Twitter shares plunged yesterday, a day after the technology website Recode reported that Alphabet’s Google and Disney would not bid for the social network and Apple was unlikely to be a suitor.

Apple is expected to cut production of its latest iPhone models by about 30% in the January-March quarter due to mounting inventories, the Nikkei reported, rattling the nerves of investors in the US giant’s Asian suppliers.

Intel has unveiled new manufacturing technology it said keeps it on track to launch a new generation of chips for smartphones and tablets as it rushes to catch up with Qualcomm and other rivals in the fast- growing mobile market.