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Profit beats expectations as AI boom drives 54% hike
Business

Profit beats expectations as AI boom drives 54% hike

An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022.I-Hwa Cheng | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by AI applications.The company's net income was 352.3 billion Taiwanese dollars ($10.1 billion) over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars cited by Reuters.TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia.This breaking news story is being updated. Source link
Hundreds of tar balls have surfaced on Sydney beaches. But what are they?
World News

Hundreds of tar balls have surfaced on Sydney beaches. But what are they?

By Jesse Hyland for the ABC Hundreds of black balls mysteriously appeared along the shore of Sydney beaches. Photo: Supplied / Randwick City Council Facebook One of Sydney's most popular beaches came under the spotlight this week when hundreds of black balls mysteriously appeared along its shore. The sphere-shaped debris washed up at Coogee Beach on Tuesday, resulting in the beach's closure and an investigation by Randwick City Council and the NSW Environment Protection Authority (EPA). The black balls then surfaced at Clovelly Beach, Gordons Bay and the northern end of Maroubra Beach. The EPA confirmed on Thursday that balls had also been found at Bondi, Bronte, Tamarama, Little Bay, Malabar, Frenchmans and Congong beaches. All beaches will remain closed until further investigation ...
Unrivaled women’s basketball league to air on TNT Sports
Business

Unrivaled women’s basketball league to air on TNT Sports

Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesWarner Bros. Discovery is ensuring pro basketball will stay on TNT Sports.Unrivaled, the new and upcoming pro women's basketball league, signed an exclusive, multiyear media rights deal to air its games on TNT and truTV, as well as streaming platform Max. Terms of the deal were undisclosed.The three-on-three league was co-founded earlier this year by WNBA stars Breanna Stewart of the New York Liberty and Napheesa Collier of the Minnesota Lynx as the popularity of women's sports — basketball in particular — rises....
Fox News did not disclose its all-women town hall with Trump was packed with his supporters
World News

Fox News did not disclose its all-women town hall with Trump was packed with his supporters

Former President Donald Trump attends a Fox News Town Hall moderated by Harris Faulkner in Cumming, Georgia, on October 15. Photo: Elijah Nouvelage/AFP/Getty Images via CNN Newsource Fox News hosted an all-women town hall with former President Donald Trump, billed as an opportunity for female voters to ask the Republican candidate questions that matter to them. The Georgia town hall, where Trump took questions on reproductive laws, transgender rights and other issues, aired Wednesday morning in the US. But Fox News did not disclose that the female audience it selected for the event was packed with local Republican supporters and the network edited its broadcast to remove some of their vocal advocacy of Trump. The Georgia Federation of Republican Women wrote on its Facebook page that the...
China pledges more financial support for ‘whitelist’ real estate projects
Business

China pledges more financial support for ‘whitelist’ real estate projects

09 March 2024, China, Peking: Ni Hong (r.), China's Minister of Housing and Rural Development, speaks at a press conference. Johannes Neudecker | Picture Alliance | Getty ImagesChina will expand its "whitelist" of real estate projects and speed up bank lending for these unfinished developments to 4 trillion yuan ($561.8 billion) by the end of the year, the country's housing ministry said Thursday.Ni Hong, China's minister of housing and urban-rural development, made the announcement at a press conference, alongside officials from the central bank, finance ministry and the National Financial Regulatory Administration.A total of 2.23 trillion yuan had already been approved in loans to whitelisted developers. That figure will almost double to 4 trillion yuan by the end of 2024, according to a...
Family of Menendez brothers seek their release from California prison
World News

Family of Menendez brothers seek their release from California prison

By Brad Brooks for Reuters Erik Menendez (R) and brother Lyle listen to court proceedings during a May 17, 1991 appearance. Photo: Reuters: Lee Celano Relatives of Lyle and Erik Menendez, brothers imprisoned for life for killing their parents more than three decades ago, said on Wednesday local time they were meeting with prosecutors to request the men be freed. Los Angeles District Attorney George Gascon said earlier this month that his office was reviewing new evidence that could lead to the release or a new trial of the brothers, who have long said they killed their parents at their Beverly Hills home because of sexual abuse they endured at their hands. "I implore the district attorney's office to end our prolonged suffering and release Lyle and Erik back to our family," said Terr...
Tom Gores buys LA Chargers stake for $750 million
Business

Tom Gores buys LA Chargers stake for $750 million

Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty ImagesPrivate equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League's Los Angeles Chargers at an enterprise value of $4 billion, according to two people with knowledge of the deal who spoke on the condition of anonymity to discuss nonpublic details.The $4 billion valuation is more than a 30% discount to the team's value of $5.83 billion, according to CNBC's Official 2024 NFL Team Valuations. Limited partners with no path to control of the team typically get about a 20% to 25% discount in these deals.Gores likely got a larger than usual discount because he bough...
One Direction star Liam Payne’s death leaves friends and fans in shock
World News

One Direction star Liam Payne’s death leaves friends and fans in shock

The death of Liam Payne, who rose to fame as a singer for one of the best-selling boy bands of all time, One Direction, has left his friends and fans in shock. Local media reported he died after falling from the third floor of a hotel in Argentina. "I am in shock right now. Liam was always so kind to me," American singer Charlie Puth said on Instagram. "He was one of the first major artists I got to work with. I cannot believe he is gone." Paris Hilton wrote on X she was upset hearing the news of his Payne's death. "Sending love and condolences to his family & loved ones. RIP my friend." American singer Corbyn Besson, of band Why Don't We, wrote on X that he looked up to One Direction as a young artist. "You really never know when it's your time to go. remind your friends/family that y...
Renowned gynaecologist, ‘cancer conqueror’ Dr Ushalakshmi passes away at 91
Health

Renowned gynaecologist, ‘cancer conqueror’ Dr Ushalakshmi passes away at 91

Renowned gynaecologist Dr. Kotha Ushalakshmi, who was the inspiration behind Ushalakshmi Breast Cancer Foundation and KIMS-Ushalakshmi Centre for Breast Diseases passed away in Hyderabad on October 15. She was 91 years old.  Born in 1933 in Guntur, she has been one of the most renowned gynaecologists from the Telugu states. Her only son and eminent breast surgeon Dr Raghu Ram said she passed away due to heart failure. Ushalakshmi graduated and later obtained her Postgraduate qualifications (DGO & MD) from Guntur Medical College. She worked as Professor of Obstetrics & Gynecology in Hyderabad, with the longest innings at Niloufer Hospital. “Although breast cancer was an unwelcome visitor in her life at the age of 69, she fought the disease with extraordinary courage and fierce d...
Barclays names global ‘conviction’ stock ideas for Q4
Business

Barclays names global ‘conviction’ stock ideas for Q4

Barclays has named a raft of global stocks for investors to consider buying before the end of the year, naming "conviction stock ideas with catalysts." The bank's list includes six overweight-rated stocks from the U.K., which it gave an average upside potential of 25%. In explaining why they maintained their overweight rating for U.K. stocks, the bank's analysts said in an Oct. 11 equity research note that "hopes for domestic recovery are still present," though they noted that "sentiment is cautious going into October budget." "UK stocks overall are still very under-owned and look very cheap. FTSE100 is short Tech but a broadening-out of the rally benefits the value/defensive-tilted index for now," they wrote. The analysts also noted that U.K. domestic plays could benefit from "reduced unc...