The global Facebook-backed digital currency project Libra has a new supporter: Singapore state investor Temasek Holdings. Read…
Category: News
Apple supplier TSMC to build a $12 billion chip factory in the US
Taiwan Semiconductor Manufacturing Co (TMSC) said on Friday it will build a semiconductor facility in Arizona, as…
Amazon launches a new $90 tablet as people are stuck at home
Amazon just announced two new 8-inch Fire tablet models that start at $89.99. Read more at https://www.cnbc.com/2020/05/13/amazon-fire-hd-8-new-version-announced-costs-90.html
Tencent shares hit a more than 2-year high after smartphone games led to an earnings beat
Tencent shares soared to a more than two-year high on Thursday after reporting first-quarter earnings that beat expectations.…
India announces $264bn economic rescue package
India has announced a 20 trillion rupee ($264bn; £216bn) economic package to help the country cope…
UK economy shrinks at fastest pace since financial crisis
The UK economy shrank at the fastest pace since 2008 in the first three months of…
Bitcoin ‘halving’: What does the much-hyped event mean?
Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins…
Branson to sell Galactic stake to prop up Virgin
Sir Richard Branson is selling a stake in Virgin Galactic to raise $500m to prop up…
Pandemic sends US jobless rate to 14.7%
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as…
Colombian airline Avianca files for bankruptcy in US court
Colombia’s national airline, Avianca, has filed for bankruptcy protection in a US court. Read more at…
Nintendo profits surge as ‘Animal Crossing’ game becomes fastest-selling title on the Switch
Nintendo posted solid earnings on Thursday, boosted by demand for its Switch console and popular “Animal Crossing:…
Global luxury sales could collapse up to 60% in the second quarter, consulting firm says
Global sales of luxury goods are headed for a collapse in the next few months, as…