Taiwan's TSMC to invest $2.9 billion in new plant as demand for AI chips soars
TSMC, the world's largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products.
2023-07-25 16:51
Euro zone firms slash loan demand to lowest on record: ECB poll
FRANKFURT Euro zone firms' demand for loans dropped to the lowest on record last quarter and a further
2023-07-25 16:23
Indonesia central bank keeps rates unchanged, as expected
JAKARTA Indonesia's central bank held its key policy rates steady for the sixth straight review on Tuesday, saying
2023-07-25 15:45
Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla
JAKARTA Indonesia is finalising a new set of incentives to attract investment from manufacturers of electric vehicles (EVs),
2023-07-25 11:55
UBS hit with $387 million in fines for 'misconduct' by Credit Suisse in Archegos dealings
UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival.
2023-07-25 05:53
FedEx pilots reject 30% pay hike proposal, but a strike isn't imminent
Pilots for FedEx have rejected a tentative labor deal. But that doesn't mean they're about to walk off the job just as UPS is threatened with its own strike by 340,000 drivers and other hourly ground workers.
2023-07-25 05:47
In 'Barbie,' 'Oppenheimer' smash success, audiences send message to Hollywood: Give us something new
In the massive movie weekend of “Barbie” and “Oppenheimer,” there were many winners
2023-07-25 05:19
Strong leftover Yeezy sales could reduce Adidas' expected operating loss
Strong sales of leftover Yeezy inventory is helping Adidas recoup some of its losses.
2023-07-25 04:46
Taxpayers don't have to worry about unannounced visits from the IRS anymore
Americans no longer have to fear the Internal Revenue Service showing up unannounced at their door.
2023-07-25 03:56
The new 'private jet'-style airline set to fly to Maldives
Beond is a new all-business class airline to Maldives, based in capital Malé. Launching from Dubai and Delhi, with plans to expand to Europe, it promises lie-flat beds and a "private jet" experience.
2023-07-25 02:56
Domino's is still struggling with delivery. One solution? More cars
Domino's is still suffering declines in its delivery business. One solution? More cars.
2023-07-25 02:55
New EV battery plant fuels labor tensions as UAW strike looms
Stellantis and Samsung SDI announced plans Monday for another EV battery plant joint venture to open in 2027. But the announcement could make it more difficult to avoid a strike at Stellantis' existing US plants this fall.
2023-07-25 02:53