Browsing: Business

Taiwan Semiconductor Manufacturing Co. (TSMC) will invest an additional $100 billion in U.S. chip production, the company and President Donald Trump announced Monday, expanding its existing $65 billion commitment in Arizona. TSMC, the world’s leading semiconductor manufacturer, is increasing its

NVIDIA (NASDAQ: NVDA) has announced record-breaking financial results for the fourth quarter and fiscal year 2025, driven by surging demand for AI and accelerated computing technologies. The company reported quarterly revenue of $39.3 billion, marking a 12% increase from Q3

Concerns over the United States’ commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show has fueled speculation about a potential U.S. retreat from the International Monetary Fund (IMF) and

The European Union recorded a trade surplus of €27.2 billion in the final quarter of 2024, continuing a six-quarter streak of positive trade balances, according to Eurostat, the statistical office of the EU. This sustained surplus follows a period of

Oil prices continued their upward trend, settling above $72 per barrel amid ongoing supply uncertainty and a weak dollar, which made dollar-denominated commodities more attractive to investors. The rise marked the third consecutive session of gains as concerns over potential supply

Gold prices have surged past $2,950 per ounce, setting fresh all-time highs as investors turn to safe-haven assets amid heightened economic and geopolitical risks. The rally is being fueled by concerns over U.S. trade policies, a weak dollar, and increased

The United Kingdom’s inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from the previous month’s 2.5% and

UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that

HSBC is set to announce $1.5 billion in annual cost savings as part of its ongoing restructuring efforts, with significant job cuts already underway. The bank has laid off nearly 40 investment bankers in Hong Kong, including four managing directors,

European stock markets surged to record highs on Monday, driven by strong gains in defense stocks as political leaders in the region prepared for an emergency summit on the Ukraine war. The pan-European STOXX 600 index rose by 0.4%, while