Intel to sink in $10.9 billion for new chip plant: Moshe Kahlon Israel’s finance minister

Intel is one of the biggest employers in Israel as well as one of its biggest exporters. Israel’s finance minister has stated, Intel Corp will sink in $10.9 billion (40 billion shekels) on a new chip plant factory in Israel, as part of its most recent multi-billion dollar investment in the country. “Intel’s global management…

Alstom and Siemens place their high-speed train technology on the table: sources

The merger has promise since it could create a Franco-German rail company that will be in a better position to compete with China. According to sources familiar with the matter at hand, Alstom and Siemens have offered to divest one of their high-speed train technology in order to address EU antitrust concerns about their merger…

France’s finance commission eases capital gains tax on bitcoins with other non-real estate assets

The finance commission has moved to amend the 2019 budget bill to include the sales of crypto assets which will be taxed at 30% rather than the earlier 36.2%. France’s finance commission in its lower house of parliament has backed plans to lower tax on the sales of bitcoins, thus bringing it on par with…

Japan to buy 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft for $3.135 billion

The potential sale will augment Japan’s capability to assess the situational awareness of air and naval activity in the Pacific region. As per a statement by the U.S. State Department, the potential sale of upto 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft have been approved for Japan. The estimated cost of the…

China’s antitrust regulators give the go-ahead for Qualcomm’s acquisition of NXP Semiconductors

Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…

Cryptocurrency investors file lawsuit against Coincheck Inc

While Coincheck wants to resume trading once it can guarantee the secure resumption of its operations, investors want to withdraw their holdings so that they can continue trading on other cryptocurrency exchanges. On Thursday, cryptocurrency investors in Japan launched a lawsuit against Tokyo-based cryptocurrency exchange Coincheck Inc in efforts aimed at forcing it to allow…

South Korea’s Youbit announces bankruptcy following 2nd hacking attack this year

While the 1st attack has been linked to North Korea’s spy agency, South Korea’s KISA along with local law enforcement agencies have begun investigating the hack in which 4,000 bitcoins were stolen. On Tuesday, Youbit, a South Korean cryptocurrency exchange disclosed, it was shutting down for bankruptcy following a second hacking attack this year. The…