Tesla requires suppliers to avoid China-made parts for US cars: Report
Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday (Nov 14).The Elon Musk-led automaker and its suppliers have already replaced some China-made components and aim to switch all other ...
US jury says Apple must pay Masimo US$634 million in smartwatch patent case
A FEDERAL jury in California said on Friday(Nov 14) that Apple owes medical-monitoring technology company Masimo US$634 million for infringing a patent...
US jury says Apple must pay Masimo $634 million in smartwatch patent case
A federal jury in California said on Friday that Apple owes medical-monitoring technology company Masimo $634 million for infringing a patent covering blood-oxygen reading technology.The jury agreed with Masimo that the Apple Watch's workout mode and heart rate notification features violated M ...
Latest AI app swaps influencers for avatars – and brands want in
Topview is one of a few up-and-coming platforms focused on AI-generated videos
Apple intensifies succession planning for CEO Tim Cook, FT reports
Apple is stepping up its succession planning efforts as it prepares for Tim Cook to step down as chief executive of the tech giant as soon as next year, the Financial Times reported on Friday.John Ternus, Apple's senior vice president of hardware engineering, is widely seen as Cook's most ...
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further trimming its holdings in...
Indonesia’s rupiah reform: Will it make my Bali holiday more expensive?
Therese Soh - Redenomination can improve the country’s economic efficiency and enhance confidence in the currency but risks driving inflation
Warburg, Permira in talks to buy Clearwater Analytics, source says
Global private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday. Boise, Idaho-based Clearwater makes software that helps companies manage their investment portfolios. A ...
The reasons for ‘unrational’ negative enterprise value stocks in exchanges
Tong Kooi Ong + Asia Analytica - Capital markets are generally efficient, and investors as a whole are not stupid — that is, there is wisdom of the crowd. This is particularly so in today’s digital age where access to low-latency data has substantially levelled the playing field. Gone are the days where investing was driven by ...
Musk's Grokipedia leans on 'questionable' sources, study says
ELON Musk’s Grokipedia carries thousands of citations to “questionable” and “problematic” sources, US researchers said Friday (Nov 14), raising doubts about the...
Google ad tech antitrust trial closing arguments moved back
WASHINGTON :A final plea by Alphabet's Google to avoid a breakup of its advertising technology business in a U.S. court has been moved to November 21, the court said.Closing arguments for the Google trial were previously scheduled for Wednesday, according to a notice from U.S. District Court Ju ...
Google plans US$40 billion Texas data center investment amid AI boom
ALPHABET’S Google said on Friday (Nov 14) it would invest US$40 billion in three new data centers in Texas, as part of...
US: Wall Street ends mixed; traders look to Nvidia report
WALL Street stocks ended mixed on Friday (Nov 14) as investors looked ahead to Nvidia’s quarterly results next week and worried that...
Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack
[HOUSTON] Oil prices settled more than 2 per cent higher on Friday (Nov 14) as Russia’s port of Novorossiisk halted oil exports...
Commentary: AI bubble trouble talk is overblown
For the foreseeable future, the market is facing a shortage of capacity – hardly the conditions that spell imminent disaster, says Richard Waters for Financial Times.
Europe: Shares fall as US rate cut expectations wane; UK fiscal worries resurface
EUROPEAN shares fell on Friday (Nov 14), as hawkish commentary from US policymakers dampened expectations of an imminent interest rate cut, even...
Berkshire reveals new $4.3 billion Alphabet stake, sells more Apple
Berkshire Hathaway revealed a $4.3 billion stake in Google parent Alphabet and further reduced its stake in Apple, detailing its equity portfolio for the last time before Warren Buffett ends his 60-year run as chief executive officer.In a filing on Friday with the U.S. Securities and Exchange Commis ...
Google to invest $40 billion in new data centers in Texas, Bloomberg News reports
Alphabet's Google will invest $40 billion in three new data centers in Texas through 2027, Bloomberg News reported on Friday.
Google plans $40 billion Texas data center investment amid AI boom
Alphabet's Google said on Friday it would invest $40 billion in three new data centers in Texas, as part of its push to expand capacity for artificial intelligence initiatives.The planned investment, which will be made through 2027, underscores the intensifying competition among AI and cloud se ...
Exclusive-Barrick Mining considers splitting into two entities, sources say
TORONTO -The board of Canada's Barrick Mining has raised the possibility of splitting the company into two separate entities, with one focused on North America and the other centered on Africa and Asia, four sources aware of the development told Reuters.A split could also include the outright s ...
Tiger Global slashes Meta stake by 63%
NEW YORK :Tiger Global Management, the hedge fund founded and led by Chase Coleman, slashed its stake in Facebook parent Meta Platforms during the third quarter, according to a filing released on Friday.During the quarter ended September 30, Tiger Global reduced its holdings in Meta by 62.6 per cen ...
Oracle bonds sell off as AI investment fuels investor concerns
Oracle Corp bonds have taken a hit in recent days following a report that the cloud and artificial intelligence service provider plans to add another $38 billion to its heavy debt load to fund its AI infrastructure, according to analysts and investors.Oracle did not immediately respond to a request ...
US trade tribunal to consider new Apple Watch import ban
The U.S. International Trade Commission decided on Friday to hold a new proceeding to determine whether imports of Apple's updated Apple Watches should be banned as part of a patent dispute with medical monitoring technology company Masimo. The ITC said in an order that it would investigate wh ...
France found Wish, Temu, AliExpress, eBay, Joom sold illicit products, Le Parisien reports
PARIS :French consumer watchdog found that beside Chinese fast-fashion retailer Shein five other online platforms used to sell illicit products in the country, French Commerce Minister Serge Papin told newspaper Le Parisien, in an interview released on Friday. The platforms were Wish, Temu, AliExpre ...
France finds Wish, Temu, AliExpress, eBay, Joom, Amazon broke rules on illicit products
PARIS :A French consumer watchdog found that besides Chinese fast-fashion retailer Shein, five other online platforms sold illicit products in France, a spokesperson for Commerce Minister Serge Papin said on Friday.The watchdog, called DGCCRF, said AliExpress and Joom were selling child-like sex dol ...
JPMorgan secures deals with fintech aggregators over fees to access data, CNBC reports
JPMorgan Chase has secured deals that will ensure it receives payments from fintech companies for access to its customer bank account data by third-party apps, CNBC reported on Friday, citing sources familiar with the matter.The agreements were struck with data aggregators including Plaid, Yodlee, M ...
RNA recovered from Siberian mammoth that died 39,000 years ago
WASHINGTON :Scientists have recovered the oldest-known RNA, a molecule necessary for most biological functions, from a woolly mammoth that inhabited Siberia about 39,000 years ago, showing it can last longer than previously known and promising a new path for studying organisms that lived long ago.Th ...
Dollar rises against euro amid Fed rate cut speculation
NEW YORK :The dollar gained on the euro and was roughly flat against the yen on Friday as stocks recovered from a sharp selloff and traders weighed whether the Federal Reserve is likely to cut rates in December.A flood of data that was delayed during the federal government shutdown is pending releas ...
Safe-haven Swiss franc gains, pound drops on UK budget shift
NEW YORK :The Swiss franc gained on Friday as a global stock market selloff sent investors to safe havens, while the pound weakened after a report the UK budget will not include income tax rises.Rising expectations that the Federal Reserve will hold rates steady in December instead of continuing to ...
Shein openings across France delayed after shoppers balked at Paris store prices
The opening of five new Shein concession stores across France has been delayed, department store owner Societe des Grands Magasins said on Friday, as it adjusts its strategy after some shoppers found prices at the Paris store too steep.The online fast-fashion retailer's first physical shop open ...
Oil gains almost 2% as Russian port suspends oil exports after Ukrainian attack
[LONDON] Oil prices climbed nearly 2 per cent on Friday (Nov 14), boosted by supply fears after the Black Sea port of...
US: Wall Street tumbles as tech selloff extends, rate cut hopes fade
[NEW YORK] Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary...
UK mobile companies face mass lawsuit for allegedly overcharging customers
LONDON :Britain's biggest mobile network providers including Vodafone and BT's EE are facing a multi-billion-pound lawsuit for allegedly overcharging customers, after a London tribunal ruled on Friday that part of it could continue.The case – which is also brought against Telefonica' ...
Japan’s megabanks lift profit forecasts to record highs, step up buybacks
The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions
