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.

Brazil Moves to Accelerate Mercosur Trade Deals with China and South Korea

Brazil agrees to speed up Mercosur trade negotiations with China and South Korea, a strategic shift amid global trade realignment and U.S. tariffs.

Shein Discloses FTC Investigation Into U.S. Operations Ahead of Hong Kong IPO

Shein has disclosed that the U.S. Federal Trade Commission is investigating its American operations as the retailer prepares for a Hong Kong listing.

Johnson & Johnson Offers $5.5 Billion to Settle Talc Cancer Lawsuits

Johnson & Johnson has agreed to pay $5.5 billion to resolve nearly 70,000 US lawsuits alleging its talc-based baby powder caused cancer.

Meta’s Quarterly Earnings to Spotlight AI Spending and Smart Glasses Ambitions

Meta reports quarterly earnings Wednesday, with investors focused on the scale of its AI spending and its expanding push into smart glasses.

SK Hynix Posts Record Second-Quarter Profit on AI Chip Demand, Yet Misses Estimates

SK Hynix reported a record second-quarter profit fueled by AI memory chip demand, with revenue more than tripling year over year, though results missed est

Centene Lifts Annual Profit Forecast but Shares Slide on Weakening Medicaid Outlook

Centene lifted its annual profit forecast on improved cost management, but shares fell after the insurer flagged weakening Medicaid membership.

South Korea Weighs Cap on Leveraged ETFs as Retail Investors Absorb Chip-Driven Losses

South Korean regulators are considering limits on leveraged ETFs for retail investors after heavy losses tied to a downturn in semiconductor stocks.

ServiceNow Stock Rallies as AI and Workflow Automation Fuel Investor Optimism

ServiceNow shares climbed as investors backed the enterprise software firm's expanding AI and workflow automation business amid strong subscription growth.

eBay Agrees to Pay Roughly $50 Million to Couple Targeted in Bizarre Harassment Campaign

eBay has agreed to pay roughly $50 million to a Massachusetts couple targeted by former employees with threats and bizarre deliveries, ending years of liti

Visa to Cut 7% of Global Workforce as Efficiency Drive Deepens Across Corporate America

Visa plans to reduce its global workforce by roughly 7%, affecting more than 2,000 roles, as the payments giant deepens an efficiency and technology drive.

Coca-Cola Beats Earnings Estimates and Raises Full-Year Outlook on Robust Demand

Coca-Cola topped second-quarter earnings estimates and lifted its full-year outlook on strong global beverage demand, sending shares higher.

Boeing Q2 Revenue Beats Estimates as Jet Deliveries Rise and Cash Flow Turns Positive

Boeing posted second-quarter revenue above estimates as jet deliveries climbed and cash flow turned positive, though the company reported a wider-than-expe

Teradyne Stock Climbs Ahead of Second-Quarter Earnings Set for July 28

Teradyne shares advanced as investors positioned ahead of the semiconductor testing equipment maker's second-quarter earnings report due July 28.

Bloom Energy Stock Surges as Sales Top $1 Billion on AI Data Center Demand

Bloom Energy shares jumped after quarterly sales topped $1 billion and the fuel-cell maker raised 2026 guidance again, driven by AI data center power deman

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