BUSINESS

Hong Kong stocks bounced after suffering two days of hefty selling

Asian Markets Swing But US Rate Outlook Feeds Uncertainty

Markets flittered between gains and losses Wednesday as the hefty selling witnessed in the first few days of the week eased but traders remain consumed by worries over the economy as the Federal Reserve considers hiking interest rates further.
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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.
One in five property developers have reported cancelling projects in August, while 11.9 percent face financing difficulties, according to a new survey

Germany's Housing Sector Slumps Into Crisis

Valeriy Shevchenko felt like he made the purchase of his lifetime when he beat a queue of prospective buyers to secure a two-bedroom apartment in one of Berlin's most popular districts.

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