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China manufacturing slows in March, services growth hits 12-yr high
China manufacturing slows in March, services growth hits 12-yr high
Business and Economy
by  AFP

China's manufacturing activity slowed in March, official figures showed Friday, while growth in the services and construction sectors surged to a 12-year high. The official non-manufacturing PMI, which measures growth in the services and construction sectors, rose to 58.2 in March -- the highest since May 2011 -- and up from 56.3 in February.

Japan unveils export control plans for chip equipment
Japan unveils export control plans for chip equipment
Business and Economy
by  AFP

Japan on Friday unveiled plans to control exports of 23 items used to make semiconductors, following US pressure for countries to impose restrictions to contain China. Japan had been expected to take similar steps with its ally Washington also reportedly urging the country to impose controls.

Big E3 videogame expo in US is canceled
Big E3 videogame expo in US is canceled
Business and Economy
by  AFP

Sponsors of E3, a long-running videogame trade show, pulled the plug on its 2023 gathering, announcing on the event's website Thursday they will "reevaluate" the future of the expo. "Show organizer ReedPop announces E3 2023 will not take place as scheduled this June, with both physical and digital events canceled," the show website said.

UK claims post-Brexit win by sealing trans-Pacific trade pact membership
UK claims post-Brexit win by sealing trans-Pacific trade pact membership
Business and Economy
by  AFP

The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks. "We are at our heart an open and free-trading nation, and this deal demonstrates the real economic benefits of our post-Brexit freedoms," Sunak said in a statement announcing the deal.