World
Latest US strike on China’s chips hits semiconductor toolmakers
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including […]
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U.S. proposes a $7.54 billion loan to Stellantis and Samsung SDI battery joint venture
The US Department of Energy building is seen in Washington, DC, on July 22, 2019. ALASTAIR PIKE | AFP | Getty Images The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants […]
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Super Micro Computer pops 20% after special committee finds no ‘evidence of misconduct’
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer surged more than 20% after a special committee ruled that it found “no evidence of misconduct” at the embattled AI server maker, and appointed a new […]
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Ireland’s election delivers pro-business continuity despite voter discontent
Ballot papers are counted at the Dublin RDS centre, in Dublin, on December 1, 2024, on the second day of counting ballots in the Irish General Election. Ben Stansall | Afp | Getty Images Ireland’s election looks set to have secured victory for the incumbent center-right parties which have dominated the country’s politics for nearly […]
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Intel CEO Pat Gelsinger is out, stock up 5%
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. I-Hwa Cheng | AFP | Getty Images Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year leadership tenure at what was once America’s […]
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Negotiate on the budget or we’ll bring you down, France’s far right tells government
President of Rassemblement National parliamentary group Marine Le Pen (L) speaks to French far-right Rassemblement National (National Rally) RN party’s President and lead MEP Jordan Bardella during the French far-right Rassemblement National (National Rally) RN party’s parliamentary seminar at the French National Assembly in Paris on September 14, 2024. Ludovic Marin | Afp | Getty […]
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Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Striking Volkswagen workers gather outside the Volkswagen factory on December 2, 2024 in Emden, Germany. Julian Stratenschulte| Getty Images News | Getty Images Volkswagen workers across Germany stopped work on Monday as the conflict between the German automotive giant and its employees over changes to labor agreements and potential factory closures escalated. Nine of Volkswagen’s […]
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Norway hits pause on controversial deep-sea mining plans
Norway’s Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Thomas Fure | Afp | Getty Images Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. […]
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Britain’s Supreme buys Typhoo Tea out of administration
UK, Essex, Harlow, senior man holding a cup of tea whilst sitting on his garden patio in the morning. Gary Yeowell | Digitalvision | Getty Images Britain’s Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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