Reported 6 months ago
In a bid to attract NVIDIA's second research and development center, nine cities in Taiwan, including Taipei, New Taipei, Taoyuan, Hsinchu, Miaoli, Taichung, Tainan, and Kaohsiung, are pulling out all the stops. Minister of Economic Affairs, Wang Mei-hua, hinted strategically that NVIDIA will make its own choice but would choose the location where people want it to go. This comes after NVIDIA's CEO, Huang Renxun, announced plans to invest further in Taiwan by setting up a large design center over the next 5 years employing at least 1,000 engineers and looking for a site to build a headquarters.
Source: YAHOO
Reported 6 months ago
Swisscom AG's Italian unit, Fastweb SpA, has agreed to sell its 4.5% stake in Telecom Italia's FiberCop SpA to private equity firm KKR & Co. for €438.7 million in cash. This deal, expected to close in the third quarter, follows KKR's previous purchase of a 37.5% stake in FiberCop for about €1.8 billion in 2020. The sale is part of KKR's expansion in Italy's telecommunications sector, with the aim of reducing Telecom Italia's debt and consolidating the industry.
Source: YAHOO
Reported 6 months ago
Chinese solar companies are stopping production at factories in Southeast Asia due to increased US trade barriers causing uncertainty for exports from the region. Longi Green Energy Technology Co. has begun scaling back operations in Malaysia and Vietnam, while Trina Solar Co. is shutting down capacity in Thailand and Vietnam for annual maintenance. The Biden administration's rules strengthening tariffs against solar equipment and plans to end exemptions on certain imports from Cambodia, Malaysia, Thailand, and Vietnam are impacting the industry, leading to concerns and adjustments by Chinese manufacturers.
Source: YAHOO
Reported 6 months ago
Manchester City's transformation from a struggling club to a global football powerhouse under Abu Dhabi ownership has been highlighted through their incredible revenue growth. Since the 2008 takeover, City's commercial revenues saw a nearly 700% increase within five years, reaching £143 million annually by 2012/13. The club's commercial income has consistently surpassed 50% of total revenues, overtaking rivals on the revenue league table and achieving record financial success, including a Premier League record revenue of £713 million for the 2022/23 season.
Source: YAHOO
Reported 6 months ago
GloRilla推出了包括Megan Thee Stallion和Cardi B在內的'Wanna Be'單曲混音。這首歌的原版中已經有Megan的聲音，而Cardi B是新增的成員，為這首強硬的歌曲增添了她的聲音。GloRilla在上週暗示了這次混音，表示“大家一直在要求這首歌，現在來了！”。這次混音發布後僅僅幾天，Cardi B加入了GloRilla和Megan Thee Stallion，在Meg的'Hot Girl Summer'巡迴演唱會中表演，演唱了這次混音版本。
Source: YAHOO
Reported 6 months ago
Jonnie Peacock, a two-time Paralympics gold medalist, is determined to showcase his best performance at the upcoming Games in Paris, aiming to return to his former successful level after facing challenges at the Tokyo Paralympics. Despite targeting gold in Paris, his primary focus is on representing his true self and unleashing his potential, acknowledging the need to overcome mental and physical obstacles to achieve success. Peacock remains optimistic about his training progress and emphasizes the importance of controlling his own performance amidst tough competition.
Source: YAHOO
Reported 6 months ago
NXP半導體公司將與台積電的部分所有公司合作，在新加坡建立價值78億美元的晶片晶圓廠，這將提升這個島國的科技野心。這是東南亞地區的最新勝利，因為全球科技公司試圖多元化其製造基地的位置，以應對地緣政治風險，比如美中之間不斷升級的緊張局勢可能干擾台灣的運營。
Source: YAHOO
Reported 6 months ago
根據知情人士透漏，激進投資者Elliott Investment Management已在日本軟銀集團建立了一個可觀的持股，並正在推動這家日本投資公司進行150億美元的股份回購。Elliott的舉措伴隨了追求長期策略的軟銀的重新興趣，後者的資產價值飆升，使其少了進行回購的理由。這項行動正值軟銀準備在人工智慧和其他領域再次加大投資之際。
Source: YAHOO
Reported 6 months ago
輝達執行長黃仁勳宣布將在台灣設立研發中心與總部，引發9個縣市爭相爭取落腳地點，經濟部長郭智輝似乎暗示最可能在高雄設立，而台北、新北等地方政府也紛紛表達積極接洽意願。
Source: YAHOO
Reported 6 months ago
激進投資者Elliott Management已重新建立了價值超過20億美元的持股，並呼籲日本科技投資者軟銀集團進行150億美元股票回購。這使軟銀的股價一度飆升超過5％，並在當天收盤時收斂至4.6％，報價9420日圓，達到三年來最高點。Elliott已在過去兩三個月直接與軟銀的高級管理層進行接觸。這家美國對沖基金預計回購將立即提振股價，並表明軟銀CEO孫正義對其策略的信心。
Source: YAHOO
Reported 6 months ago
多數的外國投資者視印度在週二近4000億美元股市蒸發價值僅為另一次購買機會，認為印度是世界上最有前途的經濟之一。儘管印度總理納倫德拉·莫迪在剛結束的全國選舉中，其政黨在下議院失去多數席位後，難以推行嚴格改革，但幾家全球資金管理公司表示，投資印度股票的案例仍然存在。許多資金經理和分析師都表示將利用市場弱點增加投資組合曝光。
Source: YAHOO
Reported 6 months ago
Swiss Finance Minister Karin Keller-Sutter highlighted the legal risks involved in the potential winding up of global banks, emphasizing the need for standardized international rules for dealing with 'too big to fail' banks. Keller-Sutter expressed concerns about the feasibility of winding up banks due to international legal risks, citing the example of Credit Suisse's collapse. She discussed the importance of managing these risks and ensuring systemically relevant banks support their foreign subsidiaries adequately to prevent damage to the parent company, as seen in the case of Credit Suisse. The article also mentions Credit Suisse's takeover by UBS and S&P revising UBS Group AG's outlook to stable from negative.
Source: YAHOO
Reported 6 months ago
Activist investors are advising London companies to consider listing their stocks in other countries, particularly in the US, to achieve better returns. This move is driven by the notable valuation gap between UK and US stocks, with UK firms trading at lower valuations since the Brexit referendum. Notable activist investors like Dan Loeb's Third Point and Cevian Capital AB have been advocating for this strategy, urging companies such as CRH Plc and John Wood Group Plc to consider moving their primary listings from London to the US.
Source: YAHOO
Reported 6 months ago
After the San Francisco Giants suffered their sixth consecutive loss, manager Bob Melvin expressed frustration over the team's performance in the game against the Arizona Diamondbacks. Melvin criticized the team for their poor play, particularly in the early part of the game, highlighting defensive errors and missed opportunities. Despite a late rally, the Giants fell short and extended their losing streak, with Melvin acknowledging the need for improvement and a way to turn things around.
Source: YAHOO
Reported 6 months ago
Australia's cyber safety regulator has decided to drop a legal challenge against Elon Musk's social media platform, X, over the removal of videos showing the stabbing of an Assyrian church bishop in Sydney. The decision comes after a federal court setback last month when the eSafety commissioner's bid to extend a temporary order to block the videos was rejected. The commissioner expressed concerns about the accessibility of graphic violent content online, especially to children, and originally requested X to remove the video to prevent it from inciting further harm in the community. The legal dispute led to heated exchanges between Musk and senior Australian officials, with Musk objecting to the removal of the video and criticizing the regulatory order as censorship.
Source: YAHOO
Reported 6 months ago
Spanish retail giant Inditex, the owner of Zara, reported a 12% rise in sales for the period between May 1 and June 3 compared to the same time last year due to a pick-up in Spring/Summer collections. The company's quarterly results met expectations with a 7% sales increase for the first quarter. Inditex aims to expand its market share by investing in logistics, technology, and new services such as livestream shopping, with plans to increase store selling space and launch new services in markets like the US and Britain following success in China.
Source: YAHOO
Reported 6 months ago
The leader of the United Arab Emirates and ruler of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, met with Taliban official Sirajuddin Haqqani in Abu Dhabi despite Haqqani being on a $10 million US bounty for his involvement in attacks including one that killed an American. The meeting underscores the international divide on engaging with the Taliban, which seized power in Afghanistan in 2021. Discussions centered on strengthening cooperation and supporting Afghanistan's development, with Haqqani known for leading the Haqqani network responsible for deadly attacks. This move comes as the UAE aims to enhance ties with the Taliban while various nations navigate interactions with the group following its ascension to power.
Source: YAHOO
Reported 6 months ago
Maia Kealoha, a 7-year-old native Hawaiian, was cast as Lilo in Disney's upcoming live-action adaptation of 'Lilo & Stitch' after a nationwide search. Kealoha made her red carpet debut at the Gold Gala, honoring first responders for their work during Maui wildfires. She expressed excitement about her role, shared similarities with her character, and showcased her dancing skills at the gala. Kealoha's background in hula contributed to landing the role, and fans can soon catch her performance on Disney+.
Source: YAHOO
Reported 6 months ago
Electric vehicle maker Nio has gained approval to construct its third factory in China, increasing its approved production capacity to 1 million cars. The new plant, with a 600,000 unit annual capacity, will be located in Huainan city, primarily producing vehicles for Nio's affordable car brand, Onvo. Despite concerns of overcapacity in China's EV industry, Nio aims to meet growing demand and expand its customer base with this new venture.
Source: YAHOO
Reported 6 months ago
Two families have filed a federal lawsuit against Tennessee Governor Bill Lee and the Williamson County School District, alleging that their middle school children were wrongly arrested, strip-searched, placed in solitary confinement, and put on house arrest after officials misinterpreted a state statute regarding threats of mass violence. The incidents in August 2023 involved students accused of making threatening statements that didn't meet the legal threshold for such charges, challenging the application of a 2021 'zero-tolerance' law. The lawsuit questions the constitutionality of using this law against innocent acts and seeks damages for violating school policies and referring children for criminal prosecution.
Source: YAHOO
Reported 6 months ago
Deebo Samuel, the 49ers' wide receiver, has decided to change his jersey number from No. 19 to No. 1 and have 'Samuel Sr.' on the back to honor his son Tyshun Samuel Jr. Samuel expressed his excitement about reclaiming the number he wore during his college days and high school, despite having tried to buy it back in the past. The change signifies more than just a number change for Samuel, as it represents a meaningful connection to his son while representing himself on the field.
Source: YAHOO
Reported 6 months ago
Source: WSJ
Reported 6 months ago
Experts are warning that artificial intelligence could intensify the spread of fake news to disrupt the upcoming European Union elections, with concerns over Russian propaganda efforts amid the ongoing conflict with Ukraine. The election, spanning 27 nations, faces a surge in fake news and anti-EU disinformation, facilitated by new AI tools. Instances of election-related disinformation have already occurred across Europe, with fake reports aimed at disrupting democracy and eroding societal trust. Authorities are utilizing laws and tech company measures to combat the spread of disinformation, as generative AI poses new challenges in creating authentic-looking false content.
Source: YAHOO
Reported 6 months ago
The Financial Conduct Authority (FCA) in the UK is expected to revise its proposal to publicly name companies under investigation after facing criticism from the government and industry. The FCA's original plan aimed to increase transparency and deter wrongdoing but received pushback from various sectors. The FCA's co-head of enforcement, Therese Chambers, reportedly made concessions during discussions with corporate clients, such as extending the notice period before investigations are announced. The regulator continues to review feedback and consider alternative approaches to balance transparency with due process.
Source: YAHOO
Reported 6 months ago
Trip.com has announced a $1.3 billion convertible senior notes offering following the footsteps of Chinese tech giants like Alibaba, JD.com Inc., and Lenovo Group Ltd. The move aims to repay debt, expand overseas, and boost working capital needs. Trip.com plans to repurchase 6 million American depository shares to mitigate dilution effects. Amid the increase in convertible bond issuances, the trend provides companies with low-cost funding opportunities, while bankers in Hong Kong benefit from increased deal activities.
Source: YAHOO