BUSINESS

More news
Analysts say US chipmakers like Nvidia, whose CEO Jensen Huang is seen here, will face intensified competition from China and other countries due to new constraints imposed by the US government on chip sales to China

US Set To Revise AI Chip Export Rules, Scrapping Tiered System

The regulation known as the Framework for Artificial Intelligence Diffusion, introduced during the final days of the Biden administration, was designed to limit the global diffusion of advanced computing power, particularly to adversarial nations like China.
Donald Trump said he would announce a 'a major trade deal' with 'a big, and highly respected, country' later in the day

Stocks Rise Further On Growing Trade Deal Hopes

Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day.
A Muslim news page was banned on Instagram in India following the worst violence between nuclear-armed India and Pakistan in two decades

Meta Blocks Access To Muslim News Page In India

Meta has banned a prominent Muslim news page on Instagram in India at the government's request, the account's founder said Wednesday, denouncing the move as "censorship" as hostilities escalate between India and Pakistan.
US Judge Amit Mehta will determine how Google must address his landmark ruling last year that Google operates an illegal monopoly in online search

Google Shares Plunge After Apple Executive's Court Testimony

Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google's search traffic on Apple devices declined last month for the first time in over two decades.
Nestle has found itself in hot water over filtering so-called natural mineral waters

Perrier Ordered To Remove Water Filters

Regional French authorities ordered Nestle on Wednesday to remove a system that filters Perrier and to renew its authorisation to call it natural mineral water, marking the latest turn in a saga that has ensnared the government.
Aleksandar Vucic has sought good relations with Russia's Vladimir Putin without alienating EU favour

Serbian Leader Vucic Defies EU With Russia Visit

Serbia's President Aleksandar Vucic arrived in Moscow Wednesday for the week's celebrations marking 80 years since the victory over Nazi Germany, risking anger in Brussels as he tries to balance Russian ties and European aspirations.
South African city Johannesburg will host the G20 summit in November

South Africa Launches Reform Of Derelict Municipalities

South African President Cyril Ramaphosa unveiled Wednesday a plan to revive South Africa's flagging local governments, weeks after publicly criticising the state of the financial capital Johannesburg as it prepares to host the G20 summit in November.
Mickey Mouse welcomes visitors near an entrance to Walt Disney World in Orlando, Florida

Disney Announces New Theme Park In Abu Dhabi

The Walt Disney Company announced plans Wednesday for a new theme park in the United Arab Emirates, highlighting the country's growing prominence as a global financial and entertainment hub.
US President Donald Trump has imposed a 25 percent tariff on car imports

BMW Upbeat On Riding Out US Tariff Chaos

German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact.
Traders welcomed news of China-US trade talks lined up for the weekend

Asian Stocks Rise As China-US Trade Talks Boost Optimism

Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.