Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes

[ad_1] Volkswagen has struggled with the shift to electric vehicles. Photo: Tobias SCHWARZ / AFPSource: AFP Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche. The loss in …

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Bank of Japan keeps interest rates unchanged

[ad_1] Japan’s national flag flutters in the wind on the Bank of Japan (BoJ) head office building in Tokyo. Photo: Kazuhiro NOGI / AFPSource: AFP The Bank of Japan kept interest rates on hold Thursday at 0.5 percent, warning of lingering economic “high uncertainties” linked to US trade tariffs. The …

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Samsung posts 32% profit rise on-year in third quarter

[ad_1] Samsung posts 32% profit rise on-year in third quarter. Photo: Jung Yeon-je / AFPSource: AFP South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips. The artificial intelligence industry has provided …

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And the winner of Startup Battlefield at Disrupt 2025 is: Glīd

[ad_1] For three days this week, 20 startups participated in the Startup Battlefield at TechCrunch Disrupt. Each was selected to represent the best of the Startup Battlefield 200 and competed for a chance to take home the Startup Battlefield Cup and $100,000. After all that intense pitching, we have a …

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Uber plans San Francisco robotaxis in Waymo challenge

[ad_1] Uber says that more than 100 self-driving vehicles made by Silicon Valley-based Lucid are being readied for the ride-sharing platform. Photo: Adam Gray / GETTY IMAGES NORTH AMERICA/Getty Images via AFPSource: AFP Uber said Wednesday it will launch its own robotaxi service in San Francisco late next year, taking …

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Brazil, Venezuela, and Peru React to New U.S. Tariff Regime

[ad_1] With a new US tariff regime in place, the region’s economies face their greatest disruption in at least a generation. When US President Donald Trump initiated a new regime of tariffs on global imports reaching the US, investors reacted by retracting forecasts and rethinking investment dynamics while companies globally …

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Bending Spoons to acquire AOL

[ad_1] Bending Spoons, one of Europe’s largest mobile app developers, announced on Wednesday that it has agreed to buy AOL from Yahoo, which is backed by private equity giant Apollo. Bending Spoons says it has secured a $2.8 billion debt financing package to support the purchase. The acquisition is expected …

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