Parisian Alexandre Martins still remembers Chinese electronics brand Xiaomi’s old stores in the French capital, where his parents and sister used to shop. “They were at good locations, like Chatelet [a commercial area in central Paris] … I used to go scout for stuff and then buy them online,” Martins said. The Chinese tech brand opened its first boutique in France in 2018, but had shut all of its stores in the country by 2022, opting instead to maintain a presence online and with partnered...

Group stepping in where 'everyone is struggling'

The BBC visits a community centre in one of Wolverhampton's most deprived areas.

How is a grass-roots soccer league scoring economic goals in China’s Jiangsu?

Football coach Pan Xin was impressed by the vibrant atmosphere at the Jiangsu City Football League’s opening match a month ago, but admits to being surprised it has persisted. The game drew a large crowd – including senior provincial officials – with cheerleaders adding a dash of colour, and was broadcast live by state media, he said. “It felt like a great start to the event, but I didn’t anticipate such a lasting impact,” said Pan, who coaches a youth football team in Danyang, Jiangsu...

Another brick in the wall: world’s largest Legoland opens in Shanghai in July

Trial operations started on Friday at the world’s largest Legoland theme park in Shanghai, as the city presses ahead with its goal to boost its status as a major global tourist destination. The US$550 million Legoland Shanghai Resort, located in the southwestern Jinshan district, could attract up to 2.4 million visitors a year once it officially opens on July 5, according to estimates by local government officials. The 318,000-square-metre entertainment complex – featuring eight themed areas, 75...

Telegram boss says he will leave fortune to over 100 children he has fathered

The technology tycoon said his children would not have access to their inheritance for 30 years.

How does Trump’s lack of trade deals strengthen Beijing’s hand?

The United States failed this week to reach a tariff deal with Japan, a key Pacific Rim ally, and has threatened to notify multiple countries of new duty rates on imports after talks with only one, the United Kingdom, have shown any results. Those developments, which made the US look weak in the short term, should prompt China to take a harder line with Washington on reaching a deal, analysts said. China, the world’s second-largest economy, was hit especially hard by US President Donald Trump on...

Hybrid Cars, Once Derided and Dismissed, Have Become Popular

Automakers and car buyers are taking a second, harder look at hybrids after leaving them behind for electric vehicles.

Insurers Pledge to Ease Controversial Prior Approvals for Medical Care

Major companies had faced mounting pressure to stop denying or stalling authorization of coverage for treatments and prescriptions.

Fed Governor Calls for Rate Cuts as Soon as July

Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.

Darden Restaurants beats earnings estimates, as Olive Garden parent predicts growth in 2026

Darden Restaurants on Friday beat Wall Street's earnings and revenue estimates, while the Olive Garden parent predicted solid growth for the fiscal year 2026.

Kroger's shares rise as grocer says shoppers seek lower prices, cook more at home

The supermarket operator said it's trying to attract value-driven shoppers with coupons

The flight patterns of private-jet setters are changing, says NetJets CEO

Despite uncertainty in markets and geopolitics, Patrick Gallagher told CNBC that the summer travel season is shaping up to be another strong one for NetJets.

The Markets Are Balancing on a Knife’s Edge

The world has been anything but peaceful, but you wouldn’t know that from looking at the markets.

Europe’s Growing Fear: How Trump Might Use U.S. Tech Dominance Against It

To comply with a Trump executive order, Microsoft recently helped suspend the email account of an International Criminal Court prosecutor in the Netherlands who was investigating Israel for war crimes.

How Trump’s Metals Tariffs Could Make Food and Beer Cans More Expensive

Tariffs on steel and aluminum may raise the cost of containers. Food and beverage companies say they can’t absorb the expense.

Tesla’s Robotaxi, Long Promised by Elon Musk, Joins a Crowded Field

Mr. Musk says the driverless taxis could begin ferrying passengers on Sunday in Austin, Texas, where other companies already have similar cars on the road.

Dan Storper, Founder of Putumayo World Music Label, Dies at 74

His record label, Putumayo, gathered sounds from around the globe and pushed them into the mainstream, selling 35 million compilation CDs worldwide.

New Digital Comics Store Takes Aim at Amazon

Two veterans of Comixology, a site that the e-commerce colossus bought in 2014, are now starting a rival to compete with it.

Large Oil Producers Around the Persian Gulf Ramp Up Exports

Saudi Arabia and other oil states are rushing to load tankers in case the Israel-Iran fighting spreads to export installations.

JPMorgan Chase beefs up mobile app with bond trading as bank targets $1 trillion in assets

JPMorgan, the biggest U.S. bank by assets and a leader across most major categories of finance, is relatively puny among online brokerages.

River Island set to close 33 shops

The retailer blames the rise of online shopping for its decision, which risks hundreds of jobs.

TikTok Users Call for Return of Blackberry and Other Retro Tech

Barely old enough to hold the devices when they were popular, young social media users are longing for “nostalgia tech.”

BBC threatens AI firm with legal action over unauthorised content use

It is first time that the BBC has taken such action regarding alleged scraping of its content for AI.

Chinese Tech Giants Have Big Ambitions in Brazil

Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names in Latin America’s biggest economy.

A Way for People With Low Credit Scores to Raise Them

A new study finds that tenants who pay their rent on time can see “significant increases” if the payments are reported to credit bureaus.

'Dismal' month for supermarkets pushes down retail sales

Sales volumes in May saw their biggest monthly fall since December 2023.

China’s magnet exports to US slammed in May as rare earth curbs hit: data

The volume of China’s export shipments of magnets to the US, a chokepoint in the ongoing trade war between the world’s two largest economies, plunged in volume by 93.3 per cent in May, year on year, according to the latest customs data. China exported around 46.4 tonnes of magnets to the US last month. It was also a sharp month-on-month decline of 81 per cent from 246.3 tonnes shipped in April. The total export of magnets, which dominate China’s critical minerals shipments, fell by nearly 74.3...

China’s new weapon in rivalry with the US – effective governance under pressure

Chinese President Xi Jinping recently commemorated the 120th birth anniversary of Chen Yun, one of the foundational economic planners of the Communist Party of China. Amid the commemoration’s celebratory tone, Xi’s speech signals a rhetorical shift. The references to communist conviction so prominent in the 2015 address delivered for Chen’s 110th birthday were relatively sparse in Xi’s remarks from earlier this month. Instead, there was polished language relating to development planning and...

Trump’s Two-Week Iran Notice Gives Markets a Lift

The president said he could take that long to decide whether to join a military fight against Iran. But that does little to quell investor uncertainty.

TikTok Hits Cannes, Where a U.S. Ban Seems a Distant Dream

TikTok executives hosted happy hours and played pickleball with influencers on the French Riviera this week, even as a U.S. ban loomed over the company.

Thames Water nationalisation prep 'stepped up'

The Environment Secretary Steve Reed says the government "stand ready for all eventualities".

Chinese and EU trade officials hold talks after von der Leyen outburst

Chinese commerce minister Wang Wentao and European trade commissioner Maros Sefcovic held a video call on Thursday, as the two sides strive to keep a lid on simmering economic tensions and pave the way for a leaders’ summit in Beijing. “Both sides agreed to work together to lay the groundwork for key economic and trade items on the China-EU agenda this year,” the Ministry of Commerce said in an online statement released on Friday. The two officials discussed a series of topics during the call,...

China warns of blind box ‘addiction’ among country’s youth

The official newspaper of China's ruling Communist Party has cautioned against an “addiction” to blind card packs and blind boxes among the country's youths as the summer holiday approaches. People’s Daily called for strict identity verification to curb the “out-of-control consumption” of blind boxes – opaque packages containing randomly chosen toys, models or cards – by minors in a report published on Friday. The items, with their allure of “unknown surprises,” have become highly sought-after...

Oil Tanker Collision Near Strait of Hormuz Raises Security Fears

The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, occurred amid increased reports of GPS interference.

'Crumbling' hospitals, schools and courts to get funding boost

The announcements on Thursday focussed on what the Chief Secretary to the Treasury Darren Jones called a "soaring maintenance backlog".

Mainland China, Hong Kong launching Payment Connect scheme to aid capital flows

China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move to open up its financial sector and also leverage the southern financial centre to better connect with the rest of the world. The Payment Connect programme will link the mainland’s Internet Banking Payment System and Hong Kong’s Faster Payment System (FPS), allowing users to make payments and wire money faster and more conveniently. The programme will begin on...

China urges officials to rein in overzealous dining austerity measures

Leading publications of China’s ruling Communist Party have urged local governments to implement strictures on lavish banquets carefully, an attempt to temper overzealousness amid concerns from the country’s beleaguered food and beverage industry. Qiushi, the party’s theoretical journal, said in a commentary piece on Friday that recent affirmations of the need for frugality in official meals are intended to limit extravagant practices, not ordinary dining. “Some local governments scrutinise...

Trump Travel Restrictions Bar Residents Needed at U.S. Hospitals

Limits on travel and visa appointments have delayed or prevented foreign doctors from entering the country for jobs set to begin in weeks.

Adorable or just weird? How Labubu dolls conquered the world

The dolls have almost tripled their maker's profits - and, according to some, energised Chinese soft power.

Word is bonds: China’s provinces use special-purpose funds to pay debts

Hunan has become the first province in China to use the proceeds of special-purpose bonds to guarantee government payments to enterprises, with 20 billion yuan (US$2.78 billion) allocated for this year. The inland province made the adjustment to its annual fiscal budget last month, marking the first time the bonds – typically earmarked for revenue-generating construction projects – will be used to cover government arrears. Proceeds will be distributed based on eligible outstanding debts from...

Tech giants unleash AI on weather forecasts: are they any good?

The biggest tech firms are using AI to forecast the weather but is that better than existing models?

Bank Transfer Signals Syria Is Making Strides in Ending Economic Isolation

The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.

Music shop closure brings fear for industry's future

Professional Music Technology closed their 11 UK stores after filing for administration in June.

Fed’s Interest-Rate Approach Keeps It on Collision Course With Trump

The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation

The Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter.

Millions more to get £150 off energy bills

The criteria has changed so 2.7 million more people will get the money automatically knocked off their bills.

Cannes Lions Festival Plays Host to a Messy Business Divorce

Michael Kassan, a ringmaster in the media industry, is going head to head at its top event with United Talent Agency, a company that has sued him.

New emissions guidance for oil and gas projects

This guidance will determine whether production can go ahead in the controversial Scottish fields, Rosebank and Jackdaw.

California Executives Sentenced for Continuing to Sell Dehumidifiers That Caught on Fire

The two California men were sentenced for continuing to sell the fire-prone dehumidifiers.

How much is the winter fuel payment and who will get it?

The government has confirmed it will reverse some of the recent changes to the winter fuel payment.

Interest rates held at 4.25% as Bank hints at further cuts to come

The central bank decides to hold interest rates at 4.25% with inflation remaining above its target level.

Zero Interest Rates Are Back in Europe

The Swiss National Bank lowered rates to zero after consumer prices fell last month. Other European central banks are grappling with uncertainty caused by President Trump’s tariffs.

How Sara Ziff and the Model Alliance Helped Create the Fashion Workers Act

Sara Ziff, once a fixture at Fashion Week, is a force behind a new labor law in New York that aims to protect models and perhaps redefine what counts as work.

Record Debt Limit Increase Would Break Republican Precedent

A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility.

China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war

China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington sparked concerns about the long-standing status of American government bonds as the world’s safest asset. Beijing’s holdings dropped to US$757 billion, down US$8.2 billion from March, according to the latest data released by the US Treasury Department. The figures for April marked the second consecutive month of decline and the lowest level since March 2009, according to data...

Chicken Alfredo Recall: 3 Dead in Outbreak Tied to Walmart, Kroger

The company that made the meals issued a nationwide recall as the Centers for Disease Control and Prevention said they were linked to 17 listeria cases across 13 states.

The U.S. added a thousand new millionaires a day in 2024: Report

America's millionaire population totals 23.8 million, the most of any country, according to a new study by UBS.

China’s payment system spreads across Africa and Asia amid US trade war

China’s cross-border yuan payment system has signed up more financial entities from Africa, Central Asia and the Middle East, as Beijing accelerates efforts to promote the global use of its currency amid rising tensions with the United States. A group of six financial institutions officially joined the yuan-based Cross-border Interbank Payment System (CIPS) as direct participants during a ceremony in Shanghai on Wednesday, becoming the latest entities to sign up to China’s alternative to the...

Why US-backed stablecoins have China wary of a potentially more dominant dollar

With major economies gearing up for the rising ubiquity of stablecoins and their impact on the global economy, former Chinese central bank chief Zhou Xiaochuan has warned that US dollar-backed stablecoins could accelerate the “dollarisation” of the international monetary system. Amid the explosive growth of cryptocurrency in the past few years, continued focus from high-level figures reflects the Chinese government’s interest in underlying technologies and their potential role in cross-border...

How the NBA Finals’ Champagne Celebration Became a Marketing Moment

Brands have seized on the spectacle of the post-championship celebration as a marketing moment.

How Trump’s Trade War Has Whipsawed the Port of L.A.

The nation’s largest ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed as President Trump reorders global trade.

China’s C929 widebody jet to make maiden commercial flight by 2035: source

The company developing China’s first home-grown widebody passenger jet – the C929 – is aiming to see it make its maiden commercial flight by 2035, foreign partners have been told at this week’s Paris Air Show, according to a person familiar with the discussion. The time frame, although longer than previous estimates, was in line with the “long-haul” one that Boeing and Airbus used when developing their first widebodies and reflected Commercial Aircraft Corporation of China’s (Comac) “prudence”...

Misplaced Millions? Lost Life Savings? Tell Us.

A new personal finance column was inspired by head-scratching messages from Times readers.

China’s youth unemployment crisis to worsen as historic graduation season looms

China’s youth unemployment rate fell for the third consecutive month in May, but remained higher than at the same point last year, suggesting the job market is still under intense pressure ahead of a critical graduation season. The youth jobless rate, which covers those aged 16 to 24 living in urban areas, excluding students, stood at 14.9 per cent last month, down from 15.8 per cent the previous month, according to data released by the National Bureau of Statistics (NBS) on Wednesday. But the...

Under China’s Threat, Taiwan Needs Its Own Power Sources More Than Ever

Taiwan, which makes most of the world’s advanced computer chips, relies almost entirely on imported energy.

Hong Kong to assess risks before launching yuan-pegged stablecoins

Hong Kong will assess the risks and study Beijing’s monetary policies before launching yuan-pegged stablecoins to bolster the internationalisation of the Chinese currency, according to a local senior official. Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said during a panel on Wednesday at the Lujiazui Forum in Shanghai that while Hong Kong was technically ready to proceed, more time was needed to evaluate the advantages and disadvantages of issuing such a...

Social Security Benefits Could Be Cut in 8 Years Unless Congress Acts

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could lead to payment cuts in eight years.

Texas Instruments pledges 'historic' $60bn US chip investment

The announcement comes as Trump pressures big technology firms to increase manufacturing in America.

Premier urges China’s Jiangsu to embrace ‘higher development expectations’

As Beijing looks to shore up China’s economic growth amid mounting challenges, Premier Li Qiang has called on Jiangsu province, a key manufacturing hub on the country’s east coast, to step up its efforts in technology, trade and consumption. During a three-day visit to the province from Monday, Li emphasised the importance of embracing innovative development, stimulating effective demand, fostering entrepreneurship, and deepening reform and opening up to support China’s sustained economic...

Regulators Approve Lenacapavir for H.I.V. Prevention

The drug could change the course of the AIDS epidemic. But the Trump administration has gutted the programs that might have paid for it in low-income countries.

What Is a ‘Fridge Cigarette’? A New Term for Diet Coke Gains Traction.

The click of the can, the sound of the bubbles: The internet is reframing the humble soda as an indulgent escape.

New Report Highlights Air Traffic Control Staffing Woes

While faulting some towers for inefficient practices, the report recognized significant external factors and called on Congress to help address the problem.

FDA approves Gilead's twice-yearly HIV prevention injection, offering a powerful and convenient new option

The launch of the injection faces potential threats, including the Trump administration's proposed cuts to federal funding for HIV prevention efforts.

Key takeaways from today’s Fed meeting and Powell’s news conference

Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike is delaying the launch of its highly anticipated NikeSKIMS activewear line, according to a person familiar with the matter.

Fed Holds Rates Steady Amid Vast Economic Uncertainty

Officials at the Federal Reserve left interest rates unchanged, as they brace for the effects of President Trump’s policies on trade, taxes and immigration.

New Owner for High Times Magazine Bets on a Counterculture Comeback

The anti-establishment magazine, which was taken over by a private equity firm in 2017, was purchased this week by an avid fan and reader for $3.5 million.

Fed holds interest rates for fourth time despite tariff turmoil

The US central bank leaves its key interest rate unchanged at 4.3%, as its view of the economy darkens.

The Fed Isn’t Calling It ‘Stagflation,’ but the Risks Are Rising

President Trump’s trade war is likely to lead to higher prices and slower growth, a challenging combination for the Fed. War in the Middle East could make the job harder still.

What to know about the Fed’s decision.

BYD and Other Chinese Carmakers Expand Sales in Europe Despite Tariffs

BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.

Boeing Keeps Low Profile at Paris Air Show as Airbus Announces Deals

The show is happening at a delicate time for Boeing, which is coming off its best month for sales in a year and a half and a deadly plane crash in India involving one of its aircraft.

Nippon Steel Completes Its Acquisition of U.S. Steel

The deal gives the White House extraordinary control over U.S. Steel as part of a pact to alleviate national security concerns.

RFK Jr.'s new vaccine advisors will vote on flu shots containing mercury

It is the panel's first meeting with Kennedy's newly appointed members, many of whom are well-known vaccine critics.

Old meter switch-off is pushed back

Thousands of households will now not face disruption to hot water and heating, the government says

Netflix Dips Its Toe Into Old-Fashioned TV With TF1 Deal

The streaming giant announced a deal on Wednesday to show live and on-demand programming from one of France’s television networks, TF1.

Investors have seemingly shrugged off trade tensions and geopolitical turmoil.

Trump’s Trade Policies Prompt Companies to Raise Prices, Cut Staff

Consumers are starting to pull back spending as President Trump’s trade policies ripple through the economy.

The effect of tariffs on inflation will be more significant this summer, economists say.

How to read the Fed’s projections like a pro.

Officials at the Federal Reserve will release fresh economic forecasts on Wednesday. Here’s how to read the outlook for 2025 and beyond.

HS2 line to be delayed again with no new date given

Transport Secretary Heidi Alexander said the HS2 project was an "appalling mess".

What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

As Trump Pressures Fed, He Seizes on Interest Rate Cuts by Europe and Others

President Trump has increasingly pointed to rate cuts by other central banks as he pressures Jerome H. Powell, the Fed chair, to reduce borrowing costs.

Japan's Nippon seals controversial US Steel deal after Trump pact

Nippon agreed to give a "golden share" to the US government to win approval of the takeover.

OpenAI boss: Meta offering $100m plus to poach my staff

Sam Altman said so far none of his "best people" had jumped ship to his big tech rival.

China to reduce pig count by 1 million amid low prices, deflation risk: report

China’s national breeding sow inventory will be reduced by 1 million from the current level of 40.38 million to ease an oversupply of pork in the market that has suppressed swine prices and raised deflationary pressures in the economy. While specifics of the reduction were limited, it would take the national sow herd size down to 39.5 million, CLS.cn said in an exclusive report, citing a plan proposed by the Ministry of Agriculture and Rural Affairs last week. The ministry was looking to ease...

Stellantis' Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan

The warranty covers the engine, transmission, transfer case, driveshafts, differentials, and axles for 10 years or 100,000 miles, whichever comes first.

JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee

JPMorgan, the biggest U.S. bank by assets, shook up the card industry with the launch of the Sapphire Reserve almost a decade ago.

Trump and Iran Complicate the Fed’s Next Move

Investors are anxious about whether the central bank will change course on rate cuts as geopolitical turmoil and tariffs pose inflation risks.

China records bumper capital inflow as Gulf investors hedge against US

China has attracted a growing influx of capital from Middle Eastern investors seeking to diversify their US-heavy portfolios in recent months, but Beijing will need to further open up its financial markets to sustain the trend, analysts said. Beijing announced on Tuesday that China had recorded a US$33 billion net capital inflow from non-banking sectors and higher foreign holdings of Chinese equities in May – an acceleration from April’s US$17.3 billion inflow. The department did not break down...

Chocolate prices soar as UK inflation stays at highest in over a year

Food prices grew for a third month in May, as the overall rate of inflation remained at 3.4%.

At Paris Air Show, China’s aviation suppliers circle for a landing

China’s presence at the Paris Air Show – the globally renowned civil aviation expo – is usually reduced to Beijing’s biggest names in the field. In particular, conversation tends to focus on the Commercial Aircraft Corporation of China (Comac), the maker of the C919 passenger jet. But things have changed this year. Dozens of lesser-known Chinese firms from across the supply chain have flocked to the European capital to showcase their products to Western buyers. The number of Chinese companies...

Co-op offers members £10 discount on shopping after cyber attack

The retailer says the offer is to thank members but a retail analyst says the bar is high to redeem it.

China will boost the yuan’s global reach with new operations centre, PBOC says

China will set up an “international operations centre” for the digital yuan to boost the global influence of the renminbi, People’s Bank of China Governor Pan Gongsheng announced at the Lujiazui Forum in Shanghai on Wednesday. The measure was among eight financial policies Pan announced during the opening of the annual finance-facing forum, which also included pledges that China would pilot a range of structural monetary policy tools in Shanghai. The policies come at a time when growing tensions...

Hong Kong to be Chinese companies’ launch pad in Shanghai pact

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai and Hong Kong with more equities, bonds, exchange-traded funds (ETFs) and gold, as well as working on cross-border settlements and uses of the...

As China sees boom in humanoid robotics, firms pay 3 times national average

As China witnesses a boom in humanoid robotics, companies in the sector are offering salaries more than three times the urban average to lure top engineers and AI talent – underscoring a deepening talent crunch that even industry leaders acknowledge. The average monthly pay for humanoid robot algorithm engineers now stands at 31,512 yuan (US$4386), rising up to 38,489 yuan for roles requiring more than five years of experience, according to a new report released this week by online recruitment...

Trump to extend US TikTok ban deadline, White House says

The app was supposed to be banned in the US after its Chinese owner refused to sell it by a January deadline.

Could old coal mines help ease China’s solar-panel overcapacity?

China leads the world in converting decommissioned coal-mining sites into solar power projects, a trend that promises to advance the clean energy transition while potentially reducing a surplus of solar panels produced by struggling Chinese manufacturers, according to Global Energy Monitor (GEM). Conversion of surface-mined lands into solar-generation projects had surged in 15 countries, particularly over the past couple of years, the non-governmental organisation said in a report on...

After tight-lipped talks in London, the US-China silence speaks volumes

With global economic ramifications on the line, those with a vested interest in supply chains and geopolitical stability watched closely and waited as high-ranking officials from the United States and China emerged from last week’s trade talks in London. Then, the public was told little. In the absence of an official readout from both sides, hope for a bit more clarity has given way to a fog of questions and buzzy speculation about what happened behind those doors. Was leverage being applied? By...

Amazon boss says AI will replace jobs at tech giant

Andy Jassy tells staff to embrace artificial intelligence (AI) as he warns the workforce will get smaller.

JetBlue to cut more flights, other costs with break-even 2025 'unlikely' due to weaker travel demand

JetBlue Airways CEO Joanna Geraghty told staff the carrier is further cutting costs as softer travel demand makes break-even operating margins in 2025 unlikely.

Streaming surpasses combined broadcast and cable viewing for the first time

Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.

Democrats press Pfizer, J&J and others over low tax bills and lobbying as Senate debates Trump's plan

The lawmakers accuse Pfizer, Merck, J&J, AbbVie and Amgen of paying little to nothing in federal taxes despite generating billions of dollars annually.

Targeted cancer drugs may replace chemo for some patients — and drugmakers say they're getting closer

Companies like AstraZeneca, Daiichi Sankyo, Pfizer and Merck are learning from previous setbacks in the ADC space to improve their efficacy and safety.

Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers

Sentiment among the nation's homebuilders fell due to stubbornly higher mortgage rates, tariff concerns and economic uncertainty among consumers.

Nissan unveils new electric car to be built in UK

The new Leaf will be powered by batteries also manufactured in Sunderland.

UK watchdog fines 23andMe for 'profoundly damaging' data breach

The fine comes as the DNA testing firm, which filed for bankruptcy in March, is set to be sold to a new owner.

GM unveils quickest Corvette ever with ZR1X 'hypercar' going 0-60 mph in less than two seconds

GM on Tuesday revealed the 2026 Chevrolet Corvette ZR1X "hypercar" — a souped-up version of the Corvette E-Ray hybrid that went on sale in 2023.

PGA Tour names NFL's Brian Rolapp as CEO to succeed Commissioner Jay Monahan

As the NFL's Chief Media and Business Officer, Brian Rolapp oversaw the league's commercial, broadcast and digital rights.

Yum! Brands names CFO Chris Turner as its next CEO

Yum Brands has named CFO Chris Turner as its next CEO. He is expected to take over October

China’s C929 jet secures Western tech as manufacturer signs parts deals

China’s chief civilian aircraft maker has secured deals to buy Western-made parts for its first widebody jet – expected to resemble the Airbus A350 and Boeing 787 series – despite ongoing turbulence in trade and supply chains. The Commercial Aircraft Corporation of China (Comac) reached an agreement to work with French aerospace firm Safran on the development of the widebody C929’s brake controls, ice detection system, tyre pressure indicators and on-board oxygen system, according to reports...

US-China trade war’s shift to export controls is music to Beijing’s ears

Two days of talks in London between the United States and China have underlined that tariffs are no longer necessarily the primary theatre of operation in the trade war. The action has now shifted to the far more difficult issue of export controls, primarily on rare earth exports from China and technology exports from the US. That’s good news for China. Although details are lacking, the London negotiations resulted in a framework that purports to make at least some progress on the nettlesome...

More than 1,000 jobs at risk as Poundland plans 68 store closures

The discount chain sets out turnaround plans a week after it was bought by a US investment firm.

China to nearly double nuclear power capacity by 2040 in rapid build-up

China will nearly double its nuclear power capacity by 2040, making it by far the world’s largest nuclear power generator, according to a new report by the China Nuclear Energy Association (CNEA). The country is set to build dozens of new reactors to raise its installed capacity to 200 gigawatts – more than double the US’ current capacity – by the end of the next decade, the Chinese industry body said in the paper released on Monday. Beijing has embarked on one of the fastest buildouts of...

Kraft Heinz to remove artificial dyes from U.S. products by end of 2027

Kraft Heinz also said it will not launch any new products in the U.S. with artificial dyes, effective immediately.

Experts question whether $499 gold Trump phone can be US-made

It is the latest plan by US President Donald Trump's family that looks to cash in on his name.

Trump signs order confirming parts of UK-US tariff deal

The pact between the US and UK means tariffs will be reduced on certain goods such as cars entering the US.

British Steel secures £500m contract to supply UK train tracks

The company will forge more than 337,000 tonnes of track in a deal safeguarding its future for the next five years.

China’s private firms back in driver’s seat as regulations ease: Goldman Sachs

“The tide has turned” for China’s private enterprises, said analysts with Goldman Sachs, as regulatory restrictions are being lifted to help non-state firms pursue breakthroughs in cutting-edge technology and expand their international presence. The private sector’s “animal spirits” are making a return, with investment patterns suggesting a renewal led by capital expenditure, more aggressive overseas expansion plans, research and development spending and heightened fundraising activity, the...

China hails Nvidia expo appearance as ‘vote of confidence’ amid tensions

China has announced that US semiconductor giant Nvidia will attend its flagship supply chain event for the first time, despite growing tensions between the two countries over a string of trade and technology issues. Nvidia will be among more than 100 exhibitors from the United States and Europe attending the China International Supply Chain Expo in July, the event’s organiser confirmed during a press conference on Tuesday morning. The artificial intelligence chip firm’s appearance in Beijing...

Can ‘emerging occupations’ solve China’s youth job crisis? Not everyone is sold

The city of Xian in western China – renowned as the country’s ancient capital and home of the Terracotta Army – has long been a prime destination for tourists from home and abroad. But Chang Youli, a stylist of traditional Chinese clothing (hanfu) based in the city, has noticed many people are joining her trade to cater to a particular type of traveller. “Thanks to government promotions, the tourism industry here has grown, and more people are coming to experience hanfu,” said Chang, who now...

Why Ukraine is one of the world's most digital countries

Despite the war, Ukraine has developed of the most advanced systems for digital government services.

Luxury credit card rivalry heats up as Amex, JPMorgan tease updates to their premier cards

The long-running rivalry between the country's top premium credit cards is about to heat up again.

Battle over Jimmy Buffett's $275 million estate highlights risks of family trusts

The late singer's widow, Jane, and the co-trustee of the estate, Richard Mozenter, have filed lawsuits against one another.

5 ways to enter mainland China without a visa

Visiting China used to be a costly, time-consuming process. Obtaining a Chinese visa often requires filling out pages of paperwork, paying more than US$100, and waiting for days for the documents to be processed. But things have changed rapidly over the past few years, as Beijing has introduced a slew of new visa-free entry policies in a bid to attract more foreign visitors and boost the country’s tourism sector. Most famously, the country now allows travellers from certain countries that are...

The US-China rivalry is reshaping global supply chains – who benefits most?

Supply chain competition between China and the United States is set to intensify over the next five years, with eight developing countries – including four in the Association of Southeast Asian Nations (Asean) – poised to benefit from the relocation of manufacturing from China, according to a recent study. The research, published in the Chinese journal Economist, identifies Malaysia, Vietnam, Mexico, Turkey, Thailand, Indonesia, India and Brazil as the top candidates likely to benefit from...

China ‘stepping in’ as property concerns mount, but no ‘treading the old path’

Premier Li Qiang’s remarks on further shoring up the property sector and escalating policy support are said to be indicative of Beijing’s lingering concerns over the sector – once an economic pillar for China – that remains a drag on growth and consumption, as seen in the latest statistics. Analysts say that while there is no quick fix to the woes, Beijing has grown more wary of the impact on overall sentiment and domestic demand, as the economy grapples with external turmoil. A State Council...

China’s economy weathers US tariff storm in May as consumption picks up

China’s economic data showed an improved picture for consumption in May, with retail sales beating expectations in the run-up to a major online shopping holiday even as US tariffs continued to weigh on the country’s manufacturing and exports. Retail sales, a gauge of consumption, rose by 6.4 per cent in May, compared with the 5.1 per cent growth observed in April, data from the National Bureau of Statistics showed on Monday. The figures exceeded a forecast of 4.85 per cent growth by financial...

Can shoes be made in the US without cheap labour?

American production is possible, but it often needs to be automated to be cost effective.

Food security takes root: how China’s Xinjiang is at forefront of national push

Chinese agricultural scientists have turned 40 hectares (99 acres) of salty soil in Xinjiang into fertile land capable of supporting multiple crops – part of a national strategy to bolster food security by transforming vast swathes of non-arable terrain into farms. The breakthrough followed seven years of effort in the Uygur autonomous region’s Shihezi, led by a research team from a local university, the state-owned People’s Daily reported. The previously degraded soil now sustains wheat,...

Starbucks moves to the next phase in its turnaround: Winning over employees

Starbucks CEO Brian Niccol pitched his turnaround strategy to store managers at the company's Leadership Experience in Las Vegas.

Boeing Dreamliner crash, military escalations darken mood at Paris Air Show

The trade event is a big draw for the industry every year, as Boeing, Airbus and other aerospace giants host parties, sign deals and show off new aircraft.

Cairo calling: why Chinese factories are moving to Egypt amid the trade war

Until recently, Jiahao’s guest house in a quiet corner of Cairo was a modest pit stop for Chinese tourists on their way to visit the Egyptian pyramids. But this spring, the hostel suddenly began to attract a different kind of client. Jiahao, the hostel’s 26-year-old owner, began welcoming groups of factory owners from across China and Southeast Asia – grizzled businesspeople whose trips were not about sightseeing, but survival. “Many business owners now book week-long stays,” Jiahao said. “I...

Gen Z’s ‘emotional consumption’ fuels surge in consumer stocks like Pop Mart

Stock investors are capitalising on the spending power of China’s Generation Z consumers, who splurge on everything from intellectual property (IP) toys to low-priced drinks, reaping multifold returns on so-called new consumer stocks. The ascent of Pop Mart International Group, Mixue Group and Laopu Gold is one of the few bright spots in China’s sluggish consumer industry, which has been plagued by a weak jobs market and the deflationary trend. The robust performance has come at the cost of...

Why Chinese firms building foreign factories are no longer focused on US market

This year’s escalation of the US-China trade war has led many Chinese companies to rethink their overseas expansion strategies, with accessing the American market no longer their top priority when considering building factories in foreign countries, industry insiders said. There had been a “drastic downshift” in inquiries from Chinese companies seeking land to rent or purchase in Mexico, one of their hottest overseas investment destinations in the past, said Jack Lee, an industrial property...

The women at the centre of Somalia's construction boom

Mogadishu's rapid expansion after decades of war is giving unexpected opportunities in a male-dominated society.

Race to mine metals for EV batteries threatens marine paradise

Photographs appear to show how nickel mining damaged one the world's most diverse marine environments

Air India crash: What to know about the first fatal Boeing Dreamliner tragedy

An Air India jet flying from Ahmedabad to London crashed shortly after takeoff into a fireball with 242 people aboard.

Canada to mine more amid geopolitical tensions: former minister Bill Morneau

Canada’s new government will invest more in mining at a time when the country’s economy and manufacturing sector are facing “challenges” related to China’s curbs on rare earth exports, Bill Morneau, former Canadian finance minister, told the Post. “One of the challenges for Canada is that we will need to increase our own mining,” Morneau, who was in office between 2015 and 2020 under then-prime minister Justin Trudeau, said in Shanghai on Friday. “The initiative by new [Prime Minister] Mark...

End of political chaos in South Korea sparks pickup in Chinese visitors

Chinese tourism to South Korea is picking up with the end of political instability in Seoul and the two nations pledging closer relations shortly before visa exemptions take effect, travel industry sources said this week. Bookings from China to South Korea for the three months from April to June have been about 24 per cent higher than for the three months ending in February, according to data compiled by China Trading Desk, a travel marketing and technology company. China is South Korea’s...

Airlines divert, suspend flights after Israel's strike on Iran closes airspace in Middle East

Several flights diverted after Israel's Iran strikes early Friday while Delta and United canceled their service to Tel Aviv.

Chinese carmaker GAC’s electric-van unit takes aim at European market

A commercial-vehicle subsidiary of China’s state-owned carmaker GAC Group has its sights set on Europe, where it hopes its electric vans can lure corporate buyers away from petroleum-powered models built by the likes of Ford and Stellantis. Xiao Ning, CEO of Miraco Motor, told the Post that the company would launch its first model in Europe next year. It aims to grab 10 per cent of the European market, where more than 1.7 million vehicles of this type are sold each year for public transport,...

Shares of scandal-plagued Brazilian meat giant JBS rise 3% in U.S. public debut

Brazilian meat giant JBS is making its U.S. public market debut on the New York Stock Exchange under the ticker "JBS."

WNBA renews media rights deal with Scripps

The new agreement comes after Ion has seen huge growth with the WNBA and as the league gains in popularity due to stars such as Caitlin Clark and Angel Reese.

How China is driving a surge in shipping along Arctic sea routes

Chinese companies are showing growing interest in shipping goods to the West via the Northern Sea Route – an icy Arctic passage that opens up each summer – according to Rosatom, the Russian company that operates infrastructure along the route. The firm anticipates a significant uptick in voyages by Chinese companies along the NSR during the coming summer-autumn shipping season, and is adding more nuclear-powered icebreakers to its fleet to handle the growing traffic flow. Cargo traffic on the...

China’s yuan fixing rate hits 2-month high as US dollar drops

China’s central bank set the yuan’s daily fixing against the US dollar at its strongest level in more than two months, as the greenback tumbled to a multi-year low amid expectations for more interest rate cuts from the Federal Reserve later this year. On Friday, the People’s Bank of China set the yuan’s midpoint rate – also known as the daily fixing rate – at 7.1772 per US dollar, its strongest showing since late March. The move came as the US dollar index plummeted to 97.61 on Thursday - a...

China steps up global aviation expansion as Comac bids for Laos carrier

The Commercial Aircraft Corporation of China (Comac) has reportedly bid to take a majority stake in the flag carrier of Laos, as the state-owned Chinese aviation firm continues its push to expand its market in Southeast Asia. The deal – which is pending approval by the Lao authorities – would see Comac help Lao Airlines overhaul its operations and stem its losses in exchange for the carrier agreeing to use the Chinese company’s passenger jets, Vientiane Times quoted Prime Minister Sonexay...

As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Crypto can’t chip away at gold’s safe-haven shield: gold researcher

Cryptocurrencies – including bitcoin and stablecoins – are not an alternative to gold, nor do they pose a threat to its role as a safe-haven investment, an expert with the World Gold Council said. John Reade, the senior market strategist and head of research at the association, said that long-term demand for gold remains well supported amid mounting concerns over US dollar assets, persistent trade and geopolitical tensions, and the economic fallout of tariffs. “Bitcoin and other digital assets...

Indian scientists search for the perfect apple

India can't grow enough apples to meet demand but farmers are struggling to raise production.

China’s top baijiu maker faces sobering reality as austerity trims profits

China’s premier liquor distiller Kweichow Moutai – a brand that had, over decades, become synonymous with sumptuous feasts – is heeding a renewed mandate for austerity from Beijing, distancing its products from the extravagant hard-drinking lifestyle with which it had been linked in the public consciousness. Management at the company, valued at 1.86 trillion yuan (US$258.73 billion), has pledged to comply with strictures stressing thrift – guidelines that have helped to remove Moutai’s expensive...

Prices for common baby items are rising due to Trump's tariffs, congressional analysis says

The analysis tracked the prices of five popular baby gear categories: car seats, bassinets, strollers, high chairs and baby monitors.

Fed’s inspector general is reviewing Trump administration’s moves to dismantle CFPB

Key oversight arms of the U.S. government are examining the whirlwind of activity at the CFPB after Trump's acting head Russell Vought took over in February.

China’s viral Labubu toy has an unlikely fan – the ruling Communist Party

As Chinese companies ponder how best to market their products internationally, the example set by Pop Mart – the Beijing-based brand behind the viral Labubu toy – has been praised by the country’s state media for the creativity that underlies its success. The wide-mouthed, bug-eyed toy’s global fan base is evidence of a shift in priorities for China as it transforms from a producer of low-value goods to a hub of innovation, Qiushi, the Communist Party’s top theoretical journal, said in a...

A Belgrade landmark bombed by Nato could get Trump makeover

The Serbian project, led by Trump's son-in-law Jared Kushner, has run into opposition and scandal.

US tariff turmoil makes Spain's flagship foods seek other markets

Spanish ham and olive oil producers are looking at other nations to replace sales in the US.

China's electric cars are becoming slicker and cheaper - but is there a deeper cost?

The future for EVs will inevitably involve China. But where does that leave the UK and Europe markets – and what of the questions around national security?

From festivals to weddings: Why drone shows are booming

Light shows involving hundreds and even thousands of drones are becoming big attractions.

Why food firms are scrambling to cut down on ingredients

Food firms are marketing ranges with fewer ingredients, but are they healthier?

The Briefing Room

From McKinley to Trump, the rise, fall and rise again of US tariffs.

How airline fees have turned baggage into billions

The amount carriers now charge for luggage is raising the ire of politicians and consumer groups.

Are house prices too high to get on the property ladder?

New data shows record house price rises are currently "centred" in south Wales.

The British jet engine that failed in the 'Valley of Death'

Workers at Reaction Engines felt they were close to completing a revolutionary jet engine.

Panorama

Ros Atkins sets out to discover the truth about how our money is spent

Chile's salmon farms hope for calmer waters

Chilean salmon producers are being criticised for operating in some of the country's national parks.

'We make more money from weddings now than farming'

From falconry and helicopter rides to spas and solar farms, three quarters of farmers now have a side hustle.

Frugal tech: The start-ups working on cheap innovation

Indian start-ups are using local materials and innovative ideas to make useful and affordable products.

Winemakers finding Trump's tariffs hard to swallow

Wine producers in both France and the US are unhappy at the US president's trade actions.

Driving instructors say rising prices are fair - but learners can't keep up

Paige Williams, a single mum from Barnsley, says she's having to drastically cut back on spending to afford her £35-an-hour driving lessons.

How a joke about rice cost a Japan cabinet minister his job

Soaring rice prices are a powerful trigger in Japan, where shortages have caused political upsets before.

Did Trump really strike Gulf deals worth $2tn?

Some analysts question whether the amount of investment will ultimately be that high.

The secretive US factory that lays bare the contradiction in Trump's America First plan

An exclusive look inside the closely guarded factory the president wants to become a foundation stone for a US golden age.

Xi's real test is not Trump's trade war

The real battleground of the current trade war might be China's domestic economy

The curious case of why a billionaire wants to buy Royal Mail

From the end of April, the 500-year-old Royal Mail will be controlled by Czech billionaire Daniel Kretinsky who co-owns a football club - but why does he want it?

Trump has turned his back on the foundation of US economic might - the fallout will be messy

What made the US step back from the system that it profited handsomely from for decades?

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Air India C.E.O.’s Remarks After Plane Crash Draw Scrutiny

How are Chinese brands boosting their prospects in Europe?