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

Quantexa Weighs UK or US IPO as Data Group Eyes Public Listing

British data group Quantexa is exploring a stock market listing in London or New York, in what could be a major UK technology IPO.

Costco Enters Medicare Market With SCAN Group Insurance Plans

Costco is entering the health insurance market, partnering with SCAN Group to offer Medicare Advantage plans to members starting in 2026.

Global Bond Rout Deepens, Turning U.S. Debt Load Into a Political Test

A deepening global bond sell-off is pushing U.S. Treasury yields higher, raising borrowing costs and turning America's debt load into a political test.

South Korea’s KOSPI Halts Trading After 5.2% Plunge on Chip Selloff

South Korea's KOSPI briefly halted trading after a 5.2% plunge led by SK Hynix and Samsung as an AI stock selloff hit Asian markets and oil prices rose.

Fed Minutes Gain Weight as Warsh Curbs Central Bank Communication

Federal Reserve minutes due Wednesday take on added significance as Chair Kevin Warsh curbs public communication, leaving markets starved for guidance.

Rising U.S. Bond Yields Push Mortgage Rates Higher, Squeezing Home Buyers

Surging long-term U.S. Treasury yields are lifting mortgage and consumer borrowing costs, dealing a fresh blow to home buyers as the bond selloff deepens.

Disney Sues FCC Over Threats to ABC Broadcast Licenses

Disney and ABC have sued the FCC, alleging the regulator's early review of broadcast licenses is an unconstitutional attempt to influence news coverage.

Klarna Stock Plunges 20% as CFO Departs and Volume Outlook Trimmed

Klarna shares fell about 20% after the fintech trimmed its volume outlook and announced its CFO's departure, despite returning to quarterly profit.

Baidu Misses Quarterly Estimates as Ad Revenue Falls 19%, Shares Slide

Baidu reported weaker-than-expected quarterly revenue and earnings as advertising sales fell 19%, sending shares lower amid its costly pivot to AI and Erni

Rising Bond Yields Drag S&P 500 Lower for Third Straight Session

Global bond yields climbed to multidecade highs and oil prices rose, pushing the S&P 500 lower for a third straight session as inflation fears returned.

Hims & Hers CEO Rejects FTC Lawsuit, Says Regulators Misunderstand Business

Hims & Hers CEO Andrew Dudum has pushed back against an FTC lawsuit, arguing regulators misunderstand the telehealth company's disruptive business model.

Einride Adds 500 Tesla Semi Trucks to Expand North American Fleet

Einride will deploy 500 Tesla Semi electric trucks across North America, one of the largest commitments to the vehicle as it forecasts faster growth.

Home Depot Beats Q2 Estimates and Backs Outlook Amid Frozen Housing Market

Home Depot topped Wall Street forecasts with $47.86 billion in Q2 revenue as customers focused on smaller projects, reaffirming its full-year guidance.

Meta Faces Trial as States Allege Facebook, Instagram Addicted Children

U.S. states allege Meta designed Facebook and Instagram to addict children as a landmark trial begins, with the company warning of trillion-dollar exposure

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