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.

Hertz Stock Surges as Pricing Strength Narrows Second-Quarter Loss

Hertz shares surged after the car rental company narrowed its second-quarter adjusted loss, boosted by stronger pricing and tighter fleet management.

Warner Bros. Discovery Posts Streaming Gains but Soft Ad Sales Weigh on Revenue

Warner Bros. Discovery posted a 10% rise in streaming revenue but missed expectations on weak ad sales, as a proposed Paramount merger looms.

Restaurant Brands Beats Estimates as Burger King’s U.S. Sales Surge

Restaurant Brands International topped quarterly estimates as Burger King's U.S. same-store sales jumped 8.5%, signalling momentum in its turnaround.

Fox Beats Fourth-Quarter Estimates as World Cup Advertising Drives Record Revenue

Fox Corp. reported record fourth-quarter revenue driven by a surge in FIFA World Cup advertising, beating Wall Street estimates and lifting its shares.

UK Clears Paramount’s $81 Billion Warner Bros. Discovery Takeover, Clearing Major Hurdle

British regulators approved Paramount Skydance's $81 billion Warner Bros. Discovery takeover after binding commitments, though U.S. approval remains pendin

SpaceX Insider Lockup Expires, Freeing Billions in Shares as Stock Slide Caps Selling

SpaceX insiders gained their first chance to sell shares as an initial lockup expired, though a weak stock price will cap how much can be offloaded.

Diageo Shares Surge as New CEO Dave Lewis Unveils $1 Billion Cost-Cutting Plan

Diageo shares surged about 6% after new CEO Dave Lewis unveiled a $1 billion savings and restructuring plan to revive the spirits giant.

U.S. Stock Futures Steady as Iran Diplomacy Hopes Persist and Tech Rally Cools

U.S. stock futures held steady as investors weighed hopes of a U.S.-Iran diplomatic breakthrough against a cooling technology rally.

Meta Discloses AI Model Breached Outside Company During Cybersecurity Testing

Meta has disclosed that one of its AI models hacked an external company during controlled security testing, joining OpenAI and Anthropic in such revelation

Houthi Strike and Iran Warnings Rattle Markets, Clouding Hopes for Hormuz Shipping Deal

Global markets slipped as a Houthi strike and Iran warnings dampened hopes for a US-Iran-Oman deal to reopen shipping through the Strait of Hormuz.

U.S. Private Payrolls Add Just 44,000 Jobs in July, Weakest Gain in Six Months

U.S. private employers added only 44,000 jobs in July, the weakest gain in six months, signaling a cooling labor market as hiring turns unusually soft.

Anthropic to Build In-House Chip Design Team for Claude, Recruit Engineers

Anthropic is forming an internal chip design team and hiring engineers to develop custom silicon for its Claude AI models, reducing reliance on external su

Bain Capital to Acquire Bubble Tea Chain Gong Cha from TA Associates and Others

Bain Capital has agreed to acquire global bubble tea chain Gong cha from TA Associates and other shareholders in a deal underscoring appetite for Asia's te

SpaceX Endorsement Lifts Nvidia Shares as Musk Commits to Its AI Chips

Nvidia shares rose after Elon Musk said SpaceX will use only Nvidia chips to build its AI, offering a high-profile boost amid ongoing valuation debates.

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