By Karen Freifeld and Fanny Potkin (Reuters) – Taiwan Semiconductor Manufacturing Company has halted shipments to China-based chip designer Sophgo after a chip it produced was discovered on a Huawei AI processor, according to two sources familiar with the situation. Sophgo had ordered chips from TSMC that matched the one found on Huawei’s Ascend 910B, … Read more
China’s industrial profits took a sharp nosedive in September, marking the largest monthly decline of the year, according to official data released on Sunday. The profits plummeted by 27.1% compared to the same period last year, following a 17.8% drop in August. In the first nine months of the year, earnings fell by 3.5%, a … Read more
On Saturday, a tragic accident occurred in Mexico’s central state of Zacatecas, resulting in the death of nineteen people and injuring six others. The incident took place in the early morning hours when a bus carrying the victims collided with the back of a tractor-trailer transporting corn that had become detached. Initially, Zacatecas Governor David … Read more
Italian police have placed four individuals under house arrest as part of an investigation into alleged unauthorized access to state databases by a private intelligence agency operated by a former police officer, a source familiar with the situation informed Reuters. The source mentioned that Leonardo Maria Del Vecchio, the son of the late billionaire Leonardo … Read more
“ Michelle Obama will join Democratic presidential nominee Kamala Harris in Michigan on Saturday for her first public campaign event of the U.S. election. Meanwhile, Republican candidate Donald Trump will hold his own rally in the battleground state. Michigan, with its 8.4 million registered voters and 15 electoral college votes, is one of seven competitive … Read more
APIA (Reuters) – Commonwealth members have chosen Shirley Ayorkor Botchwey as the new secretary-general of the 56-nation organization led by Britain’s King Charles, the Commonwealth announced on the final day of a summit in Samoa attended by Charles and Queen Camilla. Representatives from the member countries, most of which have historical ties to the British … Read more
By Trevor Hunnicutt, Gabriella Borter and Georgina McCartney Kamala Harris and Donald Trump made unexpected stops in Texas, a traditionally conservative state, as part of their campaign trail. Texas, which hasn’t supported a Democratic president since 1976, is almost certain to give its 40 electoral college votes to Republican Trump. However, Democrats see Texas as … Read more
By Parisa Hafezi and Emily Rose In response to Tehran’s attacks on Israel earlier this month, Israel stated that it targeted military sites in Iran early on Saturday, marking the latest development in the escalating conflict between the two nations. According to Iranian media reports, there were multiple explosions in the capital and at nearby … Read more
UBS Global Wealth Management has upgraded its view on global equities from “neutral” to “attractive”, citing several factors such as resilient U.S. economic growth, monetary policy easing by major central banks, and an artificial intelligence (AI) boom. The analysts at UBS expressed confidence in the economic growth, stating that central banks have been proactive in … Read more
Australian flag carrier Qantas Airways has raised its revenue expectations for its domestic operations in the first half of the financial year. The airline is now anticipating a 3% to 5% increase in revenue per available seat kilometre for its local business, up from the previously forecasted 2% to 4%. Additionally, Qantas expects domestic capacity … Read more