Aarav Shen

Aarav Shen is an esteemed journalist with over 15 years of experience reporting on business, finance, and economics. With a rich background that spans from Southeast Asia to the heart of Wall Street, Aarav offers a piercing global perspective on market dynamics and economic policy. His work, recognized for its depth and clarity, has shaped international dialogue, making him a trusted voice in a complex industry. Currently based in Hong Kong, he distills intricate financial trends into compelling narratives for a worldwide audience.

Nike’s Shares Plunge as Company Cuts Guidance and Faces Slowing Sales

Nike's shares plummeted by 11% after the company cut its full-year guidance, anticipating a 10% drop in sales for the current quarter, significantly below...

Chinese Firms Rapidly Adopt AI with Surge in Contracts for Large Language Models

Large Chinese firms have significantly ramped up their adoption of artificial intelligence (AI) this year, with a notable increase in contracts related to large...

Oracle Warns of Potential Revenue Impact from New Law Banning TikTok in the U.S.

Oracle has alerted investors to potential financial repercussions following the introduction of a new U.S. law that could ban TikTok unless its China-based owners...

Shanghai Henlius Biotech Shares Surge on Fosun Pharma’s $690 Million Privatization Offer

Shanghai Henlius Biotech, listed in Hong Kong, saw its shares surge 18.9% to a two-year high following an announcement that Fosun Pharma has offered...

Shareholder Support for SoftBank CEO Masayoshi Son Drops Amid Performance Concerns

Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has significantly declined to 79.22%, down from 95.93% a year ago. This...

China’s Premier Defends Green Technology Advancements Amid U.S. and EU Trade Accusations

China’s Premier Li Qiang addressed accusations from the U.S. and EU regarding unfair subsidies and market flooding with cheap green technologies during his speech...

Target Partners with Shopify to Expand Online Marketplace with Trendy Brands

Target has announced a collaboration with Shopify to bring new and trendy brands to its website, starting Monday. This partnership allows companies working with...

Paramount Global Increases Paramount+ Subscription Prices to Boost Business Turnaround

Paramount Global is raising the prices of its flagship streaming service, Paramount+, in an effort to turn around its business. Starting August 20, the...

Ferrari CEO Discusses Upcoming All-Electric Model and Future of the Brand

Ferrari’s all-electric model is over a year from launch, but early tests suggest it retains the signature driving traits and emotional impact of a...

Novo Nordisk Invests $4.1 Billion in New U.S. Plant to Boost Supply of Wegovy and Ozempic

Novo Nordisk announced plans to invest $4.1 billion in constructing a new manufacturing plant in Clayton, North Carolina. This initiative aims to enhance the...

Shein Eyes London IPO Amid U.S. Backlash Over Forced Labor Concerns

Shein, the fast fashion giant with strong ties to China, has confidentially filed for a public listing in London, according to a source familiar...

Oil Prices Edge Down Amid Dollar Strength and Interest Rate Concerns

Oil prices saw a slight decline on Monday due to renewed concerns over prolonged higher interest rates, which strengthened the dollar, balancing the support...

EU to Take Further Action Against Apple Over Digital Markets Act Compliance

The European Union is set to take further action against Apple on Monday in response to the company's compliance with the Digital Markets Act...

U.S. Prosecutors Recommend Criminal Charges Against Boeing Over 737 MAX Settlement Breach

U.S. prosecutors have recommended that senior Justice Department officials bring criminal charges against Boeing after determining the company violated a settlement related to two...

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