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Taiwan to probe firms over Huawei chip plants in China
Taipei has said it will investigate if Taiwanese firms that helped Huawei build semiconductor factories violated US sanctions against the Chinese tech giant. The four Taiwanese companies are helping Huawei develop an "under-the-radar network of chip plants" in China, Bloomberg reported this week.
Macau bets on China's 'Golden Week' holiday to stage comeback
Macau's baccarat and poker tables were teeming once again as millions of Chinese tourists marked "Golden Week" in October, with post-pandemic travel surging despite the country's economic slowdown. Chinese travellers are expected to make more than 100 million daily trips during the annual national holiday -- making it the "hottest" Golden Week ever, a state-backed tourism think tank predicted.
Asian markets follow US lead with gains
Asian markets posted modest gains in early Thursday trade, rebounding from previous losses after a strong lead from Wall Street. When trading kicked off in Asia, Tokyo was up by more than one percent, and Hong Kong was up by just over 0.3 percent.
Homelessness explodes in Canada as rents, housing prices soar
Canada is gripped by a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets and left to live in the streets of the wealthy nation. Real estate prices have become the main topic around the dinner table in recent months, and public opinion and opposition criticisms have forced governments to prioritize housing and cost of living concerns.
IMF, World Bank to tackle climate goals among reforms at annual meetings
The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at their upcoming annual meetings in Morocco next week. "So we need to have a better mechanism for a faster resolution of the debt problem," she continued, urging world leaders to tackle the issue at the annual meetings. da-jmi-vog/dw
Disgraced crypto king pleads 'good faith' in US fraud trial
Two visions of Sam Bankman-Fried, the disgraced crypto king, clashed in a New York courtroom on Wednesday in the opening arguments of his blockbuster trial for fraud. Prosecutor Rehn indicated on Wednesday that she would testify at the trial and recount how "she and the defendant stole money from FTX customers".
Strike means strong US car sales may be on borrowed time
Ford reported increased US quarterly sales Wednesday, rounding out a series of upbeat performance updates in a still-robust auto market that has yet to feel significant pain from a labor strike.
Google's new phone to run AI on-device
Google on Wednesday said its latest premium-priced Pixel phone would have powerful generative AI models running independently on the device, as the search engine giant seeks to lure buyers away from the latest iPhone.
Actors and Hollywood studios hold strike talks
Striking Hollywood actors were due to meet with studio bosses in Los Angeles on Wednesday, raising hopes that hundreds of films and television shows could finally resume production soon. Some film and TV productions involving smaller Hollywood studios have already resumed, thanks to temporary waivers known as "interim agreements." amz/hg/st
AFP
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