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TSMC says war not expected to impact material supply in ‘near term’
BusinessInternationalTSMC says war not expected to impact material supply in 'near term'By AFP -Apr 16, 2026TAIPEI, Taiwan: Taiwan’s TSMC said Thursday it does not expect the Middle East war to impact its supply of chipmaking materials such as helium and hyrogen in the near term. “We source from multiple suppliers in different regions, and we have prepared safety stock inventory on hand,” chief financial officer Wendell Huang told an earnings call. “We do not expect any near-term impac...
TSMC says war not expected to impact material supply in ‘near term’
TAIPEI, Taiwan: Taiwan’s TSMC said Thursday it does not expect the Middle East war to impact its supply of chipmaking materials such as helium and hyrogen in the near term. “We source from multiple suppliers in different regions, and we have prepared safety stock inventory on hand,” chief financial officer Wendell Huang told an earnings call. “We do not expect any near-term impact on our operations.” AI demand drives TSMC’s net profit to fresh record Taiwanese...
Inside OpenMacro: How One of Europe’s Youngest Fund Management Teams is Democratizing Institutional Macro Intelligence
Casablanca – For decades, macroeconomic and quantitative investment research has operated as a closed system. Only the largest financial institutions had the resources to connect macroeconomic variables — labor markets, inflation, liquidity, and monetary policy — to asset behavior using advanced mathematical models. The cost of proprietary data, the need for PhD-level research teams, and opaque fund structures kept this layer of intelligence firmly out of reach for most investors. That system is...
Minister to propose £100 oil payment for lower income households
Minister to propose £100 oil payment for lower income households26 minutes agoShareSaveAdd as preferred on GoogleJayne McCormack,Political correspondentandNiall Glynn,BBC News NIPA MediaGordon Lyons said more funding is needed than is being offered by the UK governmentCommunities Minister Gordon Lyons is set to propose households in Northern Ireland with a total income of about £30,000 or less will get an extra payment to help with heating oil bills.Stormont ministers are meeting to discuss how...
Private companies hitting 48,000 UK drivers with £100 charge every day
Private companies hitting 48,000 UK drivers with £100 charge every dayThe issue is contentious and new figures have been publishedCommentsMoneySteven Smith Content Editor10:29, 16 Apr 2026View 3 ImagesThe DVLA charges £2.50 for every request(Image: pratan ounpitipong via Getty Images)Around 48,000 motorists in Britain are being hit with charges of up to £100 every day, new figures show. New data shows drivers receiving an average of nearly 48,000 parking fines daily from private firms.Some 13.1...
Aldar secures Dh5 billion sustainability-linked loan to boost Abu Dhabi growth
Abu Dhabi: Aldar Properties has raised Dh5 billion through a new sustainability-linked revolving credit facility, giving the Abu Dhabi developer additional firepower to fund future projects. The five-year syndicated loan, backed by 10 UAE, regional and international banks, lifts Aldar’s total available liquidity to Dh38.2 billion, including Dh13.9 billion in cash and Dh24.4 billion in undrawn committed facilities.The company’s average senior debt maturity stands at five years, while the average...
IMF Warning: खतरा बड़ा है... 2029 में द्वितीय विश्वयुद्ध के बाद जैसा होगा माहौल? भारत के लिए डर कम
IMF Warning
Maruti Suzuki Ignis likely on its way out as demand fades
Maruti Suzuki Ignis likely on its way out as demand fades
Sensex falls 1,000 points after early gains: What should investors do?
Sensex falls points after early gains What should investors do
UAE labour market remains stable amid regional developments
Dubai: The UAE’s labour market continues to demonstrate resilience and stability despite ongoing regional developments, with businesses operating smoothly and workers receiving wages on time, according to the Ministry of Human Resources and Emiratisation (MoHRE).In a statement issued on Thursday, MoHRE confirmed that the country’s private sector remains unaffected by regional uncertainties, underlining the strength, diversity and sustainability of the UAE economy.Get updated faster and for FREE:...
UAE tightens AML rules, banks face stricter checks
Dubai: The Central Bank of the UAE has rolled out a fresh set of anti-money laundering and counter-terror financing guidelines, tightening expectations for banks and money transfer operators. Sign up for our daily business newsletter, Cheques & Balances.The update sets out clearer supervisory expectations across customer verification, trade finance monitoring and correspondent banking, with a stronger focus on identifying risks linked to proliferation financing and cross-border transactions.Get...
How change in H-1B selection system has been a boon to employees already in the US
US businesses are witnessing significantly higher H-1B visa selection rates, with some reporting over 50% success. This surge follows the Department of Homeland Security's shift from a random lottery to a wage-weighted system, prioritizing higher salary offers. The new rule, effective February 27, 2026, aims to reshape the selection process for skilled foreign workers.
Salaries paid on time as UAE job market remains stable: Ministry
The UAE’s labour market remains “stable”, with business operations continuing uninterrupted despite ongoing regional tensions, the Ministry of Human Resources and Emiratisation (MoHRE) said on Thursday.In a statement, the ministry said data from the Wage Protection System (WPS) shows private sector companies continue to pay salaries on time. MoHRE noted that the WPS, which covers around 99 per cent of private sector workers, has not recorded any “notable change” in compliance rates, even amid th...
Major UK retailer closes all 137 stores after plunging into administration
Major UK retailer closes all 137 stores after plunging into administrationThe Original Factory Shop had 137 stores and employed 1,180 people when it collapsed into administrationCommentsNewsChristopher Mallett10:08, 16 Apr 2026Updated 10:13, 16 Apr 2026View ImageMajor high street brand The Original Factory Shop has closed all its stores(Image: Mike Kemp/In Pictures via Getty Images)A popular discount retailer has vanished from the UK high street following the closure of all its shops and head of...
Noida workers protest: UP govt hikes minimum wages, but can exporters afford it?
Garment exporters in Uttar Pradesh face a dilemma as a recent wage hike for workers clashes with rising input costs and squeezed margins. Ongoing labor unrest in Noida factories is causing concern among global buyers, who are seeking clarity on potential shipment delays and may shift orders to competing nations.
Energy Storage Boom Propels Former Huawei Executive Into Billionaire Ranks
The Middle East conflict, coupled with rising electricity usage due to AI, is boosting demand for energy storage products such as those from China’s Sigenergy Technology. The investor optimism has made founder Xu Yingtong a billionaire with a net worth of $2 billion.
UAE launches Dh100 million fund to boost non-profit sector
The UAE announced the launch of a Dh100 million Non-Profit Organisations Empowerment Fund on Thursday, aimed at transforming community initiatives into measurable, long-term impact.Addressing a press conference, Shamma bint Sohail Al Mazrui, Minister of Community Empowerment, highlighted a shift towards sustainable social development.Vice President and Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum, had first announced the fund in October last year while unveiling a ‘Volunteeri...
Ask Gulf News: Can employers reduce salaries and change roles during restructuring in the UAE?
Question: I run a company with several employees. I would like to know whether an employer can downgrade an employee’s position with a salary reduction due to restructuring. Also, what does a standard final settlement include?Answer:An employer may downgrade an employee’s position and reduce their salary only if the employee agrees to the change in writing. Without written consent, such changes are not permissible. Any amendments to the employment contract must be signed by the employee.Article...
Europe’s chemical industry is in free fall — America's could be next
Europe’s chemical industry is quietly unraveling, and Americans should be paying very close attention. What is happening across the Atlantic is not simply a story of industrial decline. It is a warning sign for the United States about what happens when overregulation collides with global competition, especially from China. If Washington does not act, the same pressures now hollowing out Europe’s chemical base could undermine America’s position as a global chemical producer over the next decade....
Bank will not rush into moving rates despite ‘big energy shock’, says Bailey
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