The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China’s chipmaking industry…
The investment would grow the number of electric delivery vans the company has in Europe from roughly 3,000 to 10,000 by 2025, the Seattle-based retail giant said in an announcement on its website. Amazon said Monday it will invest 1 billion euros ($972.1 million) to add thousands of more eclectic vans, long-haul trucks and cargo…
Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the company ramped up efforts to make its case ahead of a hearing next week. This month, 12 senators led by Democrat Mark Warner and Republican John Thune…
New York CNN — With just a few days to go until the Federal Reserve’s next interest rate decision, US policymakers are sitting between a rock and a hard place. The recent banking sector meltdown, triggered partially by Silicon Valley Bank crumbling under the weight of higher interest rates, has led some economists and analysts to call for…
US President Joe Biden repeats concerns about US democracy, as defeated predecessor Donald Trump hints at another run for presidency. Coast to coast, candidates and big-name backers have made their final appeals to voters in the last hours of campaigning for the midterm elections in the United States, with Republicans excited about the prospect of winning…
Tech giant is seeking to redirect supply chains to India and Vietnam amid fears of overdependence on China. Taipei, Taiwan – Scenes of mayhem erupted at Apple supplier Foxconn’s mega factory in China’s Zhengzhou last month as workers, angered by COVID-19 quarantine and unpaid wages, scuffled with security personnel. The unprecedented protests at “iPhone City” have…
SINGAPORE, March 10 (Reuters) – Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress. European and U.S. equity markets looked set to echo those losses when…
Spotify Technology SA (SPOT.N) said on Wednesday it would roll out new features like smart shuffle and previews of podcasts and music playlists on its audio streaming platform, as it crossed 500 million in monthly active listeners. The Swedish company, which has invested heavily in building up its podcast and audiobooks business in recent years…
Turkish president announces the date for the country’s presidential and parliamentary polls. Turkey’s president has announced May 14 as the date for the country’s next parliamentary and presidential elections. President Recep Tayyip Erdogan, who plans to seek re-election, made the announcement during a Saturday youth conference in the northwestern Bursa province. A video of the…
FRANKFURT, April 27 (Reuters) – Deutsche Bank (DBKGn.DE) is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland….