Micron Braces for Massive Plunge in Demand by Slowing Production

(Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, is slashing production to cope with a steep plunge in demand, the latest sign of how the semiconductor industry’s boom times have quickly turned into a crisis. Most Read from Bloomberg After forecasting quarterly sales that were nearly $2 billion below Wall Street … Read more

Massive currency market intervention may not impact monetary policy independence: Report

Massive interventions by the Reserve Bank of India (RBI) to contain the value of the rupee may not impact the independence of monetary policy, though it can have an impact on the money supply in the system, a study by the central bank said. Forex market interventions during surges in capital flows to contain the … Read more

Australia Plans to Toughen Privacy Rules After Massive Cyber Attack on Optus

Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks, Prime Minister Anthony Albanese said on Monday, after hackers targeted the country’s second-largest telecoms firm. Optus, owned by Singapore Telecoms Ltd., said last week that home addresses, drivers’ licenses and passport numbers of up to 10 million … Read more

Russia’s Massive 100 Million-Ton Wheat Crop Piles Up at Home

(Bloomberg) — Russia’s wheat harvest could reach a historic 100 million tons, according to consultant SovEcon, with the commodity piling up at home as the nation struggles to export large volumes. Most Read from Bloomberg Farmers across the country are finishing up the bountiful harvest after good growing conditions throughout the summer. The huge supply … Read more

Portion of road caves in, massive traffic snarls as rains pound Delhi

A portion of a road caved in as incessant spell of light to moderate rain drenched Delhi for the second consecutive day on Thursday leading to waterlogging and uprooting of trees that caused massive traffic snarls in many parts of the capital. The weather department has issued a ‘yellow’ alert for Friday, … Read more

Montenegro Wrestles With Massive Cyberattack, Russia Blamed

At the government headquarters in NATO-member Montenegro, the computers are unplugged, the internet is switched off and the state’s main websites are down. The blackout comes amid a massive cyberattack against the small Balkan state which officials say bears the hallmark of pro-Russian hackers and its security services. The coordinated attack that started around Aug. … Read more

Scientists who detected massive Pemex methane leak say ‘no way’ they made a mistake

Breadcrumb Trail Links PMN Business Author of the article: Reuters Stefanie Eschenbacher Publishing date: Sep 13, 2022  •  18 minutes ago  •  2 minute read  •  Join the conversation Article content MEXICO CITY — Scientists who detected a massive methane leak at an offshore platform run by Mexico’s Pemex said Tuesday there was “no way” they … Read more

Massive eviction drive underway to clear encroached land in Assam

The Assam government on Saturday carried out a massive eviction drive in the state’s Sonitpur to clear encroachment from 1,000 bighas of land. The eviction at Chitalmari Char area under Barchalla assembly constituency came after the demolition of three madrassas in the state. The eviction drive is underway since morning in … Read more

Massive demolition drive conducted in south Delhi this year, says MCD

The Municipal Corporation of Delhi on Friday said it had conducted a “massive demolition drive” against unauthorise constructions in its south zone this year. The civic body, in a statement said, it will “intensify the demolition drive”. The south zone has conducted a “massive demolition and sealing action drive” in different … Read more

Dallas-Area Flooding Kills at Least One After Massive Downpour

A massive rainstorm in North Texas drenched parts of the Dallas-Fort Worth area with more than a foot of water, swamping roadways, triggering flash flood warnings and killing at least one person in what experts call a once-in-200-years event. A 60-year-old woman died after flood waters fed by torrential rainfall swept away her car, Dallas … Read more