Intel Corp on Friday is set to announce it will invest $20 billion in a massive new manufacturing site near Columbus, Ohio to develop and manufacture advanced semiconductor chips, sources briefed on the matter told Reuters. The planned investment includes 3,000 permanent jobs on the 1,000-acre site in New Albany,Continue Reading

Germany’s new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus pandemic. “The shortage of skilled workers has become so serious by now that it is dramaticallyContinue Reading

Fossil fuel emissions aren’t just driving climate change and worsening air quality, they’re also hurting crop yields enough to cause some $63 billion in annual losses in East Asia, scientists say. With high levels of ozone pollution, China, South Korea and Japan are seeing diminished yields in wheat, rice, andContinue Reading

French train maker Alstom reported a rise in third-quarter sales on Thursday, bolstered by contract wins in Europe and stronger market clout as it integrates the rail unit it bought from Bombardier last year. The Paris-based firm reported sales of 3.92 billion euros ($4.45 billion), compared with the 3.71 billionContinue Reading

Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world’s second-largest luxury group said on Wednesday. Sales at Richemont rose to 5.658 billion euros ($6.41 billion) in the company’s thirdContinue Reading

Swiss chocolate maker Lindt & Spruengli (LISN.S), said on Tuesday it expects demand for its upmarket chocolates to grow this year after the pandemic saw consumers increasingly splurge on sweet treats, boosting 2021 sales by 13.3%. Global chocolate markets recovered last year and the maker of Lindor chocolate balls, which keptContinue Reading

Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country’s dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan (3690.HK) thatContinue Reading

Prada called on Hollywood heavyweights Jeff Goldblum and Kyle MacLachlan to bookend its catwalk on Sunday afternoon, bringing a close to a quiet menswear fashion week that saw multiple brands cancel their shows in light of increasing Covid cases across Europe. The appearance of the actors at the Fondazione Prada punctuated the second physicalContinue Reading

The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatoryContinue Reading