World News
GlobalFoundries, STMicro to build new US$5.7 Bn French chip factory
- July 11, 2022 06:45 AM PDT | Mridul Gogoi
Chipmakers GlobalFoundries (Nasdaq: GFS) and STMicroelectronics announce a new factory in France.
Microsoft’s (MSFT) US$69-Bn Activision (ATVI) deal in a regulatory fix
- July 07, 2022 10:57 AM PDT
- Mridul Gogoi
Rivian (RIVN) beats estimates in second-quarter EV production
- July 06, 2022 11:09 AM PDT
- Mridul Gogoi
Tesla’s (TSLA) deliveries fall for first time in two years, may hit profits
- July 05, 2022 11:25 AM PDT
- Mridul Gogoi
Global chip stocks plunge after Micron’s (MU) poor forecast, waning demand
- July 01, 2022 11:38 AM PDT
- Mridul Gogoi
Global chip stocks plunge after Micron’s (MU) poor forecast, waning demand
- July 01, 2022 11:38 AM PDT | Mridul Gogoi
Micron Technology announces a worse than expected forecast for this quarter. It sends global chips stocks plunging on Friday.
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US first-quarter GDP revised down to 1.6%
- June 29, 2022 11:32 AM PDT | Mridul Gogoi
According to government data published on Wednesday, the US economy contracted more than estimated.
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South Korea's LGES reconsiders US$1.3 bn Arizona plant investment
- June 29, 2022 08:11 AM PDT | Mridul Gogoi
LGES, a S. Korean company backtracks its investment plan for plant in Arizona.
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Siemens to acquire US software firm Brightly for US$1.58 billion
- June 27, 2022 12:35 PM PDT | Mridul Gogoi
Siemens to buy US tech company Brightly Software to expand its SAAS initiative.
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Taiwan’s GlobalWafers to build US$5-billion silicon factory in Texas
- June 27, 2022 09:36 AM PDT | Mridul Gogoi
Taiwan-based company GlobalWafers to set up new factory in US.
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Global food transportation linked to high greenhouse gas emissions
- June 26, 2022 01:23 PM PDT | Mridul Gogoi
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
- June 24, 2022 11:23 AM PDT | Mridul Gogoi
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
- June 23, 2022 07:47 AM PDT | Mridul Gogoi
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'
- June 22, 2022 12:45 PM PDT | Mridul Gogoi
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
- June 21, 2022 11:09 AM PDT | Aditi Sarkar
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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