BUSINESS

Xu Jiayin is being held under 'residential surveillance'

Police Hold Boss Of Troubled Developer China Evergrande: Report

Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according to a report. He is being held under "residential surveillance", the report said, which does not mean he has been arrested or charged with a crime.
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The new iPhone unveiled on September 12 comes with a universal charger after Apple bowed to the EU

EU Tells Apple Chief To 'Open Up' To Rivals

The EU's digital chief Thierry Breton told Apple CEO Tim Cook on Tuesday that the iPhone maker must open up its products to competitors as part of Brussels' tough curbs on tech behemoths.
Biden spoke about the autoworkers strike at the White House on September 15

Biden, Trump In Dueling US Auto Strike Trips

US President Joe Biden will join the picket line with striking auto workers on a historic trip to Michigan Tuesday, putting him on a collision course with likely 2024 election rival Donald Trump who visits a day later.
A Ford F-150 Lightning electric truck

Ford Pauses Work On $3.5 Bn Battery Plant

Ford is halting work on a major battery plant in the northern U.S. state of Michigan, the automaker said Monday, just seven months after launching the project with a Chinese partner.
As tech giants push their own AI ambitions, they have been increasingly looking at tie-ins with smaller AI firms

Amazon Steps Up AI Race With $4 Bn Anthropic Investment

Amazon said on Monday it would invest up to $4 billion in AI firm Anthropic, as the online retail giant steps into an AI race dominated by Microsoft, Google and OpenAI. The success of OpenAI's ChatGPT, a chatbot released last year that is able to generate poems, essays and other works with just a short prompt, has led to billions being invested in the field.

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