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
World
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
September has traditionally been a challenging month for Apple, with the company’s stock experiencing average losses of 3.5% over the past 10 years. This downward trend is in stark contrast to the gains seen in July (6.5%) and August (4.8%). Despite a 3.1% increase in August of this year and an overall jump of nearly
Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process as mandated by China’s State Administration for Market Regulation (SAMR) following an antitrust fine it received in 2021. The SAMR, in a statement, highlighted that Alibaba has made significant progress in aligning its operations with antitrust regulations. This development has been well-received
Intel’s CEO Pat Gelsinger recently admitted that the company has faced a series of challenges following a disastrous earnings report. The stock price plummeted by 26%, marking its worst day on Wall Street in over 50 years. This decline has been reflective of a broader trend, with shares down 59% for the year. Gelsinger acknowledged