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China’s president will unveil a megaport in Peru, but locals say they’re being left out

A remote fishing town on the edge of Peru’s coastal desert is the site for a $1.3 billion megaport majority-owned by the Chinese shipping giant Cosco.




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Kia sees near-term market challenges but sticks to 1.6 mln annual EV sales target by 2030

South Korean car maker Kia expects challenging market conditions in the near term due in part to governments' policies but will stick to its target of selling 1.6 million electric vehicles annually by 2030, a senior executive said.




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Food aid interventions can curb climate change-induced hardship. But should they do more?

The United States foreign food aid program can be a big help when extreme weather fueled by climate change hammers communities




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Seven & i Receives $58B Management Buyout Offer




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Australia regulator to ramp up focus on protecting consumer savings




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Yuan Funding Demand Rises on Bearish Bets, Intervention Fear




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Exclusive-Ben & Jerry's says parent Unilever silenced it over Gaza stance

By Jessica DiNapoli NEW YORK (Reuters) - Ice cream brand Ben & Jerry's said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees, and threatened to dismantle its board and sue its members over the issue. The lawsuit is the…




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Exclusive-China's Zeekr to take control of sister brand Lynk, sources say

In This Article: HONG KONG/SHANGHAI (Reuters) - Chinese premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the matter said. The move is part of efforts by Geely Holding, which is the parent…




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Russia downs two drones over Kursk, Belgorod regions

Russian air defense systems shot down two Ukrainian unmanned aerial vehicles (UAVs) overnight on Thursday, TASS reported, citing the country's defense ministry. "One Ukrainian unmanned aeria...




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China's president will unveil a megaport in Peru, but locals say they're being left out

A remote fishing town on the edge of Peru’s coastal desert is the site for a $1.3 billion megaport majority-owned by the Chinese shipping giant Cosco




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VanEck launches exchange-traded Sui offering in Europe




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TSMC confirms 'unexploded ordnance' removed from wafer fab construction site

TSMC confirms 'unexploded ordnance' removed from wafer fab construction site Probably a relic of a Japanese WWII naval site TSMC has confirmed that workers were evacuated from one of its construction sites in Taiwan after discovery of an unexploded bomb. "Regarding the suspected unexploded…




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Aussie law firm takes Woolworths, Coles to court over discount claims

Australian law firm Gerard Malouf & Partners on Thursday said it had filed class action lawsuits against the country's top two retailers, Woolworths and Coles , for allegedly encouraging misleading discount claims on everyday products.




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Trump’s Department of Government Efficiency will ironically require two men to run it

The incoming Trump administration’s solution to government spending is a new Department of Government Efficiency led by co-department chiefs: the world’s richest man and Trump’s former political opponent. But while on the surface the plan to cut government spending seems simple, the “department,”…




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Lithium in Nascent Recovery, But Longer-Term Outlook Still Bleak




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Aussie law firm takes Woolworths, Coles to court over dodgy discount claims

Australian law firm Gerard Malouf & Partners on Thursday said it had filed class action lawsuits against the country's top two retailers, Woolworths and Coles, for allegedly encouraging misleading discount claims on everyday products. The two supermarket giants are currently in court, sued by the…




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My Conversation with the excellent Neal Stephenson

Here is the audio, video, and transcript. Here is part of the episode summary: In Neal’s second appearance, Tyler asks him why he sometimes shifts from envisioning the future to illustrating the past, the rise of history autodidacts, the implications of leaked secrets from the atomic age to…




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Wounded Russian troops had their medical payouts cut back in one swift move from the Kremlin

Russian leader Vladimir Putin signed a decree on Wednesday limiting a $30,000 payout to injured soldiers based on the severity of their wounds. MIKHAIL METZEL/SPUTNIK/AFP via Getty Images Russia enacted a new decree on Wednesday that limits payouts for injured soldiers based on their…




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No Politician Can Halt Wave of Climate Investment, Kerry Says




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S&D to block Fitto and Várhelyi, blaming Weber’s actions

Donec et orci aliquet nisl suscipit molestie sed sit amet tortor. Duis vel urna ac mi sollicitudin lacinia mollis sit amet lorem. Sed finibus erat nec libero scelerisque fringilla. Morbi at orci sed urna vulputate vulputate. Nulla facilisi. Donec et orci aliquet nisl suscipit molestie sed sit amet…




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Taiwan Says TSMC’s US Investments Help with Trade Balance




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The ASP of high-end AI chips from Nvidia and others is ~5x more than that of conventional memory chips, resulting in a winner-takes-all trend in the chip sector




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Trump victory drives gold to near 2-month lows as investors pile into equities, cryptocurrencies

The recent slide — gold has declined in six of the seven sessions since Trump's victory — follows a series of record-breaking milestones for bullion over the past year.




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How This Simple Tool Helped Jensen Huang Build Nvidia Into the King of AI




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Siemens Q4 revenue up by 1% to €20.8 billion

Siemens AG announced on Thursday that its revenue in the fourth quarter of the fiscal year 2024 increased by 1% to €20.8 billion. The company's net income rose 11% year-over-year to €2....




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Siemens Q4 revenue up by 2% to €20.8 billion

More to come......




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Meloni silent as Mattarella slams Musk’s ‘intervention’ in Italian affairs

Italian Prime Minister Giorgia Meloni has kept quiet on Elon Musk’s recent comments criticising Italian judges for again blocking Meloni’s migrant transfer policy with Albania, while President Sergio Mattarella responded to the billionaire, calling for respecting Italy’s sovereignty. Commenting on…




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StanChart Loses Four Financing Bankers in India Amid Revamp




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Spanish politicians clash over Teresa Ribera’s EU nomination

The Spanish government of Prime Minister Pedro Sanchez (S&D) on Wednesday called the opposition Partido Popular's (EPP) boycott of Teresa Ribera, Ursula von der Leyen’s Spanish commissioner pick, “shameful” and “anti-patriotic”. Ribera (PSOE/S&D), Spain's current minister for ecological…




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Filing: FTX co-founder Gary Wang, due for sentencing on Nov. 20, built “tools” to help the US government detect potential fraud in the stock and crypto markets




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Labor Board Bans Anti-Union 'Captive Audience' Meetings




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Lula’s Embrace of Xi Sets Up a Clash Over Trump’s China Policy




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Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S

LISBON, Portugal — Tech giants are increasingly investing in the development of so-called "sovereign" artificial intelligence models as they seek to boost competitiveness by focusing more on local infrastructure. Data sovereignty refers to the idea that people's data should be stored on…




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Borissov begins coalition talks with pro-Russian party BSP and populists ITN

Boyko Borissov, leader of the election-winning GERB (EPP) party, has opened negotiations with the pro-Russian Bulgarian Socialist Party (BSP) and the populists of There is Such a People (ITN) over a possible Bulgarian government. GERB won early parliamentary elections in October in one of the EU's…




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ASML Upholds 2030 Sales Forecast in Bet on AI-Driven Demand




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Deutsche Telekom's Q3 revenue up by 3.4% to €27.6B

Deutsche Telekom AG announced on Thursday that net profit in the third quarter of its fiscal 2024 soared 53.7% year over year to €1.9 billion.The company's revenue totaled €27.6 billion after a 3.4% j...




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Romania approves purchase of 32 F-35s

Romanian senators on Wednesday gave final approval to a bill authorising contracts to purchase the world's most advanced fighter aircraft, the F-35, with the first delivery expected in 2031. In this case, the Senate is the decision-making body, and the law now goes to the president for…




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These 5 Moves Can Lower Your 2024 Tax Bill




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Russia stages first missile attack on Kyiv since August, Ukraine says

Russia stages first missile attack on Kyiv since August, Ukraine says Despite regular drone attacks, Russia has not struck Kyiv with missiles since 26 August. Content-Type: News Service Produced externally by an organization we trust to adhere to journalistic standards. A handout photo made…




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Nvidia B200 GPU and Google Trillium TPU debut on the MLPerf Training v4.1 benchmark charts; the B200 posted a doubling of performance on some tests vs. the H100

Nvidia, Oracle, Google, Dell and 13 other companies reported how long it takes their computers to train the key neural networks in use today. Among those results were the first glimpse of Nvidia’s next generation GPU, the B200, and Google’s upcoming accelerator, called Trillium. The B200 posted a…




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ASML says its revenue to grow to 44 billion-60 billion euros by 2030

Computer chip equipment maker ASML said on Thursday it expects its sales to grow to between 44 billion euros and 60 billion ($46.4 billion-$63.3 billion) by 2030, suggesting an average annual increase of 8%-14%, driven by strong demand for its most advanced tools. The guidance came in a statement…




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ASML says its revenue to grow to between $46 bln and $63 bln by 2030

Computer chip equipment maker ASML said on Thursday it expects its sales to grow to between 44 billion euros and 60 billion ($46.4 billion-$63.3 billion) by 2030, suggesting an average annual increase of 8%-14%, driven by strong demand for its most advanced tools.




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ASML targets €60 billion revenue with AI, EUV growth

ASML Holding NV stated on Thursday that it predicts annual revenue of €44 to €60 billion by 2030, with gross margins between 56% and 60%.The Dutch semiconductor equipment leader emphasized in a report...




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Apple hit with £3 billion claim over iCloud pricing and packaging practices

Consumer champion Which? not amused by fruit-based giant's alleged preference for its own cloud storage service UK consumer group Which? has filed a £3 billion action against Apple over alleged competition law breaches related to its iCloud service.…




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France's Thales sees revenue and profit growth after cyber expansion

By Sudip Kar-Gupta PARIS (Reuters) - Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros ($26.34 billion) of revenues by 2028 as it reaps a decade of cyber investments. Europe's largest defence technology supplier, which has…




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It’s Easy to Love Costco and Walmart. This Retail Analyst Also Likes Gap and Victoria’s Secret




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Bhutan Is Making It Easier to Visit to Revive Its Economy




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French boycott of COP29 lays bare widening divides at UN climate summit

Azerbaijan’s President Ilham Aliyev lashes out at Emmanuel Macron and steps up defence of oil and gas as regional countries dominate guest list




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Nvidia says Jetson Thor, a computer first unveiled in March 2024 and designed for testing humanoid robot software, will be available in the first half of 2025




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Bitcoin Flirts With $100K, Dogecoin Edges Higher, Ethereum Dips As CPI Numbers Fuel Rate Cut Hopes: Analyst Says BTC Could See Over 180% Upside Due To This Bullish Pattern

Bitcoin continued to make records as supportive inflation numbers raised the market's expectations of further interest rate cuts by the Federal Reserve. What Happened: The world's largest cryptocurrency sailed above $93,000 during U.S. trading hours Wednesday, before a sharp correction into the…