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Friday, January 30, 2026

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

City Tours

China Unveils ‘China Bound’: A Smart Tourism Platform for Global Travelers

China Daily has officially launched "China Bound," an innovative English-language smart-tourism service platform designed to revolutionize the travel experience for international visitors. This comprehensive digital hub aims to provide...

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

Iran’s foreign minister to meet Turkey’s Fidan in Ankara as US pressure on Tehran builds

Iran’s foreign minister will travel to Ankara for talks with Turkey’s Hakan Fidan as Ankara presses mediation to avert US military escalation, pushing a step-by-step approach on disputes including the nuclear file.

South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

S&P 500 and Nasdaq fall as investors question returns on Big Tech’s AI splurge

Wall Street fell as the S&P 500 and Nasdaq slid on fears that Big Tech’s soaring AI spending will take longer to pay off, with Microsoft and software stocks leading declines while the Dow also dipped.

China Unveils ‘China Bound’: A Smart Tourism Platform for Global Travelers

China Daily has officially launched "China Bound," an innovative English-language smart-tourism service platform designed to revolutionize the travel experience for international visitors. This comprehensive...

Qikou: A Glimpse into China’s Ancient Village and Cultural Resurgence

Nestled along the banks of the Yellow River, Qikou, a picturesque ancient village in North China's Shanxi Province, stands as a beacon of cultural...

Yellow River Museums League Seminar Promotes Cultural Development

A seminar for curators, organized by the Yellow River Museums League, recently took place in Yushu and Xining, located in Northwest China's Qinghai Province....

Reviving Cultural Heritage through Tourism in China

A stall featuring intangible cultural heritage products, particularly hand-made cloth tigers, attracted a crowd of visitors in a scenic area of Licheng county, in...

Changxing Dragon Boat Festival: A Vibrant Celebration of Tradition and Community

In the quaint and picturesque Changxing County of Zhejiang Province, a vibrant tradition comes alive during the annual Duanwu Festival, also known as the...

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