A damaging cyberattack on Japanese beer giant Asahi this week has halted shipments from its breweries and there is no resumption in sight, the company warned Friday, fuelling fears of shortages.Asahi Group, producer of Japan’s most popular beers, said Monday it had “experienced a system failure” owing to a cyberattack that forced the suspension of …
Cyberattack halts shipments from Japan’s biggest brewer Read More »
Power-hungry data centres run hot, so one Chinese company is planning to submerge a pod of servers in the sea off Shanghai with hopes of solving computing’s energy woes.On a wharf near the city, workers were finishing off the large yellow capsule — a foray into alternative tech infrastructure that faces questions over its ecological …
China trials ‘energy-saving’ underwater data centres Read More »
Wall Street stocks finished at fresh records again Thursday as a US government shutdown dragged into a second day.President Donald Trump signaled he plans mass layoffs of US federal workers amid the stalemate in budget talks. A Senate vote is expected Friday on a House-passed resolution to keep the government funded at current levels through …
US stocks end at records as government shutdown drags on Read More »
G7 finance ministers pledged Wednesday to take aim at those who are continuing to step up purchases of Russian oil, since Moscow’s invasion of Ukraine more than three years ago.In a statement after a virtual meeting, officials from the Group of Seven advanced economies — Britain, Canada, France, Germany, Italy, Japan and the United States …
G7 ministers to target those increasing Russia oil purchases Read More »
Wall Street stocks rose again Wednesday, shrugging off the partial US government shutdown as major indices finished at records amid hopes for more Federal Reserve interest rate cuts.Both the Dow and S&P 500 closed at fresh records as investors focused on poor US employment data, which boosted expectations that the Fed could cut interest rates …
Dow, S&P 500 end at records despite US government shutdown Read More »
President Donald Trump signaled Wednesday that he plans to push Chinese leader Xi Jinping on US soybean purchases when they meet, as American farmers grapple with fallout from his trade wars.”The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying,” Trump wrote on his Truth Social platform.”I’ll …
Trump says to push China’s Xi on soybeans as US farmers struggle Read More »
Taiwan “will not agree” to making 50 percent of its semiconductors in the United States, the island’s lead tariff negotiator said Wednesday, as Washington pressures Taipei to produce more chips on US soil.Vice Premier Cheng Li-chiun’s remarks came after US Secretary of Commerce Howard Lutnick said he had proposed to Taiwan a 50-50 split in …
Taiwan says ‘will not agree’ to making 50% of its chips in US Read More »
When Prime Minister Narendra Modi declared India’s “late entry” into the global semiconductor race, he pinned hopes on pioneers such as Vellayan Subbiah to create a chip innovation hub.The chairman of CG Power, who oversees a newly commissioned semiconductor facility in western India, is seen as one of the early domestic champions of this strategic …
India ready to rev up chipmaking, industry pioneer says Read More »
South Korea recorded its highest ever semiconductor exports in September, official data showed Wednesday, despite growing pressure from US tariffs and other restrictions on the crucial sector.Seoul logged more than $16.6 billion in exports of semiconductors last month, up by more than a fifth from September 2024, according to data from the country’s industry ministry.The …
South Korea posts record semiconductor exports in September Read More »
Nike reported a surprise increase in quarterly sales Tuesday, pointing to progress on a turnaround as it forecast a bigger cost hit from US tariffs.Shares of the sports giant jumped in after hours-trading as Nike executives said their strategic pivot — branded as “Win Now” — was beginning to see greater success.”I’m encouraged by the …
