Taiwanese chipmaking giant TSMC’s plan to invest $100 billion in the United States was a “historic moment” for Taiwan-US ties, the island’s President Lai Ching-te said on Thursday. TSMC, which counts Apple and Nvidia among its clients, announced the plan this week after US President Donald Trump threatened to impose tariffs on overseas-made chips.It will take …
Taiwan says TSMC investment ‘historic moment’ for US ties Read More »
The shock entrance of DeepSeek in the race to develop advanced artificial intelligence has put the world on notice as to China’s innovation prowess, a high-ranking Beijing official said Thursday.The startup released a new version of its AI chatbot in January, sending shockwaves across global markets.DeepSeek wowed industry insiders with its apparent ability to rival …
DeepSeek success shows China’s ‘ability to innovate’: official Read More »
The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit.The announcements are the latest twist in a saga that began last year, when Seven & i rebuffed a takeover offer worth …
7-Eleven owner seeks to fend off takeover with buyback, US IPO Read More »
The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit.The announcements are the latest twist in a saga that began last year, when Seven & i rebuffed a takeover offer worth …
7-Eleven owner seeks to fend off takeover with buyback, US IPO Read More »
Global sea ice cover reached a historic low in February, Europe’s climate monitor said Thursday, with temperatures spiking up to 11C above average near the North Pole as the world continued its persistent heat streak.Copernicus Climate Change Service said last month was the third hottest February, with planet-heating greenhouse gas emissions stoking global temperatures.That helped …
Global sea ice cover hits record low in February as world continues hot streak Read More »
Asian markets climbed on Thursday after US President Donald Trump announced a one-month tariff delay on auto imports from Mexico and Canada.The White House announced Wednesday an exemption on any autos coming through the North American neighbours’ free trade pact, after Trump held talks with the “Big Three” US automakers — Stellantis, Ford and General …
Asian markets rise on Trump auto tariff reprieve Read More »
Automakers received temporary reprieve Wednesday from US President Donald Trump’s tariffs targeting Canada and Mexico, as concerns mounted over consumer impacts and talks with Canadian Prime Minister Justin Trudeau yielded no immediate breakthrough.Following discussions with the “Big Three” US automakers — Stellantis, Ford and General Motors — Trump decided to “give a one-month exemption on …
Trump pauses tariffs for autos as Trudeau call yields no breakthrough Read More »
Global stocks rallied on Wednesday, buoyed by Germany’s plan to massively boost spending on defense and a move by the White House to pause tariffs on auto imports from Mexico and Canada.In European trading, Frankfurt surged 3.4 percent after the likely next chancellor, Friedrich Merz, announced the spending plans in the hope of also reviving Europe’s …
Global stocks rally on German defense push, US pause on auto tariffs Read More »
For decades, Mexico’s industrial borderlands boomed thanks to growing trade with the world’s largest economy next door. Today, US tariffs cast a long shadow over a region home to thousands of factories employing armies of workers.Lower labor costs, tax incentives and a North American free trade pact dating back more than 30 years have long …
Trump tariffs reverberate through Mexico’s industrial belt Read More »
Automakers received a temporary reprieve Wednesday from US President Donald Trump’s tariffs targeting Canada and Mexico, as concerns mounted over consumer impacts and talks with Canadian Prime Minister Justin Trudeau yielded no immediate breakthrough.Following talks with the “Big Three” US automakers — Stellantis, Ford and General Motors — Trump decided to “give a one-month exemption …
Trump suspends tariffs for autos as Trudeau call yields no breakthrough Read More »
