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.

ANZ Appoints Chris Raciti as Country Head of Singapore with Regional Oversight

ANZ has announced that Chris Raciti will take on the role of country head for Singapore, with regional oversight of the bank’s operations in...

Global Alconaba in Talks with Daniel Kretinsky for Tender Offer on Prisa Shares

Global Alconaba, a minority shareholder in Spanish media giant Prisa, is reportedly in discussions with Czech billionaire Daniel Kretinsky to launch a tender offer...

Nissan to Invest Over $1.3 Billion in China by 2026

Nissan Motor has announced plans to invest over 10 billion yuan (approximately $1.37 billion) in China by the end of 2026. This significant investment...

Chinese Authorities Urge E-Commerce Platforms to End Refund-Without-Return Policy

Chinese authorities have directed e-commerce platform operators to cease the practice of refunding customers without requiring the return of goods, in an effort to...

Xiaomi Denies YU7 Electric SUV Launch Delay Amid Shanghai Auto Show Absence

Xiaomi, the Chinese tech giant, has denied reports suggesting a delay in the launch of its highly anticipated YU7 electric SUV. In a statement...

CATL Unveils Breakthrough Superfast Charging Battery and New Sodium-Ion Tech

On Monday, China’s CATL, the world’s largest supplier of electric vehicle (EV) batteries, unveiled a range of new products, including a groundbreaking superfast charging...

Instagram Launches Edits App as Rival to TikTok’s CapCut

On Tuesday, Instagram launched its new standalone video creation app called Edits, designed to offer a suite of tools for creators to shoot, organize,...

Tesla Short Sellers Gain $11.5 Billion as Stock Plunges in 2025

Tesla shareholders have faced a punishing 2025 so far, while short sellers betting against the stock have enjoyed extraordinary profits. According to S3 Partners,...

Meta Faces $7 Billion Ad Revenue Risk Amid China Tariffs and Retail Pullback

Meta’s core advertising business may suffer a significant financial blow this year, with analysts projecting a potential $7 billion revenue loss due to escalating...

Tesla Eyes India Entry Amid Trade Tensions and Tariff Challenges

Tesla is carefully weighing its entry into the Indian market, according to Chief Financial Officer Vaibhav Taneja, who spoke during an earnings call on...

Tesla’s Optimus Robot Production Hit by China’s Rare Earth Export Curbs

Tesla CEO Elon Musk has confirmed that China’s newly imposed export controls on rare earth magnets are affecting the company’s production of its Optimus...

Fruitist Surpasses $400M in Sales with Jumbo Blueberries, Eyes IPO

Fruitist, a berry-focused startup formerly known as Agrovision, has officially rebranded as it crosses a major milestone of $400 million in annual sales. Known...

Manhattan’s $110M Penthouse Defies Market Volatility Amid Tariff Turmoil

As global markets react to trade uncertainty and steep declines in the Dow Jones Industrial Average, New York’s luxury real estate market is showcasing...

RTX and GE Aerospace Face $1 Billion Tariff Impact Under New Trade Policy

RTX and GE Aerospace, two of the United States’ leading aerospace and defense manufacturers, are bracing for a combined financial impact of over $1...

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