Author: Justin M. Larson

Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.I-hwa Cheng | AFP | Getty ImagesFoxconn, the world’s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.Here’s how Foxconn did in the September quarter compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: $2.06 trillion New Taiwan dollars ($66.29 billion) vs. NT$2.06 trillion expectedNet profit: NT$57.67 billion vs. NT$50.41 billionFoxconn, formally known as Hon Hai Precision Industry, is best known as the world’s largest manufacturer of Apple’s…

Gan Kim Yong, Singapore’s deputy prime minister, during a panel session, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025.  Stefan Wermuth | Bloomberg | Getty ImagesDespite rising trade tensions, Singapore still wants to push ahead with a “multilateral, rules-based trading system,” and sees further cooperation between ASEAN and the European Union.This was according to Deputy Prime Minister Gan Kim Yong, who spoke at the Singapore Fintech Festival on Wednesday.Gan, who is also Singapore’s minister for trade and industry, said in a fireside chat with DBS CEO Tan Su Shan that “if we are able to…

new video loaded: What It Takes to Move a Factory From China to VietnamTariffs have forced Chinese companies to move their operations to Vietnam. Alexandra Stevenson, our Shanghai bureau chief, visits a factory in Ho Chi Minh City to see how one of the biggest challenges isn’t relocating machinery and tools, but overcoming language barriers.By Alexandra Stevenson, Tung Ngo, Nailah Morgan, Linh Pham, Jon Miller and June KimNovember 12, 2025 Source link

Blue Whale Capital’s Stephen Yiu is positioning for further upside in gold despite the recent price pullback, and has named the world’s largest gold miner Newmont as a key portfolio pick. Yiu, chief investment officer of the Blue Whale Growth Fund, on Tuesday acknowledged that the firm could be “a bit late to the party” on gold. But he added that lingering macroeconomic concerns — namely around the U.S. fiscal deficit , as well as the dollar potentially losing its global reserve currency status — could further fuel the precious metal’s momentum into next year. “We do think that, as…

A trade truce between the United States and China has calmed nerves, but it won’t stop the broader movement of companies to countries like Vietnam. Source link

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchLast Friday brought investors in Rightmove a new and unwelcome experience — a violent stock price correction.Shares of the U.K.’s biggest property portal, which hit a record in late July, fell by 28% at one point before finishing 12.5% lower, clipping nearly £634 million ($833.4 million) from Rightmove’s stock market valuation.The sell-off followed a trading update in which the former stock market darling, which accounts for more than 70% of all consumer time spent on U.K. property portals, pledged to hike spending on…

A section of the tall bridge in mountainous Sichuan Province fell, apparently after a landslide. No casualties were reported. Source link

The shake-up in China’s armed forces comes as both Beijing and Washington are pushing through major changes in their country’s militaries, in different ways. Source link

Key PointsLuckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S.The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue.Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and is now expanding in the U.S.Luckin Coffee is preparing to relist its shares in the U.S., its co-founder and CEO, Jinyi Guo, said at an entrepreneurs’ gathering earlier this month, five years after a $300 million accounting scandal derailed the coffee chain’s business. Speaking at a government-hosted event…

Groups tackling AI-generated child sexual abuse material could be given more powers to protect children online under a proposed new law.Organisations like the Internet Watch Foundation (IWF), as well as AI developers themselves, will be able to test the ability of AI models to create such content without breaking the law. That would mean they could tackle the problem at the source, rather than having to wait for illegal content to appear before they deal with it, according to Kerry Smith, chief executive of the IWF.The IWF deals with child abuse images online, removing hundreds of thousands every year.Ms Smith…

Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, Oct. 30, 2025. (Photo by Huang Jingwen/Xinhua via Getty Images)Huang Jingwen | Xinhua News Agency | Getty Images Even as a U.S.–China trade truce appears to be holding, analysts caution that the détente remains fragile in a rivalry increasingly defined by strategic competition.A flurry of decisions, outlined in the sweeping trade deal struck by U.S. President Donald Trump with Chinese leader Xi Jinping last month, took effect on Monday, with rollbacks of steep tariffs and export controls.The U.S. halved fentanyl-linked tariffs on imports from China to…

Ron Dermer, a longtime ally of Prime Minister Benjamin Netanyahu and an influential figure in the Israeli government throughout the war in Gaza, resigned as minister of strategic affairs. Source link

Senator Jeanne Shaheen, Democrat of New Hampshire, said the African country has a long history of corruption. The amount paid is far more than recent annual assistance given to it. Source link

Dozens of masked Israelis attacked an industrial zone, torching vehicles and wounding Palestinians, according to Palestinian officials. Source link

A possible Democratic contender for the White House says he’s at the COP summit with an “open hand not a closed fist” – as he vowed not to let China dominate the green space.California Governor Gavin Newsom has for months been teasing a bid for the next presidential election in 2028. Sky News asked him at COP30 in Brazil if he was using it to drum up support for his campaign.”I’m here in the absence of leadership from Donald Trump, who’s abdicated responsibility on a critical issue,” he said. Image: California Governor Gavin Newsom at the UN Climate Change Conference…

Thick fog has enabled Russian troops to move further into the key strategic city of Pokrovsk in eastern Ukraine. Ukraine’s 7th Airborne Assault Corps says weather conditions, particularly dense fog, have prompted Moscow to intensify its bid to get increasing numbers into the ruined city and then encircle Ukrainian forces.Russian forces have spent more than a year trying to capture the city, and Ukrainian President Voloydymyr Zelensky says the fog has favoured Russian attacks and the situation remains difficult.A video that has gone viral on social media shows Russian soldiers openly driving through a hazy road on civilian cars and…

A US naval strike force centred around the world’s largest warship, the USS Gerald R Ford, has arrived in the Caribbean, the US Navy has confirmed. The arrival of the strike group, which was ordered to the region by President Donald Trump last month, comes amid ongoing strikes against alleged drug boats and tensions with Venezuela. The US has so far carried out at least 19 strikes against boats in the Caribbean and the eastern Pacific, killing at least 76 people. Venezuelan President Nicolas Maduro and other Venezuelan officials have accused the US of “fabricating” a crisis and seeking to…

A Turkish military cargo plane carrying at least 20 people has crashed near the Azerbaijan-Georgia border, Turkey’s defence ministry has said. Officials have not confirmed the number of casualties, but Turkish President Recep Tayyip Erdogan earlier offered his condolences to “our martyrs”.Search and rescue efforts have begun at the scene. The number on board included flight crew, officials said.The defence ministry said the C-130 cargo plane had been travelling from Azerbaijan to Turkey. Images from the scene show emergency services on site and what appears to be wreckage from the plane. According to BBC Turkish, Georgia’s aviation authority said the…

Prosecutors accused Ekrem Imamoglu, the mayor of Istanbul, of leading a criminal organization. The opposition called the case politically motivated. Source link

The Damascus museum theft set off an official investigation in what may be one of Syria’s largest losses of antiquities in recent years. Source link

Most of those people died “as a result of lack of medical care, unsanitary cells, insufficient food, and limited access to drinking water,” according to the latest UN human rights report about the situation in the Caribbean island nation.Haiti is facing a dire humanitarian, political and security crisis due to gang violence, compounded by deep-rooted poverty and a series of devastating natural disasters, including most recently Hurricane Melissa.The country’s justice system has struggled to function effectively amidst these crises. Cases are not being tried quickly enough and 82 per cent of prisoners are being held in detention while they await…

NEWYou can now listen to Fox News articles! As the nation honors veterans for their service, the Department of Veterans Affairs is reminding the community to stay alert to a growing threat, the VA overpayment scam.Reports show that fraudsters are contacting veterans through text, email and phone calls, pretending to be VA employees. They claim you were overpaid on your benefits and must send money or banking details to correct the issue.These criminals often make their messages look official with VA logos, formal wording and even fake caller IDs. Once they gain your trust, they push for quick payment, hoping…

Seizing Panama’s leader was relatively easy. But the similarities between Panama and Venezuela are dangerously misleading, some analysts warn. Source link

Butternut squash and pumpkin are both types of winter squash that are sweet and nutritious. But if you’re looking for more fiber and vitamin A, butternut squash is the clear winner One cup of cooked butternut squash provides 6.6 grams of fiber, which is more than double the amount found in an equal serving of cooked pumpkin, at about 2.7 grams per cup. Adults should aim to take in at least 28 grams of fiber per day to support health and prevent issues like constipation.  In addition to encouraging regular bowel movements and fueling the growth of beneficial bacteria in…