Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) raised its growth projections and unveiled record spending plans for 2022, signalling that the voracious demand for chips that has fuelled a months-long supply chain squeeze will persist for years. Apple Inc’s most important chipmaker is now projecting average sales growth of 15% to 20% annually — as much as double its previous …

  Bloomberg Apple Inc said that developers have generated more than $260 billion in revenue since the App Store launched in 2008, up about $60 billion from the figure it reported a year ago. The iPhone maker made the announcement as part of a summary of the performance of its digital services across 2021. The company said the App Store …

  Bloomberg Last year’s record-high car prices won’t be dropping soon. In December, the average price of a new vehicle in the US hit $47,077, up 14% ($5,742), compared to 2020, and up 1.7% ($808) from the previous month, according to Kelley Blue Book. The rise came as US inflation ended 2021 at sizzling levels levels—a 39-year high of 7%—with …

  Bloomberg Nigeria lifted a seven-month ban on Twitter Inc. in the West African country, after the social network agreed to various conditions. Twitter will establish a legal entity in Nigeria and appoint a country representative to engage with the government when required, the National Information Technology Development Agency, or NITDA, said in a statement announcing the imminent end of …

  Bloomberg Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that the market is tightening as global consumption withstands the impact of the Omicron virus variant. Brent crude traded above $85 after rallying more than 4% this week. The global crude benchmark has made a strong start to the year, which has been …

  Bloomberg French and German electricity prices jumped after Electricite de France SA revised down the production forecast for its nuclear fleet that’s vital to keep the lights on in Europe. The world’s biggest producer of nuclear power reduced its estimate by about 8% after finding defects at some reactors. It’s another blow to Europe which is already facing an …

  Bloomberg Diesel markets are jumping everywhere, a positive indicator for oil prices more widely. In Asia, the lowest inventories in years have driven margins from making the fuel to a four-month high. Winter there is chillier than usual and demand for transport, industrial and heating fuels are getting a boost. The continent is contending with significantly less supply from …

  Bloomberg Thyssenkrupp AG plans to hold a majority stake in its rebranded electrolysis unit after its initial public offering to tap into the growing market for green hydrogen to fight climate change. The engineering conglomerate is preparing to list its electrolysis plant business this year, renaming it Nucera, in a move that could value the unit at as much …

  Bloomberg US aviation regulators say they’ve made progress reducing the risk of flight disruptions from new 5G service that’s set to start January 19, but at the same time they’ve issued almost 1,500 orders limiting flight operations across the country. The Federal Aviation Administration expects to provide information soon on what percentage of aircraft will be subject to the …

  Bloomberg Boeing Co’s 737 Max is poised to resume commercial flights in China as soon as this month, according to people familiar with the matter, a significant milestone for the narrow-body workhorse after it was grounded worldwide in 2019. A so-called operational readiness flight conducted by Hainan Airlines on January 9 is a sign the model could return to …