Aarav Shen

Aarav Shen covers world news and global markets for Beijing Times, reporting on geopolitics, economic policy, and the forces shaping international affairs.

Climate Change Emerges as New Risk Factor in Mortgage Lending

Lenders are now factoring climate change into mortgage evaluations, adding a new layer of scrutiny to a borrower's financial profile. As extreme weather events...

Novo Nordisk CEO Exit Marks Strategic Crossroads in Weight Loss Drug Battle

Novo Nordisk has announced a sudden leadership change, replacing CEO Lars Fruergaard Jørgensen as it faces mounting pressure in the weight loss drug market....

U.S. Mortgage Rates Surge Past 7% After Credit Downgrade

After several weeks of relative stability, mortgage rates in the U.S. jumped on Monday, triggered by Moody’s downgrade of the U.S. credit rating late...

Wynn Resorts Withdraws from New York Casino Bid Amid Prolonged Challenges

Wynn Resorts has officially withdrawn from its efforts to secure a casino license in New York, ending a years-long bid to develop a luxury...

USTA Launches $800 Million Plan to Modernize U.S. Open Facilities

The United States Tennis Association revealed plans on Monday for an $800 million investment to transform the infrastructure supporting the U.S. Open, marking the...

Jamie Dimon Warns of Market Complacency Amid Rising U.S. Economic Risks

JPMorgan Chase CEO Jamie Dimon issued a strong warning Monday about the risks posed by mounting U.S. deficits, global trade tensions, and what he...

CBS News CEO Wendy McMahon Resigns Amid Tensions with Paramount Global

CBS News CEO Wendy McMahon announced her resignation on Monday, marking a dramatic shift in the ongoing internal conflict between CBS News and its...

Manus AI Opens to the Public Amid Growing Competition and New Funding

Manus AI, a rapidly emerging general-purpose AI agent, has opened its registration to the public, moving away from its previous wait-list system. This change...

Concerns Raised Over DeepSeek AI in Chinese Hospitals Amid Safety and Privacy Risks

A group of researchers in China has expressed concerns over the rapid adoption of DeepSeek’s artificial intelligence models in hospitals, citing significant risks to...

Shenzhen Launches 5 Billion Yuan Fund to Boost Semiconductor Industry amid Geopolitical Tensions

Shenzhen, a major technology hub in southern China, has launched a dedicated semiconductor industry fund worth 5 billion yuan (approximately US$692.5 million) to bolster...

China Expands Financial Opening with Nansha as New Financial Hub in Greater Bay Area

China has introduced new measures to develop Nansha, located in the southern Guangdong province, into a financial pilot zone. This move makes Nansha the...

Foxconn Reports Strong Q1 Profit Surge, but Offers Conservative Full-Year Outlook

Foxconn, the world's largest contract electronics manufacturer, reported a significant 91% increase in its first-quarter profit, driven by strong demand for artificial intelligence (AI)...

Global Shares Surge as US and China Reach Trade Deal, Gold and Safe-Havens Decline

Global stocks soared on Monday, while gold and safe-haven currencies dropped against a strengthening dollar, following an agreement between the US and China to...

Hong Kong Aims to Become a Hub for Multifamily Offices to Boost Economy

Hong Kong should focus on becoming a leading hub for multifamily offices to improve its economy and global reputation, as these entities hold more...

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