Chinese EV maker BYD’s quarterly sales overtook Tesla’s for the first time
The milestone comes amid tough competition in China, the world’s largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.
Switzerland is now flirting with deflation, causing a dilemma for its central bank
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers’ efforts to get a handle on prices.
China tells carmakers to pause investment in EU countries backing EV tariffs, Reuters reports
China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, Reuters reports.
North Korea launches a new intercontinental ballistic missile designed to threaten U.S.
The United States, South Korea and Japan had also identified the weapon as an ICBM and condemned the launch as raising tensions.
Dodgers win World Series in 5 games, overcome 5-run deficit with help of errors to beat Yankees 7-6
The Dodgers earned their eighth championship and seventh since leaving Brooklyn for Los Angeles — their first in a non-shortened season since 1988.
Chinese smartphone company Honor gets new investors as it gears up for IPO
Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.
China’s factory activity expands for the first time since April, official survey shows
China’s official purchasing managers’ index for October came in at 50.1, according to National Bureau of Statistics data released Thursday.
Samsung Electronics’ chip profit shrinks 40% from the previous quarter
The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter.
Asia markets mostly slip ahead of Bank of Japan decision, China factory activity figures
The Bank of Japan is expected to hold rates at 0.25%, according to a Reuters poll of economists.
Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta’s AI technology buildout led the company to lift guidance for capex.
