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Micron's Taoyuan union in Taiwan secures authorisation to strike

Micron's Taoyuan union in Taiwan secures authorisation to strike

By Wen-Yee Lee TAIPEI, Oct 7 (Reuters) - A Taiwanese union representing workers at Micron Technology said on Wednesday it had secured authorisation from its members to strike work over a dispute concerning the company's bonus scheme, escalating a labour conflict at the chipmaker's largest
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Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

By Rozanna Latiff KUALA LUMPUR, Oct 7 (Reuters) - Malaysia is likely to deliver a moderately expansionary budget for 2027 on Friday as it looks to boost support for households ahead of a general election that could be called at any time, analysts and economists said. 
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AMD plans to substantially increase supply in 2027, CEO says

AMD plans to substantially increase supply in 2027, CEO says

By Wen-Yee Lee TAIPEI, Oct 6 (Reuters) - AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.
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World shares advance as oil falls, bond yields retreat

World shares advance as oil falls, bond yields retreat

By Medha Singh and Stella Qiu Oct 6 (Reuters) - World stocks scaled two-week highs on Tuesday as easing oil prices and bond yields helped steady sentiment, while investors looked ahead to an earnings season expected to be powered by continued AI-driven growth.
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Samsung's Q3 profit seen jumping nine-fold, but chip margins may be flat

Samsung's Q3 profit seen jumping nine-fold, but chip margins may be flat

By Hyunjoo Jin SEOUL, Oct 7 (Reuters) - Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8% since the end of August.
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European shares, euro fall as energy shock, fiscal worries bite

European shares, euro fall as energy shock, fiscal worries bite

By Stefano Rebaudo and Scott Murdoch Oct 7 (Reuters) - European stocks and the euro dropped on Wednesday as oil prices rose above $100 amid renewed Middle East tensions while fiscal concerns continued to weigh on sentiment.
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Foxconn third-quarter revenue soars on AI demand, beats market forecast

Foxconn third-quarter revenue soars on AI demand, beats market forecast

TAIPEI, Oct 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, reported on Monday a 47% jump in third-quarter revenue year-on-year that beat market estimates, fuelled by strong AI-related demand.
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S&P 500 up, Nasdaq at record high as megacap tech stocks rise

S&P 500 up, Nasdaq at record high as megacap tech stocks rise

By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 5 (Reuters) - The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs.
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World Bank raises Africa's 2026 growth forecast, urges AI investments

World Bank raises Africa's 2026 growth forecast, urges AI investments

By Duncan Miriri NAIROBI, Oct 6 (Reuters) - The World Bank has raised Africa's 2026 economic growth forecast to 4.3%, citing stronger performance across the region, and urged governments to embrace artificial intelligence to boost productivity and create jobs.
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North Korea criticises US support for Taiwan, pledges backing for Russia

North Korea criticises US support for Taiwan, pledges backing for Russia

By Joyce Lee SEOUL, Oct 7 (Reuters) - North Korea criticised the United States over its arms sales and military support for Taiwan, accusing Washington of fuelling tensions in the Taiwan Strait, state media KCNA said on Wednesday.
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Tennis-Alcaraz battles past Munar to reach up Japan Open final

Tennis-Alcaraz battles past Munar to reach up Japan Open final

Oct 5 (Reuters) - Defending champion Carlos Alcaraz overcame early wobbles on his serve to outclass fellow Spaniard Jaume Munar 5-7 6-3 6-1 and reach the Japan Open final on Monday, taking a step towards his first singles title after his comeback from a wrist injury.
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Taiwan says it has not heard new US arms sales will be carved into smaller chunks

Taiwan says it has not heard new US arms sales will be carved into smaller chunks

TAIPEI, Oct 6 (Reuters) - Taiwan Defence Minister Wellington Koo said on Tuesday he had not heard that the US was planning on carving up a potential $14 billion arms sale into smaller chunks, but added that Washington's commitments to Taipei's defences had not changed.