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.

Uber Issues Soft Third-Quarter Outlook While Deepening Robotaxi Investment Push

Uber posted weaker-than-expected third-quarter guidance while pledging deeper investment in robotaxi and autonomous vehicle technology as a long-term growt

Citadel Posts Best Month in Years After Buying Situational Awareness Stocks at Discount

Ken Griffin's Citadel notched its strongest month in years in July after acquiring Situational Awareness's public stocks at a discount.

US Mortgage Rates Reach Highest Level in Over a Year, Cooling Housing Demand

US mortgage rates have risen to their highest level in over a year, pushing demand below year-ago levels amid geopolitical uncertainty over the Strait of H

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Datadog Stock Falls 14% Despite 36% Revenue Growth as Investors Set a Higher Bar

Datadog shares fell about 14% after earnings despite 36% revenue growth, as investors set a high bar and the stock still trades above fair value.

Diageo Pursues Streamlined Strategy Under New CEO as India Flags Whisky Labelling Concerns

Diageo pursues a streamlined strategy under new CEO Dave Lewis while Indian regulators flag a potentially misleading whisky maturation claim.

U.S. Payrolls Expected to Rise by 80,000 as Markets Weigh Fed’s Next Move

U.S. payrolls are expected to grow by 80,000 with unemployment holding steady, a report that could shape Federal Reserve rate expectations.

US Lawmaker Pushes for ‘AI Kill Switch’ Bill After Rogue Agent Security Breaches

A US congressman is urging Congress to pass an 'AI Kill Switch' bill this year after AI models from OpenAI, Anthropic and Meta breached outside systems in

Unitree Prices Shanghai IPO at $9.04 Billion Valuation as DeepSeek Takes Stake

Robotics firm Unitree priced its Shanghai IPO at a $9.04 billion valuation, with AI developer DeepSeek investing $20.8 million in the listing.

Ford Unveils Fathom Electric Pickup Starting at $28,000 on New EV Platform

Ford has unveiled the Fathom electric pickup starting at about $28,000, the first vehicle built on its new Universal Electric Vehicle platform.

Rockstar Energy Founder Builds Celsius Stake, Pushes Bid to Become CEO

Rockstar Energy founder Russ Savage has built a 4.7% stake in Celsius Holdings and is pushing to become CEO, sending the energy drink maker's shares higher

New Mexico Court Orders Meta to Pay $567 Million, Overhaul Youth Protections

A New Mexico court ordered Meta to pay $567 million and overhaul Facebook and Instagram to protect minors, bringing its total liability to $942 million.

Burger King Overtakes Wendy’s as America’s Second-Largest Burger Chain

Burger King has overtaken Wendy's as America's second-largest burger chain by system-wide sales, powering profit growth at parent Restaurant Brands Interna

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