Author: i2wtc

China wants to dominate global semiconductor manufacturing, but its ambitions are being thwarted by the harsh reality of low domestic production rates. According to a graph in the Nikkei report, China’s domestic semiconductor manufacturing tool makers produce 20% of the tools used in the country’s semiconductor manufacturing, but the production rate for the crucial lithography tools is currently just 1%. This means that the East Asian nation needs to invest more in domestic semiconductor manufacturing tool companies to be self-sufficient in meeting its semiconductor manufacturing demand.”The people on the ground (semiconductor manufacturing companies and equipment manufacturers) are at a loss,…

Ariba ShahidISLAMABAD (Reuters) – Pakistan’s plans to raise taxes and raise state revenues in its 2024-25 budget will help it win International Monetary Fund approval for loans to avert a new economic collapse but could also stoke public anger, former finance officials, experts and businesspeople said.The South Asian country has set a tax collection target of 13 trillion rupees ($47 billion) for the year starting July 1, up nearly 40 percent from the current fiscal year, and will sharply reduce its fiscal deficit to 5.9 percent of GDP from 7.4 percent this fiscal year.Pakistan needed to reduce its budget deficit…

Bari, Italy — Pope Francis is in his 80s and says he can’t use computers, but one afternoon in February 2019, a diplomat from a major American tech company walked into the papal palace seeking guidance on the ethics of artificial intelligence, a developing technology.The pope and Microsoft president Brad Smith discussed the rapid development of technology, Smith told The Washington Post in an interview. The pope seemed to understand the risks of technology. As Smith left, the pope offered a warning. “Don’t forget your humanity,” he urged, holding Smith’s wrist.Five years on, AI has become inescapable—as the pope himself…

But others are also worth noting Too While Ledecky is the most notable, other top swimmers are also worthy of attention. Next month, several swimmers will be aiming for their third Olympic Games, including four-time Olympic medalist Abby Weitzer. On the men’s side, former 100-meter backstroke world record holder Ryan Murphy will also be aiming for his third Olympic Games. Murphy won three gold medals at the 2016 Rio Olympics and has won one gold, one silver and one bronze medal at the 2020 Tokyo Olympics.Veteran swimmer Nick Fink will once again be looking to win an Olympic medal. The…

good morning.As a summer intern Toronto StarCovering the 1988 G7 summit was a shocking experience: adults jostled and elbowed each other to catch a glimpse of Ronald Reagan or Margaret Thatcher, barricades kept out protesters, and Italy’s prime ministers changed hands so quickly that souvenir makers left a blank space for Ciriaco de Mita. Neither of his two predecessors lasted a year (De Mita served 15 months). Priorities then included trade, debt, monetary policy, and emergency measures for the environment. This week’s G7 summit in Italy, hosted by Prime Minister Giorgia Meloni with fascist roots and packed with attendees who…

Down icon An icon in the shape of a downward angle. The Light Phone 3 is expected to start shipping in January 2025. Light Wright launched its new “dumb” mobile phone on Tuesday.The new Light Phone 3 is designed for those who want a distraction-free device.This version has a camera and video calling capabilities and costs the same as an iPhone. Designed to help you ditch your smartphone, the phone is becoming more smartphone-like.Lite, which makes stripped-down devices sometimes called “dumb” phones, launched the LitePhone 3 on Tuesday.The LitePhone 2, released in 2018, could make calls and send texts. It…

The ruling ANC is leaning on former foes to give President Cyril Ramaphosa a second term and extend his three decades in power.South Africa’s newly elected parliament has convened to choose the next president, with the country in a tense political situation since last month’s election. Lawmakers are expected to re-elect President Cyril Ramaphosa and form an unprecedented coalition government when they convene on Friday, after his ruling African National Congress (ANC) hastily hammered out a coalition deal after the May 29 vote. President Ramaphosa (71) is seeking a second term, but his ANC has lost the majority (40% of…

Get your free copy of Editor’s DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.G7 leaders are seeking to toughen their stance against Chinese economic policies, which they say contribute to global trade imbalances, but also believe Chinese support for Russia’s defence industrial complex poses a “long-term threat” to European security.The United States has long urged its European G7 partners — France, Germany, Italy and the EU — to move closer to a tougher stance on China, arguing that China’s role in propping up President Vladimir Putin’s regime’s war against Ukraine means it has chosen to side…

Subscribe to HELLO! Fashion for style tips, cultural insights, must-have items, and moreBy entering your details you agree to HELLO! Magazine User. Data Protection PolicyYou can unsubscribe at any time. For more information, Please click here. From Balenciaga to Baroque, there’s no denying that short hair is king in 2024, but right now, it’s the Bixies (aka Bob Pixies) that are taking center stage. When it comes to summer hairstyles, we want maximum impact with minimum effort, so we think this face-framing style will be a staple for us… What is a “Bixie” cut?As the name suggests, it combines the…

GUANGZHOU, China — Prominent Chinese #MeToo activist Huang Xueqin was convicted of subversion and sentenced to five years in prison by a southern Chinese court on Friday, according to a group campaigning for her release and a copy of the sentence.Huang, a 35-year-old independent journalist, plans to appeal the sentence, his supporters said. Huang’s co-trial partner, labor activist Wang Jianbing, 40, was sentenced to three years and six months in prison. It was not immediately clear whether he would appeal.A spokesman for a group campaigning to free Huang Xueqin and Wang Jianbing, who asked not to be named due to…