Japan may fund Taiwanese chipmakers in U.S. under $550 billion investment deal
Trade envoy says Japanese components or supply relevance qualify foreign firms for financing as Tokyo eyes tariff relief and strategic gains
Modi announces $565-million credit line for debt-plagued Maldives
Modi’s two-day visit focuses on strengthening India-Maldives development partnership, with credit line for infrastructure projects and a bilateral investment agreement to be finalized
Intel shares dive 8% as new CEO warns of drastic cuts, potential exit from chip manufacturing
Lip-Bu Tan signals strategic reset with plant halts, layoffs, and 18A foundry doubts amid deepening AI market lag and multi-billion dollar losses
Trump administration eyes $250 billion global development overhaul with bigger security role
White House proposal seeks to expand DFC’s reach into wealthy nations, boost investment powers, and place Defense Secretary on board amid rising geopolitical stakes
China’s underground Nvidia chip repair industry booms amid US export bans
Despite tight US restrictions, boutique firms in Shenzhen are fixing hundreds of smuggled H100 and A100 GPUs monthly as demand surges among AI developers and military-linked buyers
Trump sees low chances of trade deals with EU and Canada
Trump said the EU must "buy down" the tariff rate and suggested tariffs on Canada may come without a trade deal
New EU law pushes Meta to end political and social issue advertising
The company says the upcoming regulation creates legal uncertainties and significant operational challenges
Tesla beats Chinese rivals in assisted driving test
Tesla charges about $9,000 for its assisted driving suite, while companies like BYD and Xiaomi offer similar features at no additional cost
Over 800 firms to showcase AI products at World AI Conference in China
The two-day event will feature Chinese firms such as Huawei and Alibaba, alongside international names including Tesla, Alphabet, and Amazon
US aviation regulators to assess Boeing’s supply chain before lifting 737 MAX rate cap
Boeing 737 MAX output is held steady after Alaska Airlines door panel incident in January 2024
Intel wins investor lawsuit over alleged stock price inflation
The decision follows a 26% drop in Intel’s stock on August 2, 2024, after it announced 15,000 job cuts and paused its dividend to save $10 billion by 2025
U.S. air traffic system is outdated and understaffed, says aviation agency chief
FAA plans to upgrade radar, telecom systems, air traffic control towers,hire more controllers, and offer new incentives to retain staff
Alphabet faces EU complaint over Android app uninstallation rules
The complaint claims Alphabet designed its Android operating system to hide the option to disable its own apps
LVMH to open second Texas factory by 2027 as U.S. expansion continues
The company reports a 4% drop in second-quarter sales to $22.95 billion, with its fashion and leather goods division falling 9%, both below expectations
Amazon faces two UK lawsuits worth up to $5.4 billion
One case seeks $3.6 billion for third-party sellers, while another seeks $1.8 billion for consumers over similar market abuse claims