Asian stocks fluctuated as traders weighed better-than-expected China data against intensifying Middle East tensions. The Bank of Japan announced unscheduled bond purchases to stem a rise in yields.
X, the social network formerly known as Twitter, began testing a $1-per-year subscription fee for new accounts on the web that want to post or interact with other users, saying the measure has the potential to reduce spam, automated bot accounts and manipulation of its service.
Princeton Digital Group said it’s looking to raise $1 billion in debt across multiple projects as the Singapore-based data center operator seeks to expand its business.
The US government’s goal of cutting off Chinese access to sophisticated semiconductors with military uses will be difficult to carry out with export controls, according to Arm Holdings Plc boss Rene Haas.
Russian Foreign Minister Sergei Lavrov is set for his first visit to North Korea in about five years, as the US made fresh accusations that Pyongyang is supplying weapons to help Moscow in its assault on Ukraine.
Asian stocks were muted after US equities struggled and bonds slumped following data reinforcing the case for the Federal Reserve to keep interest rates higher for longer. Oil climbed as the Israel-Hamas conflict intensified.
The European Union is considering a three-tiered approach to regulating generative AI models and systems, according to a proposal seen by Bloomberg, part of groundbreaking efforts to rein in the rapidly advancing technology.
But bottles of Screaming Eagle Cabernet broke world records.
President Joe Biden said he was “outraged and deeply saddened” by the explosion at a hospital in Gaza City that killed hundreds of people. He added in a statement on Tuesday night that he had asked “my national security team to continue gathering information about what exactly happened.”
Tesla Inc. is calling for President Joe Biden’s administration to sharply increase fuel economy standards, and also to wind down a program allowing automakers to offset sales of gas-powered vehicles with credits from electric vehicles.
