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

Samsung Unveils Up to $80 Billion Shareholder Return Plan After Chip Rebound

Samsung Electronics will discuss a shareholder return plan worth up to 110 trillion won (about $80 billion) at a Friday board meeting after an AI-driven ch

Ross Stores Jumps Premarket on Upbeat Forecast as Crypto Stocks Rally

Ross Stores rose premarket on Friday after an upbeat forecast, while Coinbase and other crypto-linked stocks rallied alongside Broadcom and BJ's Wholesale.

Cantor Fitzgerald Opens Prediction Market Trading to Institutional Clients on Kalshi

Cantor Fitzgerald will offer institutional clients trading on prediction market platform Kalshi, bringing hedge funds into event contracts for the first ti

Unitree Soars Over 600% in Debut as First Humanoid Robot Firm on Mainland

Unitree Robotics shares surged as much as 620% on their Wednesday debut, the first humanoid robot firm to list on a mainland Chinese exchange.

Amazon Expands Drone Delivery to Nearly 500 US Cities This Year

Amazon announced Thursday it will extend drone delivery to nearly 500 US cities this year, carrying 5-pound packages in as fast as 30 minutes.

Trump’s Iran Threat Wipes Out Bessent’s Bond Rescue Within a Day

U.S. Treasury yields surged again Wednesday as Trump's Iran threat reversed the steadying effect of Bessent's expanded debt-buyback plan within a day.

Japan Exports Jump 23.2% in July, But Energy Costs Widen Trade Deficit

Japan's July exports jumped 23.2% on strong chip and auto shipments, but record imports and high energy costs extended its trade deficit for a third month.

Bessent Doubles US Long-Bond Buybacks as Surging Yields Rattle Markets

US Treasury Secretary Scott Bessent doubled long-bond buybacks on Tuesday to steady a strained debt market as surging yields lift borrowing costs.

Bitcoin Jumps 11% in Two Days as Trump Pushes Clarity Act

Bitcoin surged 11% over two days to its highest level since June as Trump and crypto executives pressed Congress to pass the Clarity Act.

Walmart Shares Slide as U.S. Sales Post Weakest Growth in Six Years

Walmart shares fell after reporting 2.6% comparable U.S. sales growth, its slowest in over six years, hit by falling drug prices and a soft profit outlook.

US Mortgage Rates Ease to 6.65%, Still Above Last Year’s Levels

The 30-year fixed U.S. mortgage rate slipped to 6.65% this week, Freddie Mac said Thursday, but rates remain higher than a year ago, limiting buyers.

US National Debt Tops $40 Trillion, Doubling in a Decade

US public debt topped $40 trillion on Tuesday, the Treasury said, doubling over a decade as deficits, interest costs and spending climb.

Stripe to Buy AI Model Gateway OpenRouter in Fintech’s Deeper AI Push

Stripe said on August 19 it agreed to acquire OpenRouter, an AI model gateway for developers, extending the payments firm's reach into the AI market.

CK Hutchison Seeks $1.5 Billion From Panama Over Seized Canal Ports

CK Hutchison has launched arbitration against Panama, seeking over US$1.5 billion in damages over the takeover of two Panama Canal ports.

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