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Taiwan’s TSMC reportedly considering more advanced US facility

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Co. (TSMC) is considering plans to increase its Arizona investment by tens of billions of dollars, according to Reuters. TSMC announc...

China's industrial output growth slows in April, retail sales miss forecasts

China's factory output growth slowed in April from the jump seen in the previous month while retail sales missed analyst expectations, indicating more pressure on the recovery in consumption. I...

Desperate for workers, US restaurants and stores raise pay

U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald’s, Sheetz and Chipotle...

DirectAsia Reveals 5 Factors That Could Influence Your Car Insurance Quotes in Singapore

SINGAPORE - Media OutReach - 14 May 2021 - Despite global economic disruptions brought about by the COVID-19 pandemic, car insurance premiums remain steep in Singapore. In a bid to help car owners m...

India's COVID crisis hits global shipping industry hard

Sheikh Karim, a seafarer in the eastern Indian state of Odisha, spends hours on his phone everyday, scrolling through overseas shipping jobs he can't apply for. Along with the Philippines and C...

Taiwan Air Force refuses to comment on reports of F-16s in Hawaii

TAIPEI (Taiwan News) — Air Force Command declined to comment on reports Thursday (May 13) that two Taiwan F-16s are making their way back to Taiwan after being upgraded to the Block 70 variant. ...

Marco Polo Marine 1HFY2021 EBITDA More Than Triples to S$3.9 Million

First Half EBITDA surges 255% YoY to S$3.9m on the back of higher revenue and margin expansionPositive signs have emerged recently, indicating the sector downturn may be bottoming-out SINGAPORE ...

Analysis: Japan Inc squeezed by surging costs and frugal consumer fears

At his factory in Tokyo, Shigeki Kato has a grim strategy to deal with rising costs that threaten profit margins: grin and bear it. Kato's Orion Industry Corp supplies precision steel sheets to...

Taiwan’s Asus unveils ZenFone 8 and ZenFone 8 Flip

TAIPEI (Taiwan News) — Asus revealed its two newest smartphones at a launch event on May 12 — its flagship ZenFone 8 and the ZenFone 8 Flip. The smaller ZenFone 8 is designed to fit com...

Australian telco fined $39M for exploiting Indigenous folk

CANBERRA, Australia (AP) — Australia’s largest telecommunications company Telstra was fined 50 million Australian dollars ($39 million) on Thursday for unconscionable conduct in selling remote Indigen...

Scrum of challengers awaits Cheney after House GOP ouster

CHEYENNE, Wyo. (AP) — For pro-Trump Republicans, removing Rep. Liz Cheney from House GOP leadership was relatively easy. Booting her from office will be another matter. The rush to p...

Asian shares spooked by US inflation alarm, yield jump

Asian shares faced a third day of losses on Thursday (May 13) after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to m...

Tech audit of Colonial Pipeline found 'glaring' problems

BOSTON (AP) — An outside audit three years ago of the major East Coast pipeline company hit by a cyberattack found “atrocious” information management practices and “a patchwork of poorly connected and...

Business Highlights: Cars are scarce, pipeline restarts

___ As chip shortage goes on, cars are scarce and prices are up DETROIT (AP) — Automakers are cutting production as they grapple with a global shortage of computer ...

EXPLAINER: With bankruptcy tossed, what's next for the NRA?

NEW YORK (AP) — Now that a judge has rejected the National Rifle Association’s bankruptcy bid, blocking its plan to reincorporate in Texas, the gun rights group is back to fighting a lawsuit that thre...