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2025-01-08

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nice88 bet sign up philippines How to save money on new car models this holidayITV Emmerdale's Kelvin Fletcher upholds 'special family tradition' in 'rare moment' on ITV show

Young women are more likely to be off work sick than because they are looking after children, after a dramatic reversal of long-established patterns. A surge in ill health also means that young men are almost twice as likely to be off sick as a decade ago, with three quarters of those off saying they have no interest in working. The rise in mental health problems has been cited as a key reason for growing youth sickness, which comes while the birth rate has been falling, particularly among the young. Official figures released before Christmas showed that economic inactivity — referring to people who are not working or looking for a job — remains at near record levels of 9.3 million people. Political attention hasSaquon Barkley on pace to set Eagles rushing record against Panthers, eyes Dickerson's NFL record

Recycle holiday leftovers to benefit fish, wildlifeBoth Taiwan Semiconductor Manufacturing ( TSM -0.70% ) and ASML ( ASML -0.32% ) play critical roles in the semiconductor industry. Taiwan Semiconductor, or TSMC for short, is the world's leading semiconductor contract manufacturer. Given the cost to build manufacturing facilities (called fabs or foundries), the high capacity utilization needed for foundries to run profitably, and the technological expertise needed, most semiconductor companies prefer to just design chips and hire a third party to manufacture them. This is where TSMC fits in. ASML, meanwhile, makes the equipment that companies like TSMC use to manufacture semiconductors. While it has competitors, it is considered to have a near monopoly on extreme ultraviolet ( EUV) lithography, which are highly complex machines used to create advanced chips. This year, TSMC's stock has been the clear winner, up more than 90% as of this writing. ASML's stock, meanwhile, has fallen about 5% in 2024. Let's look at which stock could be set to outperform in 2025. Both stocks are riding the chip boom TSMC has been a big beneficiary of the overall proliferation of chips as well as the artificial intelligence (AI) infrastructure boom. The company's technological expertise has vaulted it to the forefront of advanced chip manufacturing. As such, the biggest chipmakers in the world, including Apple , Nvidia , and Broadcom , rely on it to manufacture their most advanced chips. Surprisingly, the AI chip boom has not helped all chip manufacturers, as TSMC's biggest rivals, Intel and Samsung , have struggled. This has allowed the company not only to gain share, but also to exert strong pricing power. In turn, this led to a strong gross margin for TSMC. TSMC saw strong growth this year, including seeing its third-quarter revenue jump 36% year over year to $23.5 billion. Meanwhile, its gross margin improved by 460 basis points sequentially to 57.8%, which helped lead to a 50% year-over-year increase in its earnings per American depositary receipt (ADR). 2025 is also setting up to be another good year for the company. According to Morgan Stanley , the company is set to nicely increase prices in 2025. Meanwhile, given the demand for AI and other chips, TSMC has been expanding to try to help companies like Nvidia keep up with demand. It also just announced its new fab in Japan had started mass chip production. TSMC's expansion should presumably help ASML, as it is one of its big three customers along with Samsung and Intel for its newer technology. But the company has called 2024 a transition year as it moves to its next-generation high-NA EUV technology. This transition appears to have slowed some orders. TSMC, meanwhile, has also balked at the high price of the new ASML machines (prices range from $350 million to $380 million per machine), but it is now expected to receive a machine by year-end. However, it has said it doesn't need the technology for producing current high-end chips, and it looks like it won't use the machines for mass production until at least 2030. Intel has been the company most receptive to ASML's new technology, being the first to get a new high-NA EUV technology machine, but its foundry business has struggled. Revenue fell for the segment last quarter, while losses have been mounting. The company is now in a bit of disarray following the retirement of its CEO in early December and reports it is looking to spin off its foundry business. As one of its big three customers, ASML could be affected. Nearly half of ASML's revenue in 2024, meanwhile, has come from China. This is despite the fact that the company is prohibited from selling its newer chipmaking technology to the country. This is a big shift from recent years, as China was just 9% of its revenue in the fourth quarter of 2022. This could be the result of Chinese companies rushing to get equipment on fears that export bans could expand to even older technology. While all this has led to some uncertainty surrounding ASML, the company is still basically a monopoly for high-end semiconductor equipment, and as chip production continues to grow, it should eventually benefit. Valuation and verdict From a valuation standpoint, TSMC is the cheaper stock trading at a forward price-to-earnings (P/E) ratio of around 22, while ASML's forward P/E currently sits at 29. TSMC has also been growing its revenue more quickly, up 36% last quarter versus 12% growth for ASML. TSM PE Ratio (Forward 1y) data by YCharts While TSMC is the cheaper stock growing more quickly, I wouldn't count ASML out. The semiconductor equipment business can be a bit lumpy, but this is a company with a virtual monopoly on high-end chipmaking machines in a market that is seeing continued increasing demand for advanced AI chips. Over the long term, it is set to be a winner. That said, for next year, TSMC edges it out as my pick. Fortunately, investors don't have to pick one or the other and can feel comfortable buying both for 2025.Doha Forum: A global platform for dialogue, policy-making

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Ibotta chief people officer Marisa Daspit sells $342,602 in stockStock market today: Wall Street slips as the 'Magnificent 7' weighs down the market

Protesters at a candlelight vigil to condemn President Yoon Suk Yeol's surprise declaration of the failed martial law and to call for his resignation in Seoul, on Dec 5. Members of Korean Confederation of Trade Unions and civic groups during a demonstration in Seoul on Dec 4. A South Korea flag flies above a sign that reads "The prosecution's dictatorship" as protesters take part in a rally at the National Assembly in Seoul on Dec 5. Republic of Korea Marine Corps veterans shave their heads during a demonstration calling for the dismissal and impeachment of President Yoon Suk Yeol, in Seoul on Dec 5. SEOUL - South Korean President Yoon Suk Yeol looks set to hang on to office – at least for now – despite a disastrous stab at establishing martial law in the country, with his ruling People Power Party (PPP) rallying around him against the opposition’s efforts to impeach him. That means that the motion to charge him with “violating the Constitution and the law”, to be held on Dec 7, may not get its required majority in the legislature to be passed. Still, a legal guillotine – albeit politically motivated – continues to loom over Mr Yoon’s head, with the police now investigating him for treason over his botched attempt that plunged the nation into chaos for six hours on the night of Dec 3. Mr Yoon has not been seen in public since the early hours of Dec 4, when he repealed the martial law decree, although he had been expected to make a national address on Dec 5 to apologise for the debacle. A presidential official said that Mr Yoon would not be making any public statements for that day, without offering reasons. At any rate, the anticipated apology – while it would have mollified some – was not expected to significantly change the trajectory of his destiny. The police complaints were filed by an opposition party and a group of activists on Dec 5 against Mr Yoon, former defence minister Kim Yong-hyun, who is said to have masterminded the martial law move, and the Army Chief of Staff, General Park An-su, who was briefly military commander during the ill-fated self-coup. The trio are being accused of treason and other related charges for their roles in the short-lived martial rule on Dec 3. If found guilty, Mr Yoon and the others accused of treason may be sentenced to life in prison, or even death, reported local media. Mr Kim had resigned earlier on Dec 5 over his role in the midnight bungle, and has been slapped with a travel ban while investigations are ongoing. It is not clear how long the investigations will take. In the political arena, Mr Yoon’s fate is similarly unclear, though analysts say they believe he could well survive. South Korea’s main opposition leader Lee Jae-myung said it might be difficult to garner enough support from the ruling party to impeach President Yoon Suk Yeol this week over his declaration of martial law. PHOTO: BLOOMBERG While the opposition has made it clear that it is out for Mr Yoon’s blood, his ruling PPP – despite being blindsided by Mr Yoon’s martial law move – is now rallying around the beleaguered President. PPP chief Han Dong-hoon, who was among the 18 ruling party lawmakers who had rushed to Parliament on Dec 3 to vote for the repeal of martial law, had been quick to denounce Mr Yoon’s action as “unconstitutional”, while calling for those responsible to be held accountable. But a day later, as he chaired his party’s meeting, Mr Han softened his stance, vowing to unite his party in blocking the impeachment motion, to “prevent harm from unprepared chaos to the public and PPP supporters”. Head of the ruling People Power Party Han Dong-hoon (centre) vowed to unite his party in blocking the impeachment motion. PHOTO: EPA-EFE The impeachment motion requires a two-thirds majority to pass the 300-member Parliament. This means that the opposition bloc, with 192 seats, will need at least eight PPP lawmakers to defect and back their Bill for Mr Yoon to be impeached. Adamant about pushing the motion through, the dominant opposition Democratic Party (DP) has urged ruling party lawmakers to “act according to one’s conscience, not political interests”. The six-party opposition coalition is also rallying citizens to join it for a massive protest in central Seoul on Dec 7, before the lawmakers proceed to the National Assembly to vote on the motion that evening at 7pm. The chances of the ruling party lawmakers defecting to the opposition are quite slim, even though they might have been bitterly disappointed with Mr Yoon’s actions, said Kyonggi University’s professor of political science and law Hahm Sung-deuk. “The conservatives are really afraid of losing power, in particular to opposition leader Lee Jae-myung. So, for now, they will still back Mr Yoon,” he told The Straits Times. The conservatives can ill afford to have two presidents from their parties impeached in a row. Conservative President Park Geun-hye of the Saenuri Party, who was elected in February 2013, was impeached and ousted in March 2017 on charges related to influence-peddling by her top aide Choi Soon-sil. More than half of the lawmakers from her party had voted in favour of the impeachment then. The liberal DP’s Moon Jae-in won the 2017 presidential election, and the conservatives barely managed to wrestle back power in 2022 when Mr Yoon won the presidential race with a very slim margin against the DP’s Mr Lee. Describing the impeachment of Ms Park as a “tragic memory” for the conservatives, Prof Hahm believed they would do all they could to block Mr Yoon’s impeachment this time round, in order to buy time to plan their next moves. If Mr Yoon resigns or is impeached and ousted, a snap presidential election that must take place within 60 days will likely see Mr Lee victorious. PPP chief Han, who is himself eyeing the next presidential race due in 2027, will not want to bear the cross of being a traitor by agreeing to the impeachment, said Prof Hahm. Mr Han, who was Mr Yoon’s colleague when they were both prosecutors, was briefly appointed as justice minister in 2022 by Mr Yoon before stepping down in December 2023 to lead the PPP in the April 2024 general election. The pair fell out in early 2024 over First Lady Kim Keon Hee’s luxury bag scandal. Mr Han, who met Mr Yoon with other party members on the evening of Dec 4 to discuss the next steps, told reporters after the meeting that he had asked Mr Yoon to leave the party. While leaving the party technically does not affect Mr Yoon’s presidency, it will mean his losing the party’s protection for a second round of impeachment, which the opposition will likely gun for if this one fails. With PPP’s protection not likely lasting beyond the first round of impeachment, the best exit option for Mr Yoon is to resign, said Prof Hahm. But as demonstrated by his drastic move to enforce martial rule in a misguided bid to consolidate power after months of hobbling along in a lame duck presidency, Mr Yoon is unlikely to give up easily. Kyung Hee University’s political science professor Ahn Byong-jin suggested that there could still be a chance for Mr Yoon to change his political fate. If the first impeachment is successful, it needs to be approved by the nine-member council of the Korean Constitutional Court. Pointing out that the council is made up of judges appointed by President Yoon, Prof Ahn thought that the possibility of the court rejecting the impeachment could not be ruled out. Mr Yoon could also possibly play the “fatigue” game, banking on a prolonged deadlocked situation for public anger to subside, before leaving on his own terms. “These ideas may sound unthinkable, but whatever happened that night was already unthinkable, so you have to consider the unthinkable!” Prof Ahn told ST. Other analysts were less optimistic. Dr Bong Young-shik of Yonsei University in Seoul thought that Mr Yoon could not avoid stepping down from power, as the opposition would likely ramp up more pressure by going after his wife. He believed Mr Yoon made the call to declare martial rule in an attempt to block the opposition’s impeachment of the state auditor and three top prosecutors over scandals surrounding the First Lady. “The impeachment process will likely unearth dirty, ugly stories that Mr Yoon is trying to block,” said Dr Bong. The motion to impeach the officials was passed by the opposition-led National Assembly on Dec 5. To Dr Lee Seong-Hyon, senior fellow at the US-based George H.W. Bush Foundation for US-China Relations, the game is likely over for Mr Yoon. He said: “Mr Yoon’s approval ratings were already languishing at around 20 per cent before the martial law debacle, and they are bound to sink further. “Governing effectively will be impossible, given his shattered credibility at home and abroad.” Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now

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