A newly built plant in Democratic Republic of Congo aims to produce 30% of the world’s germanium, according to its owner, potentially easing China’s dominance of the metal used in electronics and solar cells.
Traders are betting a visit by US senators to China next week may help prevent any further deterioration in bilateral relations, and boost sentiment toward the Asian nation’s assets.
Taiwan Semiconductor Manufacturing Co.’s third quarter revenue slid less than projected as demand from artificial intelligence players helped offset sagging smartphone and laptop chip sales.
Vietnam’s communications ministry accused TikTok Inc. of failing to effectively block content that violates the law after the authority conducted inspections of the platform’s operations in the country.
The US warned the European Union that its proposed law to regulate artificial intelligence would favor companies with the resources to cover the costs of compliance while hurting smaller firms, according to previously undisclosed documents.
AirTrunk, an Australian data center operator, is considering strategic options including a minority stake sale, according to people familiar with the matter.
Tesla Inc. cut prices on its most popular cars in the US again, days after its third-quarter deliveries missed estimates.
Oyo Hotels is in talks with Apollo Global Management Inc. to refinance a $660 million loan as the once-high-flying startup seeks more time to cut debt following a delay in its initial public offering, according to people with knowledge of the matter.
FTX co-founder Gary Wang said he and Sam Bankman-Fried committed a multibillion-dollar fraud with customer funds that led to the cryptocurrency exchange’s collapse, shortly after taking the stand against his onetime math camp buddy and MIT roommate.
MGM Resorts International said the recent computer hack that shut down many services at its casino hotels will reduce third-quarter profit by about $100 million.
