Markets rally after Nvidia’s strong results calm AI bubble fears, and investors await US jobs report – business live
Investors cheer forecast-beating results from chipmaker, as attention turns to delayed US employment reportEuropean trade commissioner Maroš Šefčovič has said the decades-old global trading system with secure global supply chains is over.In the wake of the most recent battle between the EU and China over the supply of chips for the auto industry, he told a conference in Brussels “everything could be weaponised”.“Europe for years, kind of relied upon the reliable global supply chains, this is a new situation. And suddenly we might have new tariffs, might have new exports controls.Simply that system, which was built for decades, is not there anymore. Everything could be weaponised. So unfortunately, it became the new tool in this, I would say, geopolitical competition.” Continue reading...
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Investors cheer forecast-beating results from chipmaker, as attention turns to delayed US employment report
European trade commissioner Maroš Šefčovič has said the decades-old global trading system with secure global supply chains is over.
In the wake of the most recent battle between the EU and China over the supply of chips for the auto industry, he told a conference in Brussels “everything could be weaponised”.
“Europe for years, kind of relied upon the reliable global supply chains, this is a new situation. And suddenly we might have new tariffs, might have new exports controls.
Simply that system, which was built for decades, is not there anymore. Everything could be weaponised. So unfortunately, it became the new tool in this, I would say, geopolitical competition.”
Continue reading...
