(Reuters) -Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached to chip-factory subsidies as it seeks up to $15 billion from the U.S. government, the Wall Street Journal reported on Wednesday. TSMC, which in December more than tripled its planned investment at its new Arizona plant…
BEIJING (Reuters) -The death toll rose to 29 on Wednesday from a fire at a Beijing hospital that was one of the Chinese capital’s deadliest in at least two decades, killing 26 patients and wounding dozens. Social media showed dramatic videos of people using tied bed sheets to climb down the walls to escape smoke…
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding “surge capacity,” even where that means extra cost. Leaders of Airbus and Boeing have both used the term in recent days – which can include expanding factory space…
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe. The world’s second-largest brewer expects its operating profit this year to increase by a mid- to high- single-digit percentage. “We see signals…
By Natasha Ribeiro and Tyler Clifford NEW YORK (Reuters) -A four-story parking facility collapsed in New York City’s lower Manhattan near Pace University and the New York Stock Exchange on Tuesday, killing at least one worker and injuring five others who were inside the structure, authorities said. Emergency personnel using robotic devices after firefighters were…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. The settlement,…
By Helen Coster (Reuters) – Fox News’s $787.5 million settlement with Dominion Voting Systems over its coverage of false vote-rigging claims in the 2020 U.S. election made headlines on Tuesday, except on the cable channel itself, whose mention of it was somewhat muted. Hosts Tucker Carlson and Sean Hannity, who had been expected to testify…
By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM/CAIRO (Reuters) -Residents in an affluent district of Khartoum feared there would be trouble when they found their new neighbour was a commander from a paramilitary force that protesters blamed for cracking down on them in the past. Those concerns proved well-founded this week when people were forced to…
By Soo-hyang Choi SEOUL (Reuters) -North Korean leader Kim Jong Un has said preparations for the planned launch of the country’s first spy satellite should go ahead to counter what he called threats from the United States and South Korea, state media reported on Wednesday. Analysts say the military satellite is part of the reclusive,…
