Britain is pushing investors to flee with historic tax and borrowing cuts

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades The pound fell 3% to a 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday … Read more

Exclusive: Biden hits China with broader restrictions on exports of US chips and gadgets

Register now to get free unlimited access to Reuters.com Register Next month, several people familiar with the matter said, the Biden administration plans to expand restrictions on US shipments to China of semiconductors used in artificial intelligence and chip-making tools. The Commerce Department intends to publish new regulations based on the restrictions sent in letters … Read more