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Over 65% of cars sold in China are now EVs as Iran war drives electric shift

China’s electric vehicle (EV) adoption rate has hit an all-time high, as the Iran war drives motorists to shift away from petrol cars despite a sluggish automotive market. A record 65.2 per cent of the 1.54 million cars sold in mainland China last month were either pure electric or plug-in hybrid vehicles, data from the China Passenger Car Association (CPCA) showed. The figure broke the previous record of 65.1 per cent set a month earlier. “Consumers are convinced of EVs’ advantages now that...

Justice Dept. Investigates Nvidia Deal With Groq

The Justice Department is examining whether the tech giant sought to sidestep antitrust scrutiny.

Tax banks to give some households energy bill cut, unions tell Burnham

The TUC says a bank surcharge should be reversed - and estimates it would raise £9bn over four years.

Tax banks to give some households energy bill cut, unions tell Burnham

The TUC says a bank surcharge should be reversed - and estimates it would raise £9bn over four years.

US firms’ confidence in China has soared amid Xi-Trump trade truce: survey

Profitability and business confidence among US companies in China have rebounded to the highest levels in years, as Beijing and Washington work to stabilise bilateral trade relations, according to a new report by a prominent business chamber. The survey by the American Chamber of Commerce in Shanghai (AmCham Shanghai) logged a marked upswing in confidence among its members compared with last year’s report, with the proportion of US firms feeling optimistic about their five-year outlooks in China...

AI is becoming harder to control – can humans stay in charge?

AI agents went on an uncontrolled hacking spree, leaving some in the industry worried

The one thing you need to do to succeed - according to top bosses

What makes someone stand out in a crowded workplace? Six business leaders tell us what they look for.

Bond Market Rebuffs Treasury’s $6 Billion Plan to Reduce Borrowing Costs

The 10-year yield rose to its highest level in three years, suggesting investors were underwhelmed by the details of a move to buy back government bonds.

Hunter Biden’s ‘Laptop’ Crypto Coin Plummets Upon Launching

The president’s son portrayed his memecoin as a symbol of redemption. Critics denounced it as hypocrisy.

Roger Marshall Sued 700 Patients for Debts; 81 Were Arrested. Now He’s a Senator.

Patients sued by Senator Roger Marshall of Kansas were routinely charged 18 percent interest, The Times found. Some had bank accounts garnished.

Trump’s Midterm Pitch Clouded by Iran War and Canada Tariffs

A worsening trade war and a spike in oil prices could create new economic risks as the president prepares to rally Republicans for the midterms.

Apple's new boss starts with big gamble on costly first folding iPhone

Apple showed off at an event the first major design change to the iPhone in almost 20 years.

What a historic summer box office reveals about massive shifts in the theatrical industry

The domestic box office posted a record-breaking summer movie season, which was bolstered by an extra week of ticket sales and higher-priced premium screenings.

Air traffic failure was avoidable, says transport secretary

Heidi Alexander orders an investigation into the glitch that caused more than 2,000 flight cancellations.

Saudi Oil Exports Plunge as Spread of War Shuts Off Shipping Routes

With few good options for safely shipping oil, Saudi Arabia’s exports have fallen to a 13-year low.

Joseph Rice, Lowcountry Lawyer Who Took On Big Tobacco, Dies at 72

He challenged tobacco companies as well as the opioid industry, securing multibillion-dollar settlements that also benefited public health.

LA Rams President Kevin Demoff touts Australia push ahead of historic NFL game

The Rams spent five years building their brand in Australia. This week, Los Angeles will face San Francisco in the NFL’s first regular-season game Down Under.

Share Energy to increase electricity prices by 12.6%

The supplier said the industry has faced "exceptional volatility" following Russia's invasion of Ukraine and instability in the Middle East.

Why California Is Reconsidering Its Decision to Shun Nuclear Power

The state is considering extending the life of its last nuclear power plant, Diablo Canyon, and allowing construction of new reactors to help meet its clean energy goals.

Clay, an A.I. Sales Tool Provider, Raises $115 Million

The round was led by Wellington Management, a firm known for investing in start-ups on the path toward potential initial public offerings.

Anthropic researcher believes more than 10% chance AI 'could kill all humans'

It is the latest in a series of increasing warnings about the safety threat posed by artificial intelligence.

Sapporo to move some beer production from Canada to US after tariffs

The Japanese brewer plans to shift non-alcoholic beer brewing to the US from Canada as tariffs bite

More flight cancellations as fallout from air traffic control glitch continues

Departures from a number of airports are affected by a technical problem affecting air traffic control provider Nats.

TSA PreCheck Now Unlocks Access to Visit Airports Without a Plane Ticket

At more than a dozen U.S. airports, T.S.A. PreCheck members can now apply to enter the secure area, even if they’re just going to meet someone on a flight.

What tariffs will really cost Canadians and Americans

Households and businesses have become used to tariffs impacting the cost of living for more than year now, so what will change now?

China’s robotic lawnmower industry sets its sights on EU amid bare domestic market

At least nine Chinese brands launched new robotic lawnmowers at this year’s IFA, Europe’s largest consumer electronics show, as the industry commits to continued expansion in the EU, despite an ongoing anti-dumping investigation by Brussels against their products. Chinese lawnmower makers turned one hall at IFA in Berlin – which ran from Friday to Tuesday – into a patchwork of artificial gardens, with brands setting up demonstrations on their respective turfs. “Everyone came in over the past two...

Petrol prices rise by 5p over a week as Iran war sends oil higher

A litre of unleaded now costs 167.17p which is the biggest weekly increase since April, data shows.

Petrol prices rise by 5p over a week as Iran war sends oil higher

A litre of unleaded now costs 167.17p which is the biggest weekly increase since April, data shows.

Oil Hits $100 a Barrel as Turmoil Intensifies in Middle East

The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.

Measuring the Cost of Trump’s Multiple Wars

Voters and some Republican lawmakers are growing weary of President Trump’s trade battles and the economic fallout from fighting in the Middle East.

Why are petrol and diesel prices rising again?

The price of unleaded hits 167p a litre, according to motoring group the RAC, as oil prices remain elevated.

Learner drivers still forced to wait months to book tests

The Driver and Vehicle Standards Agency had been given a target to reduce average wait times to seven weeks.

A.I. Music Giant Suno Tries to Play Nice With Record Labels

Suno has drawn copyright lawsuits from the majors. Now it is releasing a version of its A.I. music generator trained in partnership with Warner Music.

Power of Siberia 2 pipeline talks stall over China-Russia price dispute: sources

China and Russia’s negotiations regarding the construction of the Power of Siberia 2 pipeline have stalled, according to multiple sources who have knowledge of the issue, as both sides cannot bridge a big gap over gas price expectations. “China hopes to secure a price comparable to Russia’s subsidised residential rate, around US$50/thousand cubic metres, or at least the domestic industrial rate of about US$120-130/thousand cubic metres,” said one source, who asked for anonymity due to the...

US to ban imports of some Canadian alcohol, dairy goods and motorbikes

It is the latest strike in a long trade war, and comes after Canadian counter-tariffs on US goods come into force.

In a bid to boost births, Shanghai waives out-of-pocket expenses for maternal care

Shanghai, grappling with one of China’s highest rates of ageing and lowest rates of fertility, has made maternal care completely free in its latest move to encourage childbirth. The city government rolled out a pioneering policy on Tuesday that waives all out‑of‑pocket expenses for maternal care, from pregnancy screenings through childbirth to postnatal follow‑ups. The policy builds on – and goes beyond – a central government commitment to make basic services for hospital delivery free to all...

As He Backs ICE Crackdown, Nebraska Governor Employs Undocumented Workers

Gov. Jim Pillen’s family business is one of the nation’s largest pork producers. As he seeks re-election, he has aligned himself with President Trump’s anti-immigrant agenda even though his farms have taken on undocumented laborers.

Governance must be the new competitive edge for China’s global firms

Chinese manufacturers have long understood overseas barriers in visible terms: tariffs, market access, technical standards and geopolitical restrictions. The controversy surrounding Changzhou Xingyu Automotive Lighting System points to a quieter threat: a governance failure at home can follow a company into global markets. Online, the dispute has been cast as a story of young employees fighting back. According to media reports, Xingyu recruited 440 graduates but asked 107 of them – just over a...

What are my rights if my flight is cancelled or delayed?

Flights are cancelled owing to air traffic control problems, so what are your rights if you're affected?

What are my rights if my flight is cancelled or delayed?

Flights are cancelled owing to air traffic control problems, so what are your rights if you're affected?

China’s five-year plan for the information and communications sector

China unveiled its five-year development plan for the information and communications industries for the years 2026 through to 2030. The blueprint, released by the Ministry of Industry and Information Technology on Monday, lays out 13 key targets as part of a broader revamp of the sector by 2035, when the country is expected to “basically achieve socialist modernisation”. It includes plans to grow the sector’s revenues to 4.1 trillion yuan (US$610 billion). Below are its key points: See below...

Singaporean man pleads guilty in US to massive crypto heist

Malone Lam and his associates used the proceeds of their crimes to fund a luxurious lifestyle, US authorities said.

Cowboy builder tore my home apart and disappeared off the face of the Earth with £14k

Victims of cowboy builders describe how they were exploited with one couple left "scarred for life".

Carney Says Retaliation Against U.S. Tariffs Was Unavoidable

In a video address, the prime minister said the United States was seeking “dependency, not a true economic partnership” from Canada.

China’s factory-gate price growth picks up in August as Iran war fuels energy volatility

China’s factory-gate price growth accelerated in August, while consumer inflation picked up again, amid volatile energy and commodity costs linked to the US-Israel war on Iran. The producer price index rose 3.8 per cent year on year last month, up from 3.5 per cent in July, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The reading beat a 3.6 per cent projection from economists polled by financial data provider Wind. Meanwhile, the consumer price index (CPI),...

Trump Announces Ban on Some Canadian Imports

President Trump invoked a 1930 law after Canada imposed new tariffs on U.S. goods, which followed his own recent tariffs in a widening trade war.

Should promotion depend on how workers use AI?

More companies are tying career progression to AI use: is that fair?

I'm 27 and I've already written my will - here's why

For many young people making a will may not seem necessary, but here's why you shouldn't put it off.

How one hedge-fund manager built his firm to be powered entirely by AI agents

It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.

LIV Golf files for Chapter 11 bankruptcy protection

As part of the proposed bankruptcy deal, the upstart golf venture is expected to be majority owned by its players.

Trump administration expresses 'profound concern' over Ford's ties to China

In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.

Politics News Site NOTUS Rebrands as The Washington Sun

A trademark dispute scuttled its plans to relaunch as The Washington Star, so the site chose a different name.

OpenAI says it cracked 90-year-old maths problem in 88 hours

OpenAI's claim that it solved parts of Navier-Stokes equations has quickly stirred controversy.

Oil Climbs Toward $100 a Barrel Following Houthi Attacks

Analysts said they expected the price of Brent crude, the international benchmark, to remain elevated for the rest of the year.

CCRCs Are Expanding Retirement Home Care to Seniors’ Own Homes

Continuing care retirement communities are widening their scope to help retirees age in place, with measured supports and a way to cap the soaring costs of aging.

China’s Surging Exports Loom Over Trump’s Talks With Xi

China’s exports grew by a quarter in the month of August, weeks before its leader, Xi Jinping, is set to meet with President Trump in Washington.

Trump Media Launches MAGA-Friendly Truth Social ETFs

The seven exchange-traded funds, like the God Bless America fund, are investing in companies aligned with President Trump’s worldview.

Bombardier Shares Down as Trump’s Trade War Targets Canadian Jet Maker

The Montreal-based company’s share price dropped after President Trump threatened to bar it from selling in the United States.

The Economic Fallout From a Potential Return to $100 Oil

Brent crude, the international benchmark for oil, is spiking again, reviving fears of inflation.

Here’s where rental demand is heading and what it means for future home sales

As U.S. rent prices rise, more tenants are relocating to cheaper markets, according to a new report by Zillow.

Borrowers expecting mortgage rates to drop have hopes dashed

Major lenders have raised rates on new deals in recent days, leaving many borrowers needing to make a decision.

Carney says US trade war 'will come at a cost' as Canada strikes back on tariffs

Canada's levies - as high as 50% - will apply to nearly $20bn of US products, from steel to T-shirts.

Why Stocks Are Defying Gravity and What Could Bring Them Down

Investors are focused on strong corporate earnings and A.I., while looking past the war in Iran. But rising interest rates are an increasing risk to the rally.

The Heart Drug Pelacarsen Fails, Shocking Novartis and Cardiologists

Doctors were hopeful the drug, which was being tested in a large clinical trial by Novartis, was going to be a powerful new tool to fight heart disease.

‘60 Minutes’ Prepares for a High-Pressure Premiere After Its Turbulent Shake-Up

Nick Bilton, the new executive producer, has begun to put his stamp on the show. Up first: an exclusive interview with an officer who was aboard the F-15 fighter shot down over Iran.

Elon Musk says Tesla has a rare-earth-free motor. Should China be worried?

As Tesla CEO Elon Musk touted the motor of his company’s Cybercab – which, he claims, contains no rare earth elements – debate has emerged over whether the technology could mark a meaningful shift in electric vehicle (EV) supply chains, or undercut one of China’s trump cards in its protracted trade conflict with the US. While the move has been viewed as an effort to reduce the EV industry’s reliance on rare earths – an essential component in the permanent magnets that power electric motors –...

No Luxury Spared: New High-End Cruise Ships Set Sail

The latest batch of yacht-like vessels sailing in Europe, the Caribbean and beyond offer personalized experiences, great food and spacious suites.

Argentina to file criminal case against oil company operating in Falklands

The move comes days after President Javier Milei stepped up Argentina's claims of sovereignty over the Falklands.

'JLR job cuts a cause for uncertainty and worry'

Experts say they worry it could limit the company's ability to innovate in the future.

The U.S. is trying to reduce its reliance on China for batteries. Here's what it's up against

The Department of Energy has given grants to small battery tech companies. But the U.S. has a few years to do what took China decades.

Why China’s sugar stockpiles may blunt an El Nino-fuelled global supply crunch

China is expected to slow sugar imports for the rest of the year as concerns grow over a global supply crunch and higher prices, with Thailand – the world’s second-largest exporter – facing a sharp drop in production. The world’s second-largest economy relies on imports for about a third of its sugar supply, though high domestic stockpiles are expected to cushion the impact. Analysts estimated only moderate increases in local prices for the sweetener, which is considered a strategic agricultural...

UK's third-biggest taxpayer to leave for Greece

Chris Rokos plans to open an office in Athens, reports say, and was ranked third in the Sunday Times's list of the UK's top taxpayers.

French A.I. Start-Up Mistral Raises $3.5 Billion as Part of Strategy Shift

Mistral is trying to keep pace with American and Chinese rivals while offering customers a European alternative for artificial intelligence.

AI will cure cancer in our lifetime, claims boss of UK chip giant

Arm Holding's chief executive Rene Haas says artificial intelligence will find a solution to the disease.

China’s export growth picks up amid US, EU pressure for curbs

The artificial intelligence (AI) boom and strong demand for electric vehicles (EVs) drove a 25 per cent year-on-year increase in China’s exports in August despite geopolitical headwinds and bad weather. Typhoons Dolphin and Saudel caused widespread delays at Shanghai’s port. The increase in exports exceeded the 23.9 per cent growth recorded in July and the 21.9 per cent forecast of economists polled by Chinese financial data provider Wind. Customs data released on Tuesday also showed imports...

Seaweed Is Their Way of Life. A Company’s Sweeping Plan Threatens It.

As global demand for seaweed surges, a Canadian corporation’s bid for exclusive harvesting rights in the west of Ireland has upended a once-sleepy industry.

'Tirana teeth': Albania hopes to be the new Turkey for dental work

The Balkan nation is aiming to become a new centre for medical tourism.

Shetland spaceport project secures £30m of UK government investment

The funding will be used to build two more launchpads.

The firms turning recruitment into X Factor-style competitions

Applicants have to pitch their ideas on stage in front of a panel of judges and an audience. But is this exciting or unfair?

Scammers demand ransoms from Instagram users over fake copyright claims

Users say they are losing money or risk having their accounts suspended because Meta struggles to identify scammers.

From BYD cars to DJI drones, Guangdong showcases tech prowess ahead of Apec summit

As China’s southern tech hub Shenzhen gears up to host November’s Asia-Pacific Economic Cooperation (Apec) summit, its province, Guangdong, is making sure its technological prowess is also receiving global attention. At Saturday’s Asia-Pacific Media Forum, a major media gathering before the summit, a hall was packed with hi-tech products from the province, including a BYD car, DJI drones and Tencent Holdings’ artificial intelligence products, as well as smartphones from Honor and Vivo. Before...

China’s export machine strengthens in August as US critiques trade imbalance

China’s exports continued to beat expectations in August, buoyed by strong demand for tech products and pre-Christmas orders that offset severe weather disruptions, though analysts warned the country’s widening trade imbalances remained a concern among Western policymakers. The country’s exports rose by 25 per cent year on year to US$401.44 billion last month, according to Chinese customs data released on Tuesday. The reading was above a forecast of 21.93 per cent growth from economists polled...

Rivian R2 Review: A Tidier (in Size and Price) SUV Is Ready for the Suburbs

The electric automaker’s new R2 takes what works from its bigger, costlier brother and adds a host of features with the mass market in mind.

How a Blacklisted Chinese Tech Giant Kept Buying America’s Best A.I. Chips

Washington imposed sanctions on Inspur because of its work with the Chinese military. But the company’s subsidiary kept shipping Nvidia’s best chips to feed China’s leading A.I. firms.

Jiaxin’s Hong Kong-Kazakhstan listing paves way for mining peers, official says

The Chinese mining firm that carried out the first Hong Kong-Kazakhstan dual stock exchange listing after a tough start in the industry could motivate many more initial public offerings (IPOs) by peers who are keen on the Central Asian country’s extensive mineral deposits, a financial official said on Monday. The dual listing of Jiaxin International Resources Investment last year established a “proof of concept”, said Renat Bekturov, governor of Kazakhstan’s Astana International Financial...

Trump threatens to stop sale of Canadian Bombardier jets in US

The threat against one of Canada's largest companies comes amid an escalating trade war between the two neighbours.

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

Brent crude, the global benchmark for oil, rose to about $97 a barrel on Monday, while the national average price of gas was $4.15 a gallon.

WYouth, New Magazine for Teens, Debuts With Justin and Hailey Bieber Cover

Sara Moonves managed to save and expand W, a fashion and culture magazine. Her next bet is on “Little W.”

Cargo Plane Crashes at Miami Airport, Striking Vehicles

Officials said five others were injured. Flight disruptions at Miami International Airport continued on Monday morning.

‘Go Get Your Kicks’: The Europeans Obsessed With a U.S. Highway

As Route 66 turns 100, tourists in search of Americana try to keep war, inflation and politics in the rearview.

China hits critical Japanese chipmaking chemical with steep anti-dumping measures

China will impose provisional anti-dumping duties of up to 99.2 per cent on Japanese dichlorosilane, a critical chemical used in chipmaking, after an eight-month investigation found that dumped imports had harmed local manufacturers. The Ministry of Commerce announced the preliminary ruling on Monday, saying importers of dichlorosilane originating from Japan would be required to pay corresponding cash deposits from Tuesday. Shipments from Denal Silane, a manufacturer of semiconductor speciality...

Golden opportunity: can China lure European central bank gold reserves from US?

Amid persistent geopolitical strains and growing concerns over the weaponisation of the US dollar, European central banks have continued shifting gold reserves away from US vaults – with the latest move announced by the Netherlands – and analysts say China could take it as an opportunity to draw more bullion flows into custody hubs in Shanghai and Hong Kong. De Nederlandsche Bank, the Dutch central bank, said in a news release on Wednesday that it had transferred 86 tonnes of gold from vaults in...

Will China’s US$54b capital injection be enough to ease financial strains?

Beijing’s planned 360 billion yuan (US$54 billion) capital injection into eight state-owned financial institutions is a step in the right direction, but further fiscal support is needed to revive credit demand and ensure the fresh capital is put to better use, analysts say. They noted that the move extended a recapitalisation drive since 2025 that had largely focused on banks, now widening to insurers and other financial institutions, reflecting a broader effort to strengthen capital buffers...

Social Media in China Is Getting Really Dark

The Chinese Communist Party has spent years trying to make “positive energy” the dominant mood of the country’s internet. It’s no longer working.

China’s new property presale rules risk prolonging sector downturn

More than two decades after China’s central bank recommended that developers be forbidden from selling flats before they are completed, the government has called time on the presale financing model that contributed to the excesses of the property boom and shattered homebuyers’ confidence in the market. On August 28, Beijing announced a package of measures designed to rebuild trust in the completion and handover of pre-sold homes, stimulate demand and put the country’s ailing residential market...

China has 1.4 billion mouths to feed. How vulnerable is it to a global food crisis?

A surge in global agricultural prices has sparked fears of a global food crisis in recent weeks. But China’s limited reliance on staple grain imports and robust domestic reserves should cushion the blow of any external shocks, analysts said, though unpredictable weather, geopolitics and US-China trade tensions could still pose risks. The assessment comes as Beijing steps up efforts to diversify grain trade with other countries. On Saturday, China and Kazakhstan launched a grain trading platform...

Economist Lan Xiaohuan on the balancing act needed to boost China’s consumption

Lan Xiaohuan is a professor of economics at China Europe International Business School. His book, How China Works: An Introduction to China’s State-led Economic Development, has sold millions of copies in China and has been translated into multiple languages. Here, he discusses the economic realities behind China’s record trade surplus, the case for a stronger social safety net, and how public data infrastructure shapes the artificial intelligence race with the United States. This interview...

OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume

The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf.

Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate

The U.S. military is helping oil get out of the Persian Gulf on tankers, but Iran is still attacking the ships and scaring operators away.

Why China won’t ban housing presales outright

Late August marked something of a watershed moment for China’s embattled property sector, now in its sixth year of decline. It began with Chinese courts kicking off proceedings to liquidate the onshore business of China Evergrande Group – the collapsed property giant that came to epitomise China’s property debt bubble – and sentencing its founder Hui Ka-yan to life imprisonment over financial crimes. An unusually coordinated series of official announcements followed in days. The central bank,...

How Victoria’s Secret Is Reviving Its Pink Brand

After Pink’s sales slipped in recent years, Victoria Secret’s new chief executive is focused on making women feel bold and flirty.

How China’s youth job crisis is driving graduates to German vocational apprenticeships

Two years ago, Yuki Liu was a university student in the northern Chinese province of Hebei, studying traditional Chinese music and the pipa – a pear-shaped Chinese lute – weighing the usual paths considered by her peers: postgraduate degree or civil service exam. Today, her day begins at 1am in Germany. While many people sleep, she is already working as an apprentice at an industrial bakery in a small town outside Stuttgart in the country’s southwest, preparing the shop for the morning rush. The...

The C.E.O. Teaching Future Generations About 9/11

Elizabeth Hillman, chief of the 9/11 Memorial & Museum since 2022, says the stories of that day “remain compelling, and they’re still unfolding.”

Why China’s shrinking population may be a blessing, not a curse

There is little in common between Daron Acemoglu and Xi Jinping. As a strong advocate of the Western model of liberal democracy, Acemoglu, co-recipient of the 2024 Nobel Prize in economics, may be considered the ideological opposite of the Chinese president. But on a crucial point about China’s future, the two may, strangely, be on the same page: an across-the-board introduction of cutting-edge technology may enhance productivity and maintain economic growth. It may counteract the negative...

Why a famous Montreal sandwich shop has been forced to swap its soda

Schwartz’s, one of Montreal’s most famous delis, has changed suppliers for its black cherry soda.

Aviation faces hotter, stormier skies – and passengers might have to accept more disruption

Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?

Family firms power China’s economy – but what happens when the heirs refuse the throne?

Many Chinese tend to label the offspring of the country’s nouveau riche private business founders with the pejorative “fuerdai”, literally “second-generation rich”. They are seen as scions, waiting in the wings to inherit their family’s enterprises and the massive wealth their parents oversaw, a life in the lap of luxury guaranteed. In reality, many of these transitions are plagued by a clash between generations, as the younger generation is unwilling – or unable – to keep the family business...

Kenyans Made a Living Writing College Essays. Then A.I. Arrived.

Thousands of Kenyans made a living writing essays for overseas students. With A.I., the work has dried up, a warning for online gig work that has been a global lifeline.

E. Coli Illnesses Linked to Frozen Blueberries Are Up to 17, F.D.A. Says

The affected frozen fruit products, which were distributed to 19 states and to retailers like Walmart and Publix, were recalled starting in July.

California Forever’s Ambitious Plan Faces Another Setback

A legislative setback for a manufacturing and housing proposal shows how hard it remains to build in the largest state — and why a backlash against billionaires could make it even harder.

The U.S. Wants the Oil From These 17 Venezuelan Fields

A private oil company has struck a deal with the Trump administration to develop 17 areas in Venezuela, an effort that experts say will take years and billions of dollars.

What Led to Maria Bartiromo’s Downfall at Fox News

The network this week took Maria Bartiromo off the air, pulling one of the last hosts whose coverage of Dominion Voting Systems drew an expensive defamation lawsuit.

GM vs. Ford: U.S. defense, energy sectors add to automakers' century-old rivalry

General Motors and Ford are looking for new potential growth areas, including by seeking military contracts and getting into energy storage businesses.

Money Box

What can we expect from a major review of financial literacy?

Consumer Fight Back

Rejected for PIP? Most tribunal appeals succeed. We ask why.

Will a Turnaround Plan Revive Volkswagen or Merely Delay Its Demise?

The beleaguered auto giant reached a deal with unions to cut tens of thousands of jobs and slash production. Is it enough to revive an iconic German company?

Authors Wrangle With Publishers Over $1.5 Billion Anthropic A.I. Settlement

The tech giant must pay $3,000 per pirated book that it used to train its chatbot. Many authors fear they could lose funds to others in the book business.

5 years after sweeping ban, China’s tutoring industry still bleeding parents dry

Yin Yue, a mother with a 15-year-old daughter, feels like after-school academic tutoring is everywhere again in Guangzhou, the city where she lives in southern China. Five years ago, China launched a sweeping crackdown that drove much of the industry out of sight. But prep centres had quietly begun popping up again in popular commercial areas across the city, said Yin, a pharmaceutical sales manager in her 40s. In Guangzhou’s shopping malls, these centres are now among the busiest tenants,...

How China’s new railway artery bolsters Hong Kong’s ties to the capital, central heartland

A new high-speed railway section connecting Beijing to Xiongan and central Chinese provinces is poised to begin operations this month, filling a missing link in the 2,370km (1,472-mile) train journey from the nation’s capital to Hong Kong. By enabling more direct connectivity and train services to and from Hong Kong for northern and central regions, China aims to inject fresh development impetus into the Greater Bay Area – an integrated economic hub linking several southern cities – and inland...

How much can Canada fight back in its trade war with the US?

The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.

Longtime Fox News host Maria Bartiromo disputes reports of termination

Maria Bartiromo, the longtime host of Fox News and Fox Business programming, has disputed reports she was fired from the cable TV networks.

Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates

The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.

WNBA Commissioner Cathy Engelbert to retire at the end of 2026

Engelbert oversaw a period of unprecedented growth for the WNBA, but has faced criticism from players over her leadership.

Labor Day marks the start of 'fallcations' as wealthy travelers avoid summer crowds

Wealthy travelers are moving their typical summer getaways to autumn.

What to know about the report.

1986: Manchester's second-hand fashion mecca

Designer Jeff Banks visited Affleck’s Palace, an indoor emporium selling vintage clothing.

NBA suspends Clippers owner Ballmer for one year in Kawhi Leonard salary cap probe

The NBA also fined the Los Angeles Clippers $30 million and said the team will forfeit five first-round picks, one in each year in drafts starting in 2029.

‘Breakthrough’: Chinese shipyard set to take lucrative orders from Nordic cruise operator

Shanghai Waigaoqiao, a subsidiary of China State Shipbuilding Corporation (CSSC), has secured potential orders from a Nordic cruise operator, marking the entry of Chinese shipyards into the lucrative cruise ship construction sector amid the dominance of European firms. The memorandum of understanding (MOU) was signed by Shanghai Waigaoqiao and Nor Cruises from Norway on Wednesday at SMM Hamburg, a trade fair on shipbuilding, machinery and marine technology in Germany. The deal involved two...

The wealth of the world's billionaires reached $15.1 trillion last year, per a new report

The global billionaire count hit a record of 3,795 people last year, with the biggest wealth gains for the richest of the rich, per a recent Altrata report.

German firms back tougher EU trade measures on China despite business risks

More than half of German companies said the European Union should take stronger trade measures against China even if their own businesses would suffer higher prices, tariffs or retaliation, according to a survey of about 1,300 German firms published by the German Chamber of Commerce and Industry (DIHK) on Thursday. That tougher stance comes despite many German companies acknowledging their reliance on Chinese supply chains and production sites for their own competitiveness. Among companies with...

THC drinks could soon be harder to find as Congress delays hemp ban again

THC drinks are booming as an alcohol alternative, but a looming federal crackdown is squeezing makers, distributors and consumers.

China pushes to speed up key infrastructure builds amid investment declines

China’s top economic planner has held meetings over two consecutive days on accelerating major construction projects, signalling urgency over bolstering fixed-asset investment as economic momentum slows. The National Development and Reform Commission (NDRC) met with representatives from several ministries on Thursday to review the progress of the 109 major projects proposed under the country’s latest five-year plan. Officials called for accelerating the implementation of ongoing projects and...

US-China AI agreement, G20 trade spat, inflation data

The United States and China joined other G20 nations in supporting light-touch regulation for artificial intelligence (AI) this week, creating rare agreement between the tech rivals and a potential foundation for further discussions ahead of an upcoming presidential summit. G20 nations agreed to adopt sector-specific rules for AI and avoid creating new AI regulators at a meeting in North Carolina. The Carolina Principles also call for close cooperation between governments and developers in...

Prosecco, cakes and beauty products - how to get birthday freebies and why there's a catch

Cake, coffee, make-up and burgers are just some of the free things you can get on your birthday.

Another Chinese EV maker joins grid in Europe, with Xiaomi to launch sales next year

Chinese tech firm Xiaomi will start selling electric cars in Europe next year, it announced at a consumer electronics trade show in Berlin on Thursday, adding to the growing list of Chinese carmakers expanding into the European market despite EU tariffs on China-made electric vehicles (EVs) and growing wariness across the bloc. Xiaomi Auto, the group’s EV arm, said it would enter several European markets including Germany, where it had signed agreements with eight car dealer groups to build a...

From 'dog fruit' to darling: India's avocado boom

Demand for avocados is booming in India and local growers hope to grab more of the market.

China’s solar, wind innovations amid rapid green power buildout

Even as China installs new solar and wind power capacity faster than the rest of the world combined, it is setting new benchmarks for the technologies through innovation. This year alone, Chinese companies and researchers have generated the first electricity from high-altitude winds 4,000 metres above Earth, cleared the last hurdle to commercialising a cheaper and more efficient alternative to silicon solar panels, begun trials of the world’s most powerful floating and fixed-bottom offshore wind...

How China Works author on the data economy, robots and AI

How China’s AI race is shrinking job market, forcing workers into low-paid, manual roles

For four years, Beijing-based Clare Zhang worked as a research analyst at a corporate advisory firm, helping companies assess technologies and competitors for projects they planned to list – until late last year, when she was told that artificial intelligence had reduced the number of analysts the company needed and could afford. Her job involved combing through company filings and public records to produce market and competitor studies that sometimes ran to 500 pages. But AI could increasingly...

Pipes, power and petaflops: what’s behind China’s massive ‘6 networks’ investment

China’s biggest economic buzzword this year could be the “six networks”, as Beijing aims to use infrastructure investment to inject fresh momentum into an economy facing persistent headwinds such as weak domestic demand and a prolonged property downturn. The scale is substantial, with investment expected to exceed 7 trillion yuan (US$1 trillion) this year alone, according to the National Development and Reform Commission (NDRC). During the five years through 2030, combined investment in just...

Automakers urge Congress to permanently ban Chinese connected vehicles in U.S.

Major automakers in the U.S. are urging Congress to ban the domestic sale, import and manufacturing of Chinese connected vehicles, hardware and software.

ChargePoint CEO says 70% stock surge 'is the beginning of the momentum'

The infrastructure company is toward the end of a three-year business plan that has boosted revenue and significantly cut the company's losses.

NFL set for first-ever game in Melbourne, Australia, in international expansion

The San Francisco 49ers and the L.A. Rams are playing the NFL's first-ever game in Australia, marking an expanded push to grow the game internationally.

Billionaire family offices back healthcare and biotech startups in August

The personal investment firms of titans like Stanley Druckenmiller are backing innovations in gene editing, drug discovery and more.

Beijing bets on a US$1 trillion sports boom to revive consumption, job market

China plans to expand the scale of its sports industry to at least 7 trillion yuan (about US$1 trillion) over the next five years, turning to sporting events, outdoor activities and fitness spending to boost consumption and support local economies. The fresh target was detailed by officials at a press conference on Thursday as part of Beijing’s 15th five-year plan for the sports sector, and the goal represents a big jump from the 3.84 trillion yuan recorded in 2024, according to the most recent...

China prepares next phase of national SME fund to boost tech start-ups and IPOs

China will soon launch the second phase of a National SME Development Fund with a focus on IPO incubation and channelling private capital into backing innovative, early-stage entities and projects with long-term prospects in hard tech. The fund’s second phase was confirmed as the Ministry of Industry and Information Technology (MIIT), together with nine other ministries and agencies, released China’s 15th five-year plan for promoting the development of small and medium enterprises (SMEs). The...

EU, China talk trade as Europe’s deadline for action looms

European Union and Chinese officials have been holding talks in Beijing ahead of the bloc’s October deadline for seeing “tangible results” in efforts to curb a trade deficit running at €1 billion-plus (US$1.2 billion) per day. Denis Redonnet, the EU’s top trade enforcer, has led the European delegation, the South China Morning Post reported on Wednesday. The official has recently become the bloc’s point person for China trade, reflecting growing trade tensions and the possibility of a trade...

Dutch advisory council urges EU to seek China deal – but brace for backlash

The Netherlands and the EU should press for a trade deal with China to address imbalances, but must be ready to consider measures that could invite retaliation – and bear the associated costs – according to members of a council that advises the Dutch government. The recommendation marks a significant shift in mindset for one of the European Union’s most committed free-trade nations as the next round of China-EU trade talks in October approaches. Both sides traded fire again this week, with EU...

Chinese central bank chief’s remarks at G20

People’s Bank of China Governor Pan Gongsheng rejected criticism of China over global trade imbalances at the G20 finance meeting in Asheville, North Carolina. Below is the statement released by the Chinese central bank summarising the speech.

China rejects G20 trade-imbalance claims, says no need to devalue yuan

China has fired back at critics of its trade imbalances at a Group of 20 gathering, with the central bank firmly denying that Beijing deliberately pursues trade surpluses, while also vowing that it would not weaponise the yuan to boost exports. In the face of concerns over export reliance, People’s Bank of China governor Pan Gongsheng said the country remained committed to expanding domestic demand, state broadcaster CCTV reported on Wednesday. “Addressing global imbalances requires all...

China’s Xi seeks trade routes in Egypt, Central Asia to bypass tariffs and Western rules

President Xi Jinping’s journey from Central Asia to Egypt highlights Beijing’s efforts to strengthen alternative trade, energy and manufacturing networks across Eurasia and Africa, analysts said, as wars and tariffs expose a reliance on vulnerable supply routes and overseas markets. Xi arrived in Egypt on Tuesday for his first visit in 10 years after attending a summit of the Shanghai Cooperation Organisation (SCO) in Bishkek, Kyrgyzstan, where state leaders including Indian Prime Minister...

Why wait? Business grads buying firms to install themselves as CEO

Impatient to be the boss of an established company they are borrowing money to fund their purchases.

Chinese students, wary of geopolitics, seek international diplomas without leaving home

One Shanghai family made an unconventional choice as they pored over college options this summer: rather than opting for overseas study or one of the many institutions within the borders of the financial centre, they picked a lesser-known university in a third-tier city – a Sino-foreign joint venture they felt would confer career benefits in the long run. Rose Hu said her son gained admission to the Guangdong Technion–Israel Institute of Technology in the coastal city of Shantou to study...

Southwest to debut airport lounges in four cities, with more to come

The airline is partnering with Chase on the effort, saying it wants to build on that company's Sapphire Reserve Lounge Network.

Ford's production of highly profitable Super Duty trucks hits 20-year high as it recovers from supplier fires

Ford reported its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.

China dealt blow as US-backed firm takes over Venezuelan oilfields

A US-backed company’s takeover of Venezuelan oilfields, some of which were previously managed by Chinese firms, has dealt a blow to Beijing’s oil-backed loans and yuan trade networks, analysts say. Through North American Blue Energy Partners (NABEP), a private company, the White House said the US had secured access to oilfields with 65 billion barrels of proven reserves in Venezuela – around one-fifth of the Latin American country’s total supply – including sites previously operated by Chinese...

American Airlines continues premium push with redesigned Boeing planes

American Airlines is adding its most premium seats to its largest planes, which it uses for its most popular long international flights.

China’s Inner Mongolia pitches affordable homes, fast train to lure Beijing commuters

Inner Mongolia autonomous region’s government is launching a campaign to lure homebuyers from Beijing, pitching the area’s cheaper housing and high-speed rail links amid an artificial intelligence (AI) data-centre boom that is driving up demand for talent and investment. The region’s housing authority, together with officials from Hohhot, Chifeng, Ulanqab, and Duolun county, concluded a three-day property showcase titled “I Have a Home in the Grasslands” in Beijing on Monday, according to the...

China’s US$10.8b trade short cut: new Pinglu Canal prepares to supercharge Asean shipments

Aptly dubbed the Pinglu 001, the first command and management vessel for the Pinglu Canal was delivered on Monday and will soon enter service as China prepares to open the strategic waterway designed to support surging trade with Southeast Asia. The delivery marks one of the final steps before the 72.7 billion yuan (US$10.8 billion) megaproject is expected to officially open later this month after years in the making. The canal is a signature project for the world’s second-largest economy as it...

BYD, Leapmotor buck EV market slowdown as pressure piles up on small rivals

Top performers BYD and Leapmotor clawed their way up higher in terms of sales last month, even as China’s electric vehicle (EV) market was shrinking amid weaker consumer demand. However, smaller players were expected to face falling sales and mounting losses for the rest of the year as competition got fiercer, according to analysts. BYD, the world’s largest EV builder, saw its sales in August surge to the highest in nine months, climbing 17.8 per cent from a year ago to 440,293 units, it said in...

China cuts thousands of Japan flights as strained ties send travellers elsewhere

Thousands of scheduled flights from mainland China to Japan were scrapped during a record-breaking summer travel season for domestic carriers, as travellers pivoted to other Asian destinations amid strained diplomatic ties. A total of 2,312 flights were cancelled in July and August, accounting for 30.7 per cent of scheduled flights, according to aviation data provider Flight Master DAST. July saw 1,195 cancellations, or 31.4 per cent of scheduled flights. Chinese airlines shifted capacity...

Beyond coal: China’s installed solar power capacity crosses historic threshold

Solar power has overtaken coal as China’s largest source of installed power generation capacity for the first time, marking a landmark shift in the world’s largest energy market, according to government data. By the end of July, China’s installed photovoltaic capacity had reached 1,286 gigawatts, accounting for 31.5 per cent of the total, the National Energy Administration (NEA) reported on Tuesday. The agency called the milestone a “signature achievement” in China’s green and low-carbon energy...

Stan Kroenke agrees to buy MLB's Angels, valuing team and regional network at $4 billion

Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires.

How one of the largest investors in student housing is playing this school year

Mike Gordon of Harrison Street Asset Management said funding cuts and enrollment trends are making specialization more vital than ever.

Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot

Whatnot and TikTok are tapping into its potential livestream shopping in the U.S. after a decade of massive success in China.

China’s Li pledges to address US firms’ ‘reasonable concerns’ at Beijing meeting

Chinese Premier Li Qiang has urged US companies to deepen their presence in China, pledging to address their concerns while calling on Washington to reciprocate, as Beijing gears up for President Xi Jinping’s planned visit to the United States later this month. The remarks came as Li met a delegation from the US-China Business Council – led by its chair, Visa CEO Ryan McInerney – at the Great Hall of the People in Beijing on Tuesday. Li said China would address the “reasonable concerns” of US...

OneRail launches AI platform with Nvidia for retailers to make faster delivery decisions

Last-mile delivery company OneRail is launching a new platform with Nvidia to use AI to help retailers make faster and more efficient delivery decisions.

Toyota's hybrid RAV4 is in demand as dealers wait for more supply

When Toyota announced the new version of its SUV, it said the RAV4 would only be available as a hybrid and that production would be limited at first.

Trump strikes new drug pricing deals with nine midsized drugmakers

The string of deals builds on the Trump administration's push to link the nation's drug prices to cheaper ones abroad.

Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

The expectation had been for falling rates this year, but the war with Iran and its resulting rise in oil prices upended that.

The 'choose your own adventure' earnings: Why retailers are handling tariff refunds so differently

Retailers have diverged on how they've reported tariff refunds in their earnings this quarter, with some choosing to lower prices and others boosting margins.

Manhattan's luxury rental market is booming, with units reaching $100,000 a month

New York City brokers said they've seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.

'My parents won't lend me £10k but helped my brother': When families play financial favourites

So-called financial favouritism can cause jealousy and resentment long into adulthood. Here is how experts say you can avoid it

Overcooked? Why robotic pizza makers are failing

A string of failures has sapped confidence that robots will take over production at pizza restaurants.

How Dolly Parton's business savvy helped her succeed far beyond the charts

While country music and films brought her fame, her entrepreneurial zeal brought her fortune.

Firms scramble for battery power in Spain and Portugal

After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.

Drought leaves 'barely any apples' to make cider

Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.

'What you see is what you pay' - why some US restaurants are banning tips

Tips are central to US dining culture but some eateries think that they are unfair.

How landscape gardening is being electrified

The switch to quieter electric equipment is not going as fast as some would like.

Why the UK is dithering over what to do about e-scooters

Why is it taking so long for the government to regulate them, and what are the consequences of delay?

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 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?

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