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AI chip giant Nvidia becomes world's first $5 trillion company
AI chip giant Nvidia becomes world's first $5 trillion company
by  AFP

AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors remain confident that artificial intelligence will deliver a new wave of innovation and growth. The eyewatering valuations linked to artificial intelligence also include OpenAI becoming the world's most valuable private company, currently valued at $500 billion.

Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
by  AFP

Boeing reported a $5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results. In 2020, Boeing booked a $6.5 billion charge on the 777X, citing the lengthy FAA certification process and the pushing back of demand from airlines for the jet due to Covid-19.

EU seeks 'urgent solutions' with China over chipmaker Nexperia
EU seeks 'urgent solutions' with China over chipmaker Nexperia
by  AFP

The EU said Wednesday it is seeking a swift resolution to a Chinese curb on chip exports linked to a row with the Netherlands over chipmaker Nexperia that has alarmed European businesses. "The aim is to find a swift resolution to this problem, which, as you rightly pointed out, is a serious one, and which has raised many concerns from European industry," Gill told reporters.

Spain's Santander bank posts record profit
Spain's Santander bank posts record profit
by  AFP

Spanish banking giant Santander reported record profits on Wednesday for the first nine months of 2025, buoyed by strong client growth and a solid performance in its key markets.

Mercedes-Benz reassures on Nexperia chips as profit plunges
Mercedes-Benz reassures on Nexperia chips as profit plunges
by  AFP

German premium carmaker Mercedes-Benz sought to reassure investors Wednesday over a feared shortage of microchips as it reported plunging third-quarter profits. For the third quarter, Mercedes reported a 30.8-percent plunge in net profit to 1.19 billion euros ($1.38 billion), dragged down by US President Donald Trump's tariff blitz as well as slumping sales in China.