Intel shares jump as Softbank to buy $2bn stake in chip giant
Intel shares jumped after Japanese investor SoftBank announced a $2bn stake, paying $23 per share, BBC reported.
Reports suggest the Trump administration may also take a roughly 10 percent stake to support a new Ohio manufacturing hub.
The investments highlight efforts to strengthen US chip production, reduce dependence on Asia, and secure the supply chain.
According to BBC, analysts see SoftBank’s move as confidence in Intel’s turnaround, while experts caution about increased government involvement in private firms.
US State Department revokes 6,000 student visas
The US State Department has canceled over 6,000 international student visas, mostly for legal violations such as assault, DUI, burglary, and alleged support for terrorism. About 4,000 were revoked for breaking the law, with 200–300 linked to terrorism under US law, according to BBC.
Part of the Trump administration’s immigration crackdown, the move follows tighter visa screening, including social media checks. Secretary of State Marco Rubio said revocations will continue for students deemed disruptive, while Democrats criticized the policy as undermining due process. The US hosts over 1.1m international students, BBC reported.
Air Canada CEO says ‘amazed’ striking workers are disregarding work order
Canada’s Industrial Relations Board (CIRB) has declared Air Canada’s strike by 10,000 cabin crew members illegal after workers ignored a Sunday return-to-work order. The crew is striking over wages, citing inflation and lack of pay for ground duties like boarding assistance, Al Jazeera reported.
Mark Hancock, president of the Canadian Union of Public Employees (CUPE), the union representing the crew, said he is willing to face jail or fines rather than end the strike. Air Canada CEO Michael Rousseau said the union’s demands exceed the airline’s 40 percent offer.
Prime Minister Mark Carney urged a resolution to reduce travel disruption. Air Canada has suspended its profit forecasts, while the union continues to call for negotiations toward a “fair deal”, according to Al Jazeera.
North Korea's Kim calls for rapid nuclear buildup
Kim Jong Un has called for a rapid expansion of North Korea’s nuclear arsenal, condemning US-South Korea military exercises as hostile and war-provoking, Reuters reported.
The Ulchi Freedom Shield drills, which began this week, are described by Washington and Seoul as defensive, but Pyongyang sees them as invasion rehearsals. Kim said the involvement of a “nuclear element” highlights the need for stronger deterrence.
Experts estimate North Korea has material for up to 90 warheads, though around 50 are believed operational. Pyongyang also plans to add a third Choe Hyon-class destroyer by 2026 and is testing new cruise and anti-air missiles, according to Reuters.
