NAMER

Quebec premier: Adding immigrants who do not speak French would be ‘suicidal’

TORONTO, Sept 28 (Reuters) – Quebec Premier Francois Legault, who is favored to win next week’s provincial election, said on Wednesday it would be “suicidal” for the mainly French-speaking province to add immigrants without ensuring they speak French. “We need to stop the decline,” of the French language, Legault, the leader of centre-right coalition Avenir …

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Vietnam tech firm FPT produces country’s first semiconductor chips

HANOI, Sept 28 (Reuters) – FPT Semiconductor, a unit of Vietnam’s leading tech company FPT (FPT.HM), launched its first line of semiconductor chips used in medical devices on Wednesday, part of the company’s efforts to enter the competitive global industry. The company said in a statement it aims to supply 25 million chips globally by …

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US mortgage interest rates jump to 6.52%, highest since mid-2008

Sept 28 (Reuters) – The average interest rate on the most popular US home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are weighing on the interest-rate-sensitive housing sector as Federal Reserve pushes on with aggressively lifting borrowing costs to high …

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Wall Street ends sharply higher as Treasury yields dip

Apple drops on concerns about iPhone demand Treasury prices rebound after BoE decision S&P 500 records largest one-day gain since Aug. 10 Indexes: Dow +1.88%, S&P 500 +1.97%, Nasdaq +2.05% Sept 28 (Reuters) – Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns …

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Singer R. Kelly, already behind bars, ordered to pay victims

NEW YORK, Sept 28 (Reuters) – R. Kelly, the multiplatinum R&B singer convicted twice this year of sex crimes, will be required to pay at least $300,000 in restitution to some of his victims, a federal judge said on Wednesday. The money will compensate two women, known as Jane and Stephanie, for the costs of …

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Amazon.com unveils device that tracks breath while sleeping

Sept 28 (Reuters) – Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people’s sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to …

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Stocks pull off 2020 lows, Bank of England steps in to calm UK bond market

Stocks pare some losses, UK gilts roar higher Bank of England says will step into the bond market Sterling whips higher in volatile trading LONDON, Sept 28 (Reuters) – Global equities pulled off two-year lows on Wednesday, after the Bank of England said it would step into the bond market to stem a damaging rise …

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Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family …

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Saudi NEOM’s tech unit rebrands, invests $1 bln in 2022 -CEO

RIYADH, Sept 27 (Reuters) – NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday. Joseph Bradley said the company is also changing its name to Tonomus as NEOM …

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