July 1 (Reuters) - UMS Holdings Ltd:
* UMS ACQUIRES 5.38 ACRES OF INDUSTRIAL LAND AT PENANG SCIENCE PARK NORTH, MALAYSIA
* DEAL FOR S$4.5 MILLION Further company coverage:
Huawei Technologies has teamed up with Chinese foundry Wuhan Xinxin Semiconductor Manufacturing Co to develop high-bandwidth memory (HBM) chips, according to sources, as these devices have become an indispensable component in the computing infrastructure used for artificial intelligence (AI) projects. This initiative also involves mainland integrated circuit (IC) packaging firms Jiangsu Changjiang Electronics Tech and Tongfu Microelectronics, which are tasked to provide the so-called Chip on Waf
BERLIN (Reuters) -Germany's VDA auto association has urged the European Commission to drop its planned tariffs on China-made electric vehicles in a last-ditch effort to influence negotiations ahead of the tariffs kicking in on Thursday. The association said in a statement on Wednesday the tariffs would hurt European and U.S. carmakers exporting from China and risked retaliation by China with counter-tariffs, which would hit the German industry hard given its high volume of exports to China.
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in the United States. Similar investments have been announced in other countries that share free trade agreements with the United States, including South Korea and Mexico.
"I've flown round trip to Chicago for $30, Houston for $45, Miami for $50, etc."
For many people, retirement may seem like a far-off accomplishment, a glorious place that looms over a distant horizon. However, you might be in a position to close the gap and round the curve into...
BERLIN (Reuters) -Italy is planning to buy hundreds of tanks from Rheinmetall in what would be the German defence group's biggest ever order, valued at around 20 billion euros ($21.50 billion), the Handelsblatt business daily reported on Wednesday, citing industry sources. According to the plan, the Italian government would buy at least 350 Lynx armoured fighting vehicles and more than 200 Panther main battle tanks in an order spread over a 15-year period, Handelsblatt reported. Rheinmetall did not deny the report when asked for comment and said it would comment in due course.
Rising tensions in the Middle East are adding a premium to oil prices as traders weigh the potential of an interruption to Iran's oil supply.
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels' challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation. Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has been among the firmest backers. The issue will be put to members in an advisory vote in the coming weeks, the first official test of support in a landmark case for the Commission.
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
Russian energy giant Gazprom's average daily natural gas supplies to Europe jumped by almost 23% in June from a year earlier, rebounding from last year's post-Soviet lows, although they fell 8.6% from May, Reuters calculations showed on Tuesday. Exports were lower last month than in the previous month amid planned maintenance at the TurkStream undersea pipeline on June 6-9. The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 81.8 million cubic metres (mcm) last month from 89.5 mcm in May, but they were up from the 66.8 mcm in June 2023.
Mark Cuban, entrepreneur, venture capitalist and "Shark Tank" shark, knows a little something about being rich. According to Forbes, Cuban has a net worth of $5.4 billion. He also has advice for...
Hurricane Beryl is the earliest Category 5 storm on record. It's increasingly threatening to disrupt the oil market.
Shares of Meta (META) are dipping after European Union regulators issued a preliminary finding accusing the company of violating the Digital Markets Act. The antitrust issue in question is the company's recently introduced ad-supported social networking service. Yahoo Finance Reporter Dan Howley joins Catalysts to analyze the European regulatory agency's preliminary finding and what it means for Meta moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
China is far ahead of other countries in generative AI inventions like chatbots, filing six times more patents than its closest rival the United States, UN data showed on Wednesday.
Investing.com-- Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions.
STOCKHOLM (Reuters) -Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday. The Swedish company, controlled by China's Geely, makes all its EVs in China, but its new model, the Polestar 3, will be made in the United States from the end of this summer and its Polestar 4 in South Korea from the second half of next year. Until then, it will incur provisional tariffs of 20% for the cars it brings into the European Union under a proposal by the European Commission and more than 100% for the United States.
When Ted Rossman was at Newark Airport in New Jersey the other day, he got a shock along with his sandwich. Rossman, a senior industry analyst for financial information site Bankrate, went to a self-serve kiosk for a snack before a flight, scanned the item himself, and was asked for a tip. Which is why Americans are apparently fed up, according to a new Bankrate survey on the subject.
An entry-level attorney in the United States, according to data from Glassdoor, earns about $88,000 annually. However, when GOBankingRates reached out to those actively practicing law each person we...
In a rapid-fire series of internal appointments, Richemont has named Louis Ferla CEO of Cartier, and has tapped Catherine Rénier for the top job at Van Cleef & Arpels.
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