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In New York, Yoon will hold a summit with US President Joe Biden where both leaders are expected to discuss North Korea's growing weapons threats, and mounting concerns in South Korea over the Inflation Reduction Act (IRA), signed by Biden last month.

“China, Japan, South Korea, the European Union -- all these places are investing tens of billions of dollars to attract chip manufacturers to their countries. But industry leaders are choosing us, the United States, because they see America is back and America is leading the way,” Biden said at the Intel Groundbreaking Site in New Albany, Ohio on Friday.

While Biden has been taking credit for the recent boom in electric vehicle battery and assembly plant announcements, most were in the works long before the Inflation Reduction Act was signed into law on Aug. 16. Biden's 2021 infrastructure legislation could have something to do with it - it provides $5 billion over five years to help states create a network of EV charging stations.

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According to a complaint filed by Vivek Gupta, the Chief Financial Officer of JBM Group, Sector 44, it was on Friday that he received messages on WhatsApp requesting to transfer certain sums to bank accounts indicated in the messages.

With this, for the first time-ever all the three German luxury car companies, BMW, Mercedes-Benz and Audi, will have Indian executives holding the top position. Santosh Iyer will be the MD of Mercedes-Benz, Vikram Pawah is the CEO & President and CEO of BMW India, and Balbir Singh Dhillon is the head of Audi India.

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