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UK interest rate freeze ends run of 14 straight increases
The surprise decision comes as the Bank of England says price rises are slowing faster than expected.
Read moreTech Giants See Chatbots Everywhere, Including in Your Inbox
Google and Amazon have announced a slew of new A.I. offerings this week, and Microsoft is expected to follow suit.
Read moreH&M in U-turn over online returns fee in store
Its website had previously said customers must pay £1.99 to return parcels either in store or online.
Read moreInterest rates: How the Bank of England's decision affects you and your money
The Bank of England has held interest rates at 5.25%, bringing a run of 14 consecutive rises to an end.
Read moreOlive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales
Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.
Read moreBank of England Keeps Rates Steady for First Time in Nearly Two Years
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
Read moreChina’s home-grown planes touch down in Southeast Asia as West mulls approval
A Brunei airline has committed to buying a batch of China’s domestically produced aircraft – another step forward in the planes’ path to global procurement.
Read moreHow to Claim Your Fortnite Refund
Epic Games, the maker of Fortnite, agreed to pay $245 million to refund customers over accusations that it tricked players into making unwanted purchases.
Read moreFirms forced to sell more electric cars despite petrol ban delay
Car makers will still have to ensure over a fifth of cars sold are electric from 2024, industry sources say.
Read moreThe Lawyers Sam Bankman-Fried Once Trusted Are Drawing Criticism
Mr. Bankman-Fried and his allies have blasted Sullivan & Cromwell, the New York law firm managing FTX’s bankruptcy, for its tangled relationship with the crypto exchange.
Read moreCar makers split on decision to delay petrol ban
Some manufacturers have raised concerns that the move to 2035 could put drivers off switching to electric.
Read moreGovernment borrowing rose to £11.6bn in August
Public borrowing was higher than most economists had expected last month.
Read moreJapan's Toshiba set to end 74-year stock market history
A group of investors plans to take the company private after buying more than 78% of its shares.
Read moreBiggest sell-off of Chinese bonds since reopening provides no relief to investors betting on turnaround in growth
A sell-off triggered by initial excitement over a slew of government measures aimed at boosting growth does not translate to long-term confidence in the economy, market participants say.
Read moreCo-op boss warns of shoplifting 'anarchy'
The grocery chain says stores across the country are struggling with a rise in retail crime.
Read moreHong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.
Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy.
Read moreGoogle accused of directing motorist to drive off collapsed bridge
Google had been asked to update its maps in the nine years before the father of two's death.
Read moreTop Studio Executives Join Writers’ Strike Negotiations
The stalemate is in its fifth month, and talks between the union and the Hollywood studios resumed for the first time since August.
Read moreChina’s middle class puts luxury spending on hold as uncertainty swirls
A recent survey shows China’s newly wealthy are reducing high-cost purchases and reorienting their financial priorities amid broader economic headwinds.
Read moreGoogle’s Bard Just Got More Powerful. It’s Still Erratic.
The chatbot now pulls information from a user’s Gmail, Google Docs and Google Drive accounts. The feature leaves a lot to be desired.
Read moreAdidas CEO says Kanye West didn't mean antisemitic remarks, isn't a bad person
Adidas CEO Bjorn Gulden said Kanye West didn't mean it when he made antisemitic remarks that led to the end of his Yeezy collaboration with the company.
Read moreBankrupted Post Office Horizon victim demands answers after 17 years
An ongoing inquiry into the Horizon IT scandal examines the case of Lee Castleton.
Read moreFord Averts Auto Strike in Canada as UAW Talks in U.S. Inch Along
The United Auto Workers union is threatening to expand strikes on Friday if it does not make significant progress in talks with General Motors, Ford and Stellantis.
Read moreFed Pauses Interest Rate Increases as It Aims for a Soft Landing
Central bankers held rates steady at 5.25 to 5.5 percent, and forecast that they could still make a final quarter-point-rate move this year.
Read moreU.S. will again offer free at-home Covid tests starting Monday
Americans will soon be able to use COVIDtests.gov to request four free tests, the Biden administration said in a release.
Read moreU.A.W. Strike Hits Home in Michigan, the Auto State
Fewer Michigan residents work in auto manufacturing than before, but a strike by U.A.W. members is a reminder of what the industry still means to the state.
Read moreAnheuser-Busch to stop cutting off Clydesdale horse tails after backlash
Anheuser-Busch is bringing an end to the controversial practice of cutting off the tails of its Clydesdale horses for cosmetic purposes.
Read morePhilip Morris considers selling stake in pharmaceuticals unit to boost health-care division
The company's wellness division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options.
Read moreGas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
Read moreDefense Department Awards Chip Funding to Fuel Domestic Research
The $238 million in grants will set up eight research hubs, as a small slice of the federal money that will go to chip companies and research facilities in the coming months.
Read moreGM and Stellantis just laid off more than 2,000 additional workers because of the UAW's strike
The UAW's strike is already affecting other GM and Stellantis factories, where nearly 2,400 workers were laid off Wednesday.
Read moreFed holds interest rates steady - for now
The US central bank signals it could raise its key interest rate again this year
Read moreHow TikTok Stars Like B. Dylan Hollis are Reshaping the American Cookbook
A growing number of video stars are using their online clout to break into the publishing world — and top the best-seller lists.
Read moreFloods, Winds and Temperature Extremes Challenge Rail Lines
The environmental risks to railroads are rising, but the measures to reduce the danger will be costly.
Read moreU.K. Inflation Rate Slips to 6.7%, Slowing for Third Straight Month
Prices rose at an annual rate of 6.7 percent in August. A rise in energy costs was offset by a slower increase in food prices.
Read moreKraft recalls 84,000 cases of American cheese slices over choking hazard
Kraft Heinz announced a recall of Kraft Singles cheese slices after customers complained of choking.
Read moreChatGPT Can Now Generate Images, Too
OpenAI released a new version of its DALL-E image generator to a small group of testers and incorporated the technology into its popular ChatGPT chatbot.
Read moreGM executive slams UAW over 'flow of misinformation,' rhetoric during strike
President Mark Reuss focused on the union's public bashing of GM and elements of the company's "record" contract proposal that included 20% pay raises.
Read moreBritain Passes Sweeping New Online Safety Law
The far-reaching bill had set off debates about balancing free speech and privacy rights against efforts to halt the spread of harmful content online.
Read moreSpaceX countersues Justice Department, seeking to dismiss hiring discrimination case
Elon Musk's SpaceX sued the U.S. Department of Justice in a Texas federal court, aiming to stop the DOJ's hiring discrimination case on constitutional grounds.
Read moreFall Covid shot rollout gets off to a bumpy start as some patients see insurance delays
The reports are fueling confusion among insured patients about whether they can still access Covid shots for free — just as cases tick up across the country.
Read moreWhat Fed Rate Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
Read moreJules Melancon, Oyster Farmer Who Tried Something New, Dies at 65
In the wake of hurricanes and the BP oil spill, he revolutionized his industry by turning from wild catches to cage farming his precious bivalves.
Read moreChina hits back at economic fatalists during gathering of policy heavyweights
During a briefing on the state of China’s economy, officials from multiple government departments presented a united front against criticism of the country’s recent showing.
Read moreIs the Off Season Getting More Expensive?
The heat, mobs and high prices of recent summers are making off-season travel more popular — perhaps too popular, some say, as they watch prices rise and crowds grow.
Read moreFortnite: Parents in US offered refunds for game purchases
Millions in compensation will be paid out after the game tricked players into making unintended purchases.
Read moreGoogle Says Switching Away From Its Search Engine Is Easy. It’s Not.
Google says a change takes just a few steps, but a panel of designers found otherwise. The issue is at the heart of a federal antitrust trial.
Read moreWalmart opens a pet center with veterinary care and grooming as it signals bigger ambitions
With the move, Walmart, the nation's largest grocer, is signaling bigger ambitions in the pet industry after decades of selling dog food and other pet supplies.
Read more$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
Read moreUK inflation: Slowing food prices drive surprise fall
Prices are now rising at their slowest rate in a year-and-a-half with inflation falling to 6.7% in August.
Read moreTaiwan’s export orders see full year of decline, and foreign investment in tech hub paints woesome outlook
Orders for Taiwanese goods in August declined by 15.7 per cent, year on year, but tech sales are expected to get a boost through the holiday season.
Read moreHow to Get the Best Foreign Exchange Rate
How to avoid foreign transaction and bank fees, and where to get the best rate when you travel abroad.
Read moreUnions Fight in the States to Make Biden’s Climate Agenda Work for Workers
Labor leaders worry that some federal incentives for renewable energy do not come with strict standards on pay. In Maine, they added their own.
Read moreDate set for next £300 cost-of-living payment
About eight million people on low incomes and receiving benefits will receive the next instalment.
Read moreFukushima: China's seafood imports from Japan down 67% in August
The fall came as Japan started to release treated waste water from the damaged nuclear power plant.
Read moreHong Kong is well-placed to make use of opportunities in Asia’s growth, Chinese sovereign fund’s global advisors say
The former central bank governor also called for global efforts to offset geopolitical and economic headwinds, in an address at an investment forum by China Investment Corporation.
Read moreClorox Wipes’ Supply Could Be Affected By Cyberattack
The company said a cyberattack discovered in August caused “wide-scale disruption” to its operations.
Read moreForget LA – it’s British film studios that are in demand
The film and high-end TV industry in the UK is seeing a frenzy of activity.
Read moreCost-of-living payments: Who is getting them and when?
Low-income households, pensioners and some disabled people will get extra help with energy bills.
Read moreChina factories with Asean aspirations are lining up for a look at Vietnam, and industrial parks are cashing in
Moving production could save China’s exporters money and help avoid US sanctions, but some warn of increasingly strict rules of origin among Western importers.
Read moreBillions to Connect Everyone to High-Speed Internet Could Still Fall Short
President Biden has promised to provide every American access to reliable high-speed internet. But some have raised concerns about whether the funds will achieve all of the administration’s goals.
Read moreStrike Is a High-Stakes Gamble for Autoworkers and the Labor Movement
Experts on unions and the industry said the U.A.W. strike could accelerate a wave of worker actions, or stifle labor’s recent momentum.
Read moreWhite House no longer sending top officials to Detroit for UAW strike talks this week
President Joe Biden largely sided with the striking autoworkers in an address Friday but has received a relatively cold reception from the UAW.
Read moreEli Lilly sues clinics allegedly selling knockoff versions of Mounjaro diabetes drug
The lawsuits come as Eli Lilly grapples with a shortage of Mounjaro in the U.S. due to skyrocketing demand.
Read moreLive sports are headed to Max, as Warner Bros. Discovery adds a new tier to streaming app
Warner Bros. Discovery said it will add a live sports tier to streamer Max on Oct. 5, bring NBA, NHL, MLB and March Madness games to the platform.
Read moreU.A.W. Threatens Strikes at More Plants
The United Auto Workers union said workers would walk out of more plants on Friday if it didn’t make progress in talks with General Motors, Ford and Stellantis.
Read moreInstacart Rises 12% on First Day of Trading
Shares opened at $42 on Tuesday before declining, valuing the grocery delivery company at $11.1 billion.
Read moreFord barrels toward new Canadian strike that could affect F-Series pickup production
Canadian union Unifor and Ford are approaching an 11:59 p.m. ET Tuesday deadline to reach an agreement for about 5,600 autoworkers before a strike could occur.
Read moreRocket Lab stock drops after first satellite launch failure in more than two years
Rocket Lab's 41st Electron rocket launch failed about two minutes and 30 seconds after lifting off from New Zealand.
Read moreDisney plans to nearly double its investment in parks and cruises business
Disney's theme parks have been a relative bright spot while the entertainment giant struggles to make a profit on streaming.
Read moreSEC Charges Concord, the Money Manager Tied to Roman Abramovich
The Securities and Exchange Commission charged Concord, which managed billions of dollars for Roman Abramovich, with failing to register as an investment adviser.
Read moreKevin Durant's Boardroom launches entertainment and sports advisory firm
NBA superstar Kevin Durant and partner Rich Kleiman are expanding beyond their Boardroom media business.
Read moreBurberry Street Fashion Week Ad Sows Confusion in London
Tourists and Londoners alike were perplexed when the Bond Street tube station was temporarily renamed “Burberry Street” as part of a sponsorship deal with Transport for London.
Read moreDisney Plans to Spend $60 Billion on Parks and Cruises
Amid uncertainty for the company’s film and TV divisions, the investment over the next decade doubles the outlay in the last 10 years.
Read moreMax to Stream Pro Sports Starting in October
Media companies are racing to figure out how to merge live sporting events with their popular but still cash-bleeding streaming services.
Read moreFed Meeting: What to Expect on Interest Rates
The Federal Reserve is unlikely to declare victory this week. But investors will watch for any hint that the end to rate increases is coming.
Read moreSam Bankman-Fried’s Parents Sued by FTX
The lawyers overseeing the bankrupt cryptocurrency exchange accused Joe Bankman and Barbara Fried of enriching themselves with money their son stole from customers.
Read moreBurner Laptops and Smaller Profits: Firms Portray Their China Challenges
Business groups chronicle the difficult environment inside China for U.S. and European companies navigating confusing regulations and an intensified security focus.
Read moreFTX: 'King of Crypto' parents sued over missing millions
Sam Bankman-Fried's parents are being sued as his bankrupt crypto firm FTX seeks to recover money.
Read moreSome Businesses Make ‘Woke Free’ a Selling Point
A number of companies — from clothing to pet care — are trying to appeal to customers who think corporate America is pushing a liberal agenda.
Read moreUninsured Americans can still get free Covid boosters — here's how to find them
The new Covid vaccines from Pfizer and Moderna began to roll out last week after the CDC recommended them to all Americans ages 6 months and up.
Read moreAncient Earthworks Trodden by Golfers Become a World Heritage Site
The UNESCO World Heritage Committee has recognized the Octagon Earthworks in central Ohio as a cultural marvel.
Read moreDon’t Stop Believin’? Considering a TV Golden Age, 10 Years Later
“Difficult Men,” Brett Martin’s book about the prestige TV boom, has been rereleased in a 10th-anniversary edition. In an interview, he reflects on how TV has changed since he wrote it.
Read moreAfter a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability
New CNN CEO Mark Thompson begins his job in October, and he'll likely focus on building a subscription digital business around CNN and CNN.com.
Read moreUAW strike: Why are US car workers walking out?
Nearly 13,000 workers for Ford, General Motors and Stellantis have gone on an historic, co-ordinated strike.
Read moreA Key Question in Google’s Trial: How Formidable Is Its Data Advantage?
The government states that data is “oxygen for a search engine” and that Google’s anticompetitive behavior has given it a data fortress. Google says innovation explains its success.
Read moreChina keeps slashing US Treasury holdings, but will it reverse course as rate-hike cycle nears end?
The world’s second-largest economy offloaded US$13.6 billion worth of US debt in July, but China remains the second-largest foreign holder of US Treasury bills, having been surpassed by Japan in mid-2019
Read moreCan Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
Read moreHow Hudson River Park Helped Revitalize Manhattan’s West Side
Developers have poured billions of dollars into transforming neighborhoods in a former industrial area, attracting companies like IAC and Google, and legions of residents.
Read moreUK inflation forecast to be highest of advanced economies
Prices will rise faster in the UK than any other G7 country this year, a forecast suggests.
Read moreHollywood Strikes Send a Chill Through Britain’s Film Industry
Many U.S. studios’ blockbusters are filmed in Britain, so the walkouts by actors and screenwriters have caused thousands of U.K. film crews to lose work.
Read moreUAW will strike at additional U.S. auto plants if 'serious progress' isn't made by noon Friday
The timing of the additional plants would come just over a week after the union announced targeted strikes at assembly plants of about 12,700 autoworkers.
Read moreChina reassures assembled multinationals such as Tesla, HSBC as FDI and stocks dip
As concerns mount over disappointing economic figures, Beijing gathers major firms to remind them of its commitment to their continued success.
Read moreEV charging needs big improvements soon if the auto industry's transition is going to work
There's a groundswell forming to expand and improve the U.S. charging landscape for EVs, but experts agree there's a long road ahead.
Read moreFed Watchers Brace for Higher-for-Longer Interest Rate
With the central bank set update its interest rate forecast, economists see elevated borrowing costs lasting through 2024.
Read moreBlackRock downgrades Chinese stocks as conviction sours amid property slump and stimulus policy limp
BlackRock, the world’s biggest money manager, downgraded Chinese stocks and their emerging-market peers. That reversed its bullish call in February as China’s post-Covid reflationary measures fell short of expectations.
Read moreA Q&A With Delta Air Lines’s Meteorologist
Aviation meteorologists like Warren Weston connect the dots between severe weather and flight schedules by creating detailed forecasts to help planes and their travelers arrive at destinations safely.
Read moreEU chamber in China looks to ‘move the needle’, but is Beijing’s self-reliance push getting in the way?
The EU Chamber of Commerce has, in its annual position paper, compiled a list of suggestions for Beijing to restore trust and bring constituent firms back into the fold.
Read moreChina Evergrande debt restructuring fate is in the hands of secretive group of holdout creditors who need to be won over at Sept 25-26 meeting
A large group of creditors, which is owed US$15 billion, is one of the last major roadblocks to a historic restructuring of China Evergrande Group. The world’s most indebted developer has US$328 billion of liabilities, and has to win them over at key creditor meetings on September 25-26 to avoid a liquidation.
Read moreIn China, US firms have worst outlook since turn of century, AmCham Shanghai survey reveals
But despite their general trepidation, 31 per cent of surveyed US companies have increased investments in China this year, compared with only 25 per cent in 2022.
Read moreMiddle class in China, US fear losing status as key economic segment walk the tightrope
The growth of China’s key middle class is set to be hindered by an ageing population, while in the US, flat wage growth and a drop in university enrolments is hurting the crucial segment of society.
Read moreThe turbo-charged plants that could boost farm output
Researchers are tweaking the photosynthesis process to raise the output of crops like soy, maize and wheat.
Read moreTop Chinese EV makers like BYD poised for global expansion by 2030 thanks to ‘overwhelming’ cost advantages: UBS
The vast European market and its surging EV adoption rate will be a catalyst for Chinese EV makers’ go-global push, the bank says.
Read moreInstacart Prices I.P.O. at $30 a Share, Raising $660 Million
The grocery delivery company priced its offering at the high end of expectations, in a potentially upbeat sign for tech public offerings.
Read moreChina’s mixed bag: 4 takeaways from August as economic data tells complex tale
China’s economic data for August paints a complicated picture, with figures indicating the possibility of heightened growth as well as signs of a protracted slump.
Read moreChina’s receding economic tide will ground all boats, including the US’
Aside from the domino effect of a Chinese economic slowdown, the US has several deeply vulnerable sectors, from tech and drugs to agriculture and rare earths. A belief that US has little exposure to China’s problems is misguided.
Read moreStellantis could close 18 facilities under UAW deal — here are the full details of its latest offer
The company made the latest offer Thursday, before the start of targeted strikes by the United Auto Workers Union against Stellantis, Ford and GM.
Read moreWriters union will resume strike negotiations with studios this week
The WGA and the AMPTP will start talking again. Dual writers and actors strikes have shut down Hollywood.
Read moreI.R.S. Changes Audit Practice That Discriminated Against Black Taxpayers
The agency will overhaul how it scrutinizes returns that claim the earned-income tax credit, which is aimed at alleviating poverty.
Read moreAmericans plan to keep cutting back on spending through the holidays, new survey says
U.S. consumers have cut back on spending and plan to continue to do so through the holiday shopping season, a new CNBC-Morning Consult survey says.
Read moreBill Maher Reverses Decision to Restart Show
Mr. Maher said he changed his mind about resuming his weekly HBO show because negotiations in the screenwriters’ strike were set to continue this week.
Read moreNew York is cracking down on illegal weed stores as legal market struggles to take hold
New York is stepping up its efforts to stop unlicensed smoke shops from selling marijuana, as the state struggles to boot up its legal marketplace.
Read moreWasserman Buys Brillstein, Merging Sports and Entertainment
Casey Wasserman had long pledged to stay away from the traditional entertainment business, but he said a new media landscape changed his thinking.
Read moreGolf legend Gary Player says government should stay out of sports
Hall of fame golfer Gary Player talks about the intersection of golf and politics, and weighs in on the upcoming Ryder Cup in Italy.
Read moreBattle Over Electric Vehicles Is Central to Auto Strike
Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.
Read moreClorox says last month's cyberattack is still disrupting production
Clorox said a cyberattack it disclosed last month will have a material impact on its fiscal first quarter results.
Read moreHomebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates
Homebuilder sentiment fell into negative territory as potential buyers struggle to afford new homes in a higher mortgage rate environment.
Read moreMorgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors
Morgan Stanley says it is the first major Wall Street firm to put a bespoke solution based on GPT-4 in employees' hands.
Read moreChina’s private firms still face ‘hidden barriers’ that state-owned brethren do not, official media warns
Questions linger as to how and whether Beijing’s announced measures will be effectively implemented, rather than serve as mere lip service that fails to reassure entrepreneurs.
Read moreChina’s Import Curbs on Cosmetics Face Pushback in Europe
Cosmetics sales in China are soaring, but a group of exporting nations led by France are pushing Beijing to lift restrictions they say are blocking them unfairly.
Read moreUnions Stick With Hardball Tactics Like Strikes
In contract disputes from Detroit to Hollywood, organized labor leaders are holding firm in their efforts to gain more pay and job security for members.
Read moreChinese battery maker Gotion supercharges global ambitions with opening of German plant
Volkswagen-backed Gotion’s factory in Gottingen is expected to reach a production capacity of 5GWh by mid-2024 and 20GWh when fully complete. It is also building plants in the US states of Illinois and Michigan.
Read moreNew tax divides India's booming computer games sector
The Indian government's forthcoming tax on the industry doesn't apply to all types of games.
Read moreLittle Progress in Talks to End UAW Strike Against 3 Detroit Automakers
The U.A.W. returned to the bargaining table on Sunday after its president warned, “We’re going to amp this thing up” if the car companies don’t improve their offers.
Read moreChinese commercial banks fear stimulus measures will do little to stem tide of mortgage prepayments, squeezing margins
Chinese commercial banks could see an earnings decline of up to 5 per cent this year if a surge of prepayments by Chinese homebuyers persists, according to analysts.
Read moreChina population: retirement age cannot be one-size-fits-all, Beijing adviser says as retirees to hit record
More than 28 million people will retire in China this year, and while Beijing has already said it will raise retirement ages, no timetable has been released.
Read moreUAW Union and Ford, General Motors and Stellantis Resume Talks
The United Auto Workers said it had “reasonably productive conversations with Ford” but did not mention G.M. or Stellantis.
Read moreCalifornia Sues Oil Giants, Claiming Decades of Deception
Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.
Read moreAsian Games in Hangzhou will be ‘frugal’, China says, in country’s biggest sport event since Covid-19
Organisers say most venues have been used before and will be used after the event finishes.
Read moreTech Fears Are Showing Up on Picket Lines
What’s being called the “summer of strikes” comes at a time when workers increasingly fear new technologies will threaten their jobs.
Read moreForeign direct investment in China drops despite efforts to attract overseas capital
China’s commerce ministry blames slow recovery after the coronavirus for 5.1 per cent decline in its foreign direct investment in the first eight months of the year.
Read moreShould I Worry About My Co-Workers Smoking Weed on Break?
It may be ill-advised, but if their work doesn’t risk anyone’s safety, let a manager handle it.
Read moreThe Market Is Stuck Until the Fed Is Done
Stocks are mired in a holding pattern. The big question, our columnist says, is when will the Federal Reserve start to cut interest rates?
Read moreChina’s desperate stock traders keen for policy ‘bazooka’ to rouse US$10 trillion bear market from slumber
Many of mainland China’s 220 million retail investors are not convinced the government’s recent efforts aimed at reviving the stock market go far enough to set equities on a path to long-term recovery.
Read moreWill China weaponise the yuan? Global finance body throws cold water on the idea as it rankles markets
Intentionally weakening the yuan would be a boon for cheaper Chinese exports, but on the whole, a devalued yuan could make China’s problems much worse.
Read moreChina’s tech hub to import more integrated circuits, steel itself against US sanctions after Huawei handset leap
Beijing has high hopes for Shenzhen and its role in ensuring that China becomes technologically self-sufficient in the face of crippling US curbs on technology transfers.
Read moreCIIE: Beijing kicks off countdown by appointing business delegates for first import expo after zero-Covid policy exit
Beijing has mobilised 39 business delegations to ensure the purchase of goods and services at the China International Import Expo, in its latest effort to maintain strong economic ties with foreign businesses and head off any chance of a decoupling with the West.
Read moreChina’s piecemeal stimulus paying off slowly, but property still bleak and private sector ‘lacks that animal spirit’
China’s economy showed signs of life in August, with retail sales and manufacturing picking up, but some analysts are still waiting to see if Beijing has a ‘bold reform plan’ up its sleeve, as the road to recovery remains rocky.
Read moreIndia and South Korea show emerging markets offer alternative to US, China economic doom and gloom
While the struggles of the Chinese and US economies have drawn most of the world’s attention, the doom and gloom around them is not the whole story. Market surges in India and South Korea as well as world-leading interest rate cuts in Brazil and Poland show there are grounds for cautious optimism.
Read moreThe firms hoping to take psychedelic drugs mainstream
Start-ups are tweaking psychedelic compounds to treat mental health conditions.
Read moreChina’s economic data breakdowns show signs of life amid prevailing doom-and-gloom outlook
Economists say alternative high-frequency data points – from subway ridership to commodity prices – suggest parts of China’s economy are functioning well. But crisis or not, China is ‘not out of the woods, yet’.
Read moreUnwinding China’s US$8 trillion local debt crisis a ‘monumental challenge’, but can Beijing find the cash?
Deterioration of local-government finances has become a key concern for policymakers and investors amid the slower-than-expected economic recovery.
Read moreChina-Middle East aim to lift trade to new heights by 2030 amid strained ties with Western partners
China’s Belt and Road Initiative has helped enhance exchanges with the Arab world in recent years, and Beijing’s foray into the Middle East is paying dividends.
Read moreChina cuts banks’ reserve requirement ratio for second time this year, ahead of August data release
The People’s Bank of China’s second cut to the ratio this year comes as the world’s second-largest economy has struggled to rebound in recent months.
Read moreChina extends anti-subsidy duties on EU potato starch imports for 5 years, hits back at EV probe
China will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday, announcing the move hours after hitting back over a planned probe into its electric vehicle exports.
Read moreChinese stocks suffer record outflows in August, FDI to contract amid negative sentiment over economic outlook
Chinese equities suffered an outflow of around US$15 billion in August, marking the largest monthly outflow on record for Chinese stocks.
Read moreChina’s southern export hub steps up talent hunt as Dongguan dangles US$70,000 cash, US$1.4 million housing subsidy
China’s southern export hub of Dongguan will offer a home-purchase subsidy of up to 10 million yuan (US$1.37 million) in an attempt to lure talent, as the city seeks to upgrade advanced industries.
Read moreGlobal EV transition accelerates as falling battery costs hasten purchase price-parity in further blow to combustion vehicles
The ongoing transition to electric vehicles (EVs) will gather pace globally as battery costs – which make up as much as 40 per cent of the production cost of a typical EV – decline faster, dealing a further blow to sales of conventional petrol cars.
Read moreBelt and Road Summit: Hong Kong has the talent and expertise to be an ideal insurance hub for infrastructure projects
Hong Kong’s insurance sector can offer comprehensive cover for multitude of risks faced by companies investing in Belt and Road projects, due to deep talent pool and expertise, according to summit panel.
Read moreChina’s hi-tech ambitions under threat with scientific literacy inadequate to support innovation-driven economy
Beijing has vowed to rely on a so-called talent dividend to drive innovation and high-quality development, but only 13 per cent of China’s population are viewed as scientifically literate.
Read moreChina can ‘demonstrate ethical decarbonisation’ in construction sector, which requires massive emissions cuts, UN and Yale report says
The buildings and construction sector must cut emissions massively, according to a new report by UNEP and the Yale Center for Ecosystems and Architecture.
Read moreChina’s top-500 list of private firms is missing some big names, as profits fell and property developers tanked
Eight more private developers have exited the semi-official annual list by the All-China Federation of Industry and Commerce, and an e-commerce giant has retained the No 1 spot.
Read moreChina’s central bank ramps up pressure on yuan bears as currency dives toward record low offshore
Currency traders trying to bet against the yuan are facing growing headwinds from China’s efforts to ramp up the cost of doing so in Hong Kong. The PBOC plans to issue more yuan-denominated bills than are maturing in the city next week, a move that will pressure borrowing costs.
Read moreIn China’s changing economy, MNCs must rethink the mantra of going big
As the Chinese market matures, success will no longer hinge on thinking big and outpricing competitors. Continuous innovation and the quality of business will be more important than having a brilliant founder or a top-selling product.
Read moreChinese carmaker SAIC Motor expects to export 1.2 million vehicles in 2023 as MG brand ‘revival’ fuels 20% rise
‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.
Read moreBeijing outlines ‘interconnected living’ plan for Taiwan and Fujian
Coastal mainland province to become a model zone for closer development with the island to promote ‘peaceful reunification’.
Read moreChina dealing more with California, New York than Washington as regional ties trump ‘political point-scoring’
Business representatives from California, Illinois and New York were on hand during the recent China International Fair for Investment and Trade in Xiamen despite increased scrutiny over Chinese investments by Washington.
Read moreChina urged to be more tech savvy with Belt and Road Initiative as developed nations steer clear and US curbs hit hard
China’s global initiative to link economies into a trade network is said to be lacking collaboration in critically important digital and green sectors, but belt and road benefits are also seen going beyond technology.
Read more'I wasn't heard at meetings, so did something about it'
Pamela Maynard, CEO of Avanade, shares her advice to get ahead at work.
Read moreShanghai port operator aims to expand capacity of its automated terminal at Yangshan and help shippers reduce waiting time and costs
Yangshan deep water port in Shanghai aims to expand handling capacity of its automated container terminal to reduce vessels’ waiting time and operating costs for ocean carriers amid a trade slowdown in China.
Read moreBeijing scraps limits on listing prices of pre-owned homes in popular Haidian school district in bid to prop up demand
In Haidian, a district known for its good schools and access to quality education, 29 properties are now publicly advertising their listing prices for pre-owned homes.
Read moreChina yuan: weak currency hits traders, travellers as customers request discounts, firms could raise retail prices
China’s yuan fell to a 16-year low against the US dollar last week, with financial regulators vowing to take action to stem one-sided speculative bets, but exporters are already under pressure to change prices.
Read moreGoogle trial: US takes on tech giant in landmark case
A landmark trial against the search engine will be a key test of whether the US can rein in the industry.
Read moreRobots are trained to help revive coral reefs
Researchers are experimenting with robots to help speed up the restoration of coral reefs.
Read moreStopping the scammers who target online jobseekers
Fraudsters are using fake job ads to try to get people to give them money or their personal data.
Read moreUrban oases combine roof gardens and solar panels
Combining solar panels and a roof garden is a tricky and costly engineering task.
Read moreVet prices: 'I spent £12,000 on my pug'
Pet owners reveal how much their vet bills set them back, as a review of the industry is launched.
Read moreBeloved Aussie tradition under threat
Charities and sports clubs could have a tough time finding someone to man a sausage sizzle when new food safety rules come into effect.
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