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China’s biggest chipmaker hit by US sanctions

The US government has sanctioned China’s biggest chipmaker, dealing further damage to the country’s semiconductor industry after cutting Huawei off from its chip suppliers. On Friday, the US Department of Commerce told companies that exports to Semiconductor Manufacturing International Corporation (SMIC) posed an “unacceptable risk” of being diverted to “military end use”,

Trump refuses to commit to peaceful transfer of power

Donald Trump refused to commit to a peaceful transfer of power if he loses the election, sparking further concern about the November 3 poll. “We’re going to have to see what happens,” the president said when asked at a news conference. Mr Trump repeated his mantra that the ballots being posted to

Pandemic knocks a tenth off incomes of workers worldwide

The income earned by workers around the world fell more than 10 per cent in the first nine months of 2020 as a result of the coronavirus pandemic, according to the International Labour Organization — a loss totalling more than $3.5tn. The estimate, which equates to 5.5 per cent of global gross domestic

Facebook vows to restrict users if US election descends into chaos

Facebook has said it will take aggressive and exceptional measures to “restrict the circulation of content” on its platform if November’s presidential election descends into chaos or violent civic unrest. In an interview with the Financial Times, Nick Clegg, the company’s head of global affairs, said it had drawn up plans

Global stocks sink on fears of new Covid lockdowns

European markets tumbled after sharp rises in coronavirus cases across the continent prompted concerns about new lockdowns, dealing a heavy blow to bank and travel shares. London’s FTSE 100 was down 3.4 per cent by mid-morning. Shares in British Airways owner IAG declined 15 per cent, while Trainline shares lost

The impressive legacy of Ruth Bader Ginsburg

How apt that much of Ruth Bader Ginsburg’s most distinguished work was written in dissent. A Jewish woman from prewar Brooklyn, her rise to the US Supreme Court was itself a kind of “No” — to the hurdles of race, class and above all gender. In 27 years on the

Trump to nominate successor to Ginsburg ‘without delay’

US senators were gearing up for a bitter fight over whether to confirm a new Supreme Court justice just weeks before a presidential election, following the death of Ruth Bader Ginsburg on Friday night. Mitch McConnell, the Republican Senate majority leader, said hours after Ginsburg’s death that he would hold a

TikTok to be banned from US app stores from Sunday

TikTok will be removed from US app stores from midnight on Sunday as Washington moves to implement executive orders from President Donald Trump that will also target WeChat, a Chinese social media app, according to a person briefed on the plans. The US commerce department, which issued the orders on Friday, stopped