Business

FTC and 22 States Sue Amazon Over Inflated Ad Auction Prices

The FTC and 22 states sued Amazon on Monday, alleging it overcharged 1.2 million advertisers by inflating online ad auction prices.

US Army Secretary Dan Driscoll Resigns After 18 Months on the Job

US Army Secretary Dan Driscoll is stepping down after 18 months, the White House said Monday, amid reported friction with Defense Secretary Pete Hegseth.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

PG&E Sinks 18%, Edison Falls 23% as California Wildfire Bill Omits Liability Cap

PG&E fell 18% and Edison International 23% after a California wildfire bill offered victim protections but no cap on utility liability, exposing investors

Supreme Court Lets Trump Continue $400 Million White House Ballroom Construction

A divided US Supreme Court ruled 5-4 on Monday to let the White House continue building a $400 million ballroom while lawsuits proceed. Roberts dissented.

Alibaba Leverages AI to Challenge Meituan in China’s Local Services Arena

Alibaba Group Holding Ltd. is intensifying its competition with Meituan in China's lucrative local services market by rolling out a new AI-powered tool for...

Shanghai Unleashes $10 Billion Tech Offensive Amidst US-China Rivalry

Shanghai has announced a significant investment of over $10 billion (70 billion yuan) to bolster its high-tech industries, including artificial intelligence, semiconductors, and aviation....

Anta Sports Weighs Major Acquisition of Puma, Sparking Industry Buzz

Chinese sportswear giant Anta Sports Products is reportedly exploring a potential takeover of German athletic brand Puma. The move, if successful, would represent a...

China’s Green Ambitions: A Strategic Economic Gambit

China is increasingly leveraging its ambitious climate goals as a strategic economic advantage. By investing heavily in renewable energy and green technologies, the nation...

Meta’s $2 Billion AI Acquisition: Manus Deal Signals Strategic Shift and China Exit

Meta has announced a blockbuster acquisition of AI startup Manus for over $2 billion, a move that underscores the tech giant's aggressive investment in...

Chinese AI Challenger Z.ai Aims for $560M IPO, Taking Aim at OpenAI’s Dominance

Chinese artificial intelligence powerhouse Z.ai has filed for an initial public offering on the Hong Kong Stock Exchange, seeking to raise approximately $560 million....

China’s Dollar Bonds Match US Treasury Yields, Signaling Strong Investor Confidence

China has successfully issued $4 billion in dollar-denominated bonds, with a significant portion priced at yields comparable to U.S. Treasuries. This development underscores a...

China’s Rocket Race Heats Up: iSpace Secures Major Funding Amidst Reusable Rocket Advancements

Chinese launch startup iSpace has announced a significant Series D+ funding round of $98 million, bolstering its development of the reusable Hyperbola-3 rocket. This...

Navigating Forex Volatility: US-China Trade Tensions and Fed Policy Shape Currency Markets

Global forex markets are experiencing significant fluctuations, driven by the ongoing US-China trade negotiations and the US Federal Reserve's monetary policy stance. Investors are...

China Targets $980 Billion Sports Economy by 2030

China is embarking on an ambitious plan to significantly expand its sports sector, aiming to reach a valuation of 7 trillion yuan (approximately $980...

China’s Central Bank Bolsters Yuan Stability and Eases Forex Transactions

China's central bank and foreign exchange regulator are implementing a series of measures aimed at stabilizing the yuan and streamlining foreign exchange transactions. These...

China’s Robot Sports Arena: A Glimpse into the Future of Home Humanoids

On the outskirts of Beijing, a new kind of athlete is taking the field – humanoid robots. China is rapidly advancing its humanoid robot...

China Charts Course for 2026: Proactive Policies, Consumer Boost, and Strategic Tariff Adjustments

China is signaling a proactive approach to its economic trajectory for 2026, with significant policy adjustments aimed at bolstering domestic demand and fostering strategic...

China’s Manufacturing Sector Navigates Overcapacity, Expansion, and Export Curbs

China's manufacturing sector is presenting a complex picture, marked by signs of overcapacity and industrial expansion, while simultaneously implementing export restrictions on key materials....

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