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China steps up response to US chip moves but economic reality limits how far
Beijing's restrictions on American chipmaker Micron in retaliation to sweeping US chip curbs marks a major step up in its response to Washington's pressure and could open the door for further measures in the geopolitical standoff, analysts say.
Brazil's Indigenous peoples ministry could see key powers curbed
Brazil's congress could strip the ministries of environment and Indigenous peoples of key functions, their heads warned Wednesday. The initiative to create a Ministry of Indigenous Peoples was welcomed by environmentalists, who consider Indigenous reserves an important tool against deforestation and climate change.
Most markets down as US debt impasse sparks Fitch ratings warning
Most Asian equities sank Thursday on fears of a US default as the struggle to hammer out a debt deal led Fitch to warn the country's gold-plated credit rating was at risk. On Wednesday, the uncertainty led Fitch to put the country's AAA-ranked credit on "rating watch negative".
US, Microsoft warn Chinese hackers attacking 'critical' infrastructure
State-sponsored Chinese hackers have infiltrated critical US infrastructure networks, the United States, its Western allies and Microsoft said Wednesday while warning that similar espionage attacks could be occurring globally. They said a "state-sponsored cyber actor" from China was behind Volt Typhoon and that the hacking was likely occurring globally.
Singapore economy beats estimates but govt warns of global risks
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy. It warned, however: "Downside risks in the global economy have risen."
US warned debt standoff could hit credit rating
Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing limit, a week before a key deadline.
DeSantis White House launch derailed by glitches
Republican Ron DeSantis kicked off his 2024 presidential campaign Wednesday with a live event opposite Twitter boss Elon Musk that descended into farce as it was beset by technical bugs. The Florida governor began his rollout with a Twitter video post in which he declared: "I'm Ron DeSantis and I'm running for president to lead our great American comeback."
ECB vows to win inflation fight on 25th birthday
European Central Bank president Christine Lagarde pledged Wednesday to reduce high inflation in the eurozone as the institution that safeguards the euro marked its 25th anniversary. And despite recent highs, inflation has averaged 2.05 percent over the ECB's quarter of a century in existence -- not far off the central bank's target.
Tina Turner: Queen of Rock 'n' Roll dies at age 83 in Switzerland after long illness
US musician Tina Turner died peacefully in her home in Kusnacht near Zurich, Switzerland. The legendary singer was famous for her live performances and voice.
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