In Today’s News
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GlobalFoundries Boosts $16B Investment with New Research Focus
GlobalFoundries has significantly expanded its investment commitment to $16 billion, marking a bold move in the semiconductor arms race. The additional funds—$1B in capital expenditure and $3B in R&D—will be funneled into advanced chip development to support emerging technologies such as AI processors and quantum computing components. This decision follows growing global demand and competitive pressure from Asian giants like TSMC and Samsung. Industry analysts view this strategic shift as a way for GlobalFoundries to carve out niche leadership in specific high-growth segments. Read More >>
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Tesla Sales Drop Again in Europe Ahead of New Model Y
Tesla’s sales continued to slide for a fifth straight month across Europe, including key markets like Germany, Italy, and the UK. The drop comes just ahead of new Model Y deliveries and reflects ongoing consumer wariness around Elon Musk’s political controversies and evolving EV preferences. While Tesla still leads in brand visibility, its competitors are gaining traction with newer incentives and compact models. Analysts predict Q3 performance will be pivotal for Tesla’s European trajectory. Read More >>
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Trump on Xi: ‘Hard to Make a Deal’
Former President Trump shared strong remarks about Chinese President Xi Jinping, labeling him “tough” and “extremely hard to make a deal with.” The comments were made via Truth Social amid increasing speculation about U.S.-China trade policy should Trump return to office. Trump’s post follows talks of renewed tariff threats and possible dialogue with Beijing. The market reacted cautiously as diplomatic uncertainty continues to cloud supply chain forecasts. Read More >>
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Airline Routes Disrupted by Expanding Conflict Zones
Rising global conflict zones are putting increasing pressure on airline routes and profitability. Executives at major carriers report frequent rerouting due to missile risks, GPS spoofing, and restricted airspace. Recent incidents in the Middle East and Eastern Europe have forced airlines to adopt more conservative flight paths, impacting fuel costs and timing. The airline industry is calling for enhanced global cooperation to mitigate future disruption. Read More >>
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