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Samsung to pick Taylor, Texas, for its $17 bln chip plant – WSJ

South Korean tech giant Samsung Electronics Co Ltd (005930.KS) said on Tuesday it had not made a final decision on the location of a new $17 billion chip plant in the United States, after the Wall Street Journal reported it would be Taylor, Texas.

Analysis: Visa’s Amazon spat shows power is shifting to retailers in fee battle

Amazon.com Inc (AMZN.O)’s latest spat with Visa (V.N) shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company.

EXCLUSIVE In strategy shift, Louis Vuitton considers first duty free store in China’s Hainan

Louis Vuitton is considering opening its first duty free store in China on the emerging luxury island hub of Hainan, according to two sources, in a move that would mark a new approach for the world’s largest luxury label.

Global luxury sales set to outpace pre-COVID levels this year, Bain says

The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.

Netflix’s ‘Squid Game’ estimated to be worth about $900 mln – Bloomberg News

“Squid Game,” Netflix Inc’s (NFLX.O) biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document.

COVID-19 cases are declining in Sydney as restrictions in virus hotspots are relaxed!

The Australian state of New South Wales (NSW) confirmed the minimum daily increase in COVID 19 case scenarios in more than three weeks on Monday, following the relaxation of certain lockdown restrictions in Sydney, the state capital, allowing for higher vaccination levels. The Premier of New South Wales, Gladys Berejiklian, announced that…

When the chips are down: global shortage to keep crimping carmakers

LONDON, Aug 3 (Reuters) – BMW (BMWG.DE) and Stellantis (STLA.MI) became the latest major carmakers to…

BMW says chip shortage, raw material prices to hit second half

BMW (BMWG.DE) raised its 2021 profit forecast on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second half of the year.