Europe’s top court recently ruled against Apple in a decade-long court battle over its tax affairs in Ireland. This decision comes after the European Commission’s investigation into Apple’s tax payments in Ireland, where the tech giant’s headquarters in the EU are located. In 2016, the Commission ordered Dublin to recover up to 13 billion euros
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The suggestion of a jumbo 50 basis point rate cut by the U.S. Federal Reserve has sparked mixed opinions among analysts. Michael Yoshikami, the CEO of Destination Wealth Management, believes that a larger cut would showcase the central bank’s readiness to take action without indicating deeper concerns about a broader economic downturn. He argues that
Recent reports have surfaced regarding a tragic incident at the Allenby Bridge Crossing between the West Bank and Jordan. According to Israeli officials, three people were shot and killed in what seemed to be an attack related to the ongoing war in Gaza. The assailant, who arrived in a truck from the Jordanian side, opened
The possibility of Russia using nuclear weapons in the conflict with Ukraine is a real concern, according to CIA Director William Burns. He emphasized the risks of escalation and expressed his belief that there was a genuine risk of the potential use of tactical nuclear weapons in the fall of 2022. However, Burns also stated
The Dutch government recently announced the expansion of export restrictions on advanced semiconductor manufacturing equipment, specifically targeting more of ASML’s machines. This decision stems from concerns regarding national security and the increasing security risks associated with exporting such equipment in the current geopolitical context. As a key player in the semiconductor industry, ASML holds a
Qualcomm CEO Cristiano Amon recently shared that the company is teaming up with Samsung and Google to delve into the realm of mixed reality glasses that are synced with smartphones. This collaborative effort differs from Apple’s recent launch of a bulkier headset. The partnership aims to merge augmented and virtual reality, creating a unique experience
The Asia-Pacific markets experienced a significant downturn on Wednesday, with Japan’s Nikkei 225 leading the way by dropping 3.19%. This decline was attributed to a sell-off in U.S. tech stocks and concerns stemming from weak U.S. economic data. As a result, semiconductor-related stocks like Renesas Electronics, Tokyo Electron, and Advantest saw sharp declines, with Renesas
Despite numerous government stimulus and support measures aimed at stabilizing China’s housing market, JPMorgan economist Haibin Zhu believes that the sector will continue to face challenges. According to Zhu, the “housing market crash is still not over yet,” and he predicts that home prices will not see stabilization until 2025 at the earliest. Recent data
The release of China’s official purchasing managers’ index data for August has impacted the performance of Asia-Pacific markets. The manufacturing PMI fell to 49.1, marking a faster contraction compared to the previous month. This decline was below the median forecast of economists, indicating a challenging economic environment. On the other hand, China’s non-manufacturing PMI showed
Recent events have brought Japan and China into a state of contention, with Japan lodging a protest against China after a naval survey vessel encroached on Japanese waters. This comes as the second intrusion by the Chinese military in less than a week, causing increased tensions in the region. The rising Chinese military activities near