| | | The Reuters Daily Briefing | Wednesday, August 3, 2022 by Hani Richter | Hello Here's what you need to know. Pelosi is full of praise and support for Taiwan during visit that infuriated China, Pro-Trump activists swamp election officials with sprawling records requests, and what happened at the U.S primaries. | | | Today's biggest stories U.S. President Joe Biden and Commerce Secretary Gina Raimondo hold a virtual meeting with business leaders and state governors to discuss supply chain problems, particularly addressing semiconductor chips, on the White House campus in Washington, U.S., March 9, 2022. REUTERS/Jonathan Ernst BUSINESS & MARKETS Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.
China is suspending imports of citrus fruits, chilled white striped hairtail and frozen horse mackerel from Taiwan starting Aug. 3, China's customs said.
Uber sold its 7.8% stake in Indian food delivery firm Zomato for $392 million via a block trade on local exchanges, two sources familiar with the matter told Reuters.
BMW lowered its output forecast and warned of a highly volatile second half, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets.
CVS raised its annual profit forecast after strength in its insurance business and sales of COVID over-the-counter test kits helped boost quarterly earnings. | | | | | | | Video of the day Red Putin statue pops up in Central Park A red statue depicting Russian leader Vladimir Putin riding a tank has been installed in a New York City playground. | | Thanks for spending part of your day with us. | | | | | |