Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The Biden administration has agreed to provide up to $6.4 billion in direct funding for Samsung Electronics to develop computer chip manufacturing in Texas.
Apple CEO Tim Cook visits Vietnam — one of the iPhone giant’s most important manufacturing hubs
Apple has been looking to reduce its reliance on China for its product assembly, with India and Vietnam emerging as key locations.
Singapore’s new prime minister, Lawrence Wong, will take office on May 15
Singapore’s Prime Minister Lee Hsien Loong will step down on May 15 and hand over the reins to Deputy Prime Minister Lawrence Wong.
European markets close mixed, paring gains amid Middle East tensions; Temenos jumps 20%
European markets closed mixed on Monday amid heightened geopolitical tensions following Iran’s large-scale drone and missile attack on Israel over the weekend.
Ukraine war updates: Kremlin warns escalation in Middle East is ‘in no one’s interests’ but won’t condemn ally Iran’s attack
Russia’s Foreign Ministry on Sunday expressed “extreme concern over another dangerous escalation” in the Middle East after Iran’s strike on Israel.
Israel vows to ‘exact a price’ after Iran’s attack. Here’s what analysts expect could happen
While analysts who spoke to CNBC expect Israel to respond, the timing and extent of that retaliation remains in question.
Green hydrogen tech boss warns of AI energy consumption risk
Ceres Power’s CTO warned that as AI tools become more widely used for efficiency there is also the risk that this could result in higher energy consumption.
Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot
Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year.
Oil prices could see ‘super spike well above $100’ if conflict escalates after Iran’s attack on Israel
Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher.
China accounted for two-thirds of new global coal plant capacity in 2023, report finds
The world added more coal power capacity last year than any year since 2016, with China driving most growth and most planned growth according to new research.
