Reuters Asia

US semiconductor index jumps as TSMC signals strong AI chip demand

By Caroline Valetkevitch NEW YORK (Reuters) – An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor Manufacturing cited strong demand for high-end chips used in artificial intelligence (AI). U.S.-listed shares of the world’s largest contract semiconductor maker, which also forecast more …

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Analysis-China’s ageing population threatens switch to new economic growth model

By Farah Master HONG KONG (Reuters) – China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy’s long-term growth prospects. A record low birth rate in 2023 and a wave of COVID-19 deaths resulted in a second …

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North Korea threat could change ‘drastically’ given Russia cooperation-US official

By David Brunnstrom and Arshad Mohammed WASHINGTON (Reuters) – The nature of the security threat posed by North Korea could change “drastically” in the coming decade as a result of its unprecedented cooperation with Russia, the White House’s senior director for arms control Pranay Vaddi said on Thursday. “What we’re seeing between Russia and North …

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Pakistan fires retaliatory strike at Iran, stoking regional tension

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan launched strikes on separatist militants inside Iran on Thursday, in a retaliatory attack two days after Tehran said it struck the bases of another group within Pakistani territory. Iranian media said several missiles hit a village in the Sistan-Baluchestan province that borders Pakistan, killing at …

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Airbus to double sourcing from India to $1.5 billion as plane orders soar

By Rishika Sadam and Aditi Shah HYDERABAD, India (Reuters) -Airbus expects to double the total value of parts it sources from India to $1.5 billion in coming years, the planemaker’s India chief said on Thursday, as it looks to ride the boom in the world’s fastest growing aviation market. Indian carriers IndiGo, Air India and Akasa are …

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At least 12 children, two teachers drown in Indian lake after pleasure boat capsizes

By Sumit Khanna AHMEDABAD, India (Reuters) – At least 12 children and their two teachers drowned in India on Thursday when a boat on which they were riding during a picnic capsized, officials said. Rescuers pulled 20 children to safety from Harni lake in Vadodara city and are searching for two more who are missing, …

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