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The United States exercises full press on China’s chip sector

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The US has significantly increased its chip sector restrictions on China. This would severely limit China’s ambitions to develop its own high-end semiconductor industry — while hurting US companies that sell chips or semiconductor equipment to the country.

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Biden administration on Friday It has imposed some of its widest restrictions to date on semiconductor sector exports to China. Rather than just targeting specific companies like Huawei, the new restrictions will require US companies to obtain licenses to export some chips used in artificial intelligence and supercomputing, as well as equipment used to make advanced semiconductors.

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What to know about RMDs and retirement planning

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What to know about RMDs and retirement planning

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We have gone so far as to use consulting firms by Reuters

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© Reuters. French Minister of Economy, Finance, Industry and Digital Security Bruno Le Maire leaves after the weekly cabinet meeting at the Elysee Palace in Paris, France, October 26, 2022. REUTERS/Sarah Messonnier

French Finance Minister Bruno Le Maire said on Sunday that the French government had used advisory firms excessively in the past and was now striving to rectify that.

Emmanuel Macron’s government has come under pressure in recent months for its over-reliance on advisory groups.

Financial prosecutors said earlier this week they were investigating his campaign as part of a broader investigation into the consulting firm McKinsey and its ties to the president.

“We have gone too far,” Le Maire told France. “For years, this government and previous governments relied too much on consulting firms. They went awry. This was corrected by the prime minister’s instruction to cut all ministries by 15% in the use of consulting firms.” 3 tv.

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He added that between the first half of 2021 and the first half of 2022, the Ministry of Finance managed, for example, to reduce the use of consulting firms by 34%.

Le Maire did not comment on the news that France’s national financial prosecutor’s office has expanded the scope of an existing investigation into alleged tax fraud by McKinsey Consulting Group to include advisory groups’ role in the 2017 and 2022 election races.

Macron said on Friday that judges had examined and cleared his 2017 campaign funds, in his first public comments on the investigation.

In particular, a report by the French Senate in March 2022 indicated that the government was “dependent” on consulting firms such as McKinsey.

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The Audit Standards Supervisor also supports startups

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A commercial accounting body has invested in audit-related technology startups Setting review standards and overseeing millions of audits – raising concerns within the industry Potential conflict of interest.

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The American Institute of Certified Public Accountants says the “Shark Tank-Style Startup Accelerator,” illustrated on its website by a skateboarder in a suit, is designed to promote innovation.

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