US ‘blockade’ set to turbocharge Chinese chip development

Beijing expected to unleash new funding for its domestic semiconductor sector to come up with alternatives to US tech Read More...


Russia scraps gas pipeline reopening, stoking European fuel fears

Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe’s difficulties in securing winter fuel, after saying it had found faults in the Nord Stream 1 pipeline during maintenance. Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating at 0100 GMT on Saturday after a three-day halt for maintenance. But Gazprom, the state-controlled firm with a monopoly on Russian gas exports via pipeline, said on Friday it could not safely restart deliveries until it had fixed an oil leak found in a vital turbine.

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