Chip industry globalisation under threat, says chief of China’s YMTC

By Brenda Goh SHANGHAI (Reuters) -Geopolitics and the national security concerns of some countries are threatening the globalisation of the world’s chip industry and its future growth, the chairman and acting CEO of memory chipmaker Yangtze Memory Technologies (YMTC) said on Thursday. Chen Nanxiang said in a speech at the opening ceremony of the Semicon…

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Europe’s financial stability risk remains ‘severe’ -EU watchdog

(Reuters) – Financial stability risk in the European Union remains at a “severe” level and the downturn in the housing market could become even more broad-based, the bloc’s financial risk watchdog said on Thursday. High inflation, a drop in household’s disposable income, rapid rate hikes by the European Central Bank and notable bank failures overseas…

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Over half of Americans have faced online hate, survey finds

By Kanishka Singh WASHINGTON (Reuters) -Over half of Americans surveyed in the last year reported facing online harassment and hate during their lifetime, including more than 75% of transgender responders, advocacy group Anti-Defamation League (ADL) said on Wednesday. ADL’s fifth such annual survey showed that reports of online hate and harassment over the last 12…

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Fed’s Powell: we are still monitoring the banks’ situation very carefully

By Jesús Aguado and David Latona MADRID (Reuters) -The U.S. Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address potential vulnerabilities, such as in the commercial real estate sector, Fed Chair Jerome Powell said on Thursday. “We are very reluctant to say” if the sector’s turmoil is over, Powell…

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Cancer plaintiffs drill down on J&J’s support for $8.9 billion talc deal

By Dietrich Knauth NEW YORK (Reuters) – The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal. During a multi-day court hearing in Trenton, New Jersey, attorneys for plaintiffs alleging…

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