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.

U.S. Home Sales Slide in March Amid High Mortgage Rates and Economic Worries

The spring housing market is off to a sluggish start, largely impacted by elevated mortgage rates and broader economic concerns. Sales of previously owned...

Tariffs Push Consumer Companies to Cut Forecasts Amid Economic Uncertainty

Consumer companies across various sectors are cutting their financial forecasts as tariffs continue to raise costs and dampen consumer sentiment. Major players, including Procter...

BMW to Integrate DeepSeek AI in China-Made Vehicles Starting This Year

BMW has announced plans to incorporate artificial intelligence developed by Chinese startup DeepSeek into its new vehicle models in China beginning later this year....

Porsche to Launch China-Exclusive Infotainment System in 2026

Porsche has announced it will introduce an exclusive infotainment system designed specifically for the Chinese market in 2026, a move that underscores the luxury...

Mercedes-Benz Urges EU-China Cooperation on EV Tariffs

Mercedes-Benz CEO Ola Källenius has voiced strong support for a collaborative and balanced approach to resolving trade tensions between the European Union and China...

Lynk & Co 900 Garners Over 40,000 Pre-Orders Before Launch

Chinese automaker Lynk & Co, a brand under the Geely Auto Group, revealed during the Shanghai Auto Show that its forthcoming 900 model has...

Akzo Nobel Reports Q1 Profit Beat Amid Tariff Concerns

Akzo Nobel, the Dutch company behind Dulux paints, reported stronger-than-expected first-quarter profits while maintaining that the ongoing tariff dispute between the United States and...

Zhipu AI Expands Globally with Alibaba Cloud Partnership Amid IPO Plans

China’s Zhipu AI is intensifying its international presence through a strategic partnership with Alibaba Cloud, as the artificial intelligence startup sets the stage for...

BP Faces Potential Share Buyback Cuts Amid Oil Price Pressures

BP is facing increasing scrutiny from investors and analysts amid concerns that the energy giant may be forced to scale back or suspend its...

GAC Commits to Safety Responsibility for Level 4 Autonomous Vehicles

Guangzhou Automobile Group (GAC), one of China’s prominent automakers, has announced its commitment to assuming full responsibility for the safety of Level 4 autonomous...

Cathay Pacific Anticipates Drop in China-U.S. Cargo Demand Amid Tariff Shifts

Cathay Pacific Airways, one of Asia’s leading air freight operators, has expressed concerns about a potential downturn in air cargo demand between mainland China...

Bank of Japan Warns Financial Institutions to Brace for Rising Market Risks

The Bank of Japan has urged Japanese financial institutions to remain vigilant in the face of increasing risks tied to heightened volatility in global...

European Pharma Executives Call for Higher Drug Prices to Boost Investment

The leaders of two major European pharmaceutical companies have called for the European Union to allow drug prices to rise to levels comparable to...

Fanuc Delays Fiscal Year Forecasts Due to Uncertainty from U.S. Tariffs and Global Economic Conditions

Fanuc Corp, a leading Japanese robotics company, announced on Wednesday that it will not be able to report its financial forecasts for the current...

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