Business & Finance
Tencent to issue $5 billion in bonds to fund AI spending
Tencent Holdings, a major video game developer in China, has notified bondholders about its intention to issue around $5 billion in debt securities, as reported by Bloomberg, referencing sources close to the situation. The agency reported that Tencent indicated the upcoming issuance would finance...
Apple asks suppliers to cut component production for iPhone 18
Apple Inc. has requested certain suppliers to cut back on component manufacturing for the newly released iPhone 18 Pro and iPhone 18 Pro Max models, as increasing memory chip prices and elevated device costs weaken consumer demand, according to Nikkei Asia, referencing sources. Based on the...
Chinese automaker Leapmotor plans European expansion
Chinese car manufacturer Zhejiang Leapmotor Technology Co. aims to grow its footprint in Europe and introduce a new hybrid vehicle to the European market in the early part of 2027, according to company President Michael Wu in an interview with Bloomberg. Wu states that these plans are separate from...
Dyson nearly quadrupled dividend payments to the founder's family for 2025
James Dyson’s British vacuum cleaner firm, Dyson Holdings, has almost increased its yearly dividend payouts to Weybourne Holdings—his family's holding company based in Singapore—by four times. Payouts for 2025 reached £750 million ($995 million), an increase from £200 million in 2024, which was the...
AI Adoption Pushes Australian Banks Into Regulatory Scrutiny
Artificial intelligence is moving deeper into Australia's banking system, and regulators are now shifting their attention from experimentation to the consequences of putting automated systems in front of customers. The Australian Securities and Investments Commission has begun a review of how banks...
Adobe forecasts record US online sales for November–December
Adobe Inc. expects that US internet sales throughout the winter holiday period (November 1 to December 31) will reach an all-time high this year. Adobe anticipates that sales for this period will hit $275.1 billion, marking a 6.7% rise from the prior year. The company expects that Cyber Monday...
Anthropic seeks to secure 50.1% of voting rights for founders
US-based AI firm Anthropic is seeking shareholder approval for a revised voting rights structure, reports The Information, referencing sources. The suggested corporate structure would provide CEO Dario Amodei and six co-founders with 50.1% of the voting power; this setup would persist as long as...
McDonald's to allocate $8.5 billion to support franchisees through 2036
McDonald’s Corp., based in the U.S., intends to offer around $8.5 billion in assistance to its franchisees until 2036, as stated in a company press release. Out of this total, $5 billion will be allocated until 2030. These actions are components of the "Accelerating the Arches" (or "NEXT")...
Alibaba Builds Full AI Stack to Support Its Next Model Leap
Alibaba's latest artificial intelligence strategy signals a shift from competing primarily through individual models to building an integrated technology system capable of supporting increasingly demanding AI applications. The company plans to develop future models with between 5 trillion and 10...
Paramount settles States' antitrust claims regarding Warner Bros. deal
Paramount has finalized a deal with several U.S. states to resolve antitrust allegations related to the $110 billion acquisition of Warner Bros. Discovery (WBD), according to CBS News. The agreement entails further investment from Paramount in U.S. film production and a pledge to release a minimum...
