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The tech-heavy Nasdaq hit a record closing high, boosted by Micron Technology and other AI-related stocks as AI demand showed no signs of abating and corporate earnings stayed resilient
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WATCH: Apple's iPhone 18 went on sale with new CEO John Ternus opening its Fifth Avenue store doors in New York, while Spirit AI made bold claims about its robots. We round up the week's hottest stories in tech
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Mercedes, Wayve partner up on autonomous driving
WATCH: Elon Musk once said ending America’s federal EV tax credit would hurt Tesla short term, but benefit it in the long run. Recent US sales data suggests he may have been right, as Tesla regains ground in the EV market. Should Tesla stick to cars?
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Slovak leader Fico raps EU for inaction on fuel prices, demands summit
WATCH: Glitzy runway shows by the world’s biggest fashion brands in Milan and Paris mask a worrying picture for luxury executives behind the scenes: a slowdown that appears to be getting worse as war in the Middle East rages on
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A US battery startup that scrapped plans to make Kentucky the site of its first factory has instead built it in China, exposing the limits of President Trump's efforts to lure manufacturing home just as he welcomes Chinese president for a summit
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WATCH: AI is high on the agenda as Presidents Trump and Xi meet in Washington this week, after repeated warnings over AI safety. Joachim Klement of Panmure Liberum told @Reuters why China is very unlikely to agree to anything that could slow its AI development
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Long Volkswagen's most reliable profit driver, luxury sports car maker Porsche has become its biggest problem, creating a road bump for CEO Oliver Blume's restructuring plans at Europe's biggest carmaker. More here:
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Evonik to launch second phase of restructuring in 2027, pursues unit sales
Novo Nordisk shares fell up to 9% after its capital markets day, as investors found its growth plans underwhelming amid competition from Eli Lilly and looming patent expirations. More here:
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Saudi Arabia's Ceer launched two electric vehicle models, Exobot sedan and SUV, aiming to build a local auto industry and diversify the economy. More here:
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Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra revenue from India's move to allow merchant fees on its widely used Unified Payments Interface digital payment network, entrenching the dominant apps' lead over smaller rivals. More here:
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Glitzy runway shows by the world’s biggest fashion brands in Milan and Paris mask a worrying picture for luxury executives behind the scenes: a slowdown that appears to be getting worse as war in the Middle East rages on. More here:
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WATCH: Tech giants such as Meta and OpenAI are racing to build AI devices that can see and hear the world. But a growing privacy backlash, especially over Meta's Ray-Ban smartglasses, is forcing companies to rethink cameras and data handling before consumers buy in
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Alibaba plans to train a new artificial intelligence model with between 5 trillion and 10 trillion parameters, Chief Executive Eddie Wu said, as the Chinese technology giant outlined a sweeping strategy encompassing AI models, chips and data centres
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A Venezuelan delegation led by interim President Delcy Rodriguez that is taking part in the United Nations General Assembly this week began discussing energy, debt and mining issues with counterparties in the US, officials and sources said. More here:
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WATCH: Paramount Skydance emerged victorious from a legal battle over its $110 billion acquisition of Warner Bros Discovery after settling with a California-led group of US states and a Hollywood writers union. Jody Godoy breaks it all down
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WATCH: The Nasdaq surged to a record-high close, lifted by gains in AMD and other AI heavyweights, while Treasury yields retreated from recent highs and crude prices tumbled to an 11-day low
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Paramount Skydance reached a settlement with California and 11 other states that had sued to stop its $110 billion acquisition of Warner Bros Discovery, California attorney general announced, paving the way for one of the largest media mergers in history
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