ECONOMY

Taiwan Semiconductor Manufacturing Company will more than triple its investment in the US state of Arizona to $40bn, as the world’s largest contract chipmaker steps up diversification of its production facilities on geopolitical…

The world’s poorest countries face three years of soaring debt service costs, draining vital resources from spending on health, education and social assistance and leaving dozens of countries with unsustainable debts, the World…

UK consumers are tightening their belts in the run-up to the festive period, according to new data that showed retail sales growth lagging far behind inflation in November and pointed to the impact of the cost of living crisis.…

This article is an on-site version of our Trade Secrets newsletter. Sign up here to get the newsletter sent straight to your inbox every MondayWelcome to Trade Secrets. As far as I can tell, the big Macron-Biden love-in last week…

President Xi Jinping will this week pay his first visit to Saudi Arabia in six years as part of efforts to boost China’s relations with the Gulf region, five months after the US warned Beijing that it would not cede the Middle…

Opec and its allies vowed on Sunday to stand ready to take “immediate” action to stabilise global oil markets a day ahead of the start of sweeping new western restrictions on Russia’s oil exports.Opec+, which is led by Saudi…

This is a very special time for those who believe that if you’ve been good all year, a benevolent snowy-haired man will appear laden with gifts. He’s writing a list, he’s checking it twice (subject to data protection…

US president Joe Biden’s offer to fix provisions in his flagship climate package to help US allies is a “breakthrough” that will help mollify European anger over potential damage to its own green technology companies, said French…

US stocks gained for the second straight week after the Federal Reserve chair signalled the central bank would slow down its monetary tightening.The benchmark S&P 500 index rose 1.1 per cent in the week, despite slipping 0.1…

The US economy added more jobs than expected in November in a sign that demand for new workers remains strong despite the Federal Reserve’s efforts to cool the economy.Non-farm payrolls rose by 263,000 last month, compared with an…