If Apple (NASDAQ:AAPL) were to monetize advertising beyond the App Store, it could potentially be a $20bn business by 2026, according to BofA analyst Wamsi Mohan.Mohan said in a research note Thursday that advertising could be the "next driver" for Apple's services growth."Apple’s competitive advantage remains its large and captive installed base. Apple’s 1.8 billion installed devices lend themselves naturally to be conduits for advertisers to reach a large demographic. We estimate that if Apple were to monetize advertising beyond the App Store, it could potentially be a $20bn business by 2026, driving up the pace of Services growth back to the high teens vs. concerns of a permanent slowdown

Amazon has offered to halt online selling and marketing practices EU antitrust regulators regard as anti-competitive to try to end two investigations and avoid a possible hefty fine, ahead of EU rules that will target such methods from next year.The European Commission in 2020 charged Amazon (NASDAQ:AMZN) with using its size, power and data to push its own products and gain an unfair advantage over rival merchants that also use its platform.

Tesla (NASDAQ:TSLA) Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice.Tesla in a filing in federal court in Austin, Texas, where the company is based, said the workers who were terminated signed valid agreements to bring employment-related legal disputes in arbitration and to refrain from participating in class-action lawsuits.

Taiwanese semiconductor companies attach "great importance" to complying with the law, the island's government said on Saturday, signalling they would comply with new U.S. export controls that aim to hobble China's chip industry. The rules announced Friday by President Joe Biden's administration include a measure to cut China off from certain chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing's technological and military advances.Taiwan, a major chip producer, is home to Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and a major supplier to companies including Apple Inc (NASDAQ:AAPL). In a statement in response to the U.S. announcement, Taiwan's Economy Ministry said Taiwanese firms were law-abid

Apple (NASDAQ:AAPL) supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday.The Taiwanese company's new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will generate 30,000 local jobs, the Tuoi Tre newspaper said.Foxconn, formally called Hon Hai Precision Industry Co, and Kinh Bac City did not immediately respond to requests for comment.The move follows a report this week that Foxconn has started test production of the Apple Watch in northern Vietnam.Foxconn, which has been in Bac Giang for 15 years, has moved part of its iPad and AirPods production to Bac Giang's Quang Chau Industrial Park, Tuoi Tre

Since the official launch of AMAX#1 public mining at 08:58 (UTC+8) on August 28, 2022, users have been actively participating and the 5000APL tier mining pool reward was snapped up within 3 hours.The data shows that after the official launch of AMAX#1 mining pool, the mining rate presented a rapid growth momentum and remained in a high position, which indicates that users’ enthusiasm is running on fire and the Armonia ecology is greatly supported by their full engagement and positive prospect. Although this level of 5000APL mining pool rewards has been snapped up, there are still some Apple (NASDAQ:AAPL) and other levels of AMAX to be claimed.The total amount of AMAX#1 mining pool for the current period is 88,888 AMAX, distributed in mining pools of 5 tiers. The first tier pool is 100APL,

China's Geely Automobile Holdings (OTC:GELYF) and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault (EPA:RENA) plans to separate from its electric vehicle (EV) business, two sources close to the French carmaker said.But Renault's alliance partner, Japanese carmaker Nissan (OTC:NSANY), does not plan to take a stake in the combustion engine unit, the sources told Reuters.Renault and Geely declined to comment. Nissan did not immediately respond to a request for comment. The French carmaker is due to unveil this autumn plans for creating an EV-dedicated unit based in France and another one based abroad that will bring together all of its petrol and hybrid engine and transmissions production sites in Spain, Portugal, Turkey, Romania and Latin America.Renault i

Dell Technologies Inc joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings, sending its shares down 8% in extended trading on Thursday.Industry majors from Intel Corp (NASDAQ:INTC) to Lenovo Group (OTC:LNVGY) have warned of a slump in the personal computer market after a two-year boom during the pandemic, with research firm Gartner (NYSE:IT) estimating shipments would drop 9.5% in 2022.While Dell's enterprise-focused business has somewhat made up for the PC slowdown, company executives were cautious about the outlook for the unit that generates nearly half its revenue."There's caution around future hiring, trade-offs within their IT budgets given the macroeconomic uncertainty, customers

Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China's COVID 19-related shutdown disrupted its production and supply chain.The world's biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries.

EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against Qualcomm (NASDAQ:QCOM), people familiar with the matter said, in a major win for the U.S. chipmaker that ends a long-running saga.The Luxembourg-based General Court, Europe's second-highest, in its June judgment was scathing of the European Commission's handling of the case, saying procedural irregularities had affected Qualcomm's rights of defence.Judges also invalidated the Commission's analysis that payments made by Qualcomm to Apple (NASDAQ:AAPL) were anti-competitive because the regulator had not taken into account all the relevant facts.It would be very difficult for the EU competition watchdog to win on both counts in an appeal, the people familiar with the matter said.T

Profits at China's industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weighed on factory production and squeezed factory margins.Profits fell 6.5% from a year earlier, less than the 8.5% decline in April, according to data released by the National Bureau of Statistics (NBS) on Monday.

The Pentagon is considering paying for Elon Musk's Starlink satellite network in war-torn Ukraine, Politico reported on Monday, citing two U.S. officials involved in the discussions. The most likely source of funding would be the U.S. Department of Defense Ukraine Security Assistance Initiative, designed to support the country as it fights Russia, the report added. Musk had said on Friday that SpaceX could not indefinitely fund Starlink in Ukraine, but backtracked over the weekend to assert the rocket company would continue to fund the service in the country.He said in a tweet on Monday that SpaceX had already withdrawn its request for funding, an acknowledgement that such a request was made. A Pentagon spokesman said the Defense Department would not speculate on future security assistance

Japan's Honda Motor Co will build a new $4.4 billion lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd, the two companies said on Monday.Battery makers are looking to increase production in the U.S. where a shift toward electric vehicles (EV) could increase as the country implements stricter regulationThe location of the plant has not been finalised, the companies said, but two people briefed on the matter confirmed reports Honda is seriously considering Ohio, where Honda's main U.S. factory is located.The companies aim for annual production capacity of approximately 40 GWh with the batteries supplied exclusively to Honda facilities in North America to power Honda and Acura EV models.The pair are expected to establish a

President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had "promised to crack down on ocean carriers whose price hikes have hurt American families."

Japan’s core consumer inflation rose more than expected to a near eight-year peak in August, data showed on Tuesday, as heightened raw commodity costs and a depreciating yen continued to batter the economy with rising price pressures. The national core consumer price index, which excludes the price of fresh food but includes energy, rose 2.8% in August, compared to a 2.4% rise in July, data from the Statistics Bureau showed. The figure also came above estimates for growth of 2.7%.Overall nationwide CPI rose 3% in August, more than July’s reading of 2.6%, and also at an eight-year high.The reading marks the fifth straight month that inflation has trended above the Bank of Japan’s (BoJ) 2% annual target rate, and reflects continued headwinds for the world’s third-largest economy.The trend co

A former Apple Inc (NASDAQ:AAPL) engineer on Monday pleaded guilty to trade secret theft - one of two people accused of stealing trade secrets from the iPhone maker's nascent self-driving car program.U.S. federal prosecutors have alleged that Xiaolang Zhang downloaded the plan for a circuit board for Apple's self-driving after disclosing his intentions to work for a Chinese self-driving car startup and booking a last-minute flight to China.He was arrested at the San Jose airport after he passed through a security checkpoint.Xpeng (NYSE:XPEV) , the Chinese electric car maker Zhang joined after leaving Apple in 2018, said on its Twitter-like Sina (NASDAQ:SINA) Weibo (NASDAQ:WB) account on Tuesday that the company had no dispute with Apple over the issue and that it was not involved in Zhang'

Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar.The U.S. currency stands near a 20-year high against a basket of its peers and is up 15.1% in the past year, lifted by a hawkish Federal Reserve and investors seeking shelter from turbulent markets.A strong dollar can be a headwind for U.S. companies as it makes exporters’ products less competitive abroad and hurts multinationals that need to convert their foreign profits back into the U.S. currency.

China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a second month on Monday, reinforcing expectations that conditions will continue to stay loose to help the pandemic-hit economy. The People's Bank of China (PBOC) kept the rate on 500 billion yuan ($69.6 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.75%, unchanged from the previous operation.Monday's liquidity injection was to "keep banking system liquidity reasonably ample" and to "fully meet financial institutional demand," the PBOC said in an online statement. With the same amount of such loans maturing on Monday, the operation resulted in no injection or withdrawal of medium-term liquidity on a net basis from the bank

Hertz corrects its estimate in final paragraph to 1.8 million tonnes from 3.5 million)By David Shepardson and Joseph White(Reuters) -Rental car company Hertz Global Holdings (OTC:HTZGQ) plans to order up to 175,000 General Motors Co (NYSE:GM) electric vehicles over the next five years, its latest move toward zero-emission models.The multi-billion dollar, multi-year deal could be the first of many GM agreements to supply electric vehicles to rental car companies, said Steve Carlisle, the automaker's North American operations chief, on a conference call.It's an enormous first step," Carlisle said, adding that GM is in talks about similar deals with other rental car companies.GM shares fell more than 5% Tuesday afternoon following rival Ford Motor (NYSE:F) Co's warning late Monday that supply

Federal Reserve Chair Jerome Powell will be in the spotlight again this week when he testifies before Congress in the wake of the U.S. central bank's largest rate hike since 1994. Powell’s comments along with those of several other Fed officials set to speak during the week, will be closely watched as markets try to gauge the size of the expected rate hike at the Fed’s upcoming July meeting. The U.S. economic calendar is light but updates on the health of the housing market will be in focus amid signs of rapid cooling. European Central Bank President Christine Lagarde is to appear before the European Parliament on Monday and will face questions on the bank’s new crisis-fighting tool. Meanwhile, equity market volatility looks set to continue along with the rout in cryptos. Here’s what you n