Category: Billion

TSMC to build a $12 billion advanced semiconductor plant in Arizona with U.S. government support
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TSMC to build a $12 billion advanced semiconductor plant in Arizona with U.S. government support

Taiwan Semiconductor Manufacturing Co., the world’s largest contract semiconductor foundry, said today that it plans to build an advanced chip foundry in Arizona with support from the state and the United States federal government. The announcement follows a Wall Street Journal report earlier this week that White House officials were in talks with TSMC and…

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Disney Gets $20 Billion Handout From Investors Confused About Disney+
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Disney Gets $20 Billion Handout From Investors Confused About Disney+

Investors added more than $20 billion to Disney’s market cap on news that its streaming service surpassed 50 million subscribers. That’s not nearly enough to offset the revenue losses its parks segment will suffer as a result of coronavirus. It’s unclear whether the bulk of those subscribers will quit once lockdowns have lifted. This week…

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WHO to Launch $1 Billion Funding Appeal from International Governments
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WHO to Launch $1 Billion Funding Appeal from International Governments

The World Health Organisation (WHO) announced Thursday it is ready to launch an appeal for more than $US1 billion to underwrite operations against the Chinese coronavirus pandemic. WHO Director-General Tedros Adhanom Ghebreyesus believes the pandemic needs a whole-of government and society response, and to that end is seeking a new funding lifeline outside its existing…

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2.7 Billion Workers Impacted By Coronavirus, But That’s Just the Tip of the Iceberg
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2.7 Billion Workers Impacted By Coronavirus, But That’s Just the Tip of the Iceberg

A new study from the International Labor Organization reveals the staggering rate of global unemployment. Over 2.7 billion workers are currently unable to work due to the coronavirus crisis. Projected workforce losses are expected to far exceed the 2008-09 financial crisis. According to a new study from the UN’s International Labor Organization (ILO), 2.7 billion…

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Airlines Face Loss of $30 Billion in Revenues in Wake of Coronavirus
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Airlines Face Loss of $30 Billion in Revenues in Wake of Coronavirus

The spread of the coronavirus from its epicenter in central China to infections identified around the world is having a severe impact on airlines as consumers cancel or delay travel plans. Industry experts say airlines worldwide could lose as much as $30 billion in revenues this year, with Chinese carriers facing the brunt of the…

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Jeff Bezos’ $10 Billion Donation Isn’t Enough to Undo Amazon’s Environmental Damage
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Jeff Bezos’ $10 Billion Donation Isn’t Enough to Undo Amazon’s Environmental Damage

Jeff Bezos’ climate change outfit will receive $10 billion to start with. Amazon is a bigger polluter than Norway, Denmark, Ireland and Switzerland. Its too soon for Amazon employees to claim victory though. In the past 12 months they have pushed for the tech giant’s climate change inaction to end. Amazon (NASDAQ:AMZN) CEO’s announcement that…

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