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.

Amazon Cargo Plane Overruns Miami Runway, Bursts Into Flames on Sunday

An Amazon Prime Air Boeing 767 overran a runway and caught fire at Miami International Airport on Sunday, pausing flights as the FAA opened an investigatio

AfD Wins German State Election in Saxony-Anhalt, Exit Polls Show

The far-right AfD posted a leading result in Saxony-Anhalt's state election on Sunday, exit polls showed, in a test of Chancellor Merz's government.

Sabalenka Beats Townsend to Reach US Open Quarterfinals

Two-time defending champion Aryna Sabalenka overpowered Taylor Townsend 6-4, 6-3 on Sunday to reach the US Open quarterfinals in New York.

Israeli Strikes Kill 7 in Lebanon as Aoun Appeals to Washington

At least seven people died in Israeli air strikes across southern Lebanon on Sunday as President Joseph Aoun appealed to Washington to help end the attacks

China Ramps Up Robotics Innovation with Ambitious Policies

Local governments across China are implementing policies to boost robotics innovation and deployment, particularly humanoid robots, as national policymakers emphasize future industries during the...

Xiaohongshu Prepares for Hong Kong IPO Amid Surging Profits

Social media platform Xiaohongshu, known as “Little Red Book,” is preparing for an initial public offering (IPO) in Hong Kong as its profitability surges,...

China Forms AI Standardization Committee with Leading Tech Firms

China’s Ministry of Industry and Information Technology (MIIT) has announced the formation of an “AI Standardization Technology Committee,” which will spearhead the development and...

ByteDance Focuses on Generative AI and Video Tools in Strategic Expansion

ByteDance, the parent company of TikTok and Douyin, is increasing its investments in generative artificial intelligence (GenAI) technologies, with a particular focus on video-generation...

Ex-OpenAI Engineer Launches Light Robotics with Offices in Singapore and China

Roger Jiang, a former engineer at OpenAI, has launched a new robotics company named Light Robotics, with headquarters in Singapore and Shenzhen. Established in...

Airlines Ramp Up Premium Seating to Meet Soaring Demand

Since the pandemic, airline passengers have demonstrated a growing willingness to pay for more spacious seating at the front of the cabin, resulting in...

Tesla Increases Model S Prices in the U.S.

Tesla has increased the prices of its Model S cars in the United States by $5,000, according to the company's website. The adjustment applies...

Winners and Losers in the Restaurant Industry: A Look at 2024 Trends

The restaurant industry in 2024 saw a clear divide between winners and losers as consumers, grappling with rising prices, became more selective about dining...

Waymo Expands Self-Driving Service in Los Angeles, Removes Waitlist

Waymo, the autonomous vehicle arm of Alphabet, has removed the waitlist for its self-driving service in Los Angeles, marking a major milestone in the...

Spotify Q4 Guidance Exceeds Expectations, Shares Rise

Spotify's shares saw a significant boost in extended trading on Tuesday, rising approximately 8% following the company's better-than-expected guidance for the fourth quarter, despite...

Unbabel Launches AI-Driven Translation Service, Widn.AI

Unbabel has introduced Widn.AI, a new AI-driven translation service, marking a significant step in the company's evolution and challenging a competitive field. The service...

Japan Unveils $65 Billion Plan to Revitalize Semiconductor Industry

Japan has unveiled a comprehensive plan to revitalize its semiconductor and artificial intelligence sectors, investing over 10 trillion yen ($65 billion) by fiscal 2030....

Volkswagen Increases Investment in Rivian JV to $5.8 Billion, New Models Coming in 2027

Volkswagen Group has increased its investment in its joint venture with electric vehicle maker Rivian Automotive, bringing the total investment to $5.8 billion, up...

Rocket Lab Shares Surge Following Strong Q3 Results and Neutron Launch Deal

Rocket Lab's shares saw a significant jump in after-hours trading after the company released its third-quarter financial results and revealed a major milestone with...

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