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☆ TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: +1 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)TSMC , the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications. It is not a direct comparison as TSMC provides monthly revenue data only in Taiwan dollars, but gives quarterly revenue figures and its outlook on its quarterly earnings calls both in U.S. dollars. On its most recent earnings call in April, Taiwan Semiconductor Manufacturing Co forecast second quarter revenue in a range of between $19.6 billion to $20.4 billion. For June alone, TSMC reported that revenue rose 33% year-on-year to T$207.87 billion.

Persons: Amber Wang, TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Center, TSMC, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, Revenue, Taiwan Semiconductor Manufacturing Locations: Hsinchu, AFP, Taiwan

☆ TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
▼ + stars: | 2024-04-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications. The firm guided first-quarter revenue to be between $18 billion and $18.8 billion. The continued demand for advanced chips, particularly those used in AI applications, is a positive sign for both the short and long term. "TSMC's net profit margin continues to be one of the highest in the company's history at 40%, against an industry average of 14%, demonstrating TSMC's strong competitive position.

Persons: Amber Wang, Brady Wang, TSMC, Grzegorz Drozdz Organizations: Taiwan Semiconductor Manufacturing Company, Center, Nvidia, Apple, Counterpoint Research, Research, Samsung Foundry Locations: Hsinchu, AFP, Taiwan, U.S, Arizona

[1/2] Police detain suspects as they patrol along the German-Polish border to prevent illegal migration near Klinge, Germany, September 20, 2023. Interior Minister Nancy Faeser urged Germany's 16 states on Wednesday to provide asylum seekers with material benefits rather than cash, to reduce the country's pull factor. Migration analysts say much of the tougher stance is electioneering ahead of elections in Hesse and Bavaria on Sunday and in three eastern German states next year. Vorlaender noted that even if tougher controls worked, Germany risked creating a bigger problem for transit countries by bottling in migrants there. Germany's tougher stance on migration isn't so much a policy reversal as an evolution, said Susan Fratzke at the Migration Policy Institute.

Persons: Lisi Niesner, Nancy Faeser, Germany's, Olaf Scholz, Angela Merkel, Scholz, Russia's, Hannes Schammann, SHAM, Merkel, Friedrich Merz, “, ” Merz, Merz, Alberto ‑ Horst Neidhardt, Hans Vorlaender, Vorlaender, Ludovit, Susan Fratzke, Schammann, Sarah Marsh, Riham, Jan Lopatka, Alan Charlish, Mark Heinrich Our Organizations: Police, REUTERS, Authorities, EU, EU's Agency for Asylum, University of Hildesheim, Christian Democratic Union, European, Faeser, Migration Policy Institute, Berlin, Thomson Locations: Klinge, Germany, Berlin, BERLIN, Hesse, Bavaria, Europe, Poland, Czech Republic, Austria, Slovakia, Hungary, Turkey, Ankara, Prague, Warsaw

The new legislation will limit the amount of cannabis young adults can buy to 30 grams a month, compared to 50 grams for older adults. Scholz's government had already watered down original plans to allow the widespread sale of cannabis in licensed shops after consultations with Brussels. Instead, it said would launch a pilot project for a small number of licensed shops in some regions to test the effects of a commercial supply chain of recreational cannabis over five years. Malta became the first European country to allow limited cultivation and possession of cannabis for personal use in late 2021. The legislation presented on Wednesday includes strict rules for growing weed - cannabis clubs of up to 500 associates must have burglar-proof doors and windows, with greenhouses fenced off.

Persons: Lisi Niesner, Chancellor Olaf Scholz, Karl Lauterbach, Lauterbach, Armin Schuster, Kristine Luetke, Sarah Marsh, Andreas Rinke, Angus MacSwan, Bernadette Baum Organizations: REUTERS, Rights, Scholz's Social Democrats, Free Democrats, Thomson Locations: Brandenburg, Berlin, Germany, Europe, Saxony, Brussels, Netherlands, Switzerland, Malta

☆ Germany will own NATO's 2nd largest helicopter fleet after Chinook purchase, air force chief says
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

[1/3] A Boeing CH-47 Chinook helicopter is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. REUTERS/Axel SchmidtBERLIN, Aug 11 (Reuters) - Germany will own NATO's second largest helicopter fleet with the 60 Chinooks it announced it was buying last month, German Air Force Chief Ingo Gerhartz was quoted as saying on Friday. "We will be the second largest helicopter nation in NATO after the U.S.," Gerhartz was quoted as saying by RND media network. Almost 50 Chinook helicopters would be stationed at the Holzdorf/Schoenewalde site in eastern Germany, where 1,000 additional soldiers will be also stationed, Gerhartz added. "The Schoenewalde site will play a unique key role for the Air Force, the entire Bundeswehr and Germany's security," he said.

Persons: Axel Schmidt BERLIN, Ingo Gerhartz, Gerhartz, Riham, Alexandra Hudson Organizations: Boeing, ILA, REUTERS, German Air Force, Reuters, NATO, Air Force, Bundeswehr, Alexandra Hudson Our, Thomson Locations: Berlin, Germany, U.S

☆ What Do You Call a German Siesta? An Answer to the Europe Heat, Some Say.
▼ + stars: | 2023-07-20 | by ( Constant Méheut | More About Constant Méheut | ) www.nytimes.com time to read: +1 min

The heat — temperatures in Germany were around 90 degrees Fahrenheit this week — is forcing people to rethink their way of life and look to southern countries as examples of how to adapt to rising temperatures. “We should follow the work practices of southern countries during heat,” Johannes Niessen, the chairman of Germany’s leading national association of doctors, said in an interview with the news outlet RND this week. “Getting up early, working productively in the morning, and taking a siesta at midday is a concept that we should adopt in the summer months.”The origins of Spain’s famous siesta are a matter of debate. Another explanation is that the disjointed day emerged in post-Civil War Spain, when many people worked two jobs, one in the morning and the other in the late afternoon. The siesta has typified Spanish life for decades, although it is less common among many urban Spaniards today.

Persons: ” Johannes Niessen, “, ” Locations: Germany, Spain, Granada, Valencia

☆ Germany's far-right AfD wins vote to lead district for first time
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +2 min

BERLIN, June 25 (Reuters) - A far-right Alternative for Germany (AfD) candidate won a vote on Sunday to become a district leader in Europe's biggest economy for the first time, a breakthrough for the party which has hit record highs in national polls. The 10-year old AfD, with which Germany's mainstream parties officially refuse to cooperate due to its radical views, won a run-off vote in the Sonneberg district in the eastern state of Thuringia with its candidate garnering 52.8% of the vote. While far-right parties have gained ground around Europe, the strength of the AfD is particularly sensitive in Germany due to the country's Nazi past. The conservative candidate won 47.2% on Sunday. The domestic intelligence agency said this month that far-right extremism posed the biggest threat to democracy in Germany and warned voters about backing the AfD.

Persons: Chancellor Olaf Scholz's, Josef Schuster, Robert Sesselmann, Sonneberg, Sesselmann, Madeline Chambers, Chizu Organizations: Social, Greens and Free Democrats, Central Council of, Communist, Moscow, Thomson Locations: BERLIN, Germany, Europe's, Sonneberg, Thuringia, Europe, Nazi, Berlin, Ukraine

☆ NATO pushes for common standards to tackle shortfalls in artillery munitions
▼ + stars: | 2023-06-13 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

But the lack of common standards among the various manufacturers has hampered the flow of munitions supplies. It will take place on the sidelines of a NATO defence ministers' meeting in Brussels on Thursday and Friday. Demand for 155mm artillery rounds has soared in the wake of the invasion of Ukraine in February 2022. "If national governments could bring themselves to throw national standards over board and agree on common NATO standards – in particular with regard to munitions – this would be a landslide change," the defence source said. Before that many NATO countries had already run down their stocks as governments considered wars of attrition with big artillery battles a thing of the past.

Persons: Caesar, Jens Stoltenberg, KMW, Leonardo, Northrop, Abrams, Armin Papperger, Sabine Siebold, Gwladys Fouche, Angus MacSwan Organizations: Separate Artillery Brigade, REUTERS, NATO, BAE Systems, Turkish, Dynamics, Leopard, Lockheed, Northrop Grumman, British Storm Shadow, Rheinmetall, RND, Thomson Locations: Ukraine, Avdiivka, Donetsk region, BRUSSELS, Kyiv, NATO, Brussels, Kongsberg, Vilnius, Oslo

☆ Rheinmetall could be worth 17 billion euros over medium term, CEO says
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 10 (Reuters) - The CEO of Germany's largest defence contractor Rheinmetall (RHMG.DE) said he expected a further boost to the company's stock market value due to the Ukraine war and increased defence spending in Europe. "Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. "A valuation of 17 billion euros is realistic for Rheinmetall over the medium term," he added. Rheinmetall's current stock valuation is about 10.5 billion euros, on 2022 operating income of 754 million euros. The stock market value of the company, a maker of tanks, ammunition and other war equipment, has tripled since December 2021 and it joined Germany's blue-chip DAX (.GDAXI) index earlier this year.

Persons: Armin Papperger, DAX, Christian Kraemer, Holger Hansen, Sabine Siebold, Kirsti Knolle, Madeline Chambers Organizations: Rheinmetall, RND, Thomson Locations: BERLIN, Ukraine, Europe

CNN —Dutch police arrested over 1,500 people after Extinction Rebellion protesters blocked a motorway in The Hague on Saturday. Hundreds of police were deployed to “maintain public order” during the climate protest, Dutch police said in a press release Saturday. Oscar Brak/NurPhoto/Getty ImagesActivists are arrested after blocking the A12 motorway in The Hague. Michel Porro/Getty ImagesVideos of the protest posted in social media showed protesters dressed in swimsuits and raincoats, prepared for the water cannons. Forty people were arrested for other criminal offenses including obstructing, blocking, vandalism, and insulting, according to the press release.

☆ Tank maker Rheinmetall raises sales view as Ukraine war boosts demand
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +3 min

Shares in Rheinmetall, which together with Krauss-Maffei Wegmann makes the Leopard tanks Germany is under pressure from Kyiv and some allies to send to Ukraine, have risen 170% in the past year. For 2022 the company expects sales of 6.5 billion euros. A company spokesperson told media group RND that it could deliver 139 Leopard tanks to Ukraine if needed. It could also supply 88 older Leopard 1 tanks, the spokesperson said, without giving a timeframe for potential delivery. It said positives, including mid-term defence spending, had been priced into the stock.

☆ Rheinmetall could deliver 139 Leopard tanks to Ukraine - RND
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Lehtikuva/Heikki Saukkomaa via REUTERSFRANKFURT, Jan 24 (Reuters) - German defence group Rheinmetall (RHMG.DE) could deliver 139 Leopard battle tanks to Ukraine if required, a spokesperson for the company told media group RND. Germany is coming under intense pressure from Ukraine and some NATO allies, such as Poland, to allow Kyiv to be supplied with German-made Leopard 2 tanks for its defence against Russia's invasion. German Chancellor Olaf Scholz has so far held back from supplying the tanks or allowing other NATO countries to do so. Manufacturer Rheinmetall could deliver 29 Leopard 2A4 tanks by April/May and a further 22 of the same model around the end of 2023 or early 2024, the spokesperson was quoted as saying. It could also supply 88 older Leopard 1 tanks, the person said, without giving a timeframe for their potential delivery.

☆ Ukraine needs Marshall Plan approach to rebuild, says German lobby
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Oct 24 (Reuters) - A German lobby group representing companies with interests in eastern Europe has called for a plan to rebuild Ukraine that would mirror the Marshall Plan that helped Europe recover from World War Two, the media group RND reported. The 20-page "Rebuild Ukraine" dossier covering topics from industry to agriculture and energy will be discussed at a Ukraine-Germany business forum in Berlin on Monday, attended by German Chancellor Olaf Scholz and Ukrainian Prime Minister Denys Schmyhal. In an opinion piece in German business newspaper FAZ on Sunday, Scholz and European Commission President Ursula von der Leyen made a similar call for a "new Marshall Plan for the 21st century" for Ukraine. The lobby group's dossier called for each European country involved in efforts to rebuild Ukraine to nominate a coordinator to an advisory board to liaise with Ukraine's government. German companies should be given incentives to invest in Ukraine just as the Marshall Plan, which was a U.S. initiative, encouraged investment in West Germany after World War Two, the lobby group's chair Michael Harms said.

☆ German lawmakers break Europe's silence on suspected Nord Stream pipeline saboteur to point the finger at Russia
▼ + stars: | 2022-09-28 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Two senior German lawmakers have pointed the finger at Russia over suspected sabotage of Nord Stream. European lawmakers had previously left open the question about who the suspected Nord Stream saboteur could be. On Monday, Danish and Swedish authorities detected three severe leaks affecting the four Nord Stream pipelines, which run from Russia to Germany through the Baltic Sea. Before Russia invaded Ukraine, Nord Stream was intended as the main artery for natural-gas exports from Russia to Europe. The US Central Intelligence Agency warned Germany weeks ago about potential attacks on Nord Stream, German magazine Der Spiegel reported Tuesday.

☆ Украина призвала Германию полностью разорвать отношения с Россией
▼ + stars: | 2021-04-08 | by ( Mld Media Srl | Степанов Георгий | ) noi.md time to read: +2 min

Посол Украины в Германии Андрей Мельник в интервью порталу RND призвал Берлин полностью разорвать отношения с Москвой в случае активизации боевых действий в Донбассе. По словам дипломата, его шокирует, что власти ФРГ рассматривают «самое массовое в новейшей истории перемещение российских войск» к украинской границе как «очередную угрозу». Ранее замглавы администрации президента России Дмитрий Козак раскритиковал Германию и Францию за «непоследовательную позицию» на переговорах по Донбассу и призвал «проявить заинтересованность» в скорейшем разрешении конфликта. Киев, самопровозглашенные ДНР и ЛНР заявили об учащении обстрелов, разведывательных действий и перемещений военной техники в районе линии разграничения. В украинском минобороны считают, что Москва сосредоточила на границе регулярные армейские части и активизировала тренировки ополчения.

Persons: Андрей Мельник, Мельник, Дмитрий Козак Locations: Украина, Германия, Берлин, Москва, Донбасс, ФРГ, Россия, Франция, Киев, ДНР, ЛНР, Кремль, Российская армия

☆ Au stabilit un record mondial. O familie din Germania a împodobit 420 de brazi de Crăciun în casă
▼ + stars: | 2020-12-11 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

În fiecare an de sărbători, Susanne și Thomas Jeromin, un cuplu din orașul Rinteln, își transformă casa într-un adevărat sanctuar de decorațiuni de Crăciun, scrie libertatea.ro. Din contră, și-au depășit recordul și au împodobit nu mai puțin de 420 de brazi în apartamentul lor de 100 de metri pătrați. Susanne și Thomas Jeromin au petrecut trei luni ca împodobească cei 420 de brazi. „De fapt, noi ne depășim propriul record mondial în fiecare an”, spune fericit Jeromin, 54 de ani. În 2017, Susanne și Thomas au împodobit 250 de brazi, în 2018 au decorat 316, iar anul trecut, 350.

Persons: Susanne, Thomas Jeromin, Crăciun, Thomas Locations: Rinteln, Pandemia, Germania, brazii

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