Bloomberg Shares of Apple Inc. and some of its suppliers fell on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X. The Taipei-based Economic Daily News reported that Apple cut orders for its latest model, which went on sale last month, by more than 50 …

Bloomberg Samsung Electronics Co. has agreed to a deal to open a new space in London’s King’s Cross district which will serve as a showcase for its products and technology, two people with knowledge of the plan said. The technology giant is finalising details to lease the 20,000 square feet top floor of the under construction Coal Drops Yard mall, …

Bloomberg Having built an impressive lead in artificial intelligence, Canada is keen to do the same in driverless cars—specifically the lidar (laser radar) technology that lets these vehicles see where they’re going. The nation’s main contender is LeddarTech Inc. The Quebec City-based company makes solid-state technology it says is better and cheaper than earlier versions of lidar and sells it …

Bloomberg Rudolf Bohli, the activist hedge-fund manager pushing for a breakup of Credit Suisse Group AG, said he’s in talks with more than 150 potential investors with the goal of raising 1 billion francs ($1.02 billion) for his campaign. Bohli, whose firm RBR Capital Advisors AG currently manages about 250 million francs, said most of the potential backers he pitched …

Bloomberg Deutsche Bank AG was ordered to pay 14 Postbank shareholders a total of 48 million euros ($57 million) in a ruling that could lead to billions more in compensation for investors who argue the lender short-changed them in a 2010 takeover. The court in Cologne, Germany, backed the argument of shareholders who accepted the original offer, but dismissed suits …

Bloomberg Lloyds Banking Group Plc mugged shareholders when it got them to agree to the “catastrophic” HBOS deal at the height of the global financial crisis, a lawyer representing thousands of investors suing the bank said on the first day of a London trial. Senior executives “pursued a dangerous and value-destroying strategy” to push the deal through, Richard Hill, the …

Bloomberg Bitcoin soared to another milestone, as the digital currency breached $6,000 for the first time to put its gain in 2017 to more than 500 percent. As bitcoin continues climbing, Twitter users are speculating that the rise could be driven by everything from a cash shortage in Zimbabwe to an increase in margin trading. If one thing is for …

Reuters Riyad Bank, Saudi Arabia’s fourth-largest bank by assets, reported a 47.7 percent rise in third-quarter net profit, beating analysts’ forecasts as income from investments and fees and commission rose. The bank, which had reported flat or lower profits in nine of the last ten quarters, made $288 million in the three months to September 30, up from 729 million …

Bloomberg Wells Fargo & Co. said four employees in foreign-exchange trading left the bank and the former leader of the business accepted a new role, as the Wall Street Journal reported that regulators are investigating the unit. Simon Fowles, Bob Gotelli, Jed Guenther and Michael Schaufler are no longer with the San Francisco-based lender, Jessica Ong, a bank spokeswoman, said …

Bloomberg After a crucial week for the Bank of England (BOE), a November interest-rate increase no longer looks like a sure thing. Inflation may have hit 3 percent, but for some policy makers at the central bank, the domestic price pressures that justify raising now aren’t there. That view was backed up by data that showed wage growth slowing. Dave …