Khaled Ayoub

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

China’s Factory Activity Surges to One-Year High in March Amidst Global Disruptions

China's factory activity surged to a one-year high in March, with the manufacturing PMI reaching 50.4, signaling a robust rebound driven by increased production and export orders, despite global economic headwinds.

Chery Gears Up for South African Production by 2027

Chinese automaker Chery plans to start production at its newly acquired South African plant by the end of 2027, focusing on electrified vehicles and aiming to boost local employment and exports.

Henkel Seals $1.4 Billion Deal to Acquire Haircare Innovator Olaplex

Henkel announces $1.4 billion acquisition of Olaplex, aiming to boost its premium haircare portfolio and expand Olaplex's global reach. Learn more about the strategic deal.

Uber Elevates Travel Game: Acquires Luxury Chauffeur Service Blacklane

Uber Technologies acquires Blacklane, a global chauffeur service, to expand its luxury and executive travel offerings and enhance its premium mobility solutions worldwide.

Tencent Weaves AI Agents into WeChat’s Fabric, Igniting China’s Fierce AI Competition

Tencent integrates OpenClaw AI agent into WeChat, enhancing its AI strategy amidst intense competition in China's technology sector.

Euro Zone Growth Falters Amidst War-Fueled Inflation and Stagflation Fears

Eurozone growth stalls as Middle East conflict fuels inflation and stagflation fears, impacting businesses and consumers.

Huawei’s New AI Chip Gains Traction with ByteDance and Alibaba Amidst Nvidia Restrictions

Huawei's new Ascend 950PR AI chip is gaining significant orders from ByteDance and Alibaba, challenging Nvidia's market share amidst U.S. export restrictions.

SoftBank Secures Massive $40 Billion Loan to Fuel OpenAI Investments and AI Ambitions

SoftBank secures a $40 billion bridge loan to significantly increase its investment in OpenAI and other AI initiatives, signaling a major commitment to the future of artificial intelligence.

Blackstone Makes Significant $250 Million Investment in UAE Payment Platform Amidst Regional Tensions

Blackstone invests $250 million in UAE payment and data intelligence platform ADGT, signaling confidence in the region despite geopolitical tensions.

Corebridge Financial and Equitable Holdings Forge $22 Billion Merger to Create Financial Services Powerhouse

Corebridge Financial and Equitable Holdings announce a $22 billion all-stock merger, creating a leading retirement, life, wealth, and asset management company with over 12 million customers and $1.5 trillion in assets.

Pulmatrix and Eos SENOLYTIX Unite to Pioneer Anti-Aging Therapies Targeting Mitochondrial Health

Pulmatrix and Eos SENOLYTIX announce a merger agreement to create Eos SENOLYTIX, Inc., a company focused on advancing novel mitochondrial therapies for age-related diseases like sarcopenia, backed by $19 million in financing.

Euro Zone Faces Stagflation Threat as Middle East Conflict Fuels Inflation and Stalls Growth

Euro zone economy faces stagflation risk as Middle East conflict impacts growth and inflation. Private-sector activity hits a 10-month low amid rising costs and declining consumer confidence.

Henkel Acquires Olaplex for $1.4 Billion in Strategic Haircare Deal

Henkel announces acquisition of Olaplex for $1.4 billion, strengthening its position in the premium haircare market. Details on deal terms, strategic rationale, and future operations.

ECB Signals Readiness for Rate Hikes Amid Inflation Fears Fueled by Iran Conflict

The ECB is considering interest rate hikes due to surging inflation, exacerbated by the Iran conflict. Learn about the key factors influencing the ECB's decision and market expectations.

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