Israel Says It’s Discussing Starlink Wartime Backup With SpaceX
Israel says it’s in talks with SpaceX on setting up Starlink internet services to bolster its wartime communications, ahead of its expected ground invasion in the Gaza Strip.
Bloomberg Tech
Tencent’s Record Buybacks Are Not Enough to End $43 Billion Rout
Tencent Holdings Ltd. has returned about $24 billion to shareholders via buybacks and dividends this year. But even that won’t convince investors that it’s due for a turnaround following a $42 billion market value wipeout.
Chinese AI Developer Punishes Staff Who Took Long Lunch Breaks
A top Chinese AI developer punished scores of staff who took a longer lunch break than allowed, reviving memories of the relentless work culture that plagued the country’s tech sector years ago.
Big Tech, AI Models to Face Antitrust Inquiry in South Africa
South Africa has started a probe to gauge if artificial intelligence models, digital and social media platforms managed by companies including Alphabet Inc.’s Google and Meta Platforms Inc.’s Facebook are limiting the nation’s news and media companies’ ability to generate revenue.
BYD Reports Preliminary Net Income Jump on Record-High Sales
BYD Co., China’s top maker of electric cars, said it expects net income for the third quarter may come in as high as 11.5 billion yuan ($1.6 billion) despite slowing growth in sales of new-energy vehicles across the country.
Israel Latest: Aid Trucks Stuck as Biden Readies Mideast Trip
Israel said it was working to allow civilians to exit Gaza through a crossing with Egypt. The Israeli military struck the south of the Gaza Strip after ordering people to seek refuge there.
Bitcoin’s 10% Jump to $30,000 Hints at Trader ‘Playbook’ for ETF Launches
A brief 10% surge in Bitcoin gave traders a glimpse into the possible impact of a looming US Securities & Exchange Commission decision on whether to allow exchange-traded funds that invest directly in the cryptocurrency.
BNY Mellon Earnings Beat Estimates on Higher Interest Rates
Bank of New York Mellon Corp. reported earnings that beat estimates, as higher interest rates boosted the firm’s revenue.
NovoHydrogen Gets $20 Million Boost to Make Biden’s Future Fuel
US startup NovoHydrogen Holdings LLC received a $20 million equity investment from Modern Energy Group LLC to develop green hydrogen production plants across North America as the US pushes use of the carbon-free fuel.
Tech Bellwether Murata Sees Smartphone Market Growing This Year
The global smartphone market has at long last bottomed out and will recover this year, thanks to strong demand in India and other parts of Southeast Asia, according to mobile industry bellwether Murata Manufacturing Co.