UK Prime Minister Liz Truss is set for a big U-turn on her economic package. Wall Street looked at the latest inflation numbers and pretty much shrugged. New sanctions on Chinese semiconductor makers are starting to bite.
Investors shrugged off another high US inflation report and Liz Truss could be about to rip up her ‘mini’ Budget. New US export controls force global semiconductor equipment makers to suspend sales and services to Chinese chip companies.
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