India Accepted Electronic Component Projects Of $4.6 Billion
The Indian IT ministry announced Friday that a variety of companies have been accepted for 418.63 billion rupees ($4.64 billion) in incentive schemes to stimulate domestic electronic component production. Samsung, Tata, and Foxconn (2317.TW) were among the companies whose projects were approved for government subsidies under the 229.19 billion rupee Electronics Component Manufacturing Scheme. Mobile…
China Asking for 2 Million Nvidia H200 Chip
Nvidia (NVDA.O) is trying to meet Chinese technology businesses’ high demand for its H200 artificial intelligence chips and has approached contract maker Taiwan Semiconductor Manufacturing Co (2330.TW) to increase output. Two people stated Chinese IT companies had ordered over 2 million H200 processors for 2026, while Nvidia has only 700,000 in stock. The additional amount…
India Raise Tax On Cigarettes While Tobacco Market Shares Fell
On Thursday, Indian tobacco companies’ shares fell as the government raised cigarette taxes, making them more expensive for 100 million smokers in the world’s most populous nation. ITC (ITC.NS), manufacturer of Gold Flake and market leader, slumped 9.2%, while Godfrey Phillips India (GDFR.NS), Marlboro distributor, fell 14.1%. The government has not indicated how the duty…
China Starts Adding 55% to Beef Imports
The commerce ministry announced Wednesday that China will charge 55% tariffs on beef imports from Brazil and the U.S. when shipment numbers exceed restrictions. These measures will begin on January 1, 2026, for three years.
$40 billion has been injected to OpenAI by SoftBank
SoftBank Group (9984.T), opens new tab concluded its $40 billion investment in OpenAI on Tuesday, citing people familiar with the subject. This is one of the largest private funding rounds ever and deepens founder Masayoshi Son’s AI bet. SoftBank is establishing one of the world’s largest private technology investment projects, focusing on AI and data…
Silver Rose 160% Defeated Gold This Year
Silver climbed beyond $80 an ounce for the first time on Monday, powered by robust industrial and investor demand, ongoing supply gaps, its recent designation as a U.S. Silver has gained over 160% year-over-year, beating gold’s 70% increase. London is the largest physical silver and gold market, where banks and brokers handle global orders.
UK Start To Invest on Defence Assets
Britain and Germany signed a 52-million-pound ($70 million) joint procurement contract on Sunday to buy modern artillery placed on armoured vehicles that can fire while moving and reach targets over 70 km (44 miles) distant. The Ministry of Defence claimed the arrangement will give the British Army an early capability demonstration of the RCH 155…
Oil Prices Drop 2%, Supply exceed Demand Next Year
Oil prices fell more than 2% on Friday as investors considered a worldwide supply glut and a potential Ukraine peace accord ahead of this weekend’s discussions between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. Brent fell $1.60, or 2.57%, to $60.64 per barrel. WTI crude fell $1.61, or 2.76%, to $56.74. Recent supply…