Europe’s top court, the European Court of Justice, has made a landmark ruling against tech giant Apple after a decade-long court battle over its tax affairs in Ireland. This decision comes at a critical time for Apple, as the company recently unveiled new products and is looking to revitalize its lineups. The European Commission accused
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With the upcoming meeting of the U.S. Federal Reserve approaching, the debate over the size of the interest rate cut is heating up. Some analysts, like Michael Yoshikami, CEO of Destination Wealth Management, are advocating for a jumbo 50 basis point rate cut. According to Yoshikami, a larger cut would signal the Fed’s readiness to
The recent shooting at the border crossing between the West Bank and Jordan resulted in the deaths of three Israeli civilians. This incident has been linked to the ongoing war in Gaza, highlighting the interconnected nature of conflicts in the region. The gunman approached the Allenby Bridge Crossing from the Jordanian side, opening fire at
CIA Director William Burns expressed serious concerns about the potential use of nuclear weapons by Russia against Ukraine in the fall of 2022. During a discussion with the U.K.’s secret intelligence chief Richard Moore, Burns highlighted the risks of escalation and the need to address the issue with caution. He emphasized that while the threat
The Dutch government recently announced that it is broadening its export restrictions on advanced semiconductor manufacturing equipment, specifically on more types of chipmaking tools produced by ASML. This decision to impose further curbs reflects the government’s commitment to national security in the face of evolving technological advancements and heightened security risks in the global geopolitical
Qualcomm CEO Cristiano Amon recently revealed that the chip designer is teaming up with Samsung and Google to develop mixed-reality glasses connected to smartphones. This initiative sets them apart from Apple, who introduced a larger headset. The concept of mixed reality involves merging augmented and virtual reality, creating a blend of digital images superimposed on
The Asia-Pacific markets experienced a significant plunge on Wednesday, with Japan’s Nikkei 225 taking the lead after U.S. tech stocks sold off. The Nikkei 225 was down 3.19%, marking the highest losses in the region. The Topix also suffered, dropping 2.79%. The semiconductor sector was hit particularly hard, with stocks like Renesas Electronics plummeting 8%,
China’s housing market continues to face challenges despite various government stimulus efforts. According to Haibin Zhu, chief China economist at JPMorgan, the sector is still in the midst of a crash that is far from over. Home prices are not expected to stabilize until at least 2025, indicating a prolonged period of uncertainty for the
Asia-Pacific markets experienced a mix of movements on Monday as investors digested China’s latest business activity data. China’s official purchasing managers’ index for August revealed a decline in the manufacturing PMI to 49.1, signaling a faster contraction compared to the previous month. This figure missed the forecast of economists, marking the fourth consecutive month of
Japan lodged a protest with China following the violation of its territorial waters by a Chinese naval survey vessel – the second incident in less than a week. This move underscores the growing concerns in Tokyo over the increased Chinese military activity near Japan and Taiwan in recent years. Response and Defense Buildup In response