business news
Intel plans to make chips for Taiwan’s MediaTek to keep up with Asian manufacturing rivals
Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Intel will manufacture semiconductors for Taiwan’s MediaTek, giving the U.S. company a big boost for its contract chipmaking business. MediaTek is one of the biggest suppliers of smartphone processers […]
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Germany fears ‘serious’ situation as Russian gas flows are set to dwindle; Ukraine looks to resume grain exports
Ukraine’s economy has seen a sharp decline due to Russia’s war, says top aide A view of damage after market place hit by Russian attacks as Russia-Ukraine War continues in Bakhmut, Donetsk Oblast, Ukraine on July 25, 2022. Metin Atkas| Anadolu Agency | Getty Images Russia’s assault on Ukraine has taken a significant toll on […]
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Surging temperatures are good for solar panels, right? The answer is: It’s complicated
This image, from May 2022, shows solar panels in Worcestershire, England. The recent hot weather in the U.K. has led to a discussion about the optimum conditions for solar power. Mike Kemp | In Pictures | Getty Images Last week saw temperatures in the U.K. surge, with highs of over 40 degrees Celsius (104 degrees […]
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Alibaba pops 6% after announcing plans for a dual primary listing in Hong Kong
Alibaba’s Hong Kong-listed stock jumped as much as 6% on Tuesday after the company said it will apply for a dual primary listing in Hong Kong. Kuang Da | Jiemian News | Visual China Group | Getty Images Alibaba’s Hong Kong-listed stock jumped 6% on Tuesday after the Chinese tech giant said it will apply […]
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Countries are not doing enough to contain monkeypox outbreak, epidemiologist says
There are grave concerns that the U.S. and other countries are not doing enough to contain monkeypox from becoming a large scale global outbreak, according to an infectious disease epidemiologist. Over the weekend, the World Health Organization activated its highest alert level for the virus, labeling monkeypox a public health emergency of international concern. The […]
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These are the cheapest — and most expensive — cities in Europe to visit this year
It may seem paradoxical, but a trip to Europe may be a way to save money on travel this year. Amid a global scramble to find ways to save money while traveling, hotel rates dropped in many European cities. Average airfares originating from the United States are also down, according to travel specialists. Another boon […]
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Company called META that claims Facebook stole its name is suing for infringement
Imagine waking up to find that the name of the business you created more than a decade ago has been suddenly hijacked by one of the most powerful companies in the world. That’s what Justin Bolognino says happened to him, when Facebook rebranded itself as Meta last year. His small business is called META — […]
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Sisters Kylie Jenner and Kim Kardashian urge Instagram to stop copying TikTok
Kylie Jenner on May 03, 2019 in New York City. Pierre Suu | GC images | Getty Images Celebrity sisters Kylie Jenner and Kim Kardashian criticized Instagram on Monday, urging the app to stop mimicking rival TikTok. To their hundreds of millions of Instagram followers, Jenner and Kardashian posted a message that read, “Make Instagram […]
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Cramer’s lightning round: BHP Group is not a buy
Prudential Financial Inc: “The best insurer’s Chubb, and that stock keeps going down. So as far as I’m concerned, we’ve got to stay away from the insurers.” Arbor Realty Trust Inc: “I tend to be against these companies. … Real estate finance is just a dicey business.” BHP Group Ltd: “We do not buy a […]
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NYSE president says the appeal of the public market has ‘never been more alive and well’
Companies are eager to go public but are holding back due to the uncertainty in the market, NYSE President Lynn Martin told CNBC’s Jim Cramer on Monday. “It’s on pause. The reason it’s on pause is because of all the volatility that you see in the market. But you know, the companies that I talk […]
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