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Day: May 12, 2024

Morning Bid: Inflation, tariffs dominate market landscape
Business

Morning Bid: Inflation, tariffs dominate market landscape

May 12, 2024May 12, 2024

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Inflation data from the world’s three largest economies – China, the

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Factbox-Who is Andrei Belousov, Putin’s choice as defence minister?
Top News

Factbox-Who is Andrei Belousov, Putin’s choice as defence minister?

May 12, 2024May 12, 2024

MOSCOW (Reuters) – Russian President Vladimir Putin has proposed a surprise new defence minister, nominating civilian Andrei Belousov, a former deputy prime minister who specialises

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Arm plans to launch AI chips in 2025, Nikkei reports
Business

Arm plans to launch AI chips in 2025, Nikkei reports

May 12, 2024May 12, 2024

(Reuters) -SoftBank Group’s Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday. UK-based

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Wildfire evacuation notice issued for oil sands rich Alberta town
Top News

Wildfire evacuation notice issued for oil sands rich Alberta town

May 12, 2024May 12, 2024

TORONTO (Reuters) -An evacuation alert has been issued for Fort McMurray, Alberta, as an out-of-control fire rages southwest of the major Canadian oil town, making

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South Korea prepares support package worth over $7 billion for chip industry
Business

South Korea prepares support package worth over $7 billion for chip industry

May 12, 2024May 12, 2024

SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion),

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