How a homegrown Chinese chip maker became the memory industry’s biggest wild card

Poland is currently moving forward with legislation aimed at introducing a windfall profits taxA windfall profits tax is a one-time surtax levied on a company or industry when economic conditions result in large and unexpected profits. Historically, such taxes have targeted oil and energy companies when costs have risen, especially from war or other crises…..

This week, the OBR warned that without policy change, the UK could be set for a steep rise in public sector debt. And this is after one of the fastest rises in public debt amongst developed economies. A rise in debt to 200% of GDP would not be unprecedented, global wars have caused previous spikes,…

DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026. Growth is expected to benefit from the AI-driven semiconductor sector, while Consumer…

“Since her death, her bank balance fell to $9,000 from $16,000.”

09:45 (ET)On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment…

“I would rather have something small, on a huge piece of land in a more rural area.”