Bloomberg Tech

President Joe Biden told donors he thinks the US will avoid a potential recession that economists and banks have long been predicting.

When the US first embraced “de-risking” to get Europe on board with measures to deny key technology to China, officials in Beijing dismissed the term as no different than decoupling. Now they are trying a new strategy: Redefine the concept.

The newly appointed chief executive officer of Vedanta Resources Ltd.’s untried display business is seeking to hire global talent to build and run a $4 billion factory in western India.

Alphabet Inc.’s Google has cut jobs at mapping service Waze, the tech giant’s latest move to trim its operations amid a drive for efficiency in Silicon Valley.

Rio Tinto Group plans to start building its own batteries at a laboratory in Melbourne later this year to experiment with technologies in the rapidly-growing clean energy sector.

Microsoft Corp.’s acquisition of Activision Blizzard Inc. will deliver a blow to Sony Group Corp’s console business and give PlayStation gamers a “degraded” experience, an executive with the Japanese electronics giant testified, bolstering the US Federal Trade Commission’s claim that the deal would hinder market competition.

The UK must develop laws that govern cryptoassets to ensure the country becomes a global hub for cryptocurrencies and non fungible tokens, the Law Commission recommended.

Nevada has asked a federal court to appoint a receiver for Prime Trust, alleging that the custodian used customer funds to buy cryptocurrencies after losing access to digital wallets containing tens of millions of dollars in assets.

Mercedes’s subtle sedan is easy to like—especially if you love technology. 

The latest group of Y Combinator companies will be in the Bay Area in person.