Stockholm Stock Exchange Closes Flat as Nibe Rises and Sandvik Falls 2%
The Stockholm Stock Exchange’s broad OMXS index closed unchanged on the last day of the trading week.
Technology
Foxconn’s third-quarter profit beats expectations at 77.5 billion Taiwanese dollars
Taiwan-based contract manufacturer Foxconn performed better than expected in the third quarter, according to its quarterly report.
Business
Nvidia Shareholders Sue CEO Jensen Huang Over Alleged Failure to Disclose Relationship
A group of shareholders has sued chipmaker Nvidia and CEO Jensen Huang, accusing them of misleading investors about Huang’s relationship with a woman suspected of being a Chinese spy.
Technology
TSMC October Sales Jump 59.7% Year Over Year to NT$586.9 Billion
Semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 59.7 percent year-on-year increase in sales to 586.9 billion Taiwanese dollars (approximately 175 billion SEK) in October.
BusinessTop news
Nvidia CEO Jensen Huang’s Alleged Mistress Alice Huang, Accused of Spying for China, Is Missing
Alice Huang, who is accused of espionage, obtained sensitive information from U.S. AI giant Nvidia through her company, Megaspeed. She had an affair with Nvidia CEO Jensen Huang and is suspected of spying for China. Her whereabouts are now unknown.
Technology
Stockholm Stock Exchange rises 1.1% as Saab and Boliden lead gains
The Stockholm Stock Exchange started the trading week higher after falling last week. The OMXS index closed up 1.1 percent.
Business
AI Sell-Off Triggers Global Stock Market Turmoil After $2.5 Trillion Wiped From Wall Street
Tech stocks are plummeting in chaotic trading on exchanges around the world. The sell-off began on Wall Street on Thursday, where $2.5 trillion in market value went up in smoke as AI stocks plunged, dragging the entire Nasdaq down 5.5 percent.
Technology
Pakistan Reverses Ban on Taiwanese Airlines Using Its Airspace, Bloomberg Reports
The Pakistani government is reversing course and lifting a recent ban on Taiwanese airlines flying through Pakistani airspace, Bloomberg reports, citing a source and new government documents.
Business- BusinessExtreme Heat Is Forcing H&M to Rethink What It Sells and When It Launches Collections
- WorldTyphoon Champi Injures More Than 500 in Taiwan, Leaving 280,000 Households Without Power
- BusinessMoody’s Raises TSMC Credit Rating to Aa2, Citing Strong Market Position and Finances
- BusinessTrump Says Taiwan Agreed to Buy 30% of Alaska Pipeline Gas for 20 Years
- World politicsChina Sanctions Paraguay and Belize Ministers Over Ties to Taiwan
- SportsTruls Möregårdh knocked out of China Smash by Lin Yun-Ju in straight sets
- SportsMöregårdh reaches China Smash quarterfinals after five-set win over Wen Ruibo
- WorldPhilippines Raises Alarm Over Increased Chinese Naval Presence in Disputed South China Sea Waters
- World politicsChinese Woman Arrested in US Over Suspected Spying on Taiwan President’s Family
- World politicsChinese Woman Arrested at Los Angeles Airport on Suspicion of Spying on Taiwan President’s Family for Beijing
- World politicsTrump and Xi praise friendship but announce no breakthroughs after White House talks
- World politicsXi arrives at White House with panda diplomacy as Trump hails friendship
- World politicsXi arrives in the US and is greeted by Trump at Andrews Air Force Base
- World politicsTrump to Meet Xi as AI Threats and Trade Tensions Top Agenda