With Afghanistan facing a severe cash crunch, migration crisis and mass starvation, the Taliban government is pressing for the release of billions of dollars from its central bank reserves. Afghanistan has parked billions of dollars in assets overseas with central… Read More ›
In a statement on Friday, SK Hynix Inc, the world’s second-largest memory chip said, it will acquire South Korea-based Key Foundry for $492.41 million (576 billion won). Key Foundry’s 8-inch wafer foundry manufactures chips for power management, display driver and… Read More ›
In a statement, Ford Motor Co said, it will suspend production at its Hermosillo plant in northern Mexico from November 1 to November 5 because of material shortages.
On Friday, in a statement the Australian Securities and Investments Commission (ASIC) said, the Commonwealth Bank of Australia, the country’s largest lender has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. The scrutiny… Read More ›
A worldwide parts and chip scarcity is weighing heavily on Japanese industries, with seven out of eight automakers reporting a decline in global output in September. This has cast doubts on the central bank’s assumption that the impact of supply… Read More ›
German customers are facing higher pricing for items across the board as more firms in Europe’s largest economy opt to pass on their higher manufacturing costs to customers as a result of widespread supply constraints and a rise in energy… Read More ›
With the easing of lockdowns and improving rates of Covid-19 vaccinations, fashion brands and airlines are regaining investor favor in Asia, as there has been an increase in travel and leisure activities while stripping off some of the luster off… Read More ›
In several parts of China, petrol stations have begun limiting diesel purchasess by customers due to rising costs and dwindling supply. According to tweets on the social media site Weibo, some truck drivers are being forced to wait for days… Read More ›
With the European Commission opening a full-scale investigation into Nvidia’s $54 billion acquisition bid for British chip designer ARM on concerns that the deal could lead to higher prices, reduced choices and reduced innovation, the world’s biggest maker of graphics… Read More ›
During the third quarter, it is likely that the U.S. economy grew at its slowest pace in more than a year with the Delta variant of COVID-19 acting as a drag against the economy. The US Commerce Department’s advance gross… Read More ›
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