Taiwanese chipmaker TSMC is feeling “good” about talks over a possible first European factory in Germany and is discussing subsidies with the host country’s government, the company’s chairman said on Tuesday. TSMC, the world’s largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or…
TSMC Feeling ‘Good’ About Possible Germany Plant, in Talks on Subsidies
No End to Price Shocks: Think Tank Warns Against Closing Australia’s Largest Power Station
June 6, 2023
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AustraliaBusiness & Marketseconomic policiesenergyEraring Power StationLiddell Power Stationnet zeroOrigin EnergyWorld
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The New South Wales (NSW) Labor government must do everything it can to stop the closure of the Eraring Power Station, with one think tank warning its shutdown could trigger major energy shortages and price hikes. Eraring’s seemingly inevitable closure will follow that of Liddell Power Station, Australia’s second-largest power plant, which supplied power to…
Experiment Drug Touted as Breakthrough for Intractable Brain Cancer
June 6, 2023
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brain tumorBusiness & MarketsCompaniesInvestmentMarketsScienceScience NewsServier LaboratoriesUSUS News
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A new experimental drug therapy has shown some promising signs of slowing down the progression of a type of brain cancer by more than 16 months on average. French drug developer Servier Labratories released results of a new medication that may become one of the earliest targeted therapies for a type of brain tumor affecting adults…
Australian Businesses Launch Media Campaign to Protest ‘Same Job, Same Pay’ Legislation
Australian businesses from various sectors have come together to protest the Labor government’s enterprise bargaining reform via a national media campaign. On June 5, eight major Australian business associations announced the launch of a national media campaign to raise awareness about the risks associated with the federal government’s “same job, same pay” legislation. The legislation,…
Bud Light Maker Fined for Violations of EPA’s Chemical Accident Prevention Rules
Anheuser-Busch, the company that makes Bud Light, faces a hefty fine and a series of mandatory safety reviews as part of a settlement with the U.S. Environmental Protection Agency (EPA) for violations of federal requirements regarding the prevention of chemical accidents. EPA said in a June 5 press release that it had reached a settlement with…
Apple Unveils Sleek ‘Vision Pro’ Goggles
CUPERTINO, Calif. — Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles…
Apple Unveils ‘Vision Pro’ Virtual Reality Headset
June 5, 2023
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appleBusiness & MarketsCaliforniaCompaniesgogglesMedia & Big TechNorthern CaliforniaRegional & State NewsState NewsTechTech NewsTim CookUS
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CUPERTINO, Calif.—Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles—dubbed “Vision Pro”—at…
JPMorgan Flags Some Signs of Emerging De-dollarization
LONDON -Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future. The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a…
Lawsuit Filed Against Australia’s Environment Minister for Not Considering ‘Climate Risk’
June 5, 2023
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AustraliaBusiness & Marketsclimate changeclimate riskeconomic policiesenergyInternationalTanya PlibersekWorld
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A legal challenge has been lodged against Australia’s environment minister, Tanya Plibersek, claiming she did not adequately consider climate risks when approving two new coal mining projects. The action, filed in the Federal Court of Australia, seeks a judicial review of the minister’s decision, arguing there were legal errors because Plibersek did not consider the…
US Treasury Can Meet All Obligations After Debt Ceiling Suspension
June 5, 2023
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Business & Marketsdebt ceilingeconomyMarketsnational debtnational debt defaultPolicies & ImpactsPoliticsU.S. TreasuryUS
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WASHINGTON—The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt limit, Treasury has the tools needed to ensure that the U.S….
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