Foxconn unit to sell stake in Chinese chip firm Unigroup

Foxconn unit to sell stake in Chinese chip firm Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to … Read more

U.S. lawmakers unveil bipartisan bid to ban China’s TikTok

U.S. lawmakers unveil bipartisan bid to ban China’s TikTok

WASHINGTON, Dec 13 (Reuters) – Republican Senator Marco Rubio on Tuesday announced bipartisan legislation to ban China’s popular social media app TikTok, ratcheting up pressure on owner ByteDance Ltd amid U.S. fears the app could be used to spy on Americans and censure content. The legislation would block all transactions from any social media company … Read more

Microsoft to buy 4% stake in London Stock Exchange

Microsoft to buy 4% stake in London Stock Exchange

Dec 12 (Reuters) – Microsoft (MSFT.O) is to take a 4% equity stake in London Stock Exchange Group (LSEG.L) as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. It is the latest sign of deepening ties between financial services providers and … Read more

France, Germany, Spain agree on moving on with FCAS warplane development – Berlin

France, Germany, Spain agree on moving on with FCAS warplane development – Berlin

BERLIN/PARIS, Nov 18 (Reuters) – France, Germany and Spain have reached agreement on starting the next phase of development of a new fighter jet dubbed FCAS, Europe’s largest defence project at an estimated cost of more than 100 billion euros($103.4 billion), the German government said on Friday. The Defence Ministry said in a statement that … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Wall Street ends lower as Fed worries outweigh earnings

Wall Street ends lower as Fed worries outweigh earnings

IBM up as it sees higher full-year sales Tesla expects to miss vehicle delivery target this year AT&T raises annual profit forecast Dow down 0.3%, S&P 500 down 0.80%, Nasdaq down 0.61% NEW YORK, Oct 20 (Reuters) – U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. … Read more

U.S. to release oil reserves as Biden tackles high pump prices

U.S. to release oil reserves as Biden tackles high pump prices

WASHINGTON, Oct 19 (Reuters) – U.S. President Joe Biden announced a plan on Wednesday to sell 15 million barrels of crude oil from the nation’s emergency supply and begin refilling the reserve as he tries to dampen high gasoline prices ahead of midterm elections on Nov. 8. The move came two weeks after the Saudi … Read more

Trump staffers not returning White House records, National Archives says

Trump staffers not returning White House records, National Archives says

WASHINGTON, Oct 2 (Reuters) – Former President Donald Trump’s administration has not turned over all presidential records and the National Archives will consult with the Justice Department on whether to move to get them back, the agency has told Congress. A congressional panel on Sept. 13 sought an urgent review by the National Archives and … Read more

Traffic, water shortages, now floods: the slow death of India’s tech hub?

Traffic, water shortages, now floods: the slow death of India’s tech hub?

Much of Bengaluru submerged in recent flooding Residents forced to wade through waist-deep water Disruptions raise questions about city’s future as tech hub Authorities vow to act, but extreme weather may complicate plans BENGALURU, Sept 15 (Reuters) – Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, … Read more

U.S. lawmakers ask National Archives for accounting of Trump records

U.S. lawmakers ask National Archives for accounting of Trump records

Former U.S. President Donald Trump attends a rally in Wilkes-Barre, Pennsylvania, U.S., September 3, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 13 (Reuters) – A congressional panel on Tuesday sought an urgent review by the U.S. National Archives after agency staff members acknowledged that they did not … Read more