EVs Piling Up On Dealer Lots As Consumers Buy Gas Models
A new report in the Wall Street Journal noted that American consumers are continuing t0 purchase gas powered vehicles in large numbers, however this has left Electric Vehicles (EVs) “piling…
TSMC’s New 2nm Fab To Be Ready Ahead Of Schedule
According to a report in the China Times, TSMC may be somewhat ahead of schedule to open its new fab in Kaohsiung Science Park which will be its second fab…
Oil Holds Losses As Inventories Build And Technicals Indicate Further Weakness
As investors weigh signs of a growing US stockpile build and weak technical indicators, oil held steady following its largest drop in two weeks. Following a 1.9% decline, West Texas…
Cosmetics Firm Aborts Russian Exit Due To Exit Tax
On Wednesday, Kommersant reported that international direct-sales cosmetic brand Avon has halted plans to exit the Russian market due to a steep exit tax, according to industry sources. In March…
Micron Settles IP Theft Lawsuit To Mollify Beijing
As Micron Technology has sought to mend ties with Beijing, it has now settled a high-profile lawsuit over intellectual property theft with a prominent state-backed Chinese firm. In an statement,…
Bitcoin Retreats, As Investors Weigh Bitcoin ETFs
Bitcoin hung on to a retreat while investors mulled the implications of regulators possibly meeting expectations and allowing the first US exchange-traded-funds (ETFs) to invest directly in the token. Over…
Dazheng Group Consortium Looks To Buy Hollysys Automation For $1.8 Billion
According to an official statement released on Sunday, China’s Dazheng Group Acquisition is leading a consortium, including TFI Asset Management and GA Technologies, which has made a bid to acquire automation…
Beijing Softens Online Gaming Stance
On Monday, the Chinese government approved 105 domestic games, in a sign Beijing does not want to be perceived as beginning another industry-wide crackdown on the videogame industry after its…
Thailand Receives $4.3 Billion From Japanese Automakers For EV Manufacture
On Monday, a Thai government spokesperson announced a deal which will see major Japanese auto manufacturers invest as much as 150 million baht ($4.34 billion) over the five years in…
Infosys Shares Fall After AI Deal Failure
Infosys announced that an unnamed global company has terminated its Memorandum of Understanding (MoU) with the IT giant regarding a $1.5 billion deal for artificial intelligence solutions. Shares of Infosys…
