FINANCE
According to Reuters, as global competition in the semiconductor industry continues to intensify, China's chip sector is accelerating efforts to achieve technological breakthroughs. Analysts say that although Huawei is advancing architectural innovations and packaging technologies, it remains constrained by critical equipment shortages and structural limitations in the global supply chain.
Biden Hails IBM’s $20 Billion Manufacturing Deal
U.S. President Joe Biden on Thursday, Oct. 6 championed his administration's push to subsidize U.S. semiconductor...
Oil Rises as OPEC+ Agrees Deep Cuts to Production
Oil prices rose on Wednesday, Oct 5 — building on gains in recent days as OPEC+ agreed its deepest cuts...
Governments Hemorrhaging Foreign Reserves as Geopolitical Tensions Strain Global Economy
Governments and central banks are burning through their cache of foreign reserves at an unprecedented...
Goldman Hikes Third-Quarter GDP Growth Estimate to 1.9%
NEW YORK (Reuters) — Global investment firm Goldman Sachs boosted its third-quarter GDP growth estimate...
Saudi Wealth Fund Raises $3 Billion in Debut Green Bonds
DUBAI (Reuters) — Saudi Arabia's Public Investment Fund was set to raise $3 billion on Wednesday, Oct...
US Seeks Input on Climate Law’s $270 Billion in Tax Breaks
WASHINGTON (Reuters) — The U.S. Treasury Department said on Wednesday, Oct. 5 that it would be seeking...
UN Warns Central Banks to Pivot Away From Hawkish Policy
As central banks across the world raised interest rates and doubled down on hawkish narratives that they...
UK Housing Market May Face Perfect Storm as Mortgage Rates Rise, House Prices Drop
By Andy Bruce, Sinead Cruise and Carolyn Cohn, Reuters. LONDON — A surge in borrowing costs and a...
VTB Bank Urges Putin to Curb Western Grain Traders’ Russian Ops
MOSCOW/HAMBURG (Reuters) — Sanctions-hit VTB Bank has urged President Vladimir Putin to curb the activities...