TSMC sees resilient chip sales boosting Q3; electronics demand cooling
Taiwan’s TSMC (2330.TW) forecast revenue growth that could be the highest in 10 quarters, saying it was “highly confident” about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.
Futures fall with investors wary ahead of earnings
U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.
Scandal-ridden Boris Johnson to quit as UK prime minister
Boris Johnson will announce his resignation as British prime minister on Thursday after he was abandoned by ministers and his Conservative Party’s lawmakers who said he was no longer fit to govern.
Bank of England tells lenders to brace for economic storm
The Bank of England warned on Tuesday that the economic outlook for Britain and the world had darkened and told banks to ramp up capital buffers to ensure they can weather the storm.
Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment
Amazon (AMZN.O) has agreed to take a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year.
Explainer: How Macron’s inflation relief law tests France’s new political order
President Emmanuel Macron’s government will get its first taste of life under France’s new political order in the days ahead when it tables a bill to help households cope with runaway inflation without a controlling majority in parliament.
World stocks skid as consumer data flashes recession worry
Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession.
Hong Kong’s top finance executives bank on city to thrive as gateway to China
In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system.
Analysis: Meme stock investors place risky bet on bankrupt Revlon being the next Hertz
The 30-year-old plumber from Oxford, North Carolina, scored a 350% profit last week by selling half the shares in the U.S. cosmetics maker he bought after it filed for bankruptcy protection on June 16. He thinks he can make even more by holding on to the rest of his shares through the bankruptcy.
COVID-19 vaccine scheme for world’s poorest pushes for delivery slowdown
Leaders of the global scheme aiming to get COVID-19 vaccines to the world’s poorest are pushing manufacturers including Pfizer (PFE.N) and Moderna (MRNA.O) to cut or slow deliveries of about half a billion shots so doses are not wasted.
