Business

Hong Kong Finance Chief Says More Central Asian State Firms Plan Listings

Hong Kong Financial Secretary Paul Chan says more Central Asian state firms plan to list in the city as it expands Belt and Road market support.

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

10-Year Treasury Yield Breaks Out, Rattling Stocks and Testing Bessent

The 10-year Treasury yield has broken higher, pressuring stocks and raising the prospect of 5% as government borrowing and inflation weigh on markets.

Trump’s MAGA Inc. Spends $10 Million on Texas Senate Ad Blitz

MAGA, Inc. reported spending $10 million on ads in the Texas Senate race, its first major midterm outlay, pitting Ken Paxton against James Talarico.

Trump Presses Apple to Rename Lake Ontario ‘Lake America’ on Maps

U.S. Interior Secretary says Apple may change 'Lake Ontario' to 'Lake America' on its maps after Trump talk, following Google's switch for U.S. users.

United Airlines Maintains Outlook, Offers Recession Contingency Plan Amid Travel Shifts

United Airlines reaffirmed its full-year forecast but also introduced an alternate outlook to account for the possibility of a recession, reflecting broader uncertainty in...

China’s EV Giants Bet on Flying Cars, Robotaxis, and Smart Tech

Chinese companies are pushing the boundaries of future transportation, with major investments in flying cars, robotaxis, and advanced vehicle technology. As competition in the...

Google Assures Chinese Developers of Continued Android Open Source Access

Google has moved to reassure developers in China that its Android operating system will remain open source, following concerns sparked by changes to its...

Chinese Investors Maintain Confidence in Tech Stocks Despite Market Correction

A recent correction in technology stocks is unlikely to diminish Chinese investors’ confidence, as they remain focused on long-term growth and Beijing’s commitment to...

Hong Kong Art Auctions Hit Six-Year Low Despite Market Optimism

The combined sales from two major Hong Kong auctions over the weekend reached their lowest level in more than six years, highlighting ongoing challenges...

AI Chatbots Transform Rural Life in China with Farming and Livelihood Solutions

China’s vast countryside is witnessing a technological shift as rural residents increasingly turn to AI chatbots for practical advice on farming, pest control, and...

Stellantis to Continue Buying CO2 Credits from Tesla in 2025 to Meet EU Targets

Stellantis will continue purchasing CO2 credits from a compliance pool led by Tesla in 2025 to meet European Union emissions reduction requirements. Despite the...

Poste Italiane Acquires 15% Stake in TIM, Becoming Main Shareholder

Poste Italiane has finalized an agreement to acquire a 15% stake in Telecom Italia (TIM) from Vivendi, strengthening its position as the main shareholder...

Berlin’s Transformation: From Bohemian Haven to Economic Powerhouse

Once the epicenter of Berlin’s alternative art scene, the Art House Tacheles symbolized the city’s bohemian charm, attracting artists and musicians after the fall...

The Art of Foley: How Gary Hecker Brings Hollywood’s Sounds to Life

In a small studio on the Sony Pictures lot, Gary Hecker creates sound magic for some of Hollywood’s biggest films, from Justice League to...

Novo Nordisk’s Rybelsus Shows Cardiovascular Benefits in Late-Stage Trial

Novo Nordisk’s diabetes pill Rybelsus has demonstrated significant cardiovascular benefits in a late-stage trial, potentially broadening its therapeutic scope. The study revealed a 14%...

Ubisoft’s Volatile Stock Moves Amid Tencent Investment and Game Subsidiary Spin-off

Ubisoft shares experienced significant volatility on Friday following the company's announcement that it is forming a new gaming subsidiary. This move comes after the...

CoreWeave Debuts on Nasdaq with $1.5 Billion IPO

CoreWeave made its debut on the Nasdaq on Friday, with its stock opening at $39 and closing at $40, after the company sold shares...

AppLovin CEO Responds to Short-Selling Allegations from Muddy Waters Research

AppLovin CEO Adam Foroughi responded to new short-selling allegations from Muddy Waters Research after the company’s stock experienced its largest drop on record on...

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