Khaled Ayoub

Khaled Ayoub covers business and finance for Beijing Times, reporting on markets, companies, and the economic developments driving the global economy.

Author's Latest

China Controls 90% of Rare Earths as Trump-Xi Summit Nears

China controls 90% of rare earths as Trump and Xi prepare to meet Thursday, with export restrictions hanging over the talks.

Cato Corporation to Close 120 Stores After Second-Quarter Profit Falls

Cato Corporation will close about 120 stores after second-quarter net income fell to $1.1 million and sales dropped 6% year over year.

Researchers Ethically Hack OpenAI Using Anthropic’s Claude, Win $6,500 Bounty

Hacktron AI compromised OpenAI staff ChatGPT accounts using Anthropic's Claude and OpenAI's GPT-5.6 Sol, earning a $6,500 bounty under the bug programme.

China’s AI Models Earn 10% of OpenAI, Anthropic Revenue at $10.7 Billion

Chinese AI developers generated $10.7 billion in annual recurring revenue, about 10% of OpenAI and Anthropic combined, Rhodium Group said Thursday.

Warren Buffett Steps Down as Berkshire Chairman, Becomes Chairman Emeritus

Warren Buffett, 96, is stepping down as Berkshire Hathaway chairman, becoming chairman emeritus as son Howard takes over the role.

US Wholesale Prices Rose 0.4% in August, Lifting Treasury Yields Before Fed Meeting

US producer prices climbed 0.4% in August as expected, lifting Treasury yields before the Federal Reserve's rate decision next week.

Dow Slides 400 Points as US-Iran Strikes Push Oil to Six-Week High

The Dow slid roughly 400 points as renewed U.S.-Iran attacks pushed Brent crude to a six-week high, with energy shares leading a mixed Wall Street session.

Dow Futures Drop 300 Points as Oil Climbs and Fed Bets Rise

Dow futures dropped roughly 300 points Tuesday as climbing oil prices, Fed rate-hike bets and US-Canada trade tensions pressured Wall Street.

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Oil Surges Toward $100 After Fresh US-Iran Strikes Rattle Markets

Crude prices jumped Sunday after renewed US-Israeli strikes on Iran, lifting energy firms and banks while airlines and automakers absorbed higher fuel cost

Diesel Hits Record High as Refinery Outages Push Brent Toward $95

Diesel prices hit a record high as war-driven refinery outages in Russia and Iran push Brent crude toward $95 a barrel, reviving inflation worries.

China Rejects G20 Trade-Imbalance Claims, Rules Out Yuan Devaluation

China rejected G20 criticism of its export-driven growth in Asheville, with the central bank denying it pursues surpluses or plans to weaken the yuan.