Trump administration abruptly postpones New Mexico oil and gas auction

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FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. REUTERS/Nick Oxford/File Photo

(Reuters) – The Trump administration abruptly postponed an auction of oil and gas leases in New Mexico that had been scheduled to begin on Wednesday morning without providing a reason for the move.

Bureau of Land Management (BLM) spokeswoman Allison Sandoval confirmed the delay, which was first announced on a government website. She said the agency “will provide further information at a future date.”

The parcels that were scheduled for sale are in

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Senate Democrats call for Trump administration to unveil details of TSMC plant deal

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FILE PHOTO – A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. Picture taken August 31, 2018. REUTERS/Tyrone Siu

WASHINGTON (Reuters) – Democratic lawmakers on Tuesday urged the Trump administration to answer “serious questions” about Taiwan Semiconductor Manufacturing Co Ltd’s plans to build a U.S.-based $12 billion plant, flagging national security concerns and potentially undisclosed subsidies.

TSMC, the world’s biggest contract chipmaker and supplier to U.S. tech giants such as Apple Inc, announced the project last week, in a move trumpeted by Commerce Secretary Wilbur Ross as signaling a “renaissance

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Trump administration pushing to rip global supply chains from China: officials

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WASHINGTON (Reuters) – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning.

President Donald Trump, who has stepped up recent attacks on China ahead of the Nov. 3 U.S. presidential election, has long pledged to bring manufacturing back from overseas.

Now, economic destruction and the massive U.S. coronavirus death toll are driving a government-wide push to move U.S. production and supply chain dependency away from China, even if it goes to other

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Virgin Australia enters voluntary administration with aim to recapitalise

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SYDNEY (Reuters) – Virgin Australia Holdings Ltd (VAH.AX) said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load.

FILE PHOTO: A Virgin Australia plane at Kingsford Smith International Airport the morning after Australia implemented an entry ban on non-citizens and non-residents to curb the spread of the coronavirus, in Sydney, Australia, March 21, 2020. REUTERS/Loren Elliott

Deloitte has been appointed as the administrator, the airline said in a statement, adding it had been unable to secure a A$1.4

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