DUBLIN—A global tax deal will make “no difference” to Alphabet Google’s operations in Ireland as the company remains committed to investing and adding staff to its European hub there, Chief Executive Sundar Pichai said on Thursday. Last year 136 countries agreed the first major overhaul in a generation of the rules for taxing multinationals, with…
Global Tax Overhaul Will Not Slow Google’s Investment in Ireland, CEO Says
Israeli Prime Minister’s Family Receives Death Threat and Bullet in Mail
JERUSALEM—Prime Minister Naftali Bennett’s teenage son has received a death threat and bullet in the mail, Israeli officials said Thursday, the second such warning against the Israeli leader’s family this week. The threats have come at a time of deep political divisions in Israel. In a major speech on Wednesday night marking Israel’s Holocaust memorial…
Swiss National Bank Posts $34 Billion Loss as Bond Losses Bite
April 29, 2022
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ZURICH—The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments. The bank made a loss of 36.8 billion francs from its foreign currency investments built up during…
BOJ Maintains Stimulus, Vows to Continue Unlimited Bond Buying
TOKYO—The Bank of Japan maintained its massive stimulus on Thursday and pledged to continue buying unlimited amounts of 10-year government bonds to defend its implicit 0.25 percent cap, signaling its resolve to focus on supporting a fragile economy. The BOJ also left unchanged its guidance to keep its interest rate targets at current or lower…
Hong Kong Actor Kenneth Tsang Dies in Quarantine Hotel
HONG KONG—Veteran actor Kenneth Tsang has died while in a COVID-19 quarantine hotel in Hong Kong, local media reported. Tsang was best known internationally for his action roles in the 2002 James Bond film “Die Another Day,” John Woo’s “The Killer” in 1989, “Rush Hour 2” in 2001, and “The Replacement Killers” in 1998. Tsang…
Indonesia Industry Body Confident Palm Oil Export Ban Could End in May
JAKARTA—Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets. The world’s top palm oil producer expanded an…
Meta Expanding Massive $1 Billion Illinois Data Center, Set to Power Everything From Facebook to Instagram Beginning Next Year
April 29, 2022
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By Robert Channick From Chicago Tribune Meta, the social media giant formerly known as Facebook, is expanding its massive $1 billion data center under construction in DeKalb to nearly 2.4 million square feet, putting the college town west of Chicago at the center of its metaverse. Slated to open next year, the five-building complex filled…
Huawei’s Q1 Sales Down 14 Percent as US Sanctions Remain
April 29, 2022
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SINGAPORE—Chinese telecoms equipment and smartphone maker Huawei’s sales fell 14 percent in January–March from a year earlier as it grappled with U.S. sanctions, according to figures released by the company Thursday. Huawei Technologies said its revenue was 131 billion yuan ($19.8 billion) in the first quarter of 2022, compared to 152.2 billion yuan a year…
Crypto Miners’ Electricity Use in Texas Would Equal Another Houston
By Naureen S. Malik From Bloomberg News The Texas grid operator expects to increase electricity demand by up to 6 gigawatts by mid-2023, more than enough to power every home in Houston. The forecast from the Electric Reliability Council of Texas is the first official estimate on how much stress miners are apt to put…
One Nation Seeking to ‘Clean Out’ Moderates From Centre-Right Liberal Party
April 29, 2022
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Moderate MPs in Australia’s centre-right Coalition government will confront an additional challenge from the right-wing conservative One Nation party after it announced that it would preference the centre-left Labor opposition in five key marginal seats. Pauline Hanson, national leader of the party, revealed on April 28, that in its “first shot across the bow” One…
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