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Tuesday, January 27, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

News

Finnish Prime Minister arrives in Beijing for four-day China visit with business delegation

Finnish Prime Minister Petteri Orpo arrived in Beijing for a four-day official visit with a major business delegation, aiming to strengthen Finland-China trade ties and expand cooperation in key industries.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Storm Chandra batters UK and Ireland with flooding, school closures and travel disruption

Storm Chandra brought heavy rain and strong winds to the UK and Ireland, triggering flooding, rescues, school closures, flight and ferry cancellations, and widespread power outages.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Iranian Rial Plummets to Record Low Amidst Protests and Economic Strain

Iran's currency, the rial, hits a record low of 1.5 million against the US dollar amid ongoing protests and international pressure.

Finnish Prime Minister arrives in Beijing for four-day China visit with business delegation

Finnish Prime Minister Petteri Orpo arrived in Beijing for a four-day official visit with a major business delegation, aiming to strengthen Finland-China trade ties and expand cooperation in key industries.

China’s top general investigated amid claims of nuclear leak and corruption

China is investigating top general Zhang Youxia for “serious violations” as reports allege corruption and a suspected leak of nuclear secrets to the US, escalating the latest PLA purge.

Beijing probes senior generals Zhang Youxia and Liu Zhenli, defence ministry says

China has opened an investigation into top military leaders Zhang Youxia and Liu Zhenli, deepening a sweeping PLA purge as Beijing tightens discipline and reshapes senior command.

China Fulfills Soybean Pledge Amidst U.S. Trade Uncertainty

China fulfills its 12 million ton soybean purchase pledge to the U.S. amidst trade tensions and policy uncertainty, offering farmers temporary relief but raising questions about future commitments.

Xi Jinping’s Anti-Corruption Drive: Nearly One Million Officials Punished in 2025

China's anti-corruption campaign has punished nearly one million officials in 2025, with President Xi Jinping calling for continued intensified efforts to root out graft and consolidate power.

China’s Mega-Embassy Plan in London Sparks Controversy Amidst Security Concerns

China's proposed mega-embassy in London faces opposition over security concerns, while intelligence agencies suggest risks are manageable. Learn more about the controversy.

Canada and China Forge New Trade Path: EV Tariffs Eased, Canola Gains

Canada and China reset trade ties with tariff cuts on EVs and canola, signaling a strategic shift amid global economic uncertainties.

China Intensifies Crackdown on Underground Churches, Detaining Leaders

Authorities in China have intensified their crackdown on unregistered Christian groups, with recent detentions of leaders from prominent underground churches. The Early Rain Covenant...

China Targets Scam Tycoons in Southeast Asia Amidst Widespread Crackdown

Beijing is intensifying its efforts to dismantle overseas scam operations, targeting the kingpins behind vast cyberfraud empires. This crackdown, driven by mounting public pressure...

Chinese Embassy Rescues Internet Celebrity Lured to Cambodia by Job Scam

A Chinese internet celebrity, known for her large following on short-video platforms, has been rescued by the Chinese embassy in Cambodia after being found...

Carney praises Xi as Canada seeks deeper cooperation with China amid global tensions

Canadian Prime Minister Mark Carney said relations between Canada and China are improving rapidly, praising Chinese President Xi Jinping’s leadership and arguing the two...

Beijing tells Chinese firms to stop using US and Israeli cybersecurity software, sources say

Chinese authorities have instructed domestic companies to stop using cybersecurity software from more than a dozen American and Israeli firms, according to people familiar...

China’s Long Arm Reaches New York, Silencing Independent Film Festival

An independent Chinese film festival planned for New York City has been abruptly cancelled due to intense pressure from Chinese authorities. The organizer, Zhu...

China’s Tourism Sector Surges Ahead, Poised to Become World’s Largest

China's travel and tourism industry is experiencing robust growth, driven by strategic government initiatives and expanding infrastructure. The World Travel & Tourism Council (WTTC)...

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