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EU must act quickly to catch up to US, warns report author
EU must act quickly to catch up to US, warns report author
Economy
by  AFP

The EU risks lagging further behind the United States unless Brussels makes significant changes to the single market to give it "teeth", warned the author of a report that will be submitted to leaders Thursday. "EU companies currently lag behind their global counterparts, particularly those in the US and China," the report warns.

ASML profits, bookings down amid China chip spat
ASML profits, bookings down amid China chip spat
Economy
by  AFP

Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, on Wednesday 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.