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TSMC Q3 PROFIT EXPECTED TO SOAR 28% ON AI SPENDING BOOM
TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is expected to post a 28% jump in third-quarter profit to a record due to the insatiable demand for AI infrastructure, though U.S. tariffs could impact its outlook. Taiwan Semiconductor Manufacturing Co, the world's No. 1 contract chipmaker and a key supplier to Nvidia and Apple, is forecast to report a net profit of T$415.4 billion ($13.55 billion) for the three months through September 30, ac
Oct 131 min read


GERMANY WILL ACQUIRE ARMOURED VEHICLES WORTH ALMOST $7 BILLION
The German government will order 424 new wheeled armoured vehicles for almost 7 billion euros ($8.11 billion). The lower house of parliament's budget committee is set to approve the arms deal for the country's army in the next few days. The largest part of the Bundeswehr deal is a framework agreement with the defence group General Dynamics for the development and procurement of 274 scout vehicles worth around 3.5 billion euros, with the first deliveries planned for 2028. Lea
Oct 131 min read


COPPER'S RALLY NEEDS CHINA IMPETUS TO REACH RECORD
Copper prices touched $11,000 per metric ton on October 9, a milestone seen on only two other trading days in the history of the London Metal Exchange - and one that has analysts questioning whether the metal can scale a new peak. Used in power and construction, copper had moved within touching distance of its all-time high of $11,104.50, set in May 2024, before losing ground on Friday after U.S. President Donald Trump threatened to impose higher tariffs on China. Learn Mor
Oct 131 min read
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