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A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Co on Thursday reported a 77.4% jump in second-quarter profit year on year, shattering estimates as the world’s largest contract-chipmaker continues to set consecutive record-breaking milestones. Here are TSMC’s second-quarter results against LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: 1.27 trillion new Taiwan dollars ($39.45 billion ) vs. NT$1.264 trillion expectedNet income: NT$706.56 billion vs. NT$632.64 billion expected The Taiwanese tech giant’s net…

Applied Computing, a London-based startup that’s building a foundation AI model for the oil, gas, and petrochemical industry, has raised a $20 million Series A led by engineering giant KBR, with Databricks Ventures participating. Founded in 2023, the startup targets oil, gas, refining, and petrochemical systems, where a single facility can have thousands of sensors measuring everything from temperature and pressure to velocity and viscosity. While there’s a huge market for helping energy companies solve the data-tracking problem, the fragmentation presents a significant hurdle. Facilities consequently make operating decisions using less than 8% of the data available to them, says…

Super Falcons defender Shukurat Oladipo has committed her long-term future to Italian giants AS Roma after signing a contract extension that will keep her at the club until 30 June 2029. The Giallorossi confirmed the agreement in an official statement, rewarding the Nigerian centre-back for an impressive debut spell in the Italian capital. “AS Roma are delighted to announce that Shukurat Oladipo has extended her contract with the club until 30 June 2029,” the statement read. Oladipo joined Roma in February 2025 and has quickly established herself as an integral member of the squad, making 32 appearances across all competitions…

England head coach Thomas Tuchel retains the backing of the Football Association and is expected to lead the team into Euro 2028.A 2-1 defeat by Argentina on Wednesday meant England’s men missed out on a first World Cup final appearance since 1966.Tuchel was criticised for his substitutions as England squandered a 1-0 lead late on, but says he intends to stay – a decision which has the full backing of FA chief executive Mark Bullingham.”We keep on going with the contract until the home Euros,” said Tuchel.”I’m looking forward to that even though right now it’s difficult to look that…

Grammy-nominated Nigerian singer Davido has revealed that he spends as much as N400 million every month on his personal expenses while in Nigeria, excluding costs related to his wife, household, luxury cars and jewelery. The Afrobeats star made the disclosure during a live conversation on Davrel Twitch on Tuesday, where he compared his spending habits in Nigeria with those in the United States. According to Davido, his expenses are considerably lower when he is in America because he lives with only his wife and children. “I actually spend less in Yankee because I live with just me, my wife and…

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• Says it’s vulnerable without constitutionally guaranteed funding  •Warns business interests, cabals, criminals could hijack it if poorly funded  •Funding must be clearly spelt out before kick off, declares Speaker Abbas Adedayo Akinwale and Sunday Aborisade in Abuja Leader of the Senate, Senator Opeyemi Bamidele, yesterday, said funding of the proposed state police services should be established as a first-line charge in the 1999 Constitution, stressing that it is the only way to protect it from possible interference by state governors. Bamidele insisted that financial autonomy was key to prevention of political interference and protection of the integrity of the…

Volodymyr Zelenskyy has dismissed Ukraine’s popular defence minister, despite pleas from foreign partners and civil society for him to keep his job, as part of wide-ranging government reshuffle.In a post on Telegram Mykhailo Fedorov announced that he was leaving his position, saying it had been a “great honour” to serve the Ukrainian people. He was widely credited with transforming the defence ministry and reducing corruption.His six months in office coincided with a dramatic improvement in Ukraine’s position on the battlefield. Kyiv has repeatedly hit Russian oil refineries with long-range drones, embarrassing Vladimir Putin and creating nationwide fuel shortages.In his farewell…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.As the US and Iran continue to trade blows, the oil market has finally woken up to the risk that energy flows might not resume as hoped. European gas prices, meanwhile, are at their highest level since March having risen by almost 30 per cent in the last month. Every day that the strait remains part-closed raises the chance that Europe will face giant heating bills this winter. To understand why, take a step back and look at how the market survived the…

Jurassic Park, while beloved as a film, has been the subject of snarky memes for the infamous line in which one of the characters declares, “This is a Unix system, I know this!” while using a computer with an unusual 3D file manager interface. Despite the memes, the film’s production team was meticulous in accurately sourcing the right PCs (and adjacent details) for the sets—not too much of a surprise, given writer Michael Crichton’s background with computing and his obsessive attention to detail in the book the film is based on. This was made clear by a little hobbyist investigation…