Recent News
Bose Takes Over Skullcandy, Plans to Invest in Brand’s Growth
Bose has purchased Skullcandy from a fund managed by Mill Road Capital Management, adding the audio brand to its Premium Consumer Audio business. Skullcandy will retain its identity and headquarters in Park City, Utah, while gaining access to Bose's technology, resources and distribution network. The acquisition builds on an existing collaboration that has brought Bos...
Apple’s First MacBook Pro With OLED Display to Launch at a Notably Higher Price Than the Current Generation: Report
MacBook Pro with an OLED display will be launched at a notably higher price than the current generation model, according to a report. The 14-inch MacBook Pro with an OLED screen will reportedly be launched at a starting price between $2,799 (roughly Rs. 2,66,000) and $2,999 (about Rs. 2,85,000). According to the report, the revised pricing is based on a Bill of Materi...
Insta360 Mic Wireless Microphone Launched With Customisable E-Ink Display: Price, Features
Insta360 Mic has been launched globally. The new microphone is Insta360's first model to feature a customisable E-Ink display. It has a microSD card slot for expandable storage. The wireless microphone supports 32-bit float internal recording, AI noise cancellation, automatic gain control, and voice tone presets. It supports Bluetooth Direct Connect with select Insta3...
Oura sues rival Ultrahuman again, threatening its U.S. smart ring comeback
Oura alleges in its newest lawsuit that Ultrahuman's Ring Pro infringes two of its patents.
Uber rival inDrive eyes 2027 robotaxi tests in Central Asia with Pony.ai and Nvidia
inDrive plans to begin testing Pony.ai's robotaxis in Kazakhstan's capital in the first half of 2027.
DoT’s SIM Binding Rules Set to Take Effect Beginning January 1 to Curb Cyber Fraud: Here’s What Changes
The Department of Telecommunications (DoT) has directed messaging and communication apps to comply with SIM-binding rules from January 1, 2027. The compliance directive mandates that such apps implement a SIM-based login verification process in an attempt to keep user accounts linked to the active SIM cards associated with their registered Indian mobile numbers. DoT s...
Chinalco sets up treasury centre in Hong Kong
Aluminum Corporation of China, known as Chinalco, has established a corporate treasury centre in Hong Kong to manage the state-owned giant's offshore funds, Invest Hong Kong announced on Friday. The new entity, Chinalco Treasury Management Co Ltd, will centrally manage the group's offshore funds and handle offshore financing, exchange rate and interest rate risk management, as well as integrated financial services. Director-General of Investment Promotion Alpha Lau said the move demonstrates Hong Kong's strengths as the first port of call for mainland firms going global and as a hub for corporate treasury centres. "As the world's largest offshore Renminbi hub, Hong Kong can provide enterprises with cross-border Renminbi settlement, multi-currency fund management and risk hedging capabilities," Lau said. She added that she hopes Chinalco will use the treasury centre as a starting point to further establish commodity trading functions in Hong Kong, combining the city's pricing, clearing, financing, and warehousing networks with the company's own industrial strengths to create synergy. Chinalco Chief Financial Officer Wang Xin said Hong Kong's foreign exchange market – the fourth largest in the world – together with its well-developed channels for Renminbi financing and trade settlement, and its unique advantage of connecting to the mainland, will help the group manage its global funds in a more efficient and effective way. "In the future, Chinalco Treasury will build a fully functional offshore fund management platform for the group. All funds will be pooled, all settlement will be centralised and all risks will be controlled," she said. Founded in 2001, Chinalco is a key state-owned enterprise under the direct administration of the central government, with an industrial chain covering more than 20 non-ferrous metals. It has been on the Fortune Global 500 list every year since 2008 and operates in more than 20 countries and regions. Edited by Aaron Tam
iPhone Duo Goes on Sale in India: Price, Offers and Specifications
The iPhone Duo is finally available for purchase in India. Apple’s first foldable iPhone was launched at the ‘Surprise and Shine' event in September alongside the iPhone 18 Pro and iPhone 18 Pro Max. But while both non-foldable models went on sale a week after their unveiling, the iPhone Duo remained unavailable for purchase. The Cupertino-based tech giant opened ...
HK bounces back as regionals continue to weaken
Mainland stocks extended losses on Friday, tracking broad weakness across global markets, as a selloff in tech shares on Wall Street weighed on investor sentiment. In Hong Kong, the benchmark Hang Seng Index rebounded back above 23,000 to open up 93 points, or 0.41 percent, at 23,027. The China Enterprises Index was 55 points, or 0.72 percent, higher at 7,744 while the tech index moved 19 points, or 0.51 percent, up to 3,813. Further north, the Shanghai Composite Index opened down 34 points, or 0.94 percent, at 3,623 while the blue-chip CSI300 index lost 1.1 percent. Both key mainland indicess added to losses from the previous session, when the CSI300 posted its lowest close since July 2025 and the Shanghai benchmark ended at its weakest level in more than a year. The CSI300 index is now down more than 20 percent from its most recent closing peak on June 22, meeting some definitions for confirmation of a "bear market". By the most widely accepted definition of the term, it has been in one ever since a 2007 closing-level high. "Three converging forces: a deepening selloff in AI-related technology stocks, escalating Middle East tensions following deadly attacks on Saudi Aramco infrastructure, and intensifying stress in French sovereign debt markets, triggered a sharp risk-off rotation across global markets overnight," analysts at UOB said in a note. The Shenzhen Component Index opened down 169 points, or 1.49 percent, at 11,187 while the ChiNext Index opened down 42 points, or 1.66 percent, at 2,534. In Tokyo, the Nikkei opened 240 points, or 0.38 percent, lower at 62,667, plunged straight down after that to 61,528 and was 1,239 points in the red at one stage before noon. In Seoul, the Kospi fared better than Japanese stocks, opening 130 points, or 2.36 percent, down at 5,403, went into a short plunge and was 140 points lower at one stage before lunch. (Additional reporting by Reuters) Edited by Aaron Tam
Japan braces for rate hike as inflation accelerates
Inflation in Japan accelerated sharply in September, official data showed on Friday, rising above the Bank of Japan's (BoJ) target level and paving the way for a further interest rate hike. The acceleration was driven in particular by rising prices for processed foods against a backdrop of soaring energy costs owing to the conflict in the Middle East. Excluding volatile fresh produce, inflation was 2.1 percent, up from 1.7 percent in August, according to the internal affairs ministry reading. The figure was in line with market expectations and above the 2.0 percent target set by the central bank, further raising chances of an interest rate hike. "With underlying inflation back above the Bank of Japan's 2 percent target, the case for further tightening remains on solid ground," said Abhijit Surya of Capital Economics. "News reports suggest that the Bank may revise up its inflation forecasts at its October meeting. That should set the stage for another hike in December." The BoJ already raised interest rates in mid-September, in line with other major central banks around the world, in an effort to counter strong inflationary pressures driven by soaring energy prices triggered by the Iran war. A weak yen is also driving up the price of imported goods. Rents and automobile-related costs also contributed to inflation, the data showed. Surya, of Capital Economics, said rent inflation matched "its highest rate in nearly 25 years". But government support for petrol and electricity fees mitigated the impact on energy prices, according to the internal affairs ministry. Excluding both food and energy, inflation stood at 2.4 percent, above market expectations, following a figure of 1.9 percent in August. The government is trying to mitigate the impact of inflation on household purchasing power, notably with a massive stimulus package adopted at the end of 2025 and extensive tax breaks on energy. Japanese Prime Minister Sanae Takaichi's two predecessors were undone by anger over inflation. The government said it would slash consumption tax on food products from eight percent to one percent for two years, starting in April. However media reports said this will cost the government 10 trillion yen, or about US$63 billion, in lost tax revenues. Edited by Cecil Wong
Supplement sold at gas stations blamed for California man's opioid overdose
Public health officials in San Francisco reported a death associated with MGM-15, a lab-created and modified form of 7-OH.
Left alone with nothing to do, AI agents started playing
MIT researchers marooned 13 AIs on a virtual island, and they responded by inventing games, mourning a lost ring and, eventually, getting better at their jobs.
Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
US stocks fall as AI doubts ignite tech selloff
US stocks tumbled on Thursday and the Nasdaq posted its steepest daily drop since early June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race. The S&P 500 ended deep in negative territory. But the tech-laden Nasdaq, dragged down by microchips, suffered a steeper loss, falling 2.6 percent in the wake of a spate of high-profile AI-related earnings results. The blue-chip Dow eked out a nominal gain minutes before the closing bell. Meta Platforms' results beat analyst expectations, but its stock slid 7 percent as the Facebook parent posted its first cash outflow in more than a decade due to its AI-related expenditures and announced plans to issue non-voting shares in a two-for-one split to raise capital to spend on the nascent technology. Tesla shares fell 3.1 percent even though the electric car maker unexpectedly posted positive free cash flow in the quarter and cut its 2026 capital spending plans. The Philadelphia SE Semiconductor Index, which has driven much of the current bull market's gains, plunged 6.7 percent, its biggest daily percentage drop since June 23. "It's a wonderful day on Wall Street," said Paul Nolte, senior wealth adviser & market strategist at Murphy & Sylvest in Elmhurst, Illinois. "The only part of the market that is really suffering here is technology, which has been the golden child of the markets up until about June." "Investors are starting to realise that there are some holes in the AI story," Nolte added. "And that's having an impact on the indices because they're so heavily weighted toward technology." On the geopolitical stage, Iran-backed Houthis launched new strikes against Saudi targets, sending crude prices to a five-month high. Investors worried that ongoing Middle East strife could keep inflation hot and force the US Federal Reserve to keep raising interest rates. Data from the US Labour Department showed initial claims for unemployment benefits kept drifting along near multi-decade lows. Signs of labour market stability will allow the Fed to focus on fighting inflation. Financial markets are currently pricing in the probability that the central bank will raise its policy rate by another 25 basis points before year-end. The Dow Jones Industrial Average rose 11 points, or 0.02 percent, to 52,867, the S&P 500 lost 93 points, or 1.2 percent, to 7,663 and the Nasdaq Composite lost 694 points, or 2.6 percent, to 26,008. Third-quarter earnings season is well underway, with 111 of the companies in the S&P 500 having reported. Of those, 83 percent have beaten analyst expectations, according to the most recent LSEG data. Procter & Gamble warned that rising cost pressures would take an increasing bite out of profit, but beat analyst estimates, sending the stock 5.6 percent higher and supporting consumer staples. Blackstone advanced 8.4 percent, after the company said widening credit spreads on AI-related debt could present an opportunity to lock in higher returns. Lockheed Martin climbed 7 percent after the aerospace/defence firm raised its annual sales and profit forecast. Spotify rose 11.1 percent after the Swedish music streaming firm forecast fourth-quarter profit above Wall Street estimates, betting on its AI-powered features to drive user growth. Chipmakers Intel, AMD, Sandisk and Marvell all tumbled more than 8 percent amid the broader semiconductor selloff. (Reuters) Edited by Cecil Wong
Warhound raises $200M to engineer war dogs and arm them with Anduril gear
Warhound, the brainchild of Ben Lamm and Palmer Luckey, emerges from stealth to genetically engineer dogs for military and law enforcement.
As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontier
The digital asset unit, helmed by Chris Dixon, broadens its scope.
Where Do Autoimmune Diseases Come From?
Our genes evolved to fight ancient threats, but in the modern world, some of those changes may be turning against us.
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
Should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.
Rivian buys world model startup to accelerate self-driving ambitions
Third Dimension's technology uses AI to match the physical world, which when combined with Rivian's reams of data could turn into a valuable simulator.
Arc browser sunsets December 22 as The Browser Company doubles down on Dia
Arc was fiercely beloved by a dedicated group of enthusiasts, but it never quite became the mass-market Chrome alternative its makers once envisioned.
The secret to fast startup growth isn’t early sales, top names in tech say
At this year’s Disrupt, Lovable GTM lead Luke Arno, Polsia's Ben Broca, and Theory Ventures’ Tomasz Tunguz gave founders some tips on how to achieve true sales success in the first 90 days.
1Password launches a way for AI agents to log in on your behalf without seeing your password
The new feature allows agents to log into a customer's personal accounts while still protecting the private credentials that secure those accounts.
Canva releases its first image generation model
Canva is making its new image model available to all users, promising better, more customizable performance at lower costs.
OpenAI makes its Jev competitor widely available as decision model competition heats up
OpenAI is launching its decision model to the world. Can it compete with the original Jev?
Employers Shift Rising Health Care Costs Onto Millions of Workers
New surveys show that increases in premiums and deductibles are forcing people to forgo treatments or doctor’s visits while budgets are strained by higher food and gas prices.
Microsoft’s Mustafa Suleyman says its AI outperforms doctors on hard cases as he chases ‘medical superintelligence’
Microsoft’s new AI diagnostic system beat generalist doctors on hard cases, according to a study in Science. But most of the improvement seems to come from the AI models underneath, not from Microsoft’s system itself.
Former OpenAI science lead launches Warp Science to automate wet labs with robots
Wearing cameras and sensor gloves, the startup’s human chemists will train robots to perform various lab tasks.
Why Many Voters Are Unhappy With the Economy
With the midterms approaching, the economy is a top concern for voters. Our chief economic correspondent, Ben Casselman, describes which aspects of the economy have voters so frustrated.
Elon Musk made a $1B investment in Skydance, report says
The investment will provide a much-needed financial boost as the company seeks to cut costs and lift its stock price.
Chinese hackers spied on thousands of companies after breaching IT giant ConnectWise
Microsoft points the blame for ConnectWise's breach at a China-aligned hacker, which relied on AI agents to rapidly hack into thousands of its customers.
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