World News

Global chip stocks plunge after Micron’s (MU) poor forecast, waning demand

 Global chip stocks plunge after Micron’s (MU) poor forecast, waning demand

Micron Technology announces a worse than expected forecast for this quarter. It sends global chips stocks plunging on Friday.

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Taiwan’s GlobalWafers to build US$5-billion silicon factory in Texas

Taiwan’s GlobalWafers to build US$5-billion silicon factory in Texas

Taiwan-based company GlobalWafers to set up new factory in US.

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Global food transportation linked to high greenhouse gas emissions

Global food transportation linked to high greenhouse gas emissions

Greenhouse gas emissions while transporting fruits and vegetables are higher than in raising livestock for meat.

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Senate passes gun bill; to provide US$15 bn funding to states

Senate passes gun bill; to provide US$15 bn funding to states

US Senate passes new gun legislation to curb rising mass shootings in the US

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Strong US dollar spurs global currency war to curb inflation

Strong US dollar spurs global currency war to curb inflation

Global race to boost individual currencies to combat inflation will unleash a mayhem in world economy.

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Powell hints at possible recession as soft landing is 'challenging'

Powell hints at possible recession as soft landing is 'challenging'

Highlights,:,Fed Reserve chair Jerome Powell said a recession is a probability as a soft landing is difficult.,The Central Bank chair said steep rate hikes are justified to rein in inflation.,Similar rate hikes of up to 75 basis points likely in July.,In ...

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Australia provides monetary support to crisis-hit Sri Lanka

Australia provides monetary support to crisis-hit Sri Lanka

Sri Lanka's economic crisis is turning worse day by day with a shortage of food, health, fuel and power supply. Recently, Australia has pledged to provide AU$50 million in Official Development Assistance to Sri Lanka to meet its urgent food and healthcare

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Three issues need to be fixed for Twitter deal to go ahead: Musk

Three issues need to be fixed for Twitter deal to go ahead: Musk

Elon Musk said three vital issues need to be settled first for the Twitter takeover to happen.

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US to observe inaugural Juneteenth federal holiday on Monday

US to observe inaugural Juneteenth federal holiday on Monday

Highlights: US will commemorate Juneteenth as a Federal holiday for the first time on June 20, Monday. Juneteenth is observed to celebrate the emancipation of the enslaved African Americans. The Juneteenth act was passed by President Joe Biden a...

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US mid-term polls in a year marred by inflation, fear of recession

US mid-term polls in a year marred by inflation, fear of recession

Highlights: US mid-term elections on November 8, 2022, will be a litmus test for President Biden. A Republican dominance will trouble the Biden administration in dealing with the current economic woes. The Ruling party generally fares badly in...

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Better.com, CEO misled investors to ensure SPAC deal: Former executive

Better.com, CEO misled investors to ensure SPAC deal: Former executive

  • June 08, 2022 02:46 AM PDT
  • Reuters

A former Better.com employee is suing the company and its chief executive, Vishal Garg, alleging they provided misleading statements to investors about the digital mortgage firm's financial prospects and performance. Sarah Pierce, a former executi...

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