Latest news with #USExpansion
Yahoo
10-07-2025
- Business
- Yahoo
TSMC (TSM) Named Top Pick by Morgan Stanley on Strong U.S. Expansion Incentives
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the . On July 3, Morgan Stanley analysts referred to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as their Top Pick and reaffirmed their Overweight rating on the company's shares. According to Morgan Stanley, TSMC's intentions for US expansion were bolstered by recently enhanced tax incentives that may lessen the long-term financial burden of its chip fabrication facilities in Arizona. Morgan Stanley stated that tax incentives for semiconductor companies expanding their capacity in the United States could increase from 25% to 35% under the most recent 'big beautiful bill' that was approved by the Senate on July 1. According to the analysts, the updated credit structure 'should lessen TSMC's profit burden for its US capacity expansion' and 'reaffirms the policy encouragement' for semiconductor manufacture in the country. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese company that offers semiconductor manufacturing services. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Gulf Business
04-07-2025
- Business
- Gulf Business
Etihad launches flight to Atlanta, US; other route announcements
Image: Etihad Airways Etihad Airways has touched down in Atlanta for the first time, expanding its US footprint and connecting the cultural and commercial heart of the US Southeast with Abu Dhabi and beyond. The launch marks another milestone in Etihad's North American expansion. Etihad's first flight from Abu Dhabi's Zayed International Airport to Atlanta's Hartsfield-Jackson Atlanta International Airport touched down on July 2, making Atlanta the fifth US gateway in Etihad's global network, joining New York City, Chicago, Washington DC, and Boston. Benefit for US-bound passengers at Zayed international Airport Visitors travelling from Abu Dhabi benefit from the convenience of the US Customs and Border Protection (CBP) Preclearance facility at Zayed International Airport – the only one of its kind in the region. This allows passengers to clear US immigration and customs before departure, arriving in the US as domestic travellers and saving valuable time on arrival. Etihad's latest route reflects growing demand The newly launched route meets the growing Antonoaldo Neves, CEO at 'With US preclearance at Zayed International Airport, guests can enjoy the convenience of arriving in Atlanta as domestic travellers. We're delighted to bring our award-winning experience to guests travelling to and from Atlanta. New routes in Europe announced The carrier also announced three additional new destinations to further expand its global network. The airline will add seasonal flights to Kazan, Russia from December this year; as well as Krakow, Poland; and Salalah, Oman in the summer of 2026. These new routes offer guests more opportunities to discover unique cities across Europe, the Middle East, and Central Asia.
Khaleej Times
03-07-2025
- Business
- Khaleej Times
UAE: Etihad Airways celebrates first flight to Atlanta
Etihad Airways has touched down in Atlanta for the first time, expanding its US footprint and connecting the cultural and commercial heart of the US Southeast with Abu Dhabi and beyond. The launch marks another milestone in Etihad's North American expansion. Etihad's first flight from Abu Dhabi's Zayed International Airport to Atlanta's Hartsfield-Jackson Atlanta International Airport touched down on July 2, making Atlanta the fifth US gateway in Etihad's global network, joining New York City, Chicago, Washington DC, and Boston. Guests travelling from Abu Dhabi benefit from the convenience of the United States Customs and Border Protection (CBP) Preclearance facility at Zayed International Airport — the only one of its kind in the region. This allows passengers to clear US immigration and customs before departure, arriving in the United States as domestic travellers and saving valuable time on arrival. The newly launched route meets the growing appetite for travel between the UAE and the US, catering to business travellers, vacationers, and those visiting friends and family. The Atlanta route launched with four flights per week, but record-high load factors and remarkable early bookings have prompted Etihad to fast-track expansion, with daily flights set to commence from November 2025. Demand from both leisure and corporate segments has exceeded expectations, firmly validating Atlanta's position as a key market for Etihad. Antonoaldo Neves, Chief Executive Officer at Etihad Airways, said, 'Atlanta is a dynamic city with deep cultural, economic and aviation significance. This new service enhances access to the southeastern United States while offering seamless connections across the Middle East, Indian Subcontinent, and Asia. 'With US Preclearance at Zayed International Airport, guests can enjoy the convenience of arriving in Atlanta as domestic travellers. We're delighted to bring our award-winning experience to guests travelling to and from Atlanta.
Yahoo
01-07-2025
- Business
- Yahoo
Arctic Blue Beverages appoints new CEO amid US expansion
Arctic Blue Beverages has appointed CFO Petri Hirvonen as its new CEO. Hirvonen takes over from Valtteri Eroma, who stepped down yesterday (30 June), the Finland-based company said. Announcing the change, Arctic Blue Beverages said the move is part of its 'tightening scope and US market entry plans'. Last week, the company signed a letter of intent to form a joint venture with US investors led by former NHL star Teemu Selänne to introduce the ready-to-drink Arctic Blue Long Drink brand in the US, starting in California. Eroma joined Arctic Blue Beverages in 2020, three years after the company was founded. In a LinkedIn post, he said he had decided to step down "after five intense, rewarding and unforgettable years as CEO". Eroma said: "It's been a true privilege to build something from the ground up: a Nordic spirits brand that grew from an idea into a listed company on Nasdaq First North, with a portfolio of truly unique, award-winning products and customers around the world." He added: "I look forward to following Arctic Blue Beverages' continued success with pride. I have also expressed my willingness to support the company in future projects, such as the planned US expansion, if needed.' Antti Villanen, chairman of the board at Arctic Blue Beverages, said Eroma had led the company 'during an important growth phase'. Villanen added Hirvonen's 'deep understanding of the company's financial and strategic landscape makes him well-equipped to lead Arctic Blue Beverages into its next chapter'. Hirvonen joined Arctic Blue Beverages in 2022 from MM Board & Paper, where he spent nearly 12 years. He is also the deputy chair of the Kymen Seudun Osuuskauppa board, a regional cooperative in Finland. Arctic Blue Beverages has also announced the departure of COO Kimmo Wager. 'Valtteri has laid an excellent foundation and I look forward to leadingthe company into its next phase of growth. With these changes, we are adopting a leaner cost structure and sharpening our focus on commercialisation and international expansion,' Hirvonen said. The US venture will be co-owned and governed by the investor group and Arctic Blue Beverages. The investor group will contribute between $2m and $2.5m to support the brand's market entry and initial growth phase, with the definitive agreements for the venture expected to be finalised by the end of August. Commercial operations are anticipated to start between the fourth quarter of this year and the first quarter of 2026. The company's portfolio includes Arctic Blue Laku, Arctic Blue gin and Arctic Blue Oat, which is claimed to be the world's first dairy-free gin-based oat liqueur. Arctic Blue Beverages also markets its products in Finland and internationally, including in Sweden, Japan, and Australia. "Arctic Blue Beverages appoints new CEO amid US expansion " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Neobank Starling seeks expansion in US
Starling Bank, a UK-based digital banking entity, is vying for the acquisition of a nationally chartered bank as part of US expansion, Bloomberg reported. The publication further noted that the London-headquartered neobank aims to engage US banking specialists this summer to commence the acquisition process. It is focused on identifying potential targets along the East Coast that have roughly $2bn in assets. Details of the acquisition talks remain confidential, and the spokesperson for Starling Bank did not comment on the matter. This initiative follows Starling Bank's step into the US market earlier this year, when it announced the availability of its banking technology stateside and registered a subsidiary in Delaware. It aims to identify a bank whose digital capabilities are ripe for enhancement through the integration of Starling's contemporary banking technology platform, the report said. Starling Bank's move to expand internationally comes after a leadership transition, with Raman Bhatia assuming the role of CEO in the past year, taking over from founder Anne Boden. The bank has also faced regulatory scrutiny, having been fined £29m for shortcomings in its management of high-risk customers. Recently, Starling Bank introduced 'Spending Intelligence', a new AI-powered chatbot, within its mobile app. The chatbot, powered by Gemini, Google's Large Language Model, provides users with insights into their spending habits. It operates on the Google Cloud Platform, which hosts Starling's technological infrastructure. "Neobank Starling seeks expansion in US " was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
