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…
China Deploys ‘Big Data’ in Crackdown on Overseas Trading Income
(Bloomberg) — Chinese authorities stepped up efforts to collect taxes from citizens with overseas investment income as part…
Bessent Deflects Inflation Concerns, Sees Better Times in 2026
US Treasury Secretary Scott Bessent (Bloomberg) — US Treasury Secretary Scott Bessent deflected concerns about high costs under…
Switzerland Moves Close to Securing Improved 15% Tariff Deal
Switzerland’s parliament building in Bern. (Bloomberg) — Switzerland is close to securing a 15% tariff on its exports…
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…
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…
OpenAI Asks US to Expand Chips Tax Credit to AI Data Centers
Construction at the Stargate AI data center in Abilene, Texas in September. (Bloomberg) — OpenAI has asked the…
Chinese Exports Unexpectedly Slump for First Time Since February
(Bloomberg) — China’s exports unexpectedly contracted in October as global demand failed to offset the deepening slump in…
Japan’s Households Boost Spending Despite Inflation Hit
A shopping street in Tokyo. Photographer: Toru Hanai/Bloomberg (Bloomberg) — Japan’s household spending rose for a fifth month,…
Japan’s Ruling Party Eyes $6.5 Billion a Year for Chips, AI
Yoshihiro Seki (Bloomberg) — Japan’s ruling party aims to secure roughly ¥1 trillion ($6.5 billion) per year to…
China Services Gauge Extends Growth Streak Even as Economy Slows
Pedestrians cross a road in the Bund in Shanghai. Photographer: Qilai Shen/Bloomberg (Bloomberg) — China’s services activity expanded…