Yahoo Finance Red Lobster Is Filing for Bankruptcy Because of Shrimp
Red Lobster has filed for bankruptcy protection and will sell its assets. WSJ explains what went wrong for the seafood restaurant chain.
Red Lobster has filed for bankruptcy protection and will sell its assets. WSJ explains what went wrong for the seafood restaurant chain.
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HSINCHU/TAIPEI, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible. Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration of Taiwan President Lai Ching-te, who Beijing denounces as a "separatist". "Instability across the Taiwan Straits is indeed a consideration for supply chain, but I want to say that we certainly do not want wars to happen," Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei told reporters after the company's annual general meeting.
Wang Nianpu was recommended for criminal charges while dozens of local government officials, his bosses, and senior colleagues face fines or warnings.
Turns out they add garlic in ways I'd never thought of.
Some Chinese AI chip companies are now designing less powerful processors to retain access to Taiwan Semiconductor Manufacturing Co (TSMC) production in the face of U.S. sanctions, four people with knowledge of the matter said. Aiming to impede breakthroughs in artificial intelligence and supercomputing by China's military, Washington has imposed a series of export controls on highly sophisticated processors from companies such as Nvidia and on chip manufacturing equipment.
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"No one understands why I have a bag of these in my fridge until they try my homemade risotto."
Fiat owner Stellantis and Mercedes-Benz have paused plans to build gigafactories in the EU amid slowing electric vehicle sales and rising costs.
Despite recent tensions between China and the Philippines, with the two sides increasingly squaring off over sovereignty claims in the South China Sea, diplomats are hoping to stem the tide of declining trade. The Southeast Asian country will continue exploring the Chinese market's interest in tropical agricultural products - including coconuts and highly sought-after durians - and wants to become more attractive to investors in sectors that China has seen come under mounting pressure from Weste
The tech industry is undergoing a round of layoffs. Microsoft (MSFT) has confirmed it will be introducing a workforce reduction, and Alphabet's Google (GOOG, GOOGL) is reportedly looking to follow suit. Yahoo Finance's Dan Howley explains the motive for the job cuts despite strong balance sheets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Richard Quest interviews Paul Griffiths, CEO of Dubai Airports, about the ambitious plans for the next airport in the UAE, on track to be the world’s largest by far. They met up on the sidelines of the International Air Transport Association annual meeting in Dubai.
In Venetian scampi alla busara, large, sweet, shell-on prawns are bathed in a sauce made with fresh tomatoes and flavored with a splash of white wine, smashed garlic cloves and a sprinkling of pepper flakes. Pairing scampi alla busara with al dente pasta is a delicious, though not strictly traditional, combination. The pasta finishes cooking directly in the sauce; the reserved cooking water helps the sauce cling to the pasta.
Oil slides after OPEC+ detailed the unwinding of its production cut plan going into 2025. Wall Street had expected cuts to be extended through the end of the year.
Global markets finished mixed on Monday, as traders on Wall Street attempted to look beyond weaker than expected manufacturing data, and markets reacted to falling oil prices."This deal looks to draw a line under attempts to drive energy prices sharply higher for the time being," said Joshua Mahony, chief market analyst at Scope Markets.
It's better in flavor and texture.
The gap between China and the US in leading artificial intelligence (AI) chip technology is set to widen further, after Nvidia founder and chief executive Jensen Huang unveiled next-generation processors for what he called a new era of generative AI and robotics used in industries. In a keynote speech on Sunday ahead of the Computex trade show in Taiwan that runs from June 4 to 7, the 61-year-old billionaire said computers are "no longer just an instrument for information storage or data process
Gasoline prices fell $0.06 per gallon over the last week, representing the biggest weekly drop of 2024.
Airbus declined to respond to the Bloomberg report and said that it does not comment on confidential discussions that may or may not be taking place with customers. Reuters reported in April that France-based Airbus was in preliminary talks over a potentially major order with China, the world's second-largest aviation market.