Jan 12, 2023 - Chip Giant TSMC Plans to Cut Spending to Offset Falling Near-Term Sales

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From the Editor's Desk The new Gulf sovereign wealth fund boom The football World Cup in Qatar was not the only show drawing attention to the oil-rich Gulf in recent weeks. In Abu Dhabi, an annual finance conference was so packed that attendees were left with standing room only as the region is increasingly viewed as one of the remaining sources of abundant capital. When sessions ended, bankers and investors squeezed through corridors pitching deals on the hoof. “It was so busy, it felt like the whole island sank a little,” one Abu Dhabi official quipped to a banker present. Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work Chip Giant TSMC Plans to Cut Spending to Offset Falling Near-Term Sales TSMC is under pressure to diversify the geographic distribution of its advanced chipmaking and is working with governments like the US and Japan on developing a more international footprint. Global policymakers and customers are increasingly leery of their technological reliance on Taiwan, an island Beijing has threatened to invade, and have pushed TSMC to shift some production abroad. Work Supreme Court Leaves New Yorks Gun Law in Place for Now The state’s lawyers said in the brief that the plaintiffs had overstated the sweep of the new law’s restrictions on carrying guns in sensitive places. The law’s limits, the lawyers said, tracked “longstanding prohibitions on the possession of firearms in places like fairs, markets, election sites, places of worship, courts, schools, places of public assembly and so forth.” � Work Connecticuts First Day Of Legal Recreational Marijuana Sales Tops $250,000 Two more medical marijuana dispensaries, in Danbury and Torrington, are expected to begin serving recreational cannabis customers soon. Up to 40 additional cannabis retailers are expected to launch operations before the end of the year, according to media reports. Work Diors new boss is the worlds richest mans daughter $182 billion: Bernard’s net worth as he comfortably tops the world’s richest man. That’s also equivalent to the record loss in the wealth of Tesla, SpaceX, and Twitter CEO Elon Musk, which cost him his apex spot on the world’s richest list. Bernard overtook Musk in December 2022. � Work Seven of the best TV shows you missed in 2022 And if you liked this story, sign up for the weekly bbc.com features newsletter, called The Essential List. A handpicked selection of stories from BBC Future, Culture, Worklife and Travel, delivered to your inbox every Friday. Work Tesco and M&S see sales soar over Christmas Looking ahead Mr Murphy said Tesco hoped that inflation would peak towards the middle of the year. \"We think and hope we will start to see inflation come off in the second half of the year,\" he said. � Work Napa Valley Winery Far Nientes New Luxury Food And Wine Experience With Chef Phillip Moratin The Oakville Napa Valley Cabernet Sauvignon comes from the historic Martin Stelling Vineyard adjacent to the estate. The sloping terrain and gravelly well-draining soils of the Western Oakville bench are ideal for inducing just the right amount of vine stress, producing Cabernet grapes that are small and concentrated with flavor, color and tannin. From the variety of clones planted in our vineyards to the myriad techniques employed in the cellar, our consistent pursuit of excellence has enabled us to craft wine of distinction that can pair beautifully with a wide range of foods. Work Biden's document scandal eats away at efforts to hold Republicans accountable | CNN Politics His comment, lent extra irony over his own previous appeasement of Trump's anti-constitutional attempts to steal an election, ignored the fact that voters didn't know the full extent of the fantastical biographical exaggerations from Santos when they went to the polls in November. � Work Jill Biden Has Surgery to Remove Two Cancerous Lesions Cancer has long been one of Dr. Biden’s areas of focus, and she has frequently addressed it as first lady. She founded the Biden Breast Health Initiative in 1993 after four of her friends were diagnosed with breast cancer, and she has traveled the country urging cancer screenings and support for cancer patients and their families. Work Amazon union victory at Staten Island warehouse upheld by federal labor board The ALU has struggled to replicate its success after workers voted to join the union at JFK8. Workers at a nearby facility on Staten Island rejected unionization in May, and the ALU lost an election at an Albany warehouse in October. � Work Californias Redwood Forests Dont Mind Wet, Windy Weather The natural range of the coastal redwoods is drying out because of warming temperatures, according to a study by Professor Sillett’s research team that was published in Forest Ecology and Management in December. That means that in a warmer future, redwoods may not be able to grow as tall or large as they have in the past. Work Amazon Loses Bid to Overturn Union Victory at Staten Island Warehouse The judge’s ruling essentially put Amazon on notice that it could not fire workers for engaging in protected activities like protesting safety conditions or union organizing. Amazon officials read the judge’s order to workers at JFK8 repeatedly during the first week of December. � Work Stripe's internal valuation gets cut to $63 billion In a memo addressing Stripe’s layoffs, CEO Patrick Collison shared some of his reasoning for the personnel pullback: “We were much too optimistic about the internet economy’s near-term growth in 2022 and 2023 and underestimated both the likelihood and impact of a broader slowdown.” Instead, the valuation cut could help with retention of existing employees, or even adjust expectations ahead of a wishful IPO. Work FTX: Collapsed crypto giant recovers over $5bn of assets In an interview with BBC News before his arrest, he said: \"I didn\'t knowingly commit fraud. I don\'t think I committed fraud. I didn\'t want any of this to happen. I was certainly not nearly as competent as I thought I was.\" � Work Inside A $68 Million Futuristic Bel-Air Estate That Has $25,000 Worth Of Custom Parisian Fragrance The home is co-listed by Sally Forster Jones, Levik Stephan and Anita Stephan of the Sally Forster Jones Group at Compass; Tomer Fridman of The Fridman Group at Compass; and Chantel Mehrabanian of Sotheby’s International Realty - Beverly Hills Brokerage. Work Workers may be able to still claim sickness benefits Labour has outlined plans to reform the system should it win power, announcing that claimants who take a job but then have to stop working within a year would not have to undergo another capability assessment in order to claim benefits again. Work No Room At The Airport Lounge: The Crisis Of Mass Affluence Glasses of sparking wine sit on a table inside the American Express Co. Centurion Lounge during a ... [+] media preview event at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., on Thursday, March 5, 2020. AmEx has told shareholders that spending on membership services, which includes its lounge collection, will be its fastest-growing expense this year—cost decisions that came prior to the current crimp on global travel due to coronavirus. Photographer: Patrick T. Fallon/Bloomberg Work Jeff Beck, legendary rock guitarist and musician, dead at 78 | CNN "I want to thank him for all our early days together in Jeff Beck Group, conquering America," he wrote. "Musically, we were breaking all the rules, it was fantastic, groundbreaking rock 'n' roll!" Work U.S. extends public health emergency status for COVID The U.S. health department on Wednesday extended the COVID-19 pandemic's status as a public health emergency, allowing millions of Americans to continue receiving free tests, vaccines and treatments. Work Opinion | Homemade Body Armor and Anti-Drone Apps. This Is Ukraines Civil Defense. The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com. Work Investors Look to Corporate Reports With Low Expectations The biggest risk for companies and the stock market remains the Fed’s campaign to constrain the economy and lower inflation, potentially pushing the economy into recession. Goldman’s analysts see a potential earnings decline of more than 10 percent this year in that scenario. Work AstraZeneca workers fired for refusing vaccine claim company engaged in age-discrimination AstraZeneca devised a strategy to eliminate older employees by using COVID-19 vaccine mandates, according to a lawsuit filed by fired employees. Work House Speaker Kevin McCarthy won't push Rep. George Santos to resign, says NY voters should decide The House speaker played down Santos\' fabrications on the campaign trail, telling reporters that \"a lot of people in the Senate and others\" embellished their resumes while running for office. Work Tatjana Patitz, one of the original '90s supermodels, dies at 56 Work Video: 1 Republican voted against the House GOP rules package. Hear why | CNN Politics Work Amazon union victory at Staten Island warehouse upheld by federal labor board Amazon said it intends to appeal the National Labor Relations Board's ruling. Work JP Morgan Says Startup Founder Used Millions Of Fake Customers To Dupe It Into An Acquisition JP Morgan is suing the founder of a Mark Rowan-backed startup it acquired, claiming the fintech, Frank, had sold the financial giant on a lie. Work Blockbuster NYTimes Story Accidentally Leaked Phone Numbers of Russian Soldiers Criticizing War For months, the Times has been exposing the phone numbers of soldiers who criticized the war as well as the numbers of potential family members. Work Tennis star Naomi Osaka announces she is pregnant | CNN Tennis star Naomi Osaka announced her pregnancy on Wednesday, posting a photo of an ultrasound scan on her social media accounts. Work Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week Starbucks corporate employees will be returning to the office at least three days by the end of the month. Work Her alleged attacker is a suspected serial killer. She forgives him but not the police | CNN Her body is riddled with bullet hole scars and specks of shrapnel. Just beneath the skin on her waist and chest are two lumps of leftover ammunition. Yet Natasha LaTour is still alive -- believed to be the lone survivor of a suspected serial killer. Work Jeff Beck, legendary guitarist, dies aged 78 after contracting meningitis Legendary guitarist Jeff Beck, who performed alongside Jimmy Page with The Yardbirds, has died aged 78.The virtuoso passed away on Tuesday, 10 January, after suddenly contracting bacterial meningitis, according to his representatives.With fingers and thumbs that were insured for a whopping 7 million, he is considered to be one of the best guitarists of all time.In addition to stepping in to replace Eric Clapton with The Yardbirds, he also went on to lead the Jeff Beck Group.The musician won eight Grammy Awards and was inducted into the Rock and Roll Hall of Fame twice.Sign up for our newsletters. Work Pay 164 Crores In 10 Days, Or Else...: Notice To AAP Over 'Political Ads' Arvind Kejriwal's Aam Aadmi Party (AAP) has been asked by its own government in Delhi to pay 163.62 crore within 10 days for its political advertisements allegedly passed off as government messages. Work Omicron XBB.1.5 does not have mutations known to make people sicker, WHO says The WHO said omicron XBB.1.5 does not have any mutations known to make people sicker but added that it needs more data to draw conclusions about its severity. Work NASA is funding ideas for a Titan seaplane and faster deep space travel | Engadget NASA is backing studies into new technologies that include a seaplane that could explore Titan.. Work ABL Space Systems' rocket experiences simultaneous engine shutdown shortly after lift-off Rocket startup ABL Space Systems' first orbital launch attempt ended in failure after all of the rocket's first-stage engines shutdown. Work Goldman job cuts hit investment banking, global markets hard -source Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter said. Work Two former employees sue ESPN over COVID vaccine mandate Two former ESPN employees have sued the network and its parent company, Walt Disney, over their terminations in 2021 after refusing to get the COVID-19 vaccine. In a complaint filed in a Conn Work Michael Flatley: Lord Of The Dance creator has 'aggressive form of cancer' The star first shot to fame after getting a standing ovation for the Irish dancing production Riverdance during the 1994 Eurovision Song Contest interval. Riverdance was later extended into a full-length show and Flatley followed up with his own stage show, Lord Of The Dance. Work As pandemic aid ends, many schools struggle to fund meals for kids A program that provided free meals for all U.S. schoolchildren expired last year, leaving schools and families in the lurch. Work Australia men's cricket team cancels Afghanistan matches over Taliban restrictions on women and girls' freedoms The ruling Taliban announced in late December that it was banning female students from universities in Afghanistan, after a U-turn on the opening of all middle and high schools to girls. Work China, AU vow to build a China-Africa community with a shared future in new era China is ready to continue to work with Africa as a development partner and build a China-Africa community with a shared future in the new era, Chinese Foreign Minister Qin Gang said on Wednesday during a meeting with African Union (AU) Commission Chairman Work The Royal Mail tells customers to hold international items after cyber incident It cant quite handle overseas mail right now. Work FTX has recovered $5 billion worth of 'liquid' assets, lawyers say FTX lawyers said they had recovered $5 billion of assets, including cash and crypto, bringing customers closer to recovering from the exchange's collapse. Work Hello Charcoal Toothpaste $1.5 Million False-Ad Deal Approved Hello Products LLC and consumers who alleged the Colgate-Palmolive Co. unit misled them about the benefits of charcoal toothpaste saw their $1.5 million class settlement finalized. Work Nelson Peltz Plans Proxy Fight Against Disney Trian Fund Management plans to mount a proxy fight for a seat on Walt Disneys board, adding to the challenges for CEO Robert Iger. Work Illinois Bans Semi-Automatic Weapons In Gun Safety Win The assault weapons ban comes less than a year after a deadly shooting massacre at a Fourth of July parade in the Chicago suburb of Highland Park. Work How to know when it's time to walk away from a sibling | CNN Sibling estrangement, like the rift between Prince Harry and Prince William, isn't uncommon. Here's how to know whether your sibling relationship is worth repairing or ending, according to psychologist Joshua Coleman. Work Be outraged, but dont be shocked that an S.F. gallery owner sprayed a homeless woman There is an epidemic of violence happening against homeless people in San Francisco.... Work Biden's document scandal eats away at efforts to hold Republicans accountable | CNN Politics His comment, lent extra irony over his own previous appeasement of Trump's anti-constitutional attempts to steal an election, ignored the fact that voters didn't know the full extent of the fantastical biographical exaggerations from Santos when they went to the polls in November. Work ABL Space Systems' rocket experiences simultaneous engine shutdown shortly after lift-off Rocket startup ABL Space Systems' first orbital launch attempt ended in failure after all of the rocket's first-stage engines shutdown. Work Video: 1 Republican voted against the House GOP rules package. Hear why | CNN Politics Work Video: He was just placed on Russia's most-wanted list. He has no idea why | CNN Work Sitting too much is bad for your health, but offsetting the impact is easy, study shows | CNN The bar for movement doesn't have to be high, Diaz added. "To the extent that you can break up your sitting with some kind of movement breaks, you're still going to yield some benefit," he said. Work Australia pulls out of Afghanistan cricket series over Taliban's restrictions on women | CNN The United Nations and at least half a dozen major foreign aid groups have said they are temporarily suspending their operations in Afghanistan following the ban on female NGO employees. Work Video: Kevin McCarthy speaks out about George Santos | CNN Politics Work Nassau County GOP calls for Santos to resign | CNN Politics In a separate matter, CNN also confirmed reporting from the Times that Santos was charged with embezzlement in a Brazilian court in 2011, according to case records from the Rio de Janeiro Court of Justice. However, court records from 2013 state that the charge was archived after court summons went unanswered and they were unable to locate Santos. Work Video: Retired US general calls Putin changing commanders a 'bizarre move' | CNN Work As search for missing Massachusetts mother Ana Walshe continues, details emerge of husband's family legal battle | CNN Law enforcement sources told CNN that investigators hope to collect blood samples from the couple's sons so they have a "direct bloodline" sample to compare against traces of blood found in the couple's basement. Work New Mexico shooting investigation leads to discovery of tiny Bengal tiger cub | CNN In August, conservation officers and law enforcement served search warrants on two homes in Albuquerque in response to "intelligence that a tiger was being illegally held at one of the residences," the release said. They didn't find the tiger, but there was a 3-foot alligator - as well as illegal drugs and guns - according to the release. Work Inside Facebook's high-stakes debate to reinstate Trump after a two-year ban | CNN Business Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. 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Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India Subscribe to: Post Comments (Atom) Addresses of importance Dharmendra Kumar AID INDIA, Bihar Chapter west from state tube bell lohiya path linked with Jagdeo Path patna-14 (Bihar) call @ 9431477171, 9801157286 (India #) Account Details Account Number: 03510020000278 Bank Name: Kotak Mahindra Bank Account name: AID INDIA Bihar Chapter Medicine List Click here for the list of medicine you can donate. If you can donate please coordinate with Dharmendrajee@9431477171 , his number is given Thanks Please donate! For Dollar donations (Tax Deductible) For Rupee Donations in India  Dharmendra ji is leading our flood relief in Bihar and a source of constant inspiration for us to provide more help to the flood victims. You can call him @ 9431477171 if you want any direct feedback from the ground level or for sending any material. Convenient timings to call: 7:00 AM to 9:00 AM in Morning (IST) 10:30 PM to 12:00 AM in Evening(IST) Latest Update: Health care, a prime concern at the moment. As the water is receding in some areas, they are becoming epidemic prone ! This blog has information received from Bihar on flood relief efforts undertaken by AID, AID India and partners. Donations links: Please Click here to view pics on gallery Please visit http://biharfloodvideos2008.blogspot.com/ to see the video coverage on Bihar Floods. News List Bihar flood victims prone to water-borne diseases Bihar flood survivors struggle to keep afloat - GULFNEWS.COM Bihar flood: ‘Goats and dogs sharing meals with people’ - EXPRESSINDIA.COM Bihar flood situation grim, millions cry for rescue - Economic Times UNICEF expresses concern over Bihar floods - MERINEWS.COM Too little relief for Bihar flood victims - NDTV Kosi wreaks havoc in Bihar - NDTV Blog Archive ►  2024 (17) ►  April (4) ►  March (6) ►  February (7) ▼  2023 (530) ►  December (6) ►  November (14) ►  October (33) ►  September (40) ►  August (25) ►  July (87) ►  June (10) ►  May (45) ►  April (6) ►  March (14) ►  February (113) ▼  January (137) A Physical Theory For When the Brain Performs Best... January 31, 2023 - Russian offensive "imminent" as... 'Tomb Raider' is Becoming a TV Series -- 'The Last... Jan 31, 2023 - The world's economy will grow faste... 9 Strategies to Improve Business Team Collaboratio... January 30, 2023 - Russia-Ukraine war live: Zelens... 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