last year a shortage of chips led to supply chain disruption around the world meaning delays to everything from cars to washing machines and of course, computers. and now, the dutch government has announced that it will impose new export restrictions on advanced chips being sold to china. the dutch have some of the most significant companies in the field and china is keen to buy them but the us have been putting pressure on european countries to curb exports of sensitive technology to china on national security grounds. our correspondent anna holligan is in the hague. one of europe s smallest nations has found itself in the middle of a battle between the world s two biggest superpowers. and at the heart of it, microchips. they power everything from our mobile phones to military hardware. and the us has been applying political pressure on countries to limit exports. now the netherlands is home to asml until recently a relatively obscure company, but it makes the most advance
and of course, computers. and now, the dutch government has announced that it will impose new export restrictions on advanced chips being sold to china. the dutch have some of the most significant companies in the field and china is keen to buy them but the us have been putting pressure on european countries to curb exports of sensitive technology to china on national security grounds. our correspondent anna holligan is in the hague. one of europe s smallest nations has found itself in the middle of a battle between the world s two biggest superpowers. and at the heart of it, microchips, that power everything from our mobile phones, to military hardware. and the us has been applying political pressure on countries to limit exports. the netherlands is home to asml, until recently, a relatively obscure company, but it makes the most advanced machines used in the manufacturing of microchips. in fact, it s europe s most valuable tech company. in a letter to parliament, the countr
results missed market expectations. delayed results, a missed market expectations. tesla s income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn t come as a complete surprise given tesla cut prices on its top selling cars several times last year and in fact did it again this week. now, tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. so the price cuts did the trick. the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each card sold have gotten smaller. let s stay w
let s start in china, where the latest figures just released show the world s second largest economy grew faster than expected in the first three months of the year at 4.5%. this is the first set of quarterly gdp figures following the end of strict covid 19 restrictions in december. they also follow the easing of a three year crackdown on tech firms and property. lets get reaction from julian evans pritchard, head of china economics at capital economics. this is better than expected. most people are saying we re looking at 4% growth, give us your take on this number? really the strength is all about the consumer centre, we saw the vigors beads on the retail sales numbers are more generally in qrs or the household savings rates, so households are feeling more comfortable, households are feeling more comfortable, spinning again, they have comfortable, spinning again, they have the comfortable, spinning again, they have the possibility - comfortable, spinning again, they ha