Lynn Hatem

Lynn Hatem covers world news, culture, and lifestyle for Beijing Times, following the stories and trends shaping contemporary life around the globe.

Indonesia Quake Kills 54 on Flores, Leaving Thousands Awaiting Aid on Independence Day

A magnitude-7.7 earthquake on Indonesia's Flores island has killed at least 54 people, displacing thousands who remain without aid on Independence Day.

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

China Retail Sales Grow Just 0.6% in July as Investment Slump Deepens

China's retail sales rose just 0.6% in July, missing forecasts, while industrial output slowed and fixed-asset investment fell, underscoring economic weakn

Ferrari’s First Electric Car, the Luce, Sells for Record $40 Million

Ferrari's first fully electric car, the polarizing Luce, has sold for $40 million at auction, far exceeding its original $640,000 list price.

Wall Street Splits on Circle: TD Cowen Says Buy, Morgan Stanley Says Sell

TD Cowen initiated Circle at Buy while Morgan Stanley cut it to Underweight, exposing a deep Wall Street divide over the stablecoin issuer's valuation.

AstraZeneca Drops 7% on Report of $400 Billion Bristol Myers Merger Talks

AstraZeneca shares dropped 7% after reports of merger talks with Bristol Myers Squibb valuing the combined firm near $400 billion. Analysts question the fi

Hyperscaler Debt Rush Lifts Bond Yields as Investor Demand Cools

Heavy borrowing by cloud and data-center giants to fund AI infrastructure is pushing corporate bond yields higher as investor demand cools.

Humana Holds 2026 Profit Outlook at $9 Per Share, Disappointing Analysts

Humana beat quarterly estimates but kept its 2026 profit target at $9 per share, a level some analysts called disappointing as Medicare cost pressures pers

Cyclospora Outbreak Tied to Taco Bell Cuts US Lettuce Sales, Rattles Diners

A cyclospora outbreak tied to Taco Bell has cut US lettuce sales and kept diners away, overshadowing Yum Brands' quarterly earnings.

Bunge Beats Second-Quarter Profit Estimates on Strong Processing Margins

Bunge Global topped second-quarter profit forecasts as strong oilseed processing margins offset softer conditions across the grain-trading sector.

Toyota Doubles Quarterly Profit to $9.4 Billion on Weak Yen, US Demand

Toyota nearly doubled fiscal first-quarter profit to $9.4 billion on a weak yen and strong US and India demand, while lifting its full-year sales forecast.

Jefferies Downgrades Apple to Underperform as All-Glass iPhone Reportedly Canceled

Jefferies downgraded Apple to underperform after supply chain checks suggested the company scrapped plans for a premium all-glass iPhone.

Metro Bank Customer Battles for £14,000 Refund After AI Chatbot Fraud

A Metro Bank customer is battling to recover over £14,000 taken in a scam that used stolen funds to buy credits for the AI chatbot Claude.

Peter Thiel Buys 1% Stake in Argentina’s Vista Energy, Worth $118 Million

Billionaire Peter Thiel has acquired a roughly 1% stake worth $118 million in Argentine oil producer Vista Energy, operating in the Vaca Muerta shale basin

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