The United States and the Netherlands are intensifying their efforts to curb China's chipmaking capabilities by imposing further restrictions on the sales of chipmaking equipment, Reuters reported.

Chip War Intensifies: U.S. and Netherlands impose stricter controls on chipmaking equipment sales to China

China's factory activity declined for the third consecutive month in June, accompanied by a deepening weakness in other sectors, according to official surveys cited by Reuters released on Friday.

China's manufacturing sector continues to contract, heightening growth concerns

Global mergers and acquisitions (M&A) activity experienced a significant 36 per cent year-on-year decline in the second quarter of 2023, Reuters reported. However, investment bankers and legal experts remain optimistic, citing the gradual restoration of chief executives' confidence in dealmaking, driven by the stock market's recovery.

Global mergers & acquisitions decline in Q2, but stock market recovery boosts optimism

In some good news (finally) for the financial industry, the annual stress test conducted by the Federal Reserve shows that Wall Street's 23 larges banks are well-prepared to withstand severe economic downturns and real estate market instability, Bloomberg reported.

Dollars of Confidence: Wall Street heavyweights pass Stress Test, clear payout doubts

Livestreaming in China is undergoing a transformation as big brands seek greater control over the process and move away from relying solely on massive discounts and celebrity hosts to attract viewers, Reuters reported.

Livestreaming craze in China: Brands ditch discounts for compelling content

A government watchdog revealed on Tuesday that fraudsters may have stolen more than $200 billion from federal loans designed to aid struggling small businesses during the COVID-19 pandemic, Reuters reported.

Fraudsters make off with $200 billion from Covid Relief Programs, says US watchdog

Climate change remains one of humanity's greatest challenges, prompting countries and institutions worldwide to take action by striving for near-zero greenhouse gas emissions.

Sustainability Economics Emerges as Key Player in Financial Institutions' Net-Zero Transition

China's industrial firms are grappling with a sustained decline in annual profits, further highlighting the need for increased policy support to bolster the country's post-COVID economic recovery, Reuters reported.

China's industrial profits take a plunge: Economy looks for a makeover

Tesla's electric-vehicle charging technology is rapidly gaining momentum, positioning itself to become the North American standard. The automaker's move to expand access to its once-exclusive chargers has garnered support from prominent industry players, including Volvo Car, General Motors, Ford, and Rivian, Reuters reported.

Tesla plugs in for total charging domination, emerges as the electrifying standard

To bridge the digital divide and ensure universal access to high-speed broadband, the White House has announced the allocation of $42 billion to all 50 states and U.

Internet for all: White House unveils $42 Billion plan to connect the US

KPMG, one of the world's leading accounting firms, has announced its plans to lay off approximately 5 per cent of its workforce in the United States, Moneycontrol reported on Monday.

KPMG joins the layoff parade: Canaries in the economic coal mine

In a surprising shift within the energy industry, major fossil fuel players are boldly asserting that natural gas will play a pivotal role in the transition to a greener future, Bloomberg reported.

Fossil fuel giants flip the script, declare Natural Gas 'fuel of the future'

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Zee News Rajasthan

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Aprameya Rao

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