Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production
Taiwanese chip giant will build third facility in Arizona as part of $65bn investment in the US.
Category Archives: Economy
Paddy Cosgrave returns to Web Summit after resigning over Israel criticism
Cosgrave resigned as CEO in October after backlash to post accusing Israel of committing war crimes in Gaza.
At Indonesia’s biggest bank, customers’ savings can vanish with a click
Indonesians robbed of their savings in cyber scams report little relief from banks or authorities.
Thailand’s economy stumbles as Philippines, Vietnam, Indonesia race ahead
Thai economy is falling far behind its Southeast Asian peers amid growing middle-income trap fears.
OpenAI debuts voice cloning tool, but deems it too risky for public release
ChatGPT creator says Voice Engine can replicate a person’s voice based on a 15-second audio sample.
South Korean bus drivers return to work after strike causes rush-hour chaos
Seoul Bus Labor Union agrees to 4.48 percent wage rise to return to work.
US stock market hits record high after three-day lull
S&P 500 rises 0.9 percent as major players including Apple and Tesla see gains.
Economic conditions in debt-stricken Sri Lanka improving, IMF says
IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023.
Social media company Reddit soars to $9bn valuation in Wall Street debut
San Francisco-based social media platform's shares close at $50.44 in long-awaited initial public offering.
Malaysia welcomes Chinese tourists back in droves after pandemic slump
Kuala Lumpur targets record 5 million Chinese visitors in 2024 as it hopes to accelerate post-pandemic recovery.
In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks
Boycotts over the Gaza war are hitting big brands in Southeast Asia despite local owners denying links to Israel.
Bank of Japan scraps negative interest rate in first hike in 17 years
Japan's central bank begins unwinding one of the world's most aggressive monetary easing programmes.
Elon Musk defends using prescribed ketamine for ‘negative frame of mind’
Tesla CEO dismisses suggestion his drug use could influence the perceptions of investors.
Tech giant Nvidia unveils higher performing ‘superchips’ to power AI
Nvidia CEO Jensen Huang tells developers conference that computing is advancing at an 'insane' rate.
After success of BTS and Parasite, South Korea woos digital nomads
Critics say the criteria for new digital nomad visa are too stringent to attract remote workers in large numbers.
Uber pays $178m to settle lawsuit with taxi drivers in Australia
Law firm behind class action says outcome among most successful legal actions ever taken against the ride-sharing giant.
As Putin eyes sure reelection, Russia’s economy defies sanctions, critics
Russian president's all but guaranteed fifth term in power comes as economy has outperformed expectations.
Japan’s Nissan, Honda to study partnership on EVs amid Chinese dominance
Japanese carmakers have struggled to keep up with their Chinese rivals in the fast-growing EV market.
Biden opposes Japanese takeover of US Steel, touts ‘American steelworkers’
US president's remarks come as he is seeking to shore up support in key swing state of Pennsylvania.
Boeing whistleblower John Barnett found dead
Coroner's office in US state of South Carolina says 62-year-old former Boeing employee died on Saturday.