Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day.
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.
Series focused young entrepreneurs making their mark
South Africa’s Inflation Slows for Second Straight Month to 7.5%
Taiwan Central Bank Sees Severe Economic Challenges Next Year
Diamond Tycoon Fights to Unfreeze Fortune After Fraud Claims
Covid in China’s Coal Hubs Crimps Supply as Winter Demand Looms
Inflation Tops 10%, Piling Pressure on Truss: The London Rush
Adobe’s Annual Sales Forecast Falls Short on Currency Impact
Abortion Pill Startups Face Challenges Raising Cash—Even Post-Roe
TikTok Security Deal Is Likely to Leave US Data Leaking to China
Ukraine Latest: Putin to Meet Officials Amid Kherson Pressure
US Official Says OPEC+’s Oil Cut Came at ‘Worst’ Moment
Billionaire Ambani Splurges $163 Million on Priciest Dubai Villa
Understanding Inflation: What’s The Difference Between CPI And RPI?
Wealthy Surfers Find New Upscale Options Just Outside Lisbon
Stephen Curry, Warriors Celebrate Championship, Beat Lakers
Begging Markets to Capitulate, the Better to Rebound
The Rise and Fall and Rise of Jeremy Hunt
France’s Casino Must Spin the Wheel of Debt Again
Ukrainians Return Home by the Millions Even as War Rages On
Mark Zuckerberg Isn’t Saying Much About Facebook These Days
AT&T Is Counting on Government Stimulus Dollars to Help Fund Its Broadband Future
Trader Joe’s Illegally Fired Activist in New York, Union’s Complaint Says
Luxury NYC Condo Tenants on Trash Duty After Tribeca High-Rise Strike
Africa’s Biggest Bank Arranges $306 Million ESG Loan for Grit
Spain Edges Forward With Framework Rules for Green Hydrogen Hub
Overwhelmed by 20,000 Migrants, NYC Opens First Tent Shelters
NYC’s Plan to Close Rikers Behind Schedule In Dispute Over Design Changes
Lessons from Canada’s Drug Decriminalization
The Once-Hot Market for Metaverse Land Is Attracting Risky Bets
Finding Opportunities in the Distress of Crypto Bankruptcies
Crypto Foot Race Heats Up as Ex-Meta Staff Start Blockchain
Debby Wu,
Daniel Flatley, and
Jenny Leonard
As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat: Companies that receive the funding have to promise not to increase their production of advanced chips in China.
It’s a condition that will certainly add to escalating tensions between Washington and Beijing. The curbs will hit companies like Intel Corp. and Taiwan Semiconductor Manufacturing Co., leading chipmakers that have tried to build their businesses in China. TSMC won’t be able to substantially upgrade or expand its existing facilities, effectively losing some growth opportunities in the world’s biggest semiconductor market.