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BEIJING – China's Ministry of Commerce said on Thursday that the country informed the United States and Europe about this week's export controls in advance.China did so through "export control dialogue channels," Commerce Ministry spokesman Shu Jueting said in Mandarin, translated by CNBC.China is not targeting any specific country with the restrictions, he said, reiterating that their aim is to protect national security.The Ministry of Commerce announced on Monday that from August 1, China would restrict exports of gallium and germanium, two metals used in the manufacture of semiconductors. That means companies in China must apply for licenses to export…

Mortgage rates hit their highest level since late May last week, which in turn weighed on demand for mortgages.The total volume of mortgage applications fell 4.4% last week compared to the previous one, according to the Mortgage Bankers Associationseasonally adjusted index of . Demand is now at its lowest level in a month.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.85% from 6.75%, with points rising to 0.65 from 0.64 (including origination fee) for loans with 20% down payment.While that was the average rate for the week, a separate Mortgage…

Gerard Pique and Shakira, separated for more than a year, continue to appear 'together' in the headlines of the entertainment press. The former Barcelona player and the singer from Barranquilla do not stop being involved in controversies for any detail that is known about their past relationship and their current coexistence. This Thursday, the last interview he dedicated to Gerard Piqué is a trend in Spain. And it is because, among different revelationsthe Catalan left several taunts that were not unrelated to Shakira.(Keep reading: Shakira and a 'master plan' to damage Piqué and Clara Chía's marriage plan).Gerard Piqué and the…

Meta competitor on Twitter is off to a good start. Threads has drawn more than 23 million subscriptions since its launch on Wednesday night, according to the badges that appear on Instagram when people join the new app.Meta CEO Mark Zuckerberg said that Threads, which launched on Wednesday night, drew 10 million signups in seven hours. And while it still falls well short of the user bases of the major social networks, including Twitter and Instagram, it's a number that gives the new platform an immediate boost. Still, it's far from certain that Threads will ever be bigger or more…