Articles from www.bloomberg.com

Articles from www.bloomberg.com

Court filings: Tesla engineers admit that the company did nothing to address Autopilot's inability to recognize crossing traffic following a fatal crash in 2016 (www.bloomberg.com)
2023-8-17 Tesla

Counterpoint: global smartphone shipments to drop 6% YoY to 1.15B units in 2023, the lowest level since 2013, due to worsening China economy and poor US demand (www.bloomberg.com)
2023-8-17 China

China Central Bank Unexpectedly Cuts Key Rates as Economy Slumps (www.bloomberg.com)
2023-8-17 China

Cities keep building luxury apartments almost no one can afford — Cutting red tape and unleashing the free market was supposed to help strapped families. So far, it hasn't worked out that way (www.bloomberg.com)
2023-8-17

Documents: Amazon plans to impose a new 2% fee per sale on merchants who ship products themselves, on top of the ~15% fee they already pay, starting in October (www.bloomberg.com)
2023-8-17 Amazon

Two directors quit Nextdoor after the DOJ raised concerns over also serving on Pinterest's board; filing says Leslie Kilgore and Andrea Wishom left on August 1 (www.bloomberg.com)
2023-8-17

Sources: as part of a long-running DOJ investigation into Visa, officials are looking at how the company charges merchants for using its “tokenization” service (www.bloomberg.com)
2023-8-16

German Cannabis Bill Passes Scholz Cabinet in Legalization Push (www.bloomberg.com)
2023-8-16 Germany

Sources: Foxconn's Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months (www.bloomberg.com)
2023-8-16 China India iPhone

Filing: Samsung Electronics sold ~3.55M ASML shares from April-June 2023, lowering its holding from 1.6% to 0.7%, or 2.75M shares, and reportedly raising ~$2.2B (www.bloomberg.com)
2023-8-16 Samsung

Crypto key startup BitGo raised $100M at a $1.75B valuation from undisclosed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022 (www.bloomberg.com)
2023-8-16 Startup

Intel terminates its $5.4B deal to acquire Israeli company Tower Semiconductor after failing to win regulatory approval; the deal was announced in February 2022 (www.bloomberg.com)
2023-8-16 Israel Intel

SE Asian internet giant Sea dropped 29%, its largest single-day drop ever, wiping out nearly $10B of its market cap; Sea is valued at $23B vs. $180B in 2021 (www.bloomberg.com)
2023-8-16 Single Market

Sources: UK PM Rishi Sunak is planning an AI summit later this year with other G7 leaders and tech execs, with the historic Bletchley Park as a possible venue (www.bloomberg.com)
2023-8-16 AI

Sources: Intel is expected to call off its planned $5.4B Tower acquisition, which had an August 15 deadline, as time to win Chinese regulatory approval runs out (www.bloomberg.com)
2023-8-16 China Intel

Russia's Emergency Rate Hike Fails to Lift Ruble After Crash (www.bloomberg.com)
2023-8-16 Russia

Southeast Asian internet giant Sea reports Q2 revenue up 5.2% YoY to $3.1B, below $3.2B est., and Shopee revenue up 21% YoY, the slowest on record; SE drops 13% (www.bloomberg.com)
2023-8-15 Southeast Asia

A look at China's sweeping AI rules, taking effect on August 15 and governed by seven agencies, which soften an earlier draft and follow European regulators (www.bloomberg.com)
2023-8-15 China Europe AI

Danish GDP Grew For Third Quarter As Pharma Boosts Economy (www.bloomberg.com)
2023-8-15 GDP

Russia Hikes Rates at Emergency Meeting Called After Ruble Crash (www.bloomberg.com)
2023-8-15 Russia

Filing: the Biden administration urges SCOTUS to review key parts of Florida and Texas laws that would restrict how social media companies moderate user content (www.bloomberg.com)
2023-8-15 Texas

A US court permits bankrupt crypto lender Celsius to poll account holders on its proposal to relaunch as a user-owned company and distribute ~$2B of BTC and ETH (www.bloomberg.com)
2023-8-15 ETH

The UN-backed Science Based Targets initiative removes Amazon from its list of companies working toward net zero emission goals, which Amazon announced in 2019 (www.bloomberg.com)
2023-8-15 Amazon

Argentina to Devalue Peso by 18% to 350 Per Dollar, Official Says (www.bloomberg.com)
2023-8-15

First American City to Tame Inflation Owes Its Success to Affordable Housing (www.bloomberg.com)
2023-8-14 U.S. Real Estate Inflation

Stocks Extend Drop in China; Yen Hits Key Level: Markets Wrap (www.bloomberg.com)
2023-8-14 China Stock

Poland Detains Two Russians for Spreading Wagner Propaganda (www.bloomberg.com)
2023-8-14 Poland

Ruble Crashes Through 100 Per Dollar Despite Central Bank's Move (www.bloomberg.com)
2023-8-14

Apple Plans Major ‘Watch X' Overhaul for Device's 10-Year Anniversary (www.bloomberg.com)
2023-8-14 Apple

How the Fed Got Drawn Into the Shadows (www.bloomberg.com)
2023-8-14

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