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

Oil Jumps Nearly 4% as US and Iran Exchange Fresh Strikes

Crude climbed nearly 4% and the Dow fell on Monday after the US and Iran exchanged attacks for the first time since July.

Kalshi Permanently Bans George Santos Over Illegal Prediction-Market Trades

Prediction market platform Kalshi permanently banned former U.S. Rep. George Santos over trades regulators found manipulative, tied to a State of the Union

US Stock Futures Fall as Iran Strikes and Fed Rate Bets Rattle Traders

US stock futures dropped Monday as strikes on Iran and rising Fed rate-hike bets rattled traders, with Trump vowing further action against Tehran.

China Property Stocks Slide as New Presale Mortgage Rules Squeeze Developer Cash

China's central bank unveiled new housing presale rules requiring staged release of buyer funds, sending property stocks lower on developer funding concern

Aon Nears $17 Billion Deal for KKR-Backed Broker USI Insurance

Aon is nearing a roughly $17 billion agreement to acquire KKR-backed USI Insurance Services, one of the largest brokerage deals in years.

Sony Music, Warner Sue Anthropic Over Alleged Copyright Theft

Sony Music and Warner have sued Anthropic, alleging "blatant theft" of copyrighted lyrics used to train its Claude AI models as the firm eyes an IPO.

Qantas Shares Jump 4% on New Business Seats as Profit Hits Four-Year Low

Qantas shares rose 4% after unveiling new business-class seats, even as full-year profit fell to a four-year low on higher fuel costs.

Yen Hovers Near 160 as Oil Surge Pressures Asian Currencies

The yen hovered near 160 per dollar on Monday as an oil rally pushed investors toward safety, with Goldman saying carry trades will keep thriving.

Deutsche Bank Downgrades Novo Nordisk to Sell After 70% Stock Plunge

Deutsche Bank downgraded Novo Nordisk to sell on Thursday after the Ozempic maker's stock fell roughly 70% from its peak amid rising competition.

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

American Airlines Adds Seven International Routes on New XLR Jets for 2027

American Airlines will launch seven new international routes in 2027, using its Airbus A321XLR jets to link smaller European cities to Philadelphia and New

Nvidia Stock Climbs After Blockbuster Results Soothe AI Jitters

Nvidia shares rose Thursday after strong quarterly results and guidance eased AI demand worries, prompting Goldman Sachs and Citigroup to raise price targe

Okta Jumps 20%, CrowdStrike Surges 15% as AI Fuels Cyber Spending

Okta rose about 20% and CrowdStrike 15% on August 27 as AI-driven threats push companies to spend more on cybersecurity, lifting tech stocks.

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