Norway has become the latest country to join the Pax Silica initiative.
The Pax Silica Initiative is a U.S.-led international coalition launched in December to secure supply chains for semiconductors, AI infrastructure, and critical minerals. It aims to reduce reliance on coerced, concentrated supply chains — particularly regarding China — by fostering a "trusted" ecosystem for advanced technology, manufacturing, and energy.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.