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The Economic Times

$600 billion wiped out in a month, cracks exposed in SK Hynix chips

SK Hynix Memory

A nearly $600 billion rout in just a little over a month has flipped SK Hynix. from one of the world's hottest artificial intelligence trades to one of the biggest portfolio question marks.

Shares of the South Korean memory chipmaker have plunged 47% from their all-time high in June on concerns about overcrowding and a surge in leverage-induced volatility. Its loss in market value over that span rivals that of even SpaceX.

The stock tumbled almost 15% Tuesday after The Information reported on Chinese progress with deep ultraviolet (DUV) lithography machines, fueling concerns over a potential flood of new capacity amid broader worries over the AI rally.

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Erling Haaland Image Found on Cocaine Bricks in Ecuador: Why Was the Footballer's Face Used?

Erling Haaland Image Found on Cocaine Bricks in Ecuador: Why Was the Footballer's Face Used?

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International Business Times UK

Taxpayers Could Pay for ICE's Electric Shock Gloves That Deliver Painful Jolts: $20M Budget Proposed

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The Times of India

Hong Kong student arrested over B12.5m scam deceived by same swindlers

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Hong Kong police have arrested a 19-year-old university student accused of swindling more than HK$3 million (12.5 million baht) from a man after apparently being hoodwinked by scammers herself.

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D-Day for Farage and Count Binface in UK poll

D-Day for Farage and Count Binface in UK poll

LONDON - Voters in eastern England head to the polls on Thursday for a by-election triggered by hard-right Reform UK leader Nigel Farage, but amid a boycott by mainstream parties his main rival is a joke candidate called Count Binface.

Venezuela talks end with agreement on judicial reform and frozen funds

Venezuela talks end with agreement on judicial reform and frozen funds

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Erling Haaland Image Found on Cocaine Bricks in Ecuador: Why Was the Footballer's Face Used?

Erling Haaland Image Found on Cocaine Bricks in Ecuador: Why Was the Footballer's Face Used?

Police seized 469kg of cocaine near Ecuador's Colombian border, but the footballer has no connection to the shipment.

International Business Times UK

Taxpayers Could Pay for ICE's Electric Shock Gloves That Deliver Painful Jolts: $20M Budget Proposed

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US Immigration and Customs Enforcement plans to spend up to $20M on electric shock gloves, sparking criticism from civil rights groups over their necessity and potential misuse.

International Business Times UK

Taiwan says government agencies targeted in AI-assisted cyberattack from overseas

Taiwan says government agencies targeted in AI-assisted cyberattack from overseas

Taiwan’s government agencies were targeted in an overseas cyberattack last month, with hackers using both conventional methods and AI agents to probe systems and sensitive data. The ministry of digital affairs said the affected agencies had successfully “handled” the incident.

The Times of India

Hong Kong student arrested over B12.5m scam deceived by same swindlers

Hong Kong student arrested over B12.5m scam deceived by same swindlers

Hong Kong police have arrested a 19-year-old university student accused of swindling more than HK$3 million (12.5 million baht) from a man after apparently being hoodwinked by scammers herself.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

D-Day for Farage and Count Binface in UK poll

D-Day for Farage and Count Binface in UK poll

LONDON - Voters in eastern England head to the polls on Thursday for a by-election triggered by hard-right Reform UK leader Nigel Farage, but amid a boycott by mainstream parties his main rival is a joke candidate called Count Binface.

Venezuela talks end with agreement on judicial reform and frozen funds

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Venezuela's interim government and opposition ended their first round of talks on Wednesday with agreements to reform the Supreme Tribunal of Justice and seek access to the country's frozen reserves at the Bank of England, in order to finance recovery from June's devastating earthquakes.

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The Independent UK

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