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McIlroy tied for lead with Hojgaard and Rozner after 3rd round in Dubai as hot-headed Hatton fades

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  • China must innovate in semiconductor design or fall behind the global market, expert says

    China must develop new chip-design technologies that do not rely on advanced manufacturing processes, according to one of the mainland's leading authorities on semiconductors, as the domestic integrated circuit (IC) industry faces increased US technology restrictions. "It's time to commit to building our own technological ecosystem," Wei Shaojun, a professor at Tsinghua University's School of Integrated Circuits and vice-president of the China Semiconductor Industry Association, said in his keyn

  • Sean ‘Diddy’ Combs Accuser Details Alleged Sexual Assault at White Party: ‘I Was Screaming, I Was Telling Him to Stop’ and ‘He Was Acting Like It Was Nothing’

    One of Sean “Diddy” Combs’ accusers has given an anonymous on-camera interview about his sexual assault allegations against the music mogul, marking the first time an alleged victim of Combs has done so. In an interview with CNN, a John Doe — whose face was concealed and voice altered to maintain his anonymity — detailed …

  • Three Stocks That Might Be Trading Below Their Estimated Value

    In a week marked by mixed performances across major global indices, growth stocks have outpaced their value counterparts significantly, highlighting the diverse sectoral movements within the market. As investors navigate these fluctuating conditions, identifying stocks that might be trading below their estimated value could present opportunities for those seeking to balance potential risks with rewards. Understanding what makes a stock potentially undervalued involves examining factors such...

  • With China in sights, US plans curb on countries' advanced semiconductor access: sources

    The US government plans to issue a new rule before the end of this month aimed at curbing Chinese companies' sourcing of advanced artificial intelligence (AI) chips from unrestricted third-party countries, according to sources. The new export control measure will focus on controlling the global shipments of powerful graphics processing units (GPUs) that have become instrumental in the training of AI models, closing loopholes in existing rules, according to two people familiar with the matter, wh

  • Amazon Studios’ Glenn Gainor Says “Human Intelligence Is More Powerful Than AI”

    Amazon Studios’ Glenn Gainor is backing humans over artificial intelligence, as he posited that the industry needs to embrace change during “an incredible inflection point.” Gainor is Head of Physical Production, Amazon Original Movies, at Amazon Studios. “We are in an incredible inflection point as an industry, as a community and as storytellers,” he said …

  • Korean Air acquires Asiana, creating one of Asia's biggest airlines

    STORY: Korean Air said Thursday it has completed its long-drawn-out acquisition of local rival Asiana. That creates one of Asia’s biggest airlines. The $1.3 billion deal was first announced four years ago, making it the longest time ever to complete a tie-up between two carriers. Progress was hampered by competition concerns. Korean had to make significant concessions to mollify watchdogs around the world. That included handing routes to other airlines, and selling off Asiana’s cargo business. Now the enlarged group looks set to account for just over half of South Korea’s passenger capacity. And it will rank 12th among world airlines, measured by international capacity. That’s all according to a Reuters analysis of available data. Korean says the takeover will not mean layoffs. It says Asiana will be run as a subsidiary for two years, before the companies are fully integrated. The new entity will then retain the Korean Air name, but under new branding. A single low-cost carrier will also be created as part of the reorganisation.

  • Airline pilots, crews voice concerns about Middle East routes

    STORY: The Middle East is a key air corridor for planes heading to India, South-East Asia and Australia.But with recent instability, the safety debate about flying over the region is playing out.Concerns are being raised in Europe particularly, because pilots there are protected by unions, unlike other parts of the world.Reuters spoke to four pilots, three cabin crew members, three flight security experts and two airline executives about growing safety concerns in the European air industry.Reuters also reviewed nine unpublished letters from unions representing pilots and crews.They expressed worries about air safety over Middle Eastern countries.The letters were sent to multiple airlines, the European Commission and the European Union Aviation Safety Agency in the summer.In late September, an experienced pilot at Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel.He decided to query the decision since just a week earlier the airline had deemed the route unsafe. According to the pilot, Wizz Air's flight operations team told him the airway was now considered secure and he had to fly it.Days later, Iraq closed its airspace when Iran fired missiles on October 1st at Israel. In response to Reuters' queries, Wizz Air said safety is its top priority and it had carried out detailed risk assessments before resuming flights over Iraq and other Middle Eastern countries.In other letters, staff called on airlines to be more transparent about their decisions on routes.The ongoing tensions between Israel and Iran and the abrupt ousting of President Bashar al-Assad by Syrian rebels at the weekend have raised concerns of further insecurity in the region.Some European airlines including Lufthansa and KLM allow crew to opt-out of routes they don't feel are safe.But others such as Wizz Air, Ryanair and airBaltic don't.AirBaltic said the airline meets an international safety standard that doesn't need to be adjusted.Ryanair, which intermittently flew to Jordan and Israel until September, said it makes security decisions based on EASA guidance.Passenger rights groups are also asking for travelers to receive more information.

  • India to decide soon whether to curb steelmaking raw material imports, source says

    India will reach a decision soon on whether to impose import restrictions on metallurgical coke, a key ingredient in steelmaking, a source with direct knowledge of the matter told Reuters. India, the world's second-largest producer of crude steel, proposed a plan in April to protect local suppliers of low-ash metallurgical coke by imposing country-specific quotas to limit annual imports to 2.85 million metric tons for one year. Those consultations have concluded, and the decision is now pending with the federal trade ministry, the source said on Wednesday.

  • Russia signs $13bn-a-year oil deal with India in blow to Western sanctions

    The 10-year deal is for the supply of 500,000 barrels of oil per day, or about 0.5 per cent of the world’s supply

  • Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say

    NEW DELHI/MOSCOW (Reuters) -Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine. Rosneft did not reply to requests for comments.

  • Tech war: Chinese surveillance firm Uniview calls on US to reconsider its trade sanction

    Chinese video surveillance systems maker Zhejiang Uniview Technologies has called on the US government to reconsider the company's inclusion in a trade blacklist, as geopolitical tensions between the world's two biggest economies continue to escalate. Hangzhou-based Uniview on Tuesday was added to the so-called Entity List for enabling "human rights violations, including high-technology surveillance targeted at the general population, Uygurs, and members of other ethnic and religious minority gr

  • Chip war: China's semiconductor imports expand ahead of tightened US restrictions

    China's semiconductor imports continued to expand this year, as mainland enterprises rushed to stockpile integrated circuits (ICs) from US suppliers ahead of the roll-out of fresh trade sanctions by Washington. From January to November, China imported a total of 501.47 billion ICs, a 14.8 per cent jump in volume from the same period last year, according to data published on Tuesday by the General Administration of Customs. The total value of IC imports recorded by the mainland in the past 11 mon

  • China's Nio, behind on growth targets, aims to tighten cost control

    SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Nio will seek to improve efficiency and cost control as it seeks to spur sales growth that is two years behind schedule, its CEO said on Thursday. William Li told reporters at an event in Shanghai that it will also start production at its third factory in the second half of next year, and that it aimed to achieve monthly deliveries of 20,000 cars from its second, Onvo brand, by March 2025. Li said last month the company aims to double sales in 2025 from this year.

  • India considers 'safeguard' duty on steel, minister says

    India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, H.D. Kumaraswamy, said on Thursday, as it attempts to rein in a flood of cheap imports from China. The world's second-biggest producer of crude steel, India became a net importer of the alloy in the fiscal year to March 31, with imports surging to a seven-year high during the first seven months of the current financial year. The ministry has sought imposition of 25% safeguard duty or a temporary tax for two years on flat-steel products to curb cheap Chinese imports, Reuters reported last week.

  • Woody Allen and Soon-Yi Previn are sued by the personal chef they fired

    Woody Allen 's former personal chef claims in a lawsuit that the filmmaker and his wife fired him because of his service in the U.S. Army Reserves and questions about his pay, then “rubbed salt on the wounds” by saying they didn't like his cooking. Allen and Soon-Yi Previn “simply decided that a military professional who wanted to be paid fairly was not a good fit to work in the Allen home,” private chef Hermie Fajardo said in a civil complaint filed Tuesday in federal court in Manhattan. Allen and Previn knew Fajardo would need time off for military training exercises when they and their home manager hired him as their full-time chef in June 2024 at an annual salary of $85,000, the complaint said.

  • China's semiconductor firms cash in chips as export boom bucks overall trend

    Despite intensifying restrictions from the US intended to stifle China's semiconductor trade, Beijing's shipments of the bedrock technology stood out as a rare bright spot in a recent export data release. China's integrated circuit exports hit a record US$144.7 billion in value for the first 11 months of 2024, growing 18.8 per cent year on year according to customs data released on Tuesday. In addition to rising global demand and the rapid development of AI, the scale of manufacturing for China'

  • 8 Expensive Reasons You’ll Regret Retiring Abroad

    Exotic, relaxing, and potentially far more affordable, retiring abroad is an alluring idea. It's also not a totally uncommon reality when you're retirement planning. However, actually retiring...

  • In India, the Hornbill Festival keeps traditions alive

    The 10-day Hornbill Festival is held in Kohima, the capital of the remote Indian state of Nagaland, on the border with Burma.

  • Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup

    “This was not theft,” Macy’s chief financial officer confirmed Wednesday.

  • Retirement Planners: Why You Should Reconsider This Golden Rule of Retirement

    If you've met with a financial planner or sought retirement advice online, you've likely heard of the 4% rule, a guideline used by retirees to help plan how much they can safely spend in retirement...