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

Cardinal Health Stock Surges as Company Lifts Full-Year Profit Outlook

Cardinal Health shares jumped after the healthcare distributor reported mixed sales but lifted its full-year profit guidance, reassuring investors.

Monday.com Stock Falls as Weak Guidance Overshadows Earnings Beat

Monday.com shares dropped after soft forward guidance overshadowed a quarterly earnings beat, while options-implied volatility fell sharply post-selloff.

Barrick Settles Newmont Dispute, Clearing Path for Year-End Gold IPO

Barrick reached a deal with Newmont to combine North American mines, clearing the way for an IPO of its gold assets by year-end. Barrick shares fell.

SpaceX Stock Rebounds to Near $135 IPO Price After Strong Earnings

SpaceX shares climbed back toward their $135 IPO price after stronger-than-expected second-quarter revenue and a widely watched share unlock.

Unitree Shanghai IPO Oversubscribed 8,000 Times, Igniting Humanoid-Robot Stock Frenzy

Unitree Robotics' Shanghai IPO drew retail demand over 8,000 times the shares offered, fueling investor frenzy over a wave of humanoid-robot listings.

Foxconn Posts 35% Q2 Profit Jump, Forecasts Strong 2026 on AI Demand

Foxconn reported a 35% rise in second-quarter profit, beating forecasts, and forecast strong 2026 growth driven by surging AI infrastructure demand.

Tata Chairman Chandrasekaran to Step Down in February After Board Rift

Tata Group chairman N Chandrasekaran will not seek reappointment when his term ends in February, following tension with the controlling Tata Trusts.

Trump Tariffs on Foreign Drone Parts Send US Drone Stocks Soaring

US drone stocks rallied after Trump ordered tariffs on foreign-made components, with Unusual Machines leading gains, in a bid to counter China's drone domi

Norway Wealth Fund Posts Record $184 Billion Profit, Warns of Tougher Times

Norway's $2.3 trillion sovereign wealth fund reported a record $184 billion profit and disclosed a SpaceX stake, but warned of tougher times ahead.

Standard Chartered Venture Anchorpoint Launches Hong Kong Dollar Stablecoin for Institutions

Standard Chartered-led venture Anchorpoint has begun institutional use of Hong Kong dollar-backed stablecoins, with retail access eyed by end-2026.

Definium Therapeutics Stock Jumps 20% on LSD Anxiety Drug Trial Success

Definium Therapeutics shares soared about 20% after positive Phase 3 results for its LSD-based anxiety treatment, a milestone for psychedelic medicine.

IEA Warns Hormuz Closure to Cut Global Oil Demand by 1.6 Million Barrels

The IEA expects global oil demand to fall 1.6 million barrels a day in 2026 as the Strait of Hormuz stays shut amid stalled US-Iran talks.

Super Micro Stock Rallies After Earnings as Wall Street Reassesses AI Server Demand

Super Micro Computer shares surged after quarterly results, as Wall Street reassessed demand for its AI server systems amid a mix of optimism and caution.

US Retail Sales Fall 0.6% in July as Tax-Refund Boost Fades

U.S. retail sales fell 0.6% in July, the biggest drop since May 2025, as tax-refund spending faded and shoppers cut back on electronics and online purchase

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