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Intel Secures Up to $3.5 Billion in Federal Grants for U.S. Military Semiconductor Production

Intel Corp has officially qualified for up to $3.5 billion in federal grants to support the production of semiconductors for the U.S. Department of Defense, according to a Bloomberg News report on Friday. This substantial funding boost comes after the chipmaker finalized a binding agreement with U.S.

Nvidia's Stock Surge Creates Big Ripples in the S&P 500, Raising Market Concerns

Nvidia’s remarkable stock rally has been a significant force in driving the S&P 500 index’s performance this year, raising both opportunities and concerns for investors. With Nvidia shares soaring 140% in 2024, the chipmaking giant’s influence on the broader market has become more pronounced, contributing

China Suspends PwC’s Business in Mainland and Slaps $62 Million Fine Over Evergrande Audit Controversy

China’s finance ministry has imposed a six-month suspension on PricewaterhouseCoopers’ (PwC) auditing unit in mainland China, following controversies surrounding its audit of China Evergrande Group. In addition to the suspension, PwC has been fined $62 million by the Chinese government. The financial penalty is split into two parts. PwC

UK Government in "Constructive" Talks with Elon Musk's X Over Misinformation, Minister Reveals

The UK government has been engaging in “constructive” discussions with Elon Musk’s social media platform, X, regarding the management of misinformation and harmful content. Technology Minister Peter Kyle shared these insights with CNBC on Friday, highlighting ongoing efforts to address the spread of false information on social media. Kyle

UK Regulator Flags Concerns Over Vodafone-Three Merger, Demands Remedies to Address Potential Price Hikes

The UK Competition and Markets Authority (CMA) has raised significant concerns regarding the proposed merger between Vodafone and Three UK, owned by CK Hutchison. The CMA’s preliminary findings indicate that the merger could lead to higher prices for consumers and reduced services, particularly affecting those least able to afford

China’s Plan to Raise Retirement Age: A Necessary Reform Amidst Economic Pressures

China’s top legislative body has approved a significant overhaul of the country’s retirement age laws, set to begin on January 1, 2025. The new plan, which will incrementally increase the statutory retirement age over the next 15 years, aims to address the pressing economic and demographic challenges facing

Seven & I Faces Urgent Pressure to Demonstrate Value Amid Couche-Tard Takeover Bid

As Alimentation Couche-Tard Inc. signals readiness to increase its offer for Seven & I Holdings Co., the spotlight intensifies on the Japanese retailer to prove its worth and strategic direction. With Couche-Tard’s initial proposal valuing Seven & I at $14.86 per share—reflecting a roughly 25% premium from