U.S. aims to hobble China’s chip industry with sweeping new export rules

U.S. aims to hobble China’s chip industry with sweeping new export rules

Oct 7 (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go … Read more

EU leaders reaffirm support for Ukraine, squabble over gas cap

EU leaders reaffirm support for Ukraine, squabble over gas cap

Division over details of gas price cap European Commission to make proposals for EU summit on Oct.20-21 Poland criticises Germany for big spending on compensation EU27 vow continued financial and military support for Ukraine Scholz says rebuilding Ukraine will take a generation PRAGUE, Oct 7 (Reuters) – European Union leaders on Friday agreed to give … Read more

Putin turns 70 with a prayer for his health amid war crisis

Putin turns 70 with a prayer for his health amid war crisis

Kremlin leader faces deepening crisis in his war in Ukraine Allies pay tribute but criticism of military is mounting Patriarch prays for Putin’s health LONDON, Oct 7 (Reuters) – President Vladimir Putin turned 70 on Friday amid fawning congratulations from subordinates and a plea from Orthodox Patriarch Kirill for all to pray for the health … Read more

Macron: Europe to send more military gear to Ukraine including French howitzers

Macron: Europe to send more military gear to Ukraine including French howitzers

PRAGUE, Oct 6 (Reuters) – French President Emmanuel Macron said on Thursday European countries would send Ukraine more military equipment to counter Russia, including more French Caesar-type howitzers. “We are working indeed on several requests, with several members of the EU, including on new Caesars,” Macron said. Register now for FREE unlimited access to Reuters.com … Read more

Russia says Zelenskiy’s ‘preventive strike’ comments justify its Ukraine ‘special operation’

Russia says Zelenskiy’s ‘preventive strike’ comments justify its Ukraine ‘special operation’

Oct 7 (Reuters) – Russian Foreign Minister Sergei Lavrov said on Friday that remarks by Ukrainian President Volodymyr Zelenskiy suggesting NATO should launch preventive strikes on Russia confirmed the need for what it calls its “special operation” in Ukraine. “By doing so, (he) essentially presented the world with further evidence of the threats posed by … Read more

Credit Suisse pays down debt to calm investor fears

Credit Suisse pays down debt to calm investor fears

To buy back up to $3 billion in debt Seen as bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade ZURICH, Oct 7 (Reuters) – Credit Suisse (CSGN.S) will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled … Read more

London’s FTSE 100 falls for second day as Shell weighs

London’s FTSE 100 falls for second day as Shell weighs

FTSE 100 down 0.8%, FTSE 250 adds 0.4% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would … Read more

U.N. body rejects debate on China’s treatment of Uyghur Muslims in blow to West

U.N. body rejects debate on China’s treatment of Uyghur Muslims in blow to West

Narrow defeat seen as blow to West, U.N. credibility First attempt to put China’s rights record on agenda Muslim countries like Pakistan reject the motion China lobbied hard against debate on sidelines GENEVA, Oct 6 (Reuters) – The U.N. rights council on Thursday voted down a Western-led motion to hold a debate about alleged human … Read more

Toyota restarts output of first EV after fixing safety issues

Toyota restarts output of first EV after fixing safety issues

TOKYO, Oct 6 (Reuters) – Toyota Motor Corp said it would restart production of its first electric vehicle, the bZ4X, on Thursday after fixing potential safety problems that had halted sales of the new battery-powered model for more than three months. Japan’s largest automaker, a laggard in the EV market, recalled 2,700 bZ4Xs globally in … Read more

Europe’s new club meets without Russia

Europe’s new club meets without Russia

44 European gather in Prague for symbolic summit Energy and security high on everyone’s minds Truss’ participation gives hope for better EU-UK ties Doubts about viability of wide European format EU 27 to follow with their own summit, gas cap on the menu PRAGUE, Oct 6 (Reuters) – The European Union and its neighbours from … Read more