Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

AfD Wins Saxony-Anhalt Vote With 44.5%, Doubling CDU’s Result

Germany's far-right AfD won the Saxony-Anhalt state election on Sunday with a projected 44.5%, more than double the CDU's 18.5%, exit polls indicated.

US Envoys Reach Kyiv After Moscow Talks, No Breakthrough Reported

US envoys Witkoff and Kushner arrived in Kyiv on Sunday after meeting Putin in Moscow, with the Kremlin calling talks useful but reporting no breakthrough.

Iran Says It Struck US Boat in Strait of Hormuz

Iran said Sunday it struck an unmanned US military boat in the Strait of Hormuz, the latest exchange after US strikes on Iranian tankers.

Isar Aerospace Sends First Commercial Rocket to Orbit From Europe

German startup Isar Aerospace launched the first commercial rocket to orbit from continental Europe on Sunday, planning rapid satellite-deployment expansio

Bitcoin Recovers to $97,000 Amid Market Volatility

Bitcoin hovered near $97,000 on Friday, regaining ground after dipping below $93,000 earlier in the day. The cryptocurrency experienced significant volatility as broader market...

Netflix Secures Exclusive Rights to FIFA Women’s World Cup for 2027 and 2031

Netflix announced on Friday that it has secured exclusive U.S. streaming rights for the FIFA Women’s World Cup in 2027 and 2031. This marks...

Party City Announces Nationwide Store Closures and Corporate Layoffs

Party City announced on Friday that it will close all its stores nationwide and begin corporate layoffs effective immediately. CEO Barry Litwin informed employees...

FDA Approves Zepbound for Obstructive Sleep Apnea Treatment

The Food and Drug Administration (FDA) has approved Eli Lilly’s Zepbound, a once-weekly injectable drug, for treating moderate-to-severe obstructive sleep apnea (OSA) in patients...

Sweetgreen Debuts Robotic Kitchens for Faster, Fresher Salads

Sweetgreen, a California-based restaurant chain, has unveiled its latest innovation, the Infinite Kitchen, at its Willis Tower location in Chicago. This automated system revolutionizes...

Waymo to Begin Autonomous Vehicle Testing in Tokyo in 2025

Waymo, Alphabet’s autonomous vehicle unit, announced plans to begin testing its self-driving cars in Tokyo in early 2025, marking its first international expansion and...

Temu Tops U.S. App Charts Again Amid Rising Trade Tensions

Temu, the e-commerce platform owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on the U.S. iOS store for...

Airlines Expand Premium Seating as Demand for First Class Surges

The travel landscape is shifting as airlines see unprecedented demand for premium seating, with passengers more willing than ever to pay for comfort at...

General Motors Ends Cruise Robotaxi Operations to Refocus on Core Business

General Motors (GM) has announced the shutdown of its Cruise robotaxi operations, marking a strategic shift toward its core automotive business and adjacent opportunities....

Unrivaled Women’s Basketball League Secures $28 Million Ahead of Inaugural Season

Startup basketball league Unrivaled announced on Monday the completion of its Series A funding round, securing $28 million ahead of its inaugural season. “Our players...

Hong Kong May Pioneer New Eye Drop Treatment for Diabetic Macular Edema

Hong Kong may soon become one of the first regions to benefit from a groundbreaking eye drop treatment for diabetic macular edema (DME), a...

Apple to Launch In-House Wireless Chips by 2025

Apple is advancing its strategy to develop in-house components by creating its own Bluetooth and Wi-Fi chip, code-named Proxima, set to debut in 2025....

Nio Challenges Foreign Luxury Carmakers with ET9 Electric Sedan

Chinese electric vehicle (EV) manufacturer Nio has launched its latest luxury sedan, the ET9, aimed at competing with premium models like BMW’s 7 Series...

China’s Gaming Industry Hits Record $44.8 Billion in 2024

China’s video gaming industry achieved record sales of 325.8 billion yuan ($44.8 billion) in 2024, marking a 7.53% growth from the previous year, according...

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