Taiwanese chipmaker TSMC will invest another $100bn in Arizona as it expands its production in the US, a move the Commerce Department said will create tens of thousands of American jobs.   TSMC makes the most advanced chips designed by companies such as Nvidia and Apple, and the news is a boost for President Donald […]

China has hit out at the nationalisation of British Steel, saying it “firmly opposes and is strongly dissatisfied with the British government’s decision”.   On Thursday, the UK government said that taking the loss-making firm into public hands would protect jobs and safeguard a “vital national capability”.   The UK took control of British Steel’s […]

The chief executive of the German car giant Volkswagen Group has confirmed it is looking to cut up to 100,000 jobs, twice as many as previously stated.   The group, which includes Porsche, Audi, Seat and Skoda as well as the VW brand, had previously said it would axe some 50,000 posts in Germany by […]