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.

Hawaii Declares Emergency as Hurricane Lowell Nears Kauai and Niihau

Hawaii declared a state of emergency on Sunday as Category 3 Hurricane Lowell neared Kauai and Niihau, prompting a tropical storm warning and flooding fear

Fireworks Blast at Mexico Church Festival Kills 10, Injures 64

A fireworks explosion at a patron saint festival in Temascalcingo, central Mexico, killed at least 10 people and injured 64 on Saturday night.

NFL Extends Roger Goodell Through 2030 in Performance-Heavy Contract Deal

NFL commissioner Roger Goodell agreed to a four-year contract extension running through the 2030 season, with over 95% of pay tied to performance.

US Energy Secretary Wright Warns No Iran Nuclear Deal May Emerge

US Energy Secretary Chris Wright said on Sunday there may not be a nuclear agreement with Iran, as talks stall and military action continues.

WeRide Files for $119.4 Million Nasdaq IPO Alongside $320.5 Million Private Placement

Chinese self-driving start-up WeRide has filed for an initial public offering (IPO) on Nasdaq, aiming to raise up to US$119.4 million, according to a...

Horizon Robotics IPO Surges in Hong Kong, Raising $696 Million

Shares of Horizon Robotics, a leading Chinese autonomous-driving technology firm, surged during their debut on the Hong Kong Stock Exchange, marking the second-largest initial...

Tesla to Launch Driverless Ride-Hailing Services in California and Texas by 2025

Tesla CEO Elon Musk announced on Wednesday that the electric vehicle giant plans to introduce driverless ride-hailing services in California and Texas next year....

Seven & i Holdings Unveils Growth Plan Focused on 7-Eleven Expansion

Japanese conglomerate Seven & i Holdings has revealed a new growth strategy centered around its core 7-Eleven convenience stores, while avoiding mention of a...

Abu Dhabi Rises as Global Wealth Hub, Attracting Asset Managers and Billionaires

Abu Dhabi is stepping out of Dubai’s shadow, emerging as a major global financial hub and attracting its share of wealthy asset managers and...

Tesla’s Vehicle Sales to Grow by 20%-30% in 2025, Says CEO Elon Musk

Tesla CEO Elon Musk has projected a significant boost in vehicle sales, expecting growth of 20% to 30% next year. This reassuring forecast calmed...

Apple Shares Drop as iPhone 16 Production Cut by 10 Million Units

Apple's shares declined by about 2% on Wednesday following reports from industry supply chain analyst Ming-Chi Kuo that the company has reduced its production...

Apple Rolls Out Beta Version of Apple Intelligence with ChatGPT Integration

Apple has released a beta version of its much-anticipated Apple Intelligence features, including integration with ChatGPT. These new AI capabilities aim to enhance user...

SK Hynix Reports Record Q3 Profit Driven by AI Memory Demand

South Korea’s SK Hynix, one of the leading global memory chipmakers, has reported a record quarterly profit for Q3, driven by a surge in...

Anthropic Unveils AI Agents Capable of Complex Task Completion

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, has reached a major milestone with its AI technology. The company, known for...

Revolutionizing Insurance Claims: Drones and AI Enable Swift Disaster Assessments

In the wake of back-to-back hurricanes Helene and Milton, insurance adjusters face the daunting task of assessing the extensive damage across several southern states....

Starboard Value Acquires Stake in Kenvue as Stock Price Falls

Hedge fund Starboard Value has taken a stake in Kenvue, the consumer products company behind well-known brands such as Band-Aid, Listerine, and Tylenol, which...

Bitcoin’s Price Journey in 2024: Volatility, Resilience, and Future Predictions

The cryptocurrency market continues to evolve at a rapid pace, with Bitcoin standing as the leading force in digital currencies. In 2024, Bitcoin reached...

BlackRock Sees Surge in Demand for Spot Bitcoin ETFs as Crypto Enthusiasts Flock In

A year after BlackRock launched its first-ever spot bitcoin exchange-traded product (ETP) in the U.S., the firm has seen a surge of interest, particularly...

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