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

Brent Crude Tops $90 as US-Iran Ceasefire Expires, Trump Threatens Oman

Brent crude climbed above $90 a barrel after the US-Iran ceasefire window expired and Trump threatened Oman, reversing weeks of market calm.

Serve Robotics Stock Swings as Delivery Expansion Meets 400% Revenue Jump

Serve Robotics shares swung sharply as a DoorDash and Grubhub fleet expansion met a 400% revenue jump and widening quarterly losses.

Russian Firm Asks Kremlin to Place Nestlé’s Local Units Under State Control

A Russian company has asked the Kremlin to place Nestlé's local operations under temporary state management, the latest bid to seize Western corporate asse

Shein Slashes Hong Kong IPO Valuation to $25 Billion

Shein has slashed its Hong Kong IPO valuation target to as low as $25 billion, down sharply from earlier ambitions of $30-40 billion.

Treasury Yields Climb as Investors Brace for Fed Minutes and Jackson Hole

U.S. Treasury yields climbed as investors awaited Federal Reserve meeting minutes and the Jackson Hole symposium for clues on the interest rate path.

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

China Retail Sales Grow Just 0.6% in July as Investment Slump Deepens

China's retail sales rose just 0.6% in July, missing forecasts, while industrial output slowed and fixed-asset investment fell, underscoring economic weakn

Ferrari’s First Electric Car, the Luce, Sells for Record $40 Million

Ferrari's first fully electric car, the polarizing Luce, has sold for $40 million at auction, far exceeding its original $640,000 list price.

Workday Surges on Report of $51 Billion Silver Lake Buyout Talks

Workday shares posted their best day in a decade on reports Silver Lake is in talks for a buyout valued at up to $51 billion, reviving the software trade.

Nvidia Cuts OpenAI Ohio Data Center Guarantee to $120 Billion

Nvidia has reduced its financing guarantee for OpenAI's Ohio data center to $120 billion, roughly halving a previously reported $250 billion pledge.

Musk’s Memory-Chip Warning Sends Micron Past $1,000 as SanDisk Jumps 8%

Micron shares crossed $1,000 and SanDisk jumped 8% after Elon Musk flagged a memory-chip bottleneck, fueling optimism over AI-driven demand.

Apple Heads for Strongest June-Quarter Sales Growth in Five Years

Apple is on track for its strongest June-quarter sales growth in five years, driven by resilient iPhone demand and its expanding services business.

China Tightens Chip-Design Protection Rules Taking Effect October 15

China has revised its integrated-circuit layout design rules, sharpening infringement penalties and clarifying ownership rights, effective October 15.

Oil Falls to Three-Week Low After Trump Calls Off Iran Attack

Oil prices fell to a three-week low and U.S. stock futures rose after President Trump called off a planned strike on Iran, easing conflict fears.

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