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Israel Gives Intel $3.2 Billion Grant for New $25 Billion Chip Plant, Biggest Ever Foreign Investment in Country

Israel Gives Intel $3.2 Billion Grant for New $25 Billion Chip Plant, Biggest Ever Foreign Investment in Country

The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.


Joe Biden Criticizes Media for Negative Coverage of US Economy

President Joe Biden has expressed frustration over the media's portrayal of the US economy. President Joe Biden has expressed frustration over the media's portrayal of the US economy, as he faces mounting backlash from voters over his handling of inflation and a decline in his approval ratings.

Russia Lacks Nearly 5 Million Workers This Year as Ukraine War Drains Its Labor Force: Report

Russia is reportedly grappling with a significant shortage of workers, with a deficit of around 4.8 million employees this year.

Manchester United Sells 25% Ownership to British Petrochemical Billionaire Jim Ratcliffe

Manchester United has confirmed the sale of a 25% stake in the club to British billionaire and INEOS Chief Executive Jim Ratcliffe.


Latest News

Joe Biden Celebrates 'Significant Milestone' in the Battle to Bring Down Inflation
The United States hits a "significant milestone" in the fight to bring down inflation, and President Joe Biden acknowledged this positive development in a statement.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
IMF Says Mexico Is Now the 12th Largest Economy in the World
Mexico has become the 12th largest economy in the world after it moved up two positions from last year, according to the GDP projections of the International Monetary Fund (IMF) for 2023.
China, Russia Boast Bilateral Trade at 'All-Time High' Despite Sanctions From the US and Its Allies
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
UK, Switzerland Ink a Post-Brexit Financial Services Deal
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
US Crypto Exchange Coinbase Gets Regulatory Nod in France
Cryptocurrency exchange Coinbase has successfully secured registration with France's financial markets regulator, paving the way for the US-based company to offer crypto services in the French market.
IRS Launches ‘Voluntary Disclosure Program’ to Let Businesses Pay Back Pandemic-Era Tax Credits Claimed in Error
The Internal Revenue Service (IRS) has launched a "voluntary disclosure program" for businesses that improperly claimed a pandemic-era tax credit and want to return the money.
Nike Plans to Cut $2 Billion in Costs Over the Next 3 Years
Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.
Joe Biden Touts Investments Supporting Minority-Owned Businesses as Latino Vote Slips
President Joe Biden has flaunted his investments in Black- and Latino-owned small businesses as new data reveals that he is losing the Latino vote ahead of the 2024 presidential election.
Russia's Vladimir Putin Orders Seizure of Energy Assets From ‘Unfriendly’ European Countries
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-approved owners.