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Chipmakers’ rout widens after TSMC ignites smartphone fears

Bloomberg Asian technology stocks joined their peers in a global swoon after a disappointing sales outlook from Taiwan Semiconductor Manufacturing Co., Apple Inc.’s main chip supplier, rekindled concerns that the smartphone industry’s best days may be behind it. TSMC fell 6 percent — its biggest loss since July 2013 — after predicting current-quarter sales about a billion dollars less than ...

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Education boom makes this Chinese teacher a billionaire

Bloomberg It’s all adding up for Liu Yachao. The chief operating officer of TAL Education Group, a Beijing-based provider of tutoring services for Chinese students in core academic subjects, became the company’s second billionaire as its stock more than doubled in the past year. Chinese parents spend an average of $42,892 on their children’s education, with 93 percent of them ...

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Google is Indonesia’s new weapon in war on illegal fishing

Bloomberg Indonesia’s Fisheries Minister Susi Pudjiastuti deals with some dangerous men in her role, but they don’t rattle her. She has an equally intimidating weapon on her side: Google. Partnering with the search engine firm, Pudjiastuti is catching illegal fishing activity in real time, after thousands of vessels’ locations were revealed online. In her mission to clean up an industry ...

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