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Economy

US in talks over 10% Intel stake, White House confirms

The government of the United States is said to be evaluating a major action that could transform the future of the semiconductor sector. Talks have emerged regarding the potential acquisition of as much as a 10 percent interest in Intel, a leading chip manufacturer globally. This notion illustrates the increasing worry about technological autonomy, national defense, and international competition in a domain that serves as the foundation for nearly every contemporary industry.The proposal aligns with broader efforts to strengthen domestic chip production. Semiconductors are essential for computers, smartphones, vehicles, military systems, and countless connected devices that define modern life. The…
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Air Canada resumes flights after reaching union pay agreement

Air Canada has reached an agreement with its unionized workforce, bringing an end to the uncertainty that surrounded its recent labor dispute and setting the stage for flight operations to return to normal. The resolution follows weeks of negotiations that had disrupted schedules and raised concerns for both travelers and the broader aviation sector in Canada.The agreement, reached following thorough negotiations between the airline and union representatives, resolves crucial matters central to the conflict, such as pay, working conditions, and timetables. Both sides have affirmed that the settlement offers stability for employees while allowing the airline to keep its focus…
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Settlement reached: Newsmax pays $67m in Dominion election defamation case

Newsmax has resolved its legal dispute with Dominion Voting Systems by agreeing to a $67 million settlement, closing a chapter in one of the most high-profile defamation cases linked to the 2020 U.S. presidential election. The agreement prevents the case from proceeding to trial and underscores the financial and reputational consequences faced by media outlets when reporting on claims that lack substantiated evidence.Dominion Voting Systems, una empresa que suministró tecnología electoral y máquinas de tabulación en todo Estados Unidos, se convirtió en un objetivo central de campañas de desinformación tras las elecciones de 2020. Acusaciones infundadas sobre la manipulación de…
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Soho House sold for £2bn with Ashton Kutcher joining board

A new chapter has begun for the exclusive global private members' club, Soho House, following a recent acquisition deal that places its valuation at a staggering £2 billion. This significant transaction not only marks a major moment in the hospitality and leisure industry but also introduces a fresh perspective to the company's leadership. The move, which brings a prominent figure from the entertainment and technology sectors onto its board, signals a strategic shift for the brand as it looks to expand its influence and appeal to a new generation of members. The acquisition solidifies the club's position as a premium…
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China's unemployed young adults who are pretending to have jobs

Inside China’s trend of young adults pretending to work

In recent years, a growing number of young adults in China who face unemployment have resorted to pretending they hold jobs, creating a complex social phenomenon driven by economic challenges, cultural expectations, and the pressures of modern life. This behavior, often referred to as “fake employment” or “pretend work,” reflects deeper issues within the country’s job market and the personal struggles of a generation caught between ambition and reality. The fast-paced economic development in China over recent decades has reshaped its society by opening up new possibilities, yet it has also increased competition for good jobs. Even though there has…
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The US is taking a cut from chip sales to China - what does it mean?

What does the US share in chip sales to China mean for businesses?

The United States has introduced a new measure that effectively takes a portion of the revenue generated from semiconductor chip sales to China. This development signals a shift in trade dynamics between two of the world’s largest economies and carries significant implications for the global technology market, international relations, and the semiconductor industry itself. Understanding the scope and potential consequences of this move requires a closer examination of its background, rationale, and expected effects. Semiconductor chips, which are frequently referred to as the core of contemporary electronics, are essential to devices ranging from mobile phones and PCs to cars and…
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