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Samsung replaces chip chief with veteran exec Jun as SK Hynix takes AI lead

The move is likely aimed at catching up in the market for top-end chips used in artificial intelligence (AI) such as high bandwidth memory (HBM) chips where Samsung has fallen behind rivals

What's happening in Gaza is not genocide, says Biden as he defends Israel

Biden has faced protests at many of his events around the country from pro-Palestinian advocates who have labeled him Genocide Joe for his steadfast support for Israel

Pakistan's GDP grows 2.09% in Q3 supported by higher growth in agriculture

The bureau revised the first and second quarter GDP estimates for financial year 2023-2024 to 2.71 per cent and 1.79 per cent respectively, compared to earlier estimates of 2.5 per cent and 1 per cent

Britain's regulator seeks to rein in Mastercard and Visa fees on retailers

Cards are the most popular form of payment in Britain, with 27.1 billion transactions in 2022 worth 954 billion pounds

IBM's open source models to help Saudi Arabia train AI systems in Arabic

To make money off the models, IBM offers a paid tool it calls Watsonx that helps run the models smoothly inside a data center after they have been customised

GSK's trial drug Depemokimab shows reduction in severe asthma attacks

This form of asthma is characterised by high levels of eosinophils, which is a type of white blood cell.

India's Russian oil imports rise to 9-mth high in April as shipments resume

India, the world's third-biggest oil importer and consumer, is the top client for Russian seaborne oil

Australian telecom Telstra to cut nearly 2,800 jobs as competition stiffens

Telstra had more than 31,000 employees as of August 2023 according to its annual report

Apple supplier Foxconn among firms asked to cut power use in Vietnam

The request to Foxconn was an encouragement, not a requirement and has not had any impact on production, one of the people said

Govt reaffirms restrictions on import of non-compliant electronic products

There is no implication of this notification. The import policy for these categories in question were restricted anyway, so its status quo, a government official aware of the matter said on Tuesday.

Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks

The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said

AI-intensive sectors show surge in workers' productivity, says PwC

The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards

US elections 2024: Here's a list of candidates running for President's post

Trump, in office from 2017-2021, has secured enough delegates to clinch the Republican nomination, setting up the first presidential rematch in nearly 70 years

Will step down once successor is announced, says FDIC chair Gruenberg

Gruenberg had clung to his job since November when a Wall Street Journal report exposed widespread misconduct at the FDIC, despite outcry from multiple congressional Republicans and some Democrats

Asia stocks slip as investors await Fed meeting to gauge possible rate cut

Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally

Ford Motor backs new US rules to cut vehicle emissions through 2032

Earlier, a trade group representing General Motors, Toyota Motor, Volkswagen, Ford and nearly all other major automakers on Monday said it supported two key aspects of the rule

Dell Technologies deepens AI push with new PCs, Nvidia-powered servers

Its AI-capable PCs will come with the Qualcomm Snapdragon X series chips that feature neural processing units(NPUs) dedicated to processing complex AI tasks

Microsoft highlights 'Copilot+' PCs ahead of developer conference

Microsoft showed a feature called "Recall," which will help users find files and other data that they have seen on their PC, even if it was a tab opened in a Web browser

ICC arrest request for Israeli PM Netanyahu is unhelpful, says UK

President Joe Biden on Monday condemned as outrageous an attempt by the chief prosecutor of the world's top war crimes to seek arrest warrants for Israeli leaders

BMW imported 8,000 cars with parts from banned Chinese supplier: US Senate

The report found that Bourns Inc, a California-based auto supplier, had sourced components from Sichuan Jingweida Technology Group