-6.1 C
Beijing
Wednesday, January 28, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

Foreign direct investment into China fell 9.5% in 2025, official data shows

BusinessForeign direct investment into China fell 9.5% in 2025, official data shows

Foreign direct investment into China fell 9.5% in 2025, according to official figures, underscoring continued pressure on foreign capital inflows as companies weigh economic uncertainty and geopolitical risk.

China’s Ministry of Commerce said total FDI reached 747.7 billion yuan ($107.38 billion) last year, down from 826.3 billion yuan in 2024. The figures were reported in a summary of the ministry data.

Despite the overall decline, investment from several countries rose sharply, including increases from Switzerland, the United Arab Emirates, and the United Kingdom, according to the same report.

The data adds to wider debate over how quickly foreign firms are adjusting China strategies, as Beijing continues to pitch stability and market access while also increasing emphasis on national security and domestic self-reliance.

Check out our other content

Check out other tags:

Most Popular Articles