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BUSINESS

  • Starbucks Faces Growing Pains in China: Could a Stake Sale to Local Firms Help Revive Growth? Starbucks is exploring options, including selling its stake in China, to improve performance with local partners.
  • Samsung's Lee Jae Yong Makes Fortune's '100 Most Powerful People in Business' List—Here’s Who Else Made It Lee Jae Yong ranks 85th on Fortune's "100 Most Powerful People in Business," highlighting his leadership amidst industry challenges.
  • Tesla vs. Rivian: Settlement Reached After Claims of Stolen Trade Secrets Tesla and Rivian have settled a four-year lawsuit over alleged trade secret theft, with a dismissal likely by December 24.
  • China Steals America's Top AI Talent: Is Silicon Valley Losing Its Edge? China is rapidly becoming a global AI hub, attracting top talent and fostering startups, supported by major tech firms and the government.
  • Amazon’s Massive $4 Billion Investment in Anthropic – Is This How AWS Will Dominate AI? Amazon invests an additional $4 billion in AI startup Anthropic, totaling $8 billion, enhancing collaboration on generative AI services.
  • China’s Plan to Outmaneuver US Restrictions in Chip Manufacturing China's semiconductor industry is rapidly growing, focusing on self-sufficiency, with production capacity expected to rise significantly.
  • Amazon at Risk of Massive Fines as EU Investigates Digital Markets Act Violation Amazon faces EU antitrust investigation for potential violations of the Digital Markets Act, risking fines of up to 10% of global revenue.
  • Taiwan’s AI Strategy: Is $3 Billion Enough to Rival China’s Dominance? Taiwan plans to invest $1 billion annually in AI to diversify its economy and reduce reliance on China, enhancing national security.
  • Exxon Mobil Invests $200M in Texas to Process 1 Billion Pounds of Plastic Waste—Here’s What That Means Exxon Mobil plans to invest $200 million in Texas to enhance plastic recycling, aiming for 1 billion pounds of waste processed by 2027.
  • PayPal Faces Two-Hour Outage: Crypto Market Surges as Bitcoin Reaches $98,000 PayPal faced a two-hour service disruption affecting transactions, while Bitcoin surged past $98,000, boosting the crypto market.
  • Bezos Denies Telling Musk to Sell Tesla & SpaceX Shares: The Epic Feud Continues Bezos denies urging the sale of Tesla and SpaceX shares amid Musk's claims, highlighting their rivalry and stock market fluctuations.
  • Judge in Shanghai Calls Cryptos 'Commodities,' But Cautions Against Speculation and Crime Judge Sun Jie clarifies that cryptocurrency is legal in China as a commodity but warns against its speculative and illicit uses.
  • U.S. Faces $3.4 Billion Economic Loss as China Tightens Control Over Essential Tech Minerals U.S. faces $3.4 billion loss from China's export ban on gallium and germanium, critical for semiconductors amid escalating tech conflict.
  • Walmart’s Sales Soar to $169.59 Billion – What’s Driving Their Record Growth? Walmart's Q3 fiscal 2025 results exceeded expectations with $169.59B in sales, driven by strong consumer demand and e-commerce growth.
  • Ford Announces 4,000 Job Cuts in Europe Amid Struggles with Electric Vehicle Transition Ford will cut 4,000 jobs in Europe, mainly in Germany and the UK, as it scales back EV production amid a challenging market.
  • New Crypto Mining Ban Hits Russia: Full Restrictions for Key Areas Due to Power Shortages Russia imposes new cryptocurrency mining restrictions due to power shortages, banning mining in several regions from Dec 1 through 2031.
  • Huawei’s Struggle to Keep Up: U.S. Sanctions Threaten China’s Semiconductor Ambitions Huawei faces challenges in chip production due to U.S. sanctions, risking its semiconductor ambitions and technological progress.
  • NVIDIA's Explosive Growth: 94% Revenue Jump and a $19.3 Billion Profit NVIDIA reports a 94% revenue surge, driven by AI chip demand, while facing competition and regulatory scrutiny in the market.
  • Bitcoin at $93K and Climbing: Is the $100K Mark Just Around the Corner? Bitcoin approaches $100,000 amid strong institutional adoption, but experts warn of potential volatility and a possible blow-off top.
  • Bitcoin Soars to New Heights: Is $100K Next? Bitcoin's price surged to $92,355turmoil. It is viewed as a safe-haven asset, and new options trading enhanced investor confidence.
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