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Business
Nexperia’s China unit says it has ‘sufficient inventories’ after Dutch parent’s supply suspension
Exterior view of the building that houses Nexperia’s headquarters in Nijmegen, the Netherlands. (EPA Images pic) BEIJING: Dutch chipmaker Nexperia’s…
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Business
OPEC+ looks set to further hike oil output
The eight OPEC+ countries have already increased production by around 2.7 million barrels per day in total. (Reuters pic) LONDON:…
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Business
China to exempt some Nexperia chips from export ban
Nexperia supplies 49% of the electronic components used in the European automotive industry. (EPA Images pic) BEIJING: China said on…
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Business
China made a ‘mistake’ with rare-earth controls, says Bessent
US treasury secretary Scott Bessent told the Financial Times that China would not be able to pull the same move…
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Business
Air traffic control absences surge, hitting almost half of major US airports
More than 5,600 flights were delayed on Friday and 500 were canceled, according to FlightAware, a flight tracking website. (EPA…
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Asia
South Korea’s Lee hopes to tackle AI, demographic issues at Apec summit
Nvidia founder and CEO Jensen Huang shakes hands with South Korean President Lee Jae Myung during their meeting on the…
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Business
US to announce that Nexperia’s Chinese facilities will resume shipments
Nexperia produces large volumes of semiconductors in the Netherlands that are widely used in autos and consumer electronics. (EPA Images…
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Business
Wall Street gains on Amazon boost but rate caution tempers enthusiasm
The S&P 500, the Nasdaq Composite and the Dow boasted weekly gains and their longest monthly winning streaks in years.…
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Business
Trump rejects resuming Canada trade talks after ad dispute
Canada has been the US’s second-largest trading partner and a major supplier of steel and aluminium to US companies. (EPA…
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Business
Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit
Up until Friday’s stock surge, Amazon shares had risen just 1.6% so far this year due to market share worries…
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