Page 6 - Bloomberg

Tesla cuts capex plan to $20 billion, raising doubts over AI ambitions

Tesla cut its annual capital expenditure plan to around $20 billion from over $25 billion, raising concerns about delays in Elon Musk's AI, robotaxi and humanoid robotics ambitions.

Silver inflows likely to rebound as import curbs eased for Diwali

Fresh import permits are set to ease India's silver supply constraints and premiums ahead of Diwali, though demand is expected to trail last year's levels

SoftBank Group's market value halves from its peak as AI fears grow

Rising borrowing costs, debt-funding risks and intensifying AI competition weigh on investor confidence in SoftBank's investment strategy

Saudi Arabia seeks access to foreign strategic oil reserves for Aramco

Aramco CEO Amin Nasser said Saudi Arabia's Energy Ministry is discussing access to government-held oil storage abroad as Houthi attacks on key infrastructure raise concerns over supply disruptions

Barclays to cut 5,000 jobs as the bank expands AI use to reduce costs

Barclays plans to cut about 5% of its workforce as it adopts AI to reduce costs, while third-quarter fixed-income trading revenue fell 19% and equities revenue jumped 47% year-on-year

Nokia Q3 profit beats estimates on AI data centre equipment demand

Nokia said it had increased the scale of its restructure, leading to full-year charges of as much as 1.1 billion euro, up from a previous forecast of 800 million euro

UK tax authority plans digital ambassadors to counter AI misinformation

HMRC plans to deploy digital ambassadors on platforms such as Reddit and make official guidance easier for AI models to access, amid concerns that chatbots are spreading inaccurate tax advice

Meta's $25 bn penalty marks a massive win for New Mexico's attorney general

A judge ordered Meta to pay $25 billion in a New Mexico case stemming from a privacy scandal, an amount that dwarfs the state's projected $14.8 billion general fund revenue for fiscal 2028

IMF urges exchange rate flexibility as RBI steps up rupee defence

Exchange rates should absorb global shocks, says IMF official as India rolls out measures to support the rupee

Coca-Cola's $5 billion Costa Coffee bet falls short of expectations

Coca-Cola's $5 billion acquisition of Costa Coffee has struggled to deliver expected returns as vending machine challenges, weak US sales and pandemic disruptions hurt its global expansion plans.

HDFC Bank probe finds senior executives leaked secrets to outsiders

HDFC identified the executives during an internal investigation that began after some leaders grew concerned about the possibility of information being leaked

Carlsberg India prepares to file IPO papers this week, eyes $700 million

Carlsberg India, the country's second-largest brewer, is expected to begin investor roadshows next week and could launch the IPO as early as December

Ukraine would not exist without support from US, says Marco Rubio

Rubio made the remarks while responding to questions about report that said Musk ordered a recent slowdown of Starlink satellite system that helps Ukraine to fend off deadly Russian aerial assaults

DeepSeek unveils open-source tool to cut AI operating costs for businesses

The service, called DeepInfer, is software DeepSeek uses to make its models run faster and use computing resources more efficiently

Democrats sue Trump, US Justice Dept over effort to purge state voter rolls

The suit seeks a court order finding that admin's 'demands and threats' related to the purported lists of non-citizen voters violate separation of powers and trample right of states to oversee polls

AI to spur Southeast Asia's digital economy to $368 billion, shows study

Online spending across the region will rise about 17% this year to $368 billion, a report from Google, Temasek Holdings Pte and Bain & Co. showed

Food importer sues Trump admin over 50% tariffs on Canadian goods

The lawsuit, filed on Tuesday, comes amid an ongoing trade war between the US and one of its largest trading partners

Anthropic may spend $750 billion on computing costs as IPO plans advance

The artificial intelligence firm had a net loss of $80.7 billion in the first half of 2026

Agents turned off alerts, weakened system that flags AI misbehavior: OpenAI

In a blog post Tuesday, the company said that it is assessing whether such cases are indicative that its AI models have a wider propensity to avoid being monitored

India-US 'pretty close' to signing a different kind of trade deal: Trump

Both US and Indian officials have recently made optimistic comments about the chances of an agreement, which would break a long-running stalemate over trade between Washington and New Delhi