Munich: The Germany-based company Infineon, a leading chipmaker, has signed an agreement to acquire the automotive ethernet unit of its rival Marvell Technology for pound 2.5 billion ($2.7 billion) to strengthen its activities in the automotive sector…
Washington: President Donald Trump’s tariffs are fueling recession concerns in the US while the Fed’s rate cut expectations are on the rise amid uncertainties. Trump’s reciprocal tariffs, announced April 2, are expected to go into effect this week, gi…
Ankara: Asian stocks bounced back on Tuesday after posting a record drop, with Japan leading the recovery amid optimism about being prioritized in US trade negotiations. Japan’s Nikkei 225 index rallied by 6.01% to close at 33,008.50 points after US P…