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.

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.

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

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

10-Year Treasury Yield Breaks Out, Rattling Stocks and Testing Bessent

The 10-year Treasury yield has broken higher, pressuring stocks and raising the prospect of 5% as government borrowing and inflation weigh on markets.

Trump Presses Apple to Rename Lake Ontario ‘Lake America’ on Maps

U.S. Interior Secretary says Apple may change 'Lake Ontario' to 'Lake America' on its maps after Trump talk, following Google's switch for U.S. users.

Micron Holds Third-Lowest Valuation in S&P 500 Despite AI Rally Lead

Micron trades at the third-lowest valuation in the S&P 500 despite leading the AI rally, as investors weigh its shift toward contracted memory revenue.

Oil Surges Toward $100 After Fresh US-Iran Strikes Rattle Markets

Crude prices jumped Sunday after renewed US-Israeli strikes on Iran, lifting energy firms and banks while airlines and automakers absorbed higher fuel cost

OpenAI Acknowledges ‘Wiki Incident’ and Calls for More AI Transparency

OpenAI acknowledged a security episode it called the 'wiki incident' and conceded it needs more transparency around unintended AI agent behavior.

Apple Names John Ternus CEO, Ending Tim Cook’s 15-Year Tenure Tuesday

John Ternus took over as Apple's CEO on Tuesday, ending Tim Cook's 15-year tenure. Cook becomes executive chairman as the company faces AI challenges.

MapQuest Tops US App Chart After Defying Trump’s ‘Lake America’ Order

MapQuest overtook Google and Apple Maps atop the US download chart after refusing to rename Lake Ontario 'Lake America' following Trump's executive order.

Amazon Stock Falls After FTC Sues Over Advertising Auction Practices

Amazon shares extended losses on September 1 after the FTC sued the company over advertising auction practices, alleging it overcharged sellers.

BP Names Ian Tyler Permanent Chair After Manifold Ousting

BP appointed Ian Tyler as permanent chair on Wednesday, ending a search that followed the contentious removal of Albert Manifold in May.

Ryanair Warns European Air Fares Will Rise as Jet Fuel Hits $140

Ryanair cut its annual passenger target to 214 million on Wednesday and warned European air fares will rise if jet fuel stays near $140 a barrel.

American Airlines Adds Flagship Suites to Boeing 777 Jets for Long-Haul Flights

American Airlines is installing its Flagship Suite premium cabins on its largest Boeing 777 jets, targeting its busiest long-haul international routes.

Anthropic Nears $15 Billion Pre-IPO Loan, Taps Morgan Stanley for Listing

Anthropic is close to finalizing a $15 billion pre-IPO credit facility and nearing selection of Morgan Stanley and Goldman Sachs for a listing eyed for mid

Broadcom Stock Falls as In-Line Guidance Leaves Investors Wanting More

Broadcom shares dropped after quarterly guidance met analyst estimates but fell short of the higher bar investors had set for its AI business.

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