Louis Vuitton is set to face off against China’s trademark regulator in a Chinese intellectual property court on Thursday, as the French luxury brand deals with public backlash in China over a separate legal battle against a local milk tea brand. Louis Vuitton Malletier filed the administrative lawsuit against the China National Intellectual Property Administration (CNIPA), with a Chinese individual – Huang Minyao – joined as a third party, according to a notice published by the Beijing...

World Cup's biggest spenders show up late as semifinals drive host city travel boom

World Cup travel demand to U.S. host cities is spiking as the tournament reaches the semifinal stage.

Diamond giant De Beers halts work at flagship South African mine as demand plummets

Production will stop for two years at the mine which employs more than 4,000 people.

U.S. Electric Vehicle Sales are Down but E.V. Chargers are Booming

Electric vehicle chargers are proliferating in Southern states as fast food restaurants, stores and other businesses try to lure customers.

How a Promising Navy Drone Boat Program Got Mired in Politics

Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump administration had made the cut.

Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX's Starlink

Frontier is signing with Starlink for in-flight Wi-Fi, with service debuting as early as next year.

U.S. Workers Are More Productive Than Ever. A.I. Isn’t the Key.

Companies have been getting more out of employees for several years. Tight labor markets, digitization and remote work are among the reasons.

UK wasted £10bn on PPE that left NHS staff poorly protected, Covid inquiry finds

Healthcare staff were unable to properly protect themselves, or those in their care, from dangerous infections, says the latest inquiry report.

How much should you give to the year-end teacher collection?

Collecting money for a joint present might overcome the competitive gift-giving, but it can still cause friction.

China Purges Top Official Over Corruption and Sex Charges

Ma Xingrui is the third member of the Politburo to be purged since 2022. He once led the Xinjiang region and was previously head of China’s space program.

California leads lawsuit to block Paramount Warner Bros mega merger

The state, where both studios have headquarters, has joined 11 others to halt the deal.

South East Water must pay £30.5m for supply failures

Regulator Ofwat confirms this penalty follows three investigations into the water company.

Woman's Hour

We hear about a new study exploring the impact hormones have on women with ADHD.

Removing tax from food could cost £14m - minister

Treasury says a GST removal from essential grocery items would mostly benefit the richest islanders.

Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility

Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."

China headed for US$1 trillion trade surplus as exports soar

China’s exports soared again in June, rising by 27 per cent year on year to US$412.4 billion, as growing demand for semiconductors to fuel the artificial intelligence boom helped to offset pressures from higher energy prices caused by the Iran war. Imports also surged, climbing 36 per cent to US$286.8 billion for the month. Both figures were well ahead of economists’ forecasts, and the country’s trade surplus hit US$125.6 billion in June, up from US$105.4 billion a month earlier. China’s global...

Global AI boom sees China’s chip exports nearly double in first half of year

China’s chip exports nearly doubled in the first half of the year, customs data shows, as a global AI boom cemented computing hardware’s place as a key economic growth engine. In the first six months of 2026, China exported 179.44 billion integrated circuits (ICs) worth a total of US$177.28 billion – up more than 96 per cent year on year – according to data released by the General Administration of Customs on Tuesday. The surge in IC exports was one of the key drivers behind China’s double-digit...

China’s Hainan cements 2030 petrol-car ban, leading nation’s EV infrastructure push

China’s tropical resort island of Hainan is solidifying its timeline to ban the sale of petrol-powered vehicles by 2030, heralding the beginning of the end for the internal combustion engine technology as the province, China’s largest free-trade zone, aims to spearhead the nation’s decarbonisation efforts. Hainan’s move, the first of its kind among all localities in China, will force carmakers to accelerate electrification to maintain their presence on the island and reap free-trade-policy...

Pop-up free school uniform and prom dress stall

People are being encouraged to donate, swap or take items they need for free.

Parent cooking classes 'built my confidence'

New cooking scheme aims to help parents learn healthy recipes which are convenient to make.

How US commerce secretary's Epstein links were uncovered by British whistleblower

Simon Andriesz made the discovery about Howard Lutnick in publicly released Epstein files.

UAE condemns Iran's 'brazen' attack on tankers as US launches fresh strikes

The third consecutive night of US strikes on Iran came as Trump announced a 20% charge as part of a new blockade on the Strait of Hormuz.

Paramount-Warner Bros. Merger Is Challenged in Court by California and 11 Other States

The lawsuit, filed by California and 11 other states, argues that the deal would harm movie theaters and damage America’s entertainment industry.

US burrito giant Chipotle opening first outlet in Mexico

Other US fast-food brands have struggled to succeed in the countries their dishes originated in.

China’s trade surges in first half of 2026, maintaining growth amid global tensions

China’s exports continued to grow robustly in June, supported by a boom in technology exports – including artificial intelligence products and robotics – extending the positive momentum seen in previous months and shrugging off geopolitical headwinds. The country’s exports rose by 27 per cent year on year to US$412.39 billion last month, according to Chinese customs data released on Tuesday, beating the 18.5 per cent growth forecast by economists in a poll from financial data provider...

Dollar risks rising but Plaza Accord-style coordination not feasible now: ex-IMF adviser

With central banks prioritising domestic objectives, Plaza Accord-style exchange-rate coordination is now out of reach despite growing concerns over the dollar-centred monetary system, complicating the smooth transition to a more multipolar international monetary system, according to a prominent economic historian. Barry Eichengreen, a former senior policy adviser at the International Monetary Fund, said that if erratic US policies and weakening institutional guard rails were to persist for...

Is tracking your food purchases good for your health?

Food tracking apps are popular, but are they a good way to make us eat a healthier diet?

The mysterious crypto firm backed by Farage's biggest donor

Tether is a giant in crytocurrency, an industry that Nigel Farage believes the UK should be embracing.

Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping

The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.

How Wealthy People Are Getting to World Cup Games

The skies above the Hamptons are packed with choppers headed to games, as “inequality is taking it right in the face.”

Oil Prices Surge After Iran and U.S. Trade Strikes

The renewed hostilities posed fresh risks to ships seeking to navigate the Strait of Hormuz.

Chipotle is opening its first restaurant in Mexico

Fast casual chain Chipotle announced Monday that it is opening its first location in Mexico in the Monterrey area.

Strait of Hormuz Ship Traffic Falls to Lowest Point in a Month After Strikes

Shipping activity in the critical waterway has plunged after Iran attacked a vessel, setting off U.S. strikes. President Trump said he would reinstate a blockade of Iranian ports.

Trump Accounts Prompt Parents to Start Saving Early for Their Kids

Between Trump accounts and child-friendly investment platforms, it has become much easier for parents to invest for their children’s future.

Paramount, WBD hit with lawsuit from 12 states, including California, to block merger

A group of states, including California, filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery.

Trump Administration Is Snapping Up Stakes in Private Companies. Could A.I. Be Next?

Some tech executives are nervous that the administration’s recent scrutiny of artificial intelligence models could be a prelude to a demand for an ownership stake.

Will Oil Prices Rise as the US-Iran Truce Frays? The Answer Lies With China.

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.

How Putin Turned Japan Into a Den of Spies

Operating out of a Tokyo high-rise, a military intelligence unit finds the high-tech equipment that Russia needs to wage war.

The Fed’s Christopher Waller Warns of Higher Rates Soon if Inflation Stays High

Christopher J. Waller, a governor at the Federal Reserve, said he needed to see several months of lower inflation data to feel confident about the outlook.

You’re Freezing in Your Office Building. Here’s Why.

Office temperatures are typically set in the low 70s during summer. But where you sit and the efficiency of the cooling system can make you feel colder.

States Prepare Lawsuit to Block Paramount’s Merger With Warner Bros.

State attorneys general are said to be getting ready to file a lawsuit as soon as this week to halt the $111 billion deal, a potential major obstacle.

Kids Can’t Stop Watching ‘Moana.’ There’s a Scientific Explanation.

The 2016 release has become the most watched movie on Disney+. Parents and experts explain why kids can’t get enough.

Volkswagen planning to cut up to 100,000 jobs globally

The group, which includes Porsche and Audi, has faced a steep fall in profits and tough competition from China.

UK-Switzerland deal to scrap roaming charges and allow Britons to use e-gates

The UK signs a new services deal with Switzerland it says will increase exports by £5.2bn annually "in the long run".

How China’s aerospace vision differs from Elon Musk’s SpaceX

China’s controlled seaborne recovery of a rocket booster using a net-capture vessel last week proved the viability and virtues of its state-led aerospace efforts, experts said, contrasting it with the market-focused approach adopted by America’s SpaceX. They also said Beijing was convinced that keeping the state, rather than a private company, at the helm of its space programme was a more secure, resilient and deliverable way to win a space race that had more than commercial interests at stake...

Europe Takes Step Toward Possible Social Media Ban for Children

After the release of a new report, the European Commission is considering changing the rules across the 27-nation bloc.

U.A.W. President Says He’s the Victim of ‘Bogus Allegations’

A grand jury is investigating whether Shawn Fain used his position to seek favors for his fiancée and retaliated against the union official who denied them.

Nearly 200 Economists and Tech Leaders Warn of A.I. Threats

A letter calls for policymakers to do more to understand and respond to potential disruptions from artificial intelligence.

Wall Street’s Big Week for Earnings and Economic Data

Earnings season kicks off in earnest on Tuesday with big banks up first. Corporate America faces a high bar to beat investor expectations.

Shanghai port secures second place in global ranking, overtaking London

Shanghai has risen to second place in the latest global shipping centre ranking, marking the city’s highest-ever position and overtaking London, amid China’s push to become a maritime powerhouse. The Xinhua-Baltic International Shipping Centre Development Index (ISCDI), an annual ranking jointly compiled by China’s state-owned Xinhua News Agency and British maritime information provider Baltic Exchange, released its yearly report on Friday. First launched in 2014, the index evaluates global hubs...

The SpaceX IPO made history. One month on has it lost momentum?

A month on from the firm's stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.

5 New Roller Coasters to Make You Scream This Summer

Let the adrenaline flow on coasters that will shoot you high in the air, spin you around and turn you upside down. You’ll definitely want a second ride.

China’s historic sea-based rocket recovery puts spotlight on domestic shipbuilder

After China became only the second nation after the US to achieve the controlled recovery of an orbital-class rocket booster, the spotlight has fallen on the domestic shipbuilder behind the design of the recovery platform. Following the maiden launch of China’s reusable Long March-10B rocket on Friday, the vehicle’s first-stage booster returned vertically and was caught by the Linghangzhe recovery platform, China’s first sea-based rocket recovery vessel to use a net-capture system. The platform...

China seen using new tool to finance hi-tech advances amid slower economic growth

China could accelerate the deployment of an 800 billion yuan (US$117.94 billion) new financial instrument to support hi-tech development and help mitigate the forecast slowdown in quarterly economic growth, investment bank Goldman Sachs says. Officials would use the quasi-fiscal New Policy-Based Financial Instrument, which was rolled out to fund strategic investments through policy banks outside traditional commercial bank lending channels, Goldman Sachs said. “China’s slowing second-quarter...

China’s C919 still on Malaysia Airlines’ radar, but Western certification preferred

China’s narrowbody C919 model is still on Malaysia Airlines’ radar, but Western certification remains the “preferred milestone” before consideration, according to a top executive, who added opportunities could present themselves in 2035 or beyond. In an interview with the South China Morning Post, Bryan Foong, chief executive officer of airline business at Malaysia Aviation Group (MAG), expressed optimism that the C919, assembled by the Commercial Aircraft Corporation of China (Comac), would...

10 years of Pokémon Go and the millions still trying to catch 'em all

Michael Steranka, vice president at the mobile game's owner Scopely, says it has always been about bringing people together.

New era for Gibraltar with removal of 118-year-old border controls with Spain

It is hoped that free movement between the UK territory and Spain will provide an economic boost.

How to change bank, energy or broadband provider and save money

Changing your broadband or energy supplier, or even your bank, for a better deal is simpler than it used to be.

‘Moana’ Falters at the Box Office, Casting Doubt on Disney’s Formula

The live-action remake took in roughly $43 million over the weekend in North America, about 30 percent less than Disney had expected.

Why factories in southern China are feeling the squeeze despite pickup in orders

As China prepares to release its second-quarter and first-half economic data this week – with markets generally expecting performance to have softened – manufacturers in its southern Pearl River Delta region offer a nuanced picture. While official manufacturing data for June showed continued expansion, electronics exporters in the region – one of China’s biggest industrial areas and a bellwether for the national economy – said last week that a pickup in orders had yet to lift their bottom...

‘Michael’ Crosses $1 Billion at the Box Office as Lionsgate Roars Back

Shunned by bigger studios as too risky, “Michael” and other hits have revived Hollywood’s last major independent studio. But is it enough?

Big-Box Retailers Have a New Strategy for Breaking Into Urban Markets

As more states and municipalities continue their push to build affordable housing, companies like Costco and Target are riding along and getting their stores into crowded cities.

China’s auto shipments to EU surge, but could be near their peak: European analysts

One in every 10 new cars registered in the European Union in May was from a Chinese brand, but European analysts say the rapid rise could be approaching a turning point as Brussels moves to extend tariffs and Germany hardens its trade stance. Chinese brands overtook their Japanese rivals in terms of European market share for the first time in May. However, the momentum could slow as Brussels has stepped up its trade-defence measures, including the announcement of fresh duties on Chinese...

How Aldi is taking on US supermarkets with its $4 almond butter

The German supermarket's $9bn US push targets urban hubs like Manhattan. Can its discount model match Walmart?

Tech stocks capture China’s elderly retail investors amid faith in nation’s tech sector

Technology stocks have become the new darlings of China’s retail investors who are betting their savings on chipmakers and artificial intelligence (AI) developers amid belief in the country’s technology ascendancy. “Foam is the best bit of a beer,” Fang Yan’an, a veteran investor in his late 70s, told the SCMP, referring to his tactic of chasing the rally of some technology companies. “Our government has ramped up support for technological development over the past few years, and so have many...

EU isn’t just selling aircraft to China. It’s helping strengthen a competitor

Last month, China Eastern ordered 25 A330neo jets from Airbus, which come at a catalogue price of US$9.35 billion. The airline, which operates the inaugural commercial routes of the C919, China’s home-grown passenger jet, had placed another Airbus order just three months earlier. Why is this major Chinese airline transferring billions to a European company China’s government is trying to supplant? As a widebody jet, the A330neo competes in a segment where the Commercial Aircraft Corporation of...

How a quiet Chinese fishing village became a global surfing hotspot

Wu Runqun still recalls the fishing village Wanning once was, nearly 20 years ago. Now in his 40s, in those younger days he had travelled there from his much larger hometown two hours away to see if he could surf. After that first trip to Wanning, on the east coast of China’s tropical island province of Hainan, he found it hard to stay away from the two-metre (six-and-a-half-foot) swells and warm 24 degrees Celsius (75 degrees Fahrenheit) water. Wu moved there in 2017. He was not the only one to...

Times Journalists Subpoenaed as Trump Escalates Pressure on Media

The Justice Department is seeking to compel testimony from reporters who wrote about the new Air Force One. The Times called the move a “brazen act.”

Kansas City, the Smallest World Cup Host, Has the World at Its Feet

The city has a proud history with the sport thanks to Lamar Hunt, who owned the Kansas City Chiefs and co-founded Major League Soccer.

How Volkswagen’s Troubles Were Made in China

The German auto giant’s push into China powered it for decades, but now the company faces fierce competition from Chinese automakers in markets around the world.

In China, parents turn to AI to help children select a university degree

Zhang Qi, a ride-hailing driver based in Guangzhou, has turned to artificial intelligence this year to help his son make one of the most important decisions of his young life: choosing a university degree programme. Like millions of 18-year-olds across China, Zhang’s son recently received his university entrance exam results and had to navigate the country’s labyrinthine admissions system – choosing from thousands of programmes at hundreds of schools. Many middle-class families hire expensive...

Reeves tells BBC: Burnham needs worked-through plan to govern from the start

The Chancellor tells Laura Kuenssberg she will be handing over a stable economy to the incoming PM.

Inside the Secret Factory That Supplies Ukraine’s War Drones

With its mass-produced and inexpensive A.I. powered war machines, the German start-up Helsing SE illustrates a profound shift in military spending.

A tiny GLP-1 implant is the latest bet to help patients maintain their weight loss

Vivani Medical is developing an implant of semaglutide, the active ingredient in Novo Nordisk's obesity injection Wegovy and diabetes counterpart Ozempic.

Chinese delivery worker uniform wins top French Design Award

Taobao Shangou, Alibaba’s instant commerce and on-demand delivery service that was revamped last year, won a top French Design Award prize on Friday for its delivery worker uniform design. This marks the first time a uniform has received the Gold Award in the prize’s 11-year history. According to the award’s organisers, the design sets a new standard for safety, comfort and performance for delivery riders, while helping the workforce build a stronger sense of dignity and identity. “Its...

What Slate Auto’s $25,000 Electric Pickup Truck Is Like in Person

The Slate Auto truck is making a splash for its lack of frills and its relatively affordable price, but it’s jumping into a difficult market.

What’s in the Housing Bill That Just Became Law

It is no Great Society measure, but the new law offers local governments and builders incentives to make incremental changes.

BYD showcases battery, charging technology in 15,000km journey from Rome to Hong Kong

BYD, the world’s largest electric vehicle (EV) maker, has intensified efforts to promote its high-performance batteries and superfast charging technology around the world as it tests a car that it says boasts the world’s longest driving range in a journey from Rome to Hong Kong. A fleet of upgraded versions of the Z9GT, a car produced under BYD’s premium Denza brand, has been travelling across European countries including Italy, Croatia, Serbia and Turkey for nearly a month at the start of a...

Volkswagen China deliveries see 26% drop year on year to lowest point since 2010

Volkswagen Group’s deliveries in China slumped during the first half of 2026 to their lowest level in 16 years, as local electric vehicle (EV) brands further siphoned off buyers’ interest in petrol cars amid a slowing market. Through its three ventures with Chinese partners, the German car brand handed over a total of 971,000 units to customers in China between January and June, down 26.1 per cent year on year, it said in a statement. The delivery volume hit the lowest level since the first half...

Don’t expect the rising tide of AI to lift all boats

The brave new world of artificial intelligence (AI) is going to be a mixed and divisive blessing for governments – not least those of key Asian countries – as well as for financial markets. The AI revolution points to higher economic growth for economies linked to the tech supply chain, with others being left behind. It also signals the potential for financial crises. Balancing these risks will be tricky. The relative optimism, displayed in a recent report from the International Monetary Fund...

Will Trump Accounts deliver for American children?

The White House has hailed the project as giving new generations a stake in the American dream, but the scheme has its critics.

China has poured funding into flood defences. Has the investment paid off?

With climate change unleashing more frequent extreme weather events and heightening the risk of casualties and infrastructure damage nationwide, Chinese authorities have stepped up funding to address the challenge, though ageing dams and cash-strapped local coffers pose challenges, according to analysts. “The central government has ramped up funding for natural disaster prevention over recent years. While the policy partly serves to stabilise employment, its core priority lies in flood control...

New York Times Accuses Federal Employment Agency of Retaliation

A May lawsuit by the Equal Employment Opportunity Commission claims the newspaper discriminated against a white male employee who did not get a promotion.

How the New Left won the battle of ideas for 21st-century China

We are all used to Western assessments of Deng Xiaoping. You may even be convinced by them, as I was for a long time. Ezra Vogel, for example, wrote in Deng Xiaoping and the Transformation of China: “It was [Deng] who would finally realise the mission that others had tried for almost two centuries to achieve, of finding a path that would make China rich and powerful.” And, according to Orville Schell and John Delury in Wealth and Power: China’s Long March to the Twenty-first Century, “Once in...

SK Hynix Stock Rises on First Day of US Trading

SK Hynix began trading at $170 a share, above its initial public offering price of $149, in the latest test of investor demand for A.I.-related companies.

Meta Ordered by E.U. to Alter ‘Addictive Design’ of Instagram and Facebook

European Union authorities said the company’s use of “addictive design” violated a digital safety law.

Shippers Face Deepening Dilemma as U.S. and Iran Vie for Control of the Strait

Companies desperately want to get their ships moving through the Strait of Hormuz, but face mounting risks. “Things are becoming uglier by the minute,” one executive said.

The Work of Helping A.I. Destroy Work

Start-ups are paying white-collar professionals to teach their jobs to artificial intelligence models. It’s a bonanza. It’s bleak. Where will it end?

Man nearly sucked out of window mid-air on Ryanair plane, passengers say

The man's wife held onto his legs for around five minutes to stop him from being sucked out, officials say.

Atlassian Illegally Fired Worker in Rare Legal Victory for Tech Worker

A federal labor law judge determined last week that the software maker Atlassian had illegally fired an employee who questioned company policy changes.

Major car firms found not to have installed emissions-cheating devices

A High Court judge said some major car manufacturers did not install a device to cheat emissions testing.

Private chef salaries reach $300,000 as the rich seek their own Michelin stars

Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached records, according to Morgan & Mallet.

EasyJet agrees to surprise takeover bid as rival US firm swoops in

The airline says a bid from US firm Apollo has trumped a recent takeover offer from Castlelake.

A.I. Has Rewarded Investors. It May Now Pose Their Greatest Risk.

Near the midpoint of the year, stocks and bonds both report good returns. But the global stock market has become highly concentrated, our columnist says.

Should you be switching bank accounts?

Martin Lewis covers whether you should be switching bank accounts.

China to head off AI-fuelled inequality by lifting salaries, narrowing pay gap

China has made income growth and the reform of its wage-distribution system a priority within broader efforts to cushion the domestic job market against the impact of artificial intelligence over the next five years. A new blueprint released by the Ministry of Human Resources and Social Security on Thursday laid out a detailed road map for the strategy, vowing to promote collective wage bargaining within the private sector, ensure steady wage growth, and tilt pay towards frontline...

Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says

Delta is the first of the U.S. airlines to report second-quarter results.

Top Chinese political journal calls for ‘patient capital’ amid AI investment frenzy

The top theoretical journal of China’s ruling Communist Party has run commentaries urging the country to cultivate “patient capital” for three days straight, as Beijing seeks to harness investment to boost long-term innovation amid fears of speculative excess in the artificial intelligence sector. The three posts, published on Qiushi’s official WeChat account from Wednesday to Friday, were drawn from an article in the journal’s latest issue by Xu Siwei, chairman of the vast Chinese state-owned...

Wall St. Sets Limits on Prediction Market Trading

Goldman Sachs is the latest firm to restrict how employees use the popular betting platforms.

China fines 4 internet celebrities US$1.9m over tax evasion involving e-commerce sales

Chinese authorities have fined four internet celebrities 13.3 million yuan (US$1.9 million) for tax evasion after they racked up millions of followers but paid nearly zero tax, Xinhua said on Friday. The penalties, including fines and late-payment fees, were paid in addition to the outstanding taxes, the state news agency reported. “The streamers involved have high popularity and large sales volume in their live broadcast spaces and often receive donations from fans, but the tax declarations and...

Vapes to have less enticing names and flavours to protect children

People are being consulted about plans to stop vape companies using enticing flavour descriptions that "attract" children into experimenting.

China issues temporary ban on helium exports as Iran war weighs on chip supply chain

China has imposed a temporary ban on exports of helium to take effect immediately, as analysts said the country was moving to ensure its domestic chipmakers could maintain production amid a severe disruption in global supplies of the gas. The announcement – issued by the Ministry of Commerce and the General Administration of Customs on Friday – did not specify any destination markets or exemptions, implying that the ban applies to all overseas shipments. Helium, a by-product of liquefied natural...

Beijing’s evolving carbon road map balances climate targets and energy security

Beijing has signalled unyielding conviction in its latest action plan to peak emissions within five years, as the world’s largest producer of greenhouse gases vows to bolster nuclear and green offerings while ensuring energy security for the economy and burgeoning artificial intelligence sector. The State Council, China’s cabinet, on Thursday released a five-year plan as the mission to peak its carbon dioxide emissions by 2030 enters a crucial execution period. The timeline, ultimately aimed at...

Trade frictions spread as EU launches anti-dumping probe into imports of Chinese ducks

Trade frictions between China and the European Union have spread to the importation of Pekin ducks, with Brussels opening an anti-dumping investigation on Thursday. While the European Union and China recently signalled their intention to manage trade tensions, a complaint filed by five EU producers in May alleged that Chinese producers of the ducks benefited from state subsidies, cheap feed and other support channelled through the country’s five-year plans. The EU notice announcing the...

'Cool in 90 seconds' - the fake portable air conditioners sweeping the internet

The ASA says adverts claiming small devices can rapidly cool rooms were too good to be true.

China restricts low-altitude aviation near Beijing after building strike: analyst

China has tightened regulations for low-altitude aviation within 300km (186.4 miles) of Beijing’s geographic centre after a small plane hit a skyscraper, with authorities now requiring mandatory background reviews for pilots, according to a veteran aviation analyst. The regulatory move affected crewed aircraft near Great Wall tourist sites, aerial tours of Beijing’s suburban mountains, and agricultural-use flights north of the capital, but was expected to have little impact on drones and...

Florida's Palm Beach airport renamed for Trump

Palm Beach International Airport is now called President Donald J. Trump International Airport, the FAA said Thursday.

Buffalo Bills quarterback Josh Allen says he would 'entertain' idea to follow Tom Brady, Drew Brees into broadcasting

Buffalo Bills star QB Josh Allen told CNBC Sport he would consider a post-playing NFL broadcast career, but he also cited reservations.

Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin

Competition in the multitrillion-dollar market for retirement assets is fierce among managers such as Goldman Sachs, BlackRock, Russell Investments and Mercer.

June home sales disappoint as prices reach an all-time high

Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.

PepsiCo earnings miss estimates as U.S. consumers tighten their budgets

PepsiCo reported weaker-than-expected quarterly earnings despite strong international demand.

Chinese firms look to strike gold in a volatile global metals market

Chinese futures brokerages and exchanges are ramping up their global expansion push as the country’s miners and manufacturers look to grow their footprint in the global commodity market amid geopolitical tensions and the rising importance of critical metals. The go-global drive reflects growing demand by Chinese companies for more efficient hedging tools to avert risks arising from high volatility in global metal prices. In the first quarter of this year, Chinese mining and metal companies...

China aims to revive physical stores, make them ‘immersive’, as shield against e-commerce

With retail sales growth cooling in May to the slowest pace since December 2022 and persistent weakness in big-ticket items extending through last month, Beijing has stepped in to reinvigorate bricks-and-mortar operators facing intense price competition from e-commerce platforms. The Ministry of Commerce, together with eight other relevant authorities, on Thursday released guidelines to accelerate the innovative development of the retail sector. The document charts out a path for differentiated...

Levi Strauss beats quarterly expectations, raises guidance and dividend

Levi Strauss beat quarterly expectations on the top and bottom lines during its fiscal 2026 second quarter.

China’s central bank vows flexible approach as it acknowledges uneven economic picture

China’s central bank pledged to maintain a “moderately loose” monetary policy while calling for a more forward-looking, flexible and targeted approach, flagging “structural divergence” as a key domestic challenge for the first time, in a statement published on Wednesday. The remarks – in a readout from a meeting of the monetary policy committee of the People’s Bank of China (PBOC) on Saturday – came as China’s economy grows increasingly uneven, with artificial intelligence-related sectors,...

China’s factory gate prices rise in June amid brief Iran war respite

China’s factory-gate prices continued to rise in June despite a temporary easing of the US-Iran conflict that had previously driven up energy costs, while domestic demand remained weak. The producer price index (PPI) increased 4.1 per cent year on year last month, compared with a 3.9 per cent rise in May, according to data released by the National Bureau of Statistics (NBS) on Thursday. The increase matched a projection from economists polled by financial data provider Wind. Meanwhile, the...

Yuan: global ambitions

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Wealthy AI workers send San Francisco house prices soaring

The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.

Used EVs keep getting more expensive amid Iran war, high gas prices

The Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% compared to June 2025.

Netflix, Disney and YouTube interested in FIFA World Cup U.S. rights; package could reach $2 billion

FIFA has alerted media companies that English- and Spanish-language U.S. rights are likely to be sold together for 2030 and 2034, likely driving up the price.

Delta launches 'basic business' fares without lounge access, seat selection

Delta is launching basic business and other stripped-down premium classes that come with fewer perks.

How much does China invest abroad? US$174 billion keeps it world’s No 3 FDI source

China was the world’s third-largest source of foreign direct investment and the fourth-largest destination last year, holding firm in an annual ranking as it expanded its role in critical raw materials, tech services and the broad energy transition, while the United States remained the global leader in both categories, according to a new report. Chinese companies invested US$174 billion overseas last year, ranking just behind Japan, and both trailed the US, which saw FDI outflows of US$263...

How to find lost bank accounts

Beijing seeks chip stability and fair market access during Dutch trade minister’s trip

Beijing has urged the Netherlands to ensure fair treatment for Chinese companies and maintain stable chip supply chains during a visit by the Dutch trade minister, as the two sides navigate tech tensions with Washington while seeking a “clean break” from friction over Nexperia. “We hope the Dutch government will create a fair, impartial and predictable business environment for Chinese companies investing in the Netherlands,” Commerce Minister Wang Wentao said during a meeting with his Dutch...

A healthy economy isn’t built on asset bubbles and debt pyramids

In the animated Soviet film The Golden Antelope, inspired by Indian folklore, a magical antelope tries to save a boy from a greedy raja by promising him as much gold as he wants. When she asks whether there can be too much, the raja laughs: “You can never give me too much gold.” But when the gold begins to bury him, he cries “enough” – and loses everything. Today’s financial system risks repeating the raja’s mistake. For too long, rising nominal wealth, asset prices and the fortunes of the ultra...

Manhattan office leasing sees strongest gains in 20 years

During the second quarter, office leasing volumes were 31.3% above the 10-year average, according to a new report from Colliers.

Chinese city ‘sold’ same plot of land 18 times to inflate fiscal revenue: watchdog

A local government in China has been left red-faced after it falsified land sale deals to inflate fiscal revenues amid a five-year slump in the country’s property market. The Communist Party’s Central Commission for Discipline Inspection (CCDI) said that in one case, a plot of land in Nanning, the capital of southern China’s Guangxi Zhuang autonomous region, was “sold” 18 times without ever actually changing hands. The party’s top anti-corruption watchdog said the tactic allowed the city...

China further boosts Hong Kong’s role as offshore yuan hub

China’s central bank announced more measures to expand Hong Kong’s role as an offshore yuan hub, injecting “vitality” into the city’s markets and supporting efforts to grow international use of the currency. Institutions in mainland China would be able to buy a net 800 billion yuan (US$118 billion) of offshore bonds each year via the Southbound Bond Connect scheme, an increase of 60 per cent, People’s Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday. The scope of eligible products...

Are the US’ AI models better than China’s? That may be beside the point

As another heatwave rolled across Europe, the warehouses emptied before the politics could catch up. Air conditioners and fans sold out across Spain, Italy and Germany, most of them Chinese. Fan sales in Spain alone on the retail platform of Alibaba Group Holding (which owns the South China Morning Post) nearly doubled last month while Midea Group’s air-conditioner sales in western Europe surged by over 70 per cent in the first six months of the year. A decade from now, such heatwaves may become...

China targets 190 million inbound travellers, more global influence in 2030 plan

China aims to attract 190 million international visitors by 2030 – generating US$150 billion in spending – under a new five-year tourism plan that also seeks to increase Beijing’s influence over global industry rules. The State Council on Tuesday announced its 15th five-year plan for the fast-growing tourism industry, which included an annual target of 8.3 billion domestic trips worth 7.7 trillion yuan (US$1.13 trillion) by the end of the 2026-2030 period. Tourism would further play a part in...

Gao Shanwen, economist who mapped China’s structural shift, dies at 55 after cancer fight

Gao Shanwen, one of China’s most influential economists, whose outspoken views on the country’s economy made him one of its most closely watched market commentators, died at 55 on Tuesday after a battle with cancer, according to Chinese media reports. Over a career spanning three decades, Gao rose to become one of China’s best-known market economists. His incisive research on China’s business cycles, the property market, and the broader macroeconomy earned him a dedicated following among...

EU imposes anti-dumping measures on Chinese tyre firms

The EU will impose definitive anti-dumping duties of up to 45.3 per cent on Chinese car and light lorry tyres from Wednesday, citing significant dumping margins and “material injury” to the bloc’s tyre industry. “Most injury indicators such as ... sales quantity, market share, employment, profitability and productivity showed a clear negative trend during the period considered,” the European Commission wrote on Tuesday. Imports of Chinese tyres to the European Union are overwhelmingly...

Rivian stock falls 18% as company sells 75 million shares to raise capital

The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.

Far more real estate agents now report seeing a balanced market, CNBC Housing Market Survey finds

Agents who reported at least one price cut to active listings dropped dramatically from prior surveys.

Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.

While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart.

Could Canada use Chinese electric vehicle firms to reboot its auto manufacturing?

Following a January deal on Chinese electric vehicles (EVs) makers’ imports into Canada, there was a rush to buy Polestar EVs at an Oakville showroom in Canada’s Ontario province. But potential buyers say there are now too few Chinese EVs in the Canadian market. During Prime Minister Mark Carney’s visit to Beijing earlier this year, Canada agreed to allow 49,000 Chinese EV imports annually at a 6.1 per cent tariff rate. But potential Canadian buyers are now gauging how long it will take the...

China has potential to become world’s largest consumer market by 2041, policy adviser says

Mainland China, already a manufacturing powerhouse, has the potential to become the world’s largest consumer market within the next 10 to 15 years, driven by consumer spending on services where Hong Kong maintains a distinct competitive advantage, according to a prominent Chinese policy adviser. The country’s share of global consumption could rise by about one percentage point every one to two years, surpassing 20 per cent over the next decade or decade and a half, said Chi Fulin, president of...

Europe could prosper as China’s trade ally rather than adversary

The European Commission has been clearly signalling its intention to wage a trade war against China. Brussels’ intent to counter the so-called China shock 2.0 – the wave of subsidised Chinese exports such as electric vehicles (EVs), solar panels and batteries – is no longer merely a verbal threat but appears to be an imminent decision. Comparing current trade tensions between the European Union and China with the trade conflict between Europe and Japan in the 1970s and 1980s reveals striking...

China’s excavator exports surge 33% in first half as industry pivots to electric power

Exports of China-made excavators and other heavy machinery saw robust growth in the first half of 2026, with their overseas dominance set to be further entrenched amid electrification and intelligence trends, according to an industrial association. In June, exports of various types of excavators totalled 14,547 units, surging 36 per cent year on year. For the first half of the year, total exports grew 33.5 per cent to 73,295 units, of which 135 were electric, according to data released on...

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Dutch trade minister in China for high-stakes talks on tech war, tariff tensions

Dutch Trade Minister Sjoerd Sjoerdsma departed for China on Monday for a high-stakes, three-day trade mission – amid intensifying tech competition between the US and China – with an agenda that includes a meeting with his Chinese counterpart Wang Wentao and a CEO round table. Sjoerdsma is accompanied by representatives from 17 Dutch companies from sectors including logistics, agriculture and hi-tech. The mission, which wraps up on Thursday, would also take him to Shanghai, where he was scheduled...

Hong Kong’s IPO surge

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Robots available for rent: But what can they do?

Robotics tech is changing fast, so for many it makes sense to rent a robot.

Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas

Toyota said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to its San Antonio manufacturing campus in Texas.

Klarna seeks U.S. bank charter in latest push beyond buy now, pay later

Klarna joins a wave of fintech and crypto firms seeking entry to the traditional banking system.

Versant agrees to buy golf simulator company Full Swing for $530 million

The deal for Full Swing will expand Versant's nontraditional media assets in an effort to diversify revenue from cable television.

AI is 'not smart' so what's next in artificial intelligence?

Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.

Why is crucial tech vulnerable to the heat?

Energy grids and train services are among the vital services that are vulnerable to very hot weather.

Why Gen Z are planning for life without a state pension

Many younger people do not believe the state pension will exist when they are older

The legal fight to get equal pay for Germany's disabled workers

A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.

Do you know your 'sweat score'? The rise of hydration tech

Hydration tracking gadgets are flooding the market but is it too much information?

Is Germany looking again at coal-powered electricity?

It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.

The artificial ice pyramids saving India's mountain villages

Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.

'We had to get out of the way': The backlash over delivery robots

As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.

What is Helium-3 and could we get it from the moon?

Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.

The furious dispute over what caused Air India flight 171 to crash

The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.

How the High Street became a window on our political instability

High Streets have declined in recent years. What does this tell us about the UK?

The £5 coffee that tells a story of global economic turmoil

Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam

The threat to summer holidays looming from jet fuel shortages

What impact might shortages have on our summer holidays - and what could be done about it?

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