Japan chip earnings roundup: AI a double-edged sword

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• Bangladesh garment factories disrupted as protests continue for third day

  Tens of thousands of apparel employees across major industrial hubs like Savar and Gazipur have halted operations to demand a more than twofold increase in their minimum monthly pay to offset rapid inflation. The labor unrest strikes at the heart of the country's critical $38 billion export economy, which is already under pressure from cooling global demand and regional geopolitical fallout. Authorities have countered the crowds with tear gas and sound grenades while establishing an emergency wage board to avert d…

  2 min read
• IDBI issues customer advisory for two-day strike

  Bank personnel initiated the industrial action to protest a proposed sale of a combined 60% stake by the government and LIC to Fairfax Financial Holdings. In anticipation of service disruptions, management directed account holders toward electronic channels and waived fees on outside cash machines. Labor representatives have escalated the conflict by lodging formal complaints over alleged administrative threats aimed at deterring participation.

  4 min read
• Thales unit wins $53.9 mln U.S. Navy mine-hunting contract

  A unit of Thales has been awarded a $53.9 million contract by the U.S. The agreement tasks the defense company with mine-hunting operations for the military branch.

  1 min read