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.

Oil Prices Rise Amid U.S.-China Trade Hopes, But Weekly Decline Looms

Oil prices experienced a modest increase for the second consecutive session on Friday, driven by signs of a potential easing of tensions in the...

Revolut Hits $1 Billion Profit as It Prepares UK Bank Launch

British fintech firm Revolut has reached a major milestone, announcing a net profit of £1.1 billion ($1.5 billion) for the year ending December 31,...

Adobe to Launch Mobile Version of AI Image Generator Firefly

Adobe has announced plans to launch a mobile version of its Firefly AI image generation tool, enhancing its challenge to competitors like OpenAI. At...

South Korea Investigates DeepSeek for Unauthorized Data Transfers

South Korea's data protection authority, the Personal Information Protection Commission (PIPC), has determined that Chinese AI startup DeepSeek collected personal data from local users...

ServiceNow Shares Surge After Strong Q1 Results and Upbeat Forecast

ServiceNow saw its shares surge more than 15% after posting stronger-than-expected first-quarter results and issuing an optimistic full-year forecast, despite the ongoing macroeconomic uncertainties....

Meta Lays Off Employees in Reality Labs as It Restructures for Future VR and AR Growth

Meta has made significant layoffs in its Reality Labs division, which focuses on developing virtual reality (VR), augmented reality (AR), and related wearable devices....

Waymo Surpasses 250,000 Weekly Robotaxi Rides as It Expands in the U.S.

Alphabet's autonomous vehicle division, Waymo, has hit a new milestone, now delivering more than 250,000 paid robotaxi rides per week across the United States....

Intel Warns of Recession Risks Amid Tariff Uncertainty and Trade Disruptions

Intel’s Chief Financial Officer David Zinsner warned that rising tariffs imposed by the U.S. and retaliatory measures from other countries are significantly increasing the...

Alphabet Flags Ad Headwinds Amid Tariff Uncertainty and Global Economic Jitters

Alphabet, the parent company of Google, acknowledged potential challenges to its core advertising business as global economic uncertainty, fueled by President Donald Trump’s new...

Procter & Gamble Cuts Forecast as Tariffs and Weaker Demand Hit Sales

Procter & Gamble posted mixed results for its fiscal third quarter, impacted by declining demand and market uncertainties. While the company slightly exceeded analysts’...

PepsiCo Cuts 2024 Forecast Amid Weak U.S. Demand and Economic Uncertainty

PepsiCo delivered mixed first-quarter results as strong international performance helped counterbalance weaker demand in North America. The company also lowered its full-year earnings forecast...

American Airlines Withdraws 2025 Guidance Amid Weak Leisure Demand and Economic Uncertainty

American Airlines has withdrawn its financial guidance for 2025, citing increasing economic uncertainty and a notable decline in domestic leisure travel. The decision places...

Hasbro Braces for $300M Impact From China Tariffs, Eyes Supply Chain Shift

Hasbro, the iconic toy maker behind brands like Play-Doh and Monopoly, reported stronger-than-expected earnings, but investor attention remained fixed on the escalating trade tensions...

U.S. Spirits Exports Hit Record $2.4 Billion Amid Trade Uncertainty

U.S. spirits exports surged to a record $2.4 billion in 2024, marking a significant rebound as distillers regained lost market share following the removal...

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