- November 25th, 2024
Taiwan's TSMC pauses shipments to chip designer Sophgo following discovery of its chip in Huawei's AI processor, intensifying scrutiny over U.S. export restrictions. Taiwan Semiconductor Manufacturing Company (TSMC) has suspended shipments to the Chinese chip design firm Sophgo. This action...
Industrial profits in China saw a significant drop in September, declining at an accelerated rate compared to the previous month. According to data released by China’s National Bureau of Statistics (NBS) on Sunday, large industrial firms reported a 27.1% decline...
The corporate investment landscape, Microsoft, valued at over $3 trillion, has been thrust into discussions about potentially investing in bitcoin. According to a new filing with the U.S. Securities and Exchange Commission (SEC), the technology giant will be evaluating a...
Spirit Airlines Implements Bold Measures to Combat Financial Struggles, Boosting Investor Confidence
In a sweeping move to regain financial stability and ensure long-term operational viability, Spirit Airlines (NYSE: SAVE) announced a significant restructuring plan on October 24, encompassing asset sales, job cuts, and substantial cost reductions. The airline, known for its ultra-low-cost...
After months of declines, truckload contract rates see minor growth, signaling shifts in the freight market landscape despite ample capacity. The surface transportation industry, the average dry van truckload contract rate has shown a slight upward trend of +1.2% over...
During a recent high-stakes meeting in Washington, D.C., China raised serious concerns regarding U.S. tariffs and sanctions linked to Russia, warning that these measures could intensify economic frictions between the world’s two largest economies. China’s Vice Minister of Finance, Liao...
The Philippine peso could be on course to retest its record low of 59 against the U.S. dollar, driven by escalating geopolitical concerns and uncertainties surrounding the upcoming U.S. election, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. warned...
The energy and tech sectors, mega-cap technology companies like Amazon, Microsoft, and Alphabet are betting big on nuclear power. As the demand for clean energy rises and the soaring power needs of artificial intelligence (AI) data centers become critical, these...
With the U.S. presidential election on the horizon, global investors are carefully navigating the longstanding trade tensions between the United States and China, focusing on the implications of a potential shift in U.S. policy. Whether the next U.S. president is...
Morocco plans to ease its current exchange rate regime starting in 2026, marking a return to gradual currency reform efforts that were postponed due to the economic fallout from the COVID-19 pandemic. The announcement came from Abdellatif Jouahri, Governor of...
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