TOKYO (AP) – Taiwan’s chipmaker TSMC said Thursday it will be manufacturing some of the world’s most cutting-edge semiconductors in Japan to meet booming artificial intelligence-related demand, in a boost for the country’s chipmaking ambitions.
NEW YORK (AP) - The U.S. stock market roared back, as technology stocks recovered and bitcoin halted its plunge, at least for now. The S&P 500 jumped 2% Friday for its best day since May. The Dow Jones Industrial Average soared roughly 1,200 points and topped the 50,000 level for the first time, while the Nasdaq composite rallied 2.2%.
TOKYO (AP) – Sony’s profit in the last quarter surged 11% on healthy global sales, prompting the Japanese entertainment and electronics company to raise its full year profit forecast. Tokyo-based Sony Group Corp. said Thursday that it recorded an October-December net profit of 377.3 billion yen ($2.4 billion), up from 341 billion yen the year before.
HONG KONG (AP) – Hong Kong’s pro-democracy former media tycoon Jimmy Lai will be sentenced Monday following his conviction in December under a Beijing-imposed national security law. Lai, the 78-year-old founder of the now-defunct Apple Daily newspaper, could face up to life in prison in the case that has stirred criticism from some foreign governments.
KUALA LUMPUR, Malaysia (AP) – Malaysia has announced an immediate and full ban on the importation of electronic waste, as the government vowed the country would not be a “dumping ground” for the world’s waste. All electronic waste, commonly known as e-waste, would be reclassified under the “absolute prohibition” category effective immediately.
WASHINGTON (AP) – Looking back on the first year of his second term, President Donald Trump boasts that he has resurrected the American economy by imposing big import taxes on foreign products. He made his case in a recent opinion piece in The Wall Street Journal, chiding the paper and critics, including mainstream economists, who predicted that tariffs would backfire, raising prices and threatening growth. “Instead,” he wrote, “they have created an American economic miracle.”
DUBAI, United Arab Emirates (AP) – An Indian teacher and activist known for creating hundreds of learning centers and painting educational murals across the walls of slums won the $1 million Global Teacher Prize on Thursday.
Excerpts from recent editorials in the United States and abroad:
TAIPEI, Taiwan (AP) – Taiwan’s ties with the United States are “rock solid,” the island’s president said Thursday, hours after President Donald Trump and Chinese leader Xi Jinping spoke on the phone about topics that included the self-ruled island’s future. “The Taiwan-U.S. relationship is rock solid, and all cooperation projects will continue uninterrupted”.
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