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That has thrust Mr. Chang, and the company he created, into the spotlight. “It doesn’t make me feel particularly good,” said Mr. Chang, who retired in 2018 but still appears at TSMC events. Even as the rivalry for tech leadership intensifies, he does not give China much of a chance for semiconductor supremacy. “We control all the choke points,” Mr. Chang said, referring collectively to the United States and its chip-making allies such as the Netherlands, Japan, South Korea and Taiwan. When TSMC stumbled after the 2008 financial crisis, he returned as chief executive at age 77 to take over again.
Persons: Chang, , , ” Mr, TSMC Organizations: Samsung, Intel Locations: United States, China, Netherlands, Japan, South Korea, Taiwan, TSMC
The line, which has been out of use for roughly 40 years, is part of the East Africa rail network that stretches from Kenya's Indian Ocean seaport of Mombasa. It was built by Kenya and Uganda's former colonial ruler Britain around the beginning of the 20th-century. Uganda decided to revamp the old network after plans to build a separate modern standard gauge railway (SGR) failed to secure financing from China. The European Union funded construction of the Gulu hub, completed in late 2021, as part of the effort to revamp Uganda's railway network, which fell into disrepair during the country's economic collapse in 1970s and early 80s. Ugandan officials hope once the link is restored, rail will replace trucks in shipping transit goods to South Sudan and northeastern Democratic Republic of Congo.
Persons: Thomas Mukoya, John Linnon Sengendo, Sengendo, Elias Biryabarema, George Obulutsa, Barbara Lewis Organizations: REUTERS, Democratic, Uganda Railways Corporation, Reuters, China Harbour, Engineering Company, Bridge Corporation, European Union, Thomson Locations: Kenya, Uganda, Kibera, Nairobi, South Sudan, DRC Kenya, KAMPALA, Democratic Republic of Congo, East Africa, Mombasa, Britain, China, Ugandan, Tororo, Uganda's, Gulu, Kampala
HOUSTON, July 27 (Reuters) - Oilfield service providers on Thursday signaled a recovery in rig count, an indicator of future production, later this year, citing an uptick in oil and gas prices. However, with U.S. crude prices climbing back to $80 per barrel, service companies are betting on a recovery in demand. Lindsay said he expects rig count activity to hit a bottom in the quarter ending September, and a recovery in the following quarter. Rival Patterson-UTI Energy (PTEN.O) also forecast a rise in rig count and fracking activity later this and next. "We believe the industry rig count is near a bottom," said Andy Hendricks, CEO of Patterson-UTI Energy, adding that the company expects additional rig releases in the next few weeks before drilling activity recovers later in the year.
Persons: John Lindsay, Lindsay, Payne, Patterson, Andy Hendricks, Hendricks, Arathy Somasekhar, Jonathan Oatis, Matthew Lewis Organizations: UTI Energy, Thomson Locations: U.S, Houston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNBER Chair John Lipsky: There's good reason to believe inflation will moderate without Fed actionJohn Lipsky, National Bureau of Economic Research chair, joins 'Squawk on the Street' to discuss Lipsky's inflation optimism, what prices will begin to fall with the higher cost of capital, and more.
Persons: John Lipsky Organizations: National Bureau of Economic Research
London CNN —Scotland has concluded a day of festivities celebrating British monarch King Charles III’s recent coronation. King Charles III is presented with the Crown of Scotland at St. Giles' Cathedral, Edinburgh on July 5, 2023. Jane Barlow/ReutersThe service was preceded by a “people’s procession” and a royal procession to the cathedral, and rounded off with a gun salute. Danny Lawson/Getty ImagesCharles arrived at the cathedral in the royal procession in the state Bentley, accompanied by Queen Camilla. King Charles III and Queen Camilla during the service Andrew Milligan/ReutersCamilla wore a long white dress by British designer Bruce Oldfield.
Persons: King Charles III’s, Chris Jackson, Elizabeth, ” –, Queen Elizabeth II –, James IV, Pope Julius II, King Charles III, Giles, Jane Barlow, Royal Air Force flypast, Cruachan IV, , , Danny Lawson, Charles, Bentley, Queen Camilla, Andrew Milligan, Camilla, Bruce Oldfield, Oldfield, Prince William, Catherine, Duke, Duchess of, Royce, Giles ’, Charles ’, William, Kate, John Linton, CNN’s Max Foster Organizations: London CNN, Combined Cadet Force, Getty, Cathedral, Royal Air Force, Royal Regiment of, Police Scotland, Protesters, Royal Navy, Thistle, Edinburgh Castle, King’s, Guard, Royal Company of Archers, RAF, 12th Regiment Royal Artillery, Holyrood Locations: Edinburgh, Scottish, St, Royal Regiment of Scotland, British, Scotland, Duchess of Rothesay, Gordonstoun, AFP
An upcoming study from researchers at Stanford University offers a new way to trace far-flung smoke and pollution back to individual wildfires of origin. What’s burning in a wildfire determines what kind of pollution is in the smoke. Dr. Ford and others have studied wildfire smoke patterns, as well as the resulting exposure to particulate matter pollution. But the Stanford researchers have pulled off something new by putting the two together, she said, especially over so many years and so much land area. Aside from that, Dr. Lin thought the Stanford study would be very useful in figuring out the real human toll of wildfire smoke.
Persons: , Jeff Wen, Mr, Wen, Bonne Ford, it’s, Ford, John Lin, Lin, Stanford Organizations: Stanford University, Stanford, . Canadian Forces, Reuters, Seaboard, Colorado State University, University of Utah Locations: United States, U.S, Mistissini, Quebec, Georgia, Florida
An edited photograph showing Scotland’s former first minister Nicola Sturgeon in the back seat of a police vehicle was widely circulated online after she was arrested as part of a police investigation in June 2023. Examples of the altered image, shared as showing Sturgeon’s arrest, are visible on Facebook (here), (here) and Twitter (here). The image was edited to include the car with the yellow-and-blue checkered pattern, typical of police vehicles in Scotland (here). A photo showing Nicola Sturgeon in the back of a police car is edited and unrelated to her June 2023 arrest. This article was produced by the Reuters Fact Check team.
Persons: Nicola Sturgeon, Sturgeon, John Linton, Read Organizations: Police Scotland, Scottish National Party, Reuters, Facebook, Twitter, Bute House, Getty Locations: Bute, Edinburgh, Scotland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBigger decline than expected in China exports is due to "normalization": CIOJohn Lin, CIO of China Equities at AllianceBernstein says the bigger than expected decline in Chinese exports in May shows the government needs to do more to support the economic recovery.
Persons: John Lin Organizations: China, AllianceBernstein Locations: China
When cutting foreign technology companies from Chinese supply chains, Beijing has long chosen to work obliquely or even secretly. Regulators would give executives back-room lectures, weigh them down with excessive red tape or hit them with occasional office raids. But that is what it signaled to Micron Technology in a late-night announcement on Sunday. The Chinese government banned companies that handle critical information from purchasing microchips made by the Boise, Idaho-based Micron. Analysts said the company, which has been selling chips in China for years, could find itself cut out of future business from Chinese companies.
[1/7] The 76th Cannes Film Festival - Screening of the film "Killers of the Flower Moon" Out of Competition - Red Carpet Arrivals - Cannes, France, May 20, 2023. Cast members Tantoo Cardinal, Leonardo... Read moreCANNES, May 20 (Reuters) - Martin Scorsese's "Killers of the Flower Moon," one of the most anticipated premieres of this year's Cannes Film Festival, had the red carpet abuzz on Saturday evening as its star-studded cast attracted throngs of fans to the Croisette boulevard. Apple has teamed up with Paramount Pictures to release the film exclusively in theatres on Oct. 6 before streaming it - one of the preconditions of being eligible to compete at Cannes. Scorsese won Cannes' top prize with 1976's "Taxi Driver," starring De Niro. Reporting by Miranda Murray; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.
Once a dominant political force, Taiwan’s main opposition party lost the last two presidential elections in large part because it has promoted closer ties with China. Mr. Hou launched his bid with a rallying call. “We must unite for victory, especially at this stage when our country is facing fierce and dangerous international circumstances,” Mr. Hou said following the announcement of his nomination. His candidacy sets the stage for a tight race next January that could chart a new course for Taiwan in the big-power standoff between China and the United States and reshape tensions around the Taiwan Strait, one of the world’s most dangerous flash points. Under the seven-year leadership of President Tsai Ing-wen of the governing Democratic Progressive Party, Taiwan has come under intensifying military and diplomatic pressure from China and pushed back by bolstering ties with the United States.
"We have 'Indiana Jones,' we've got Martin Scorsese's new film with Leonardo DiCaprio. Festival director Thierry Fremaux pushed back against criticism that Depp was a controversial choice for an opening-night film, telling Variety magazine the actor had not been banned from working. Other jury members include Brie Larson of "Captain Marvel" and Julia Ducournau, one of two women to win the Palme d'Or. Out of competition, Harrison Ford will return as adventurous archaeologist Indiana Jones, 15 years since the last film in the franchise, in the world premiere of "Indiana Jones and the Dial of Destiny" on Thursday. Festival organizers are concerned the unrest seen during the pension reform protests could also make its way to the festival, said Roxborough.
Last October, construction plans for a hulking semiconductor factory owned by a major state-backed company in central China fell into disarray. The facility belonged to Yangtze Memory Technologies Corporation, or YMTC, a memory chip company that Xi Jinping, China’s president, has extolled as a flag-bearer in China’s race toward self-reliance. Now, the chip maker and its peers are hurriedly overhauling supply chains and rewriting business plans. Nearly seven months later, the U.S. trade barriers have accelerated China’s push for a more independent chip sector. Western technology and money have pulled out, but state funding is flooding in to cultivate homegrown alternatives to produce less advanced but still lucrative semiconductors.
April 18 (Reuters) - U.S. guns, many of them exported legally, are flowing into Latin America in an "iron river" ending in the hands of drug cartels and abusive security forces, activists said Monday, calling for greater oversight from U.S. law and federal agencies. More than half of "crime guns" recovered and traced in Central America are sourced from the United States, according to U.S. gun control agency ATF. Burke called for rules preventing manufacturers from selling to dealers with lax distribution practices. Manufacturers should also stop selling armor-piercing weapons and guns that can easily be modified to shoot hundreds of bullets at a time, she said. U.S government figures show last year that income from legal firearm shipments to Latin America increased 8%, with most sales going to Brazil, Mexico, Guatemala and Colombia.
Researchers let 25 AI avatars loose in a virtual town. "To be honest, I don't like Sam Moore," the AI Tom said. Jaime Sevilla, an AI researcher not involved in the study, told Insider the models behind the study could be applied to non-player characters in video games. After all, the AI agents in the study were prone to hallucinations — like failing to recall certain events — which he attributes to how the model was trained. While researchers concluded their AI agents displayed emergent human behaviors, Woolridge said "we need to be skeptical" and "question" what AI tells us at face value.
Within Europe, Goldman prefers companies in value sectors that pay dividends , as well as select defensive and growth stocks in the market. Emerging markets Several Wall Street analysts are putting their money on emerging markets, with most bullish on China, the world's second-largest economy. While the bank expects just 1% earnings growth for emerging market stocks, it said the sector's valuation looks attractive at a 23% discount to global peers. Philip Blancato, CEO at Ladenburg Thalmann Asset Management, is also bullish on emerging markets. He added that the case for adding to emerging market allocations is growing, particularly given the "near guarantee" of a softer dollar in the short- to medium-term.
Snack Wraps Return Just Not to McDonald's
  + stars: | 2023-03-25 | by ( Aidan Pollard | ) www.businessinsider.com   time to read: +2 min
Wendy's announced a new grilled chicken ranch wrap this week. 'There are many who've tried to master the grilled chicken wrap,' a Wendy's executive said. But after seven years, a grilled chicken ranch wrap is coming back — just not to McDonald's. Wendy's plans to sell a grilled chicken ranch wrap at stores, the company announced this week. The wrap appears to closely mimic McDonald's iconic snack wrap, which came in several varieties, including a ranch flavor.
Swiss authorities brokering Credit Suisse's (CSGN.S) rescue merger with UBS (UBSG.S) have said 16 billion Swiss francs ($17 billion) of its Additional Tier 1 (AT1) debt will be written down to zero. That puts holders of the AT1 bonds lower in priority than even investors who hold an equity stake in Credit Suisse and can expect to get 0.76 Swiss francs per share. The shock realisation reverberated through Asian markets on Monday as traders hurried to reprice bank debt, and pushed bank stocks down. Asian AT1 bonds were down 4-5 points, while European ones were down 10 points, he said. But you did enter this thing believing that you'd be senior to the equity holders, that's the thing that people are worried about."
[1/2] Actor Robert Blake speaks to reporters as he walks to Burbank Courthouse in Burbank, California, U.S. August 29, 2005. A wrongful death lawsuit subsequently filed against Blake by her estate led to a civil court judgment that the actor was responsible for her slaying. Blake contended his wife was a victim of her own checkered past, gunned down by an unknown assailant. Blake's acting work was overshadowed four years later by the Bakley murder, which remains unsolved. A paternity test showed that the father was Blake, not Christian Brando, son of actor Marlon Brando, who Bakley had been dating simultaneously.
But remember, a strong consumer means high demand, which helps inflation stick around. Higher-for-longer rate hikes don't bode well for the stock market. In JPMorgan's view, the stock market has yet to come to terms with that possibility. (It's worth noting that just a couple months ago, markets were expecting interest rate cuts by late 2023.) The stock market bubble has burst and those betting on a rebound are in denial, according to Richard Bernstein Advisors.
Detailed below are seven top stocks to buy now, according to the $17.5 billion value fund manager. The silver lining is that most Wall Street firms think the economy will experience a soft landing, which would be characterized by a mild downturn. This means buying value stocks that will both succeed amid a soft landing, as well as those poised to benefit from the more extreme event of a full-blown recession. Overall, he sees the group as attractively valued, especially in a soft landing scenario. Below are seven of Linehan's favorite value stocks to own in this environment along with the ticker, market capitalization, sector, and thesis for each.
The Doraville, Georgia-based company, whose roots date to 1870, filed for Chapter 11 protection from creditors on Monday night with the U.S. Bankruptcy Court in the Southern District of Texas. Serta Simmons also lined up $125 million in financing to keep operating, including to pay its 3,600 employees. The company's brands include Serta, Simmons, Beautyrest and Tuft & Needle. Serta Simmons' advisers include the law firm Weil, Gotshal & Manges, Evercore Group LLC and FTI Consulting Inc. The case is In re Serta Simmons Bedding LLC et al, U.S. Bankruptcy Court, Southern District of Texas, No.
Factbox: Golden Globe awards: Full list of nominees
  + stars: | 2023-01-10 | by ( ) www.reuters.com   time to read: +7 min
[1/5] Butler poses backstage after receiving the Breakthrough Performance Award at the 34th Annual Palm Springs International Film Festival Awards gala in Palm Springs, California, U.S., January 5, 2023. REUTERS/Mario AnzuoniJan 10 (Reuters) - Hollywood gathers on Tuesday for the 2023 Golden Globes, the first major awards show of the season. After diversity and ethics scandals at the Globes organizer - the Hollywood Foreign Press Association - NBC declined to air the ceremony in 2022, but will broadcast the show this year for its 80th anniversary. The following is the full list of nominees:MOVIESBEST PICTURE-DRAMA“Avatar: The Way of Water”“Elvis”“The Fabelmans”“Tar”“Top Gun: Maverick”BEST PICTURE-MUSICAL OR COMEDY"Babylon"“The Banshees of Inisherin”“Everything Everywhere All at Once”“Glass Onion: A Knives Out Mystery”“Triangle of Sadness”BEST ANIMATED FILM“Guillermo del Toro's Pinocchio”“Inu-Oh”“Marcel the Shell with Shoes On”“Puss in Boots: The Last Wish”“Turning Red”BEST PICTURE-NON-ENGLISH LANGUAGE“All Quiet on the Western Front" (Germany)“Argentina, 1985" (Argentina)“Close" (Belgium)“Decision to Leave" (South Korea)“RRR" (India)BEST ACTRESS, DRAMACate Blanchett, "Tar"Olivia Colman, “Empire of Light”Viola Davis, "The Woman King”Ana de Armas, "Blonde”Michelle Williams, "The Fabelmans”BEST ACTOR, DRAMAAustin Butler, “Elvis”Brendan Fraser, “The Whale”Hugh Jackman, “The Son”Bill Nighy, “Living”Jeremy Pope, “The Inspection”BEST ACTRESS, MUSICAL OR COMEDYLesley Manville, "Mrs. Harris Goes to Paris"Margot Robbie, “Babylon”Anya Taylor-Joy, “The Menu”Emma Thompson, “Good Luck to You, Leo Grande”Michelle Yeoh, “Everything Everywhere All at Once”BEST ACTOR, MUSICAL OR COMEDYDiego Calva, “Babylon”Daniel Craig, “Glass Onion: A Knives Out Mystery”Adam Driver, “White Noise”Colin Farrell, “The Banshees of Inisherin”Ralph Fiennes, “The Menu”BEST SUPPORTING ACTRESSAngela Bassett, “Black Panther: Wakanda Forever”Kerry Condon, “The Banshees of Inisherin”Jamie Lee Curtis, “Everything Everywhere All at Once”Dolly De Leon, “Triangle of Sadness”Carey Mulligan, “She Said”BEST SUPPORTING ACTORBrendan Gleeson, “The Banshees of Inisherin”Barry Keoghan, “The Banshees of Inisherin”Brad Pitt, “Babylon”Ke Huy Quan, “Everything Everywhere All at Once”Eddie Redmayne, “The Good Nurse”BEST DIRECTORJames Cameron, “Avatar: The Way of Water”Daniel Kwan and Daniel Scheinert, “Everything Everywhere All at Once”Baz Luhrmann, “Elvis”Martin McDonagh, “The Banshees of Inisherin”Steven Spielberg, “The Fabelmans”BEST SCREENPLAY“The Banshees of Inisherin,” Martin McDonagh“Everything Everywhere All at Once,” Daniel Kwan, Daniel Scheinert“The Fabelmans,” Steven Spielberg, Tony Kushner“Tar,” Todd Field“Women Talking,” Sarah PolleyBEST ORIGINAL SCORE“Babylon,” Justin Hurwitz“The Banshees of Inisherin,” Carter Burwell“The Fabelmans,” John Williams“Guillermo del Toro's Pinocchio,” Alexandre Desplat“Women Talking,” Hildur GuðnadóttirBEST ORIGINAL SONG“Lift Me Up” by Tems, Ludwig Göransson, Rihanna and Ryan Coogler (“Black Panther: Wakanda Forever”)“Ciao Papa” by Alexandre Desplat, Roeban Katz, Guillermo del Toro (“Guillermo del Toro's Pinocchio”)“Naatu Naatu” by Kala Bhairava, M.M. Keeravani, Rahul Sipligunj (“RRR")“Hold My Hand” by Lady Gaga, BloodPop, Benjamin Rice (“Top Gun: Maverick”)“Carolina” by Taylor Swift (“Where the Crawdads Sing”)TELEVISIONBEST DRAMA SERIES“Better Call Saul” (AMC)“The Crown” (Netflix)“House of the Dragon” (HBO Max)“Ozark” (Netflix)“Severance” (Apple TV+)BEST MUSICAL OR COMEDY SERIES“Abbott Elementary” (ABC)“The Bear” (FX)“Hacks” (HBO Max)“Only Murders in the Building” (Hulu)“Wednesday” (Netflix)BEST LIMITED SERIES, ANTHOLOGY SERIES OR TV MOVIE“Black Bird” (Apple TV+)“Dahmer - Monster: The Jeffrey Dahmer Story” (Netflix)“The Dropout” (Hulu)“Pam and Tommy” (Hulu)“The White Lotus” (HBO Max)BEST ACTRESS, DRAMAEmma D'Arcy, “House of the Dragon”Laura Linney, "Ozark”Imelda Staunton, “The Crown”Hilary Swank, “Alaska Daily”Zendaya, “Euphoria”BEST ACTOR, DRAMAJeff Bridges, “The Old Man”Kevin Costner, “Yellowstone”Diego Luna, “Andor”Bob Odenkirk, “Better Call Saul”Adam Scott, “Severance”BEST ACTRESS, MUSICAL OR COMEDYQuinta Brunson, “Abbott Elementary”Kaley Cuoco, “The Flight Attendant”Selena Gomez, “Only Murders in the Building”Jenna Ortega, “Wednesday”Jean Smart, “Hacks”BEST ACTOR, MUSICAL OR COMEDYDonald Glover, “Atlanta”Bill Hader, “Barry”Steve Martin, “Only Murders in the Building”Martin Short, “Only Murders in the Building”Jeremy Allen White, “The Bear”BEST SUPPORTING ACTRESS, MUSICAL, COMEDY OR DRAMAElizabeth Debicki, “The Crown”Hannah Einbinder, “Hacks”Julia Garner, “Ozark”Janelle James, “Abbott Elementary”Sheryl Lee Ralph, “Abbott Elementary”BEST SUPPORTING ACTOR, MUSICAL, COMEDY or DRAMAJohn Lithgow, “The Old Man”Jonathan Pryce, “The Crown”John Turturro, “Severance”Tyler James Williams, “Abbott Elementary”Henry Winkler, “Barry”BEST ACTRESS, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEJessica Chastain, “George and Tammy”Julia Garner
[1/5] Elton John performs "Bennie and the Jets" as he wraps up the U.S. leg of his 'Yellow Brick Road' tour at Dodger Stadium in Los Angeles, California, U.S. November 20, 2022. REUTERS/David SwansonLOS ANGELES, Nov 21 (Reuters) - Elton John performed his final North American concert of his farewell tour on Sunday, with a star-studded show at the Los Angeles Dodger Stadium. On Sunday, he wore a robe version of that Dodger uniform. The three-hour "Elton John Live: Farewell from Dodger Stadium" concert, which was streamed on Disney+, saw the 75-year-old Grammy and Oscar winner belt out hits including "Bennie and the Jets", "I'm Still Standing" and "Goodbye Yellow Brick Road". John has performed 183 shows across the United States and Canada as part of the "Farewell Yellow Brick Road" tour which began in September 2018.
Greg Abbott won the race to remain governor just five months after the worst school shooting in Texas. "Unfortunately, 21 people dead doesn't change people's minds," a bereaved relative told the Texas Tribune. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyJust five months after the Robb Elementary School school shooting in Uvalde, the worst school shooting in Texas history, pro-gun Gov. He'd previously accused Abbott of inaction following the Uvalde shooting, saying, "You are doing nothing. "Unfortunately, 21 people dead doesn't change people's minds," said Jazmin Cazares, 17, whose nine-year-old sister, Jacklyn, was killed at the Robb Elementary school shooting, the outlet reported.
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