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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.

South Korean President Lee Visits China Amidst Regional Tensions and North Korean Missile Launches

South Korean President Lee Jae Myung arrived in Beijing for a four-day state visit on January 4, 2026, aiming to bolster ties with China...

Hong Kong Ignites Urban Vitality and Tourism Boom with Mega Events in 2025

Hong Kong experienced a landmark year in 2025, successfully hosting a diverse array of mega events that significantly boosted tourism and revitalized urban life....

China Condemns US Actions in Venezuela, Demands Maduro’s Release

China has strongly condemned the United States' military actions in Venezuela, which resulted in the capture of President Nicolas Maduro and his wife. Beijing...

China Tightens Grip on AI and Online Health Content Amidst Mental Health and Misinformation Concerns

China is implementing stringent new regulations aimed at curbing the negative impacts of artificial intelligence on mental health and combating the spread of fake...

US and China Engage in Shifting Tensions Over Trade, Tech, and Security

The United States and China are navigating a complex and evolving relationship, marked by a recent shift in U.S. national security strategy that emphasizes...

Spring Festival Boosts China’s Tourism: Inbound and Outbound Travel Nears Pre-Pandemic Levels

During the Spring Festival holiday of 2024, China's tourism sector witnessed a significant surge, with approximately 13.52 million people traveling into and out of...

China Celebrates the God of Wealth: Embracing Prosperity on the Fifth Day of the New Year

On February 14, people across China participate in traditional festivities to honor the God of Wealth, Caishen, on his mythical birthday, seeking blessings for...

China Escalates Economic Strain on Taiwan, Revoking Tariff Concessions Amidst Pre-Election Tensions

China ends tariff concessions on Taiwan's imports, citing trade violations, amid escalating tensions and upcoming Taiwanese elections

Deadly Earthquake Strikes Northwestern China, Killing 126 in Worst Quake in Nine Years

Devastating earthquake hits northwest China's Gansu province on Dec. 19, 2023, leaving 126 dead and over 700 injured in its wake.

Political Pressures and Financial Struggles Lead to Demise of the China Project News Outlet

The abrupt closure of the China Project, a prominent English-language news website, has emerged as a stark symbol of the increasingly fraught media landscape,...

John L. Thornton Discusses Global Civilization and Development Initiatives at Beijing Forum

At the recent Inter-Civilizational Communication and Global Development Forum held in Beijing, John L. Thornton, Chair Emeritus of the US Brookings Institution, praised the...

Italian Ambassador’s Visit Strengthens Ties with Guangdong, China

Italian Ambassador to China, Massimo Ambrosetti, recently embarked on a significant diplomatic visit to South China's Guangdong Province, marking a further strengthening of the...

Imperial Impressions: The Palace Museum’s Inaugural Woodblock Print Exhibition

Beijing, China — In an event that marks a historical precedent, the Palace Museum threw open the doors to its very first woodblock print-themed...

Triumphant Return of Shenzhou-16 Taikonauts Marks Historic Milestone in China’s Space Exploration

Beijing, China - In a historic homecoming, the three Shenzhou-16 taikonauts, Jing Haipeng, Zhu Yangzhu, and Gui Haichao, touched down in Beijing on Tuesday,...

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