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BUSINESS

  • China Investigates NVIDIA for Breaching Commitments After Halting GPU Supplies China is probing NVIDIA for antitrust violations after the company halted product supplies, breaching commitments amid U.S. export controls.
  • Elon Musk’s Plans for India Are Back on Track—How Tesla’s Showroom Could Reshape the EV Market Tesla is reconsidering its entry into the Indian market, eyeing reduced tariffs and potential investment in local EV production.
  • U.S. DOE Announces $17 Million Boost for Lithium, Nickel, and Rare Earth Research The DOE will invest $17 million in 14 projects to enhance U.S. energy security and domestic supply chains for critical minerals.
  • U.S. Pumps $6.2 Billion Into Micron—Could This Help the U.S. Lead the Semiconductor Race? The U.S. Commerce Department grants Micron $6.2 billion for semiconductor plants, boosting domestic production under the CHIPS Act.
  • NVIDIA, Semiconductor Stocks Slide as Chinese Antitrust Investigation Weighs on Market Semiconductor stocks fluctuated, with NVIDIA declining due to an antitrust probe, while Google and Apple saw gains.
  • Insurance Industry Faces $600 Billion Climate Loss Over 20 Years—Here’s What’s Behind the Shocking Figures Climate change has caused over one-third of weather-related insurance losses, totaling $600 billion, highlighting urgent industry reforms.
  • Citigroup Warns: Trump’s Tariff Threat Could Send Copper Prices Crashing Citigroup predicts a bearish copper market, lowering projections due to trade policy concerns and economic risks, projecting $8,750 per ton by 2025.
  • ByteDance Defies Restrictions to Buy Over 200,000 NVIDIA AI Chips—Here’s What It Means ByteDance becomes China's largest NVIDIA AI chip buyer, facing challenges amid U.S. export controls and TikTok's user growth slowdown.
  • Russian National Arrested for Allegedly Stealing Military-Linked Chip Tech A former ASML employee is accused of stealing microchip design manuals, with a court hearing underway in Rotterdam.
  • Boeing to Lay Off 396 Workers in Washington State as Part of Global Restructuring Boeing plans to lay off 396 employees in Washington as part of a global restructuring affecting 17,000 positions.
  • Tesla's Robotaxi Service Coming Soon to California and Texas, With Human Operators on Standby Tesla plans to launch a robotaxi service in California and Texas next year, using company-owned vehicles with remote operators for safety.
  • Oil Prices Surge as China’s Economic Shift and Syrian Instability Stir Markets China's economic growth measures and Syria's instability have led to a rise in New York oil prices, reflecting market concerns.
  • Volkswagen Eyes Exit from China as Sales Plummet and Labor Strikes Escalate Volkswagen faces financial woes, considering selling factories in China amid union strikes and restructuring plans in Germany.
  • NVIDIA Under Fire: China Investigates Acquisition as Stock Takes a Hit NVIDIA's stock fell after China investigated its antitrust practices, despite significant revenue growth and market dominance in AI.
  • China Takes Aim at Nvidia, Raising Antitrust Concerns Over Trump Tariff Fears China investigates Nvidia's acquisition of Mellanox, signaling concerns over U.S. tariff policies amid escalating trade tensions.
  • Saudi Arabia’s Price Cuts Send Shockwaves Through Oil Markets—Here’s Why Saudi Arabia cuts oil prices more than expected for Asian buyers, highlighting continued market weakness amid OPEC+ production delays.
  • Uber Teams Up with Chinese Firm WeRide for First Autonomous Taxi Service in Abu Dhabi Uber and WeRide launch a commercial robo-taxi service in Abu Dhabi, marking a step towards autonomous vehicle integration in ride-hailing.
  • Chinese EVs Are Taking Over the Market—BYD and Xiaomi Are Stepping on Tesla's Toes Chinese automakers dominate the EV market, with BYD and Xiaomi rising fast, while U.S. and European brands struggle to keep pace.
  • Is Microsoft’s $1.5 Billion AI Deal with UAE a Risky Gamble for U.S. Security? Microsoft invests $1.5 billion in G42, raising U.S. concerns over AI technology transfer to China amid national security scrutiny.
  • Dell Joins AI Race, Deploys GPUs for Musk’s Supercomputer Project in Memphis Dell Technologies secures a major share in AI chip servers, deploying GPUs for Musk's supercomputer project in Memphis.
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