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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.