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ASML shares dive on lower profits, orders
ASML shares dive on lower profits, orders
by  AFP

Shares in Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, slumped Wednesday after the firm reported a drop in net profits and orders amid a high-tech trade spat between China and the West. ASML announced this year that it had been blocked from exporting "a small number" of its advanced machines to China, amid reports of US pressure on the Dutch government.

Biden pushes to triple tariffs on Chinese steel, aluminum
Biden pushes to triple tariffs on Chinese steel, aluminum
by  AFP

US President Joe Biden is urging a tripling of tariffs on Chinese steel and aluminum as he visits Pittsburgh Wednesday, citing "unfair competition" while seeking to win blue-collar votes in November's election. Both Biden and his election rival Donald Trump are competing for vital blue-collar voters, promising to revive American manufacturing.

EU questions TikTok over new Lite app in France, Spain
EU questions TikTok over new Lite app in France, Spain
by  AFP

The EU gave TikTok 24 hours to provide a risk assessment on its new Lite app launched in France and Spain over concerns of its potential impact on children and users' mental health, the European Commission said on Wednesday.