China Dials Back Budget Spending by Most in Over Four Years
(Bloomberg) — China’s broad fiscal spending slumped in October by the most since at least 2021, crippling a…
AI Startup Turing Secures Denso’s Backing at $388 Million Value
(Bloomberg) — Japanese self-driving tech startup Turing Inc. raised about ¥15.3 billion ($99 million) from investors including Toyota…
Consumers Feel Pinch at Pump as Russia Drives Oil Refining Boom
The Valero Houston refinery. Valero Energy Corp. and Turkiye Petrol Rafinerileri AS have seen stellar rises, while Orlen…
China Property Loans of $1 Billion Risk Default in Latest Scare
(Bloomberg) — Banks in Asia are getting caught in the latest flare-ups in China’s real estate crisis, as…
Alibaba Preps Big Revamp of Flagship AI App to Rival ChatGPT
(Bloomberg) — Alibaba Group Holding Ltd. is preparing an overhaul of its main mobile AI app in coming…
Cisco Shares Surge After AI-Fueled Outlook Exceeds Estimates
Cisco Systems Inc. said revenue will be $15 billion to $15.2 billion in the quarter that runs through…
Infineon Sees 2026 Revenue Growth as AI Outlook Boosts Sales
(Bloomberg) — Infineon Technologies AG (IFX.DE, IFNNY) forecast revenue will return to growth in the 2026 fiscal year…
Switzerland Moves Close to Securing Improved 15% Tariff Deal
Switzerland’s parliament building in Bern. Photographer: Francesca Volpi/Bloomberg (Bloomberg) — Switzerland is close to securing a 15% tariff…
Inflation Flip Gives Emerging Markets Edge Over Rich Nations
Gains in some markets, including Hungary, Brazil and Egypt are topping 20%. (Bloomberg) — A rare turn in…
TSMC’s Slowing Monthly Sales Fuel AI Sustainability Debate
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue, highlighting uncertainty over the sustainability of…
China’s Deflationary Spiral Hurts Economy Harder Than Official Numbers Suggest
Bloomberg analysis shows deflation on the ground feels more pronounced than official data show, with prices of everyday…
Bill Gates pledges $1.4 billion to help farmers adapt to extreme weather
Speaking ahead of next week’s COP30 climate summit in Brazil, Mark Suzman, head of the Gates Foundation, said…