Japan’s economy has defied expectations, recording a 2.8% growth in GDP for the fourth quarter of 2024. This positive performance is attributed to a combination of factors, including a surge in domestic consumption, a recovery in the tourism sector, and strong demand for Japanese exports. The weaker yen has also made Japanese goods more attractive […]
In a significant move to address economic concerns and strengthen confidence in China’s private sector, President Xi Jinping met with top business leaders, including Alibaba’s Jack Ma, at a high-profile symposium in Beijing. The meeting, held at the Great Hall of the People, comes at a time when China is facing an economic slowdown and […]
Gold prices soared to a new all-time high this week, reaching $2,500 per ounce as investors sought refuge from inflation and geopolitical uncertainty. The precious metal’s rally has been fueled by a combination of factors, including central bank buying, a weaker US dollar, and fears of a global economic slowdown. “Gold’s performance reflects the current […]
President Donald Trump has proposed new tariffs on auto imports as part of his ongoing efforts to strengthen US manufacturing. The tariffs, which would target vehicles and parts from countries like China, Mexico, and Germany, aim to protect American automakers and workers from foreign competition. In a recent statement, Trump argued that the tariffs are […]
TSMC is reportedly considering a deal to operate Intel’s US-based semiconductor factories, following a request from former President Donald Trump’s team. The move is part of a broader effort to strengthen domestic chip production and reduce reliance on foreign supply chains. Intel, which has faced challenges in advanced chip manufacturing, could benefit from TSMC’s expertise […]
Taiwan’s National Science and Technology Council has pushed back against former U.S. President Donald Trump’s criticism of the island’s role in the semiconductor industry, emphasizing the importance of fair trade policies and global partnerships. Taiwan Responds to Trump’s Comments Trump recently claimed that Taiwan “took over” the semiconductor industry and reiterated his push to bring […]
The stock market experienced a historic surge today, with the S&P 500 and Nasdaq Composite reaching all-time highs. The tech sector led the charge, with companies like Apple, Microsoft, and NVIDIA posting significant gains. The Federal Reserve’s decision to hold interest rates steady added to investor confidence, while strong economic data, including declining inflation and […]
Telefonica is reportedly planning to sell its Mexican business, hiring JPMorgan to oversee the transaction, according to Spanish newspaper Cinco Dias. The sale is expected to be finalized before the company’s annual shareholders meeting in April or May. This move is part of Telefonica’s broader strategy to divest assets in Latin America, including the sale of […]
Dubai is set to welcome a groundbreaking transportation solution with the signing of a preliminary agreement between Elon Musk’s The Boring Company and the city’s Road and Transport Authority (RTA). The Dubai Loop, a 17-kilometer (10.6-mile) underground high-speed transport network, aims to tackle traffic congestion in the emirate’s busiest areas. The project’s initial phase will […]
Sony Group shares surged as much as 10.7% on Friday, driven by strong performance in its gaming division. The company sold 9.5 million PlayStation 5 units in the December quarter, up from 8.2 million in the same period last year, bringing lifetime sales of the PS5 to 74.9 million units. Operating profit in Sony’s gaming […]