Companies

Starbucks Seals Deal with Boyu Capital, Eyes Massive China Expansion

Starbucks finalizes a major deal with Boyu Capital, transferring control of its China operations and setting sights on expanding its store count to 20,000 locations.

Tesla China Sales Surge in March, Marking Fifth Consecutive Month of Growth

Tesla's China-made electric vehicle sales experienced an 8.7% year-over-year increase in March, marking the fifth consecutive month of growth and highlighting the company's resilience in a competitive market.

China Bolsters Digital Yuan Reach: 12 New Banks Join E-CNY Network

China expands its digital yuan program by adding 12 new banks, increasing the total number of authorized operators to 22. The move aims to boost adoption and accessibility of the e-CNY.

Geopolitical Tensions and Market Jitters Force Global Companies, Including Visma, to Postpone IPO Plans

Global companies, including Visma, are delaying IPOs due to Middle East conflict and market volatility, impacting various sectors and startups worldwide.

China Orders Refiners To Sustain Fuel Output As Middle East War Disrupts Oil Flows

China has instructed independent oil refiners to maintain fuel production at last year’s levels, even if it means operating at a loss, to ensure domestic supply amid war-driven oil disruptions and surging prices.

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.

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.

USA Rare Earth surges after $1.6B federal deal boosts US supply chain push

USA Rare Earth shares jumped after the US backed a $1.6 billion funding package to build a Texas mine and US magnet facility, boosting Washington’s push to reduce dependence on China.

China’s Sinochem moves to ease Pirelli standoff as US expansion faces scrutiny

Sinochem has proposed a “structured solution” to resolve a governance dispute at Pirelli, as Camfin increases its stake and Italy weighs intervention under golden power rules.

Ryanair profits slide after Italy fine, but airline lifts fare outlook on strong demand

Ryanair reported a sharp quarterly profit decline after taking an €85 million charge tied to an Italian antitrust fine, but the airline upgraded its fare outlook and forecast higher full-year profit on strong demand.

China’s LandSpace pushes ahead with up to $1B+ IPO to fund reusable rockets

China’s private rocket maker LandSpace is pushing ahead with a major IPO as the exchange reviews its application, aiming to raise around $1 billion or more to expand reusable rocket technology and production.

China deepens scrutiny of Meta’s $2B Manus acquisition in rare regulatory escalation

China has expanded its review of Meta’s $2 billion acquisition of AI startup Manus, widening scrutiny beyond national security to include financial and compliance checks that could force changes to the deal.

Apple Reportedly Eyes Intel Partnership for Future iPhone Chips

Apple is reportedly considering a partnership with Intel to manufacture some future iPhone chips, aiming to diversify its supply chain and reduce reliance on TSMC. Reports suggest Intel would act as a foundry for Apple-designed processors, potentially starting in 2028.

Intel Stock Tumbles as Manufacturing Woes Overshadow Earnings

Intel's stock plummets after weak Q4 earnings and a disappointing outlook, citing manufacturing and supply chain issues that hinder its ability to meet AI data center demand.

Kuaishou’s Kling AI tops 12 million monthly users as revenue surges

Kuaishou’s Kling AI has reportedly surpassed 12 million monthly active users as the AI video platform’s revenue climbs, pushing its annualized run rate toward $240 million.

Elon Musk and Ryanair CEO in Public Feud: Musk Jokes About Buying Airline

Explore the public feud between Elon Musk and Ryanair CEO Michael O'Leary, including insults, a "Big Idiot Seat Sale," and Musk's jokes about buying the airline.

Paramount Courts French President Macron in Bid for Warner Bros. Discovery

Paramount Skydance executives met with French President Emmanuel Macron and UK officials as part of a European push to gain support for its $108.4 billion bid for Warner Bros. Discovery, while preparing for a proxy fight against Netflix.

Disney CEO Bob Iger Reaffirms Commitment to China Market During Beijing Visit

Disney CEO Bob Iger met with Chinese Vice Premier Ding Xuexiang in Beijing, signaling a continued commitment to the significant Chinese market. The meeting,...

Alibaba’s Amap Unveils AI-Driven 3D Virtual Tours, Shaping the Future of Digital Maps

Alibaba Group’s mapping unit, Amap (AutoNavi), has introduced an innovative AI feature allowing users to experience immersive 3D virtual tours of restaurants and offline...

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