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Bitcoin slides to four-month lows, ether sinks 8%
SINGAPORE (Reuters) - Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden…
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Samsung’s stock marks three-year high after profit leaps 15-fold
(Bloomberg) — Samsung Electronics Co. (005930.KS) posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.Most Read…
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Oil prices on track for fourth straight week of gains
SINGAPORE (Reuters) - Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels…
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TCS, HCL Earnings Recovery May Get Further Push From AI Demand
(Bloomberg) -- Earnings guidance from Indian IT outsourcing firms including Tata Consultancy Services Ltd. and HCL Technologies Ltd. will reveal how the much-awaited recovery is shaping up.Most Read from BloombergWith…
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Goldman and Citi Predict More Gains for Nvidia Supplier Hynix After 90% Rally
(Bloomberg) -- Shares in South Korea’s SK Hynix Inc., a key supplier to Nvidia Corp., have jumped more than 90% over the past year and Wall Street is predicting further…
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Samsung’s Profit Grows Fastest in Years After AI Propels Chips
(Bloomberg) -- Samsung Electronics Co. posted its fastest pace of profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.Most Read from BloombergThe world’s…
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Netflix, Paramount Ask Canada Court to Amend New Trudeau Tax
(Bloomberg) -- US streaming-service giants are asking a Canadian court to amend Prime Minister Justin Trudeau’s new 5% tax on their revenues in the country to remove the requirement that…
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Musk’s X Risks Fine as EU Steps Up Crackdown on Big Tech
(Bloomberg) -- Elon Musk’s social media platform X is set to be served with a formal warning for failing to combat dangerous content, in the third show of force by…
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Canada Enacts Digital-Services Tax Amid US Reprisal Threat
(Bloomberg) -- Canadian Prime Minister Justin Trudeau’s government has authorized the implementation of a digital-services tax on large foreign technology companies, despite warnings of trade retaliation from the US.Most Read…
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Canada Invests Millions to Build Chip Network as US Races Ahead
(Bloomberg) -- Canada will invest C$120 million ($88.2 million) over five years to build a national chip network, as calls intensify for the government to do more to bolster its…
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Startups Slam UK Finance For ‘Dangerous’ Tax Penalty Proposal
(Bloomberg) -- A proposal to penalize UK startups that take advantage of state support and then list abroad of has been called “dumb” and “dangerous” by a group representing early-stage…
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Huawei exec rejects idea that advanced chip shortage will hamper China’s AI ambitions
BEIJING (Reuters) - A senior executive at Chinese technology giant Huawei on Thursday dismissed the idea that a shortage of the most advanced artificial intelligence chips will hinder the country's…