Page 7 - Bloomberg

Global stocks fall as AI spending concerns resurface, oil prices surge

Global equities declined as concerns over AI infrastructure spending resurfaced after a weak South Korean IPO, while Brent crude topped $111 amid renewed geopolitical risks

Trump announces $8 billion fuel aid for US farmers amid diesel price surge

The Trump administration has announced $8 billion in fuel relief for US farmers facing soaring diesel costs during the harvest, with payments based on acreage and production expenses

Visa teams up with billing firms to enable AI-driven invoice payments

Visa is partnering with BILL Holdings and Billtrust to pilot AI agents that can initiate and complete business invoice payments using tokenised credentials without human authentication

Apple faces UK regulatory push to open iPhone contactless payment systems

UK watchdog proposes wider, cheaper access to iPhone contactless technology to boost competition among digital wallet providers

China's CXMT swings to profit as AI demand fuels memory chip price surge

Chinese chipmaker CXMT expects a sharp turnaround in profit for the first nine months of 2026 as AI-driven demand pushes up memory chip prices and boosts global sales

Netflix needs blockbusters to reverse its $135 billion market value wipeout

Netflix won the fewest Emmy Awards in a decade this year, and the company isn't growing fast enough, according to Co-Chief Executive Officer Ted Sarandos

Australian govt to sue Facebook, TikTok for alleged breaches of ban

The country's online safety regulator, eSafety Commissioner, said in March it was investigating Facebook, Instagram, TikTok, Snapchat and YouTube for potentially failing to adhere to the law

RBI steps up scrutiny of large overseas investments as rupee slides

The Reserve Bank of India issued a standardized checklist to major banks last week, requiring detailed information on overseas direct investments exceeding $1 billion

Ex-Google CEO Eric Schmidt's 1% Anthropic stake set to pay huge windfall

Schmidt invested tens of millions of dollars in Anthropic's Series A fundraising round

AI tool predicts cancer patients' survival chances from a single face photo

The new model was trained to estimate a person's age or, for those with cancer, their survival chances

OpenAI staffer accused of planting recording device in office denied bail

Alfozan, a US green card holder, was arrested this month after staffers at OpenAI discovered an audio recording device planted behind a television in an executive conference room

French protests tapers off after tougher security measures imposed

Protests drew more than half a million people on Saturday across the country, but the demonstrations over cost-of-living concerns soon deteriorated as fast-moving groups targeted hundreds of shops

Ukraine suspects US restricting intelligence sharing on Russian Attacks

Ukrainians believe the US throttled back the information-sharing, allowing missiles in a first wave of attacks to get through, then reinstating the early warning system for a second wave of attacks

France tightens protest control measures as officials admit to failure

France banned Marseille demonstrations and urged curfews where needed after weekend riots, while businesses sought aid and Paris hotels began reporting cancellations

Elon Musk says he will gift SpaceX shares to 'every kid in America'

It's not clear how such share contributions would work, and Musk did not elaborate on his donation plans

French unrest raises alarm across Europe as protests turn violent

While France has a history of street demonstrations, the intensity of attacks on public buildings, shops, raised fears of repeat action during a campaign featuring both the far left and far right

Claude AI tool triggered No Kings Instagram suspension, says Meta

Meta apologised after its automated security system suspended the anti-Trump coalition's Instagram account during nationwide protests

Diesel deal aimed to keep peace talks with Russia going, says Trump

Trump also accused Ukrainian President Volodymyr Zelenskyy of prolonging the Russia-Ukraine war, now in its fifth year, because of the military aid he has gotten from European allies

Sebi's CAS rollback may offer new lifeline to Indian derivatives market

The reversal could provide a much-needed boost to a market grappling with regulatory curbs aimed at reining in speculative trading

Trump endorses Netanyahu's re-election bid after months of strained ties

Trump backed Netanyahu nine days before Israel's October 27 election, while rival Gadi Eisenkot said only Israeli citizens would decide who becomes the next prime minister