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.
Business Lynn Hatem -

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
China BT China Team -

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 BT China Team -

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 BT China Team -

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
China BT China Team -
Latest

Potential Workday Deal Sets Floor Under Battered Software Stocks

A potential Workday acquisition has lifted software stocks, with analysts saying it sets a valuation floor after this year's AI-driven selloff.

Goldman Sachs to Buy ETF Provider Neos in $2.3 Billion Deal

Goldman Sachs has agreed to acquire income-ETF provider Neos in a cash-and-stock deal worth up to $2.25 billion, expanding its asset management push.

Intuitive Surgical Stock Sinks 33% in 2026 as Oppenheimer Turns Bullish

Intuitive Surgical shares dropped 33% in 2026, but Oppenheimer turned bullish, arguing rivals are being crowded out of the robotic surgery market.

Reddit Joins S&P 500, Shares Jump 11% After Months of Speculation

Reddit will join the S&P 500, sending shares up about 11% after hours, though analysts flag concerns over its growth and AI-licensing revenue.

Uber and Pony.ai to Deploy Over 2,000 Robotaxis Across Europe

Uber and China's Pony.ai will jointly deploy over 2,000 robotaxis across Europe, one of the largest planned driverless fleet expansions on the continent.

SMIC Raises Chip Prices and Weighs Capacity Expansion on Surging AI Demand

SMIC is raising chip prices and considering new capacity as AI-related demand for mature-node chips surges beyond forecasts, lifting shares after strong Q2

Anthropic Could Seek $3 Trillion IPO Valuation, Topping SpaceX Record

Some investors expect AI developer Anthropic to seek a $2 trillion to $3 trillion IPO valuation, above SpaceX's $1.7 trillion record, a new report says.

US Wholesale Prices Flatten in July as Gas and Food Costs Fall

U.S. wholesale prices were flat in July, below expectations, as gas and food costs fell and annual producer inflation slowed to 4.7%.

Ackman Rebuilds Netflix Stake, Adds Five New Holdings to Pershing Square

Bill Ackman's Pershing Square has re-entered Netflix and added five other new holdings over six months, reversing his 2018 exit from the streamer.

Databricks Raises $5 Billion at $190 Billion Valuation on Agentic AI Boom

Databricks has closed a $5 billion funding round valuing the AI infrastructure firm at $190 billion, fueled by surging demand for agentic AI tools.

Bullish Stock Surges Despite $280M Q2 Loss and 44% Drop in Asset Sales

Bullish shares climbed after the crypto exchange operator reported a $280M Q2 net loss and a 44% drop in digital asset sales.

Cerebras Stock Plunges as AI Chipmaker Swings to Quarterly Loss

Cerebras shares tumbled after the AI chipmaker swung to a quarterly loss, testing investor confidence in the sector despite continued revenue growth.

US Mortgage Rates Fall to 6.67%, First Drop in Six Weeks

The average U.S. 30-year mortgage rate fell to 6.67%, its first decline in six weeks, though borrowing costs remain higher than a year ago.

SanDisk Shares Surge 12% After Unveiling Growth Targets Through 2030

SanDisk stock jumped about 12% after unveiling long-term revenue and profit targets through 2030 at its Investor Day, lifting memory peers and prompting an

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