British Lawmaker's Husband Arrested On Suspicion Of Spying For China

South Korea Plans Investment Fund From Chip Tax Revenue At a time when chip and memory companies are disproportionately receiving the benefits of hundreds of billions in capex, and a growing number of politicians are consider ways to socialize these outsized gains, Yonhap News reported that South Korea plans to create an investment fund using tax revenue from its burgeoning semiconductor industry to finance long-term economic growth. In a senior-level meeting of the government and the ruling party, presidential chief of staff Kang Hoon-sik said the additional revenue from the country’s...

A $1,000 Playstation 6? Sony Won't Sell "At Significant Losses" Anymore The PlayStation 6 is shaping up to launch during one of the most challenging periods in recent consumer electronics history. Soaring prices for key components - particularly RAM and high-speed SSDs - have pushed the estimated component cost for the next-generation console close to $1,000, according to recent analysis. Combined with Sony’s latest comments to investors, this suggests that a significantly higher launch price than many had hoped for is no longer out of the question. In a recent investor...

"It's Getting Worse": HSBC Warns Commodities Face Squeeze As Chokepoint Chaos Spreads The key takeaway heading into the weekend is that maritime chokepoint chaos has spread from the Strait of Hormuz to the Bab el-Mandeb Strait, while fighting across the Black Sea has intensified between Russia and Ukraine. The widening disruptions have prompted several institutional desks this week to warn that a potential squeeze on physical commodity markets could send prices from energy to agricultural goods higher. "The Middle East conflict has escalated, putting a substantial squeeze back into commodity markets,"...