Business

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

Business Lynn Hatem -

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 -

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

China BT China Team -

Latest

Musk’s Boring Company Raises $3 Billion, Reaching $23 Billion Valuation

Elon Musk's Boring Company raised $3 billion in a UAE-led round, lifting its valuation to $23 billion as it eyes Middle East expansion.

Starbucks CEO Niccol Shifts Turnaround to Cafe Makeovers and Service

Starbucks CEO Brian Niccol says the chain's turnaround is working and its next phase will focus on cafe renovations and improved customer service.

US Home Sales Sink to 14-Month Low as Prices Keep Climbing

US existing-home sales fell in August to a 14-month low as mortgage rates and record prices deterred buyers, even with supply at a near-seven-year high.

JPMorgan Upgrades Meta to Buy, Citing AI Models and Agent Apps

JPMorgan raised Meta to buy on September 10, citing the company's frontier AI models and agentic app as drivers with meaningful headroom for the stock.

US Wholesale Prices Rose 0.4% in August, Lifting Treasury Yields Before Fed Meeting

US producer prices climbed 0.4% in August as expected, lifting Treasury yields before the Federal Reserve's rate decision next week.

Apple Unveils $1,999 Foldable Duo iPhone at First Ternus Event

Apple debuted a $1,999 passport-shaped foldable iPhone called Duo and a pricier iPhone 18 Pro at its first showcase led by new CEO John Ternus.

Meta Unveils Muse AI Agent That Sends Emails and Makes Payments

Meta launched Muse, an autonomous AI assistant that sends emails and makes payments, offered free or at $20 and $100 monthly tiers.

Qualcomm Stock Jumps 10% on $4 Billion Amazon Custom Chip Deal

Qualcomm shares rose about 10% after unveiling a roughly $4 billion custom chip partnership with Amazon for AI data centers, challenging Nvidia's lead.

Dow Slides 400 Points as US-Iran Strikes Push Oil to Six-Week High

The Dow slid roughly 400 points as renewed U.S.-Iran attacks pushed Brent crude to a six-week high, with energy shares leading a mixed Wall Street session.

GE Aerospace to Buy Castings Maker CPP for $11.75 Billion

GE Aerospace said on Tuesday it will acquire castings maker Consolidated Precision Products for $11.75 billion from Warburg Pincus and Berkshire Partners.

Novartis Shares Drop 9% After Three Drug Trial Setbacks Rattle Pipeline

Novartis shares fell 9% on Tuesday after three drug trial setbacks, including its del-desiran and cholesterol programs, raising pressure on its pipeline.