China hits back against US chip crackdown

The United States Federal Reserve has cut interest rates but signalled it will slow the pace at which borrowing costs fall any further, given a relatively stable unemployment rate and little recent improvement in inflation. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that…

Thousands of Amazon employees in the United States are set to go on strike during the busy Christmas period after union officials accused the retailer of refusing to enter negotiations for better pay and conditions. The Teamsters union said on Wednesday that warehouse workers would join the picket line in cities including New York, Atlanta…