Canada’s main stock index slumped to a five-week low on Thursday, with the technology and materials groups leading broad-based declines, as investors were unable to see a clear endpoint for Federal Reserve interest rate hikes. The Toronto Stock Exchange’s S&P/TSX composite index ended down 291.02 points, or 1.5 percent, at 19,600.63, its lowest closing level […]
Search results for "us government"
The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could divert American technology to previously […]
Equity listings on the Nasdaq fell about 80 percent this year, as the appetite for new issues took a hit from extreme volatility in the stock market, sparked by the Federal Reserve’s war on inflation. A total of 156 companies listed their shares on the bourse this year, raising nearly $15 billion in initial public […]
The UK government is on a mission to level up the nation, improve living standards and fight regional inequality. Internet access plays a vital role. But to tackle such deep-rooted issues requires a different, stronger approach to what’s been used before. Here, Guy Miller, CEO of full fibre network operator MS3 Networks explains why alternative […]
Microsoft Corp aims to secure internet access for 100 million more people in Africa by 2025, teaming up with a satellite provider and setting the stage for longer-term cloud adoption, its President Brad Smith told Reuters. The software maker has long pushed to bring more people online, playing the role of facilitator among telecoms and […]
Visa Inc plans to invest $1 billion over the next five years in Africa to capitalize on the emerging economy’s rapid growth in digital payments, the company said at the U.S.-Africa Leaders Summit on Wednesday. U.S. President Joe Biden is hosting dozens of African leaders for the three-day event, which started on Tuesday in Washington, […]
President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing’s goal to establish its currency internationally and weaken the U.S. dollar’s grip on world trade. Xi was speaking in Saudi Arabia where Crown Prince Mohammed bin Salman hosted two […]
Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday that its Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million. The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple supplier Foxconn plans […]
Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei, whose growing foray into the Gulf region has raised U.S. security concerns. King Salman signed a “comprehensive strategic partnership agreement” with Xi, who received a lavish welcome […]
The China 6G satellite launch is still recent. The world watched closely as the giant moved towards another push to dominate the market. Yet most critics remained on the edge of what they know and what they do not about the Chinese 6G plans. Most notably, the question remains, how will the US handle such […]