Other stories we’re keeping an eye on as we prepare to slide into the final workday of the week:

  • Chinese telecom giant Huawei is expected to soon roll out its own mobile OS after it was cut off from crucial American tech provided by Google after landing on a US trade blacklist in 2019, the Associated Press reports.
  • Chinese manufacturers forced to ration power worry they may not meet their orders, with some factories being forced to shut for one to three days a week to curb the electricity shortage the country is facing after a heatwave and economic recovery combined to fuel peak consumption, according to the Financial Times.
  • Fees made by US investment banks from SPAC listings in the past two months tumbled to just USD 430 mn, from a record USD 3 bn in January and February during the peak of the SPAC craze, Refinitiv data cited by the FT showed.
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