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Goldman Sachs to cut about 3,200 jobs this week after cost review

The cuts also come a week before the bank's traditional year-end compensation discussions

Taiwan passes 'Chips Act', offers tax credits to local chipmakers

Governments from US to Seoul have been offering incentives for domestic chip production, in hopes of reducing a reliance on Taiwan for advanced semiconductors and avoiding future supply disruptions

Cornwall channels Cape Canaveral with its first planned space flight

The flight, slated for Monday, involves a so-called horizontal launch, with a rocket deployed from beneath a modified Boeing Co. 747 jet departing from Newquay's former air force runway

Cornwall channels Cape Canaveral with its first planned space flight

The flight, slated for Monday, involves a so-called horizontal launch, with a rocket deployed from beneath a modified Boeing Co. 747 jet departing from Newquay's former air force runway

iPhone exports from India doubled to surpass $2.5 billion in April-December

While India makes up just a fraction of iPhone output, rising exports bode well for Prime Minister Narendra Modi's plan to make the country an alternative to China as factory to the world

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge

Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on the price of Paxlovid

China chips ban: Why US wants S Korea, Japan and the Netherlands on board

The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China

Twitter has a good chance of sliding slowly into irrelevance, like MySpace

Musk has little choice but to hurriedly monetize his new asset, unless he's to pay that debt out of his own pocket

China's open borders mark an end to covid zero, spark homecoming rush

While the Covid zero policy managed to keep the virus at bay for much of the pandemic as it killed millions elsewhere, they became increasingly irrelevant with emergence of more infectious variants

Global economy may be entering a difficult era and economists are worried

The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession

Urgent action needed to dilute risk of downturn, says World Bank

Even without another crisis, global growth this year "is expected to decelerate sharply" the World Bank said

Year of Bond starts with a $150 bin sales spree; may spill over this week

Hong Kong raising $5.8 billion via its biggest-ever green bond

Vladimir Putin's energy gambit fizzles as warm winter saves Europe

While a cold snap or delivery disruptions could still throw energy markets into disarray, optimism is growing that Europe can now make it through this winter and next

Diaspora set to rush home as China dismantles Covid Zero, opens borders

The reopening of China's borders marks the end of Covid Zero, a strategy that left it isolated for three years and weighed heavily on its economy

China reopening may add almost 1% to Australia's economic output: JPMorgan

Chinese student and tourist arrivals may add nearly one percentage point to Australia's economic output over the next two years, according to JPMorgan Chase & Co

Jack Ma to cede control of Ant Group following China's tech crackdown

The company will give 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma's voting control of Ant, according to an announcement

Trump, his company and three of his children ordered to face NY fraud suit

The Trumps' motion to dismiss the civil fraud suit brought by New York Attorney General Letitia James was denied Friday by state court Justice Arthur Engoron

US hiring solid but wages cool, giving Fed room to slow rate hikes

Non-farm payrolls increased 223,000 in December, capping a near-record year for job growth, a Labor Department report showed on Friday

Tesla's board takes more heat over Elon Musk succession planning

Karen Róbertsdóttir has submitted a resolution for Tesla investors to vote in May on whether the board should prepare and maintain a key-person risk report

Prefer cheaper European stocks to US equities: Citigroup strategists

With recession now also looming in America, investors are turning their back on expensive mega caps and focusing on Europe's cheap valuations