BUENOS AIRES (Reuters) – Argentina’s economic activity grew 0.2% in August from July and fell less than expected from a year ago in the South American country’s third straight month of year-on-year contraction, its official statistics agency said on Wednesday. The grains-rich country’s economic activity fell 3.8% year-on-yea
Apple CEO Reaffirms Commitment to China Investment in Meeting with Tech Minister
Following a meeting with Jin Zhuanglong, Minister of Industry and Information Technology, Apple (AAPL, Financials) CEO Tim Cook promised further investment in China, according to a government WeChat statement. Cook underlined Apple’s intentions to increase its Chinese investment and stressed the company’s responsibility in helping the C
Estonia, Lithuania slam UN chief for attending Russia’s BRICS summit
Estonia and Lithuania on Wednesday criticized UN Secretary General António Guterres’ attendance at the summit of emerging industrial nations hosted by Russia. The summit of the BRICS brings together Brazil, Russia, India, China and South Africa, the original group of members from which the organization derives its abbreviation. The original m
U.S. confirms North Korean troops in Russia amid fears over Ukraine
WASHINGTON — The United States on Wednesday said North Korean troops have been deployed to Russia, raising the possibility they will be sent to fight in Ukraine — an assertion made by South Korea and the Ukrainian government in Kyiv. The move may show that Moscow’s shortage of manpower amid exorbitant casualties is worse “than most […]
Wolfspeed and ZF put German chip factory on ice
US chipmaker Wolfspeed and the auto supplier ZF have put plans for a semiconductor factory in Germany on ice, local officials said Wednesday, striking another blow to Berlin’s chipmaking ambitions. The project was “not abandoned, but pushed back on the timeline to an indefinite point in time”, said Anke Rehlinger, the leader of th