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Xiaomi passes memory-chip inflation to consumers with higher Redmi K90 pricing
Xiaomi said on Friday that it had no choice but to raise smartphone prices after a brutal spike in memory chip costs drove production expenses way beyond what the company expected. The announcement ca...
Beijing accelerates de-dollarization as global yuan loans hit new record
China just smashed another milestone in its war on dollar dominance. Official figures show overseas renminbi lending, bond investments, and deposits by Chinese banks have quadrupled in five years, hit...
EV automaker Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit
Rivian, a U.S. EV manufacturer, just agreed to pay $250 million to settle a class-action lawsuit filed in 2022 by some shareholders over alleged IPO underpricing fraud. The Irvine, California-based au...
Japan’s inflation ticks up for the first time in 5 months
Inflation in Japan picked up again for the first time since May, with new government figures showing a 2.9% rise in core consumer prices in September, which matched analyst forecasts and was higher th...
Fraud losses in the UK hit £629 million in the first half of the year
Criminals have used AI to run more scams and steal more money, resulting in £ 629 million in losses due to fraud in the UK during the first half of the year. UK Finance reported that fraud cases incre...
Anthropic signed a deal for 1 million TPUs and 1 GW of compute with Google
Anthropic has locked in a massive cloud deal with Google, giving the AI company access to 1 million Tensor Processing Units (TPUs) and 1 gigawatt of compute power by 2026. The agreement is about compu...
The Trump administration is moving to fast-track data center power hookups
The Trump administration is accelerating data center power hookups, reducing approval timelines from several years to just 60 days. Trump’s administration is pushing regulators to advance Trump’s AI a...
The RBA plans to replace Australia’s outdated BECS payment system
Michele Bullock, the Governor of the Reserve Bank of Australia (RBA), highlighted four crucial areas where policymakers, the government, and industry must collaborate to modernize the country’s paymen...
Crypto M&A hit $10 billion in Q3, over 30× last year’s level
Crypto dealmaking exploded past $10 billion in the third quarter of 2025, a record-breaking surge that’s more than 30 times higher than what the market saw a year ago, according to a report from Archi...
France wants practical measures to ensure a sustainable shift to electric vehicles (EVs).
On October 23, 2025, France’s Ministries of Ecological Transition and Economy released a joint statement advocating for practical measures to ensure a sustainable shift to electric vehicles (EVs) as t...
US bank reserves drop below $3 trillion
Reserves in the US banking system, a key factor influencing the Federal Reserve’s balance sheet reduction strategy, have fallen sharply for the second consecutive week, dipping below the $3 trillion m...
US federal judges admit to using AI on ‘error-ridden’ court orders
Two US federal judges have admitted that staff in their chambers turned to artificial intelligence to help draft court rulings and that the experiment went badly wrong. In a pair of candid letters mad...
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