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.

Australian Dollar Leads Gains as U.S.-China Trade Talks Boost Market Sentiment

The Australian dollar led the charge against the U.S. dollar on Friday, boosted by signals of a potential thaw in trade relations between the...

Oil Prices Rise Slightly on U.S.-China Trade Talk Hopes Amid OPEC+ Supply Concerns

Oil prices saw a slight uptick on Friday following news that China was open to discussing tariffs with the United States, fueling optimism that...

Chinese Car Manufacturers Adapt to EU Tariffs with Increased Sales of Plug-in Hybrids

Chinese automakers, including BYD and Chery, have ramped up sales of plug-in hybrid vehicles (PHEVs) in the European Union as a strategy to bypass...

JetBlue Pilot Union Opposes Domestic Partnership with United Airlines

JetBlue Airways is facing opposition from its pilot union over a proposed domestic partnership with another airline, which the union argues could significantly alter...

Trade Tensions and Global Markets: De-Escalation Hopes Boost Risk Sentiment

Markets were given a boost on Friday by the prospect of de-escalation in trade tensions between Beijing and Washington, lifting global stocks and improving...

Basel Committee Defends Swiss Bank Capital Rules Amid UBS Concerns

The head of the Basel Committee on Banking Supervision, Neil Esho, defended Switzerland's current bank capital rules, countering claims by UBS that tougher regulations...

Standard Chartered Reports 10% Profit Rise Despite Geopolitical Concerns

Standard Chartered reported a 10% rise in its first-quarter profit, driven by strong performances in wealth, markets, and other fee-based businesses, which helped offset...

Danske Bank Reports Strong Q1 Profits and Resilient Nordic Market Outlook

Danske Bank, Denmark’s largest lender, reported better-than-expected first-quarter profits, which boosted its shares. The bank’s net profit for the period between January and March...

Carlyle Group Sells 10.44% Stake in PNB Housing Finance via Block Deals

The Carlyle Group, a U.S.-based private equity firm, has divested its entire 10.44% stake in India’s PNB Housing Finance through a series of block...

Mitsubishi Corporation Predicts 26% Drop in Profit for Fiscal Year Ending March

Mitsubishi Corporation, Japan’s prominent trading house, announced on Friday that it expects its net profit for the fiscal year ending March to decrease by...

Capital A Eyes Hong Kong Listing to Boost Global Capital Access Post-Recovery

Malaysia's Capital A, the parent company of low-cost airline AirAsia, announced that it is actively exploring a potential listing on the Hong Kong Stock...

Japanese Investors Boost Overseas Holdings Amid Trade Optimism and Strong Yen

Japanese investors continued to increase their exposure to foreign stocks for the sixth consecutive week, driven by growing optimism over a potential de-escalation in...

China Reviews U.S. Proposal for Trade Talks Amid Rising Tariff Tensions

Beijing has confirmed it is currently assessing a proposal from Washington to hold discussions over U.S. President Donald Trump’s newly imposed 145% tariffs, signaling...

Australia’s Antitrust Watchdog Reviews Lactalis Bid for Fonterra Units

Australia’s antitrust authority has initiated an informal review of Lactalis’ potential acquisition of select Fonterra assets, despite the French dairy company not having formally...

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