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Qualcomm scores key win in licensing dispute with Arm
A federal jury in the United States on Friday delivered a key win to mobile commputing titan Qualcomm in a licensing dispute with Arm, although proceedings between the chipmakers ended in mistrial. The federal jury did not, however, reach an agreement on whether Qualcomm breached a licensing agreement with Arm.
Amazon expects no disruptions as US strike goes into 2nd day
A US strike targeting Amazon in the peak festive period extended into a second day Friday as the retail behemoth said the labor action would not affect its business. The Teamsters union on Thursday launched a strike targeting seven Amazon facilities spaced around the United States.
US confirms billions in chips funds to Samsung, Texas Instruments
President Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.
Argentina's dollar craze cools under greenback-loving Milei
"Dollars, selling dollars!" "The amnesty dollars aren't yours (don't belong to the state) and you have to pay back the IMF dollars," he said.
'Dark lull' in German energy transition sparks political debate
As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition. The Scholz government defended the green energy transition despite the occasional "temporary phenomenon" of a dark lull that can drive up prices on the spot market.
EU, Swiss hail 'historic' new deal resetting relations
The European Union and Switzerland announced Friday they had sealed a new set of agreements aimed at recalibrating relations between the two neighbours. Relations plunged when Switzerland suddenly slammed the door on the talks in 2021.
Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes
A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday. A second defendant, Domingo Plazas, was sentenced to 18 months in prison for money laundering and collaborating in two of Rato's tax offences.
Fed's favored inflation gauge rises again in November
The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations. The personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.
US hours from government shutdown over Christmas
US lawmakers raced Friday to prevent a government shutdown due to bite within hours, after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have kept the lights on well beyond Christmas. "If there is going to be a shutdown of government, let it begin now, under the Biden Administration," Trump said on social media early Friday, seeking to avoid blame for the chaos.
AFP
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