Several key former employees from Arm Holdings Plc’s Chinese venture have started a chip design house with local government backing, adding to uncertainty in the British firm’s biggest market just weeks after it raised $5 billion in an initial public offering.
Asian shares rose as markets shrugged off faster-than-expected US producer price data and took heart from less hawkish Federal Reserve commentary. A move by China’s sovereign wealth fund to buy shares of the country’s largest banks fueled further optimism.
Israel targeted Hamas commanders and vowed to wipe the group “off the face of the Earth” as its new unity government signaled a major ground offensive soon in retaliation for an attack by the militant group that killed at least 1,200 people.
Apple Inc.’s key suppliers in Taiwan saw another major sales drop in September, despite the launch of a new iPhone and several Android handsets.
Chile, home to the world’s largest lithium reserves, says Japanese battery and metals companies are among Asian investors interested in acquiring long-term preferential access to the ingredient, in exchange for adding value to the raw material and transferring skills.
The European Union’s top diplomat has waited all year for the right moment to visit China. Now, he’s finally arriving with the differences between Brussels and Beijing looking larger than ever.
Sony Group Corp. has unveiled a slimmer, lighter PlayStation 5 with detachable disc drive, in a bid to juice sales over the holiday season.
Xiaomi Corp. has held talks with established automakers on potential production partnerships, people familiar with the matter said, as it waits for Beijing to approve a license that would give it the right to manufacture electric cars itself.
Asian shares opened higher after US stocks rose for a fourth day as traders shrugged off a hotter-than-estimated wholesale inflation reading.
Japan’s domestic interbank fund settlement system resumed normal operations on Thursday following a two-day glitch that disrupted millions of transactions.
