Business

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

Typhoon Dolphin Drives Hong Kong to Hottest Day on Record as Eastern China Evacuates Millions

Hong Kong hit 36.9C, its hottest in 142 years, as Typhoon Dolphin brought extreme heat and drove mass evacuations across eastern China.

Pentagon Presses US Defense Firms to Accelerate Weapons Output Amid Depleted Stockpiles

The Pentagon is urging US defense contractors to accelerate munitions production amid depleted stockpiles and rising global security concerns.

El-Sayed and Stevens Square Off in Closely Watched Michigan Senate Primary

Michigan Democrats choose Tuesday between progressive Abdul El-Sayed and Rep. Haley Stevens in a closely watched Senate primary for Gary Peters' open seat.

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

Air Traffic Control Failure at Newark Spurs Flight Delays and Infrastructure Concerns

Air traffic controllers at Newark Liberty International Airport temporarily lost radar and communications with aircraft on April 28, causing significant disruptions and exposing critical...

Trump Signs Order to Boost U.S. Drug Manufacturing and Curb Imports

President Donald Trump signed an executive order aimed at revitalizing pharmaceutical manufacturing within the United States. The move comes amid growing concerns over dependency...

Ford Beats Q1 Estimates but Suspends 2025 Outlook Due to Tariffs

Ford Motor Company surpassed Wall Street expectations for the first quarter of 2025 but has suspended its full-year financial guidance due to the anticipated...

Virtual K-pop Group PLAVE Breaks Records and Hearts Worldwide

PLAVE, a rising star in the K-pop world, is capturing hearts globally—despite not being made of flesh and blood. The five-member group—Yejun, Noah, Eunho,...

Kentucky Derby 2025 Proceeds Amid Economic Uncertainty and Baffert’s Return

The 151st Kentucky Derby is set to unfold this Saturday at Churchill Downs, with global economic challenges and construction delays framing the lead-up to...

TikTok Fined €530 Million Over Data Transfers to China by Irish Regulator

TikTok has been fined 530 million euros ($601.3 million) by Ireland’s Data Protection Commission (DPC) for violating the European Union’s General Data Protection Regulation...

China EV Makers Report Mixed April Sales as Safety and Innovation Take Focus

Chinese electric vehicle maker Xpeng reported deliveries of 35,045 units in April, maintaining its streak of exceeding 30,000 monthly deliveries for the sixth month...

Tether Plans U.S. Stablecoin Launch Amid Political Outreach and Regulatory Push

Tether, the world’s leading stablecoin issuer, is preparing to launch a new U.S.-based stablecoin, with the rollout expected as early as the end of...

Dickson Poon Moves to Take Dickson Concepts Private Amid Retail Downturn

Hong Kong tycoon Dickson Poon has proposed taking his flagship company, Dickson Concepts (International), private amid a grim outlook for the city's retail sector....

Alibaba Launches Instant Delivery Service Early to Challenge JD.com and Meituan

Alibaba Group Holding has launched its new fast-delivery service, Taobao Instant Commerce, ahead of schedule in a move that intensifies competition with JD.com and...

Hong Kong Stocks Climb as AIA and Xiaomi Rally Amid Economic Concerns

Hong Kong stocks rose on Wednesday, supported by gains in key index constituents such as AIA and Xiaomi, which helped offset concerns about China’s...

HKEX Posts Record Q1 Profit Amid Surge in IPOs and Trading Volume

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, reported a record-breaking net profit of HK$4.08 billion (US$526 million) for...

TSMC Begins Construction on Third Arizona Chip Plant in Major U.S. Expansion

Taiwan Semiconductor Manufacturing Company (TSMC) has broken ground on a third chip fabrication plant in Arizona, reinforcing its commitment to significantly expand its operations...

Pop Mart Launches Playground Magazine to Strengthen Brand and Global Reach

Chinese toymaker Pop Mart has expanded its brand into the publishing world with the launch of its own pop culture magazine, Playground. The biannual...

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