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

Figma Prices IPO at $33, Raising $1.2 Billion and Valuing Company at $19.3 Billion

Figma, the collaborative design platform, has officially priced its initial public offering at $33 per share, surpassing its projected range of $30 to $32....

eBay Shares Surge 10% After Strong Q2 Results and Positive Outlook

Shares of eBay jumped 10% in extended trading after the company posted stronger-than-expected results for the second quarter and issued an optimistic forecast for...

Mark Zuckerberg Commits to Sustained AI Investment Amid Industry-Wide Spending Surge

Meta CEO Mark Zuckerberg confirmed plans to maintain aggressive spending on artificial intelligence well into next year, aligning with similar moves by other leading...

Samsung Q2 Earnings Miss Expectations Amid Sharp Chip Profit Decline

Samsung Electronics reported a second-quarter operating profit of 4.7 trillion Korean won ($3.38 billion), falling short of analyst expectations due to a dramatic 93.8%...

Elon Musk’s Boring Company Faces Scrutiny Over Nashville Tunnel Project

Elon Musk’s tunneling company, The Boring Company, recently announced plans to build a 10-mile underground transit loop in Nashville, Tennessee, with strong backing from...

Nvidia Faces Heightened Scrutiny from China Amid H20 AI Chip Export Resumption

Nvidia has received approval from Washington to resume exports of its H20 AI processing units to China, yet the chips may encounter increased scrutiny...

Cinemark Expands Premium Screen Offerings Ahead of Major Film Releases

Cinemark, the third-largest cinema chain in the U.S., is gearing up for a surge in moviegoers by expanding its premium theater offerings. The company...

Ford Beats Q2 Revenue Expectations and Reinstates Full-Year Guidance Despite Tariff Challenges

Ford Motor reported second-quarter revenue that exceeded expectations and reinstated its full-year guidance, despite ongoing challenges from tariffs imposed by the U.S. government. The...

Justice Department Drops Charges Against Fat Brands and Chair Andy Wiederhorn

The Justice Department has decided to drop its case against Fat Brands and its chairman Andy Wiederhorn, ending a federal prosecution that began in...

Starbucks Shows Early Signs of Turnaround Despite Earnings Miss and Declining Sales

Starbucks is beginning to show early signs that its turnaround strategy is gaining momentum, despite reporting quarterly earnings that missed expectations and another period...

High Noon Recalls Vodka Seltzer After Packaging Mix-Up with Celsius Energy Drink

High Noon, one of the leading ready-to-drink alcohol brands in the U.S., has announced a recall of select Beach Variety 12-packs of its vodka...

AI-Generated ASMR Videos Offer Stress Relief and Sensory Escape

Yin Chenxi, a second-year postgraduate student, was working on her thesis when a video on the Chinese platform RedNote caught her attention. Tagged with...

India Becomes Top U.S. Smartphone Exporter, Surpassing China

India has officially surpassed China as the largest exporter of smartphones to the United States, marking a pivotal shift in the global electronics supply...

Europe Invests Billions in AI Gigafactories to Regain Global Competitiveness

Europe is moving forward with ambitious plans to establish AI gigafactories as part of its strategy to revitalize its artificial intelligence sector and secure...

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