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 -

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

Snowflake Stock Spikes 22% After AI-Fueled Forecast Beats Estimates

Snowflake shares spiked about 22% after the data-cloud company beat estimates with an AI-fueled forecast and momentum in its code-writing agent.

Netherlands Moves $10bn in Gold From US and Canada to London

The Dutch central bank has shifted about $10 billion in gold from the US and Canada to the Bank of England, citing crisis preparedness and faster tradabili

Global Bond Yields Soar as Higher-Rate Era Squeezes Borrowers Worldwide

Government bond yields climbed across the U.S., Japan, and Europe this week, driven by heavy debt issuance, an oil-price shock, and expectations of prolong

2-Year Treasury Yield Hits Highest Since January on Hot Jobs Data

The 2-year Treasury yield rose to its highest since January 2025 on September 4 after a hot jobs report revived expectations of a Fed rate hike.

Diesel Hits Record High as Refinery Outages Push Brent Toward $95

Diesel prices hit a record high as war-driven refinery outages in Russia and Iran push Brent crude toward $95 a barrel, reviving inflation worries.

U.S. Adds 162,000 Jobs in August, Tripling Forecasts and Rattling Markets

The U.S. added 162,000 jobs in August, far above forecasts, with unemployment steady at 4.1%. Markets fell as rate-hike expectations rose.

AMC CEO Threatens SEC Complaint Over Robinhood’s Tokenized Shares

AMC chief Adam Aron said he may file an SEC complaint over Robinhood's tokenized shares, calling the practice inexcusable. AMC rose 6%.

China Rejects G20 Trade-Imbalance Claims, Rules Out Yuan Devaluation

China rejected G20 criticism of its export-driven growth in Asheville, with the central bank denying it pursues surpluses or plans to weaken the yuan.

Fed’s Waller Backs Holding Rates Steady at September Meeting

Fed Governor Christopher Waller said Wednesday he would support keeping rates unchanged at the September meeting if inflation continues to cool.

Adobe Names Anil Chakravarthy CEO as Shantanu Narayen Steps Back

Adobe promoted veteran Anil Chakravarthy to chief executive as Shantanu Narayen becomes executive chairman, with shares slipping on a separate executive de

Yen Surges 1.7% to One-Month High on Bank of Japan Rate-Hike Bets

The yen jumped more than 1.7% to 155.85 against the dollar on Thursday, a one-month high, as traders bet the Bank of Japan will raise interest rates.

Volkswagen Approves Turnaround Plan, Flags Up to 50,000 More Job Cuts

Volkswagen's board approved a restructuring plan that could cut up to 50,000 more jobs by 2030, raising total planned reductions to about 100,000.

U.S. Regulator Probes Nearly 1,000 Tesla Cybercabs as Stock Falls on Launch

U.S. auto safety regulators opened a probe into nearly 1,000 Tesla Cybercabs on Thursday as the Austin launch fell short of investor expectations.

Nvidia Buys Hugging Face for $13 Billion, Keeping It Open Source

Nvidia agreed to acquire AI platform Hugging Face for $12.93 billion, pledging to keep the developer hub open source and independent of its own hardware.

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