Taiwanese chip giant will build third facility in Arizona as part of $65bn investment in the US. The United States has pledged to give Taiwan’s chip giant TSMC up to $6.6bn to expand production at facilities it is building in the state of Arizona. The funding announced on Monday will…
Zimbabweans have 21 days to convert their old cash into new money, according to the central bank. Zimbabwe’s central bank has launched a new “structured currency” backed by gold, as it seeks to tackle sky-high inflation and stabilise the country’s long-floundering economy. The new currency – called Zim Gold (ZiG)…
Bali and Jakarta, Indonesia – Late last year, Balinese woman Nih Lu Putu Rustini got the shock of her life when she tried to withdraw cash from an ATM to complete a renovation project at her ancestral home. Working as a cleaner during the day and a nanny by night,…
All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for the alarm bells to start ringing. Job growth in the United States has…
India is the world’s fifth-largest economy. The World Bank says the nation is leading growth in South Asia. India is one of the world’s fastest-growing emerging markets. Much of the success happened in the past 10 years, under Prime Minister Narendra Modi. He’s banking on that achievement to win over…
Bangkok, Thailand – Sheltering from the sun on a street corner, Kridsada Ahjed rues the day he got involved with the loan sharks who now gobble up most of his daily earnings. “I went to the loan sharks because people like me – with no assets or savings – cannot…
The company debuted on the stock market last week, offering Trump a ray of hope amid pending financial woes. Shares in former President Donald Trump’s Trump Media & Technology Group surged last week after debuting on the stock market in the United States. But a disclosure that the company lost…
Keerthi Subramanian, a shop clerk in South London, earns 10.42 pounds ($13.15) an hour. From Monday that will go up by 1.02 pounds ($1.29) to 11.44 pounds ($14.44) as a new United Kingdom minimum wage kicks in. That is not much help, she says. “At just over 10 pounds, I…
The collapse of a major bridge in Baltimore earlier this week has led to the suspension of vessel traffic at the Port of Baltimore, one of the busiest harbours in the United States, until further notice. On Wednesday, it was reported that Maryland would receive initial funding of $60m from…
Dakar, Senegal – For the traditional, small-scale fishermen of Ouakam Beach in Senegal’s capital Dakar, inequality is just a glance away. Adama Gueye, a 58-year-old canoe captain, points towards the coast, where imposing villas of the upper-class, including politicians, sit tall and mighty a stone’s throw away from where he…
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