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

Wall Street Splits on Circle: TD Cowen Says Buy, Morgan Stanley Says Sell

TD Cowen initiated Circle at Buy while Morgan Stanley cut it to Underweight, exposing a deep Wall Street divide over the stablecoin issuer's valuation.

AstraZeneca Drops 7% on Report of $400 Billion Bristol Myers Merger Talks

AstraZeneca shares dropped 7% after reports of merger talks with Bristol Myers Squibb valuing the combined firm near $400 billion. Analysts question the fi

DoorDash Launches In-House Drone Delivery After Winning FAA Certification

DoorDash has launched an in-house drone delivery program after securing FAA certification, deepening its push into autonomous last-mile logistics.

Hyperscaler Debt Rush Lifts Bond Yields as Investor Demand Cools

Heavy borrowing by cloud and data-center giants to fund AI infrastructure is pushing corporate bond yields higher as investor demand cools.

Humana Holds 2026 Profit Outlook at $9 Per Share, Disappointing Analysts

Humana beat quarterly estimates but kept its 2026 profit target at $9 per share, a level some analysts called disappointing as Medicare cost pressures pers

Cyclospora Outbreak Tied to Taco Bell Cuts US Lettuce Sales, Rattles Diners

A cyclospora outbreak tied to Taco Bell has cut US lettuce sales and kept diners away, overshadowing Yum Brands' quarterly earnings.

Japan’s Economy Grows Just 1.1% in Q2, Missing 2% Forecast

Japan's economy grew an annualized 1.1% in the second quarter, below the 2% forecast, as flat consumer spending and slowing exports weighed on growth.

Bunge Beats Second-Quarter Profit Estimates on Strong Processing Margins

Bunge Global topped second-quarter profit forecasts as strong oilseed processing margins offset softer conditions across the grain-trading sector.

Toyota Doubles Quarterly Profit to $9.4 Billion on Weak Yen, US Demand

Toyota nearly doubled fiscal first-quarter profit to $9.4 billion on a weak yen and strong US and India demand, while lifting its full-year sales forecast.

Jefferies Downgrades Apple to Underperform as All-Glass iPhone Reportedly Canceled

Jefferies downgraded Apple to underperform after supply chain checks suggested the company scrapped plans for a premium all-glass iPhone.

Metro Bank Customer Battles for £14,000 Refund After AI Chatbot Fraud

A Metro Bank customer is battling to recover over £14,000 taken in a scam that used stolen funds to buy credits for the AI chatbot Claude.

Peter Thiel Buys 1% Stake in Argentina’s Vista Energy, Worth $118 Million

Billionaire Peter Thiel has acquired a roughly 1% stake worth $118 million in Argentine oil producer Vista Energy, operating in the Vaca Muerta shale basin

GameStop Weighs Withdrawing Its Bid to Acquire eBay

GameStop is considering pulling its bid to acquire eBay, according to a Bloomberg News report, potentially ending an unexpected retail-commerce tie-up.

Berkshire Hathaway Rallies on Strong Earnings and Buyback, but Michael Burry Stays Out

Berkshire Hathaway shares rose on strong earnings and a big buyback under CEO Greg Abel, but investor Michael Burry signaled concern about its new era.

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