Page 10 - Bloomberg

Chip globalisation is over, and sanctions work: TSMC founder Morris Chang

In the chips sector, globalization is dead. Free trade is dead, Chang said at an event in Taipei Thursday

Here's what a top lawyer thinks of entry of foreign law firms into India

Reversing a decades-long stance, the Bar Council of India this week permitted firms from certain countries to register in India, open offices and advise local clients on international law

Maternal mortality rate in US soared 40% during Covid-19 pandemic

Wider access to insurance coverage to improve prenatal and follow-up care, and increasing transportation to medical facilities could help lower the death rate, according to the CDC

Nifty 50 index heads for technical correction amid global turmoil

Rising interest rates, coupled with this year's rout in the Adani conglomerate's stocks, have also weighed on the local market

Baidu showcases China's answer to ChatGPT to lead transformative technology

The Beijing-based company is leading a race with the likes of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to create a next-generation platform for the world's largest internet market

US Fed's loans to provide $2 trn of liquidity in banking system: JP Morgan

The Bank Term Funding Program should be able to inject enough reserves into the banking system to reduce reserve scarcity and reverse the tightening that has taken place over the past year

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose

SVB collapse exposes rifts in typically chummy venture capital world

There's no clear consensus on whether to celebrate or blame VCs who told founders to pull out their money

Japan needs South Korea to defend against North Korea's missile tests

The prosecutor-turned-politician Yeol made it a high priority six months ago to find a way to pay people forced to work at Japanese colonial-era mines and factories that was acceptable to Tokyo

Silicon Valley Bank loans could be letdown for private equity giants

The FDIC has a broad mandate to try to sell Silicon Valley Bank and Signature Bank assets at the best possible price to aid recoveries, whether that's as a whole or in pieces

Singapore's Changi snatches back 'World's Best Airport' crown from Qatar

The Asian hub edged Doha's Hamad International Airport into second place, with Tokyo's Haneda Airport bagging third, in the Skytrax World Airport Awards 2023

US demands TikTok owner ByteDance sell stakes or face ban: Report

TikTok's owners may retain some form of ownership but through a passive structure

Credit Suisse explodes into full-blown crisis as stocks, bonds crater

The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress

Credit Suisse default swaps 18x UBS Group AG, 9x Deutsche Bank

One-year credit default swaps for the embattled Swiss lender were indicated at 835.9 basis points on Tuesday's close of business

Credit Suisse left in the lurch, sparks selloff across global markets

Asked whether Saudi National Bank was open to further cash injections, Chairman Ammar Al Khudairy said "absolutely not."

Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank

He is part of Indian Prime Minister Narendra Modi's Economic Advisory Council and head of research at Credit Suisse's local unit, according to the bank's website

What is ChatGPT-4 and how to use it right now: Everything you need to know

ChatGPT-4 is more accurate, creative and collaborative than the previous iteration, ChatGPT-3.5, and "40% more likely" to produce factual responses

Japanese startup tells new hires they need to know ChatGPT for job

The startup, which focuses on promoting digitizing business transactions, is confident it's on the right side of a growing divide over the use of the technology

Apple delays bonuses for some, limits hiring in latest cost-cutting effort

The majority of Apple's divisions had already moved to a once-a-year schedule for bonuses and promotions, including software engineering and services

Meta to cut 10,000 jobs, close about 5,000 open roles in efficiency push

The Facebook parent company has been marketing 2023 as a "year of efficiency" in an effort to improve its financial performance and achieve longer-term goals