U.S. Banks Scramble After Trump Calls for Cap on Credit Card Interest Rates
New York: U.S. banks on Tuesday face a tricky political test in how to address a call from President Donald Trump to cap credit card interest rates - leaving the…
China blocks Nvidia H200 imports, suppliers halt production: FT
Suppliers of parts for Nvidia's H200 have paused production after Chinese customs officials blocked shipments of the newly approved artificial intelligence processors from entering China, the Financial Times reported on…
US regulators give Tesla five-week extension in Full Self-Driving probe
U.S. auto safety regulators have granted Tesla a five-week extension to respond to an investigation into whether its vehicles violated traffic laws while the Elon Musk-led company's Full Self-Driving system…
The Chip Wars Are No Longer About Technology. They’re About Power
Silicon used to be boring. A component. A line item. Something engineers worried about, not finance ministers. In 2025, semiconductors sit at the center of global power. Every smartphone, car,…
Publishers seek to join lawsuit against Google over AI training
Publishers Hachette Book Group and Cengage Group asked a California federal court on Thursday for permission to intervene in a proposed class action lawsuit against Google over the alleged misuse…
Porsche Sales Sink to 16-Year Low as China Demand Slumps
German sports car maker Porsche suffered its biggest annual sales decline in 16 years in 2025, joining fellow Volkswagen subsidiary Audi and Mercedes-Benz in struggling with weak demand and fierce…
China-led digital currency platform tops $55B in transactions, denting dollar dominance
London: Transactions on a new China-led digital currency platform have surged to over $55 billion, a new report shows, the latest sign that efforts to build alternatives to dollar-dependent global…
Novo’s Wegovy pill tracks 3,071 prescriptions in first days of launch
London: Novo Nordisk's Wegovy pill hit 3,071 U.S. prescriptions in the first four days after its launch, IQVIA data shared by analysts on Friday showed, as investors closely watch to…
Netflix eyes Warner Bros deal as Q4 results spotlight studio battle
Netflix's plans to accelerate revenue growth by buying Warner Bros will be in focus on Tuesday when it reports fourth-quarter results, as the streaming pioneer battles Paramount for one of…
BlackRock Q4 profit beats estimates as assets hit record $14 trillion
BlackRock's fourth-quarter profit surged past Wall Street estimates on Thursday while a rally in markets boosted fee income and lifted the company's assets under management to a record $14 trillion.…