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

Seagate Beats Estimates and Lifts Outlook on Surging AI Storage Demand

Seagate topped June-quarter estimates and issued an upbeat forecast on surging AI-driven storage demand, lifting shares after hours.

Royal Caribbean Raises Profit Forecast on Strong Demand Despite Middle East Booking Softness

Royal Caribbean lifted its full-year earnings outlook on robust cruise demand, despite a modest booking hit from Middle East geopolitical tensions.

Apple Becomes Second Company to Reach $5 Trillion as Investors Retreat from AI Stocks

Apple became the second company to touch a $5 trillion valuation as investors rotated out of AI and semiconductor stocks amid a broader tech sell-off.

Chobani Must Face Class-Action Lawsuit Over Zero-Sugar Yogurt Labeling, Appeals Court Rules

A U.S. appeals court has revived a class-action lawsuit against Chobani over allegations that its zero-sugar yogurt labeling misleads consumers.

US Plans to Ban New Chinese Robots and Power Inverters, Citing AI Security Risks

The Trump administration plans to ban imports of advanced Chinese robots and power inverters, citing national security risks to the U.S. AI buildout.

Chip Stocks Head for One of Their Worst Months Ever as Broader Market Holds Steady

Semiconductor stocks are posting one of their steepest monthly declines on record, echoing the dot-com era, even as the broader market holds steady.

Chip Stocks Extend Selloff Amid AI Financing Doubts and China Competition Fears

Semiconductor shares fell for a second session as investors weighed AI financing costs and rising competition from Chinese chipmakers.

ASML Retains Chipmaking Edge Despite China’s Domestic Tool Push, Analysts Say

ASML remains insulated from China's domestic chipmaking tool drive despite US-China tensions, analysts say, as investors reassess recent share weakness.

NextChange Enters the Crowded Crypto Exchange Market With an Ambitious Trading and Payments Strategy

The emerging digital-asset platform is combining cryptocurrency trading, fiat services and a global payment card as it seeks to compete in an industry dominated by established exchanges.

FAA Proposes Seat Inspections on Hundreds of Boeing 737 MAX Jets Over Installation Flaw

The FAA has proposed inspections of 453 Boeing 737 MAX aircraft after finding improperly installed seats, adding to ongoing safety scrutiny of the model.

Hilton Raises Annual Revenue Forecast on Strong Luxury Hotel Demand

Hilton has raised its full-year revenue forecast, citing strong demand for luxury accommodations and rising hotel room rates across its global portfolio.

Boeing Reports Wider Second-Quarter Loss as Air Force One Charge Weighs on Results

Boeing reported a larger-than-expected second-quarter loss after taking a $280 million charge on its delayed Air Force One presidential aircraft program.

UPS Stock Rallies After Earnings Beat, Raised Outlook as Amazon Cuts Wind Down

UPS shares jumped after quarterly earnings beat estimates and the company raised its full-year revenue outlook as Amazon volume cuts and layoffs wound down

Cadence, Welltower Among Stocks Posting Biggest After-Hours Moves on Earnings

Cadence Design Systems, Welltower and Rambus were among the biggest movers in extended U.S. trading following fresh quarterly earnings reports.

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