China's largest chipmaker SMIC is now the No. 3 foundry in the world, Counterpoint says
China's largest chipmaker SMIC is now the world's third-largest foundry in terms of revenue in the first quarter, according to Counterpoint Research.
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Boeing mishaps, Singapore Airlines turbulence spark flight safety jitters
A spate of high-profile airline accidents this year have left a lasting impression on the public.
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates.
Stocks fall despite Nvidia boost as inflation concerns weigh
NEW YORK (Reuters) -- U.S. stocks ended lower on Thursday, even as a strong revenue forecast for Nvidia fueled a surge in its shares, but that was overshadowed by economic data showing inflation was still a concern that could delay any Federal Reserve rate cuts.
New Caledonia riots: France’s Emmanuel Macron delays voting reform, TikTok ban stays
French President Emmanuel Macron said on Thursday after a day of talks in New Caledonia that he would delay a voting reform that had triggered deadly riots on the French-ruled Pacific island, and try to seek a new political agreement.
Taylor Swift buoys Singapore GDP to 2.7% Q1 growth
SINGAPORE -- Singapore on Thursday reported year-on-year growth of 2.7% for the first quarter of this year, with the figure coming in exactly as forecast thanks to a hot tourism sector ignited by American pop star Taylor Swift's concerts in the city-state.
Yen weakens to 157 against dollar, touching 3-week low
TOKYO -- The yen weakened past 157 yen to the dollar on Thursday, reaching a three-week low after a U.S. purchasing managers index showed accelerated business activity.