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

Best Buy to Launch Ikea Mini-Showrooms in Select Stores

Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea kitchen design elements alongside Best Buy’s home appliances. Starting this...

JPMorgan Chase Expands with 1,000 New Branches in Seven Years

JPMorgan Chase has opened 1,000 new branches over the past seven years, a number that surpasses the total locations of most of its competitors....

Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales

Moderna announced plans to reduce its global workforce by about 10% by the end of the year, responding to declining Covid vaccine sales and...

U.S. Tariffs on European Yachts Spark Concerns Among Buyers and Shipyards

The U.S. luxury boating market is bracing for turbulence after President Donald Trump announced plans for a 15% tariff on European-made goods, including recreational...

Trump Pressures Drugmakers to Slash Prices or Face Government Action

Donald Trump on Thursday escalated his campaign to lower U.S. drug prices, warning major pharmaceutical companies that they have 60 days to commit to...

Thousands of Public Servants Face Delays in Student Loan Forgiveness Amid PSLF Buyback Backlog

Katy Punch, a librarian in North Carolina, has served her community for over a decade—qualifying her for federal student loan forgiveness through the Public...

Palo Alto Networks to Acquire CyberArk in $25 Billion Cybersecurity Deal

Palo Alto Networks has announced plans to acquire Israeli identity security firm CyberArk in a deal valued at approximately $25 billion. Under the agreement,...

Ethereum Turns 10: A New Era of Institutional Adoption and Decentralized Growth

Ethereum has entered its second decade with renewed optimism, following years of underperformance and doubt about its long-term relevance. While its native token, ether...

Robinhood Surpasses Q2 Expectations with 45% Revenue Growth and Strong User Gains

Robinhood delivered better-than-expected second-quarter results, continuing its strong momentum as the top-performing large-cap U.S. tech stock of the year. The company reported earnings per...

OpenAI Launches First European Stargate AI Data Center in Norway

OpenAI announced the launch of a Stargate-branded AI data center in Norway, marking its first such initiative in Europe. The project will be developed...

Meta’s Reality Labs Posts $4.5 Billion Loss in Q2 Amid AR/VR Expansion

Meta’s Reality Labs division, responsible for developing augmented and virtual reality technologies, reported an operating loss of $4.53 billion for the second quarter. The...

Qualcomm Beats Q3 Expectations and Projects Strong Outlook Despite Apple Phase-Out

Qualcomm reported fiscal third-quarter results that exceeded analyst expectations, delivering adjusted earnings per share of $2.77 on revenue of $10.37 billion. Both figures narrowly...

Arm Shares Drop Despite Meeting EPS Expectations Amid Strategic Shifts

Arm Holdings saw its shares fall by as much as 9% in after-hours trading following its fiscal first-quarter earnings release. The company reported adjusted...

Microsoft Hits $4 Trillion Market Cap After Strong Earnings, Joins Nvidia at the Top

Microsoft has surged into the exclusive $4 trillion market cap club, following a post-earnings rally that sent its shares soaring 8% in after-hours trading....

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