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'Positive signs' for chip world as ASML profits soar
'Positive signs' for chip world as ASML profits soar
Technology
by  AFP

Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West. ASML announced earlier this month 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.

King coal set to lose crown for electricity production: IEA
King coal set to lose crown for electricity production: IEA
Economy
by  AFP

Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday. That may also turn out to be the case in China, where coal produces more than half of electricity, but much depends on hydroelectric production and the pace of the economic recovery.

Europe's bike industry hits bumps as cycling craze cools
Europe's bike industry hits bumps as cycling craze cools
Economy
by  AFP

At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded. - Discounts, bankruptcies - Buoyed by cycling's fast-paced growth during the pandemic and wanting to get ahead of any future supply chain snarls, many industry players increased their orders during the boom.