world
GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028
The company announced other tech initiatives as part of its “GM Forward” event in Lower Manhattan. Source link
Meta lays off 600 employees within AI unit
The cuts come as Meta has been pouring billions of dollars into AI Source link
WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say
WBD said this week it had received “unsolicited interest” from multiple parties. Source link
Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption
Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. Source link
Refinance demand is 81% higher than it was a year ago, thanks to falling mortgage rates
Sliding mortgage rates are pushing more current borrowers to refinance and also juicing demand for adjustable-rate loans. Source link
Russia was smug about Trump-Putin talks. Now they're on hold, Moscow's anxious
The Kremlin stressed on Wednesday that the dates for the face-to-face talks, due to take place in Hungary, “weren’t set” and that this would still happen. Source link
European markets lose ground as earnings hold spotlight; L'Oreal down 6%
European stocks opened in negative territory on Wednesday as market momentum loses steam. Source link
Baidu's Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up
Baidu’s Apollo Go robotaxi unit plans to begin tests in Switzerland this year, with the aim of launching a public-facing service by the first quarter of 2027. Source link
CNBC's The China Connection newsletter: Losing the Chinese shopper could soon have global consequences
Apple and other Western brands are still trying hard to reach Chinese shoppers as the Singles Day promotional period gets under way. Source link
UK inflation a wake-up call for anyone expecting a November rate cut
The Bank of England had forecast earlier this year that the consumer price index would peak at 4% (double the central bank’s target) in September. Source link