In order to boost memory chip production and seeking to capitalize on an industry-wide surge in demand, South Korea’s SK Hynix Inc said on Thursday it will invest 3.16 trillion won ($2.7 billion) in its home country and China. Building a new plant to make NAND flash chips used for long-term data storage is the…
If there wasn’t fresh money coming in quickly, it would run out of cash at a faster pace than previously forecast, the third biggest Italian lender warned on Wednesday and hence time is running out for the bank. Its 10.6 billion euro ($11.5 billion) liquidity position could last for 11 months, Monte dei Paschi had previously…
With the International Energy Agency previously stating that the sun could be the planet’s biggest source of electricity by 2050, the potential of solar power is significant. The appetite for solar among some is becoming increasingly stronger in the U.K. “We’re in the middle of what you can only describe as an energy revolution in…
Consumer virtual reality (VR) has failed to gain traction from investors heading into the New Year even though it might have been a buzz phrase in the tech scene for most of 2016, according to a venture capitalist. “I think 2017 will be what we call the winter of VR … especially from an investment…
According to a study by the wine and spirits industry, more than half of the average Brit’s Christmas drink bill will go the taxman. According to research by the Wine and Spirits Trade Association (WSTA), U.K. consumers pay more in alcohol duty than most of their European Union (EU). In fact, in comparison to the typical…
Despite a conviction on negligence charges over a state payout made while she served as France’s finance minister in 2008, International Monetary Fund chief Christine Lagarde escaped punishment and kept her job. Hours after the verdict was issued by a panel of judges in Paris with no fine or jail term, the executive board representing the IMF’s 189…
Parity between the value of the euro and dollar would be brought about by divergence in monetary policy between the United States and Europe, according to ING Group. Hitting the lowest level since August 2003 when it traded as low as 1.0357, on Thursday the euro hit a low of 1.0364 against the dollar. Due…
Validating Walt Disney Co’s strategy of spinning new stories and characters off of the sci-fi classic, ticket sales of “Rogue One: A Star Wars Story” through Friday put it on track to top the box office and post one of the biggest opening weekends of the year. Disney said in an e-mail that the feature,…
In a case related to the shape of the Kit Kat chocolate biscuit bar in an EU court which said it should be re-examined, Nestle has lost a tussle with rival Mondelez International over the validity of its EU trade mark for the shape. In 2007, the Kit Kat four fingers trade mark was asked…
Questions have been raised over profitability even as Nintendo premieres its new, highly-anticipated “Super Mario Run” mobile game. This is the first iPhone game released by the Japanese gamemaker. Technology news site Recode reported that within an hour of its premiere the app became the top downloaded iPhone app in the U.S. after its release globally for…
