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.

Trump Praises Fed Chair Warsh While Pressing for World’s Lowest Interest Rates

President Trump praised Fed Chairman Kevin Warsh as 'fantastic' while pressing for the world's lowest interest rates and criticizing other Fed officials.

JetBlue Overhauls Fare Structure, Retiring Core Brand for Segmented Ticket Options

JetBlue is retiring its Core economy brand and introducing tiered fares from basic economy to first class as airlines lean into segmented pricing.

SanDisk’s $42 Billion Backlog Fuels Rally as Memory Stock Valuations Draw Scrutiny

SanDisk shares climbed on a reported $42 billion backlog as investors questioned whether memory stock valuations have outpaced fundamentals amid the AI boo

Oil Prices Slide as US-Iran Talks Fuel Hopes of Lasting De-escalation

Crude prices fell as Trump touted 'friendly talks' with Iran and Netanyahu arrived in Washington, raising hopes of ending the five-month conflict.

South Korea’s KOSPI and Wall Street Tech Grow Increasingly Intertwined as Chip Ties Deepen

South Korea's KOSPI has grown tightly correlated with the Nasdaq 100 as Samsung and SK Hynix ride surging AI memory-chip demand, raising volatility concern

Apple Overtakes Nvidia to Reclaim Title of World’s Most Valuable Company

Apple has surpassed Nvidia to become the world's most valuable company, ending the chipmaker's reign atop the market amid the AI boom.

Baker Hughes Beats Earnings as AI Power Demand Offsets Weaker 2026 Oilfield Spending

Baker Hughes topped earnings forecasts as AI data centre demand for power equipment offset a warning that oil and gas producers will cut spending in 2026.

Circle Shares Climb After Acquiring Blockchain Patents From IBM

Circle has acquired a portfolio of blockchain patents from IBM, boosting its shares and strengthening its intellectual property in the stablecoin sector.

Cracker Barrel Names David Deno CEO, Replacing Julie Masino After Logo Backlash

Cracker Barrel has named David Deno as CEO, replacing Julie Masino a year after a logo redesign sparked backlash and a stock decline.

SpaceX Shares Hit New Low Ahead of Earnings as Insider Selling Window Nears

SpaceX shares fell to a new low despite a successful Starship flight, as investors brace for earnings and a looming insider selling window.

Chip Stocks Slide as Report Points to China’s Domestic DUV Tool Breakthrough

ASML and U.S. chip stocks slid after a report said China began making homegrown DUV chipmaking tools, raising fears of a more competitive Chinese chip indu

Porsche Deepens Restructuring, Targeting 9,000 Job Cuts by 2035 Amid EV Slowdown

Porsche will eliminate around 9,000 jobs by 2035 after adding 5,000 more cuts, as weak EV demand and tough competition in China pressure the carmaker.

Nvidia in Talks to Guarantee $250 Billion Financing for OpenAI Ohio Data Center

Nvidia is reportedly in talks to guarantee up to $250 billion in financing for OpenAI's Ohio data center project, deepening ties between the two AI leaders

Piper Sandler Upgrades Rivian and Mobileye, Citing Edge Over Legacy Automakers

Piper Sandler has upgraded Rivian and Mobileye, citing a structural advantage over legacy automakers as the robotaxi market expands.

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