The top Republican and Democrat on the U.S. House Financial Services committee on Thursday said they had failed to come to an agreement on a bill to establish a federal regulatory framework for stablecoins, a type of cryptocurrency typically pegged to a traditional asset, often the U.S. dollar.
German silicon wafer group Siltronic expects sales to fall up to 19% this year due to weak demand from the semiconductor industry but plans to invest in expansion to prepare for a recovery.
Sony Group Corp has sold more than 40 million PlayStation 5 consoles, its gaming division said on Thursday, citing the easing of supply chain problems.
Volkswagen and Xpeng’s jointly developed electric vehicles (EV) will use Xpeng’s G9 ‘Edward’ platform, in a filip for the Chinese startup that analysts said could boost its sales and profitability.
China’s Sunwoda Electronic plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market.
TikTok said it has no plans to roll out a cross-border business in Indonesia as a government minister on Thursday expressed concerns over how reported plans for a new e-commerce push by the firm could flood the country with Chinese products.
Infrastructure giant Ferrovial has set up an artificial intelligence hub and plans to widen the AI use by next year at its main toll road and airport businesses, such as London’s Heathrow, the head of the hub told Reuters.
Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained to high-end chips used in artificial intelligence.
Netflix is restructuring its advertising partnership with Microsoft for its lower-priced ad-supported subscription plan and is also cutting ad prices, the Wall Street Journal reported on Thursday.
Forvia’s shares fell as much as 8% in early trading on Thursday, after a slight hike to the car parts maker’s annual targets failed to impress investors.
