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BUSINESS

Foxconn exits $19.4bn chip deal in India

AFP, Published on 11/07/2023

» TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

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BUSINESS

Carbon 'capture' tech is booming, and confusing

AFP, Published on 04/07/2023

» PARIs: Humanity's failure to draw down planet-heating carbon dioxide emissions — 41 billion tonnes in 2022 — has thrust once-marginal options for capping or reducing CO2 in the atmosphere to centre stage in climate policy and investment.

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BUSINESS

US and Korea seek extradition of crypto fugitive

AFP, Published on 29/03/2023

» PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.

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BUSINESS

'More the merrier': Asia tourist hubs ready for China influx

AFP, Published on 06/01/2023

» TOKYO: In Tokyo's Asakusa tourist district, caricaturist Masashi Higashitani is dusting off his Chinese as he prepares for an influx of travellers after Beijing ends inbound quarantine rules.

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BUSINESS

Qatar announces first major gas deal for Germany

AFP, Published on 29/11/2022

» DOHA: Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.

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BUSINESS

Google handed setback as EU court upholds record fine

AFP, Published on 14/09/2022

» LUXEMBOURG: The European Union's second-highest court on Wednesday overwhelmingly upheld the EU's record fine against Google over its Android operating system for mobile phones, slightly reducing the fee for technical reasons.

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BUSINESS

China's Taiwan war games threaten more global supply chain disruption

AFP, Published on 04/08/2022

» BEIJING: Chinese military exercises around Taiwan are set to disrupt one of the world's busiest shipping zones, analysts told AFP, highlighting the island's critical position in already stretched global supply chains.

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BUSINESS

Rolls-Royce champions energy transition at Farnborough

AFP, Published on 20/07/2022

» LONDON: British aircraft engine maker Rolls-Royce is "championing" the energy transition and the decarbonisation of aviation, its outgoing chief executive Warren East told AFP on Tuesday at the Farnborough airshow.

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BUSINESS

Farnborough airshow opens amid heatwave

AFP, Published on 18/07/2022

» FARNBOROUGH: Global aviation's Farnborough airshow opens Monday amid a sweltering heatwave, with the sector aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.

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BUSINESS

Italy's Eni joins giant Qatar gas project after Russian cuts

AFP, Published on 19/06/2022

» DOHA - Italian company Eni on Sunday joined Qatar Energy's project to expand production from the world's biggest natural gas field, days after Russia slashed supplies to Italy.