TSMC to up Arizona investment to $40 billion with second semiconductor chip plant
The company will also announce it will be producing more technically advanced chips than originally proposed.
Microsoft offers Sony 10-year deal for Call of Duty on PlayStation if Activision deal goes through
Microsoft is hoping to assuage regulators’ and rivals’ antitrust fears over its proposed $69 billion acquisition of Call of Duty maker Activision Blizzard.
Renewables to overtake coal and become world’s biggest source of electricity generation by 2025, IEA says
The global energy crisis, sparked by Russia’s war in Ukraine, has sparked “unprecedented momentum for renewables,” the IEA said.
Germany says borrowing more money to compete with the U.S. would be a ‘threat’ to Europe
Germany said Europe should refrain from borrowing more money to compete with U.S. green subsidies or its competitiveness will be threatened.
Philippines’ inflation soars to 14-year high, fueling expectations of more rate hikes
Philippines’ annual inflation data soared to 8.0%, marking the country’s fastest inflation in 14-year high since November 2008.
Russian oil cap will work, EU ministers insist, despite Kremlin opposition and broad skepticism
It is “the right message at the right time,” Irish Finance Minister Paschal Donohoe said of the oil price cap. But many market participants remain wary.
China’s Xi has met with more than 25 world leaders since consolidating power at home
Chinese President Xi Jinping has met with more than 25 heads of state — including U.S. President Joe Biden — since Oct. 31, according to government releases.
Bank of America sees AI transforming the internet over the next five years—top stocks to ride trend
AI and machine learning will be a “critical driver of all things Internet,” Bank of America said in a note Monday.
Fund manager says a ‘turning point’ for Big Tech is near. Here’s what he’s watching
When asked where investors should be looking to put their money, fund manager Julian Howard said it’s “got to be large-cap tech.”
China’s Covid lockdowns are having a lessening impact on its economy
China’s Covid lockdowns are having a lessening impact on the economy for the first time since early October, according to Nomura.
