Alibaba shares fell sharply in Hong Kong on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share sale to finance its artificial intelligence ambitions. The company is offering HK$80...
Nvidia is reportedly in discussions to invest in AI search startup Perplexity as part of a funding round that would value the company at more than $30 billion, according to The Information. The potential...
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...
The U.S. services sector recorded its strongest growth in nearly two years in August, driving a sharp acceleration in overall business activity and more than offsetting slower manufacturing growth. S&P Global’s flash Services PMI...
The U.S. National Highway Traffic Safety Administration (NHTSA) has opened an investigation into nearly 1 million General Motors pickup trucks and SUVs over concerns about engine failures. The probe covers 997,743 vehicles from the...
The Dutch Data Protection Authority has fined Uber €825 million ($966 million) for allegedly violating European data protection rules by using automated systems to suspend or deactivate drivers without providing adequate information or meaningful...
Samsung Electronics expects its shareholder returns this year to reach as much as 110 trillion won ($79.54 billion), including 30 trillion won in cash dividends in the third quarter. The payout would be more...
The surge in debt issuance by technology giants to finance the artificial-intelligence buildout is beginning to test investor appetite, with bond buyers demanding higher yields as the market absorbs record supply. While investors remain...
Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...
Samsung Electronics is set to announce a new shareholder return programme worth more than 100 trillion won ($71.75 billion) later this month, according to South Korean media reports. The plan is expected to include...