Semiconductor chips on the circuit board of a computer, on Feb. 25, 2022.FLORENCE LO/Reuters The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on Friday, Bloomberg reported, citing people familiar with the matter. …
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The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the …
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Austria lockdown weakens travel stocks, FTSE 100 lower More strong sales figures from B&Q failed to stop shares in owner Kingfisher sliding today amid City fears that weary DIYers are planning a home improvement breather. The group, which also owns Screwfix, believes “enduring” industry trends created by the pandemic, such …
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E vergrande’s future was back in focus today after it emerged that China’s debt-laden property firm had failed to complete a key $2.6 billion asset sale. Its shares plunged more than 10% at one point following their resumption of trading, with Asian markets also back under pressure on fears of …
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Vladimir Putin today showed off Russia’s military strength to the world as massive ‘invasion’ war games were staged in the Black Sea near the Ukraine and dozens more Kremlin warships joined Chinese gunboats off Japan. More than 40 Russian vessels and 30-plus military planes and 20 helicopters took part in …
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European stocks rose on Wednesday after one of the worst market routs this year as AstraZeneca lifted healthcare stocks on a deal to buy a rare disease drugmaker, while chip equipment producer ASM gained on an upbeat earnings forecast. British drugmaker AstraZeneca jumped 4.2% after saying it will take …
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China accuses Britain of ‘harbouring evil intentions’ and claims its military ‘followed and warned’ a Royal Navy frigate during rare voyage through sensitive Taiwan Strait Beijing claims it ‘followed and warned’ HMS Richmond as it sailed through Strait While US warships often make the voyage, its allies have been more …
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An executive known as ‘Mr Fix-it’ with previous experience running casinos has joined beleaguered Crown Resorts as it faces a second royal commission. Crown Resorts has aptly appointed an executive known as “Mr Fix-it” to its board as another member of the old guard departs and the embattled casino operator …
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The world has never been more indebted after a year of battling Covid-19. And there’s even more borrowing ahead. Governments, companies and households raised $24 trillion last year to offset the pandemic’s economic toll, bringing the global debt total to an all-time high of $281 trillion by the end of …
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A top aide to Boris Johnson is today caught up in a conflict of interest row over claims he helped broker a deal for China’s new embassy on behalf of the Government while being paid by two of the companies involved. Lord Udny-Lister helped the Foreign Office lead talks with …
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