China’s CATL Denies Claims of Suppliers in Xinjiang Region
Contemporary Amperex Technology Co., Limited (CATL), a major Chinese battery manufacturer, clarified on Tuesday that it does not source from any suppliers in the Xinjiang region. The statement came in…
Japan Competition Authorities Raid Amazon Japan Over Anti-Monopoly Concerns
Japan’s Fair Trade Commission (JFTC) carried out an on-site inspection of Amazon Japan on Tuesday, investigating potential violations of anti-monopoly laws. According to a government source, the e-commerce giant is…
EU Faces Stalemate in Talks with China Over EV Tariffs
European Union officials have dismissed claims that a resolution to ongoing trade tensions with China over electric vehicle (EV) tariffs is near. While discussions between the EU and Chinese representatives…
Amazon Workers Plan Global Black Friday Strikes and Protests
Amazon employees in over 20 countries are gearing up for coordinated protests and strikes on Black Friday, marking one of the busiest shopping days of the year. The action, organized…
Alibaba Takes on Rivals with E-Commerce Reshuffle
Alibaba Group is consolidating its domestic and international e-commerce operations into a unified business unit to counter increasing competition, according to a Thursday stock exchange filing. The move marks the…
Indian Quick-Commerce Giant Zepto Raises $350M
Zepto has secured $350 million in its third funding round in six months, cementing its position as a leading player in India’s burgeoning quick-commerce sector. The Mumbai-based startup, which plans…
Comcast to Spin Off Rotten Tomatoes, Fandango, and Cable Networks Into a New Public Company
Comcast is restructuring its portfolio by spinning off a group of NBCUniversal’s cable networks and digital assets into a new independent, publicly traded company. The move, announced Wednesday, includes channels…
Japan’s Kioxia to List with $5 Billion Market Value
Bain-backed Kioxia, a major player in the global chip market, is set to receive listing approval from the Tokyo Stock Exchange on Friday, two unnamed sources revealed. With an indicative…
Ford to Lay Off 4,000 Workers in Europe and Scales Back EV Plans
Ford has announced plans to cut 4,000 jobs across its European operations while scaling back production targets for its Explorer and Capri electric vehicles (EVs). The move affects 14 percent…
Digital Wallets Face Bank-Like Regulations Under New CFPB Rule
The U.S. Consumer Financial Protection Bureau (CFPB) has announced a landmark ruling that will subject digital payment services to bank-like regulations. This new rule targets popular payment wallets and money…
Nvidia Predicts Surging Sales for Next-Gen Blackwell Chips
Nvidia revealed that its next-generation Blackwell chips are expected to surpass earlier sales projections, signaling robust demand from AI developers. Following a quarter where Nvidia’s revenue nearly doubled, CEO Jensen…
Elon Musk’s X Sues Twitch for Alleged Advertising Boycott
Elon Musk’s X has taken legal action against Amazon-owned Twitch, alleging that the livestreaming platform has boycotted advertising on X since November 2022. Twitch is the latest target in X’s…
Nvidia’s Stock Could See $300 Billion Swing After Earnings
Nvidia’s market value could experience a staggering $300 billion shift following its quarterly earnings report, set to release after markets close on Wednesday. According to U.S. options market data analyzed…
Kadokawa Gains 19% After Sony Interest Surfaces
Kadokawa Corporation’s stock surged 19% during early trading in Tokyo on Wednesday, following a Reuters report that Sony is in discussions to acquire the Japanese publishing, anime, and gaming giant.…
Sony Eyes Kadokawa in Strategic Expansion Talks
Sony is in discussions to acquire Kadokawa, the Japanese media company behind the blockbuster video game Elden Ring, according to two sources familiar with the matter. The deal, if finalized,…
Nepal to Fight Crypto Fraud with Public Awareness, Transaction Monitoring
Nepal’s Financial Intelligence Unit (FIU) has raised significant concerns about the increasing use of cryptocurrencies in cyber-related frauds, despite the country’s official ban on trading digital assets. The FIU, a…
Xiaomi Partners with PhonePe for New App Store in India
Xiaomi will transition its Indian app store to fintech company PhonePe’s Indus AppStore starting January 2024. The update will automatically replace Xiaomi’s GetApps store on devices across India, signaling a…
Huawei Opens Pre-Orders for Mate 70 Ahead of Big Event
Huawei Technologies has started accepting pre-orders for its latest Mate 70 smartphone model. The announcement, made on the company’s official WeChat account on Monday, marks a new chapter for the…
Taiwan Seeks EU Economic Partnership to Boost Semiconductor Ties
Taiwan President Lai Ching-te has called for the European Union to sign an economic partnership agreement with the island, highlighting its potential to deepen cooperation in critical sectors such as…
Alibaba Beats Profit Forecast as China Faces Tepid Spending
Chinese e-commerce leader Alibaba delivered better-than-expected profits in its September quarter, driven by gains from equity investments, despite falling short on sales projections. The company’s net income rose 58% year-on-year…