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.

Xi Jinping Urges China, US Youth to Advance Bilateral Cooperation

President Xi Jinping told students from 10 US universities he hopes young people will advance China-US cooperation in a reply to their letter.

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.

Tapestry Forecasts Strong Annual Profit as Coach Lures Young Shoppers

Tapestry forecast strong annual profit on Coach's momentum with younger consumers, though shares slid as the outlook met lofty investor expectations.

Anthropic CFO Krishna Rao Opens Early IPO Talks With Investors

Anthropic CFO Krishna Rao is leading early investor meetings focused on Claude AI and management, with valuation not yet discussed, sources say.

OpenAI Revenue Chief Denise Dresser Quits After Less Than a Year

OpenAI revenue chief Denise Dresser is leaving after less than a year, the second major executive exit in days as the company eyes a potential IPO.

Steve Eisman Warns China’s AI Models Are ‘Achilles’ Heel’ of Boom

'Big Short' investor Steve Eisman warns that low-cost Chinese AI models pose the biggest risk to a rally reliant on OpenAI and Anthropic.

Workday Surges 20%, Trading Halted on Silver Lake Takeover Talks

Workday shares jumped about 20% before trading was halted on a report that Silver Lake is in talks to take the software company private.

Intuitive Machines Stock Drops 9% After Q2 Loss and Revenue Miss

Intuitive Machines shares fell about 9% after the lunar company reported a wider Q2 loss and revenue below Wall Street forecasts.

Home Depot CEO Ted Decker Takes Medical Leave, Two Executives Assume Control

Home Depot CEO Ted Decker is taking a temporary medical leave expected to last several months, with two senior executives assuming day-to-day control.

Telstra CEO Vicki Brady Gets $700,000 Pay Rise Despite Nationwide Outage

Telstra awarded CEO Vicki Brady A$6.8m for the year, a A$700,000 rise, even after docking her bonus over a nationwide network outage in July.

Yen Weakens Again After Intervention Fades, But Japan Retains $1 Trillion Firepower

The yen is sliding again weeks after intervention faded, but Japan's roughly $1 trillion in reserves leaves room for further yen-buying, Goldman Sachs says

Oman Oil Spill Reaches Coast as Tanker Attacks Push Crude Higher

An oil spill from a stricken tanker has reached up to 40km of Oman's coast as fresh attacks on Gulf shipping push crude prices higher.

YMTC Breaks Into Global Top 3 NAND Suppliers With 14% Share

Yangtze Memory Technologies captured 14% of global NAND flash bit shipments in Q2, entering the world's top three suppliers for the first time.

Lenovo Profit Beats Estimates as AI Servers Drive 43% Revenue Jump

Lenovo Group posted a 43% surge in quarterly revenue and stronger-than-expected profit, driven by booming demand for AI computers, servers and services.

Maersk Shares Jump 7% After Profit Beat and Raised Full-Year Outlook

A.P. Moller-Maersk shares surged as much as 7% after the shipping giant beat profit estimates and raised its full-year earnings guidance.

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

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