top of page

Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Technology

26 Jan 2022

Toshiba Resumes Partial Chip Production at Quake-Affected Plant in Southern Japan

The Index Today

On Wednesday, Toshiba Corp announced that it has resumed moderate production at its Oita plant in Southern Japan which had been shut down after a considerable earthquake struck the area over the weekend.

According to Toshiba Electronic Devices & Storage Corp, of the two manufacturing lines in their Oita factory, production has already resumed in one, although there are no reports of when the other line will restart its operations.

This plant is responsible for the manufacture of system LSI chips of which about 60% are supplied to car and industrial machinery manufacturers.

©Photo: businesswire

Clay pottery with table linens

bottom of page