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SK Hynix says high-end AI memory chips almost sold out through 2025
South Korean semiconductor giant SK Hynix said Friday its entire 2024 production of high-end memory chips was sold out and most of next year's line was gone too, reflecting the huge demand for cutting-edge AI hardware. SK Hynix also said this week it would be starting mass production of its top-of-the-line fifth-generation HBM chips in the third quarter.
Xi heads to Europe to defend Russia ties
Xi Jinping heads to Europe on Sunday to defend China's "no limits" alliance with Russia, first to key Ukraine backer France, then to Serbia and Hungary, which have close ties to the Kremlin. - 'Eastern opening' - From France, Xi will head to Serbia, and then Hungary on May 8-10.
Luxury brands lure Chinese shoppers despite slowdown
Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty –- a lavish affair designed to win customers in China's crucial market.
Asian markets track Wall St higher as rate hopes rise, eyes on US jobs
Hong Kong led another rally across Asian markets Friday thanks to a surge in tech giants, while the yen extended gains against the dollar on revived hopes for US interest rate cuts.
Spain's fashion and beauty group Puig poised for IPO
The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange. Among its brands are Paco Rabanne, Nina Ricci, Charlotte Tilbury, Carolina Herrera and Dries Van Noten.
US election disinformation targets non-citizen voting
Illegal immigration on the US southern border is a top talking point among Republican politicians, but some are taking it a step further by promoting disinformation about non-citizens voting in the presidential election. "Especially when the threat of fraud is growing with every single illegal immigrant that crosses that border."
Apple profit ebbs as iPhone sales under pressure
Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback. Shares were up nearly 6 percent to $183.20 in after-market trading, buoyed by the epic buyback program.
Turkey says suspending all trade with Israel
Turkey said Thursday it was suspending all trade with Israel until it allows aid to enter Gaza unhindered during its offensive against Hamas militants in the territory.
US judge grills both sides in landmark Google antitrust trial
A US judge on Thursday pushed against the central pleas of both US government and Google lawyers as he heard their closing arguments at a landmark antitrust trial in Washington. You have to establish foreclosure first and if you can't, you lose," Mehta told the US government lawyers.
AFP
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