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Xi Jinping Is Asserting Tighter Control of Finance in China
The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
Read moreChina advises state firms to keep eye on finances as risk becomes economic watchword
The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.
Read moreTrain strikes: When are the walkouts in December?
Southeastern, Southern, Gatwick Express, SWR and Island Line are affected by the walkouts.
Read moreAirline adverts banned over 'greenwashing' claims
The ASA said Air France, Lufthansa and Emirates had misled customers over their environment impact
Read moreCVS Says It Will Change the Way Its Pharmacies Are Paid
The drugstore chain is introducing a model that will compensate pharmacies based on how much they paid for a drug, as well as a set markup and service fee.
Read moreTwo Companies Selling N95 Masks to Shut Down
Two mask companies are shutting down as a once sought-after item becomes an afterthought.
Read moreAI-Generated Jimmy Stewart Reads a Bedtime Story for Calm App
The sleep and meditation app Calm released a new story featuring the late actor’s signature drawl — or a computer-generated version of it.
Read moreChina’s economic recovery ‘stagnated’: 4 takeaways from November’s manufacturing, services activity
China’s official manufacturing and services purchasing managers’ indices (PMI) disappointed in November, although the Caixin/S&P Global gauges offered signs of recovery last month.
Read moreChina’s education reforms were meant to lower costs. So why is schooling more expensive?
Two years since China passed education reforms to lower schoolwork burdens and reduce inequalities in education outcomes, the divide only appears to have grown wider and deeper.
Read moreFitch says China’s local government financing vehicles at lower risk of default in 2024
China’s municipalities will see lower default risks at their local government financing vehicles (LGFVs) next year, thanks to a gradual recovery in fiscal revenues and policy support from the central government, analysts said.
Read moreJetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
Read moreJustices Seem Skeptical of Challenge to Trump-Era Tax Provision
The Supreme Court’s liberal wing and more moderate conservatives seemed to be searching for a way toward a limited ruling on a tax law that affects foreign profits of American companies.
Read moreAbercrombie & Fitch sued by ex-CEO facing sex trafficking claims
Mike Jeffries has taken legal action against the US retailer for refusing to cover his legal costs to defend the allegations.
Read moreCVS to change how it prices prescription drugs with new pharmacy reimbursement model
CVS's new effort aims to do away with a complex model that typically determines how much pharmacies get reimbursed and how much patients pay for medications.
Read moreActivist investor urges Disney to add Trian's Nelson Peltz to its board
Activist investor Ancora wants Trian's Nelson Peltz to join Disney's board.
Read moreCharter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter
Charter shares plunged after its chief financial officer said the company may lose broadband subscribers in the fourth quarter.
Read moreFree ChatGPT may incorrectly answer drug questions, study says
The study shows that patients and health-care workers should be cautious about relying on OpenAI's viral chatbot for drug information, the lead author said.
Read moreSpotify Cancels Two Acclaimed Podcasts: ‘Heavyweight’ and ‘Stolen’
The shows will finish out their seasons on Spotify and then have the option to shop their shows somewhere else.
Read moreLawmakers ramp up scrutiny of Shein, call for proof it doesn't use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn't use forced labor after the retailer confidentially filed to go public.
Read moreWhy Doctors and Pharmacists Are in Revolt
Once accustomed to a status outside the usual management-labor hierarchy, many health professionals now feel as put upon as any clock-punching worker.
Read morePanera Bread’s Charged Lemonade Linked to Second Death in Lawsuit
A man in Florida died after drinking three servings of the highly caffeinated drink at a Panera location in Florida, his family said in a wrongful-death lawsuit.
Read moreSpaceX plans key NASA demonstration for next Starship launch
A propellant transfer demonstration would require that the rocket reach orbit as one of the demo's goals.
Read moreEli Lilly weight loss drug Zepbound now available at pharmacies as rival Wegovy faces shortages
Eli Lilly's drug serves as an alternative to rival obesity drugs such as Wegovy that are still facing supply issues.
Read moreLadbrokes and Coral owner to pay £585m over bribery allegations
Entain, which owns Ladbrokes and Coral, will pay HMRC £585m, it was decided on Tuesday.
Read moreU.S. Job Openings Dropped in October
The number of openings fell to 8.7 million from 9.3 million in September, the Labor Department said, a sign of continued cooling in the labor market.
Read moreThames Water says turnaround will 'take time'
The UK's largest water firm has been criticised by customers and faces questions over its finances.
Read moreOne Year of ChatGPT: How A.I. Changed Silicon Valley Forever
ChatGPT’s release a year ago triggered a desperate scramble among tech companies and alarm from some of the people who helped invent it.
Read moreStellantis resurrects small Fiat 500e EV for the U.S., starting at $34,095
The 500e will be the first all-electric vehicle offered in the U.S. by Stellantis since the company formed in 2021.
Read moreWells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
Read moreHow a Legal Fight Over a $15,000 Tax Bill Could Upend the U.S. Tax Code
The Supreme Court ruling in the Moore case could cost the federal government billions of dollars in lost tax revenue.
Read moreJussi Pylkkänen Steps Down as Christie’s President
The Christie’s president Jussi Pylkkänen, who held the hammer for the auction house’s biggest sales, is leaving after nearly 40 years. Much changed in that time.
Read moreChina's debt outlook downgraded as economy slows
The Moody's credit rating agency warns of "broad downside risks" as the country faces a need for stimulus.
Read moreIsrael probes claims share traders knew of Hamas attack in advance
Investors betting against Israeli shares may have made large sums, an academic study suggests.
Read moreBitcoin Soars on Hopes of Investment Fund Approval
The cryptocurrency has gained roughly 150 percent this year, as investors bet that regulators will soon approve the first spot exchange-traded fund that is designed to track the price of Bitcoin.
Read moreChina forecast to build US$1 billion GM crop market after landmark approval
China’s approval last month of genetically modified (GM) corn and soybeans is likely to lead to a quick and massive growth of a market for the crops in the coming years, analysts predict.
Read moreChina’s Rising Debt Spurs Moody’s to Lower Credit Outlook
The ratings agency cut its view of the country’s finances to negative, saying it was concerned about the potential cost of local government bailouts.
Read moreMcDonald's investor day is Wednesday. Expect to hear about expansion, tech and China
Shares of McDonald's have risen just 8% this year, trailing the S&P 500's 19% gains.
Read moreThe Supreme Court Case that Could Rewrite the Tax Code
Oral arguments begin on Tuesday in a high-stakes case that could redefine what is taxable income.
Read moreAlaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
The Justice Department has challenged a host of deals, including two airline partnerships in recent years.
Read moreFashion firm Quiz to launch review as sales slide
The fashion retailer cuts its revenue forecasts as cost-of-living pressures hit spending.
Read moreEV maker Nio narrows loss on record deliveries, pledges more cost-cutting to compete in China’s cutthroat market
The Shanghai-based carmaker posted a third-quarter net loss of 4.56 billion yuan (US$639 million), 24.8 per cent narrower than in the previous quarter.
Read moreRenting: Bidding wars driving up prices for tenants
Intense competition for places to live is driving rents up and up, but is there hope for change?
Read moreChina amps up calls for ‘unified’ computing network to empower e-commerce and underpin AI
Only about three-quarters of China’s population has internet access, but a new infrastructure drive aims to make connecting to a ‘unified’ network as easy as getting water from the tap or flipping a light switch.
Read moreChina ‘disappointed’ at Moody’s downgrade of sovereign bonds outlook to negative
Moody’s Investors Service on Tuesday cut the outlook for Chinese sovereign bonds from stable to negative, while keeping their rating unchanged at A1, with Beijing calling their concerns ‘unnecessary’.
Read moreRyanair denies passengers must pay to download boarding pass
It says reports of passengers having to pay for a seat before they can download a boarding pass are false.
Read moreChina Evergrande Soared on the Property Boom. Here’s Why It Crashed.
Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight.
Read moreEx-Tesla employee casts doubt on car safety
A whistleblower believes the self-driving vehicle technology is not safe enough for public roads.
Read moreChina delivers nearly 100 parcels a person in 2023 as e-commerce giants Alibaba, JD.com, PDD slowly recover
Parcel deliveries reached a new high of 120 billion items this week, up 8.5 per cent from all of 2022, as e-commerce sees strong third-quarter recovery.
Read moreForest City: Inside Malaysia's Chinese-built 'ghost city'
Built during the Chinese property boom, Forest City is a stark reminder of the crisis in the sector.
Read moreTougher visa rules unveiled in plan to cut migration
The UK government says its five-point plan will curb legal migration, which has hit record levels.
Read moreChina Evergrande Gets an Unexpected Reprieve From Liquidation
A Hong Kong judge postponed deciding whether to force the breakup of the property developer, which defaulted in 2021 on hundreds of billions of dollars in debt.
Read moreFormer Top Tucker Carlson Producer Is Accused of Sexual Assault
Fox News fired the producer alongside Mr. Carlson this year after its $787.5 million settlement in the Dominion Voting Systems defamation case.
Read moreSupreme Court Appears Split Over Opioid Settlement for Purdue Pharma
The justices’ questions reflected the tension between the practical effect of unraveling the settlement and broader concerns about whether the Sacklers should be granted such wide-ranging immunity.
Read moreChina’s services activity accelerates to 3-month high in November on boost from new orders
China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to a three-month high in November, data released on Tuesday showed.
Read moreWhat do employers expect staff to know about AI?
More and more jobs require employees to work with generative AI - but what does that mean?
Read moreChina opens world’s tallest unmanned veggie farm as more urban agriculture advancements take root
Unaffected by climate and geographical constraints, a new Chengdu facility is said to be capable of producing a harvest of lettuce every 35 days under AI-controlled environmental conditions.
Read moreChina should rely on rule of law, instead of flimsy political promises, to spur growth in nation’s private sector economy
The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.
Read moreDesperate Families Search for Affordable Home Care
Facing a severe shortage of aides and high costs, people trying to keep aging loved ones at home often cobble together a patchwork of family and friends to help.
Read moreU.S. Moves to Crack Down on Money Behind Fentanyl Trade
Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl.
Read moreSpotify to Cut 1,500 Jobs in Third Round of Layoffs this Year
The music streaming service has expanded into podcasting and audiobooks but found it difficult to turn a consistent profit.
Read moreAlaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal
Alaska Airlines and Hawaiian Airlines will operate from Seattle, led by Alaska Airlines CEO Ben Minicucci
Read moreLabour won't turn on spending taps, says Starmer
Sir Keir Starmer says the UK will face "huge constraints" on public spending if Labour wins power.
Read moreTim Rogers, Hairstylist to the Stars and Moguls, Dies at 51
A native of Britain, he made his mark in his adopted city styling celebrities like Adele, Roger Federer and the Olsen twins.
Read moreCOP28 Climate Summit Begins Against Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
Read moreIt Could Be a Vast Source of Clean Energy, Buried Deep Underground
In eastern France, and in other places around the world, deposits of natural hydrogen promise bountiful power. But questions remain.
Read moreGold and Bitcoin rise as bets on interest rates shift
Investors now see a rising chance of rate cuts, leading to renewed interest in gold as well as Bitcoin.
Read moreWhat to Know About the Purdue Pharma Case Before the Supreme Court
A federal appeals court had signed off on a deal that would shield members of the wealthy Sackler family from lawsuits in exchange for billions for those harmed by the opioid epidemic.
Read moreCost-of-living payments: What are they, who gets them and are they fair?
Millions of low-income households are receiving a £10 bonus after the latest cost-of-living payment.
Read moreMica Ertegun, 97, Glamorous Interior Designer and Philanthropist, Dies
She and her longtime husband, the music magnate Ahmet Ertegun, were once called “the virtual definition of sophistication.”
Read moreBenefits falling behind rising cost of living
New data suggests that the cost of living has been rising faster than official inflation figures.
Read moreTensions Rise at the COP28 Climate Summit
Dismissive comments by the president of the climate gathering raise questions about the host country’s commitment to addressing rising global temperatures.
Read moreIrish chain Omniplex acquires under-threat British cinemas
Omniplex Cinema Group invests £22.5m into a UK expansion.
Read moreChina’s credit reshuffle aims to squelch risk, restore confidence as recovery lags
Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.
Read moreRaw sewage 'cover-up' at Windermere World Heritage Site
Leaked papers suggest United Utilities logged dozens of incidents as less serious than they had been.
Read moreBooking.com users angry at firm's response to hacks
Customers say they have been failed and feel let down after losing hundreds of pounds to fraudsters.
Read moreHong Kong to launch second round of tokenised green bonds to inject some momentum into economy, chief banker tells summit
Hong Kong needs to be more proactive in striving for development opportunities and injecting some momentum into its economy, Hong Kong Monetary Authority CEO Eddie Yue tells an economic summit.
Read moreLi Auto, Xpeng pace Chinese EV makers in race towards 2023 sales record amid ‘all-time high’ monthly deliveries
Deliveries hit a record 940,000 units in November, industry body CPCA estimates, as a strong second half of the year puts EV makers on course to meet an ambitious sales target for 2023 despite a bumpy start.
Read moreChina’s 2030 carbon reduction goal to spare food industry from reforms as security takes priority
China has set a goal of reaching peak carbon dioxide emissions before 2030, but a report says it is likely to delay efforts to deliver on agricultural sustainability goals until then.
Read moreSpotify to axe 1,500 workers to cut costs
The music-streaming company says it is making people redundant to "rightsize" the firm.
Read moreSmart meters: Almost three million still not working
Mum-of-11 Sharlene Peppard is one of 2.7 million customers facing incorrect bills.
Read moreWhy More Chinese Are Risking Danger in Southern Border Crossings to U.S.
Trekking the perilous Darién Gap and seeking asylum are risks worth taking for migrants from China who have lost hope in the country’s future.
Read more‘Cash cow’ subsidies: China targets fraud in farm machinery sales scheme
The money was meant to help farmers to buy equipment as part of the bigger national cause of food security but in at least one case the machinery was soon unusable, according to report.
Read moreAs China mulls 2024 GDP growth target, Beijing must be willing to serve up more stimulus and economic reform
China’s leadership will convene soon to map out next year’s economic trajectory, but analysts say hitting long-term growth targets depends on whether Beijing implement more stimulus measures.
Read moreFormer Bridgewater, UBS analyst who called Chinese bank turmoil says US$2.9 trillion trust industry is next
Jason Bedford, a former analyst with Bridgewater and UBS, who predicted the troubles that cascaded through China’s regional banks now has similar warning for the nation’s trust industry.
Read moreAlaska Airlines Plans to Buy Hawaiian Airlines in $1.9 Billion Deal
The deal, valued at $1.9 billion, would further consolidate the airline industry and is likely to face close scrutiny by federal antitrust regulators.
Read moreHow weather apps are trying to be more accurate
Forecasters are continuing to offer more real-time updates and personalised recommendations.
Read more3 steps China must take to remain attractive to investors
Beijing should work to restore the confidence of domestic and global investors to ensure continued economic growth benefits everyone. Focusing less on security, increasing data transparency and minimising uncertainty around government actions would be a good start.
Read moreWho’s Who Behind the Dawn of the Modern Artificial Intelligence Movement
Before chatbots exploded in popularity, a group of researchers, tech executives and venture capitalists had worked for more than a decade to fuel A.I.
Read moreDr Pepper Halftime Scholarship Giveaway Error Draws Ire of Fans
Dr Pepper awarded each of the contestants in the college football halftime challenge the grand prize after a review found a counting error.
Read moreThe Climate Summit Embraces A.I., With Reservations
The idea of using artificial intelligence to fight emissions has made a splash at COP28, but there’s a catch: The energy it requires could make matters worse.
Read moreChina’s bamboo could replace high-emitting plastics, but tech bottlenecks are stunting growth
China’s bamboo forests span far and wide, presenting a more sustainable raw material for products in lieu of high-emitting plastics, but several confounding factors stand in the way of universal adoption.
Read moreFate of Billions for Opioid Victims From Sacklers Rests With Supreme Court
The court will decide whether Purdue’s owners can gain permanent immunity from future opioid lawsuits in exchange for payments up to $6 billion.
Read moreThree reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers
Retailers got a boost from cooler temperatures, deep discounts and more online shopping over the five-day holiday weekend.
Read moreDallas Mavericks Sale Reflects Growing Links Between Pro Sports and Gambling
The proposed purchase of the N.B.A.’s Dallas Mavericks by a casino operator is the latest sign of how fully leagues have embraced the gaming world.
Read moreChina Evergrande May Finally Meet Its End in Hong Kong Court
A Hong Kong judge could set in motion the liquidation of the property developer, which was once considered one of China’s most successful companies.
Read moreChina urged to look to low-income groups like migrant workers to ignite new growth engines
Proposals from central bank adviser and former Chongqing mayor include further relaxing urban permit system for better access to public services, and buying up surplus flats for affordable housing.
Read moreBankruptcy 'opportunity' after US student loan crisis
Changes in the US are enticing more people to file bankruptcy to clear their student loans.
Read moreBaby formula soaring costs: 'I struggle, but I won’t buy a cheaper brand'
Why struggling parents aren't choosing cheaper brands when it comes to infant formula milk.
Read moreCould X go bankrupt under Elon Musk?
Musk's profane attack on advertisers baffled experts - without adverts, how would X survive?
Read moreBehind the Scenes of the Most Spectacular Show On TV
Months of preparation, hundreds of staff, convoys of cutting-edge gear: inside the machine that crafts prime time’s most popular entertainment.
Read moreSocial Security Struggles With Mounting Customer Service Issues
The Social Security Administration’s staffing and customer service issues have been mounting, and budget disputes in Congress could make them worse.
Read moreA C.E.O. Who Resigned in Scandal Now Wants More Money
Timothy J. Sloan was criticized for failing to clean up Wells Fargo’s troubled culture when he headed the bank. He says in a suit that he’s owed at least an additional $34 million.
Read moreSusan Sarandon Apologizes for Comment About Jews at Rally
The Oscar-winning actress said she now regrets “diminishing” the long history of antisemitism in remarks at the rally, which led her agents to part ways with her.
Read moreThe Fallout From Musk’s Profanity-Laden Attack on Advertisers Isn’t Over
Shares in Tesla fell despite the release of the Cybertruck pickup on Thursday, and some brands are still steering clear of X.
Read moreWhat to Know About Home Care Services
Finding an aide to help an older person stay at home safely takes work. Here’s a guide.
Read moreBiden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.
Read moreThe Financial Paradox Blocking Efforts to Fight Climate Change
Finding money for fossil fuel plants is much easier than financing clean energy projects, especially in developing countries.
Read morePfizer's twice-daily weight loss pill joins a long list of obesity drug flops
Before successful weight loss treatments such as Wegovy and Ozempic, the pharmaceutical path to treating obesity was strewn with failures dating back decades.
Read moreDrunk and Asleep on the Job: Air Traffic Controllers Pushed to the Brink
A nationwide shortage of controllers has resulted in an exhausted and demoralized work force that is increasingly prone to making dangerous mistakes.
Read moreInside Kick, an Upstart Streaming Competitor to Twitch
The Twitch competitor has doled out generous deals to content creators. It has also faced criticism for its lax moderation and embrace of online gambling.
Read moreNetflix Builds a ‘Squid Game’ Universe as It Awaits a Second Season
A reality show and a live experience are two ways of keeping the dystopian series in the public eye. Is the original’s bleak message being diluted?
Read moreScientists in Discredited Alcohol Study Will Not Advise U.S. on Drinking Guidelines
Two researchers with ties to beer and liquor companies had been named to a panel that will review the health evidence on alcohol consumption. But after a New York Times story was published, the panel’s organizers decided to drop them.
Read moreDigital pound plans should proceed with caution, say MPs
The benefits of a digital pound are unclear but the government should keep exploring it, say MPs.
Read moreChina county’s local debt snowballs after it hires army of civil servants, despite paltry yearly salaries of US$2,300
Expansion of part-time workers weighs heavily on county’s already-strained fiscal budget at a time when local-level debt has become a major concern across the country.
Read moreU.S. Limits China’s Ability to Benefit From Electric Vehicle Subsidies
The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
Read moreS&P 500 Hits 2023 Record, Reversing Summer Losses
The S&P 500 has risen over 10 percent from its October low, with November its best month of the year.
Read morePanera Bread files to go public again through IPO
JAB Holding took Panera Bread private in 2017 for $7.5 billion.
Read moreMedia stocks jump after report says Apple, Paramount are discussing streaming bundle
Warner Bros. Discovery and Paramount Global shares jumped Friday.
Read morePfizer to discontinue twice-daily weight loss pill due to high rates of adverse side effects
Pfizer said it still plans to release phase two trial data on a once-a-day version of its weight loss drug, known as danuglipron, in the first half of 2024.
Read moreAmazon buys SpaceX rocket launches for Kuiper satellite internet project
The move is a surprise from Amazon, given the company's Kuiper system aims to compete with Elon Musk's Starlink in the satellite broadband market.
Read moreSouthwest, pilots union near a preliminary labor deal, the last of the major U.S. airlines
The new contract will likely include significant pay raises as well as improvements to retirement benefits and scheduling.
Read moreSurging U.S. Oil Production Brings Down Prices and Raises Climate Fears
American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
Read moreMore States Now Require Financial Literacy Classes in High Schools
The surge in offerings is a response to the pandemic, which revealed glaring income inequality, as well as inflation and the resumption of student loan payments, an expert said.
Read morePeter Schiff Will Receive Settlement to End His Defamation Suit
The money manager had sued an Australian media company that reported on a tax investigation into his bank, Euro Pacific.
Read moreJerome Powell Says It’s Too Soon to Guess When Rates Will Drop
The Federal Reserve chair said officials could still raise rates “if” that becomes necessary, and that it’s too soon to guess when they will ease.
Read moreThe 60/40 Portfolio Is Alive and Well
The storm over the so-called 60/40 investment portfolio misses the point, our columnist says. The key issue is diversifying your portfolio, and that is as important as ever.
Read moreLi Auto and Xpeng continue rewriting monthly sales records, charged by mainland China’s love for battery-powered vehicles
Li Auto and Xpeng, two top premium electric vehicle builders in China, rewrote sales records in November, as their new car models amplified the popularity of battery-powered vehicles.
Read moreChinese EV maker Hozon kicks off operations at its first overseas factory, in Thailand, as it steps up push for Southeast Asian market share
Hozon New Energy Automobile has started assembling vehicles in Thailand at its first overseas factory as it steps up its efforts to tap the Southeast Asian market.
Read moreChina’s economic data again under the microscope, local authorities warned over falsifying statistics
China’s statistics authority says regions in Guizhou province falsified data, while county governments in Shaanxi province intervened in data gathering following a round of inspections earlier this year.
Read moreUlta Beauty shares pop as sales climb 6%
Ulta Beauty reported a jump in sales year over year and said its chief financial officer would retire in April.
Read moreChina’s Xinjiang building world’s longest highway tunnel in play for regional connectivity
A highway tunnel under construction in China’s Xinjiang region is expected to be the world’s longest, and serve as a symbol of stronger ties with Central Asia.
Read moreChina factory activity surprisingly expands in November, hits 3-month high
China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 50.7 in November from 49.5 in October, data released on Friday showed.
Read moreXi Jinping’s investment promise, Mastercard, visa-free entry: 7 things from China’s economy in November
President Xi Jinping pledged more measures to attract foreign investors in November, Premier Li Qiang took the helm at the Central Financial Commission and China announced visa-free entry plans.
Read moreNovo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs
The lawsuits come as Novo Nordisk grapples with shortages of Wegovy and Ozempic in the U.S. due to skyrocketing demand.
Read moreActivist investor Nelson Peltz launches Disney proxy fight, seeks multiple board seats
Nelson Peltz and his firm, Trian, are seeking multiple seats on Disney's board, triggering a proxy fight.
Read moreBiotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen for $10 billion
Shares of other biotech companies developing ADCs, which are among the hottest areas in the pharmaceutical industry, jumped on the news of the buyout.
Read moreDisney CEO Bob Iger says company's movies have been too focused on messaging
Disney CEO Bob Iger acknowledged his company's movies have been too focused on messaging rather than strong storytelling.
Read moreMars, accused of using child labor in its supply chain, says it aims to end the practice
Children in Ghana are harvesting cocoa used in Mars' M&M's and Snickers, according to a CBS News report.
Read more'Sound of Freedom' studio looks to build on crowdfunding success with new film 'The Shift'
Angel Studios' "The Shift" was crowdfunded by 6,000 investors. It arrives in theaters Friday.
Read more'The great wealth transfer' is here: Billionaires set to give trillions to their kids
New billionaires made more of their fortunes from inheritance than from entrepreneurship in recent months, according to the UBS Billionaire Ambitions Report.
Read morePending home sales drop to a record low, even worse than during the financial crisis
Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly eclipsing 8%.
Read moreAlistair Darling: Steady hand in an economic crisis
Former Labour chancellor Alistair Darling, who has died at the age of 70, found himself at the centre of the 2008 global financial crisis.
Read moreCovid vaccine rates in the U.S. are slumping — and it will be a challenge to boost them
The one thing that experts, along with vaccine makers, can agree on is that low vaccination rates put people at risk of getting severe Covid infections.
Read moreFord reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
Ford expects $10 billion to $10.5 billion in adjusted earnings before interest and taxes and adjusted free cash flow of between $5 billion and $5.5 billion.
Read moreMore Chinese investors look abroad to park cash as Beijing seen ‘softening’ on capital flows
Overseas investments by Chinese businesses are poised to surge after peaking in 2016 and then plunging amid internal and external pressures. Now, companies in the tech, energy and EV sectors are ‘in the driver’s seat’.
Read moreWhy investors betting against China’s economy should learn from 2023
Much like those who expected a roaring economic recovery in China this year, bears forecasting doom and gloom risk making a costly mistake. Stronger-than-expected data increases the scope for a meaningful rally, and investors would do well to show some humility in their predictions.
Read moreChina manufacturing: tech can keep supply chain risks in check, expo panellists say
Speakers at supply chain forums repeatedly brought up tech and innovation as ways for China to avoid uncertainties and maintain its place as the world’s manufacturing hub.
Read moreChina’s property, demand weaknesses weigh heavy as factory, services activity dent economic recovery efforts
China’s official manufacturing purchasing managers’ index fell to its lowest reading since July, with the non-manufacturing gauge falling to the lowest level this year.
Read moreWhy food discount stickers may be a thing of the past
Supermarkets and other retailers are increasing switching to AI-powered digital price displays.
Read moreChina jobs: how much employment pressure is the world’s second-largest economy facing?
A prolonged downturn in the property market and fragile business confidence are expected to further weigh on employment prospects in China.
Read moreChina-Turkey business deals on rise as ‘strategic partnership’ evolves out of geopolitical strife with West
Turkish ambassador says his country can help China’s trade with the world, including the European Union, with which Turkey has a free-trade agreement while China does not.
Read moreHow US’ anti-China supply chain strategy risks hurting American consumers
Foreign firms looking to diversify their supply chains away from China could inadvertently create negative outcomes for the environment and consumers. Simplicity is a virtue in supply chain management, and countries other than China that can provide end-to-end solutions are few and far between.
Read moreChina’s C919 clears the runway for overseas suppliers, broadening market appeal despite headwinds
As purchase orders for the C919 commercial jet continue to grow, overseas suppliers and services are rushing to join China’s aviation expansion, despite concerns over geopolitics and intellectual property.
Read more'Covid and criminals ruined my Airbnb for cars idea'
A UK entrepreneur explains why his idea to build a car-sharing network like Airbnb didn't work out.
Read moreHow China’s lottery boom reflects a ‘long and challenging road’ to its economic recovery
Shifting consumption habits among Chinese consumers show how their risk appetites are changing, and many are willing to spend a small amount on the slim chance of a life-changing payout.
Read moreClimate change: record clean energy generation could propel China to peak power sector emissions by 2025, report says
Record clean energy installations could help China’s power sector to reach peak emissions in the next two years, but continued investment in coal-based capacity and a lack of firm emissions targets could undermine optimism about the country’s green transition, according to climate researchers.
Read moreChina’s AI aspirations will fuel economy, drive investment into the trillions of dollars: McKinsey
It’s been one year since the public release of ChatGPT, kick-starting an AI race that is commanding vast resources by Chinese firms looking to cash in on ‘frontier tech’.
Read moreBIS governors’ meeting: China to see healthy and sustainable growth in the year ahead, central bank chief Pan Gongsheng says
China’s policymakers are turning their attention towards ‘high-quality and sustainable growth’, and are focusing on improving the country’s economic structure and forming new growth drivers, the central bank governor says.
Read morePresident Xi Jinping to chair Yangtze River Economic Belt meeting during Shanghai tour in display of support for the financial hub
Chinese President Xi Jinping will chair a meeting of officials from the Shanghai, Jiangsu, Zhejiang and Anhui provinces, urging them to make concerted efforts to reinforce the development of the Yangtze River Economic Belt, one of his signature projects, sources familiar with the matter told the Post.
Read moreChina eager for closer supply chains and no decoupling, Premier Li Qiang tells inaugural expo, in latest charm offensive
Premier Li Qiang spoke during the opening ceremony of the inaugural China International Supply Chain Expo on Tuesday in Beijing.
Read moreThe T-shirt chewing enzyme ready to tackle plastic waste
A French start-up is ready to use an enzyme which can break down plastic on an industrial scale.
Read moreSouth China Sea: openness encouraged to shore up marine economy after disputes threaten to capsize relations
As China looks to shore up its marine economy and turn the tide with Southeast Asian countries after several heated disputes in the South China Sea, an academic has suggested a strategy of ‘unilateral opening-up’.
Read moreChina, Vietnam seek rail and hi-tech ‘interconnection’ as trade, investment skyrocket
Chinese commerce minister Wang Wentao met Vietnamese Prime Minister Pham Minh Chinh on Saturday in Ho Chi Minh City, with trade and Vietnamese infrastructure on the agenda.
Read moreChina’s economic salvation lies in a ‘consumer-based society’ with market rules that don’t rattle investors: Beijing adviser
From domestic players to foreign firms, a ‘lack of consistent rules’ governing China’s market is holding back its potential, warns prominent economist Zheng Yongnian.
Read moreClimate change: Hong Kong has unique role to play as China’s offshore capital hub for green finance, says UN envoy
The world’s largest emitter of greenhouse gases must accelerate environmentally friendly projects if it is to transition to a low carbon economy, and this provides an opportunity for Hong Kong, says UN resident coordinator in China.
Read moreChina leads the world in EV infrastructure but lags behind in consumer spending power: Euromonitor
China leads the world in developing infrastructure to support the growth of EVs, but trails major European countries in consumer spending power on battery-powered cars, according to a report by Euromonitor.
Read moreChina needs to ‘spell out, ram home’ impact of private sector to allow economy to flourish, economist says
Private investment in China remained in contraction in the first 10 months of the year, with prominent economist Teng Tai saying new guiding theories are sorely needed.
Read moreThe job-sharing apps that feel like online dating
New website platforms are working like matchmakers to connect potential job sharers.
Read moreSlick videos or more 'authentic' content? The Israel-Gaza battles raging on TikTok and X
Pro-Palestinian TikTok posts gain traction with Gen Z, while slicker Israeli content is popular on X.
Read moreThe electronic noses designed to prevent food poisoning
Tech firms have developed AI-powered sensors that can detect bacteria in food.
Read moreOmegle: ‘How I got the dangerous chat site closed down’
"Alice" speaks exclusively to the BBC after her successful lawsuit against Omegle forced it offline.
Read more14 injured after plane hit by wild turbulence
Multiple passengers have been injured on an international flight to to severe turbulence.
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