Economy
Asian markets drop with Wall St as Biden sparks fresh chip fears
Asian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan. Meanwhile, Trump's comments that Taiwan -- home of the key chip-maker TSMC and other major producers -- should pay the US for its defence caused some geopolitical unease.
Cambodia looks to 'breathe' with controversial new canal
Dust covers everything in Lim Tong Eng's yard, thrown up by excavators toiling next door to enlarge a channel that Cambodia's government hopes will soon be a major shipping canal. That is contested by some experts, who note the channel outside Eng's house links directly to the Mekong mainstream, and that Cambodian officials increasingly tout the canal's irrigation benefits.
Disneyland workers threaten strike action over wages, treatment
More than 200 Disneyland Resort employees protested outside the world-famous California theme parks Wednesday, calling for better wages and denouncing alleged anti-union practices by the company ahead of a looming strike vote.
United to trim US capacity as profits rise
United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares. While airlines have described travel demand as still robust, carriers have pointed to an excess number of available seats that have pressured fares in the United States.
Dinosaur skeleton breaks auction record with $44.6 mn sale in New York
The largest stegosaurus skeleton ever found, nicknamed Apex, sold for a record breaking $44.6 million at auction in New York on Wednesday, Sotheby's said. The previous auction record of $31.8 million for a dinosaur skeleton was set in 2020 for a Tyrannosaurus Rex nicknamed "Stan."
US unveils Americas-wide plan to boost semiconductor production
Secretary of State Antony Blinken unveiled Wednesday a new plan for countries in the Americas to boost production of semiconductors, which are critical just about everywhere in modern industry and a sector dominated by China.
Price of 50kg rice hits new high as FG gives 20 trucks of rice each to governors
The price of a 50kg bag of rice has risen from N76,000 to N80,000 in a few days after FG removed import duties on food items and gave truckloads of rice to states.
South Korea's KHNP wins multi-billion-dollar Czech nuclear tender
South Korean power giant KHNP has won a tender worth billions of dollars to build two nuclear units at a Czech power plant, Czech Prime Minister Petr Fiala said on Wednesday. Fiala said the price offered by KHNP beat expectations, reaching around 200 billion Czech koruna ($8.65 billion) per unit if two units are built.
Nigeria missing from list of top 10 African countries with lowest debt to IMF
A recent report from the International Monetary Fund (IMF) has shown the list of 10 African countries with the least debt, with Nigeria missing on the chart.
Economy
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