U.S. private payrolls increased more than expected in April. Data for March was also revised higher. Economists had predicted a lower increase in private employment. Read more to find out the details.
China has criticised the tightening of U.S. rules on semiconductor exports, saying they have created more hurdles to trade and more uncertainty in the chip industry. The Biden administration last week revised rules aimed at making it harder for China to access U.S. artificial intelligence chips and chipmaking tools. The move by the U.S. has affected companies like Nvidia and AMD. China firmly opposes this decision and is ready to work with all parties to strengthen mutually beneficial cooperation in the semiconductor industry.
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The North Korean foreign ministry has issued a statement warning of future satellite launches. It also criticizes the joint statement made by the U.S. and other countries regarding its recent satellite launch.
