Bloomberg Tech

Japanese banks including Mitsubishi UFJ Financial Group Inc. are urging customers to use accounts at rivals for fund transfers as a widespread system glitch continues for a second day.

South Korean billionaire Chey Tae-won said geopolitical tensions between the US and China have kept prices for electric car batteries higher for longer as his conglomerate looks to reduce its reliance on the world’s second-largest economy.

Samsung Electronics Co. reported a 78% plunge in quarterly profit, reflecting the severity of a sector-wide slump that continues to weigh on the world’s biggest maker of memory chips.

Asian stocks edged higher after US equities were buoyed by Wall Street scaling back wagers on Federal Reserve rate hikes. Oil steadied following its biggest rally since April.

MGM Resorts International Chief Executive Officer Bill Hornbuckle chose not pay a ransom to hackers who broke into his casino chain’s computer system because they didn’t ask for money until well after the company discovered the attack.

Rocket-launch company Astra Space Inc. is considering selling a 51% stake in its in-space propulsion business, among other strategic sale options, according to people familiar with the matter.

Caroline Ellison took the witness stand Tuesday afternoon and within minutes pointed to her former boss and boyfriend, FTX co-founder Sam Bankman-Fried, as the man responsible for the loss of billions in customer funds and the collapse of the cryptocurrency platform.

Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million.

BlackRock Inc. has taken a minority stake in a German digital wealth business as the world’s largest asset manager seeks to broaden its reach to first-time investors in Europe.

HP Inc., anticipating that personal computer demand will pick up after a two-year slump, projected profit for the fiscal year beginning in November in line with analysts’ estimates.