Beijing to Require EV Export Licenses
In an effort at protecting the image of Chinese brands, EV makers will have to secure permission to export starting next year.
Business
TikTok Grossly Undervalued
A Trump executive order giving national security clearance for the sale of TikTok's US operations to a US consortium sets a price of $14 billion ...
Q2 Growth Revised Upward Amid Current Steep Decline
Sharp upward revision to 3.8% for Q2 growth was due to transitory factors while current projections call for abysmal 1.5% growth in H2 on impact ...
H&M Q3 Profits Surge with Focus on Trendy
Despite fierce competition from Shein and Zara the Swedish fast-fashion house has managed a 40% jump in operating profit with a campaign centered around pop ...
BYD EVs Outsell Tesla in Europe
A threefold jump in year-over-year August sales puts BYD ahead of Tesla in Europe sales for the second straight month.
TSMC Uses AI to Speed Up Design of Energy-Efficient Chips
AI-based chip design has helped TSMC and other chipmakers achieve a ten-fold improvement in the energy-efficiency of new chips.
BYD to Produce EVs Locally to Support Booming Europe Sales
A battery plant in Europe is being considered to support BYD's EV assembly lines in Hungary and Turkey aiming to produce 500,000 cars per year.
Stargate to Build $500 Billion AI Data Centers
Consortium of OpenAI, Oracle and SoftBank announced five new data centers to power AI growth.
Full Force of Tariffs Yet to Hit Says OECD
For now growth is being proppsed up by huge US AI investments, China's state support for the economy and sellers drawing down pre-tariff inventory.
UK Jaguar Land Rover Still Down 4 Weeks After Cyberattack
An early September cyberattack keeps UK assembly lines from producing Jaguar and Land Rover vehicles, with small suppliers struggling to survive.
Chinese Brands Outsell Audi, Renault in Europe
The growing popularity of plug-in hybrids contributed to the success of Chinese EV-makers in claiming the lion's share of Europe's auto sales growth.
Silicon Valley May Offshore to Beat New H-1B Visa Fee
The $100,000 fee Trump has placed on H-1B visas is likely to backfire by reducing the number of Americans hired as Silicon Valley follows hi-tech ...
Nvidia's $100 Bil. Stake in OpenAI Cheers Investors
Nvidia uses its financial scale to lock up a big share of the AI ecosystem for future growth while OpenAI reduces its dependence on Microsoft.
Google Faces Ad Tech Breakup in New Trial
The Justice Department's decade-long crusade to increase competition in digital advertising is finally getting its day in court as trial begins Monday on its antitrust ...
Passengers Become Drivers in Tesla Robotaxis
Musk's wildly optimistic promises contrast sharply with the muddled situation Tesla's confusing robotaxi plans faces with San Francisco regulators.
China's Innovent Threatens Novo, Lilly GLP-1 Drugs
A once-weekly injectable weght-loss drug from Innovent Biologics is cutting into sales of Wegovy and Mounjaro in its home market, with prospects of further gains ...
BYD Captures Three Times Tesla's Spain Market Share
With rapid expansion to 100 dealerships and over 10% market share for EVs in Spain, Chinese EV-maker BYD sees the nation as a base for ...
Nissan Testing Self-Driving Tech by Wayve
Technology from UK startup Wayve will be used by Nissan for a self-driving system it plans to debut in the 2027 model year.
New $100,000 H-1B Visa Fee Disrupts Indian IT Operations
India's IT outsourcing industry says Trump's sudden imposition of an additional $100,000 visa fee for skilled foreign professionals is creating business uncertainty and disruptions across ...
Apple Watch Uses AI to Detect High Blood Pressure
By using AI to analyze data from high-blood-pressure studies to derive algorithms, the new Apple Watch Series 11 models can detect high blood pressure from ...
Nvidia to Invest $500 Million in Wayve Self-Driving Startup
The tie-up would help Nvidia integrate its AI GPUs into a new type of self-driving system that relies more on machine-learning than on maps and ...
Hyundai Heavy Preparing to Buy US Shipyard
HD Hyundai Heavy will join Hanwha Ocean in Korea's commitment to invest $150 billion to help revive US shipbuilding.
Smart Weapons Demand Enriches Small Defense Firms
Makers of drones and unmanned vehicles have gained 34% in value, nearly three times the pace of the overall S&P 500.
DeepSeek's Hit AI Model Cost Much Less to Train than Reported
DeepSeek's market-shaking R1 AI model released in January cost only $294,000 to train and used only 512 Nvidia H800 chips, according to a recent report ...
Nvidia's $5 Billion Investment in Intel Inspires Optimism
By taking a stake in the struggling chipmaker Nvidia is inspiring both confidence in Intel's future and optimism for Nvidia's own future security.
Strong Baht Threatens Thai Tourism, Exports
The Thai currency's surge to a four-year high against the US dollar exerts downward pressure on two of its main economic drivers.
August Housing Starts Near 2-1/2-Year Lows
A glut of unsold new homes has discouraged homebuilders from seeking permits for new construction.
China Blocks Nvidia AI Chip Purchases
China has gone beyond warnings to actually order ByteDance and Alibaba to stop ordering and testing Nvidia's RTX Pro 6000D GPUs.
FedEx Hit Hard by Tariffs on Small Packages
Ending the de minimis exemption for small packages from China and Hong Kong is taking a big bite out of FedEx deliveries and profits.
AI to Transform Global Trade Says WTO Report
By improving logistical efficiency AI is expected to power a big surge in global trade.
Nelson Yang Turns Bananas into Textile
A Taiwanese entrepreneur is working on a farm-to-material concept in which bananas grown for food is also used to extract fibers for clothing.
Panasonic to Debut Hi-Capacity Anode-Free EV Battery
The battery supplier for Tesla EVs is among several companies pursuing a new assembly technique that would increase power capacity by 25% in the coming ...
Meta Launches Ray-Ban Display AR Smart Glasses
Mark Zuckerberg introduced the Meta Ray-Ban Display as a big step toward the goal of delivering personal superintelligence.
Huawei Plans World's Most Powerful Computing Nodes
The Chinese electronics giant will use its Ascend chips to power the Atlas 950 and Atlas 960 computing power nodes scheduled for launch in Q4 ...
Major China AI Data Center Built Without Nividia Chips
A new $390 million data center in Qinghai province uses only AI chipsets from Alibaba and other Chinese companies as part of a push to ...
Figure AI Robotics Startup Valued at $39 Billion
Figure's humanoid robots will be working on the company's assembly lines to build thousands more of its kind.
Meta Debuts AR Smart Glasses with Display
Meta gambles on a pricey $800 product in a bid to get ahead of rivals in the inevitable transition from smartphones to ubiquitous smart glasses ...
Nvidia Debuts RTX6000D to Weak China Demand
An AI GPU designed specifically for the China market is perceived as a poor value compared with the far more powerful B30A which may soon ...
Battery Shortage Cuts New Nissan Leaf Production
Lower than expected battery yields by a Nissan affiliate has forced a drastic cut in the production of the new Nissan Leaf EV model.
Slipping FICO Scores Hint at Consumer Stress
The FICO scores of over 4% of Americans slipped into the middle ranges as consumers struggle with inflation and interest rates.
Retail Sales Rise on Higher Prices Due to Tariffs
A weakening job market hasn't prevented US consumers from spending on retail purchases, albeit at a higher cost for fewer units.
August Manufacturing Rebounds Slightly on Strong Car Production
A 2.6% rise in auto production came as a surprise given the burden that tariffs have placed on cost of importing or resourcing components.
TikTok Consortium Includes Oracle, Silver Lake
TikTok will be controlled by a new corporate entity 80% owned by US investors and 20% by Chinese shareholders.
China Seeks to Boost Consumption, Foreign Visitors
Faced with a slump in goods exports China seeks to encourage consumer spending with more international sporting events, mass sporting activities by local governments, and ...
Japan Exports Down As Carmakers Struggle with Tariffs
The export powerhouse is suffering the effects of its huge US tariff exposure for autos and assembly-line machinery.
Why Russian Wheat is Being Bartered for Chinese Cars
Chinese banks's desire to avoid secondary sanctions is fueling the rise of barter between China and Russia.
China Says Nvidia Violated Anti-Monopoly Law
In a tit-for-tat move China's market regulator's preliminary investigation, if sustained, would result in a ban against Nvidia's massive exports of AI GPUs to China.
Oracle Leads Consortium to Buy TikTok's US Operations
A framework deal reached Monday calls for Oracle to lead a consortium of firms that will allow TikTok to continue operating in the US.
TikTok Deal Reached, Setting Stage for Talks
China's ByteDance has agreed to sell its US TikTok operations to an American buyer in trade talks held in Madrid, Spain.
China Struggles to Tame Involution Blight
Hyper-competition among domestic companies in sectors like EVs, solar panels and consumer electronics is an economic blight arising from growing industrial overcapacity.
Beijing to Require EV Export Licenses
In an effort at protecting the image of Chinese brands, EV makers will have to secure permission to export starting next year.
TikTok Grossly Undervalued
A Trump executive order giving national security clearance for the sale of TikTok's US operations to a US consortium sets a price of $14 billion ...
Q2 Growth Revised Upward Amid Current Steep Decline
Sharp upward revision to 3.8% for Q2 growth was due to transitory factors while current projections call for abysmal 1.5% growth in H2 on impact ...
H&M Q3 Profits Surge with Focus on Trendy
Despite fierce competition from Shein and Zara the Swedish fast-fashion house has managed a 40% jump in operating profit with a campaign centered around pop ...
BYD EVs Outsell Tesla in Europe
A threefold jump in year-over-year August sales puts BYD ahead of Tesla in Europe sales for the second straight month.
TSMC Uses AI to Speed Up Design of Energy-Efficient Chips
AI-based chip design has helped TSMC and other chipmakers achieve a ten-fold improvement in the energy-efficiency of new chips.
BYD to Produce EVs Locally to Support Booming Europe Sales
A battery plant in Europe is being considered to support BYD's EV assembly lines in Hungary and Turkey aiming to produce 500,000 cars per year.
Stargate to Build $500 Billion AI Data Centers
Consortium of OpenAI, Oracle and SoftBank announced five new data centers to power AI growth.
Full Force of Tariffs Yet to Hit Says OECD
For now growth is being proppsed up by huge US AI investments, China's state support for the economy and sellers drawing down pre-tariff inventory.
UK Jaguar Land Rover Still Down 4 Weeks After Cyberattack
An early September cyberattack keeps UK assembly lines from producing Jaguar and Land Rover vehicles, with small suppliers struggling to survive.
Chinese Brands Outsell Audi, Renault in Europe
The growing popularity of plug-in hybrids contributed to the success of Chinese EV-makers in claiming the lion's share of Europe's auto sales growth.
Silicon Valley May Offshore to Beat New H-1B Visa Fee
The $100,000 fee Trump has placed on H-1B visas is likely to backfire by reducing the number of Americans hired as Silicon Valley follows hi-tech ...
Nvidia's $100 Bil. Stake in OpenAI Cheers Investors
Nvidia uses its financial scale to lock up a big share of the AI ecosystem for future growth while OpenAI reduces its dependence on Microsoft.
Google Faces Ad Tech Breakup in New Trial
The Justice Department's decade-long crusade to increase competition in digital advertising is finally getting its day in court as trial begins Monday on its antitrust ...
Passengers Become Drivers in Tesla Robotaxis
Musk's wildly optimistic promises contrast sharply with the muddled situation Tesla's confusing robotaxi plans faces with San Francisco regulators.
China's Innovent Threatens Novo, Lilly GLP-1 Drugs
A once-weekly injectable weght-loss drug from Innovent Biologics is cutting into sales of Wegovy and Mounjaro in its home market, with prospects of further gains ...
BYD Captures Three Times Tesla's Spain Market Share
With rapid expansion to 100 dealerships and over 10% market share for EVs in Spain, Chinese EV-maker BYD sees the nation as a base for ...
Nissan Testing Self-Driving Tech by Wayve
Technology from UK startup Wayve will be used by Nissan for a self-driving system it plans to debut in the 2027 model year.
New $100,000 H-1B Visa Fee Disrupts Indian IT Operations
India's IT outsourcing industry says Trump's sudden imposition of an additional $100,000 visa fee for skilled foreign professionals is creating business uncertainty and disruptions across ...
Apple Watch Uses AI to Detect High Blood Pressure
By using AI to analyze data from high-blood-pressure studies to derive algorithms, the new Apple Watch Series 11 models can detect high blood pressure from ...
Nvidia to Invest $500 Million in Wayve Self-Driving Startup
The tie-up would help Nvidia integrate its AI GPUs into a new type of self-driving system that relies more on machine-learning than on maps and ...
Hyundai Heavy Preparing to Buy US Shipyard
HD Hyundai Heavy will join Hanwha Ocean in Korea's commitment to invest $150 billion to help revive US shipbuilding.
Smart Weapons Demand Enriches Small Defense Firms
Makers of drones and unmanned vehicles have gained 34% in value, nearly three times the pace of the overall S&P 500.
DeepSeek's Hit AI Model Cost Much Less to Train than Reported
DeepSeek's market-shaking R1 AI model released in January cost only $294,000 to train and used only 512 Nvidia H800 chips, according to a recent report ...
Nvidia's $5 Billion Investment in Intel Inspires Optimism
By taking a stake in the struggling chipmaker Nvidia is inspiring both confidence in Intel's future and optimism for Nvidia's own future security.
Strong Baht Threatens Thai Tourism, Exports
The Thai currency's surge to a four-year high against the US dollar exerts downward pressure on two of its main economic drivers.
August Housing Starts Near 2-1/2-Year Lows
A glut of unsold new homes has discouraged homebuilders from seeking permits for new construction.
China Blocks Nvidia AI Chip Purchases
China has gone beyond warnings to actually order ByteDance and Alibaba to stop ordering and testing Nvidia's RTX Pro 6000D GPUs.
FedEx Hit Hard by Tariffs on Small Packages
Ending the de minimis exemption for small packages from China and Hong Kong is taking a big bite out of FedEx deliveries and profits.
AI to Transform Global Trade Says WTO Report
By improving logistical efficiency AI is expected to power a big surge in global trade.
Nelson Yang Turns Bananas into Textile
A Taiwanese entrepreneur is working on a farm-to-material concept in which bananas grown for food is also used to extract fibers for clothing.
Panasonic to Debut Hi-Capacity Anode-Free EV Battery
The battery supplier for Tesla EVs is among several companies pursuing a new assembly technique that would increase power capacity by 25% in the coming ...
Meta Launches Ray-Ban Display AR Smart Glasses
Mark Zuckerberg introduced the Meta Ray-Ban Display as a big step toward the goal of delivering personal superintelligence.
Huawei Plans World's Most Powerful Computing Nodes
The Chinese electronics giant will use its Ascend chips to power the Atlas 950 and Atlas 960 computing power nodes scheduled for launch in Q4 ...
Major China AI Data Center Built Without Nividia Chips
A new $390 million data center in Qinghai province uses only AI chipsets from Alibaba and other Chinese companies as part of a push to ...
Figure AI Robotics Startup Valued at $39 Billion
Figure's humanoid robots will be working on the company's assembly lines to build thousands more of its kind.
Meta Debuts AR Smart Glasses with Display
Meta gambles on a pricey $800 product in a bid to get ahead of rivals in the inevitable transition from smartphones to ubiquitous smart glasses ...
Nvidia Debuts RTX6000D to Weak China Demand
An AI GPU designed specifically for the China market is perceived as a poor value compared with the far more powerful B30A which may soon ...
Battery Shortage Cuts New Nissan Leaf Production
Lower than expected battery yields by a Nissan affiliate has forced a drastic cut in the production of the new Nissan Leaf EV model.
Slipping FICO Scores Hint at Consumer Stress
The FICO scores of over 4% of Americans slipped into the middle ranges as consumers struggle with inflation and interest rates.
Retail Sales Rise on Higher Prices Due to Tariffs
A weakening job market hasn't prevented US consumers from spending on retail purchases, albeit at a higher cost for fewer units.
August Manufacturing Rebounds Slightly on Strong Car Production
A 2.6% rise in auto production came as a surprise given the burden that tariffs have placed on cost of importing or resourcing components.
TikTok Consortium Includes Oracle, Silver Lake
TikTok will be controlled by a new corporate entity 80% owned by US investors and 20% by Chinese shareholders.
China Seeks to Boost Consumption, Foreign Visitors
Faced with a slump in goods exports China seeks to encourage consumer spending with more international sporting events, mass sporting activities by local governments, and ...
Japan Exports Down As Carmakers Struggle with Tariffs
The export powerhouse is suffering the effects of its huge US tariff exposure for autos and assembly-line machinery.
Why Russian Wheat is Being Bartered for Chinese Cars
Chinese banks's desire to avoid secondary sanctions is fueling the rise of barter between China and Russia.
China Says Nvidia Violated Anti-Monopoly Law
In a tit-for-tat move China's market regulator's preliminary investigation, if sustained, would result in a ban against Nvidia's massive exports of AI GPUs to China.
Oracle Leads Consortium to Buy TikTok's US Operations
A framework deal reached Monday calls for Oracle to lead a consortium of firms that will allow TikTok to continue operating in the US.
TikTok Deal Reached, Setting Stage for Talks
China's ByteDance has agreed to sell its US TikTok operations to an American buyer in trade talks held in Madrid, Spain.
China Struggles to Tame Involution Blight
Hyper-competition among domestic companies in sectors like EVs, solar panels and consumer electronics is an economic blight arising from growing industrial overcapacity.
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