Vietnam’s northern province of Bac Giang, home to suppliers for Apple Inc. and other global electronics companies, promises daytime power to factories as blackouts sweep across the country.
The Biden administration is tapping an official from Pennsylvania State University to head its new semiconductor research and development program as its builds out the leadership team for a $52 billion plan to bolster US economic and national security.
The roaring rally in tech stocks has further to go, as the buzz around artificial intelligence and hopes for a pause in the Federal Reserve’s rate hikes give them an edge, according to Citigroup Inc. quantitative strategists.
Taiwan Semiconductor Manufacturing Co. tempered its outlook for 2023 capital spending, as the main chipmaker to Apple Inc. grapples with soft demand for smartphone and computing chips.
Consumer expectations for euro-zone inflation eased significantly in April, adding to the case for the European Central Bank’s historic ramp-up in interest rates to conclude this summer.
Chinese authorities asked the nation’s biggest banks to lower their deposit rates for at least the second time in less than a year, according to people familiar with the matter, marking an escalated effort to boost the world’s second-largest economy.
SSE Plc was fined about £9.8 million ($12.2 million) after the UK’s energy regulator found it received “excessive payments” to lower generation at a Scottish hydropower plant.
Australia’s central bank surprised investors for a second straight month with an interest-rate increase that suggested it’s worried about inflation expectations becoming unmoored if policy isn’t tightened further.
Investors are looking anew at Egypt’s bonds after signs of progress in its plans to sell state assets.
Deutsche Bank AG’s asset manager DWS Group will let staff work outside Germany for almost four weeks a year, as part of its effort to retain staff used to pandemic-era work flexibility.
