Related Posts
Israel’s Economy Shrinks 20% Due to Conflict
Israel’s economy shrank by 19.4% in the last quarter of 2023, a significant downturn triggered by military actions against Hamas. The conflict led to evacuations and the mobilization of thousands of reservists, causing widespread business disruptions. Analysts had predicted a 10.5% decline, making the actual contraction far worse than expected. The Israeli shekel fell by […]
TSMC’s Chip Dominance Grows: Record Profits Fuel A.I. Revolution
Taiwan Semiconductor Manufacturing Company (TSMC) has posted exceptional financial results for the third quarter of 2024. The world’s largest contract chipmaker reported a 54% increase in net profit compared to the same period last year. This surge brought TSMC’s earnings to NT$325.26 billion ($10.1 billion), surpassing market expectations. The company’s revenue also saw significant growth, […]
Trinidad Navigates Complex Gas Field Deal with Venezuela
Trinidad’s Prime Minister Keith Rowley describes negotiations over the Dragon gas field as a significant challenge they’ve addressed since 2018. The Dragon field lies in Venezuelan waters but is close to Trinidad and Tobago, the Caribbean’s largest gas producer. It holds 120 million cubic meters of gas. The area neighbors Trinidadian fields run by Shell, […]