Bloomberg Semiconductor stocks across the globe retreated on Monday after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over. In China, bellwether Semiconductor Manufacturing International Corp (SMIC) falls 4% in Hong Kong, the most in five weeks. Declines were steeper in …

  Bloomberg As recession looms, stock prices slide and sterling sinks, British firms are backing off expansion and instead handing money back to investors by buying back shares like never before. Companies in the FTSE 100 Index are set to repurchase stock worth almost $57 billion this year, significantly above previous peaks, according to financial services firm AJ Bell Ltd. …

  Bloomberg Just over 1,000 people have signed up for Cathay Pacific Airways Ltd.’s flight attendant recruiting drive, around half of the 2,000 targeted by the end of 2023, underscoring the labour challenges the airline faces as it seeks to fully restore flights in and out of the Asian financial hub. Cathay said it was satisfied with the expressions of …