ASML, one of the world’s most important semiconductor toolmakers, told U.S. employees to servicing Chinese customers in response to Washington’s export curbs. Story Published at: October 13, 2022 at 12:31PM
Globally critical chip firm tells U.S. staff to stop servicing China customers after Biden export curbs
El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far
The use of bitcoin in El Salvador appears to be low, as the currency has lost about 60% of its value since the experiment started.Story Published at: October 13, 2022 at 12:00PM
It wouldn’t be a surprise if the ECB hikes rates above 3%, says Belgium’s central bank chief
“I think we are going to have to go real positive somewhere,” Belgium’s Pierre Wunsch told CNBC.Story Published at: October 13, 2022 at 10:26AM
Strikes, possible blackouts and a plunging currency: Brits are being hit by a wave of bad news
The U.K. has been beset by a wave of economic and political crises in recent months.Story Published at: October 13, 2022 at 06:20AM
Asian economies may have to brace for rising debt and capital flight, IMF warns
Asia’s biggest economic problems next year will stem from rising interest rates. These will put increasing pressure on debt servicing in Asia and heighten capital flight from the regionStory Published at: October 13, 2022 at 06:22AM
The yen may be weak, but Japan’s tourism isn’t expected to get a ‘bona fide’ rebound without Chinese visitors
After more than two years of strict Covid border controls, Japan reinstated visa-free travel to 68 countries on Tuesday. Story Published at: October 13, 2022 at 02:21AM
Crypto prices are higher ahead of key inflation data, bitcoin holds at $19,000
Investors in the virtual currency space shrugged off a higher-than-expected inflation report in anticipation of Thursday’s CPI read.Story Published at: October 12, 2022 at 07:05PM
Polestar unveils a new $84,000 electric SUV it’s hoping will help cement its foothold in the U.S.
The new Polestar 3 is a five-passenger electric performance SUV that will be built in both the U.S. and China. Deliveries start next fall. Story Published at: October 12, 2022 at 06:00PM
Google is selling its first Pixel Watch with Fitbit technology, but it’s too little, too late
Google’s first Pixel Watch with Fitbit has a beautiful, inconspicuous design, but lacks any groundbreaking features to justify the $350 price tag. Story Published at: October 12, 2022 at 06:00PM
Wholesale prices rose 0.4% in September, more than expected as inflation persists
The producer price index was expected to rise 0.2% in September, according to Dow Jones estimates.Story Published at: October 12, 2022 at 01:57PM