Japan’s Nikkei 225 skyrockets over 5% to hit record highs as Takaichi secures historic mandate

Japan’s Nikkei 225 skyrockets over 5% to hit record highs as Takaichi secures historic mandate

Bird’s-eye view of central Tokyo including Tokyo Tower at sunrise hours. Vladimir Zakharov | Moment | Getty Images Japanese stocks jumped to a record high Monday, leading gains in the region after Japanese Prime Minister Sanae Takaichi won a landmark election victory. The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower…

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Smartphone market hit by deepening memory crisis

Smartphone market hit by deepening memory crisis

Memory shortages will constrain sales of smartphones for some time, hurting demand for chip industry companies like supplier Qualcomm and chip architecture designer ARM Holdings, executives and analysts said on Wednesday as both companies reported results that disappointed investors. Among the world’s largest smartphone chip designers, Qualcomm is dealing with relatively tepid orders as customers…

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Intel takes another hit

Intel takes another hit

Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel said it is struggling to satisfy demand for its server chips used in AI data centres, and forecast quarterly revenue and profit below market estimates, sending shares down 13% in after-hours trading on Thursday. The forecast underscores the difficulties faced by Intel in predicting global chip markets, where…

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Ukraine scrambling for energy as Russian strikes hit infrastructure | Russia-Ukraine war News

Ukraine scrambling for energy as Russian strikes hit infrastructure | Russia-Ukraine war News

Authorities order emergency imports of electricity as people struggle in subzero temperatures. Ukraine’s energy minister has sounded an alarm over the energy situation as Russian strikes ​on the country’s infrastructure leave people shivering in subzero temperatures without heating or power. Denys Shmyhal, who took office ‍earlier this week, told parliament on Friday that there was…

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