Newsfeed – Business News
Shipping giants turn to trucking as Hormuz blockade pushes freight charges past pandemic levels
MOSCOW, May 17 — Large shipping companies have begun using land transport to move fuel amid the partial blockage of the Strait of Hormuz caused by the West Asia crisis, […]
Samsung strike threat puts South Korea on edge with chip giant tied to quarter of exports
SEOUL, May 17 — South Korea will pursue all options, including emergency arbitration, to avoid a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage […]
India scrambles to stop rupee slide as oil shock drives currency to record low
MUMBAI, May 17 — India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world’s fastest-growing major economy. […]
Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
THE HAGUE, May 18 — Dutch tech giant ASML signed a deal with Tata Electronics Saturday to help build and scale up a semi-conductor plant in India, overseen by Prime […]
Iraq says Strait of Hormuz disruption slashed monthly oil exports by nearly 90pc
BAGHDAD, May 16 — Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the […]
SpaceX shareholders approve 5-for-1 stock split ahead of planned IPO
CALIFORNIA, May 16 — A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported yesterday, citing people familiar with the matter. […]
How Samsung’s AI chip success has led workers to threaten its biggest-ever strike
Samsung higher bonuses for memory workers vs foundry employees, transcripts show Samsung says foundry/system LSI business is making losses Samsung foundry supplies AI chips to Tesla, Nvidia Employees worry internal […]
Boeing confirms China commitment to buy 200 aircraft, Trump says deal could reach 950 planes
NEW YORK, May 16 — Aerospace giant Boeing yesterday confirmed that China had committed to purchasing 200 aircraft during a visit to Beijing by US President Donald Trump — a […]
China, US agree to implement ‘all’ trade agreements as Trump touts ‘fantastic’ deals
BEIJING, May 16 — China and the US agreed to continue implementing “all” agreements previously reached and to establish councils for trade and investment, Beijing’s top diplomat said in a […]
UAE to fast‑track oil pipeline to bypass Strait of Hormuz by 2027
West-East Pipeline to double oil export capacity via Fujairah New pipeline expected to be operational by 2027 Strait of Hormuz’s effective closure has boosted energy prices ABU DHABI, May 15 […]