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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.

Companies

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.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Storm Chandra batters UK and Ireland with flooding, school closures and travel disruption

Storm Chandra brought heavy rain and strong winds to the UK and Ireland, triggering flooding, rescues, school closures, flight and ferry cancellations, and widespread power outages.

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.

Iranian Rial Plummets to Record Low Amidst Protests and Economic Strain

Iran's currency, the rial, hits a record low of 1.5 million against the US dollar amid ongoing protests and international pressure.

Haitian Machinery Inaugurates South China Headquarters to Drive Intelligent Manufacturing

Haitian Machinery has officially opened its new South China headquarters in Shunde District, Foshan City, marking a significant expansion and a key component of...

VENDLIFE: China’s Manufacturing Prowess Fuels Global Retail Revolution

VENDLIFE, a leading intelligent unmanned retail solutions provider from China, is at the forefront of transforming the global retail landscape. Leveraging its robust OEM...

Tech Giants Seal Landmark Hong Kong Office Deal Amidst Booming Real Estate Transactions

Alibaba and its affiliate Ant Group have finalized a significant acquisition of a prime office property in Hong Kong for $925 million. This substantial...

Alibaba’s MAI-UI Emerges as a New Leader in AI GUI Agents, Outperforming Gemini 2.5 Pro

Alibaba's Tongyi Lab has unveiled MAI-UI, a groundbreaking family of foundation GUI agents designed to revolutionize mobile interaction. These agents demonstrate superior performance in...

Alibaba Leverages AI to Challenge Meituan in China’s Local Services Arena

Alibaba Group Holding Ltd. is intensifying its competition with Meituan in China's lucrative local services market by rolling out a new AI-powered tool for...

Anta Sports Weighs Major Acquisition of Puma, Sparking Industry Buzz

Chinese sportswear giant Anta Sports Products is reportedly exploring a potential takeover of German athletic brand Puma. The move, if successful, would represent a...

Meta’s $2 Billion AI Acquisition: Manus Deal Signals Strategic Shift and China Exit

Meta has announced a blockbuster acquisition of AI startup Manus for over $2 billion, a move that underscores the tech giant's aggressive investment in...

Chinese AI Challenger Z.ai Aims for $560M IPO, Taking Aim at OpenAI’s Dominance

Chinese artificial intelligence powerhouse Z.ai has filed for an initial public offering on the Hong Kong Stock Exchange, seeking to raise approximately $560 million....

China’s Rocket Race Heats Up: iSpace Secures Major Funding Amidst Reusable Rocket Advancements

Chinese launch startup iSpace has announced a significant Series D+ funding round of $98 million, bolstering its development of the reusable Hyperbola-3 rocket. This...

Chinese AI Powerhouse MiniMax Aims for $600 Million IPO with Major Backing from Alibaba and Abu Dhabi

Chinese artificial intelligence startup MiniMax is gearing up for a significant initial public offering (IPO) in Hong Kong, aiming to raise over $600 million....

ABB’s Strategic Swedish Robotics Investment: A Reflection of Global Production Shifts

In a recent announcement, ABB, a leading Swiss engineering and technology group, revealed its decision to allocate a sum of $280 million to establish...

The Domino Effect of a Huawei Ban on Deutsche Bahn: Exploring the Economic, Security, and International Relations Implications

I. Introduction Germany's national railway operator, Deutsche Bahn, is confronting a potentially daunting scenario: replacing all components in its infrastructure provided by Chinese tech giant...

China Mobile to Establish Joint Laboratories to Drive Cloud Technology Innovation

China Mobile, one of China's largest telecom companies, has announced plans to accelerate the development of its cloud computing business. Over the past three...

Sonova Partners with Boao Lecheng to Improve Hearing Care in China

Switzerland-based Sonova Holding AG, the world's largest hearing care solutions provider, has announced its plans to expand its development in China as it pays...

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