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 -

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 BT China Team -

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 -
Latest

US Inflation Eases to 3.4% in July Despite Energy Price Shocks

US consumer inflation slowed to 3.4% in July 2026 despite energy price shocks, though costs for essentials remain elevated as the Fed weighs its next move.

Bob Iger, Josh Kushner Buy Los Angeles Lakers in Record $12.5 Billion Deal

Bob Iger and Josh Kushner are buying the Los Angeles Lakers for a record $12.5 billion, pending NBA board approval, in the second sale within a year.

Wendy’s Stock Surges 12% on Nelson Peltz Take-Private Bid

Wendy's shares jumped 12% after a report that Nelson Peltz's Trian Fund Management is preparing an offer to take the burger chain private.

Bank of America Invests $1.9 Billion for 49.9% Stake in Jio Financial Unit

Bank of America is investing $1.9 billion for a 49.9% stake in a lending unit of India's Jio Financial Services, one of the sector's largest deals.

Paramount Floats CNN Sale to Settle California Suit Over Warner Bros. Deal

Paramount Skydance says selling CNN is "on the table" to resolve a California suit challenging its pursuit of Warner Bros. Discovery.

Social Security COLA Could Reach 3.6% in 2027, Boosting Retiree Checks

A new estimate projects Social Security's cost-of-living adjustment could reach 3.6% in 2027, a larger raise than the 2.8% increase set for next year.

Google Reshuffles AI Leadership to Accelerate Gemini Development and Product Race

Google has overhauled its AI leadership, consolidating research and product teams to accelerate Gemini development and compete more aggressively in the sec

SpaceX Shares Soar 11% as Wall Street Backs Musk’s AI Push

SpaceX shares jumped 11% as Wall Street bet on Elon Musk's push into 'real-world' AI, tying the rocket maker's valuation to its xAI and Grok ambitions.

Lumentum Jumps 15% on Blowout Earnings, Lifting Coherent and Corning

Lumentum shares surged about 15% on blowout earnings, lifting Coherent, Corning and other AI infrastructure names as optical demand accelerates.

Cerebras Stock Falls 14% Despite Raised AI Chip Guidance and Revenue Beat

Cerebras Systems shares dropped about 14% after beating second-quarter revenue estimates and raising its full-year AI chip guidance.

Gold Hits Two-Month High as Tamer Inflation Shifts Fed Rate Bets

Gold surged to a two-month high as tamer inflation data reshaped Federal Reserve rate expectations, drawing investors back into the rally.

Most Japanese Firms Have Yet to Fully Adopt AI, Reuters Poll Finds

A Reuters survey finds most Japanese companies have yet to fully embrace AI, with risk aversion, legacy systems and talent shortages slowing adoption.

Ford Shifts Lincoln Production From China to U.S. by 2030

Ford will shift production of its Lincoln luxury vehicles from China to the United States beginning in 2030, signaling a major manufacturing realignment.

KOSPI Enters Bull Market, Rebounding 20% From July Low on Chip Rally

South Korea's Kospi entered a technical bull market Thursday, rebounding about 20% from its July low as SK Hynix and Samsung led a renewed AI chip rally.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness