TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to $8.8 billion amid surging demand. Quarterly revenue rose 47.9% over a year ago to $19.2 billion, the company reported. TSMC, headquartered in…
ROME (AP) — With its dozens of “revolving door” governments, Italy might give the impression that carving out new ruling coalitions is quick work. But the process can take weeks, even months, especially if a new government’s formation is prompted by the premature demise of Parliament. That’s the case now. On Thursday, when newly elected…
BRUSSELS — Germany’s defense minister says 15 countries have agreed to move ahead with plans for an improved European air defense system. Defense Minister Christine Lambrecht said on the sidelines of a meeting of NATO defense ministers that a letter of intent was signed Thursday to organize joint procurement for the so-called European Sky Shield,…
KYIV, Ukraine (AP) — Russian forces used Iranian-made kamikaze drones to attack Ukraine’s capital and Odesa regions and slammed other areas with missiles, Ukrainian officials said Thursday as Moscow punished the country for a fourth day after a truck bomb attack on a bridge to Russia-annexed Crimea. A strike carried out near Makrariv, a small…
By Silke Koltrowitz and Lee Marzel TEL AVIV/ZURICH (Reuters) – Israel’s Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its “New Meat” steak cuts produced on 3D printers, it said on Thursday. The start-up, which raised $170 million in a series A financing round this year, operates large-scale…
LONDON (Reuters) – The Bank of England said on Thursday that the central counterparties (CCPs) in Britain’s financial system were “resilient” after publishing the conclusions of its first public stress test for ICE Clear Europe, LCH and LME Clear. Central counterparties operating in London are a key part of the global financial system’s plumbing, due…
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted an 80% surge in third-quarter net profit on Thursday, boosted by strong sales of its advanced chips used in data centres and electric cars, despite a slowdown in the global chip industry due to economic headwinds. This is the company’s strongest quarterly net profit growth in two years. Taiwan…
BEIJING (AP) — Asian stock markets surged Friday after Wall Street rebounded from a slump caused by worse-than-forecast inflation numbers. Japan’s market benchmark soared by an unusually wide margin of 3.4%. Hong Kong gained 3.3% and Shanghai also rose. Benchmark U.S. crude oil rose more than $2 per barrel. Wall Street’s benchmark S&P 500 index…
TOKYO (AP) — A new electric car company that brings together two big names in Japanese business, Honda and Sony, officially kicked off Thursday. The electric vehicle from Sony Honda Mobility Inc. will go on sale in 2025, with deliveries coming first in the U.S. in early 2026, and in Japan later that year, Chief…
WASHINGTON (AP) — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living. The cost-of living adjustment — the largest in more than 40 years — means the average recipient…
