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The US Department of Justice is probing NVIDIA (NVDA.O)’s roughly $13bn deal to acquire AI-model firm Hugging Face, sources said. The inquiry, part of broader regulatory scrutiny of the chipmaker, is assessing how the transaction could affect competi

2026-10-29

The US Department of Justice is probing NVIDIA (NVDA.O)’s roughly $13bn deal to acquire AI-model firm Hugging Face, sources said. The inquiry, part of broader regulatory scrutiny of the chipmaker, is assessing how the transaction could affect competition in the AI market. The DOJ’s separate, longer-running investigation into NVIDIA’s commercial practices remains underway. NVIDIA announced the deal in September and said it aims to protect the open-source community; developers use Hugging Face to share models and data, and NVIDIA has pledged to keep the platform open as part of the transaction.

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2026-10-28

Manila is negotiating oil storage arrangements with Saudi Arabia, Russia, the United States, Japan, Kuwait, the UAE and Australia to hedge against fuel-price spikes from a potential Iran conflict. The government plans to boost diesel- and gas-fired g

Manila is negotiating oil storage arrangements with Saudi Arabia, Russia, the United States, Japan, Kuwait, the UAE and Australia to hedge against fuel-price spikes from a potential Iran conflict. The government plans to boost diesel- and gas-fired generation to offset El Nifio-driven declines in hydro and solar output; hydro generation is expected to fall about 60% in 1H 2027 and solar about 20%. Manila will build its first state-owned storage tank in Bataan next year for a strategic petroleum reserve. Current fuel stocks cover roughly 55 days versus a 15-day minimum requirement; about 1 mln bbl are held in private facilities. The SPR will start at 1 mln bbl and expand annually toward a 60-day target, split roughly 50:50 between crude and refined products.
2026-10-29

Samsung Electronics: Mobile business revenue will decline in the fourth quarter compared to the third quarter.

Samsung Electronics: Mobile business revenue will decline in the fourth quarter compared to the third quarter.
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