Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) kicked off mass production of next-generation chips on Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung ...

  Bloomberg India’s move to restructure the world’s biggest food program is a fiscally prudent and a politically deft move, according to Nomura Holdings Inc. The withdrawal of the free food plan was always going to be politically tricky, but the simultaneous reorientation of the food public distribution system makes it an easier political sell, Nomura economists Sonal Varma and ...

Bloomberg Russia rained scores of missiles on Ukrainian cities in one of its heaviest barrages of the war, pressing further with a campaign to destroy civilian targets as Moscow spurned the prospects of talks to end the invasion. In the 10th large-scale attack since September, President Vladimir Putin’s forces fired 69 cruise missiles, according to Valeriy Zaluzhnyi, Ukraine’s army commander-in-chief. ...

  Bloomberg China said it is up to the US to take steps towards resuming high-level military discussions that were suspended after Nancy Pelosi visited Taiwan, comments that hint at lingering tensions between the world’s two largest economies. “If the US really wants to carry out positive and constructive dialogue and exchange with China, it must show sincerity and take ...

  Bloomberg Serbs in Kosovo began removing road barricades erected in protest against the largely ethnic-Albanian government, after the US and European Union increased pressure on both sides to avert a new Balkan conflict. After weeks of obstruction, protesters ceased blocking traffic at Merdare, the key border crossing between Serbia and Kosovo, police said. At the same time, two trucks ...

  Bloomberg Strike-weary Britons may face further travel disruption on Friday, when road traffic officers and control-room staff begin a two-day action, the latest in a wave of walkouts sweeping across Britain. Members of the Public and Commercial Services union working for National Highways in the southwest and the West Midlands will strike, a move the union said would reduce ...

  Bloomberg The Bank of Japan (BOJ) announced two additional rounds of unscheduled bond-purchase operations, fighting back against traders betting it will further relax its yield-curve control policy. The central bank offered to buy unlimited amounts of two- and five-year notes at a fixed yield, along with 600 billion yen ($4.5 billion) of one-to-10 year bonds. That was on top ...

  Bloomberg Goldman Sachs Group Inc is working on a fresh round of job cuts that will be unveiled in a matter of weeks, Chief Executive Officer David Solomon said in his traditional year-end message to staff. “We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first ...

  Bloomberg Multiple stress points are emerging in credit markets after years of excess, from banks stuck with piles of buyout debt, a pension blow-up in the UK and real-estate troubles in China and South Korea. With cheap money becoming a thing of the past, those may just be the start. Distressed debt in the US alone jumped more than ...

  Bloomberg An Argentine economist drafting recommendations for a more business-friendly government that could emerge from 2023 elections has a message for foreign investors eyeing potential regime change. “We’re not interested in hot money in Argentina,” Carlos Melconian, head of think tank Ieral, said. “Capital inflows that create quick profits and get confounded with the element of confidence don’t interest ...