Economy
US extends China chip waiver for Taiwan's TSMC: minister
The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday. Semiconductors have become a flashpoint issue between the United States and China, which are locked in a fierce battle over access to chip-making technology and supplies.
Markets snap week-long rally as US inflation dents rate hopes
Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year.
Mysterious rise in US Treasury yields perturbs markets
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."
Talks to end Hollywood actors' strike collapse
Talks between Hollywood actors and studios over an ongoing strike have collapsed, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry. Last month the studios struck a deal with Hollywood writers, ending that union's separate stoppage.
“$1 trillion in 8 years:” New CBN Governor sets agenda For new GDP goal for Nigeria
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, said Nigeria could achieve a $1 trillion dollar GDP in eight years if the right steps are taken.
Delta profits jump as international travel stays strong
Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors. Also, Hauenstein acknowledged that Delta was probably the most impacted airline due to strikes by actors and US auto workers.
Zambia signs debt deal with creditors: IMF chief
Zambia has signed a long-sought debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic. - Sri Lanka near deal - Zambia, whose total debt amounted to $32.8 billion at the end of 2022, defaulted on its $18.6 billion foreign debt in 2020 at the height of the Covid-19 pandemic.
Gibraltar votes in closely fought election
Gibraltar votes on Thursday in a tight election which could affect talks on a deal settling the tiny British overseas territory's ties with the European Union following Brexit.
Israel-Hamas war a 'new cloud' over world economy: IMF
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy. The conflict, which erupted when Palestinian militant group Hamas launched a bloody attack on Israel from Gaza on Saturday, has raised concerns about its potential impact on the world economy.
Economy
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