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

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Oct 6 (Reuters) – Tesla Inc (TSLA.O) is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go … 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

Russia wants secret U.N. vote on move to condemn ‘annexation’ of Ukraine regions

Russia wants secret U.N. vote on move to condemn ‘annexation’ of Ukraine regions

UNITED NATIONS, Oct 5 (Reuters) – Russia is lobbying for a secret ballot instead of a public vote when the 193-member U.N. General Assembly next week considers whether to condemn Moscow’s move to annex four partially occupied regions in Ukraine after staging what it called referendums. Ukraine and allies have denounced the votes in Donetsk, … Read more

Exclusive: Banks divert gold supply from India to China, Turkey

Exclusive: Banks divert gold supply from India to China, Turkey

MUMBAI, Oct 4 (Reuters) – Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters. That could create scarcity in the world’s second-biggest market for gold, and force Indian … Read more

U.S. calls North Korea launch ‘dangerous’; pledges to defend allies

U.S. calls North Korea launch ‘dangerous’; pledges to defend allies

WASHINGTON, Oct 3 (Reuters) – The United States condemned North Korea’s firing of a ballistic missile over Japan as “dangerous and reckless” and pledged to defend South Korea and Japan with all America’s power, but said it remained open to dialogue with Pyongyang. “This action is destabilizing and shows the DPRK’s blatant disregard for United … Read more

OPEC+ mulling largest cuts since 2020 crisis, sources say

OPEC+ mulling largest cuts since 2020 crisis, sources say

LONDON, Oct 3 (Reuters) – The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd), OPEC sources said, and voluntary cuts by individual members could come on top of that, making it their largest cut since 2020. The group is set to meet on Oct. 5 … Read more

Latvia to remain Russia’s critic as prime minister wins election

Latvia to remain Russia’s critic as prime minister wins election

RIGA, Oct 2 (Reuters) – The centre-right New Unity party of Latvian Prime Minister Krisjanis Karins won Saturday’s election, according to provisional results, with its 19% of the vote putting him in a position to head another coalition government. The results – with 96% of districts counted – mean Latvia should remain a leading voice … Read more

Russia loses U.N. aviation council seat in rebuke

Russia loses U.N. aviation council seat in rebuke

MONTREAL, Oct 1 (Reuters) – Russia failed to win enough votes for re-election to the United Nation’s aviation agency’s governing council on Saturday, in a rebuke of Moscow for aviation-related actions taken after its invasion of Ukraine. Russia fell short of the 86 votes needed to stay on the International Civil Aviation Organization’s (ICAO) 36-nation … Read more