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Britain bets on historic tax cuts and borrowing, investors fear

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades Sterling fell to a new 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday in … Read more

Exclusive: Biden hits China with broader restrictions on exports of US chips and gadgets

Semiconductor chips are seen on a computer circuit board in this illustrative photo taken on February 25, 2022. REUTERS/Florence Law/Illustration/file photo Register now to get free unlimited access to Reuters.com Register Next month, several people familiar with the matter said, the Biden administration plans to expand restrictions on US shipments to China of semiconductors used … Read more

US officials order Nvidia to halt sales of its best AI chips to China

The logo of tech company Nvidia at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith Register now to get free unlimited access to Reuters.com Register Aug 31 (Reuters) – Chip designer Nvidia Corp (NVDA.O) He said on Wednesday that US officials had asked it to stop exporting two of its top computing … Read more