Netherlands, home to a critical chip firm, follows U.S. with export curbs on semiconductor tools
The Netherlands on Friday announced new export restrictions on advanced semiconductor equipment amid U.S. pressure to cut China off from key chipmaking tools.
Euro zone inflation slides more than expected in June, but core rate ticks higher
Euro zone inflation came in at 5.5% in June, according to preliminary data, lower than analyst expectations.
Chinese e-commerce giant Alibaba expands number of physical grocery stores ahead of the unit’s IPO
Groceries have become a battleground for China’s two biggest e-commerce firms: Alibaba and JD.com.
International Monetary Fund agrees on crucial $3 billion bailout to Pakistan
With high inflation and foreign exchange reserves, Pakistan’s economic crisis could have gone into debt in without an IMF deal.
European stocks post gains of 8.8% for the first half despite rate rises and banking crisis
European stock markets closed higher on Friday and notched strong first-half gains that came despite interest rate hikes and bank failures.
China’s Shein denies U.S. IPO rumors
Chinese fast fashion giant Shein denies a Reuters report that said it has filed for an initial public offering in the U.S.
Job interviews are getting longer — here’s why it could be a red flag
“It may cause the candidate to think about how this reflects on the company’s priorities … communication, and the value it places on people,” said one job seeker.
Google to block news in Canada over law on paying publishers
Google will remove links to Canadian news from search results and other products in Canada when the law takes effect in about six months.
China’s factory activity shrinks for a third month as recovery momentum stalls
China’s June manufacturing PMI came in line with market expectations for 49.0, while non-manufacturing PMI was its weakest this year.
Oil and gas will continue to power the world for decades to come, big oil firms say
Oil and gas will remain leading sources of energy for decades to come on the back of a lagging energy transition, said key industry players at Energy Asia.
