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Taiwan’s TSMC profit ups in Q1
Taiwanese chip giant TSMC posted a stronger-than-expected nine per cent rise in first-quarter net profit on…
European chemical industry braces for significant change
The European chemicals sector is bracing for a period of significant change, caught between the headwinds of…
ITIDA reports on most in-demand jobs in Egypt’s ICT, offshoring market
The Information Technology Industry Development Agency (ITIDA), part of the Egyptian Ministry of Communications,…
Tesla eyes Indian market with potential $3b investment
Elon Musk, CEO of Tesla, plans to invest $2-$3 billion in India, which could significantly impact the country's…
VW, Xpeng team up to develop affordable EVs for China
Volkswagen (VW) announced a collaboration with Chinese electric carmaker Xpeng to develop a new electrical…
Honda unveils new EV brand in China by ’27
Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new "Ye" brand by 2027 in China,…
Tesla global job cuts reach US, China
Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering…
US awards Samsung $6.4b chips grant for Texas project
The Biden administration will award $6.4 billion in grants to South Korea’s Samsung to expand chip production in…
Samsung Elec. initiates $330m block sale of shares
Samsung Electronics offered about 5.25 million of its shares in a block deal valued at up to $330 million.
China’s c. bank plans $70b re-lending programme
The People’s Bank of China (PBC) will set up a 500 billion-yuan ($70 billion) re-lending program to support the…