Palestinian Prime Minister Muhammad Shtayyeh speaks during a press conference after several major donor countries halted their funding to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), in the West Bank city of Ramallah on January 28, 2024, amid continuing battles between Israel and the Palestinian Hamas movement in Gaza. Zain Jaafar | AFP | Getty ImagesPalestinian Prime Minister Muhammad Shtayyeh said on Monday that he had submitted his resignation to allow the formation of a broad consensus among the Palestinians regarding political arrangements after the war launched by Israel against the Islamic Resistance Movement (Hamas) in…
Author: ricardofrancois
A general view shows the new semiconductor factory of Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary of Taiwanese chip giant TSMC.Philip Fung | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Company The company opened its first chip factory in Japan on Saturday as part of diversifying its supply chains away from Taiwan amid escalating trade tensions between the United States and China.Europe, the United States and other countries have turned to TSMC, the world's largest chipmaker with clients such as Nvidia and Apple, to set up local operations.Paul Yu, chairman of First Securities Investment Corporation, said last month that the global…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.South Korean officials unveiled measures on Monday to boost shareholder returns, as Seoul seeks to replicate Japan's success in raising stock valuations through a corporate governance drive.Last week, the Nikkei 225 soared past its all-time high after a 34-year wait, validating a decade-long reform effort by Japan that included the introduction of a “name and shame” system on the Tokyo Stock Exchange, which encouraged companies to focus . To increase the value of their companies.In a reflection of reforms in Japan, the…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.UK-based logistics group Wincanton is at the heart of a bidding war, with the agreed buyer increasing its offer and a third party also considering making a bid.CMA CGM, the French shipping group, last month agreed to buy the company for 450 pence per share in a recommended offer. On Monday, it increased its offer by more than 6 per cent to 480 pence, valuing the British group's shares at £605 million.But Wincanton also said it had “received an offer from a…
The Chinese Ministry of Commerce said on Monday that China strongly opposes the United States imposing sanctions on Chinese companies for reasons related to Russia.Feng Li | Getty Images News | Getty ImagesThe Chinese Ministry of Commerce said on Monday that China strongly opposes the United States imposing sanctions on Chinese companies for reasons related to Russia.The ministry said in a statement on its website that China will take necessary measures to protect the legitimate rights and interests of Chinese companies.The Biden administration on Friday announced new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates,…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.China's Ant Group has made a bid against Citadel Securities to buy Credit Suisse's Chinese securities unit, a move that will test Beijing's appetite to allow the company founded by Jack Ma to expand again after a long-running crackdown.Ant's bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS's plans to dispose of its stake in the unit. The deal would need regulatory approval, and Ant has been in the crosshairs of…
This photo taken on February 16, 2024 shows Chinese Coast Guard personnel aboard their rigid inflatable boat (left) closely following another vessel (right) manned by Philippine Bureau of Fisheries and Aquatic Resources personnel from BRP Datu Tamblot as they attempt to enter the Scarborough Shoal area. Controlled by China (in background), in disputed waters in the South China Sea Ted Algibi | AFP | Getty ImagesSatellite images of the hotly contested Scarborough Shoal in the South China Sea show a new floating barrier at its entrance, near where Philippine ships and Chinese Coast Guard vessels have repeatedly clashed.One image taken…
Google's Gemini AI image creation app is facing a lot of criticism. But this does not prevent the search and mobile giant from riding the wave of artificial intelligence and spreading it to more of its services. Google today announced a new set of features for phones, cars and wearables – using Gemini to craft messages, AI-generated photo captions, text summarization through Android Auto's AI, along with access to Passes on Wear OS. The new features were unveiled at the Mobile World Congress (MWC) in Barcelona – an event where Google, as the company behind Android, has featured strongly for…
Caller ID company Truecaller has launched a call recording and voice forwarding service for paid users in India, the company's largest market. The recording feature will be available to premium users on Android and iOS, with support for English and Hindi versions. In June 2023, the company introduced call recording for premium users in the US, and is now expanding the feature in India. The main difference is that due to regulations, receivers in the US will hear a beep when the user starts recording. This will not be the case in India. If you're using Truecaller on Android, the…
Caller ID company Truecaller has launched a call recording and voice forwarding service for paid users in India, the company's largest market. The recording feature will be available to premium users on Android and iOS, with support for English and Hindi versions. In June 2023, the company introduced call recording for premium users in the US, and is now expanding the feature in India. The main difference is that due to regulations, receivers in the US will hear a beep when the user starts recording. This will not be the case in India. If you're using Truecaller on Android, the…