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Intel Scraps Tower Acquisition After China Fails to Approve Deal

August 16, 2023 / no comments

Intel had agreed in February 2022 to buy the Israeli chip maker for more than $5 billion.

U.K. Inflation Eases to 6.8% as Energy Prices Fall

August 16, 2023 / no comments

The slowdown in price pressures comes as wages are rising at a record pace, which could lead to further increases in interest rates by the Bank of England.

Intel Acquisition of Tower Semiconductor Is Scuttled by China

August 16, 2023 / no comments

Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators.

Harbor Custom Development begins lease-up of Olympia complex

August 16, 2023 / no comments

The apartments are part of a six-property portfolio the publicly traded company listed last year for $278 million.

Bill Gates’ TerraPower names 4 suppliers for demonstration project

August 15, 2023 / no comments

The project is focused on providing clean energy on demand when sources like wind or solar aren’t available.

Lebanon Freezes Accounts of Riad Salameh

August 15, 2023 / no comments

The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.

Estée Lauder’s Big Bet on China Is Looking Not So Pretty

August 15, 2023 / no comments

Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China and U.S. businesses.

U.S. Is Turning Away From Its Biggest Scientific Partner at a Precarious Time

August 15, 2023 / no comments

Severing collaborations with China amid security concerns could undermine American progress in critical areas, some scientists are warning.

Yellow Corp. bankruptcy leads to more than 400 WA layoffs

August 15, 2023 / no comments

Trucking company Yellow Corp., which filed for bankruptcy earlier this month, employed more than 400 Washington workers who will lose their jobs as the company liquidates.

Russia’s Central Bank Can’t Stop Ruble Trouble

August 15, 2023 / no comments

The currency crisis might not follow the classic emerging-market template: Rather than a sharp depreciation stemmed by painful interest-rate rises, we are more likely to see a slow but inexorable decline.

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