising Tensions With China 
Manhattan DA Investigates Sexual Assault Allegations Against Rep. Eric Swalwell 
Asia FX Slides as Dollar Surges Amid U.S.-Iran Tensions and Inflation Fears 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
US President Joe Biden will sign an executive order addressing a global semiconductor chip shortage that has forced US automakers and other manufacturers to cut production.
Biden will also discuss the chip shortage issue when he meets a bipartisan group of US lawmakers.
Administration officials said Biden’s executive order will launch a 100-day supply chain review of semiconductor chips, large-capacity batteries for electric vehicles, pharmaceuticals, and rare earth minerals.
The chip shortage has forced automakers to take employees off production lines.
US chip companies, which supported legislation to provide tens of billions of dollars for chip manufacturing and research, recently urged Biden to provide substantial funding for incentives for semiconductor manufacturing.
According to Ford Motor Co, the lack of chips could reduce its production by up to 20 percent in the first quarter. Meanwhile, General Motors was forced to cut output in the US, Canada, and Mexico and would reassess its production plans in mid-March.
While US semiconductor firms account for 47 percent of global chip sales, they only produce 12 percent because of outsourcing manufacturing overseas.
