The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas
Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
AMSTERDAM (Reuters) -ASML, the largest supplier of equipment to computer chip makers, is considering a major expansion in the Dutch city of Eindhoven, an important step toward resolving doubts about where it will grow its operations in the future. The company and the city of Eindhoven said on Monday they had signed a letter of intent to explore an expansion large enough to house 20,000 new employees in a relatively undeveloped area in the north of Eindhoven near the city's airport. The decision follows an announcement last month that the Dutch government would spend $2.7 billion to improve infrastructure in the Eindhoven region to prevent the company from moving operations abroad.
ASML, the largest supplier of equipment to computer chip makers, said on Wednesday that geopolitical tensions and any expansion of a U.S.-led campaign to restrict its exports to China remain business risks. In its annual report published on Wednesday, the Dutch company flagged the growing list of restrictions imposed by the United States, mostly with the assent of the Dutch government. Those include Dutch licensing requirements for most of ASML's advanced product lines, as well as a unilateral m
is legaljeopardy here for these firms that it raise a broader question for employers and for employees about how we use these apps in the workplace and to discuss our work. ., ., apps in the workplace and to discuss our work. ., ~ , ., , apps in the workplace and to discuss our work. ., ~ ,, , . one of the world s biggest computer chip makers says it s going to open its first factory in europe. taiwan s tsmc says its board has approved plans for a $3.8 billion facility in germany. the company said it had strong support from the germany government and the eu both of which have been pouring money into computer chips so that they become less reliant on china for supplies. tsmc s invesment in germany follows a similar announcement by us rival intel a few weeks ago. the video conferencing firm zoom has updated its terms of service because of concerns that it was training its artificial intelligence models on customer calls. in a blog post the firm stressed that audio, video and chats were