World

The recent events in Gaza have sparked a significant humanitarian effort led by the U.S. military in the form of airdropped food supplies. President Joe Biden authorized this emergency assistance after more than 100 Palestinians were tragically killed during an encounter with Israeli troops. The U.S. military C-130 cargo planes were deployed to drop 66

European companies have faced a challenging earnings season with around half of them missing earnings expectations despite already low expectations. Analysts have pointed out that the region will continue to struggle amid high interest rates. The disappointing performance was evident with the smallest percentage of beats recorded since the first quarter of 2020 when the

Semiconductor manufacturers such as Taiwan Semiconductor Manufacturing Company (TSMC) are facing a growing risk of water shortages as chip processing technology advances, according to a report by S&P Global Ratings. The semiconductor industry is heavily reliant on water for cooling machinery and ensuring the cleanliness of wafer sheets during the manufacturing process. The more advanced

AirAsia, a well-known budget airline based in Malaysia, is gearing up for a major move by listing its brand management unit on the Nasdaq. This strategic decision comes after finalizing a SPAC merger, with the aim of tapping into the U.S. market and capitalizing on the appeal of franchise and licensing opportunities. Tony Fernandes, the

The stock market closed Tuesday’s session with a mixed bag of results, with the S&P 500 and Nasdaq Composite making modest gains, while the Dow Jones Industrial Average experienced a slight decline. The S&P 500 edged up by 0.17% to 5,078.18, and the Nasdaq increased by 0.37% to 16,035.30. On the other hand, the Dow

Commerce Secretary Gina Raimondo recently announced the Biden administration’s lofty goal of making the U.S. a major manufacturer of state-of-the-art semiconductor chips before 2030. This initiative aims to position the country as a global competitor, enhance national security, and create numerous job opportunities. During a speech at the Center for Strategic and International Studies, Raimondo

Artificial intelligence in smartphones has become the latest buzzword in the tech industry, with companies looking to leverage AI capabilities to boost sales and engage consumers. The release of OpenAI’s ChatGPT in 2022 sparked significant interest in generative AI models, leading to a surge in excitement across various industries. Smartphone manufacturers are eager to capitalize

Nvidia, the chipmaker, saw a significant surge in its stock price, jumping 16% after posting strong earnings and guidance. This surge contributed to a 59% year-to-date increase, driven by the excitement around artificial intelligence stocks. The positive performance also briefly pushed the company’s market cap above $2 trillion during the recent trading session. However, this

Grab, the Southeast Asian ride-hailing giant, has made an impressive turnaround by posting its first-ever profitable quarter, achieving a profit of $11 million. This is a significant improvement from the $391 million loss recorded in the same period a year ago. The company attributes this boost in profitability to various factors, including the improvement in

The Nikkei 225 in Japan has reached a record high, propelled by the robust performance of banking, electronics, and consumer stocks. This surge has been fueled by strong corporate earnings and investor-friendly measures that have driven a remarkable rally in Japanese equities throughout the year. The Nikkei 225 saw a significant jump of nearly 2%