A requirement to set minimum prices for their cars in the European Union will reduce sales there for Chinese electric vehicle (EV) makers, but higher profit margins will eventually improve their bottom lines and brand reputations, according to analysts and industry officials. Assemblers of Chinese pure-electric cars from BYD to Leapmotor will avoid a brutal discount war after European authorities accepted price undertakings to replace punitive anti-subsidy tariffs of up to 35.3 per cent. Minimum...

Why Banks Are So Worried About a 10% Credit Card Rate Cap

President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.

Bilt Launches New Credit Cards With Mortgage and Rent Rewards: What to Know

Bilt, a rewards and payments start-up, has three new credit cards that can help users earn points when they pay their mortgage. You will need to do math.

Kaiser Permanente Agrees to Pay $556 Million to Settle Medicare Overbilling Claims

The Justice Department and whistle-blowers accused the major health insurer of overbilling the government for about $1 billion under the private plans.

Food Prices Keep Climbing, Rattling Consumers and Trump

Weather, supply, tariffs, labor and changing consumer habits continue to drive up the cost of groceries. President Trump falsely claims prices are falling.

Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy

Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled automaker following years of sales declines in the U.S.

Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.

Trump Credits ‘Mister Tariff’ for the Country’s Strength. Economists Beg to Differ.

Many indicators appear to suggest that the United States is growing despite tariffs, not because of them.

California investigates Grok over AI deepfakes

The state attorney general urges xAI to take action over the "shocking" material as Musk denies the allegations.

2026 May Be the Year of the Mega I.P.O.

If SpaceX, OpenAI and Anthropic go public, they will unleash gushers of cash for Silicon Valley and Wall Street.

Where Did All the American-Born Roofers Go?

The real story of how immigrant labor came to define the construction industry.

These Gyms’ Most Intimidating Machine: The Front Door

A new kind of tap-in, tap-out system at gyms has some New Yorkers flustered.

Republicans Advance Stock-Trading Bill With Limited Restrictions

The bill would allow lawmakers to keep their existing stock and continue to sell it if they provide seven to 14 days of notice. Democrats called it a “gift to insider traders.”

As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It

Under Bill Pulte, Fannie Mae and Freddie Mac have pulled away from efforts to help low-income people buy homes.

Britain Awards Wind Farm Contracts That Will Power 12 Million Homes

The British government provided guaranteed electricity prices to a group of wind farm developers in what it says is an effort to bring down power costs for consumers.

Reeves vows rail plan will go ahead, despite cynicism

The scheme will be delivered in phases, starting with upgrades to lines between Leeds, York, Bradford and Sheffield.

Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection

Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.

Reeves doesn't rule out wider business rates support across hospitality

Chancellor says support for pubs is on its way and leaves the door open for further tweaks to business rates changes

Citigroup tops estimates on stronger net interest income, smaller loan loss provision

Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.

U.S. Weighs Expanding Private Companies’ Role in Cyberwarfare

The proposal raises a host of questions about the legality and practicality of bolstering the involvement of the private sector in offensive cyberoperations.

Shop for small businesses shuts after low sales

The businesses' co-owner says it is because of a lack of sales and high overheads.

Netflix likely to adjust Warner Bros. Discovery offer to make it all-cash

Netflix is likely to amend its offer for Warner Bros. Discovery's streaming and studio business after reaching an earlier agreement in December.

Why the Northern Powerhouse Rail plan will really go ahead this time

Faisal Islam says the Labour argues the difference in its plans this time is that the planning has come first.

Banks Ready Battle Plans to Save Their Credit Card Businesses

“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.

Mark Carney Heads to Beijing to Discuss Canada-China Relations as U.S. Outlook Darkens

The prime minister is seeking new markets for Canadian goods and to mend relations with China after years of deep acrimony between the two nations.

Saks Files for Bankruptcy as Department Stores Fight for Survival

The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years.

China Announces Record Trade Surplus as Its Exports Flood World Markets

China’s surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.

The Swedish Start-Up Aiming to Conquer America’s Full-Body-Scan Craze

Neko Health, backed by the Spotify founder Daniel Ek, plans to open in New York this spring.

Government drops plans for mandatory digital ID to work in UK

There will still be digital checks on those starting a new job, but people will not need to hold a digital ID.

TGI Fridays closes 16 UK stores, with 456 job losses

The UK restaurant chain's remaining 33 restaurants will stay open after a rescue deal was reached.

No 10 welcomes reports X is addressing Grok deepfakes

The use of the AI tool to digitally undress women has sparked a backlash as well as intervention from the government and regulator.

Bank of America tops estimates on better-than-expected net interest income, equities trading

Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tail winds.

Why mortgage subsidies could be key to getting China’s consumers spending

China’s property downturn and sluggish consumer spending have become twin anchors weighing down the economy over the past few years. Now, scholars at a top Beijing university are proposing a measure they believe could ease both problems: a mortgage subsidy. The Tsinghua University economists have called for the introduction of mortgage interest rate subsidies as part of a wider effort to stabilise the property market, arguing that arresting the decline in housing prices will be critical to...

Beijing launches antitrust investigation into Trip.com ahead of Lunar New Year break

China has opened an antitrust investigation into Trip.com Group, the country’s largest online travel services provider, weeks before hundreds of millions of people on the mainland go away on holiday during the Lunar New Year break. The State Administration for Market Regulation (SAMR) on Wednesday said the group – operator of namesake platform Trip.com, Skyscanner, Ctrip, Qunar and Dutch site Travix – abused its “dominant market position” and engaged in “monopolistic practices”. The...

Tariffs and AI's downside pose top global risks for business, World Economic Forum says

The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years

UK secures record supply of offshore wind projects

The government says the projects will bring down bills but the Conservatives say it is locking in high wind prices.

U.S. Refiners to Profit as Trump Asserts Control Over Venezuelan Oil

The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump oil out of the ground.

China set to double down on property market stability

For years, Beijing attempted to trade flats for microchips, a bold effort to rewire the economy. But 2025 showed that a hi-tech superstructure cannot be built on the crumbling foundation of a middle-class balance sheet. Now, in the opening 2026 issue of Qiushi, the Communist Party’s most influential journal, a new signal has emerged, indicating that the leadership is prepared to halt the decline. A key commentary in the journal presents a notable analytical shift. It reaffirms real estate as a...

‘Structurally hurt’: why are Chinese tourists spending less overseas than before?

Chinese tourist numbers are recovering across Asia after a pandemic-era contraction, buoyed by the expansion of visa-free policies and a stronger yuan. But one thing has not returned: the spending sprees that used to boost duty-free retailers around the world. The trend can be clearly seen in South Korea, which relied on Chinese travellers for 70 per cent of its duty-free sales before Covid-19. Around 5 million visitors from China arrived in the country during the first 11 months of 2025, a...

China announces record $1tn trade surplus despite Trump tariffs

Beijing reported the largest-ever trade surplus at $1.19tn as China diversified its trade.

Saks files for bankruptcy. What went wrong at the luxury retailer?

Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, files for Chapter 11 bankruptcy protection, leaving questions about the luxury retailer's future.

What the Bankruptcy of Saks Means for You

Answers to this and other questions about the financial crisis in America’s biggest luxury department store.

Starlink Users in Iran Get Free Internet Access, Nonprofits Say

Under a near-total communications blackout, users of Elon Musk’s satellite service have gotten online without paying, organizations that work on tech issues said.

US approves sale of Nvidia's advanced AI chips to China

Nvidia has been caught in a tug-of-war between the US and China as the countries compete for AI dominance.

As China’s US exports plunge in 2025, Beijing banks on diversification for 2026 growth

China’s exports soared to record highs in 2025, defying trade tensions with Washington as Beijing’s diversification strategy successfully mitigated a decline in US-bound shipments. However, that resilience could face a new test this year, analysts warned. Full-year exports for 2025 climbed 5.5 per cent from a year earlier to US$3.77 trillion, according to customs data released on Wednesday, higher than the 5 per cent growth projected by financial data provider Wind. Imports for the same period...

Honey, I shrunk the data centres: Is small the new big?

Huge data centres are being built to handle AI computing but some experts say they aren't necessary.

Initial Obamacare Enrollment Drops by 1.4 Million as Expiring ACA Subsidies Drive Up Premiums

That number could increase significantly as more consumers are faced with higher bills brought on by expiring premium subsidies.

Blowback Builds Over Criminal Investigation of Powell

Trump allies fear that the inquiry into the Fed chair could complicate the process of replacing him this year.

Psilocybin Leads in Psychedelic Medicine, but Rollout Is Bumpy

Psilocybin-assisted therapy is legal in three states, but access has so far been limited and expensive.

The AI boom needs electricity, but Western grids are strained. Is power China’s power?

Near the end of last year, thousands of European travellers saw their holiday plans unravel after a prolonged power outage in the Eurotunnel – the underwater train passage linking Britain and France – caused by a fault in the overhead supply. For many, this brought back memories of chaotic scenes the previous April, when rolling blackouts struck much of Portugal and Spain. The United States also suffered from multiple power outages last year, including major disruptions in California – most...

In a Risky Gambit, Trump Tries Brute Force to Lower Prices

To assuage cost-weary voters and combat inflation, the president has resorted to a mix of threats and punishments, targeting companies and policymakers alike.

CPI Report Shows Inflation Remained Steady at 2.7% in December

Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.

JPMorgan Made Less Money Last Year, Facing Pressure on Multiple Fronts

The nation’s largest bank earned $57 billion in 2025, and Jamie Dimon, its chief executive, said “the benefits of deregulation” would help in the future.

Gourmet Magazine Is Back, as Unsanctioned New Media

The defunct food publication is re-emerging as a newsletter, with new leadership and zero approval from its original owner.

Income tax changes and mansion tax on £1m homes in Scottish Budget

Finance Secretary Shona Robison unveils the government's tax and spending plans for the coming financial year.

Boeing outsold Airbus last year for first time since 2018, deliveries rise to 600

Boeing delivered 600 jetliners in 2025 with 63 in December alone, while net orders rose to 1,173 planes.

Monzo bank says issue affecting its mobile app resolved

A Monzo spokesperson said it had activated a back-up banking service after identifying issues affecting its app.

New Birmingham-Manchester rail link to be proposed

Previous plans for a high-speed rail line between the cities were scrapped by Rishi Sunak's government.

JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'

Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.

Fanatics to launch sports media and entertainment studio

Fanatics Studios will create, produce and distribute films, documentaries, live events and digital series.

What to know about the report.

BNY raises profit target as CEO Robin Vince says 'turnaround' is taking hold

BNY raised a pair of key medium-term performance targets on Tuesday.

CPI Report Shows Food Prices Rose Sharply in December

Beef, coffee and produce were among the items that surged in price, inflation data showed.

Orsted Moves to Save Its U.S, Wind Farm Projects

Orsted’s C.E.O. says it plans to move quickly to complete a $6.2 billion wind farm off Rhode Island after a judge struck down President Trump’s bid to halt it.

Data center REIT CEO says real estate ‘not in an oversupply state’

Andy Power, CEO of Digital Realty says data center real estate is not oversupplied as hyperscalers like Nvidia, Amazon, Google and Meta announce more projects.

JPMorgan Chase tops estimates as trading revenue exceeds expectations

JPMorgan will give investors a view into how consumers and corporations fared toward the end of last year and issue guidance on how 2026 may develop.

Lidl to open 19 stores and create up to 640 jobs

The discount retailer says it is also investing about £43m in revamping more than 70 UK shops.

World central bank chiefs 'stand in solidarity' with US Fed chair Powell

Eleven central banks have backed Jerome Powell after the US launched a criminal investigation into the US Fed.

Global Central Bankers Rally Around Fed Chair Powell Amid Criminal Investigation

The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.

‘We Need to Be the News’: Inside Bari Weiss’s Bumpy Revamp at CBS

Her reimagining of “CBS Evening News” is under heavy scrutiny, and even became a punchline on her own network on Sunday at the Golden Globes.

Delta Offers Optimistic Outlook as Travelers Continue to Splurge

Delta Air Lines said it was expecting profits to rise by around 20 percent in 2026 thanks to strong demand for premium tickets.

Which countries do business with Iran and what could US tariffs mean?

Donald Trump has announced a 25% tariff on countries trading with Iran after its deadly crackdown on anti-government protests.

The Powell Defense Grows

Former Federal Reserve chiefs, Republican senators and — perhaps most important, many bond investors — raised concerns about an investigation into the bank’s leader.

Delta CEO sees record earnings in reach again thanks to high-end travel demand

The airline said bookings are strong from both leisure customers and corporate travelers in the first few days of the year.

Why haven’t tariffs had a bigger impact on prices?

Fears over China’s trade surplus misplaced as US, Europe also driving trend: analysts

The so-called China Shock 2.0 narrative is incomplete, analysts argued, as they noted that domestic macroeconomic forces in China and the West, particularly the United States, are at play in driving their growing external trade imbalance. The term, coined to describe new global ramifications of China’s manufacturing dominance – a phenomenon echoing the trade shock of the early 2000s – has been under renewed debate, particularly as China recorded a goods trade surplus of more than US$1 trillion...

Will Trump’s Iran tariffs force China to reshape its trade with Tehran?

Washington’s secondary sanctions on countries trading with Iran are likely to push up China’s oil import costs in the short term and send a dire warning to Beijing’s policymakers, who analysts said need to urgently find ways to protect the country’s strategic interests abroad. The shock waves arrived on Monday, when US President Donald Trump said a 25 per cent tariff would be imposed immediately on all goods and services imported from any country that “does business” with Iran, linking the...

Trump briefed on military and covert options for Iran, sources say

The US president also imposes a 25% tariff on countries that "do business" with Tehran, while Iran's foreign minister says his country is "ready for war".

Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.

Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.

UBS conveys upbeat note on Chinese stocks in 2026 as global investors seek diversification

UBS Group conveyed a sanguine outlook on Chinese stocks in 2026, as the world’s second-largest economy proved to be an important alternative for global investors seeking to diversify away from US equities, which face headwinds from stretched valuations to jitters about the independence of the Federal Reserve. Chinese stocks are expected to be energised by the nation’s growing innovation capability, greater adoption of artificial intelligence across traditional industries and potential inflows...

Charity shortlisted after helping keep homes warm

Severn Wye has been shortlisted for the Health Service Journal Partnership Award.

'I volunteer at the baby bank that helped me'

The Family Matters charity in Weymouth works to help parents with babies and children of pre school age.

China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strength. On Tuesday, the People’s Bank of China set the yuan’s midpoint rate, also known as the daily fixing rate, at 7.0103 to the US dollar – the strongest showing since the end of September 2024, when the rate was set at 7.0074. That official midpoint rate, however, was still weaker than that of the...

Why China Is Suddenly Obsessed With American Poverty

State media, embracing the gaming phrase “kill line,” is asserting China’s political superiority over the United States, deflecting focus on China’s own economic challenges.

Trump Administration Nears Trade Deal With Taiwan

The deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.

X could 'lose right to self regulate', says Starmer

It is currently illegal to share deepfakes, but the law against creating them has not yet come into force.

Labor Secretary’s Aides Placed on Leave in Misconduct Investigation

The Labor Department is investigating a complaint alleging misconduct by Secretary Lori Chavez-DeRemer.

A Top Fed Official Conveys Little Urgency for Immediate Rate Cuts

The Federal Reserve is likely to hold interest rates steady when it meets at the end of the month, keeping tensions high with President Trump.

Fed Changes Course and Takes On Trump’s Political Fight

The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.

Why are more bosses sharing the top job?

More bosses are sharing the top job giving them more time for family and breaks.

Trump’s Feel-My-Pain Economic Message

The president appears skeptical about Americans’ concerns. How will voters respond?

What to Know About the Criminal Investigation of Fed Chair Jerome Powell

The Justice Department’s probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank’s headquarters has raised alarms.

The US has played its hand in Latin America. Will China’s firms there cash out?

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In the days since Washington’s ousting and abduction of former Venezuelan president Nicolas Maduro – an event that sent shock waves through global markets – some...

Stocks, Bonds and the Dollar Fluctuate on Threat to Fed Chair Powell

Stocks and U.S. Treasuries were relatively unchanged on Monday, a sign investors don’t see an immediate threat to the economy.

JPMorgan's looming question: What happens when CEO Jamie Dimon leaves?

JPMorgan Chase CEO Jamie Dimon marks 20 years as CEO this month. Insiders say he remains as involved as ever managing the sprawling operations of the megabank.

Jersey Mike's strikes European expansion deal led by founder Peter Cancro

Jersey Mike's plans to open 400 stores in the U.K. and Ireland, with more locations to follow in Europe.

Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say

A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.

Trump warns of 'mess' ahead of legal ruling on tariffs

The Supreme Court's decision on Trump's trade strategy could come as soon as Wednesday.

David Mitchell, Who Led Fight on Drug Prices, Dies at 75

After receiving a diagnosis of terminal cancer, he used his experience in public relations to draw attention to the skyrocketing cost of medication.

Trump plan to cap credit card costs hits bank shares

The US president has called for interest rates on credit cards to be capped at 10% for one year.

Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies

The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests.

Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal

Budget airlines in the U.S. like Allegiant and Sun Country have faced a surge in costs following the pandemic and the increase in domestic capacity.

Ho-hum holiday: Retail's early results show modest growth in critical shopping season

The 2025 holiday season was solid for some retailers as they posted modest growth, but results failed to blow away expectations.

Paramount Threatens Board Fight Over Warner Bros. Discovery

The announcement was the latest in a series of increasingly aggressive actions by Paramount to buy Warner Bros.

Former Fed chairs condemn criminal investigation into Jerome Powell

Three former heads of the central bank say the probe seeks to undermine the Fed's independence and "has no place" in the US.

Discount grocer Aldi plans to open more than 180 stores in U.S. this year as customers across incomes seek value

Aldi's growth reflects the fiercer competition with traditional players as discounters lure away shoppers and win more of their weekly grocery runs.

Japan firms seen ‘stockpiling’ rare earths as Tokyo looks to G7 in face of China controls

Fears of China choking off exports of critical minerals to Japan amid a deepening political dispute have set off industry alarms and prompted Tokyo to elevate the issue at a G7 gathering of finance ministers this week, despite Beijing’s assurances that civilian trade would be spared. Japanese Finance Minister Satsuki Katayama said last week that she would attend the Group of Seven event in Washington on Monday with the “risk of a rare-earth-supply interruption from China in mind”, the...

DeepSeek founder’s High-Flyer ranks among China’s top hedge-fund firms in 2025

High-Flyer Quant, co-owned by DeepSeek founder and CEO Liang Wenfeng, recorded a return of 56.6 per cent last year to rank second among China’s 10 top-performing large hedge-fund firms. According to the ranking published on Monday by data provider Shenzhen PaiPaiWang Investment & Management, High-Flyer only trailed behind Lingjun Investment, which posted a return of 73.5 per cent in 2025. All the top performers were quantitative hedge funds, underscoring the popularity in China of using complex...

Faisal Islam: Trump faces extraordinary moment in spat with Fed chair

Jerome Powell's public response to a DoJ investigation could be a seismic moment for Donald Trump's presidency.

Library runs coffee mornings to tackle isolation

The sessions are an opportunity for people to connect but also for people who do not wish to chat.

China vows more support for ‘little giant’-like firms amid self-sufficiency push

China’s industry regulator has pledged to provide more fiscal support for small-scale innovative firms in specialised industries – such as the country’s “little giants” – as part of a basket of measures designed to boost the country’s technological self-reliance and upgrade key industries. Li Lecheng, the head of China’s Ministry of Industry and Information Technology, told Xinhua that central authorities would implement a fresh round of fiscal support policies for small and medium-sized firms...

Heineken boss steps down as beer sales slow

The move to low and no-alcohol has led to falling sales at the brewing giant.

UK set for a 'booming' mortgage market, say analysts

Competition among lenders in the UK suggests that rates could be cut in the coming weeks.

China prioritises export controls, supply-chain security to shield economy in 2026

China has made strengthening export control rules and safeguarding supply-chain resilience top priorities this year, as officials move to secure the nation’s economic interests amid rising geopolitical friction. The Ministry of Commerce said it would enhance legal frameworks and risk prevention and tighten the “safety net for opening up” as one of eight core work areas, according to a statement released on Sunday after its annual work conference in Beijing. China has increasingly used export...

China’s solar firms, once deemed too competitive, now face monopoly accusations

China’s efforts to rein in cutthroat price wars in the solar industry have had the unintended result of creating risks of alleged price rigging, highlighting what analysts describe as an “uneasy balance” between the government’s anti-involution campaign and anti-monopoly policies. The photovoltaic industry has been among the hardest hit by vicious price wars – known as involution, or neijuan-style competition – that have affected several sectors in China in recent years, squeezing companies’...

China pledges green-energy push with Global South, signals wider market opening

China has vowed to deepen cooperation in new energy and green minerals with the nations in the Global South, saying the move is in line with their industrial goals and a step towards further advancing Beijing’s economic opening-up, according to the latest front-page commentary in the Communist Party’s official newspaper. “Amid profound changes in the global environment, [China’s commitment to further opening up] underscores our confidence and responsibility in upholding openness and win-win...

As China’s companies expand overseas, entrepreneurs want the passports to match

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. Chinese national Steve Xie has been doing business overseas for years. His latest venture, a new warehouse in Egypt, will supply electric vehicles and auto parts to...

Foreign, Hong Kong retailers close stores in mainland China amid changing dynamics

Mainland China’s retail and retail property sectors have suffered another blow amid a fresh wave of store closures by foreign and Hong Kong brands. “The series of closures come as a combined result of their outdated business models and profound changes in the macroeconomic environment,” said Wang Tianshi, an analyst at Shanghai-based LeadLeo Research Institute. “Compared with emerging mainland retailers, Hong Kong and foreign brands often remain under a ‘selling on the mainland’ phase, rather...

Why luxury carmakers are now building glitzy skyscrapers

Bugatti is the latest auto firm to construct an opulent apartment building for the super rich.

Boeing's airplane deliveries are the highest in 7 years. Now it's about to pick up the pace

Boeing is set to outline its production increase plans later this month after it's expected to post its best year for deliveries since 2018.

Inside GM's new world headquarters: Modernized midcentury designs with artifacts, surprises from the American icon

GM has filled its new Detroit headquarters with artifacts, design nods and "Easter eggs" tied to the Detroit automaker's history.

China’s outbound travel set to soar by 10 million trips in 2026 – but halve in Japan

China’s vast outbound travel market is set for further growth in 2026, boosted by the spread of visa-free policies for Chinese nationals and a stronger yuan. But visits to Japan could plummet by nearly 50 per cent amid a political dispute between Beijing and Tokyo, according to analysts and industry insiders. Mainland Chinese travellers are expected to take about 165 million to 175 million cross-border trips in 2026, up from an estimated 155 million last year, the travel marketing and technology...

Changing tastes: China’s new affluent consumers seek quality not extravagance

In a premium supermarket in Shanghai one recent weekend, 33-year-old information technology specialist Zhao Wenyu paused in front of the health food aisle, comparing protein content and ingredient lists on imported granola and organic milk – rather than checking discounts. Zhao now spends around 3,000 yuan (US$420) a month on organic food, nutritional supplements and functional beverages, up from about 1,200 yuan three years ago. “I don’t mind paying more if I am satisfied with the product’s...

'I had no electricity for six months': US families struggle with soaring energy prices

Rising electricity costs have emerged as a key cost-of-living concern, pushing families further into debt.

The real impact of roadworks on the country - and why they're set to get worse

There is a fine balance between the benefits of improved infrastructure, versus the cost of disruption. Does the country have it right?

Gen Z and social media are helping men’s makeup go mainstream. The beauty industry is trying to capitalize

Men’s makeup is shedding stigma as TikTok and Gen Z drives growth, retailers rethink displays and brands chase one of beauty’s last untapped markets.

Goodwill or necessity? Why is China slashing solar and battery subsidies?

China will cut export subsidies for solar panels and batteries in the coming months, a move mainly aimed at curbing domestic overcompetition and consolidating two sectors where China is dominant, said analysts who also expect it will help ease trade tensions with Europe. Authorities will cancel export value-added tax rebates for solar panels and lower rebates for batteries from 9 per cent to 6 per cent from April 1. The rebates for batteries will be cancelled on January 1, 2027, according to the...

Horse power: Chinese brands look to boost sales with Lunar New Year items

As the Chinese zodiac’s Year of the Horse approaches, distiller Kweichow Moutai has released a limited promotional line of its baijiu sorghum liquor commemorating the occasion as it seeks to bounce back from a prolonged sales slump – a marketing strategy being adopted by several brands in China as they look to give their revenues a festive boost. On Tuesday, Moutai launched three limited Year of the Horse editions priced between 1,899 yuan and 3,789 yuan (US$272 to US$542) a bottle. The company...

How China’s global investment model is changing – and what it means for the yuan

Foreign direct investment (FDI) has been a crucial pillar of China’s economy since it opened up, drawing in trillions and helping fuel its rise as the “world’s factory”. But outbound direct investment (ODI) has expanded rapidly over the past two decades, transforming the country into a major exporter of capital. Today, China’s outbound investments exceed inflows, and the country has consistently ranked among the top three global investors in recent years. In this explainer, the Post examines the...

How IMAX crushed other theater stocks in 2025

IMAX outperformed other theatrical stocks in 2025 as it capitalized on changing consumer trends and partnerships with major studio productions.

Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall

The decision is an about-face for the automaker, which has touted its sales leadership of the models, known as PHEVs, for years.

Amazon Pharmacy starts offering Novo Nordisk's Wegovy weight loss pill

Eligible customers with insurance can pay as little as $25 for a one-month supply of the drug, while cash-paying options start at $149 a month, Amazon said.

Martin Lewis on 'the most dangerous form of mainstream debt in the UK'

Martin Lewis explains how building up overdraft debt compares to credit card debt.

As tech stocks soar, executives use exchange funds to diversify wealth without selling

Strong market returns and the AI boom have meant new riches for some employees, but it's risky to have too much of your net worth tied up in one stock.

China cautions against ‘compound errors’ from clashing policies

A mouthpiece for China’s ruling Communist Party has warned against conflicting economic measures, urging officials to better guide market expectations in a front-page commentary highlighting Beijing’s growing focus on policy coordination. “The more policies there are, the greater the risk they will be working at odds,” the People’s Daily editorial said on Friday, pointing to China’s increasingly complex economic environment, “with more and more policy dilemmas emerging and greater demands on...

China’s yuan to strengthen to 6.85 per US dollar in first quarter of 2026: Morgan Stanley

Morgan Stanley has revised its outlook for the yuan, now forecasting it to strengthen to about 6.85 per US dollar in the first quarter of 2026 from a previous call of 7.05, before weakening slightly to about 7.0 by the end of the year. The bank expects China’s “robust” exports through 2026 to 2027 to provide “a steady tailwind to nominal yuan”, with volumes projected to grow 5 to 6 per cent as the recovery in global demand broadens beyond tech and the country’s price competitiveness improves,...

China to probe food delivery platforms under anti-monopoly law

China has launched a market competition probe and assessment for its food delivery platforms, the State Council announced on Friday, a move analysts said was an affirmation of the country’s determination to continue to combat self-defeating competition. “Recently, issues such as excessive subsidies, price wars and control over traffic flow in the online food delivery platform service industry have become prominent,” according to a statement issued by the Anti-Monopoly and Anti-Unfair Competition...

China’s shipyards still lead the world, but US threats took a toll in 2025

China retained its position as the world’s top shipbuilder in 2025, but its market share declined for the first time in five years as US threats to impose port fees on Chinese-linked vessels sparked market turbulence. Chinese shipyards secured 35.4 million compensated gross tonnage (CGT) of new vessel orders last year, down 35 per cent compared with 2024, the Chinese maritime news outlet eworldship.com reported on Thursday, citing data from shipping consultancy Clarksons. China’s shipbuilders...

China’s consumer prices stay flat in 2025 amid focus on price wars, domestic demand

China’s consumer prices stayed unchanged from the previous year in 2025 while factory-gate prices fell by 2.6 per cent, suggesting lingering deflationary pressures and underscoring the need for further efforts to boost prices in 2026. The flat annual reading of the consumer price index (CPI), a major inflation indicator, missed the official 2 per cent growth target for the metric unveiled in March and slowed from the 0.2 per cent increase in 2024, according to data released by the National...

With US focused on Venezuela, China has window to pressure Japan: analysts

Beijing is leveraging a distracted Washington to ratchet up pressure on Tokyo, launching an anti-dumping investigation into a key semiconductor chemical while the United States is preoccupied with Venezuela, according to analysts. China made moves targeting Japan for two consecutive days. On Tuesday, the Ministry of Commerce banned exports of “dual-use” products to end users linked to the Japanese military. And on Wednesday, it said the anti-dumping investigation into dichlorosilane would last...

Excel: The software that's hard to quit

Companies are trying to wean staff off Excel spreadsheets to centralise control of their data.

Saks Global struggles to line up financing as potential bankruptcy filing looms

Saks is trying to line up financing to pay its bills during a potential bankruptcy filing, but investors have shown little interest over repayment concerns.

GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring

GM's announcement comes after Ford said it would record similar writedowns following a broad resetting for the U.S. EV market.

China’s oil giants Sinopec, CNAF to undergo consolidation, creating energy powerhouse

Beijing has given the green light to an asset-restructuring deal involving the country’s largest oil refiner and a leading distributor of jet fuel, continuing efforts to streamline operations of major state-owned juggernauts. China Petroleum and Chemical Corp, better known as Sinopec, and China National Aviation Fuel Group (CNAF) will conduct a revamp of their assets after receiving the nod from the State Council, the State-owned Assets Supervision and Administration Commission (SASAC) said in a...

The Inquiry

Can Kenya’s plan for digital outsourcing solve its jobs crisis?

China says US trade war, tech curbs have spurred ‘independent innovation’

China’s economy has successfully weathered mounting shocks, including US tariffs and technology curbs, and continues to innovate despite a challenging environment, according to the mouthpiece of the ruling Communist Party. “Practice has fully demonstrated that China’s economic fundamentals are solid and its resilience strong, and that it is fully capable of withstanding rough waters and even stormy waves,” the People’s Daily said in an editorial on Thursday, published at the start of the first...

China’s massive oil-for-loan debts at risk in post-Maduro Venezuela: analysts

The US takeover of Venezuela has placed billions of dollars in Chinese oil-for-loan debts at risk, analysts say, though they expect Venezuelan crude to continue flowing to China as the new government seeks immediate revenue. The abduction of former Venezuelan leader Nicolas Maduro by US forces has left Beijing’s outstanding exposure in the South American nation – estimated at about US$10 billion, according to the research lab AidData – in a state of limbo. An optimistic scenario would involve a...

China seeks ‘safe and reliable’ AI supply as global tech race heats up

China has vowed to achieve a “safe and reliable supply” of bedrock artificial intelligence (AI) technologies by 2027 as the global race for leadership in cutting-edge tech heats up. A plan published on Wednesday by eight government agencies, led by the Ministry of Industry and Information Technology, listed the main areas of work to reach the goal, including promoting the deep application of three to five general-purpose large AI models in the manufacturing sector. By 2027, the plan said, the...

As Beijing targets Tokyo over Takaichi’s Taiwan remarks, what levers does Japan have?

China’s access to Japan’s coveted industrial-use goods – especially a critical chipmaking ingredient – may face hurdles if Tokyo imposes export restrictions in the event of a prolonged political dispute, though trade is holding steady for now, analysts and a trade organisation said. Beijing’s response to Japanese Prime Minister Sanae Takaichi’s November 7 remarks about Taiwan has prompted some analysts to ask what cards Tokyo might play should the relationship deteriorate further. Beijing’s...

How tariff disruption will continue reshaping the global economy in 2026

Trump's import levies are still changing the patterns of international trade.

How the new road safety measures could affect you

The government is proposing lowering alcohol limits for drivers and regular eye tests for older motorists.

Trump says Greenland is ‘surrounded’ by Chinese ships. What’s the real story?

Just 24 hours after abducting the former Venezuelan leader Nicolas Maduro and his wife from Caracas, US President Donald Trump had already named his next potential target for military action: Greenland. Trump has been discussing “a range of options” – including the use of armed force – to acquire the self-governed Danish territory, the White House said on Tuesday. What would a US takeover of Greenland mean for China, if it were to really happen? The Post breaks down trade relations between the...

China discourages trend-chasing among officials, warning of ‘involution’

As the period covered by China’s next five-year plan begins, the official newspaper of the country’s ruling Communist Party urged local governments to curb the herd behaviour that could fuel “involution” – the fierce competition that has driven down prices and undermined sustainable growth within several industries. “China has a vast territory, and the imbalances between regions and between urban and rural areas remain significant. There is no one-size-fits-all solution for high-quality...

Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market and sluggish consumer spending, which have dampened demand for its goods. Following a comprehensive review, Ikea China said the seven stores would cease operations from February 2. These are located in Shanghai’s suburban Baoshan district, Guangzhou, Tianjin, Nantong and Xuzhou in eastern Jiangsu province, Ningbo in eastern Zhejiang province and Harbin in...

China initiates anti-dumping probe against Japan over key semiconductor chemical

China has launched an anti-dumping investigation against Japan over a crucial chemical for chipmaking, marking a new escalation in tensions between Beijing and Tokyo. The investigation, set to run for one year with a possible extension of six months, targets dichlorosilane – a chemical that is primarily used in thin-film-deposition processes in semiconductor manufacturing and which plays a key role in the production of various types of chips, according to a notice from the Ministry of Commerce...

China’s central bank signals reserve ratio, interest rate cuts in 2026

China’s central bank has reiterated its commitment to a “moderately loose” policy stance in 2026, pledging stronger countercyclical and cross-cycle adjustments and signalling flexible and efficient use of reserve requirement ratio (RRR) cuts and interest rate reductions to support a strong start to the 15th five-year plan. At a work conference outlining priorities for the coming year, the People’s Bank of China also highlighted goals including a reasonable recovery in prices, mitigating...

China, South Korea sign US$44 million in trade deals after years of friction

China and South Korea have reignited their economic cooperation after years of relatively muted ties, signing US$44 million in new export deals and dozens of memorandums of understanding (MOUs) in the wake of a high-level summit held amid shifting regional dynamics – most notably, a protracted diplomatic dispute between Beijing and Tokyo. South Korea hosted its first export promotion and investment attraction event in Beijing in nine years, according to its Ministry of Trade, Industry and...

Shanghai unveils US$10 billion investment spree as US-China tech race heats up

Shanghai has announced a slew of new investments in hi-tech industries ranging from chips to artificial intelligence (AI) and aviation, becoming the latest Chinese city to unveil ambitious plans to boost local innovation amid an intensifying US-China tech race. The city’s Pudong district unveiled 50 big-ticket projects worth more than 70 billion yuan (US$10 billion) combined on Monday, with most of the investment earmarked to flow into key industries including microchips, AI, biopharmaceuticals,...

Chinese firm owner in Venezuela warns of spillover after Maduro’s abduction

Eight years after leaving Venezuela, David Hou, a native of southern China’s Guangdong province, returned last year, pleased to find what he described as an improved economic environment. That optimism is now shrouded in uncertainty after the United States abducted Venezuelan President Nicolas Maduro on allegations of narcoterrorism and possessing “destructive devices” – charges he has firmly rejected. While the full impact has yet to be felt, the situation is “making people anxious and very...

China bans exports of military-related goods to Japan as dispute intensifies

China has banned the export of products with both commercial and military applications to end users linked to the Japanese military amid a protracted diplomatic row between Beijing and Tokyo. Effective immediately, the export of these items – known as “dual-use” goods – to those entities for military purposes, or for any other purpose that would “contribute to enhancing Japan’s military capabilities,” is prohibited, China’s Ministry of Commerce announced on Tuesday. While dual-use items are...

Behind the Venezuela crisis, a US-China tussle over critical minerals

Washington’s abduction of Venezuelan leader Nicolas Maduro last week has been characterised by many – including US President Donald Trump – as an attempt to gain control over the South American nation’s oil industry. But analysts said the crisis was also about Washington’s need to secure access to critical minerals – and that other resource-rich nations should be on guard. In addition to its vast oil reserves, Venezuela has significant deposits of an array of precious metals and other valuable...

China premier urges Guangdong to ignite economic growth amid intensified competition

During a visit to Guangdong, China’s largest provincial-level contributor to gross domestic product, Premier Li Qiang emphasised the need for the province to continue leading the national economy, while Guangdong’s senior officials vowed “extraordinary” measures to drive growth. Li urged Guangdong to “strengthen advantages in innovative development and take the lead in reform and opening up” during his three-day visit from Saturday to Monday, according to Xinhua. His appeal comes as the Chinese...

Tesla’s China sales hit monthly record as EV buyers race to beat tax increase

Tesla’s deliveries in China jumped to an all-time high in December, buoyed by a buying spree before the government withdrew part of a tax incentive. But the US carmaker is still facing an uphill battle to reclaim its once-secure lead in the world’s largest electric vehicle (EV) market amid a stern challenge from local rivals. In December, Tesla’s Gigafactory in Shanghai delivered about 94,000 Model 3 and Model Y vehicles to mainland Chinese customers, 13.4 per cent higher than the previous...

What assets does China have in Venezuela, and what could happen with Maduro gone?

Amid prolonged international sanctions imposed on Venezuela, Chinese enterprises stood out as some of the few willing to pour resources into the South American country’s turbulent economy. However, Saturday’s capture of Venezuelan President Nicolas Maduro by US forces – just hours after Maduro met with Chinese diplomats to reaffirm their strategic partnership – raises concerns about the future of such investments. In this explainer, we examine the portfolio of Chinese assets in Venezuela and how...

If the US seizes control of Venezuela’s oil, who wins – and who loses?

After US air strikes hit Caracas on Saturday, Venezuelan leader Nicolas Maduro and his wife were detained and transferred to the United States. US President Donald Trump later said his country planned to “run” Venezuela for the time being and take control of its oil reserves. In the wake of the military operation, the Post examines the potential winners and losers in the global oil market. Who are the winners? The US stands to be the biggest beneficiary. One immediate implication could be...

How the defence sector is battling a skills crisis

Attracting younger workers into the defence industry can be challenging.

The Inquiry

How did live music evolve into a billion-dollar business for global stars?

Swedish workers trial 'friendship hour' to combat loneliness

The pilot project is even giving staff free money to help pay to do activities with their friends.

The showers and baths keeping data centre tech cool

Finding greener ways to keep giant new data centres cool is a challenge.

Why Croatia's capital wants to hold Europe's best Christmas market

The festive events help to put cities on the map and attract millions of tourists.

What does TikTok's deal mean for America's users?

The BBC's Asia business correspondent says it is still unclear what sort of experience TikTok users in the US will get.

Will tech trump tradition at bakers and biscuit makers?

Introducing robots and automation to the food industry involves extra hurdles.

Should more be done to tackle 'ghost jobs', vacancies that don't exist?

Companies are advertising vacancies that have already been filled or might not have ever existed.

Why this month's inflation figure may be good news for you

The rate of inflation, which charts the rising cost of living, has slowed - driven partly by essentials.

Meet the biggest heat pumps in the world

Across Europe huge heat pumps are being installed that can heat tens of thousands of homes.

Budget 2025: What's the best and worst that could happen for Labour?

Three days in, after a tax U-turn and partial climbdown on workers' rights, Laura Kuenssberg looks at what impact Budget week might have.

Has Britain's budget watchdog become too all-powerful?

Ahead of this week's Budget, some have accused the Office for Budget Responsibility of being a "straitjacket on growth"

The curious case of why Poundland is struggling during a cost-of-living crisis

Why - in an age where so many of us are feeling the financial pinch - are some budget shops on UK high streets having such a tough time?

The £5.30 orange juice that tells the story of why supermarket prices are sky high

Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why

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