(1/2) Visitors stand next to a ‘Make In India’ logo during a three-day semiconductor event in Bangalore, India April 30, 2022. REUTERS/Munsif Vengattil/File Photo India’s Modi wants to turn the country into a chip manufacturing hub Companies struggle to move forward with source plans Intel-Tower deal blocks chip plans from consortium-sources The mega Vedanta-Foxconn JV … Read more
May 31 (Reuters) – Lucid Group (LCID.O) said it expected to raise around $3 billion through an equity offering, nearly two-thirds of which would come from the Public Investment Fund ( PIF) of Saudi Arabia, sending shares of the luxury electric-vehicle maker down 9% after market hours. PIF, which owns more than 60% of the … Read more
Five killed in Luhansk village – Moscow-backed official Four injured in Ukrainian shelling of border town governor Refinery strikes latest attacks on Russian infrastructure MOSCOW/KIEV, May 31 (Reuters) – Russia said Ukrainian artillery struck a Russian city for the third time this week and drones hit two oil refineries in a spike in attacks on … Read more
KYIV, May 31 (Reuters) – The UN has proposed that Kiev, Moscow and Ankara begin preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe grain exports of the Black Sea, said a source familiar with the talks. Wednesday. As preparatory work begins, the UN wants … Read more
The manufacturing PMI drops unexpectedly Non-manufacturing PMI drops, showing slowdown in services PMI indices show that the economic recovery is running out of steam Markets skid on weak PMI BEIJING, May 31 (Reuters) – Chinese factory activity contracted faster than expected in May due to weaker demand, putting pressure on policymakers to shore up an … Read more
SHENZHEN, China, May 31 (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States is becoming increasingly difficult. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after Washington … Read more
(1/8) Colombian President Gustavo Petro, Bolivian President Luis Arce, Brazilian President Luiz Inacio Lula da Silva, Argentinian President Alberto Fernandez and Chilean President Gabriel Boric hold hands as they pose during the South American Summit at Itamaraty Palace in Brasilia, Brazil on May 30 Learn more BRASILIA, May 30 (Reuters) – Divergent views on Venezuela … Read more
SEOUL/TOKYO, May 31 (Reuters) – North Korea launched what it calls a space satellite southwards on Wednesday, the South Korean military said, triggering emergency alerts and brief warnings of evacuation in parts of South Korea and Japan. North Korea had said it would launch its first military reconnaissance satellite between May 31 and June 11 … Read more
May 30 (Reuters) – Nvidia Corp (NVDA.O) was on track on Tuesday to cross $1 trillion in market capitalization for the first time, making it the first U.S. chipmaker to join the trillion club. dollars. Shares of the company last rose 3.5% to $402.91 in premarket trading. Meta, valued at around $670 billion at the … Read more
Two wounded in Moscow, one dead in the kyiv attacks The worst raid on the Russian capital since the world war – politician Ukraine suffers 17 airstrikes in May MOSCOW/KIEV, May 30 (Reuters) – Ukrainian drones struck Moscow on Tuesday but were neutralized, Russia said in what a politician called the worst attack on the … Read more
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