Asia Stocks to Fall After Wall Street Tech Slump: Markets Wrap
European equity futures tracked the grim Asian session as signs of fading momentum in China’s economy added to angst over elevated US interest rates and tensions in the Middle East.
European equity futures tracked the grim Asian session as signs of fading momentum in China’s economy added to angst over elevated US interest rates and tensions in the Middle East.
The resurgent dollar cut a swath through global currencies Tuesday, weakening many through closely watched levels that forced some officials to step in to stem the losses.
Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups.
Britain’s unemployment rate rose unexpectedly to the most in six months as the number of jobs in the economy shrank, an indication of cooling in the once red-hot labor market.
Microsoft Corp. will invest $1.5 billion in the United Arab Emirates’ top artificial intelligence firm, G42, bolstering the Abu Dhabi-based company’s commitment to scale back its presence in China.
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