Hacking Group Says It Attacked Microsoft for Sudan. Experts Say Russia’s Behind It
‘Anonymous Sudan’ is promoting Russia’s interests in an escalating campaign of cyberattacks against Sweden, Israel and the US, researchers say
Bloomberg Tech
Thieves Threaten World Bank’s South African Coal Rail Project
A World Bank Group-funded effort to increase train access to a power plant in South Africa’s coal-rich region has started to significantly backslide as criminals target the country’s rail system.
Rolex and Patek Prices Fall as Subdial Index Nears Two-Year Low
Prices for luxury Swiss watches are near the lowest in almost two years on the secondary market as Rolex, Patek Philippe and Audemars Piguet models continue falling from the record highs reached in early 2022.
China Stocks Shrug Off AI Curbs; CPI Sinks Aussie: Markets Wrap
Chinese equities fluctuated while Nvidia Corp. slid in after-hours trading in New York following a report that the Biden administration was considering further curbs on exports of powerful chips used to train artificial intelligence. The Australian dollar slumped as soft inflation data damped rate-hike bets.
Nvidia Leads Selloff After Report of More US AI Chip Curbs
Nvidia Corp. led declines in tech stocks after a report Washington could close loopholes in the sale to China of powerful chips used to train artificial intelligence, potentially denting sales in the world’s top semiconductor market.
Tabcorp, Entain Face Online Gambling Ad Ban in Australia
Gaming companies including Tabcorp Holdings Ltd., Entain Plc and Bet365 suffered a setback as an Australian parliamentary inquiry recommended banning all advertising for online gambling in order to decouple betting from sport and reduce financial harm.
Bitcoin Nears One-Year High as Fidelity Reportedly Eyes Spot ETF
Bitcoin is hovering around its one-year high as asset manager Fidelity reportedly readies its filing for a spot exchange-traded fund for the digital asset.
Samsung Beefs Up Chip Foundry Business as It Looks to Challenge TSMC
Samsung Electronics Co.’s chip foundry business is adding production capacity and more advanced manufacturing techniques, aiming to make gains on market leader Taiwan Semiconductor Manufacturing Co.
China Lures Billionaires Into Race to Catch US in AI
A ChatGPT-inspired global wave of AI activity is only just beginning in the next battle for supremacy in technology.
Asian Equities Advance; Jawboning Supports Yen: Markets Wrap
Asian stocks climbed Wednesday after a rally on Wall Street that was fueled by strength in US consumer confidence and home sales. The yen strengthened after verbal intervention in Tokyo.