TSMC’s new advanced fab site in Arizona, US, faces uncertainty as its inauguration ceremony has been put on hold. The Taiwanese semiconductor manufacturer notified invited guests that the opening ceremony will be rescheduled. The delay is reportedly due to unspecified reasons and may cause a disruption to TSMC’s expansion plans in the region. Industry sources … Read more
Tesla CEO Elon Musk’s ambitious plan for its cylindrical 4680 battery has faced criticism from Contemporary Amperex Technology Limited (CATL), a leading Chinese battery manufacturer. CATL’s founder and chairman, Robin Zeng, dismissed Tesla’s approach as “misguided” and claimed that Musk doesn’t understand how to make batteries. The debate centers on the benefits of different battery … Read more
CATL, the Chinese electric vehicle manufacturer, has been making waves in the industry with its latest move into producing EV platforms and solid-state batteries. In an interview, CATL founder Robin Zeng made some bold comments about his dealings with Tesla CEO Elon Musk. According to Zeng, he had a heated debate with Musk over the … Read more
Russia is experiencing a surge in food prices, with staples like potatoes and butter seeing significant increases. According to the Federal Statistics Service, the price of potatoes has skyrocketed by at least 73% compared to the start of the year, while butter costs have risen by over 30%. These rises top the list of essential … Read more
A growing number of open-source developers are speaking out about their struggles to make ends meet while contributing to popular projects like WordPress and Drupal. The issue has sparked a heated debate over fairness, funding, and the role of commercial entities in supporting these ecosystems. Matt Mullenweg, founder of WordPress, recently accused WP Engine, a … Read more
President-elect Donald Trump has ruled out appointing JPMorgan Chase & Co.’s Jamie Dimon to any position in his administration, despite expressing respect for the banking executive. Trump selected former congressman Denis Kennedy instead for a role at the Department of Veterans Affairs. In a post on his Truth Social network, Trump thanked Dimon for his … Read more
President-elect Donald J. Trump has nominated Robert F. Kennedy Jr., a vaccine skeptic, to lead the Department of Health and Human Services. The nomination has sparked controversy due to Mr. Kennedy’s unorthodox views on medicine and his association with anti-vaccination groups. Mr. Trump announced the nomination in a statement, saying he wants to “let [Mr. … Read more
Russia is facing a mounting risk of stagflation, a phenomenon where high inflation coexists with economic stagnation or recession, according to a Kremlin-backed think tank. TsMAKP warned that the country’s high interest rates would trigger an economic downturn, despite continued inflation. The tight monetary policy has cost businesses profitability and risks sparking bankruptcies. With inflation … Read more
Palantir Technologies Inc (PLTR) shares rose 3.87% in Thursday’s after-hours session after the company announced its plan to transfer its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The move is expected to take effect on November 26, and Palantir’s Class A common stock will continue to trade under … Read more
President-elect Donald Trump’s Republican party has secured control of both chambers of Congress, paving the way for his economic agenda to be implemented. The proposed tariffs on imported goods and services are expected to have mixed effects, with some short-term gains in trade deficit reduction but long-term concerns about inflation and economic growth. Tariffs are … Read more