Amazon (AMZN.O) filed a lawsuit against AI startup Perplexity on Tuesday, claiming that its “agentic” shopping feature, Comet, covertly accessed Amazon customer accounts and disguised automated activity as human browsing. The move highlights growing concerns over the regulation of AI agents and their ability to perform online tasks autonomously. The lawsuit, filed in the U.S.

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SHANGHAI – Volkswagen (VOWG.DE) announced on Wednesday that its joint venture with China’s Horizon Robotics (9660.HK), CARIZON, will develop the automaker’s first in-house chip to power smart driving features in next-generation vehicles for the Chinese market. The chip is designed to process data from vehicle cameras and sensors, delivering computing performance of 500 to 700

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TOKYO – Toyota (7203.T) raised its full-year operating profit forecast on Wednesday, betting that strong performance in markets outside the United States will help offset the impact of U.S. import tariffs. The world’s top-selling automaker now expects operating profit of 3.4 trillion yen ($22.6 billion) for the fiscal year ending March 2026, a 6% increase

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SINGAPORE – Asian stock markets experienced sharp swings on Wednesday as investors reacted to a global selloff and rising volatility, driven by concerns over stretched valuations in tech and AI-related stocks. Tokyo’s Nikkei 225 (.N225) tumbled nearly 7% from Tuesday’s record high before recovering to close down 2.8%. South Korea’s Kospi (.KS11) plunged as much

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LONDON – The British pound (GBP) steadied on Wednesday as traders positioned themselves ahead of Thursday’s highly anticipated Bank of England (BoE) policy decision. Despite this, sterling remains near a seven-month low against the U.S. dollar (USD) and at its weakest level in over two years versus the euro (EUR). Markets are currently pricing in

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BEIJING, Nov 5, 2025 – China announced it will lift export control measures against 15 U.S. entities and continue to pause restrictions for 16 more entities for one year, effective November 10, according to a statement from China’s Commerce Ministry. In addition, China will remove or suspend measures imposed earlier this year on certain U.S.

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Tokyo, November 5, 2025 – The planned U.S. listing of Japan’s leading payments app, PayPay, has been stalled due to the ongoing U.S. government shutdown, according to SoftBank Corp. (9434.T) President Jun Miyakawa. SoftBank’s PayPay has been preparing for a U.S. initial public offering (IPO), which investors had anticipated could value the company at over

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The Swiss franc and U.S. dollar maintained strength on Wednesday as risk aversion rippled through Asian markets, while safe-haven flows eased by the European morning. After spiking to its highest level since April 1 at the close of Tuesday trading, the dollar held steady, and the Swiss franc remained elevated. Asian equities fell sharply following

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Policymakers at the Bank of Japan (BOJ) are increasingly considering an interest rate hike, according to minutes from the central bank’s September meeting released Wednesday. The notes show that two board members advocated for an immediate rise, reflecting growing momentum for tighter monetary policy. During the two-day meeting ending September 19, the nine-member BOJ board

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