China pledges to boost consumption, tech self-reliance

Senior Chinese officials speak at a press conference of the Central Committee of the Chinese People’s Congress after the Chinese Communist Party concluded its Fourth Plenum. Picture Alliance | Picture Alliance | Getty Images BEIJING — China’s top leaders on Thursday pledged to boost domestic consumption over the next five years, alongside widely expected plans…

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Applied Materials lays off 4% of workforce

Signage outside Applied Materials headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Chip equipment manufacturer Applied Materials is laying off 4% of its workforce. The company on Thursday began notifying impacted employees around the world “across all levels and groups,” it said in a…

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