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

Clearlake Takes Full Control of Chelsea in Deal Valuing Club at £5 Billion

Clearlake Capital has bought out Todd Boehly and Mark Walter's minority stakes to take full control of Chelsea FC in a deal valuing the club at £5 billion.

Chinese Automakers Race to Buy European Factories Before EU Content Rules Hit

BYD adviser Alfredo Altavilla says Chinese carmakers are scouring Europe for factories to buy or share ahead of EU local content rules expected next year.

US Senate Blocks Clarity Act on Wednesday

The Senate blocked the Clarity Act on Wednesday, extending crypto regulatory uncertainty as some Hong Kong industry figures see a strategic opening.

Ladbrokes Owner Entain to Cut 400 Jobs, Warns on UK Gambling Taxes

Entain, owner of Ladbrokes and Coral, will cut 400 customer care jobs and warned that a UK machine games duty rise could force betting shop closures.

Intel, SK Hynix Shares Jump on Talks to Make Memory Chips in US

SK Hynix is in talks with Intel to make memory chips in the US for the first time, Reuters reported, lifting both companies' shares in premarket trading.

Nvidia’s Huang Rejects AI Slowdown as Anthropic’s Amodei Urges Caution

Nvidia's Jensen Huang argued against slowing AI at Dreamforce on Tuesday, hours after Anthropic's Dario Amodei spoke about industry safety practices.

Brent Oil Tops $108 as Saudi Pipeline Shutdown Enters Second Week

Brent crude rose above $108 on Tuesday as Saudi Arabia's East-West pipeline stayed shut, with Houthi strikes and halted Yanbu loadings deepening supply fea

Musk Urges US and Chinese AI Labs to Test Each Other’s Models

Elon Musk called on leading US and Chinese AI companies to run safety tests on each other's models, speaking at the All-In Summit on Monday.

Dell Jumps 11% After RBC Starts Coverage With $640 Target

Dell Technologies shares rose more than 11% on Wednesday after RBC Capital Markets began coverage with an Outperform rating and a $640 price target.

Amazon Says It Cannot Restore Cloud Data Lost in Gulf Drone Strikes

AWS said on Tuesday it cannot restore access to cloud facilities in Bahrain and parts of the UAE, more than six months after drone strikes damaged the site

ASML Draws Bullish Long-Dated Call Bets After 14% Monthly Pullback

ASML shares at $1,575 have drawn long-dated bullish call positioning after a 14% monthly drop, backed by a $45 billion backlog.

AI Stocks Fall After Amodei Calls for Development Slowdown

AI-linked stocks fell Monday across Asia, Europe and US premarket after Anthropic chief Dario Amodei called for slower AI development.

Defense and Space Startups Turn to SPAC Mergers as Investor Appetite Climbs

Six defense and space firms announced SPAC mergers so far this year, up from three in all of 2025, as investor interest in the sector rises.

China Rejects US Call to Slow AI, Fearing Entrenched American Lead

Chinese researchers and state media reject US tech leaders' calls for an AI slowdown, arguing it would entrench America's lead as Beijing accelerates.

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