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19879 articles published since 08 Mar 2022

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Markets rise as Trump chip exemptions boost tech giants
Markets rise as Trump chip exemptions boost tech giants
Business and Economy

Asian equities rose Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a threatened 100-percent tariff on semiconductors. "Yes, 100 percent tariffs are unpalatable but if companies are given time to restore them, the real tax is just the higher cost of building chips in the United States."

United Airlines flights grounded in the US
United Airlines flights grounded in the US
Business and Economy

Thousands of US air passengers were facing delays Wednesday after United Airlines halted many departures in the wake of a systemwide problem. "We are working with customers to get them to their destinations after a technology disruption on Wednesday evening," the airline said in a statement.

For Argentine farmers, Milei's free-market reforms fall short
For Argentine farmers, Milei's free-market reforms fall short
Business and Economy

Twenty months after Argentina's President Javier Milei came to power vowing to lead a free-market revolution in the so-called sick man of South America, the farming community is egging him on to go further. - Bumpy route to market - Milei was elected on a promise to cut spending, tame inflation and erase a steep budget deficit.

Bank of England set to cut rate as UK economy weakens
Bank of England set to cut rate as UK economy weakens
Business and Economy

The Bank of England is widely expected to cut its key interest rate Thursday, with policymakers mindful of US tariffs and their potential risks to an already-struggling UK economy. The European Central Bank is meanwhile widely expected to keep rates unchanged at its next meeting, with eurozone inflation around the ECB's two-percent target.

Apple to invest additional $100 bn in US
Apple to invest additional $100 bn in US
Business and Economy

Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, US President Donald Trump said Wednesday. In February, Apple said it would spend more than $500 billion in the United States and hire 20,000 people, with Trump quickly taking credit for the decision.

US government gets a year of ChatGPT Enterprise for $1
US government gets a year of ChatGPT Enterprise for $1
Business and Economy

OpenAI on Wednesday said it was letting the US government use a version of ChatGPT designed for businesses for a year, charging just $1 for the service. OpenAI, in "coordination" with the US government, will help countries build data centers and provide customized versions of ChatGPT, according to the tech firm.

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