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Baidu Posts Biggest Sales Decline in Two Years During Downturn

(Bloomberg) -- Baidu Inc. recorded its biggest revenue drop in more than two years after China’s economic malaise undermined its push into generative AI.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNew York’s Transit Agency Approves $9 Congestion TollNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesRevenue for the three months ended

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Bain-Backed Kioxia Plans Tokyo IPO at $4.8 Billion Valuation

(Bloomberg) -- Kioxia Holdings Corp. plans to debut on the Tokyo Stock Exchange in mid-December at a value of about ¥750 billion ($4.8 billion), fast-tracking the move to stay relevant in the competitive memory sector.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNew York’s Transit Agency Approves $9 Congestion TollNYC Mayor Adams Names Jessica Tisch

Factbox-US prosecutors demand Google divest Chrome to end search monopoly

The proposals are wide-ranging, including barring Google from re-entering the browser market for five years and insisting Google sell its Android mobile operating system if other remedies fail to restore competition. Google must promptly and fully divest its Chrome browser to a buyer approved by the U.S. government.

Justice Department Seeks Google Chrome Sale to Curb Monopoly

(Bloomberg) -- The Justice Department and a group of states proposed major changes to Alphabet Inc.’s Google — including a forced sale of the company’s Chrome web browser — in the wake of a landmark ruling that the tech giant illegally monopolized online search.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNew York’s Transit Agency Approves $9 Congest

BOJ's Ueda signals focus on data ahead of Dec meeting, yen jumps

TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank will scrutinise various data ahead its rate review next month, and "seriously" take into account the impact yen moves could have on the economic and price outlook. In an appearance closely watched by markets for clues on whether the BOJ could hike interest rates next month, Ueda said the central bank will reach a decision "meeting by meeting" on the basis of information that becomes available. "There's still a month to go" until the BOJ's next meeting in December, Ueda said.

Container shippers hedging green transition with dual-fuel vessel orders

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe. Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion. Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases, but accomplishing it will be difficult and costly, requiring billions of dollars in investments in new vessels and fuel production.

Disney Bets on Korean and Japanese Originals in Asia Growth Push

(Bloomberg) -- Walt Disney Co. is investing in Japanese anime exclusives and extending a Korean superhero franchise as part of its push for a bigger slice of the Asian streaming market.Most Read from BloombergParis to Replace Parking Spaces With TreesTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNew York’s Transit Agency Approves $9 Congestion TollNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesDi

Flour millers face supply crunch as wheat farmers tighten grip on stocks

Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and millers say, leaving flour makers with dwindling supplies and vulnerable to any potential upswing in prices. The limited supply held by flour makers reduces their buffer against any production shortfalls that would trigger a rally in world prices, with global reserves already projected to reach a nine-year low, and fuel food inflation. Farmers are hoarding their crop as global wheat prices have slumped to their lowest since 2020 on solid output in Australia and Argentina and on improved growing conditions in major exporting regions including the U.S. and Black Sea region.

Elon Musk's Neuralink receives Canadian approval for brain chip trial

The brain chip startup said the Canadian study aims to assess the safety and initial functionality of its implant which enables people with quadriplegia, or paralysis of all four limbs, to control external devices with their thoughts. Canada's University Health Network hospital said in a separate statement that its Toronto facility had been selected to perform the complex neurosurgical procedure. Regulator Health Canada did not immediately respond to a request for comment.

One Tech Tip: How to get started with Bluesky

You could try Bluesky. People seeking to avoid chaos, noise and political bluster in the aftermath of the U.S. elections are noticing a different mood on the Bluesky social platform, where the vibe is seemingly welcoming and there are noticeably fewer trolls. No problem — you can still look around on Bluesky without signing up because all posts and profiles are public.

Oil prices climb as geopolitical tensions outweigh US inventories

SINGAPORE (Reuters) -Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in U.S. crude inventories. Brent crude futures rose 60 cents, or 0.82%, to $72.81 as of 0734 GMT. Ukraine fired a volley of British Storm Shadow cruise missiles into Russia on Wednesday, the latest Western weapon it has been permitted to use on Russian targets, a day after it fired U.S. ATACMS missiles.