Taipei (Reuters) : After opposition parties enacted legislation mandating cuts to economic and technology investment, Taiwan’s science ministry issued a warning on Friday that funding for sectors including semiconductors, artificial intelligence, and aerospace might be slashed by T$20 billion ($609.11 million) for the upcoming year. The governing Democratic Progressive PartyRead More →

As expiring non-deliverable contracts and currency futures increased demand for dollars, the Indian rupee (INR) plunged to its lowest level ever on Friday. Meanwhile, importers panicked and bought dollars. Before the central bank’s intervention helped to reduce sharp losses, traders said the Indian rupee fell to an all-time low ofRead More →

Karachi : (Web Desk )According to a project director at the firm, Karachi-based Dewan Farooque Motors Limited, a Pakistani car importer and manufacturer, would build Chinese electric trucks domestically. The vehicle’s introduction is planned for the first quarter of next year. With the intention of having 30% of all passengerRead More →

Istanbul (AFP): In an effort to combat double-digit inflation, Turkey’s central bank reduced its main interest rate on Thursday for the first time in over two years. Citing improvements in “inflation expectations and pricing behavior,” the bank’s monetary policy committee voted to lower the target rate from 50% to 47.5%.Read More →

Reuters, NEW DELHI – The gentle-spoken Manmohan Singh, who passed away on Thursday at the age of 92, was seen as a “reluctant king” during his first term as prime minister and was undoubtedly one of India’s most effective leaders. Singh served a record two terms as prime minister fromRead More →

ISTANBUL (AFP) A huge bomb smashed through an explosives facility in northeastern Turkey on Tuesday, killing 12 people and wounding five more, officials said. Shards of glass and metal were seen scattered outside the factory, with ambulances nearby. “According to initial reports, 12 employees died and four were taken toRead More →