TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government scrutiny Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID cases in China, and … Read more

Elon Musk says around 100 Starlinks now active in Iran

Elon Musk says around 100 Starlinks now active in Iran

Dec 26 (Reuters) – SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm’s satellite internet service, in Iran, three months after he tweeted he would activate the service there amid protests around the Islamic country. Musk said, “approaching 100 starlinks active in Iran”, … Read more

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla slumps on report of reduced output plan China ADRs rise on reopening optimism Indexes mixed: Dow up 0.40%, S&P down 0.11%, Nasdaq down 0.80% Dec 27 (Reuters) – The tech-heavy Nasdaq came under pressure on Tuesday following declines in some megacap growth stocks and Tesla, while optimism around an economic recovery in China after … Read more

Apple Japan hit with $98 mln in back taxes- Nikkei

Apple Japan hit with $98 mln in back taxes- Nikkei

TOKYO, Dec 27 (Reuters) – Apple Inc’s (AAPL.O) Japan unit is being charged 13 billion yen ($98 million) in additional taxes for bulk sales of iPhones and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax, the Nikkei newspaper said. Citing unidentified sources, the Nikkei reported on Tuesday that bulk … Read more

Iran reroutes plane carrying soccer star’s wife, blames UK over unrest

Iran reroutes plane carrying soccer star’s wife, blames UK over unrest

DUBAI, Dec 26 (Reuters) – Iranian authorities rerouted a flight bound for Dubai on Monday and prevented the wife and daughter of former national soccer team captain Ali Daei, who has supported anti-government protests, from leaving the country, state media reported. Amid a concerted clampdown, Tehran also said the arrests in Iran of citizens linked … Read more

China races to install hospital beds as COVID surge sparks concern abroad

China races to install hospital beds as COVID surge sparks concern abroad

Authorities rush to add hospital beds, build fever clinics U.S. raises concerns over possibility of COVID mutations Beijing reports five more deaths on Tuesday Security tight at crematoriums amid doubts over death toll BEIJING/WASHINGTON, Dec 20 (Reuters) – Cities across China scrambled to install hospital beds and build fever screening clinics on Tuesday as the … Read more

Wall Street falls fourth straight day as recession worries nag

Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street equities closed lower on Monday for a fourth straight session with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve’s tightening campaign could push the U.S. economy into a recession. The three major U.S. stock indexes have been pressured since Wednesday, when Fed Chair … Read more

China reports first COVID deaths in weeks as doubts gather over official count

China reports first COVID deaths in weeks as doubts gather over official count

Beijing reports two deaths, first since Dec. 3 Comes after Beijing relaxed anti-virus controls Citizens, analysts question official figures Virus surge weighs on world’s second economy BEIJING, Dec 19 (Reuters) – China reported its first COVID-related deaths in weeks on Monday amid rising doubts over whether the official count was capturing the full toll of … Read more

Fog-shrouded Kyiv recovers after Russia strikes, power restored to 6 million

Fog-shrouded Kyiv recovers after Russia strikes, power restored to 6 million

KYIV, Dec 17 (Reuters) – Basic services were being restored in Ukraine’s capital Kyiv on Saturday after the latest wave of Russian air strikes on critical infrastructure, as residents navigated a city gripped by fog and girded for a holiday season marked by uncertainty. Mayor Vitali Klitschko said a quarter of Kyiv remained without heating … Read more