Month: March 2022
Apple supplier Foxconn says it has resumed some production in Shenzhen after Covid outbreak
Foxconn employees on the assembly line in Longhua, Shenzhen, China. The company reportedly employed students working overtime at its iPhone factory in Zhengzhou. Qilai Shen | Bloomberg | Getty Images Foxconn, a major assembler of Apple’s iPhones, announced Wednesday that it has partially resumed production in Shenzhen, a Chinese manufacturing hub. The company said earlier […]
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Intel commits $36 billion to making chips in Europe
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, Feb. 3, 2022. David Paul Morris | Bloomberg | Getty Images Intel announced Tuesday that it plans to invest over 33 billion euros ($36 billion) into boosting chipmaking across the European Union […]
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China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks sent the stocks plunging in […]
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Vaccine inequity will cost the world trillions of dollars, WHO Foundation warns
The CEO of the WHO Foundation has told CNBC that the global economy will lose “trillions of dollars” if more Covid-19 vaccines aren’t delivered worldwide. Anil Soni, who became the Foundation’s first CEO in January 2021, said “the governments of Europe and the West have a clear obligation to donate excess doses and to put […]
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Anonymous declared a ‘cyber war’ against Russia. Here are the results
Though a flood of claims by hacking groups followed Russia’s invasion of Ukraine, one study shows most made by Anonymous check out. Nurphoto | Nurphoto | Getty Images More than three weeks ago, a popular Twitter account named “Anonymous” declared that the shadowy activist group was waging a “cyber war” against Russia. Since then, the […]
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Biden heading to Brussels for NATO meeting; two Fox News journalists killed in Ukraine
Tue, Mar 15 202211:18 PM EDT Russia military ‘struggling’ to conduct operations as losses mount Russia is transferring troops to Ukraine from as far away as its Pacific Fleet and is recruiting more mercenaries as it tries to replace lost personnel, according to an assessment from the U.K. Defence Ministry. “As a result of these […]
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Theranos saga returns to courtroom as Holmes’ top deputy Balwani set for criminal trial
Sunny Balwani, former president and chief operating officer of Theranos Inc., leaves federal court in San Jose, California, Oct. 2, 2019. Michael Short | Bloomberg | Getty Images He was the man behind the lab curtain at blood-testing start-up Theranos. Now he takes center stage in his own criminal fraud case. Opening arguments in the […]
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How Hong Kong went from ‘zero-Covid’ to the world’s highest death rate
Healthcare workers wearing personal protective equipment transfer a patient from an ambulance to the emergency department as the body of a deceased patient arrives at an adjacent mortuary at the Queen Elizabeth Hospital in Hong Kong, China, on Tuesday, March 8, 2022. Lam Yik | Bloomberg | Getty Images Hong Kong’s worst outbreak of the pandemic didn’t […]
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Biden signs government funding bill that includes $13.6 billion in Ukraine aid
U.S. President Joe Biden, center, signs H.R. 2471, the “Consolidated Appropriations Act, 2022,” in the Indian Treaty Room of the White House in Washington, D.C., on Tuesday, March 15, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden on Tuesday signed a $1.5 trillion bill that funds federal operations through September and sends […]
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Here’s everything the Federal Reserve is expected to do at its meeting this week
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, March 2, 2022. Stefani Reynolds | AFP | Getty Images The Federal Reserve this week faces the monumental challenge of starting to undo its massive economic help at a time when conditions are […]
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