A California District Court judge's ruling on Epic Games's antitrust lawsuit against Apple Inc could deal a major blow to Apple Inc's lucrative App Store business.The judge said Apple Inc would no longer be allowed to ban App developers from providing links or other means of communication that guide users to bypass intra-app payments. The ban settles long-standing complaints from developers and increases the possibility that they may redirect their users to their third-party websites to subscribe to or buy digital content, which is bad for Apple Inc's App Store sales. Apple Inc shares closed down 3.31% on Friday, the biggest drop since may, wiping out more than $80 billion a day from market value.

Lenovo Group Limited will invest a total of 8.7 billion US dollars in R & D in the next three years, double the previous actual R & D investment, and will speed up the research and development of artificial intelligence (AI) to improve manufacturing production and sales efficiency.Lenovo will move away from its product-based business model, including making full use of AI's services, to a two-wheel-drive growth strategy. Lenovo has adopted the independently developed artificial intelligence platform "Lenovo brain" in order to produce and sell personal computers efficiently. As the technology is further honed, it will be provided to external enterprises as part of the service.

Intel Corp (Intel) announced the appointment of Ms. Wang Rui as Senior Vice President of Intel Corp and Chairman of Intel Corp China, with full leadership of all operations and teams of Intel Corp in China.Mr. Yang Xu, former president of Intel Corp China, will officially retire at the end of this year. Wang Ruicong has been with Intel Corp for 27 years. Previously, Wang Rui has held senior management positions in the United States, China, India, Malaysia, Israel and other countries, and has international management experience of diversified talents. Before he was promoted to chairman of China, Wang Rui mainly served as Intel Corp's global vice president and general manager of China Marketing Group.

Facebook Inc unveiled its first smart glasses on Thursday, in partnership with Ray-Ban maker EssilorLuxottica, which allows wearers to listen to music, answer phone calls, take photos or short videos and share them among Facebook Inc's services through a matching app.The glasses line, called "Ray-Ban Stories", starts at $299. Major technology companies such as Amazon.Com Inc, Alphabet Inc-CL C, Microsoft Corp, Apple Inc and Snap Inc have competed to develop a variety of smart glasses products, but it turns out that early products such as Alphabet Inc-CL C glasses are difficult for consumers to buy because of high prices and design problems.

Ximalaya, China's largest online audio platform, said on Thursday it had decided not to press ahead with plans for an initial public offering (IPO) in the US.Himalaya submitted its IPO plan in April, hoping to profit from growing demand. During the COVID-19 epidemic, more and more people listened to podcasts at home. Behind the Himalayas are Tencent, XIAOMI and Baidu, Inc., as well as Sony Group Corp Music Entertainment Company. Himalayas may file for an initial public offering (IPO) in Hong Kong next week and plan to complete the Hong Kong listing by the end of the year.

Fidelity Investment once again lowered Ant Group's valuation, from $144 billion in February this year to $78 billion at the end of June.It is at least the second time this year that the company has reduced the valuation of ants, while Ant Group was valued at $235 billion on the eve of the suspension of listing plans in November. Another document showed that Fidelity Investment was likely to reduce Ant Group's valuation to $67 billion, although it could not tell from the documents whether it reflected the fall in valuations or a change in the size of fund holdings.

Global production in September and October will be about 400000 vehicles lower than planned, Toyota Motor Corp (Toyota Motor) announced on the 10th.Toyota has been forced to cut production by 360000 vehicles against the backdrop of parts procurement difficulties and a global shortage of semiconductors caused by the COVID-19 epidemic in Southeast Asia. Production for the whole year of 2021 is also expected to fall by 3 per cent to 9 million vehicles from the initial 9.3 million vehicles. Toyota originally planned to produce 880000 vehicles in October and will cut production by 330000 vehicles, or about 40%. In September, it was planned to cut production by 360000 vehicles, with an additional reduction of 70, 000 vehicles.

German auto parts manufacturer ZF CEO Shaidler said at the German International Auto and Smart Travel Expo in Munich a few days ago that the superposition of multiple uncertainties is the "biggest uncertainty" facing the auto industry, including the COVID-19 epidemic, strict carbon emission standards, and the impact of geopolitics on the supply chain.The cumulative superposition of these risks is rare in the past 30 years. He said that the lack of chip supply directly affects the production of automotive electronic products, and the suspension of production by downstream customers due to chip shortage will affect the orders of upstream enterprises. He predicted that the problem of "lack of core" in the auto industry will run through this year and next, and is expected to be alleviated by the end of next year.

Toshiba will close production bases such as industrial motors in Dalian at the end of September. Toshiba Dalian, a local legal person, will start the process of dissolution and liquidation after October.The base is the first Chinese production base of Toshiba Group. Toshiba will close production bases such as industrial motors and television transmitters and will make them in Vietnam and Japan instead. Toshiba still has production bases for railway parts and elevators in Dalian and China and will maintain operations.

KUREHA, a Japanese chemicals company, will double the annual production capacity of polyvinylidene fluoride resin used as cathode materials for automotive lithium-ion batteries to 21000 tonnes.Wu Yu will build a new factory in China in the summer of 2024. Wu Yu currently produces polyvinylidene fluoride resin in Iwaki City, Fukushima Prefecture and two bases in Jiangsu Province, China. The new factory is planned to be built near the existing factory in China. The new plant will operate at full capacity by 2026 at the earliest, with a capacity of about 10,000 tons. Wu Yu, who has 40 per cent of the world's share of polyvinylidene fluoride resin, will fight for strong demand from pure electric vehicles (EV) in China and Europe.

To meet the growing demand for biopharmaceuticals, Cytiva has announced a global investment of US $1.5 billion to further expand production capacity and boost the long-term development of the biopharmaceutical industry.As an important pillar of this investment plan, Cytiva will further deepen its concept of "foothold in China and serve China", expand the production line of bioprocess disposable materials in cooperation with Weigao Pharmaceutical, unveil Cytiva Asia's first center of excellence in technology R & D in Shanghai, and comprehensively upgrade Cytiva Biotechnology Development and training Center (Fast Trak) to promote domestic R & D and personnel training of biotechnology consumables with leading global technical standards.

Sea, Southeast Asia's largest listed company by market capitalization, plans to raise about $6 billion or more in new capital to capitalise on investor enthusiasm for the region's fast-growing technology industry.Sea is a company that integrates gaming, e-commerce and digital financial services, and has received investment from Tencent. Sea said it would raise money through the issuance of new shares and convertible bonds, some of which would be used for business expansion and could also be used for potential strategic investments and acquisitions. Sea's Shopee is the largest e-commerce platform in Southeast Asia and Taiwan. Shopee competes with Lazada and other platforms owned by BABA Group.

Reckitt Benckiser announced on Sept. 10 that the sale of China's infant nutrition (IFCN) business to Chunhua Capital has been officially completed.Mead Johnson China Business Group announced the choice of the new president, Zhu Dingping, the former head of infant nutrition of Jianhe Group. On June 6, 2021, Reckitt Group announced that it would sell its infant formula and nutrition business in China to Chunhua Capital for US $2.2 billion. Reckitt will retain an 8 per cent stake in the business after the deal is completed. By September 9, the two sides had completed the delivery, and Mead Johnson China Business Group began to operate independently and became a local Chinese company.

Us fast food giant Burger King announced on Thursday that it will permanently ban the addition of 120 artificial ingredients to its US food menu and will launch a $6 "Keep it Real Meals" package starting Sept. 12.Burger King's "real stuff" package is selected by some celebrities and named after them.

Us airlines warned on Thursday that a new outbreak would hit profits in the coming months as the recovery in air travel was disrupted by the spread of the Delta mutated virus.Several leading US airlines say new passenger bookings have slowed in recent weeks while cancellations have increased, darkening their profit prospects.

Global trade disruptions have led to soaring shipping costs. Under pressure from some customers and regulators, CMA CGM SA, the world's third-largest container carrier, said it would cap spot freight rates over the next five months.The decision will last until February 1 next year. Dafei said that in the face of an unprecedented situation in the shipping industry, it will give priority to its long-term relationship with its customers. The cost of transporting a 40-foot container from Shanghai to Los Angeles reached $11569 in the past week, almost eight times its pre-epidemic level, according to the Drury World Container Index (Drewry World container Index).

Beijing-based office operator Soho China said Blackstone Group Inc decided not to press ahead with its $3 billion takeover offer.In other words, Soho China's second attempt to sell itself failed. In June, Blackstone Group Inc proposed to buy Soho China for no more than 23.7 billion Hong Kong dollars (US $3 billion). Soho China has been seen as an acquisition target since early 2020 because it lacks new assets and falling office rents in China's major cities are putting increasing pressure on its profits.