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

Rippling Hits $16.8 Billion Valuation After New Funding Round

Human resources software company Rippling announced a significant funding milestone, reaching a valuation of $16.8 billion in its latest fundraising round. The San Francisco-based...

Affirm Shares Drop After Weak Forecast Despite CEO’s Push for 0% Loans

Affirm shares dropped sharply on Friday after the fintech company released a weaker-than-expected revenue forecast and investors expressed concern over its increasing emphasis on...

Google Antitrust Trial Nears End as DOJ Pushes Major Search Remedies

The final days of Google’s antitrust remedies trial have shed light on the significant operational changes the company may be forced to make if...

Google Reaches $1.375 Billion Settlement with Texas Over Data Privacy Violations

Google has agreed to pay $1.375 billion to the state of Texas to resolve allegations that it violated the data privacy rights of its...

Omada Health Files for IPO Amid Digital Health Resurgence

Omada Health, a virtual care provider focused on chronic condition management, filed for an initial public offering on Friday, becoming one of the few...

Trump’s Crypto Ties Derail Stablecoin Legislation in Senate

President Donald Trump's personal involvement in cryptocurrency is creating significant obstacles for advancing federal legislation on stablecoins. This week, the Senate failed to pass...

ESPN Reveals Name and Details for Upcoming All-Access Streaming Service

After years of development and speculation, ESPN has officially settled on the name for its upcoming all-access streaming service: simply, “ESPN.” The name choice...

Multifamily Rental Market Stabilizes as Tenants Stay Put and Vacancy Drops

Renting has long offered flexibility and cost advantages over homeownership, especially in major urban areas. Typically, about half of apartment renters move when their...

FAA Reports Second Radar Outage at Newark as Modernization Plans Unveiled

Air traffic controllers at Newark Liberty International Airport experienced another radar and communication outage early Friday morning, losing contact with aircraft for approximately 90...

Ultra-Rare 1999 Platinum Rolex Daytona Set for $1.7M Auction at Sotheby’s

A rare and extraordinary Rolex is set to draw global attention as it heads to auction this Sunday at Sotheby’s in Geneva. This 1999...

Chinese EV Makers Eye South Korea for Growth Amid Competition with Hyundai and Kia

Chinese electric vehicle (EV) makers, led by BYD, are targeting South Korea as a key market for growth, aiming to enhance profitability in the...

Strong IPO Performance in Hong Kong Boosted by Capital Inflows and Investor Confidence

Strong investor enthusiasm and substantial capital inflows have resulted in exceptional initial public offering (IPO) performances in Hong Kong this year. Auntea Jenny, a...

Lower Hong Kong Interbank Rates to Boost Mortgage Borrowers and Property Market

A sharp decline in Hong Kong's interbank offered rates (Hibor) is expected to benefit mortgage borrowers and companies, potentially boosting the city’s property market...

Mainland China Firms Turn to Hong Kong for Share Offerings Amid Strong Market Conditions

Mainland China-listed companies are increasingly turning to Hong Kong for new share offerings, spurred by attractive valuations, strong liquidity, and supportive regulatory policies. A...

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