Shares of Samsung Electronics rallied on Tuesday, joining its bigger rival TSMC, driven by growing expectations that the chipmakers may benefit from Intel Corp’s plan to outsource more chip manufacturing. SEOUL: Shares of Samsung Electronics rallied on Tuesday, joining its bigger rival TSMC, driven by growing expectations that the chipmakers […]
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TOKYO: The United States has awarded a US$265 million contract to a Texas facility of Japan’s Fujifilm Holdings to step up production of a coronavirus vaccine candidate, President Donald Trump said. Trump made the announcement on Monday (Jul 27), as he toured another Fujifilm facility in North Carolina. The order […]
Gold rocketed to record peaks at US$1,975 on Tuesday while the U.S. dollar plumbed two-year lows as investors wagered the Federal Reserve would reaffirm its super-easy policy outlook this week, and a tolerance for higher inflation. SYDNEY: Gold hurtled to record peaks on Tuesday before the sheer scale of its […]
Italy’s government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters. ROME: Italy’s government is studying a plan to create […]
Brazil’s antitrust watchdog is asking Facebook Inc to explain the fee structure for its short-lived payments service launched in June in partnership with card processor Cielo SA, according to a document seen by Reuters. BRASILIA: Brazil’s antitrust watchdog is asking Facebook Inc to explain the fee structure for its short-lived […]
Hyundai Motor Co, an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now’s it’s going on the offensive in the battery-powered market led by its U.S. rival. SEOUL: Hyundai Motor Co, an early backer of hydrogen cars, has watched the electric […]
OTTAWA: Lawyers for Huawei executive Meng Wanzhou on Monday (Jul 27) demanded the release of unredacted Canadian spy service documents they say would reveal a plot between the FBI and Canada to “trick” their client. Meng, the Chinese telecom giant’s chief financial officer, was arrested on a US warrant in […]
Intel Corp’s Chief Engineering Officer Murthy Renduchintala is departing, part of a move in which a key technology unit will be separated into five teams, the chipmaker said on Monday. REUTERS: Intel Corp’s Chief Engineering Officer Murthy Renduchintala is departing, part of a move in which a key technology unit […]
TOKYO: Off a narrow corridor above a store selling Persian rugs in central Tokyo, a small office houses a private operation that won a tender in April to distribute more than US$20 billion in government aid to businesses hit by the coronavirus. The agency, the Service Design Engineering Council, actually […]
In times of trouble, countries coming together to formalise trade are doing the right thing, says one observer. CHRISTCHURCH: Did anyone notice that the United States–Mexico–Canada Agreement (USMCA), the revised North American Free Trade Agreement (NAFTA), entered into force on Jul 1? If not, do not be too concerned, as […]