Japan announces chip export restrictions for China


The Japanese government has announced export restrictions on advanced chip production machines. The restrictions do not mention China, but in practice they are intended to complicate exports to this country. The restrictions were already expected. The Japanese government is expanding existing export restrictions with 23 products, including euv production machines and etching equipment for 3D...

EC bans TikTok in ‘government organizations’


The European Commission imposed a ban on the use of TikTok on devices of the government organization on Thursday morning, Politico reports. That measure has been taken because of growing concerns about espionage by China. TikTok is a social network owned by the Chinese tech company Bytedance. In Western countries, there are increasing concerns about Chinese tech companies helping intelligence...

Warm weather has lowered gas prices for Europe


Gas was cheaper on Friday. As a result, the price of fossil fuels has come closer to the price at the beginning of this year. The warm weather this winter means that European gas supplies are still full. As a result, European countries and energy companies want to pay less to buy more gas. The price of a megawatt hour of gas on the leading Stock Exchange in Amsterdam was still above 80 euros at...

At the end of the year the UK economy will inevitably enter a mild recession


The UK economy contracted by 0.3 percent in the third quarter of this year. The United Kingdom is expected to be officially in recession by the end of this year. The economic downturn is the result of rising prices that hit businesses and households hard. A country is officially in recession when the economy shrinks for two consecutive quarters. Over the past quarter, economic activity in the UK...

2023 will be the year of recession or stagnation for one of the most important EU economies


The Dutch economy is unlikely to grow next year. The price ceiling for energy cannot prevent life from becoming more expensive across the board in 2023 as well. The International Monetary Fund (IMF) has conducted research into the Netherlands in recent days and presented the first results on Friday. The researchers believe that the Dutch economy is still growing by 4.2 percent this year, but by...

USDA: Florida Orange Crop Down 36% After Twin Hurricanes


U.S. officials say Florida’s seasonal orange production is forecast to be down 36% from earlier estimates, in part a reflection of twin hurricanes that battered growing regions. Production of oranges in Florida this season is forecast to be down 36% from earlier estimates, in part a reflection of twin hurricanes that battered growing regions, according to U.S. Agriculture Department figures...

European inflation took a break


For the first time in a year and a half, inflation in the countries whose currency is the euro has not risen further. This is reported by the European statistical office Eurostat on the basis of preliminary figures. Inflation reached 10% this month. A month earlier, inflation was still 10.6 percent. As a result, the pace at which consumer prices are rising in the euro area appears to have slowed...

Netherlands are looking to choke the life out of Tata Steel with environmental regulations


The Tata Steel factories in IJmuiden still seem to produce too many heavy metals and high concentrations of lead. stoten.Er heavily contaminated dust continues to descend into nearby villages. RIVM does not see any clear progress in measurements compared to 2020. In those previous measurements, the RIVM warned that the harmful substances that descend into the environment of Tata Steel are...

Fuel torture for France may be over soon


Two trade unions in France have reached a preliminary agreement with oil and gas group TotalEnergies on a wage increase. This happened after an emergency consultation in which the oil giant was keen to reach an agreement. Due to the strikes, which have been going on for three weeks, a large part of the gas stations in the country are without fuel. This is also due to actions at ExxonMobil...

Sales grew, but mainly due to the high prices


Due to the high prices, sales in Dutch stores increased by almost 2 percent in August compared to a year earlier, statistics agency CBS reports. That sales rose due to high inflation, is clear. Sales were down 6 percent in August, but retail sales were still up. Especially at supermarkets and other grocery stores, more sales were made, although people also went to the checkout with a lighter...

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