The head of Slovakia’s central bank, and one of the most outspoken hawks on the ECB governing council, was convicted Thursday of bribery and fined 100,000 euros. The country’s Special Criminal Court handed National Bank of Slovakia Gov. Peter Kazimir…
Rumor: TSMC plans JV fab in Germany
TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the…
Delta loses $363 million
Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue. But the airline predicted it will make a bigger-than-expected profit in the current…
Rumor: TSMC plans JV fab in Germany
TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the…
Apple now gets roughly 7% of its iPhones from India
Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China. The US company now makes almost 7% of its iPhones in India…
PC Shipments Plunge 40% In Q1
New data via International Data Corporation’s (IDC) Worldwide Quarterly Personal Computing Device Tracker shows first quarter shipments were around 56.9 million, or about a 29% decline compared to the same quarter in 2022. IDC blamed continued “weak demand, excess inventory, and…
Macron Says Europe Should Reduce Dependence On US Dollar
After spending around six hours with Chinese President Xi Jinping as part of a three-day state visit to China, Macron made extremely clear that France wants nothing to do with WWIII, emphasizing that Europe must employ “strategic autonomy,” presumably led by…
Peace for Houthis, after 370,000 dead
A Saudi delegation has reportedly met with a number of high-ranking officials from the Yemeni Ansarullah resistance movement in Sana’a as part of preparations for talks to reach a final ceasefire agreement to end the eight-year Saudi war. Yemeni media…
Mexico To Buy 13 Power Plants From Spanish Energy Major
Mexico is set to buy 13 power plants currently operated by Spain’s utility major Iberdrola in a deal worth some $6 billion. The purchase, Reuters reports, is part of the Lopez Obrador government’s ambition to return control over Mexico’s electricity…
Major global powers ditching the U.S. dollar
The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power…
This day marked the 50th anniversary of a momentous phone call
On April 3, 1973, Motorola engineer Martin Cooper was standing in a street of New York when he made the first ever call on a true mobile phone, calling his chief rival at Bell Labs, Joel Engel, presumably to gloat….
‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”
Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wall Street…
Ukraine claims it has assembled manpower for new offensive
Interior Minister Igor Klimenko: Eight new brigades have been assembled. Kiev has completed the recruitment of its so-called “Attack Guard,” which has been assembled with the aim of retaking territories lost to Russia during the ongoing conflict, Ukrainian Interior Minister Igor Klimenko…
India to drop US dollar in cross-border trade
India has opted to offer its Indian Rupee (INR) as a trade currency alternative to the US dollar after it unveiled its latest “dynamic and responsive” foreign trade policy in a bid for de-dollarization. According to the Indian Commerce Secretary…
Bolsonaro Returns To Brazil From Florida, Faces Down Multiple Criminal Investigations
Criminal Zionist regime lover and former Brazilian President Jair Bolsonaro has returned to Brazil on Thursday for the first time since far-left rival Luiz Inácio Lula da Silva returned to the presidency, and at a moment no less than five Supreme Court investigations…