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What TSMC's $100 bn investment in the US means for Taiwan
Taiwanese chip-making giant TSMC plans to invest a whopping $100 billion in the United States, after US President Donald Trump threatened to slap tariffs on overseas-made chips. It follows Trump's accusations that Taiwan stole the US chip industry and his threats to impose tariffs of up to 100 percent -- and Taipei's promises to invest more in the United States.
China says to hike defence spending by 7.2% this year
China's defence spending will rise by 7.2 percent in 2025, the same as last year, Beijing said on Wednesday, as its armed forces undergo rapid modernisation and eye deepening strategic competition with the United States. China's military spending last year made up 1.6 percent of its GDP, far less than the United States or Russia, according to the Stockholm International Peace Research Institute.
Asian stocks rebound on China stimulus package
Asian markets were mostly up Wednesday as investors weighed bullish growth targets announced by China despite its sluggish economy and the looming prospect of a global trade war. "Investors don’t like tariffs, and they are deeply uncomfortable with President Trump's new world order, which is weighing on market sentiment," said Kathleen Brooks, research director at XTB trading platform.
Musk fails in bid to block OpenAI becoming for-profit business
A US judge on Tuesday denied Elon Musk's request to prevent OpenAI from becoming a for-profit business in a loss for the Tesla tycoon amid his feud with Sam Altman.
Europe's Ariane 6 rocket launch rescheduled to March 6
The first commercial mission of Europe's new heavy-lift rocket Ariane 6 has been rescheduled for Thursday, French company Arianespace announced, after an "anomaly" forced a last-minute postponement. But minutes before Monday's blast off from Europe's spaceport in Kourou, French Guiana, the company found an "anomaly" in one of the refuelling pipes.
Trump tariff uncertainty overshadows growth promises: analysts
President Donald Trump's tariffs and the retaliation they attracted will likely weigh on US growth and boost inflation, according to analysts, but, beyond that, uncertainty surrounding the levies threatens to overshadow optimism about his future policies.
Tech giants object as YouTube set to dodge Australian social media ban
Australia's plan to exempt YouTube from a world-leading teen social media ban is "illogical" and a "mockery", rival tech giants Meta and TikTok said Wednesday. While a host of countries from France to China have mooted similar measures, Australia's looming ban would be one of the strictest in the world.
Advocacy group fears US will steer broadband cash to Musk
An internet rights group on Tuesday raised alarm over reports the United States may steer billions of dollars to Elon Musk's Starlink by making changes to a rural broadband deployment program. Starlink is a unit of Musk's SpaceX company.
Trump gives Chevron a month to 'wind down' Venezuela operations
The United States on Tuesday gave energy giant Chevron just one month to stop its operations in Venezuela, delivering a heavy blow to cash-strapped authorities in Caracas. But a Treasury Department unit said Tuesday that Chevron must stop pumping within 30 days, a timeframe industry insiders described as unrealistic.
AFP
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