Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.’s Middle Eastern subsidiary, as part of the Abu Dhabi-based firm’s attempts to reinvent itself as a global technology investor.
Chinese shares related to artificial intelligence tumbled after a state media outlet urged authorities to step up supervision of potential speculation.
Sam Altman, co-founder and chief executive officer of OpenAI, said the organization is looking at opening a Japan office and expanding Japanese language services after meeting with Prime Minister Fumio Kishida.
Tesla Inc. will build a large new battery factory in Shanghai, further cementing China’s place at the top of the global energy storage supply chain.
A top solar material producer is planning its first factory outside China, but may pass on the US because of high costs, according to the company’s chief executive officer.
Kazuo Ueda took over the reins at the Bank of Japan, replacing Haruhiko Kuroda, whose decade-long aggressive easing efforts made the central bank capable of jolting global financial markets with just a small tweak to its policy.
Failed crypto exchange FTX Trading Ltd. lacked fundamental financial and accounting controls, stifled dissent within the company and joked internally about their tendency to lose track of millions of dollars in assets, according to a report by the company’s debtors.
Elon Musk’s Twitter Inc. has changed its description tag for National Public Radio to “government funded media” from “state-affiliated media” following criticism last week.
The Bank of Korea is widely expected to stand pat on Tuesday as inflation slows and financial-market jitters remain, with growing views that its current tightening cycle has little room left to run.
The Bank of Korea is widely expected to stand pat on Tuesday as inflation slows and financial-market jitters remain, with growing views that its current tightening cycle has little room left to run.
