International Companies
IBM unveils ‘Loon’ chip in quantum computing breakthrough
IBM unveils the "Loon" chip, advancing quantum error correction for future computers
Microsoft plans largest quantum site in Copenhagen
Quantum computing has the potential to unlock discoveries in medicine and chemistry
By Supantha Mukherjee
Polestar opts for reverse stock split to stay on Nasdaq
Firm cuts number of existing shares while raising their value in bid to retain listing
By Marie Mannes and Zaheer Kachwala
Bullish Foxconn teases OpenAI announcement at quarterly earnings
Chair Young Liu plays down talk of AI bubble as cloud and networking revenue soars
Gaza partition likely as Trump’s plan stalls
A de facto division of Gaza into areas controlled by Israel and Hamas seems likely
By Alexander Cornwell
Meta chief AI scientist Yann LeCun plans to launch rival start-up
Pioneer of deep learning also in talks to raise funds for a new venture, FT reports
By Jaspreet Singh
Unicef says Israel is restricting vital equipment in Gaza
‘Dual-use’ policy hampers efforts to vaccinate children in war-torn territory
By Olivia Le Poidevin
AMD expects data centre market to reach $1-trillion by 2030
AI explosion fuels Advanced Micro Devices’ ambitious growth expectations
By Max A Cherney
CoreWeave cuts revenue forecast on data centre delay
The firm is under pressure from infrastructure costs, AI chip prices and competition
SoftBank profit more than doubles on OpenAI gains
Masayoshi Son’s bet on maker of ChatGPT helps yield quarterly profit of $16.6bn
By Anton Bridge
Shell challenges LNG arbitration loss in New York court
Appeal places Venture Global’s $20bn spot market sales under scrutiny
Porsche SE stays resilient despite falling demand
Porsche SE's profit drops 36% due to Porsche AG's EV delays and falling China demand
By Rachel More
Elliott opposes Toyota Industries deal, calls for transparency
Elliott opposes Toyota Industries buyout, citing undervaluation and lack of transparency
International business briefs: Richemont and Swatch rebound
OpenAI fined for copyright breaches, China’s emissions stay flat and UK grocery inflation eases
Visa and Mastercard reach new $38bn settlement over swipe fees
Visa and Mastercard's revised settlement, if accepted, will reduce swipe fees and offer flexibility
By Jonathan Stempel
