By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, as global economic woes dent demand for semiconductors, though analysts say business performance is likely to improve in the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest…
(Reuters) – Tropical Depression Don has strengthened into a Tropical Storm in the central Atlantic on Monday and is forecast to turn southward within the next day or so, the U.S. National Hurricane Center (NHC) said in its latest advisory. The storm, located about 735 miles (1,180 km) west of the Azores, is packing maximum…
By Valerie Volcovici BEIJING (Reuters) – U.S. climate envoy John Kerry said it was “imperative that China and the United States make real progress” in the four months before U.N.-sponsored climate talks begin in Dubai, as waves of extreme heat and rainfall hit large parts of the globe. While Kerry met his counterpart Xie Zhenhua…
By Liangping Gao, Ellen Zhang and Kevin Yao BEIJING (Reuters) – China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. Whether the world’s second-largest economy chugs ahead at 3-4% annually or flirts, as some economists expect, with Japan-like “lost decades” of stagnation, it looks set…
KYIV (Reuters) -Russia halted participation on Monday in the year-old U.N.-brokered deal that lets Ukraine export grain through the Black Sea, causing concern in poorer countries that price rises will put food out of reach. Hours earlier, a blast knocked out Russia’s bridge to Crimea in what Moscow called a strike by Ukrainian sea drones,…
(Reuters) -Coinbase Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation. The meeting comes as Coinbase and Binance – two of the world’s largest crypto exchanges – are grappling with lawsuits brought by…
By Valerie Volcovici, Timothy Gardner and Kate Abnett BEIJING (Reuters) – As China and the United States meet this week in Beijing, the world’s two biggest carbon polluters will be looking for ways to cooperate in both domestic policy and international trade in bringing down greenhouse gas emissions as they try to recalibrate ties amid…
By Anna Tong and Jeffrey Dastin Around a decade after virtual assistants like Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the stakes, powered by the latest version of the technology behind ChatGPT and its rivals. Experimental systems that run on GPT-4 or similar models…
By Nandita Bose WASHINGTON (Reuters) -President Joe Biden and Senator Bernie Sanders met with young labor organizers from Starbucks and Minor League Baseball among others at the White House on Monday as a growing number of worker strikes grip the country. After decades of declining union membership, organized labor is witnessing a resurgence in the…
By Natalie Grover LONDON (Reuters) – The world’s top asset manager BlackRock has named Amin Nasser, the chief of the world’s largest oil company Saudi Aramco, as an independent director. Nasser joined Saudi Arabia’s state oil giant as a petroleum engineer in 1982, and decades later in 2019 led Aramco’s initial public offering. His expertise…
