World

The Dutch government recently announced the expansion of export restrictions on advanced semiconductor manufacturing equipment, with more of ASML’s machines falling under these curbs. This decision was made in the interest of national security, recognizing the increased security risks associated with the export of such manufacturing equipment. Reinette Klever, the minister of foreign trade and
The Asia-Pacific markets were mixed on Monday as investors digested the latest China business activity numbers released over the weekend. China’s official purchasing managers’ index data for August showed a mixed bag, with the manufacturing PMI falling to a six-month low of 49.1, indicating a faster contraction compared to July. This figure missed the median
Japan recently lodged a protest with China following another incursion into its territorial waters by a Chinese naval survey vessel. This incident marked the second time in less than a week that the Chinese military had entered Japanese waters. The increase in Chinese military activity near Japan and around Taiwan has heightened concerns in Tokyo.
Alibaba has recently completed a three-year regulatory “rectification” process after facing an antitrust fine in 2021 due to monopolistic practices. This process was overseen by China’s State Administration for Market Regulation (SAMR), which stated that Alibaba has made good progress in becoming compliant with antitrust regulations. Following the announcement of Alibaba’s completion of the regulatory
Intel CEO Pat Gelsinger recently admitted that the company has faced significant challenges in light of poor financial performance and investor concerns. Following a disastrous quarterly earnings report, Intel’s stock price plummeted 26%, marking the worst day on Wall Street for the company in over 50 years. The stock is currently down 59% for the