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.

Pinterest Shares Slide as Cautious Revenue Outlook Overshadows Q2 Earnings Beat

Pinterest shares slipped as a lukewarm revenue forecast overshadowed a Q2 earnings beat, with advertising competition weighing on the company's growth outl

SoftBank Jumps 10% as Strong Earnings and AI Rally Lift Asian Tech Stocks

SoftBank shares surged around 10% after strong quarterly earnings and a Wall Street AI rally lifted Asian technology stocks, including Samsung and SK Hynix

Paramount Skydance Lifts Profit Outlook, Stays Confident on Warner Bros. Merger

Paramount Skydance lifted its full-year profit guidance and reaffirmed confidence in its Warner Bros. Discovery merger as a judge set a March 2027 trial.

SpaceX Posts Revenue Surge in Debut Earnings on Strong Starlink Growth

SpaceX reported a sharp revenue rise in its debut quarterly earnings, driven by strong Starlink growth, after a turbulent post-IPO slump in its shares.

Leidos Raises Annual Forecasts on Robust Defense and Government Demand

Leidos Holdings has raised its full-year revenue and profit forecasts, citing sustained demand for defense, intelligence and government technology services

Shein Targets $30–40 Billion Valuation for August Hong Kong IPO

Shein is targeting a $30–40 billion valuation for an August Hong Kong IPO, a steep discount that has raised questions over whether the listing is necessary

Lucid Misses Second-Quarter Targets, Delays Affordable EVs to 2027 Amid Operational Reset

Lucid Group missed second-quarter expectations and pushed its affordable EV launch to late 2027 amid an operational reset targeting $1.4 billion in savings

Chipotle Pulls Jalapeños from Some Restaurants Amid US Salmonella Outbreak Probe

Chipotle has removed jalapeños from some US restaurants after identifying them as a possible source of a salmonella outbreak that has sickened about 100 pe

Anthropic Appoints Global Affairs Chief to Navigate Mounting Tensions with Trump Administration

Anthropic has appointed Mariano-Florentino Cuéllar as global affairs chief to ease tensions with the Trump administration over AI policy and regulation.

S&P 500 Hits Fresh Record as Analysts Eye 7,620 Level to Confirm Breakout

The S&P 500 returned to all-time highs, but analysts say a decisive close above 7,620 is needed to confirm a breakout amid mixed valuation signals.

Dow Hits Record as Bessent Signals Strait of Hormuz Deal Could Come This Week

U.S. stocks hit records and oil prices fell after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come this week.

Pfizer Beats Profit Estimates, Targets $2.5 Billion in Fresh Cost Cuts

Pfizer topped quarterly profit forecasts and raised its 2026 guidance while targeting an additional $2.5 billion in cost reductions amid falling Covid sale

AMD Earnings Loom as Key Test for Chip Sector and Momentum Stocks Amid Price Divergence

AMD reports earnings Tuesday in a print seen as a bellwether for chips and momentum stocks, as investors weigh strong results against weak price action.

US Job Openings Slip to 7.4 Million as Labor Market Weathers Iran Conflict

U.S. job openings slipped to a three-month low of 7.36 million in June, but the labor market stayed resilient despite the energy shock from the Iran confli

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