U.S. stocks tumble as September starts, investors cool on chips

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Starlink backtracks, complies with order blocking X in Brazil, says regulator

Elon Musk's satellite broadband firm, Starlink, on Tuesday said that it is complying with Brazil's top court order to block access to social media platform X in the country, a day after

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably

Chinese electric carmaker BYD denies pause on Mexico plant plans

China's electric automaker BYD said on Tuesday that it has not postponed "any decision" regarding its planned factory in Mexico, denying a report from earlier in the day.

Stellantis names new head of Jeep North America, makes other executive changes

Automaker Stellantis on Tuesday named Bob Broderdorf as the head of Jeep North America.

AI server maker Super Micro denies short-seller Hindenburg's claims

Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained "false or inaccurate statements" about the AI server

Airbnb asks NYC to reconsider regulations on short-term rentals

Airbnb on Tuesday asked New York City to reconsider regulations on short-term rentals that went into effect in September 2023, citing higher prices for travelers and zero impact on the

Nokia signs fibre deal with AT&T after losing network contract to Ericsson

U.S. telecoms operator AT&T and Finnish network equipment maker Nokia have signed an agreement to build a fibre network in the U.S., the Finnish company said on Tuesday.

EV firm Polestar taps former Stellantis finance executive as CFO

Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its CFO, days after replacing long-time CEO Thomas Ingenlath.

Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports

Apple will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan's Nikkei

Tesla's China sales have best month of the year in August

Tesla's sales in China logged their best month for the year so far in August, with the U.S. electric vehicle maker benefiting from brisk sales in smaller cities.

Tesla plans six-seat Model Y, production slated for 2025 in China, sources say

Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the U.S. automaker strives to

BMW worldwide recalling Mini Cooper SE electric models, company says

German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect more than 140,000 autos worldwide, a company

Brazil's government considers taxing big techs if revenue falls short

Brazil's Finance Ministry will submit proposals to Congress this year to tax big tech companies and implement a global minimum tax of 15% on multinational corporations to secure

HP to continue $4 billion damages case against Mike Lynch

Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

Tesla's China-made EV sales in August up 3% yr/yr

Sales of U.S. automaker Tesla's China-made electric vehicles grew 3% in August from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday.

ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say

TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

Market values of major tech firms declined in August amid concerns

Alstom closes sale of N.American signalling business to Knorr-Bremse

French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says

A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person

Key events during China's regulatory scrutiny of Alibaba

China's State Administration of Market Regulation (SAMR) said on Friday that Alibaba Group had completed three years "rectification" following a record $2.75 billion fine levied

South Korea police launch probe into whether Telegram abets online sex crimes, Yonhap reports

South Korean police have launched an investigation into Telegram that will look at whether the encrypted messaging app has been complicit in the distribution

Ford to recall 90,736 vehicles over engine valve issue, US regulators say

Ford will recall 90,736 vehicles as engine intake valves in the vehicles may break while driving, the National Highway Traffic Safety Administration (NHTSA) said on Saturday.

Silicon Valley Bank exits China joint venture, local partner takes full control

California issues draft regulations for operating autonomous trucks

The California Department of Motor Vehicles on Friday issued draft regulations on the operation of autonomous vehicles on highways, paving the way for self-driving trucks to commence long-