Author: HeraldStar

Intel Corporation (INTC.O) has suffered a significant setback in its efforts to build its fledgling contract manufacturing business, losing out on a lucrative contract to design and fabricate Sony’s (6758.T) next-generation PlayStation 6 chip. According to sources familiar with the matter, Advanced Micro Devices (AMD.O) emerged victorious in a competitive bidding process, securing the contract to design and fabricate the chip for Sony’s highly anticipated gaming console. The contract, worth billions of dollars, was seen as a crucial opportunity for Intel to establish itself as a major player in the contract manufacturing space. However, a dispute over profit margins and…

Japan’s Economic Security Minister Sanae Takaichi has called on the central bank to maintain ultra-low interest rates, citing concerns that recent rate hikes may hinder the country’s fragile economic recovery. Takaichi, a top contender in the ruling Liberal Democratic Party’s (LDP) leadership race, expressed her views at a news conference on Saturday. The Bank of Japan (BOJ) had ditched negative interest rates in March and raised short-term rates to 0.25% in July, citing progress toward achieving its 2% inflation target. However, Takaichi emphasized the need for continued fiscal and monetary support to sustain economic growth. Her remarks follow those she…

At least two people have lost their lives as devastating wildfires swept through central and northern Portugal on Monday, prompting widespread evacuations, motorway closures, and an urgent appeal for international assistance. The most critical situation was reported in the Aveiro district, where a massive forest blaze reached the outskirts of Albergaria-a-Velha, burning several houses and threatening many more. Mayor Antonio Loureiro confirmed that four homes had been destroyed, with 20 additional structures at risk. More than 1,100 firefighters were deployed to combat the inferno, supported by 12 water-bombing aircraft. However, authorities warned that conditions were expected to worsen due to…

Former U.S. President Donald Trump was safe after the Secret Service foiled what the FBI called an apparent assassination attempt on the Republican candidate for president while he was golfing in Florida. Several Secret Service agents fired on a gunman in bushes after he was spotted near the edge of Trump’s West Palm Beach golf course, a few hundred yards from where Trump was playing on Sunday, law enforcement officials said. The suspect was arrested after fleeing the scene in a vehicle, leaving behind two backpacks and an AK-47-style assault rifle. The apparent attempt on Trump’s life came just two months after he was…

At least four people died in eastern Romania after torrential rain caused flooding, the country’s emergency response unit said on Saturday, as river levels surged in several other central and eastern European nations following days of heavy rainfall. More rain is forecast in much of the region over the coming days, putting authorities on alert in the Czech Republic, Poland, Slovakia, Hungary and southern Germany and parts of Austria. Officials in some towns along the Czech-Polish border carried out evacuations as rivers rose past alert levels while the Czech capital, Prague, which suffered catastrophic floods in 2002, has put up flood…

Iran has launched a research satellite into orbit using a rocket built by the Revolutionary Guards, state media reported on Saturday. The launch comes at a time when the United States and European countries have accused Iran of transferring ballistic missiles to Russia, which could potentially be used in the ongoing war with Ukraine. Iran has denied these allegations. The Chamran-1 satellite was launched into a 550-kilometer orbit using the Qaem-100 satellite carrier, which was designed and built by the Aerospace Force of the Revolutionary Guards. The satellite, weighing 60 kg, has begun transmitting signals, and its primary mission is…

Thousands of Tunisians took to the streets on Friday to protest against President Kais Saied, accusing him of attempting to rig the upcoming presidential election by detaining and intimidating his rivals. The massive march, one of the largest in two years, demonstrated the growing opposition to Saied’s rule, which began in 2021 when he started governing by decree, a move critics describe as a coup. The protesters chanted slogans such as “Out with dictator Saied” and “No fear, no terror, streets belong to the people,” expressing their discontent with the president’s actions. The electoral commission, whose members were appointed by…

Pope Francis has criticized both former US President Donald Trump and Vice President Kamala Harris over their stances on immigration and abortion, respectively. During a press conference on his flight back to Rome from Singapore, the pope stated that not welcoming migrants is a “grave” sin and likened having an abortion to an “assassination”. He urged US Catholics to “choose the lesser evil” when voting in November, without elaborating on who that might be. The pope’s comments came after a 12-day tour across Southeast Asia and Oceania, where he spoke to journalists about the upcoming US presidential election. Although he…

North Korean leader Kim Jong Un met with top Russian security official Sergei Shoigu on Saturday, where they discussed deepening strategic dialogue between the two countries. According to state media KCNA, they had a wide exchange of views on regional and international situations, and reached a satisfactory consensus on issues including cooperation to defend mutual safety interests. Kim emphasized that North Korea will continue to expand cooperation with Russia in accordance with the strategic partnership between the two countries. The meeting between Kim and Shoigu comes amid accusations from the United States, Ukraine, and independent analysts that North Korea is…

A joint US-Iraqi military operation on August 29 resulted in the deaths of 14 ISIS operatives, including four senior leaders, in Western Iraq. The US military disclosed the operation in August, revealing that seven military personnel were also injured during the raid. On Friday, US Central Command confirmed the deaths of several top ISIS leaders, including Ahmad Hamid Husayn Abd-al-Jalil al-Ithawi. Al-Ithawi was responsible for overseeing all ISIS operations in Iraq, making his elimination a significant blow to the terrorist organization. The successful operation deals a substantial setback to ISIS, which has been attempting to regain its foothold in Iraq.…