MacBook order a boost for TSMC

MacBook order a boost for TSMC

(ATF) Taiwan Semiconductor Manufacturing Company dimmed its 2020 sales outlook in April as the world coronavirus pandemic hit consumer spending. Later the company better known as just TSMC reportedly quit producing for Huawei – a Chinese tech giant embroiled in the Sino-US trade dispute – to follow rules that would ...

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Chinese miffed after 'ally' Putin sells fighter jets to India

Chinese miffed after 'ally' Putin sells fighter jets to India

(ATF) President Xi Jinping has had a rough year to date and recently he got a sharp reminder of realpolitik when Russia expressed support to India over its border conflict with China – and agreed to a big arms deal last week with its old ally on the Subcontinent. Some ...

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Logistics giant BEST expands into Southeast Asia

Logistics giant BEST expands into Southeast Asia

(ATF) BEST Inc, a leading supply-chain service provider headquartered in eastern China's Zhejiang Province, announced on Thursday that it has launched logistics services in Malaysia, Cambodia and Singapore. The company plans to build 400 express delivery stations and 12 trans-shipment centres in the three countries over the next three years. ...

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Tesla becomes richest auto group as Detroit giants see sales drop

Tesla becomes richest auto group as Detroit giants see sales drop

Tesla engineered its latest coup on Wednesday, becoming the world's richest car company while two of Detroit's old guard – General Motors and Fiat Chrysler – reported sagging auto sales amid the coronavirus pandemic. Led by Elon Musk, Tesla has seen ups and downs but its shares have risen steadily ...

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India’s Airtel arm attracts US PE investor

India’s Airtel arm attracts US PE investor

As India undergoes a rapid digital transformation, led by increasing broadband internet usage and data consumption, telecom companies are strengthening their data portfolio. In the latest development, US-based private equity firm Carlyle Group is set to pick up 25% stake in telecom major Bharti Airtel’s subsidiary Nxtra Data . The ...

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Australia defence spending hike aims at China

Australia defence spending hike aims at China

Australia has announced a major shift in its defence strategy to challenge China’s threat in the Indo-Pacific, with US$185 billion newly budgeted for long-range missiles, satellite surveillance and other counter-measures. Likely to be supplied by the US over the next ten years, the weapons will not boost defence spending in ...

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Airbus cuts 15,000 jobs to face grave aviation crisis

Airbus cuts 15,000 jobs to face grave aviation crisis

European aircraft maker Airbus said on Tuesday it is planning to cut around 15,000 jobs worldwide, 11% of its total workforce, in response to the "gravest crisis" the industry has ever seen caused by the coronavirus. The cuts are to be implemented by the summer of 2021, Airbus said in ...

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