Page 1082 - World News

BYD's relentless growth taking its toll on smaller Chinese EV rivals

BYD's rise to become the dominant force in China's auto market, overtaking established western automakers

Trump to visit Michigan, Wisconsin as battleground campaigning increases

Trump's intense focus on recapturing states he won in 2016 but lost narrowly in 2020 continues with stops in the middle of Michigan and western Wisconsin

EU new car sales flat in July as battery EVs lose market share, says ACEA

Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed to offset a drop of almost 37 per cent in sales

Russia bans 92 more Americans from the country, including journalists

A ministry statement said the bans were imposed in response to the Russophobic course pursued by the Biden administration with the declared goal of inflicting a strategic defeat on Moscow

Nations building their own AI models add to Nvidia's rising chip demand

Countries adopting their own AI applications and models will contribute about low double-digit billions to Nvidia's revenue

Asian shares track Wall Street futures lower as Nvidia's results disappoint

Investors now await US weekly jobless claims, which have gained prominence

Terrorist attack at Taylor Swift's concert was averted with US intel aid

The Central Intelligence Agency and other spy groups provided Austrian authorities with information that helped lead to arrests of suspects who were believed connected to Islamic State

OpenAI nears funding round at over $100 bn valuation led by Thrive Capital

OpenAI has been in early discussions to raise funding at a valuation at or above $100 billion since at least December, people with knowledge of the matter told Bloomberg News late last year

Nvidia's quarterly forecast fails to impress investors, shares fall

The revenue and gross margin forecast for the current quarter were not far from analysts' expectations

Mexico to debate judicial reform next week amid ongoing diplomatic tensions

Canada's government said that it respects Mexico's sovereignty but that investors have expressed concern over the reform

South Korean lithium battery maker CEO arrested over deadly fire incident

Park Soon-kwan, the CEO of Aricell, which is majority owned by S-Connect, apologised after the fire

US court takes aim at Big Tech liability shield after 10-yr-old's death

Three weeks before Christmas 2021, Nylah Anderson was found lifeless in her mother's closet in suburban Philadelphia

Qantas announces $271 mn share buyback plan despite annual profit dip

Qantas expects its fuel costs in the first half of fiscal 2025 to be in line with the year-ago level at $2.7 billion

CrowdStrike cuts profit forecasts as Windows outage weighs on new deals

Analysts expected the reputational hit could hurt CrowdStrike's dominant position

HP predicts lower profit due to weak PC market, rising competition

The company expects commercial PC momentum to continue, while seeing a slower recovery in the print market

Nvidia's Huang says new Blackwell chip will have lots and lots of supply

The product is a much-anticipated successor to the company's Hopper line of so-called AI accelerators, which have sent its revenue and stock price soaring

Yelp sues Google in wake of antitrust ruling on monopolising search

A Google spokesperson said in a statement that the company would vigorously defend against Yelp's meritless claims

Brazil top court threatens to suspend X operations amid ongoing feud

Earlier this month, X said it was removing all remaining Brazil staff in the country effective immediately

China, US to plan Biden-Xi call in coming weeks, says White House

White House said the two sides also planned to hold a military theater commander telephone call in the near future

Houthis will allow rescue ships to aid tanker ablaze in Red Sea: Iran

Last week's attack on the Sounion marked the most serious assault in weeks by the Houthi rebels, who continue to target shipping through the Red Sea corridor over the Israel-Hamas war