Author: ALJAZEERA

Published On 29 May 202629 May 2026The administration of United States President Donald Trump wants to increase the percentage of regionally produced content in North American-built vehicles to qualify for preferential treatment under the US-Mexico-Canada Agreement (USMCA) on trade to 82 percent, with 50 percent of that value produced in the US.The new proposal, which was first reported by the Reuters news agency, citing four unnamed sources familiar with the matter, emerged amid negotiations to revise the USMCA in Mexico City. Canada was not present at the negotiations.Recommended Stories list of 4 itemsend of listThe shift, if accepted, would be…

Chipmaker becomes second South Korean company in history to hit milestone.Published On 29 May 202629 May 2026South Korea’s SK Hynix has entered the exclusive ranks of companies worth at least $1 trillion, propelled by explosive demand for semiconductors used in AI.SK Hynix, the world’s second-largest memory chipmaker, hit the milestone this week as investors rushed to capitalise on record-shattering revenues generated by the AI boom.Recommended Stories list of 4 itemsend of listThe feat comes after SK Hynix’s two main rivals – US-based Micron and fellow South Korean tech giant Samsung Electronics – hit the milestone this month on the back…

Michele Spagnuolo allegedly used insider information to profit from bets on people on Google’s most-searched list.Published On 28 May 202628 May 2026A Google software engineer has been charged with fraud by US authorities after allegedly using insider information to win more than $1.2m in bets on the prediction market platform Polymarket.Michele Spagnuolo, an Italian citizen residing in Switzerland, is accused of using confidential information to wager on the results of Google’s annual most-searched list, according to a criminal complaint unsealed on Wednesday.Recommended Stories list of 3 itemsend of listUS prosecutors accuse Spagnuolo of using an account named “AlphaRaccoon” to make…

Taipei, Taiwan – For Li, an engineer at Taiwanese computer giant ASUS, the AI boom sweeping Taiwan has made it an exciting time to work in tech.Taiwan is a semiconductor powerhouse, producing about 90 percent of the most advanced chips used to power leading AI models such as ChatGPT and Claude.Recommended Stories list of 4 itemsend of list“I’ve felt Taiwan’s tech and computer industry becoming more vibrant,” Li, who asked not to be identified by his real name, told Al Jazeera, pointing to events such as the upcoming Computex tech and AI expo running from June 2 to 6.Still, Li…

Rodrigo Paz says the salary cut for him and cabinet ministers shows the government’s ‘commitment to the country’.Published On 25 May 202625 May 2026Bolivian President Rodrigo Paz says he will cut his salary and those of his cabinet ministers in half amid a growing political crisis marked by protests and roadblocks demanding his resignation.Speaking at an event in Sucre, the country’s constitutional capital, on Monday, Paz said the pay cuts demonstrated the government’s “commitment to the country”.Recommended Stories list of 4 itemsend of listThe cuts come as Bolivia enters its fourth week of political and social unrest. Protests have caused…

Tech billionaire Elon Musk’s SpaceX is preparing to list its shares on the US-based Nasdaq in what will be the most hotly anticipated initial public offering (IPO) in years.Here’s everything you need to know about the deal:Recommended Stories list of 4 itemsend of listWhat is SpaceX?Founded in 2002 by Musk, now the world’s richest man, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles.Since 2006, the company has partnered with NASA to deliver cargo and crew to the International Space Station (ISS).The Texas-based company has also launched rockets, satellites and spacecraft for various private companies.As…

Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.Published On 22 May 202622 May 2026Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, succeeding Jerome Powell, who has held the position since 2018.Warsh took the oath of office on Friday, following a contentious nomination period, with the Senate voting along party lines on both his confirmation to the Board of Governors and as chairman. Only Pennsylvania Senator John Fetterman broke with his Democratic colleagues to advance his nomination.Recommended Stories list…

Santa Cruz, Bolivia – A spiralling political conflict is threatening social stability in Bolivia.Just six months after the new administration took office, President Rodrigo Paz is facing a wave of demonstrations, highway blockades and growing calls for his resignation.Recommended Stories list of 4 itemsend of listThe unrest began a little more than a month ago with the convergence of several sector-based demands. Some organisations were calling for wage increases, others complained about contaminated fuel that had damaged thousands of vehicles, while additional groups protested against a law authorising changes to land classifications, which, its critics said, favoured land concentration among big…

Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.Published On 21 May 202621 May 2026South Korea’s stock market has rallied following a last-minute deal to avert a strike that had threatened to disrupt the global supply of memory chips.Samsung Electronics and its union on Wednesday night announced a tentative agreement to settle a months-long standoff over pay, avoiding a planned 18-day walkout by some 48,000 employees.Recommended Stories list of 4 itemsend of listMarket sentiment around artificial intelligence (AI) also got a boost from US chip giant Nvidia’s announcement of a record $58.3bn profit in the last quarter.South Korea’s benchmark…

Published On 20 May 202620 May 2026SpaceX has taken off the wraps off its IPO filing, opening the books of the company that has already revolutionised rocket technology, with even larger ambitions to colonise Mars and build AI data centres in space.A successful sale could value the company at a record-setting $1.75 trillion, which would put its founder on track to become the first trillionaire in history, validating years of defying accepted logic through the development of rockets that can land and be flown again.Recommended Stories list of 4 itemsend of listThe listing, unveiled on Wednesday, could set the stage for…