Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

The company is offering a 38% wage increase over four years in its latest proposal. That is up from its original offer of 25%, which was overwhelmingly rejected by a union local representing machinists.

Find insight on Stellantis, A.P. Moeller-Maersk and more in the latest Market Talks covering the Auto and Transport sector.

Find insight on ING Groep, the U.S. housing market, Mastercard and more in the latest Market Talks covering Financial Services.

Find insight on oil prices, TotalEnergies and more in the latest Market Talks covering Energy and Utilities.

The European Commission, the EU’s executive arm, said it had opened formal proceedings against the Chinese e-commerce platform to assess whether it may have breached Europe’s digital services regulations.