Business

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

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.

US Diesel Hits Record $6.29 a Gallon as Supply Disruptions Squeeze Markets

US diesel reached a record $6.29 per gallon this week as global supply disruptions and low refining capacity squeezed fuel markets.

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.

US Judge Signals Rejection of Part of TikTok’s $400 Million Privacy Deal

A US judge indicated on Friday he would reject part of TikTok and ByteDance's $400 million children's privacy settlement, scheduling a hearing for Monday.

Fed Knew Silicon Valley Bank Was Vulnerable a Year Before Collapse, Report Finds

An outside review says Fed staff spotted Silicon Valley Bank's flaws a year before its March 2023 collapse but held back for fear of being wrong.

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.

Anthropic Releases Three Metrics to Track the Pace of AI Development

Anthropic published three metrics on Thursday covering AI-led R&D, agent oversight and compute allocation to help monitor AI development pace.

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.

GM Unveils Two New V-8 Engines for 2027 Silverado and Sierra Pickups

General Motors revealed two new V-8 engines for its 2027 Silverado and Sierra pickups, doubling down on gas and diesel power as EV demand stays weak.

Applied Digital Stock Sits Near 52-Week Low as $5 Billion Debt Weighs

Applied Digital shares trade near a 52-week low after a 50% drop, weighed down by $5 billion in debt as it builds AI data centers with a $36 billion backlo

SEC Clears Tokenized US Stocks With Five-Year Trading Exemption

The SEC issued an order Thursday creating a five-year Innovation Exemption for tokenized U.S. stocks, with rules on voting rights and company consent.

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