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Taiwan says TSMC investment 'historic moment' for US ties
Taiwan says TSMC investment 'historic moment' for US ties
by  AFP

Taiwanese chipmaking giant TSMC's plan to invest $100 billion in the United States was a "historic moment" for Taiwan-US ties, the island's President Lai Ching-te said on Thursday. It will take the total amount the world's biggest chipmaker has pledged to invest in the United States to $165 billion, which TSMC said was the "largest single foreign direct investment in US history".

Ukraine titanium mine hopes US deal will bring funds
Ukraine titanium mine hopes US deal will bring funds
by  AFP

In a barren, yellow-and-grey moonscape, heavy machinery grinds away at a titanium mine in the heart of Ukraine. Ukraine, which has around five percent of global mineral resources, is the 11th biggest titanium producer in the world, according to World Mining Data.

7-Eleven owner seeks to fend off takeover with buyback, US IPO
7-Eleven owner seeks to fend off takeover with buyback, US IPO
by  AFP

The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit. Reports of the raft of measures, that appeared before the retailer's announcement, caused its shares to surge as much as 10 percent in afternoon trade.

Acquittal of Fukushima operator ex-bosses finalised
Acquittal of Fukushima operator ex-bosses finalised
by  AFP

Japan's top court said Thursday it had finalised the acquittal of two former executives from the operator of the Fukushima nuclear plant charged with professional negligence over the 2011 meltdown. In March 2011, a massive tsunami swamped the Fukushima Daiichi plant on Japan's northeastern coast after an undersea 9.0-magnitude earthquake, the country's strongest in recorded history.

Chinese economy faces rising international 'uncertainty', official says
Chinese economy faces rising international 'uncertainty', official says
by  AFP

China's economy is facing growing "uncertainty" in the international environment, as well as insufficient domestic demand, a top economic official said on Thursday. He also said "we are also facing some problems such as insufficient domestic demand, production and operation difficulties in some industries and some enterprises".

Strikes hit Lufthansa profits, Olympics dent Air France
Strikes hit Lufthansa profits, Olympics dent Air France
by  AFP

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year. It also pointed to problems caused by "significantly higher costs, especially in Germany" as well as "further delays in aircraft deliveries".