Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wall Street has lost more than three quarters of its mark…
On Tuesday evening in Wuhan, more than 100 of Baidu’s Apollo Go robotaxis stopped moving. They did not pull over. They did not activate an emergency protocol. They simply froze, scattered across the city’s roads and elevated highways, some in the middl…
Nexchip Semiconductor filed for a listing on the Hong Kong Stock Exchange on Tuesday, joining a stampede of Chinese chip companies turning to the city’s capital markets as Beijing pours resources into building a domestic semiconductor supply chain that…
When Iran effectively closed the Strait of Hormuz in late February, choking off the corridor through which a fifth of the world’s oil and gas flows, the immediate consequences were predictable: crude prices spiked, energy markets convulsed, and geopoli…
In the small hours of Tuesday morning, something unexpected appeared on iPhones across mainland China. Apple Intelligence, the suite of AI-powered tools that the company has spent nearly two years trying to bring to its largest market outside the US, f…
The number of mainland Chinese companies listing on the Hong Kong Stock Exchange rose from 30 in 2024 to 76 in 2025, an increase of 153 per cent, according to PricewaterhouseCoopers. Hong Kong reclaimed the top global position for IPO fundraising last …
The UK’s Office of Financial Sanctions Implementation has fined Apple Distribution International, Apple’s Ireland-based subsidiary, £390,000 for making two payments totalling more than £635,000 to a sanctioned Russian entity through the App Store in 20…
A US federal judge has dismissed Elon Musk’s antitrust lawsuit against advertisers who pulled their spending from X, ruling that the company failed to state a valid legal claim and barring it from ever refiling the case. US District Judge Jane Boyle, p…
Every co-founder Elon Musk recruited to build xAI has now reportedly left the company. Manuel Kroiss, who led the pretraining team, told people this month that he was departing. Ross Nordeen, described by Business Insider as Musk’s “right-hand operator…
OpenAI has shelved its plans to add an erotic “adult mode” to ChatGPT indefinitely, the Financial Times reported on Wednesday, capping a five-month saga in which the feature was announced with confidence, delayed twice, and ultimately abandoned after p…