News – Page 56

Arts and Entertainment Assistive Technology Semiconductors

ASML Sees AI-Driven Orders Surge Amid China Sales Decline Forecast

ASML Holding, the leading chip equipment maker, has exceeded Q3 order estimates amid booming AI investments. However, the company anticipates Chinese sales to drop significantly next year following export restrictions. Shares rose 3.2% following the positive earnings report.

AI Investment Boom Drives ASML Performance

ASML Holding, the world’s largest supplier of computer chip-making equipment, has reportedly beaten third-quarter order estimates as the global rush toward artificial intelligence continues to drive demand, according to recent financial reports. The company’s net bookings reached 5.40 billion euros ($6.27 billion), surpassing analyst expectations of 5.36 billion euros.

by Tyler Brooks P.EOctober 16, 2025

Assistive Technology Software Guides

Ollama Expands GPU Support With Experimental Vulkan Backend For AMD and Intel Hardware

The popular AI framework Ollama has introduced experimental Vulkan support, significantly expanding GPU compatibility beyond NVIDIA hardware. This development could enable broader AI acceleration across diverse hardware configurations, particularly benefiting users of AMD and Intel graphics solutions on Linux platforms.

Ollama Broadens AI Hardware Compatibility

The AI framework Ollama has rolled out experimental Vulkan support that reportedly expands GPU acceleration capabilities to a wider range of hardware, according to reports from industry sources. This development potentially enables enhanced AI inference performance across AMD and Intel graphics processors, moving beyond the traditional NVIDIA-centric approach that has dominated the AI acceleration landscape.

by Tyler Brooks P.EOctober 16, 2025

Cybersecurity Software Guides

Google Expands Android Security with Anti-Scam Features and Recovery Tools

Google has announced comprehensive new security features for Android users worldwide. The updates include scam link blocking in Messages, encrypted key verification tools, and enhanced account recovery options as phishing attacks become increasingly sophisticated.

Google Bolsters Android Defenses Against Evolving Scams

Google has launched a suite of new security features for Android users designed to combat increasingly sophisticated scam attempts, according to reports from the company’s safety team. The announcement comes as scammers have evolved beyond traditional tactics to employ advanced techniques including deepfakes and social engineering, sources indicate.

by Megan CarterOctober 16, 2025

Assistive Technology Business

Apple TV+ Rebrands to Apple TV as Streaming Service Simplifies Name

Apple has officially renamed its streaming service from Apple TV+ to Apple TV, according to senior executive Eddy Cue. The change reflects how users already referred to the service and comes as the platform establishes itself with award-winning content.

Apple Streaming Service Undergoes Name Change

Apple’s streaming service Apple TV+ has been officially renamed to Apple TV, according to reports from company executives. The decision, explained by Apple’s Eddy Cue, comes after years of users naturally referring to the service by the simpler name.

by Megan CarterOctober 16, 2025

Business

Wajax Corporation Announces CEO Succession Plan for 2026 Transition

Wajax Corporation has announced the initiation of a CEO succession process, with current President and CEO Iggy Domagalski continuing leadership during the transition. The board aims to identify a new CEO with experience aligned with Wajax’s next growth phase, with the search expected to conclude in early 2026.

Wajax Corporation Begins Leadership Transition Process

Canadian industrial products company Wajax Corporation has reportedly initiated a CEO succession process, according to company announcements. Sources indicate that current President and CEO Iggy Domagalski will continue leading the organization throughout the transition period, ensuring what analysts suggest will be a seamless handover of responsibilities.

by Megan CarterOctober 16, 2025

Economy and Trading Policy

UK Chancellor Faces £22bn Fiscal Shortfall as IFS Warns Against “Scrabble Bag” Approach

Chancellor Rachel Reeves must address a £22bn shortfall in UK public finances, according to Institute for Fiscal Studies forecasts. The analysis suggests significant tax increases or spending cuts will be needed to meet fiscal targets, with experts warning against relying on smaller measures.

Substantial Fiscal Challenge Emerges Ahead of Budget

Chancellor Rachel Reeves faces a significant £22bn hole in UK public finances that must be addressed in next month’s Budget, according to analysis from the influential Institute for Fiscal Studies. The think-tank’s forecasts indicate that without new tax increases or spending cuts, borrowing in 2029-2030 could be approximately £22bn higher than previously projected by the Office for Budget Responsibility.

by Tyler Brooks P.EOctober 16, 2025

International Business and Trade Policy

US Treasury Warns China Export Controls Could Force Global Decoupling, Trade Tensions Escalate

US Treasury Secretary Scott Bessent has warned that China’s sweeping new export controls on rare earths and critical minerals could force the world to decouple from Chinese supply chains. The warning comes as Beijing implements licensing requirements that could significantly impact global industries dependent on these strategic materials.

US Officials Warn of Forced Decoupling Over China Export Controls

US Treasury Secretary Scott Bessent has issued a stark warning to Beijing that its new sweeping export controls on rare earth elements and critical minerals could force the world to decouple from China, according to reports from the FirstFT newsletter. Bessent delivered the warning alongside US Trade Representative Jamieson Greer at a news conference, where he stated that “if China wants to be an unreliable partner to the world, then the world will have to decouple.”

by Ethan Reynolds PhDOctober 16, 2025

Arts and Entertainment Business

EY Reports 4% Revenue Growth as AI Consulting Offsets Deal Slowdown

EY has reported 4% annual revenue growth to $53.2 billion, with artificial intelligence consulting showing strong performance. The firm’s strategy and deal advisory business contracted amid global economic uncertainty, according to the financial report.

EY Posts Modest Revenue Growth Amid Shifting Business Landscape

Professional services firm EY has reported a 4% increase in annual global revenue, reaching $53.2 billion for the year ending June 2024, according to the company’s financial announcement. The growth reportedly came as artificial intelligence consulting work helped offset declines in the firm’s strategy and deal advisory segments.

by Megan CarterOctober 16, 2025