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

Microsoft Cuts 6,000 Jobs Globally in Organizational Restructuring

Microsoft has announced a significant restructuring effort that includes laying off approximately 6,000 employees, representing about 3% of its global workforce. The job cuts...

Spirit Airlines Introduces Premium Seating and Cardholder Perks in 2025 Strategy Shift

Spirit Airlines announced the rollout of new premium offerings aimed at attracting more upscale leisure travelers. The airline will begin installing an extra-legroom seating...

Hertz Shares Drop 17% Following Q1 Losses and $250 Million Stock Offering

Hertz Global shares fell sharply on Tuesday after the rental car company posted weaker-than-expected first-quarter earnings and announced a $250 million stock offering aimed...

YouTube to Stream NFL Week 1 Game for Free in Global First

YouTube will stream its first-ever full National Football League game live and for free on September 5, marking a significant milestone in sports broadcasting....

American Eagle Writes Down $75M in Inventory Amid Falling Sales

American Eagle has announced a $75 million inventory write-down tied to unsold spring and summer merchandise and has withdrawn its full-year guidance for fiscal...

Tech Stocks Soar $837 Billion After U.S.-China Tariff Pause

The so-called "Magnificent 7" group of major tech stocks saw a dramatic surge in market value, adding a combined $837.5 billion on Monday following...

U.S. Tariff Revenue Hits Record High in April Amid Soaring Customs Duties

Receipts from U.S. tariffs surged to a record high in April, as the financial impact of President Donald Trump’s trade measures began to materialize...

Honda Profits Tumble as Tariffs Impact Outlook and Future Earnings Forecast

Honda reported a steep decline in its fourth-quarter operating profit, missing analyst expectations as the Japanese automaker braces for the continued impact of U.S....

Stock Futures Drop Ahead of Inflation Data After Major Market Rally

Stock futures declined early Tuesday, following a significant rally the previous day, as investors awaited a closely watched inflation report. Dow Jones Industrial Average...

UK Artists Oppose AI Copyright Reforms, Demand Stronger Protections

A group of prominent British musicians, including Elton John and Dua Lipa, are urging the U.K. government to reconsider its approach to copyright laws...

KindlyMD Merges with Nakamoto Holdings in $710M Crypto Deal

Shares of KindlyMD soared by 250% on Monday following the announcement of its merger with Nakamoto Holdings, a bitcoin investment company founded by David...

Trump Sons’ Bitcoin Mining Company Set to Go Public via Merger

A bitcoin mining company backed by President Donald Trump's sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq...

Trump Talks to Tim Cook as U.S. and China Suspend Tariffs

President Donald Trump shared that he had spoken with Apple CEO Tim Cook following the announcement that the U.S. and China had agreed to...

Perplexity AI in Talks for $500 Million Raise at $14 Billion Valuation

Perplexity AI is in advanced discussions to raise $500 million in funding, with a valuation of $14 billion. Accel, a venture capital firm based...

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