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The Philadelphia chip index and the S&P tech sector also dropped more than 5% each.

The Santa Clara Valley of northern California, better known as Silicon Valley, was known as the prune-growing capital of America as late as the 1950s, but it has dominated the business of electronic and software development for the last 60 years.

The Secretary of Trade and Industry Ramon Lopez said that despite travel restrictions and work disruption, daily business activities would continue in the capital.

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The Seattle Times reports that San Francisco-based developer?Stanford Hotels?filed early paperwork to build a 15-to-16 story hotel right smack dab in the heart of Amazon’s South Lake Union campus. The hotel would demolish and replace the Bio-Rad Systems’ lab building at 300 Terry Ave N.

The Political Bureau of the 19th Communist Party of China Central Committee held a meeting on Dec 6, detailing the economic work to be carried out this year. The top decision-making body of the Communist Party of China offered solutions to problems in the area of infrastructure investment, touching upon several related aspects.

The ROK and the DPRK held the first high-level talks early last week in about two years, agreeing that the DPRK will send its delegation to the Winter Olympics.

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The People's Bank of China did not conduct any operation of reverse repos, a liquidity-injecting process in which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future.

The Russian news agency piece also analyzed the main reason of China's big trade surplus with the United States. "One of the biggest reasons behind the massive US trade deficit with China is the shift of global manufacturing to Asia where labor costs are much cheaper."

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The ROK special emissaries had a meeting with the DPRK leader three hours after arriving in the Sunan International Airport in Pyongyang.

The Piraeus Port project has also indirectly provided more than 10,000 job opportunities at a time when debt-laden Greece has a high unemployment rate, Zhang said, adding that it has also injected impetus into the sluggish economy and helped it emerge from a financial crisis.