China Accuses UK of ‘Abusing State Power’ to Block Microchip Factory Takeover

 / Go to the mediabankMicrochip / Go to the mediabankInternationalIndiaAfricaJames TweedieThe UK’s Department for Business, Energy and Industrial Strategy ordered Nexperia, a Dutch subsidiary of China’s Wingtech, to sell its controlling stake in a Welsh microchip precursor factory this week for fear it could “undermine UK capabilities” in fields such as telecoms and facial recognition.Beijing has […]

South African Mining Firm to Spend $616 Mln on Lithium Project in Finland

Workers drive past a sign of the Sibanye-Stillwater Driefontein gold mine near Carletonville, near Johannesburg, on May 5, 2018InternationalIndiaAfricaIn October, Sibanye-Stillwater, a South African mining corporation, obtained control over Keliber, a Finnish battery chemicals producer, by acquiring around 55% of its shares, raising Sibanye’s total shareholding to 85%.On Monday, Sibanye announced that its board had […]

‘It Could Be a Hurricane’: JPMorgan CEO Warns Inflation Could Drag US Into Recession in 2023

JPMorgan Chase CEO Jamie Dimon at Saudi Arabia’s Future Investment Initiative conference in Riyadh in October 2022.InternationalIndiaAfricaEven though economic reports continue to show strength in the US economy, investors are nonetheless behaving as if more volatile times are coming, dodging riskier bets and keeping market gains low.Speaking to CNBC on Tuesday, Jamie Dimon, CEO of […]

Half of US Companies That Announced Layoffs Unlikely to Survive Restructuring, Expert Says

Twitter, Facebook InternationalIndiaAfricaWASHINGTON (Sputnik) – Nearly half of the companies that announced mass layoffs may not survive the restructuring, an analyst told Sputnik, adding that Meta* and Twitter are in the high-risk zone.In recent months, a number of major IT, financial and multimedia companies have announced significant layoffs. The most notable ones include Meta, Twitter, […]

Home Depot Co-Founder ‘Worried About Capitalism’ Saying ‘Nobody Works’ Due to Socialism

Home Depot Co-Founder Bernie MarcusInternationalIndiaAfricaThe billionaire complained that “socialism” is to blame for Americans having invented so many reasons not to work – “I’m too lazy, I’m too fat, I’m too stupid.”The founder of Home Depot has raised eyebrows by claiming he’s “worried about capitalism” and blames “socialism” for what he described as an eroded […]