Taiwan Semiconductor Manufacturing Co. ’s revenue topped estimates, reinforcing hopes of sustained global AI spending in 2026 despite concerns about an industry bubble. The go-to chipmaker for Nvidia Corp. reported a roughly 20% rise in December-quarter revenue to NT$1.05 trillion ($33.1 billion), based on calculations off monthly figures. That compares with an average projection for NT$1.02 trill...
Taiwan Semiconductor Manufacturing Co. ’s revenue topped estimates, reinforcing hopes of sustained global AI spending in 2026 despite concerns about an industry bubble. The go-to chipmaker for Nvidia Corp. reported a roughly 20% rise in December-quarter revenue to NT$1.05 trillion ($33.1 billion), based on calculations off monthly figures. That compares with an average projection for NT$1.02 trillion. Boosted by demand for data center chips, Nvidia executives expressed optimism this week about a brighter revenue outlook, countering fears that infrastructure construction is outpacing AI adoption. TSMC, a major manufacturer of chips for Apple Inc. , may have gotten a boost also from strong sales of the iPhone 17 launched in September. TSMC has been one of the biggest beneficiaries of the post-ChatGPT AI boom, riding its central role in manufacturing advanced AI accelerators. Global technology giants from Microsoft Corp. to Meta Platforms Inc. are spending upwards of $1 trillion collectively on data center projects to capitalize on growing AI adoption, but investors worry that the capacity in train will surpass actual usage. Read More: Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says The circular nature of many of those data center arrangements, in which investments and spending go back and forth between OpenAI and a few publicly traded tech giants, also concerns Wall Street. TSMC will report full quarterly earnings next week, along with a forecast on capital spending for 2026. Last year, the company benefited from rush orders when clients stockpiled chips before US tariffs kicked in. It earmarked $40 billion to $42 billion for expansion and upgrades in 2025. Multiple brokerages including JPMorgan Chase have raised their price targets on TSMC since the start of the year, citing expectations of strong revenue growth and improving profitability.
There are plenty of reminders of a bygone era in the Greek port of Elefsina. Cranes dot the skyline, while abandoned industrial buildings and rotting ships off the coast betray a place whose best days might be behind it. The small town, though, has found itself in the unlikely geopolitical spotlight as President Donald Trump seeks to counter Beijing’s influence over critical infrastructure, with G...
There are plenty of reminders of a bygone era in the Greek port of Elefsina. Cranes dot the skyline, while abandoned industrial buildings and rotting ships off the coast betray a place whose best days might be behind it. The small town, though, has found itself in the unlikely geopolitical spotlight as President Donald Trump seeks to counter Beijing’s influence over critical infrastructure, with Greece in the eye of a dispute between the two powers. Once a sacred site in ancient times, Elefsina has been overshadowed in the modern era by the sprawl of Athens and its larger port of Piraeus, owned and operated by China’s Cosco. The US, which has been widening its footprint in Greece mainly through the energy industry, is eager to transform Elefsina into a cargo hub that its ambassador hopes will dilute Piraeus’s dominance. China, which bought a majority stake in Piraeus in 2016 during Greece’s sovereign debt crisis, isn’t happy. Its embassy said the US was attacking its investment and trying to exploit Greece, blaming Washington for a “Cold War mentality.” Greece is no stranger to being a strategic battleground. Allied forces, for example, intervened after World War II to prevent the country falling to the communists and the US military still has a base on the island of Crete. With Trump actively reshaping the world order — from trade tariffs to last weekend’s capture of Venezuela’s president — Greece finds itself in the eye of the US-China rivalry. “This is part of a broader context of Sino-American competition,” said Constantinos Filis , director of the Institute of Global Affairs at the American College of Greece. The Chinese shipping giant Cosco first won a concession deal in 2009 to operate and develop two terminals at the Piraeus port. Then, during Greece’s sovereign debt crisis in 2016, it agreed to buy 67% of the port authority for €368.5 million ($434 million today), completing five years later once the company fulfilled its investment promises. The Mediterran...
(RTTNews) - European stocks look set to open on a positive note Friday, even as overall gains may remain modest as investors await U.S. nonfarm payrolls data later in the day for direction ahead of the Federal Reserve's policy meeting later this month.
(RTTNews) - European stocks look set to open on a positive note Friday, even as overall gains may remain modest as investors await U.S. nonfarm payrolls data later in the day for direction ahead of the Federal Reserve's policy meeting later this month.
Hi, this is Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here . ECB Bound? When Bulgaria adopted the euro on Jan. 1, the moment was tarnished by persistent political turmoil. The government had just resigned following a wave of popular anger over corruption and cronyism and about half of B...
Hi, this is Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here . ECB Bound? When Bulgaria adopted the euro on Jan. 1, the moment was tarnished by persistent political turmoil. The government had just resigned following a wave of popular anger over corruption and cronyism and about half of Bulgarians were against the currency switch, as our Sofia correspondent Slav Okov reported. But as the country became the euro’s 21st member, it provided another boost to this region’s quest for greater influence over what happens in the currency zone. The east is now mounting its strongest push ever to win a seat among the European Central Bank’s top brass, according to my colleagues Aaron Eglitis and Alexander Weber. Candidates from Estonia , Latvia, Lithuania and Croatia are in the running to succeed Vice President Luis de Guindos. Even if they fail to do so, three other vacancies on the six-member Executive Board are up for grabs by the end of next year. East Europeans believe it’s about time for one of them to get a top job . A third of the currency union’s members now come from the ex-communist states. But making that happen is a different thing all together. Their failure to unite behind a single candidate may backfire against them in the end, along with some past reputational damage after governors from Latvia and Slovakia were convicted of bribery in recent years. The hope is still alive, though. Euro-area finance ministers are due to decide on a successor for Guindos when they meet in Brussels in 10 days. Around the Region Lithuania: Zilch Technology agreed to buy Lithuanian lender AB Fjord Bank, giving the British fintech access to a coveted banking license in Europe. The deal will see Zilch establish a continental headquarters in Vilnius. Bulgaria: Payhawk, a Sofia-based startup that helps companies manage spending, is in early discussions to raise new financing ...
Flutterwave Inc. is betting its purchase of open-banking platform Mono Technologies Nigeria Ltd. will boost earnings and strengthen the case for a potential initial public offering by Africa’s most valuable financial-technology unicorn, its chief executive said. The Lagos- and San Francisco-based payments company this week bought the startup that it’s worked with since 2021 to leverage its infrast...
Flutterwave Inc. is betting its purchase of open-banking platform Mono Technologies Nigeria Ltd. will boost earnings and strengthen the case for a potential initial public offering by Africa’s most valuable financial-technology unicorn, its chief executive said. The Lagos- and San Francisco-based payments company this week bought the startup that it’s worked with since 2021 to leverage its infrastructure, secure access to financial data and enhance identity verification. It didn’t disclose the cost or terms. “Right now, our focus is profitability, resilience and better infrastructure, and that is why we acquired Mono,” Olugbenga Agboola said in an interview. “It makes us a better candidate for everything,” including the planned IPO, he said. Since its founding in 2016, Flutterwave has expanded to about 35 African countries, accepts payments in more than 30 currencies and processes about 500,000 payments daily, according to its website. It has also held various funding rounds, with one in January 2022 that tripled the company’s valuation to $3 billion. Africa’s largest payments startup first announced plans for an offering on New York’s Nasdaq stock exchange in 2022 but delayed them to address issues including high-level staff departures, allegations of financial impropriety and personnel harassment in some of its offices. It later halted the plan entirely, citing the need to first build profitable and sustainable business. The company also denied the accusations of financial misconduct. Africa Unicorn Flutterwave Ties IPO to Startup Turning a Profit 25 African Startups to Watch This Year Africa’s $3 Billion Payment Startup Presses Ahead With IPO Plans Flutterwave previously paid Mono per transaction for account-to-account payments on its platform. The purchase will lower costs, expanding its profit margin on these particular processes to at least 10%, Agboola said. Mono emerged as a significant player in Nigeria’s fintech industry, enabling businesses to securely ac...
Are you someone who likes to get things done sooner than later? If so, and if you're going to be 73 or older at any point in 2026, you may be itching to take your required minimum distribution from your IRA sometime this month. And maybe that's the right call for you. There should be some strategic thinking behind the timing of your decision, though. It could be wiser to wait, even if doing so fee...
Are you someone who likes to get things done sooner than later? If so, and if you're going to be 73 or older at any point in 2026, you may be itching to take your required minimum distribution from your IRA sometime this month. And maybe that's the right call for you. There should be some strategic thinking behind the timing of your decision, though. It could be wiser to wait, even if doing so feels a bit uncomfortable. But first things first. Continue reading