Business & Tech

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Business & Tech

Coverage of business, technology, and finance, from global markets to the latest tech and AI news.

The controls on rare earths have rattled markets and disrupted supply chains

Easing restrictions

China's suspension of rare earth controls applies to EU: official

The euro is up 11 percent against the dollar since the start of the year

Hurting exports

Italy complains about strong euro, urges ECB to cut rates

Meta is loading up on debt to fund its efforts in the breakneck race of AI development

Expensive endeavour

AI giants turn to massive debt to finance tech race

The arrival of the Asian clothing giant has been opposed by French politicians, unions, and fashion brands

Controversial fast-fashion seller

Shein set to open first physical store in Paris

Nvidia founder and CEO Jensen Huang met South Korean President Lee Jae Myung as the US tech giant said it would supply 260,000 of its cutting-edge chips to the country

Nvidia to supply 260,000 cutting-edge chips to South Korea

This month in AI news

$20,000 in-home humanoid robot released, OpenAI's internal financial project, and self-learning AI

Trinidadian fishermen told AFP Venezuelan patrols have been violently repelling their boats, and beatings and extortion have increased

Rising tensions

Caught between Venezuela and US, Trinidad fishermen fear the sea

Amazon Web Services saw revenues jump 20 percent in the third quarter as companies race to build AI capabilities

Sales rose by 13%

Amazon shares surge as AI boom drives cloud growth

Apple chief executive Tim Cook says the company is continuing to invest in imbuing its products and service with artficial intelligence

Powered by new iPhone

Sales of 'services' help Apple beat earnings forecasts

Trump and Xi held talks in South Korea

Closely watching

Stocks mostly fall as investors digest Trump-Xi talks, earnings

Saudi capital Riyadh hosted the Future Investment Initiative conference featuring heads of state and members of the global business elite

Powered by sovereign wealth fund

Saudi chases AI ambitions with homegrown firm pitched to global investors

A rare earths mine in Mount Weld in Western Australia

G7 to launch 'alliance' countering China's critical mineral dominance

A giddy US President Donald Trump has hailed his

Fentanyl, beans, and Ukraine

Fentanyl, beans and Ukraine: takeaways from Trump-Xi's 'great meeting'

BYD's overseas bid appears to be gathering pace

Amid overseas expansion aims

Chinese EV giant BYD says Q3 profit down 33%

The ECB has kept interest rates on hold in recent months

Following year-long series of cuts

ECB holds rates steady with eurozone more resilient

Macau, which has its own legal system largely based on Portuguese law, enacted national security legislation in 2009 and widened its powers in 2023

'Increasing pressure and risks'

Independent Macau media outlet says it will close by December

Shares in Jeep-maker Stellantis fell sharply as it warned of upcoming charges

Double-digit fall Thursday

Shares in Jeep-maker Stellantis slump despite rising sales

The world's biggest economy did not publish third quarter GDP figures as scheduled this week as a government shutdown persisted

Now in 30th Day

No GDP data released as US shutdown bites

Nissan has faced numerous speed bumps in recent years

Economic difficulties

Nissan says expects $1.8 bn operational loss in 2025-26

An artist's impression of a project to build a suspension bridge between Sicily and mainland Italy, made available by Webuild Multimedia Library

'Intolerable intrusion'

Italy court stalls Sicily bridge, triggers PM fury

Novo Nordisk, maker of Ozempic and Wegovy, made an offer valuing Metsera at $6 billion

Danish pharmaceutical giant

Novo Nordisk launches bidding war with Pfizer for obesity drugmaker Metsera

AI firms from industry leader OpenAI to music specialists like Udio and competitor Suno have been accused by major record companies of using their songs to 'train' artificial intelligence models which can produce music that apes human artists

Industry-first tie-up

Universal says struck first licensing deal for AI music

A rare meeting between US President Donald Trump and Chinese leader Xi Jinping temporarily stabilised relations, analysts said, and drew cautious optimism on the streets of Beijing

Temporarily stabilising US-China relations

'Significant' Xi, Trump talks win cautious optimism in China

Launching in 2030

Branson's Virgin moves closer to launching Eurostar rival

Despite political instability over massive debt and deficit, the French economy grew by 0.5 percent in the third quarter

Official data showed

Eurozone growth beats expectations in third quarter

Volkswagen has struggled with the shift to electric vehicles

Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes

Shell's profits had struggled in the first half of the year due to lower oil and gas prices

Sales volumes improved

Shell's net profit jumps despite lower oil prices

Trump hailed his first meeting with Xi in six years as a

'Great success'

Trump, Xi ease fight on tariffs, rare earths

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