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Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales
Home Depot is buying SRS as its sales growth stagnates and it leans into its home professional business.
Read moreChina-Australia wine trade to resume as Beijing nixes tariffs after 3 years
The move had been widely expected this month, and a formal announcement from Chinese commerce authorities shows how much ties with Canberra have improved in the past year.
Read moreEaster travel warning as millions set to hit roads
The RAC warns of "carmageddon" as heavy traffic is expected during the Easter getaway.
Read moreThames Water races to find cash as problems worsen
Investors are refusing to provide an expected first £500m by the end of this month.
Read more4 Takeaways About Boeing’s Quality Problems
The company’s issues date back years, employees said, and were compounded by the pandemic, when it lost thousands of experienced workers.
Read moreCalifornia $20 Fast-Food Minimum Wage Is Coming April 1
The nation’s highest state minimum wage for fast-food workers takes effect on Monday. Owners and employees are sizing up the potential impact.
Read moreHow Boeing Favored Speed Over Quality for the 737 Max
Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.
Read moreHold the bazooka: weak China growth, low stimulus is new normal
Investors banking on Chinese policymakers providing aggressive stimulus are trapped in an old view of China and its economy. The news is far from all doom and gloom, but investors need to accept that China’s economy will remain vulnerable and recovery will take time.
Read moreTesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
Read moreChina Lifts Punishing Tariffs on Australian Wine
Despite its thirst for Australian wine, China had taxed the imports in 2020 over a dispute about Covid-19.
Read moreChinese conglomerate Fosun International to accelerate asset sales as deleveraging campaign boosts financial profile
Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses
Read moreThe China smartphone giant taking on Tesla
Xiaomi's entry into the electric car market comes as a price war has been intensifying.
Read moreBird Flu Spreads to Dairy Cows
U.S. regulators confirmed that sick cattle in Texas, Kansas and possibly in New Mexico contracted avian influenza. They stressed that the nation’s milk supply is safe.
Read moreImagine a world free from the oppression of a US-led global order
It would spell the end of the US ability to impose its will on the international community, shape other countries in its image and shift the burden of its economic crisis onto others.
Read moreModerna moves three vaccines into final stage trials as it works to rebound from Covid slump
Moderna will chart its post-Covid future Wednesday during its fifth annual "Vaccines Day," an investor event in Boston.
Read moreCars, coal and gas... key cargo at Baltimore port
It handles more cars than any other US port. So what happens now it's closed for business?
Read moreDisgraced 'Crypto King' Bankman-Fried to be sentenced
The former boss of bankrupt crypto exchange FTX is due to be sentenced for multi-billion dollar fraud.
Read moreRonna McDaniel and NBC Saga: The Perks and Perils of Partisan Talk on TV
Why are television news networks so enamored with paid Beltway analysts?
Read moreAnother Wayward Container Ship Shows World Trade’s Fragility
The destruction of a Baltimore bridge is hampering a busy port, adding to the strains confronting the global supply chain.
Read moreXi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatus
President Xi has told financial cadres that their monetary policy toolkit must include a controversial means of injecting liquidity into China’s economy – one that has not been used in two decades.
Read moreNinja, Twitch’s Top Streamer, Reveals Skin Cancer Diagnosis
The gamer, Tyler Blevins, said a mole removed from his foot during a recent checkup with a dermatologist was found to be a melanoma.
Read moreBoeing Jokes Are a Favorite on TikTok. Guess Who’s Not Laughing.
Social media users have managed to turn the troubled airplane manufacturer’s headlines into punchlines, though some play fast and loose with the specifics.
Read moreTrump Media’s Stock Has Made Many People and Companies Millions
A surge in the social media company’s market value has generated a windfall for current and former executives, on top of the bonanza for its largest shareholder, former President Trump.
Read moreNovo Nordisk's $1,000 diabetes drug Ozempic can be made for less than $5 a month, study suggests
Researchers found Novo Nordisk's Ozempic could be manufactured for an estimated 89 cents to $4.73 for a month's supply, figures that include a profit margin.
Read moreHyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules.
Read moreDisney Ends Its Fight With DeSantis Over Resort Development
The entertainment giant and the Florida governor have been sparring for two years over control of a tax district that encompasses Walt Disney World.
Read moreYellen Warns China Against Flood of Cheap Green Energy Exports
The Treasury secretary, who plans to make her second trip to China soon, argued that the country’s excess industrial production warped supply chains.
Read moreStephen Adams, Who Made Yale Music School Tuition-Free, Dies at 86
A billionaire businessman and a late-blooming piano aficionado, he set a record with the anonymous $100 million gift that he and his wife gave the school.
Read moreThey Grow Your Berries and Peaches, but Often Lack One Item: Insurance
Farmers of fruits and vegetables say coverage has become unavailable or unaffordable as drought and floods increasingly threaten their crops.
Read morePalisades Nuclear Plant in Michigan Plans to Reopen With $1.5 Billion Loan
The conditional loan from the Energy Department is part of a broad effort to revive the use of nuclear energy in the United States.
Read moreWhy the Solar Eclipse Will Not Leave People Without Power
Grid managers say they are well prepared to handle a sharp drop in the energy produced by solar panels as the eclipse darkens the sky in North America on April 8.
Read moreDaniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90
He helped pioneer a branch of the field that exposed hard-wired mental biases in people’s economic behavior. The work led to a Nobel.
Read moreHolidaymakers caught out by 10-year-passport rule
UK passports can have up to 10 years and nine months on them but EU countries won't accept them.
Read moreLargest U.S. sportsbooks join forces to tackle problem gambling
FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 will form the Responsible Online Gaming Association.
Read moreSupply chain concern after Baltimore ship crash
The Francis Scott Key Bridge, which collapsed on Tuesday, spanned the ninth-busiest port in the US.
Read moreBudget fashion brands pledge clearer green claims
Asos, Boohoo and George at Asda will make changes after intervention from the competition authority.
Read moreBankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.
Read moreChina’s home-grown C929 widebody passenger jet enters ‘crucial’ development stage amid Beijing’s aviation push
Commercial Aircraft Corporation of China official says the ‘overall technical scheme’ of the C929 ‘has been determined’, with the first middle section of the widebody passenger jet set to be delivered by September 2027.
Read moreCostco and Sam's Club's smaller rival BJ's Wholesale will open more clubs in Southeast
The membership warehouse BJ's Wholesale said it plans to open a dozen clubs this year and 10 to 12 clubs each year going forward.
Read moreThe Fallout From the Credit Card Swipe Fee Fight
A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.
Read moreHong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum
Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024.
Read moreChina faces US$50 billion shortfall in Southeast Asia as belt and road funds miss their mark
An estimated US$50 billion pledged by China for infrastructure in Southeast Asia has yet to manifest in completed projects according to a recent study, raising questions over the efficacy of the country’s Belt and Road Initiative.
Read moreTrump’s Media Company Worth Nearly $8 Billion on First Trading Day
Trump Media & Technology Group, fresh from a merger with a cash-rich shell company, started trading on the Nasdaq, adding billions of dollars to the former president’s wealth.
Read moreTop streamer Ninja diagnosed with cancer at 32
Tyler 'Ninja' Blevins is the most-followed streamer in the world, with 19m followers on Twitch.
Read moreFord sees opportunity for Mustang as competitors abandon V8 engines
The optimism follows the Chevrolet Camaro and Dodge Challenger — the Mustang's closest American competitors — ended production in December.
Read moreChina calls for ‘critical’ IMF reforms to mirror economic prowess, a collective Asian voice
People’s Bank of China governor Pan Gongsheng tells the Boao Forum for Asia on Wednesday that established international institutions, including the International Monetary Fund (IMF), are in need of reform.
Read more5 New Hotels Where the Past Meets the Present
Turrets, towers and tapestries greet guests at these evocative hotels in reimagined historic buildings in London, New York and beyond. (The food’s not bad, either.)
Read moreIsrael Deploys Expansive Facial Recognition Program in Gaza
The experimental effort, which has not been disclosed, is being used to conduct mass surveillance of Palestinians in Gaza, according to military officials and others.
Read moreHow Elon Musk Became ‘Kind of Pro-China’
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
Read moreConservative Commentators Condemn Uproar at NBC
On Fox News and elsewhere, the commentators have expressed incredulity over the reaction to the hiring of Ronna McDaniel, the former chair of the Republican National Committee.
Read moreJapan nappy maker shifts from babies to adults
Since 2011, sales of adult nappies have outpaced those for infants in Japan as its population ages.
Read moreWang Xiaoshuai, the Filmmaker, Draws Wrath of China’s Censors
Wang Xiaoshuai is among the few Chinese artists who refuse to bend to state limitations on the subjects they explore.
Read moreBarclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.
Read moreAutomakers Rerouting Shipments After Baltimore Bridge Collapse
The city’s port ranks first in the country for the volume of automobiles and light trucks it handles.
Read moreBaltimore Bridge Collapse Creates Upheaval at Largest U.S. Port for Car Trade
A bridge collapse closed Baltimore’s port, an important trade hub that ranks first in the nation by the volume of automobiles and light trucks it handles.
Read moreChina’s anxious jobseekers face reality as career aspirations vanish, youth unemployment pressure remains
Young jobseekers in China are grappling with disillusionment within the grim employment market, while Beijing is eager to maintain social stability and boost consumption.
Read moreRonna McDaniel Is Out at NBC News After Furor
A string of top stars had denounced the hiring of Ms. McDaniel, the former chairwoman of the Republican National Committee, on their own airwaves.
Read moreTackling deepfakes 'has turned into an arms race'
The battle against fake images, video and audio is becoming ever harder as the tech improves.
Read moreEuropean flying car technology sold to China
The Slovakian AirCar, built with a BMW engine and run on normal fuel, will now be made in China.
Read moreWhat to Know About Trump Media’s Stock Debut
Trump Media attracted a frenzy of interest on its first day of trading, and is now worth nearly $8 billion. Here are the basics of what’s happening.
Read moreNew Women Workplace Index to track female-friendly office policies in Hong Kong, Asia
The Women Workplace Index, which was launched on Tuesday, will collect data from firms on policies and practices such as those against sexual harassment, as well as maternity leave and equal pay.
Read moreVisa and Mastercard Agree to Cap Swipe Fees in Settlement
The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.
Read moreISIS Claimed the Moscow Concert Hall Attack. Russian Officials Blame Others.
Russian narratives served to deflect attention from the failure to prevent the deadly attack while rallying the country behind the war in Ukraine.
Read moreSean Combs’s Lawyer Calls Home Raids an ‘Unprecedented Ambush’
A day after two of the entertainment executive’s homes were raided by federal agents from Homeland Security Investigations, his lawyer said his client is innocent.
Read moreVacation Rentals: How to Make Your Stay Sustainable
Tips on finding a sustainable short-term rental, what you can do to conserve energy and getting involved in the community.
Read moreFDA approves Merck's drug for rare, deadly lung condition
The approval is a win for Merck, which is working to diversify its revenue stream as its blockbuster cancer drug Keytruda nears a loss of market exclusivity.
Read moreLabor Department Proposes New Fiduciary Rule to Protect Investors
The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change.
Read moreDonald Trump media firm soars in stock market debut
The long awaited moment hands the former president a stake worth more than $4bn.
Read moreCanada Goose to cut 17% of its corporate workforce, following string of retail layoffs
Canada Goose said Tuesday that it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending.
Read moreViking Therapeutics stock jumps more than 15% on promising weight loss pill data
The Viking study results add to the growing excitement around the biotech company and its potential in the budding weight loss market.
Read moreMcDonald's to sell Krispy Kreme doughnuts nationwide by the end of 2026
Krispy Kreme will more than double its distribution to reach McDonald's restaurants nationwide.
Read moreWhy a small China-made EV has global auto execs and politicians on edge
The China-built BYD Seagull, a compact all-electric hatchback, starts at just 69,800 yuan (or less than $10,000).
Read moreTikTok Bill Would Complicate ByteDance Investments if Passed
Major U.S. investment firms such as General Atlantic, Susquehanna and Sequoia Capital own stakes in ByteDance, the parent of TikTok. Their investments are increasingly under fire.
Read moreHyundai’s Genesis reveals all-electric SUV concept, the Neolun
Hyundai's Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun.
Read moreUse of Abortion Pills Has Risen Significantly Post Roe, Research Shows
Two new studies show fast-growing use of the pills on the eve of the Supreme Court’s consideration of a case seeking to ban or restrict them.
Read moreBritish Gas chief's pay package jumps to £8.2m
Centrica chief executive Chris O'Shea gets £4m more in 2023, up from £4.5m the year before.
Read moreData centre power use 'to surge six-fold in 10 years'
National Grid says "foundational technologies" like AI and quantum computing are driving power demand.
Read moreHow do I know if my smart meter is broken?
Almost four million smart meters in Great Britain were not working at the end of 2023.
Read more'We need someone to fix Boeing.' Here's who could replace Calhoun as the troubled plane maker's CEO
Boeing's next CEO must handle the company's safety crisis and quality problems as well as growing competition from Airbus and Chinese manufacturers.
Read moreBYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds
BYD reported an 81 per cent jump in earnings last year to an all-time high on the back of record deliveries of new electric vehicles. Weak consumer spending might, however, cool sales, it said.
Read moreChina’s foreign investment, confidence push gathers speed as top officials highlight ‘win-win opportunities’
Nearly all of China’s top-level officials responsible for economic affairs have met or have plans to meet with multinational executives amid Beijing’s push to revive confidence and lure foreign investment.
Read moreAlmost four million smart meters not working properly
Customers report being hit by hefty bills caused by smart meters not working properly.
Read morePapa Johns pizza to shut nearly a tenth of UK sites
The chain has confirmed it will shut 43 of its 450 restaurants by the middle of May.
Read moreVacation home co-ownership platform Pacaso expands to lower-priced listings
Pacaso lists shares of vacation homes, generally an eighth but sometimes larger shares, and then facilitates the purchase, including financing if necessary.
Read moreChina jolts US at WTO with complaint over ‘discriminatory’ EV subsidies
China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final assembly.
Read moreWhy BlackRock’s Larry Fink Wants to Rethink Retirement
Larry Fink, who leads the world’s biggest asset manager, warns in his annual investor letter that an aging population will soon pose huge economic troubles.
Read moreChinese ex-trade negotiator who backed Trump slams US for ‘dismantling the system’ of global trade
Long Yongtu tells the Boao Forum for Asia that ‘globalised economic and trade systems are at stake’, and targeting Chinese companies in Mexico would mean higher prices for Americans.
Read moreXpeng, BYD executives say Greater Bay Area firms’ expertise in smart tech, superfast battery charging will drive EV growth in China
Smart technology such as autonomous parking systems and the wide availability of superfast battery charging infrastructure will drive a boom in EV sales over the next five years, according to two of the segment’s leading manufacturers.
Read moreBoeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant
Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.
Read moreWelsh shoppers shell out the most for Easter eggs
Shoppers on average spent £13.52 on four chocolate treats this year amid soaring cocoa prices.
Read moreChina’s central bank head dissuades real estate woes as Vanke teeters towards default
Pan Gongsheng, governor of the People’s Bank of China, has attempted to dispel concerns over the country’s laggard property market in closed-door talks with executives and financiers.
Read moreTop PE firms Apollo, Partners Group, TPG, with solid core business, target alternative assets in Asia to ‘generate alpha’
While PE firms operating in Asia are confident in their core business, they are eyeing alternative assets such as private credit and infrastructure to generate alpha, executives say at the Milken Institute symposium.
Read moreBoeing boss to leave as firm faces safety crisis
Dave Calhoun will leave the planemaker at end of this year amid a deepening crisis over its safety record.
Read moreDeSantis Signs Social Media Bill Barring Accounts for Children Under 14
A new Florida law also requires apps like TikTok and Snapchat to obtain a parent’s consent before giving accounts to 14- and 15-year-olds.
Read moreIn France, the Future Is Arriving on a Barge
The Seine is becoming a test case for a European plan to cut carbon emissions by turning rivers into the new highways.
Read moreChina’s ‘low-altitude economy’ on the rise as southern city named focal point
Nansha, a district in China’s southern provincial capital of Guangzhou, has been christened as a test bed for the ‘low-altitude economy’, an emerging industry covering unmanned vehicles, particularly drones.
Read moreMoves to make it harder to repossess leasehold homes
Forfeiture means leaseholders can be threatened with losing their home if they do not pay service charges.
Read moreNBC News Faces Rebellion Over Hiring of Ronna McDaniel, Ex-RNC Chair
In extraordinary on-air remarks, Mika Brzezinski, Joe Scarborough and Nicolle Wallace questioned their own network’s decision to hire Ronna McDaniel as a political analyst.
Read moreCould AI take the grind out of accountancy?
AI could mean fewer accountancy jobs but is also taking over some of the more mundane tasks.
Read morePayout for Uber Eats driver over face scan bias case
A black delivery driver's account was removed after facial-recognition software failed to recognise him.
Read moreDisposable bans will not work, says vape boss
British American Tobacco boss says bans overseas are not "effective" and the illegal market is large.
Read moreU.S. and Britain Accuse China of Cyberespionage Campaign
The actions on both sides of the Atlantic, which included sanctions, underscored the escalation of cyberconflict between Western allies and Beijing.
Read moreInside Amira Yahyaoui’s Claims about Mos, a Student Aid Start-Up
Amira Yahyaoui, a human rights activist, promoted the success of her student aid start-up, Mos. Some of her statements do not add up, according to internal data and people familiar with the company.
Read moreYoung Chinese Embrace ‘Gross Outfits’ at Work
The social media movement is the latest sign that some of China’s young people are resisting the compulsion to strive.
Read moreMinister calls for time in women's pension row
Work and Pensions Secretary Mel Stride says a report recommending pay-outs must be properly considered.
Read moreTrump’s Multibillion-Dollar Social Media Company Will Start Trading on Tuesday
Trump Media & Technology Group completed a deal to merge with Digital World Acquisition Corp., a cash-rich shell company. The merger increases the former president’s net worth by roughly $3 billion.
Read moreBiden, Promising Corporate Tax Increases, Has Cut Taxes Overall
President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.
Read moreChick-fil-A Shifts Its ‘No Antibiotic’ Chicken Policy
The fast food restaurant chain will continue to bar the use of antibiotics used to treat people but will permit the use of animal antibiotics.
Read moreDave Calhoun, Boeing CEO, to Step Down in Management Reshuffle
The company’s chief executive, Dave Calhoun, said he would leave at the end of the year. Stan Deal, Boeing’s head of commercial planes, departed immediately.
Read moreTennessee Company Hired Children to Operate ‘Dangerous’ Machinery, Officials Say
Tuff Torq Corp. of Morristown, Tenn., must pay a fine of nearly $300,000 and set aside $1.5 million in profits to compensate 10 underage workers, the Labor Department said.
Read moreDave Calhoun’s Rocky Tenure as Boeing CEO: Timeline
The outgoing chief executive’s four years in the top job were marked by safety scandals, grounded planes, Covid and more grounded planes.
Read moreCBS Signs 5-Year Deal for Golden Globes
The agreement gives a much-needed shot in the arm for a program that was on life support not long ago.
Read moreHas China Lost Its Taste for the iPhone?
Apple has deep ties in the country, its second-largest market. But there are signs that Chinese consumers are becoming a harder sell.
Read moreBig Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner
The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok, which faces a possible ban in the United States.
Read moreE.U. Takes Aim at Alphabet, Apple and Meta in Wide-Ranging Investigations
The inquiries signal the bloc’s intention to tightly enforce sweeping new competition rules that took effect this month.
Read moreLegoland owner to charge more at peak times
"Dynamic pricing" will see families pay more to enter a Merlin Entertainments venue at peak times.
Read moreAmgen wants in on the booming weight loss drug market — and it's taking a different approach
Amgen is testing a monthly injection that works differently and appears to help patients maintain their weight loss even after they stop taking it.
Read moreHigher Bid, and National Security Concerns, for Vista Outdoor
MNC Capital has raised its takeover offer for Vista Outdoor, the owner of Remington ammunition — and amplified worries about a non-American rival bidder.
Read moreNelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle
The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.
Read moreAt China Development Forum, foreign firms keep calling for action as Beijing makes more promises
Industry and information technology minister touts benefits of setting up R&D centres in China and teaming up with domestic firms, as inbound investments have slowed amid geopolitical tensions.
Read moreChina plays down concerns over state health insurance scheme, but questions remain over ‘value for the money’
China’s state health insurance system regulator plays down concerns over a fall in the number of participants in the voluntary urban and rural residents’ scheme.
Read moreHow reforming rural land rights can aid China’s common prosperity push
China finds itself in need of its latest landmark reform as the urban-rural divide keeps growing and the broader economy is seeking new sources of growth. One possible solution is finding better uses for rural land and giving farmers the same legal rights as urban residents to rent, transfer or mortgage their land.
Read moreChuck Todd and ‘Morning Joe’ Hosts Object to NBC’s Hiring of Former R.N.C. Chair
The extraordinary comments on “Meet the Press” revealed tensions in NBC’s news divisions over Ronna McDaniel, who recently stepped down as head of the Republican National Committee.
Read moreChina wary of ripple effects as power-producer provinces combat drought
A drought in China’s southwest has stoked fears the dry period could have severe knock-on effects, with agriculture, hydroelectric power and aluminium production all facing potential shortfalls.
Read moreJanet Yellen’s China plan: US Treasury secretary to meet American firms in Guangzhou before officials in Beijing, sources say
Before heading to Beijing next month, Yellen will be briefed in Guangzhou on the American business community’s concerns, including overcapacity issues, ahead of the US presidential election.
Read moreChina EV war: BYD takes on laggards Toyota, VW with steep price cuts
BYD, the world’s top-selling electric-vehicle maker, is currently discounting almost every model it sells, as part of a marketing campaign declaring ‘electricity is cheaper than oil’.
Read moreGermany’s Solar Panel Industry, Once a Leader, Is Getting Squeezed
Domestic manufacturers are caught between China’s low prices and U.S. protectionist policies, even as demand increases.
Read moreAsia-Pacific private equity deals stalled last year as slowing growth, high rates and volatile markets spooked investors: Bain
Japan overtook China as the biggest private equity market in Asia-Pacific last year, becoming the only country to see an increase in deal activity, according to Bain & Company.
Read moreBritish Media Showed Restraint on Princess Kate’s Health. It Didn’t Make a Difference.
The online frenzy over Catherine’s health escalated despite a reserved approach by Fleet Street — which promptly blamed Americans for the furor.
Read moreGucci’s China shock reverberates across the luxury landscape
Fears of a slowdown in spending among Chinese shoppers have dogged the luxury industry for the better part of a year. Gucci’s sales slump may be a sign of things to come.
Read morePing An, China’s largest insurer, is exploring ways to expand in Hong Kong and Greater Bay Area, co-CEO says
Ping An, China’s largest insurer by market capitalisation, is exploring ways to further expand operations in Hong Kong and the Greater Bay Area, its newly appointed co-CEO said.
Read moreChina’s construction for Indonesia’s new capital Nusantara to lead growing overseas city-building portfolio
Chinese construction firms are eyeing opportunities in Nusantara, which is set to replace Jakarta as Indonesia’s capital, adding to projects in Africa, the Middle East and elsewhere in Asia.
Read moreHere's how much people are willing to spend on weight loss drugs, according to a new survey
Some patients are willing to pay more for GLP-1 weight loss drugs like Wegovy than others — and it's strongly correlated to their annual income.
Read moreChina’s hi-tech push for computing power, AI gains must overcome glaring shortcomings, analysts say
A dearth of critical supplies for AI development, exacerbated by Washington’s tech-curtailment moves against China, is seen reflecting the need for a unified and better-funded domestic market.
Read moreWhat investors should know about the U.S. easing vehicle emissions rules
The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers can meet its new regulations.
Read moreChina’s edge in the AI robotics race lies in the Greater Bay Area
Thanks to the Greater Bay Area’s tech champions Huawei, BYD, Tencent and DJI, China commands nearly 40 per cent of the global supply chain for embodied AI.
Read moreLululemon shares plunge 16% on weak guidance, slowing North America growth
Lululemon raised its holiday sales guidance in January after it saw sales trends come in "balanced across channels, categories, and geographies."
Read moreChrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'
Stellantis on Friday said the layoffs would affect about 2% of employees in certain units "after rigorous organizational reviews."
Read moreThe U.S. is the top country for millionaires and billionaires
The population of millionaires in the U.S. over the past five years has grown nearly twice as fast as China’s.
Read moreFanatics fires back at DraftKings' claims of corporate espionage in bitter legal battle
In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.
Read moreNBC's Paris Olympics opening ceremony will play on IMAX screens
NBC's live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.
Read moreChina’s hydrogen ambitions chug on as train trial aims to keep green agenda on track
Reaching 160km/h (99mph) in a trial run, China’s new hydrogen-powered train is touted as a cleaner transport option as the nation strives to peak emissions by 2030.
Read moreChina’s Australian coal imports surge, replacing Russia as top supplier, but hi-tech products to be ‘slow burner’
China’s imports of Australian coal increased by 3,188 per cent year on year to US$1.34 billion in the first two months of 2024 amid improving relations between Beijing and Canberra.
Read moreRussia’s car tycoons look to China for a lifeline to restart production in bid to nurture Europe’s biggest vehicle market
Russian carmakers are seeking to restart output in a country that produced some 1.5 million vehicles annually before the war and once aimed to become Europe’s biggest auto market.
Read more‘I want to help people fly – and keep them safe’
Many experienced aircraft engineers are retiring and the aerospace sector is struggling to replace them.
Read moreChina’s 300 million migrant workers key to boost consumption, not lavish infrastructure, ex-adviser says
A former central bank adviser says China’s 1 trillion yuan (US$139 billion) of ultra-long term special bonds should be used to improve services for migrant workers as it seeks to boost consumption to drive its economy.
Read moreWhat makes China’s ‘ultra-long’ bonds special? Here’s what we know about Beijing’s trillion-yuan offering to stabilise economy
Beijing’s new off-budget treasury bonds will span decades, and they have been sold only 3 times before – in some of the most challenging economic times.
Read moreNike shares slide on lackluster outlook, slowing China sales
Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains uncertain.
Read moreChina sees rise of humanoid robots as ‘disruptive innovation’ that will spur economic growth
Just months old, the Beijing Humanoid Robot Innovation Centre says it will release a humanoid robot body soon, but core components still appear out of reach amid its tech war with the US.
Read moreMedicare can now cover certain weight loss drugs in a big step for patients
Medicare patients can soon get coverage for Novo Nordisk's Wegovy as long as it is prescribed to reduce their risk of heart attacks and strokes.
Read moreESPN’s model is eroding. Past and present execs are split on how it can protect its dominance
CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN's future.
Read moreThe top 10 richest cities in America
New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires.
Read moreFormer Disney CEO Bob Chapek breaks silence, says there's no strategic need for ESPN partners
Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.
Read moreChina’s central bank has named 2 new academic advisers, who are they?
People’s Bank of China (PBOC) has named two new academic advisers for its monetary policy committee, which submits advice to the State Council on key moves including interest rate changes and the value of the yuan.
Read moreChinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, tech businesses
Ping An, China’s largest insurer by market capitalisation, said its earnings fell for 2023 to their lowest level in five years, as strong sales of new policies were offset by setbacks in its asset management and technology investment businesses.
Read moreChina’s monetary policy mix more ‘effective, obvious’ than Western-style quantitative easing, focused on economic goals
Senior central bank official says China’s monetary policies are ‘effective and obvious when compared with foreign central banks’.
Read moreChina, EU financial regulators embark on voyage through choppy waters in search of common ground
The China-EU Working Group on Financial Cooperation has met for the first time, and analysts say that while such meetings between economic heavyweights are in the world’s best interests, progress may be slow to come.
Read moreIndia in undersea race to mine world’s battery metal
The country has applied for two new licences to explore the deep seabed in parts of the Indian Ocean.
Read moreChina’s Shenzhen sees trade swell, with ‘impressive’ volumes to the US amid tech war
The first two months of 2024 were lucrative for the southern tech hub even as some of its biggest private players and industry champions remain under sanctions imposed by Washington.
Read moreChina EV exports, slammed by West’s trade barriers, find greener pastures with free-trade partners
Customs data for January and February shows how anti-subsidy probes and trade restrictions are taking a toll on new-energy sector, putting EV producers at risk of being squeezed out of the market.
Read moreChina ups the ante in hunt for foreign investment, hi-tech firms, but will Beijing follow through with actions?
President Xi Jinping visited a Chinese-German joint venture lithium battery material firm earlier this week, before the State Council also unveiled measures aimed at foreign investors and expats.
Read moreFor the sake of its economy, China must address youth unemployment
Beijing is already throwing the sink at the problem, from finding ‘new productive forces’ and sending youth to the countryside to making university deans knock on company doors for jobs.
Read moreChina has ‘bigger fish to fry’ despite Japan upping interest rates for first time in 17 years
Japan ended eight years of negative interest rates on Tuesday, but analysts do not expect any direct impact on China, which is prioritising the stability of the yuan over rate cuts.
Read moreHow I learned to stop worrying and embrace going cashless in China
The widespread use of mobile payment systems on the mainland is a convenient alternative to cash for workers, customers and entrepreneurs History may be repeating itself as China makes significant steps in digital currency and e-payment roll-outs before Western countries.
Read moreChina allows more durian from Vietnam as surging trade underpins new ‘codependency’ in ties
More than 99 per cent of Vietnam’s durian exports went to China last year, and the Southeast Asian country is expected to ship US$3.5 billion of the fruit in 2024.
Read moreEU chamber warns of ‘slow-motion train accident’ with China, says something needs to change
China’s overcapacity is creating problems in Europe and crowding out domestic industries, according to the European Union Chamber of Commerce in China.
Read moreChina’s recalibration of energy efficiency target could increase emissions, put climate goal at risk, analysts say
China’s 2025 decarbonisation goals are in danger of veering off track after policymakers redefined a key energy target that could drive emissions higher, climate experts warn.
Read moreHow Temu is shaking up the world of online shopping
Despite controversy China's Temu is becoming a global online shopping force.
Read moreWhat is a heat pump and how much do they cost?
The financial support to help households replace their gas boilers with heat pumps is increasing.
Read moreWorkaholics Anonymous: 'I couldn't step away from the computer'
We speak to people addicted to work after writer James Graham reveals he has the condition.
Read moreWhat we know about Meghan's regal lifestyle brand
American Riviera Orchard has already amassed hundreds of thousands of online followers.
Read moreWater crisis shakes India’s Silicon Valley
With long queues at public taps and fewer showers, Bengaluru's residents reel under a water shortage.
Read more'Journalists are feeding the AI hype machine'
AI reporters and experts discuss how well or otherwise the media covers the topic.
Read moreWhy firms are bringing their manufacturing back home
Businesses in the West are increasing reshoring their production due to three main factors.
Read moreWhen wind turbine blades get old what's next?
As more wind farms are decommissioned ways need to be found to dispose of their tough turbine blades.
Read moreOnce India's most valuable start-up, Byju's is now fighting to survive
The ed-tech giant is teetering on the precipice after some investors voted to out its CEO last month.
Read more'HMRC gave me £49,000 tax relief, but wants it back'
Some UK start-ups who received tax breaks for innovation are being pursued to repay the money.
Read moreWhat a $1 deal says about America's office market
The US is facing an office property "apocalypse", which is creating worries around the world.
Read moreFaisal Islam: The Budget was more radical than it looked
It lacked pre-election fireworks, but there was a radical thread that could have long-term consequences.
Read moreYour data is all over the web - is there a better way?
Would it be better to keep your personal data in one place, rather than entering it into hundreds of websites?
Read moreMH370: The families haunted by one of aviation's greatest mysteries
They still feel chained to the plane that vanished 10 years ago, with their loved ones on board.
Read more'I earn £70,000 and can now get child benefit payments'
The BBC spoke to people with a range of earnings and household set-ups about how the Budget affects them.
Read moreWhat does the Budget mean for you?
Tax and spending cuts will have a significant impact on your finances, so here's what it means for you.
Read moreCan the Panama Canal save itself?
The authority that runs the canal is looking at ways to conserve the water it needs to stay open.
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