AFP

The United States announced new export restrictions Monday targeting China’s ability to make advanced semiconductors, drawing swift condemnation from Beijing as competition deepens between the world’s two biggest economies.The move expands Washington’s efforts to curb exports of state-of-the-art chips to China, which can be used in advanced weapons systems and in artificial intelligence.The announcement comes weeks …

US unveils fresh export curbs targeting China’s chip sector Read More »

Paris stocks wavered and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone’s second-biggest economy.Positive data from China helped boost equity markets elsewhere, with Germany’s DAX index hitting a record above 19,700 points. Oil prices jumped more than one percent on hopes of higher Chinese demand.The euro sat near 14-month …

Paris stocks waver, euro falls on France budget standoff Read More »

Paris stocks and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone’s second-biggest economy.Positive data from China helped boost equity markets elsewhere, with Germany’s DAX index hitting a record above 19,700 points. Oil prices jumped on hopes of higher Chinese demand.That followed a strong lead from Asian markets and the …

Paris stocks, euro fall on France budget standoff Read More »

Markets rose across Asia on Monday with traders cheered by healthy Chinese data, while the euro and Paris stocks tumbled as a budget standoff in France fuelled concerns about the eurozone’s second-biggest economy.Traders began the month on the front foot after a rollercoaster ride since Donald Trump’s re-election and warning that he will hit China, …

Asian stocks rise after China data, Paris equities and euro sink Read More »

Equities rose across Asia on Monday following another record day on Wall Street, with traders also cheered by data suggesting China’s economic malaise is showing signs of easing.The positive start to the week was not felt in the euro, however, as a budget standoff in France fuelled concerns about the fragile government of the eurozone’s …

Asian markets rise as China data provides hope but euro struggles Read More »

Blazing flames light the sky as Indian farmer Ali Sher burns his fields to clear them for new crops, a common but illegal practice that is fuelling deadly pollution killing millions.Burning strips the fertility of fields, has a ruinous impact on India’s economy and sends plumes of acrid smoke packed with dangerous cancer-causing particles drifting …

The farm fires helping to fuel India’s deadly air Read More »

Indian billionaire Gautam Adani on Saturday said “attacks” on his company made it “stronger”, days after US prosecutors accused him and other officials of fraud.The November 20 bombshell indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a multi-million-dollar bribery scheme. Addressing the allegations for the first …

Defiant Adani says committed to compliance after US indictment Read More »