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U.S. Seeks to Further Restrict Cutting-Edge Chip Exports to China

The Biden administration’s action is aimed at preventing China from making high-end semiconductors, sources say.

The Wall Street Journal |  | Fuente original

As More Cars Hit Dealership Lots, Buyers Feel Pinch of Rising Interest Rates

More new cars and trucks are trickling into dealerships as supply-chain troubles ease, but rising rates are weighing on car buyers.

The Wall Street Journal |  | Fuente original

U.K.’s Central Banker Faces Inflation, a Financial Crisis and His Own Government

Bank of England Gov. Andrew Bailey intervened in bond markets to avert market turmoil while also trying to reassure investors that he still plans aggressive rate rises to tamp down U.K. inflation that could reach 11% this year.

The Wall Street Journal |  | Fuente original

U.K. Government Abandons Plan to Cut Rate of Income Tax for Top Earners

The U.K. government said it won’t proceed with the removal of a 45% top rate of income tax, removing a key element of a plan announced late last month that triggered turmoil in the country’s financial markets.

The Wall Street Journal |  | Fuente original

Twitter Co-Founder Dorsey Tried to Smooth the Way for Musk, Agrawal, Messages Show

“At least it became clear that you can’t work together,” Dorsey told Musk after a call, according to texts made public in court filings.

The Wall Street Journal |  | Fuente original

Eurozone Inflation Hits 10% as Power Suppliers Scramble for Reserves

The eurozone’s annual rate of inflation climbed in September as uncertainty about the currency area’s ability to make it through the winter without power cuts continued to keep energy prices elevated.

The Wall Street Journal |  | Fuente original

Developing Countries Face Stiff Economic Headwinds, World Bank Chief Says

The head of the World Bank warned that developing nations face an extremely challenging near-term outlook, as the sharp slowdown in global growth raises the risks of a prolonged recession.

The Wall Street Journal |  | Fuente original

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