Friendly nations like the United States, the Republic of Korea, and Taiwan will not be affected. Japanese authorities will impose stricter controls on the export of high-tech machinery and components used in the manufacture of semiconductors and microchips, reported the country's Ministry of Economy, Trade, and Industry. There are 23 articles on the list of prohibited goods, such as UV...

According to Binance Research's Cryptocurrency Market Report for the first half of 2023, the ten largest cryptocurrency-focused funds generated $3.61 billion in financing. "Overall Bitcoin deal activity decreased in the first half of 2023, which was also accompanied by a decrease in venture capital funding. However, notable VCs and bitcoin fans voiced hope. They emphasized continuous research and...

Authorities in India, which exports 40% of the world's rice, have banned exports of all but Basmati variety of the crop, the Ministry of Consumer Affairs and Food Distribution stated. 25% of India's rice exports are made up of kinds that are now banned, according to the ministry. "The Government of India has amended the export policy norms for the said varieties by changing their category from...

The plant will make batteries for the new line of electric vehicles from Jaguar and Land Rover, according to Tata Sons CEO Natarajan Chandrasekaran. The UK will soon be home to a factory that will make batteries for electric vehicles, Indian industrial powerhouse Tata Group announced. "Tata Group is constructing one of Europe’s biggest battery manufacturing sites in the UK," The Economic Times...

The LPR base rate remains at 3.55 percent, unchanged by the People's Bank of China. According to information posted on the regulator's website, the People's Bank of China (Central Bank) held the prime lending rate for prime borrowers (LPR, loan prime rate) at the 3.55 percent level from the previous month. The yearly LPR, which replaced the previous lending standard in August 2019, remained...

According to the conclusions of the G20 conference of finance ministers and central bank governors, global economic growth is below its long-term average and continues to be unequal. "Global economic growth is still uneven and below its long-term average. The outlook remains highly ambiguous," reads the statement. "The balance of risks remains weighted to the downside with a considerable...

Reuters learned that senior Biden administration officials have spoken with executives from important U.S. chip companies, including Intel, Qualcomm, and Nvidia. Leading US chip giants Intel, Qualcomm, and Nvidia met with senior officials from the administration of US President Joe Biden on July 17, according to Reuters, which cited sources familiar with the conversations and a State Department...

Inflation, according to the Bundesbank, slowed down from 8.7% at the start of the year to 6.4% at the end of the reporting period. After a six-month recession, the German economy began to partially recover in the second quarter of 2023, Bundesbank stated in its monthly report, which was released on Monday. German output, according to bank experts, "increased slightly again" in the second...

Oil and gas businesses are searching for more efficient and affordable ways to boost production, according to the Norwegian consulting firm. Oil and gas businesses from around the world may have to spend up to $58 billion more in 2023 to continue developing their current reserves, forecasts the Norwegian consulting firm Rystad Energy. The company's specialists point out that further development...