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

Google Agrees to EU AI Guidelines Amid Innovation Concerns

Google has announced its decision to sign the European Union’s voluntary code of practice for general-purpose AI models, a move intended to support broader...

Starbucks Launches Green Apron Service to Revitalize Customer Experience

Starbucks is refocusing its strategy on hospitality and personalized customer service as it works to reverse declining sales and regain market momentum. Through its...

UnitedHealth Issues Cautious 2025 Outlook Amid Rising Medical Costs

UnitedHealth Group has released its 2025 financial outlook, falling short of Wall Street's projections. The company expects adjusted earnings of at least $16 per...

Merck to Cut $3B in Costs by 2027 Amid Keytruda Patent Expiration and Tariff Pressures

Merck has announced plans to cut $3 billion in costs by the end of 2027, a strategic move aimed at offsetting anticipated revenue losses...

Stellantis Reinstates Guidance Amid €2.3B Loss, Forecasts Gradual Recovery

Stellantis, the automotive group behind brands like Jeep, Dodge, Fiat, Chrysler, and Peugeot, has reinstated its financial guidance after reporting a first-half net loss...

AI Chip Startup Rebellions Secures Samsung Investment, Eyes $200M Funding Round

South Korean AI chip startup Rebellions has secured fresh investment from tech giant Samsung and is currently in the midst of raising up to...

PayPal Beats Q2 Estimates but Faces Profitability Concerns

PayPal posted stronger-than-expected results for the second quarter but saw its shares drop more than 8% as concerns over profitability metrics emerged. While the...

Spotify Shares Tumble on Weak Earnings and Guidance

Spotify shares fell more than 11% Tuesday, marking their worst single-day performance since July 2023. The sharp decline followed disappointing second-quarter results and weaker-than-expected...

Rare Earth Elements: A Strategic Battleground in the U.S.-China Trade War

Rare earth elements consist of 17 elements on the periodic table with unique atomic structures that grant them special magnetic properties. These materials are...

Meta Overhauls AI Strategy After Setbacks with Llama 4, Invests Billions in Talent and Tech

Meta’s attempt to compete with OpenAI by emulating innovations from a Chinese AI startup backfired, prompting a major overhaul of its artificial intelligence strategy....

Apple Launches Manufacturing Academy in Detroit to Boost U.S. Manufacturing Skills

Apple is responding to growing pressure to increase U.S.-based manufacturing by launching the Apple Manufacturing Academy in downtown Detroit. Scheduled to open in August,...

Cash App Launches Pools to Expand Peer-to-Peer Payments Beyond Its Network

Cash App, owned by Block, is taking a bold step to enhance its peer-to-peer payment services with the launch of Pools, a new feature...

Palo Alto Networks Explores $20 Billion Acquisition of CyberArk Amid Cybersecurity Boom

Shares of CyberArk surged 13% after reports emerged that Palo Alto Networks, a major player in cybersecurity, is considering a purchase of the identity...

Anthropic Eyes $3-5 Billion Funding Round at $170 Billion Valuation

Anthropic, a leading artificial intelligence startup and competitor to OpenAI, is currently in discussions to raise between $3 billion and $5 billion in a...

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