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

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

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

Why China Is Suddenly Obsessed With American Poverty

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

Trump Administration Nears Trade Deal With Taiwan

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

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

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

Popularity of ‘Heated Rivalry’ Has Surprised Even TV Executives

The show, streaming on HBO Max, doesn’t have one of the biggest audiences, but viewership grew very quickly in just a few weeks.

Labor Secretary’s Aides Placed on Leave in Misconduct Investigation

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

A Top Fed Official Conveys Little Urgency for Immediate Rate Cuts

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

Fed Changes Course and Takes On Trump’s Political Fight

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

Why are more bosses sharing the top job?

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

Trump’s Feel-My-Pain Economic Message

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

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

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

Elon Musk’s X Under UK Investigation Over Grok’s Sexualized A.I. Images

A British regulator said it had started a formal investigation into Mr. Musk’s chatbot over the spread of illegal images.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Trump plan to cap credit card costs hits bank shares

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

Allegiant to Buy Sun Country Airlines in $1.5 Billion Deal

The combination of the two small, budget airlines comes as low-cost carriers have struggled with high costs and competition.

Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies

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

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

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

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

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

Paramount Threatens Board Fight Over Warner Bros. Discovery

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

Former Fed chairs condemn criminal investigation into Jerome Powell

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

Europe and China Take Step to Resolve Dispute on Electric Vehicles

The European Commission allowed carmakers to volunteer limits on their imports from China instead of paying tariffs, an arrangement that could help Volkswagen.

Instagram denies breach after many receive emails asking to reset password

The social media platform has said there was "no breach of its systems" but questions remain.

US justice department opens criminal probe into Fed chair

Jerome Powell said he believed the investigation was due to Donald Trump's anger over the Fed's refusal to cut interest rates.

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

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

Bird Flu Viruses Raise Mounting Concerns Among Scientists

Researchers are not just worried about the virus popping up on American farms. Other types are causing trouble around the world.

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

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

The Potential Fallout From a Legal Attack on Powell

A criminal investigation into Jay Powell, the Federal Reserve chair, may be the most consequential attack yet on the central bank’s political independence.

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

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

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

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

Library runs coffee mornings to tackle isolation

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

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

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

Heineken boss steps down as beer sales slow

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

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

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

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

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

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

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

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

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

Vets under corporate pressure to increase revenue, BBC told

Questions have been raised about whether the pet-care market is giving customers value for money.

Malaysia and Indonesia block Musk's Grok over explicit deepfakes

Sexualised images of real people generated by Grok have circulated on X in recent weeks.

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

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

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

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

How Gen Z Investors Went from Meme Stocks to Index Funds

Some Gen Z-ers first entered the markets during the pandemic’s meme stock craze. They have since become more patient investors.

Why luxury carmakers are now building glitzy skyscrapers

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

Podcasts Hit the Golden Globes: Nominees Include ‘Call Her Daddy’ and More

The annual awards show will anoint a best podcast for the first time this year, a sign of the industry’s increasing status in Hollywood.

Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax

More large donations from wealthy Silicon Valley figures are expected as they try to marshal opposition to a proposed ballot measure that would impose a new tax on billionaires.

Malaysia and Indonesia Block Access to Grok Because of Sexually Explicit Content

Grok, the chatbot created by Elon Musk’s artificial intelligence company, has produced a flood of explicit images featuring real people in recent weeks.

$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure

During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.

How a Puzzling 401(k) Plan Changed One Woman’s Life

Eryn Schultz was an H-E-B grocery store leader with an M.B.A. A slow pivot toward a big career change began when she found her retirement plan wanting.

Potholes map rates council road repair progress

Thirteen local authorities received a "red rating" on the Department for Transport mapping tool for England.

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

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

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

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

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

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

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

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

The FTSE 100 has hit a record high. Is now the time to start investing?

As the FTSE hits the 10,000 mark, the chancellor is encouraging more of us to become investors - but is it the right time?

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

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

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

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

Google employee made redundant after reporting manager who showed nude of wife, court hears

Victoria Woodall claims she was retaliated against after reporting a manager who told clients stories about his swinger lifestyle.

Trump seeks $100bn for Venezuela oil, but Exxon boss says country 'uninvestable'

Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception

President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.

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

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

Musk says X outcry is 'excuse for censorship'

The government is urging Ofcom to use all its powers – up to and including an effective ban – against X.

The Boss Who Hates Sick Day Requests

Plus, the impossibility of being a middle manager.

Neon, an Indie Studio With an International Bent, Tops Globes Nominations

Neon scored more film nominations at the Golden Globes than any other studio this year with a slate of six non-English language films.

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

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

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

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

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

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

Volkswagen Suffers More Than Rivals From Auto Industry Woes

The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.

Trump Wants 10% Cap on Credit Card Interest Rates, After Killing Other Fee Limits

The president revived a campaign promise he has not actively pursued since taking office.

'Out of stock': What went wrong at luxury retailer Saks?

Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, is expected to imminently file for bankruptcy protection, leaving questions about the retailer's future.

E.U. and South America to Form Free-Trade Zone With 700 Million People

The agreement represents a push for deeper global cooperation, in contrast to the United States’ turning to coercion in its dealings with other countries.

'Unprecedented' numbers seeking debt help post-Christmas, say charities

Debt charities say that calls have risen compared with last year as people are urged to seek help.

U.S. Hiring Continues at Modest Pace, but Weaknesses Are Evident

The unemployment rate fell in December, but job growth across 2025 was the lowest in five years.

Jobs Report Shows U.S. Hiring Slowed One Year Into Trump’s Second Term

As economists pointed to some of the president’s policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.

Grok, Elon Musk’s A.I., Is Generating Sexualized Images of Real People, Fueling Outrage

Late Thursday, Mr. Musk’s chatbot, Grok, limited requests for A.I.-generated images on X to paid subscribers of the social media site amid an outcry from victims and regulators.

How IMAX crushed other theater stocks in 2025

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

X Sues Music Publishers, Alleging ‘Collusion’ Over Licensing Deals

The social media platform says it was pressured into licensing agreements for songs “at inflated rates.” In 2023, publishers sued the company for copyright violations.

Trump Seeks New Powers to Pressure ‘Underperforming’ Weapons Makers

In an executive order, President Trump is aiming to punish defense contractors that don’t deliver weapons quickly enough.

Bill Gates Makes a Multibillion-Dollar Divorce Payout

The billionaire and philanthropist has made a nearly $8 billion payment to the private foundation of his ex-wife, Melinda French Gates, tax filings show.

Glencore and Rio Tinto Restart Talks to Create a Mining Giant

The negotiations come amid an increase in deal-making across the mining industry as demand for copper and other metals soars.

EU reaches South America trade deal after 25 years of talks

Some farmers in Europe opposed the deal, but the EU Commission said it had listened to their concerns.

Trump Is Making a Power Play in Latin America. China Is Already There.

China built a dominant strategic position in the region as the leading lender and trading partner. It is watching President Trump’s next moves closely.

US job creation in 2025 slows to weakest since Covid

Employment growth for the world's largest economy eased significantly last year.

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

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

With ‘The Rip,’ Netflix Makes an Exception for Ben Affleck and Matt Damon

The streaming giant agreed to pay the entire production crew of the pair’s new movie a bonus if the film performs well on the service.

US calls Argentina peso bet a 'homerun deal'

The US Treasury Secretary said the US no longer held pesos in its exchange stabilisation fund.

Venezuela’s Oil Industry: A Timeline of Key Events

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate

Cox Automotive expects wholesale prices on the Manheim Used Vehicle Value Index will end this year 2% higher than December 2025.

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

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

Google Co-Founders Sergey Brin and Larry Page Reduce Ties to California

Sergey Brin is joining his Google co-founder, Larry Page, in reducing ties to the state where they built their fortunes.

Will Stock Markets Sizzle Into 2026?

Returns have been fabulous but consider the potential for setbacks in this already hazardous year, our columnist says.

What to know about the report.

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

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

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

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

December’s Jobs Data Reinforces Fed’s Cautious Approach to Future Cuts

For the central bank to lower interest rates again, officials will likely need to see more notable signs that unemployment is rising.

How to Make, and Keep, New Year’s Financial Resolutions

Experts offered a variety of suggestions, including paring your list of goals, making saving automatic and avoiding spending temptations like marketing emails.

China cautions against ‘compound errors’ from clashing policies

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

Nicolai Tangen Manages Trillions of Dollars, but His Podcast Made Him Famous

Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle.

Wary of Investing in Venezuela, Big Oil Heads to the White House

The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.

Businesses call to be included in any pub rates backtrack

Shops, pharmacies and music venues want any climbdown on business rates for pubs to apply to them too.

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

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

China to probe food delivery platforms under anti-monopoly law

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

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

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

Ofcom urged to use 'banning' powers over X AI deepfakes

It follows an ongoing backlash against the use of X's AI Grok to digitally remove clothing from images.

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

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

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

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

Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds

The move, a bid to make homes more affordable, would be a back-to-future moment for the two mortgage firms. Buying risky mortgage bonds helped push them to near-bankruptcy in 2008.

Excel: The software that's hard to quit

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

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

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

Democratic lawmakers ask for an investigation of the Middle East envoy Steve Witkoff.

The request by a group of Congress members cites reporting by The Times and echoes a similar request by Democratic senators in September.

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

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

Polymarket Won’t Pay Users Who Bet on a U.S. Invasion of Venezuela

Polymarket users bet on whether the U.S. would invade Venezuela, but the prediction market said the Venezuelan president’s capture did not constitute an invasion.

G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions

General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.

RFK Jr.'s new food guidelines could boost beaten down fast-casual chains like Chipotle and Sweetgreen

The restaurant industry had mixed reactions to new federal nutrition guidelines, which recommend reduced intake of processed foods and sugary drinks.

California's controversial wealth tax proposal leaves billionaires with little way out

The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.

Weight loss jabs affecting Greggs, boss says

The Greggs boss says there is "no doubt" weight loss jabs have led it to having a healthier menu.

Family office deals cooled off in December, but heirs placed bets in health and media

Investment firms of the ultra-rich didn't jump into the M&A frenzy during the holiday season.

WBD once again rejects Paramount offer in favor of Netflix deal

Warner Bros. Discovery's board still sees its deal with Netflix as the superior option over Paramount's recently amended hostile offer.

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

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

Real estate agents say the housing market is starting to balance out

The latest housing survey shows agents slightly more optimistic about the new year, and shows a previously strong buyer's market becoming more balanced.

The Inquiry

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

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

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

Inside the sub-zero lair of the world's most powerful computer

Faisal Islam gets rare access to Willow - Google's quantum computer.

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

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

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

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

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

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

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028

The target brings Ford into a race against competitors such as Tesla, General Motors and Rivian Automotive to develop and broadly launch such systems.

How tariff disruption will continue reshaping the global economy in 2026

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

JPMorgan Chase reaches deal to become Apple Card issuer as Goldman closes chapter on consumer foray

JPMorgan Chase has reached a deal to take over the Apple credit card from Goldman Sachs, the two banks said late Wednesday.

Alaska Airlines to buy more than 100 Boeing jets in carrier's biggest order ever

Alaska Airlines orders 105 Boeing 737 Max 10s and five 787-10 Dreamliners in carrier's biggest order ever.

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs

Upstart airline Avelo said it would stop flying deportation flights for ICE, citing unpredictable revenue and added costs.

RFK Jr. announces new nutrition guidelines, pushing more protein and less processed food

Health and Human Services Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins announced new nutrition guidelines.

How the new road safety measures could affect you

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

American Airlines keeps frequent flyer status requirements the same, following rivals

American Airlines is keeping frequent flyer status requirements the same for a third consecutive year.

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

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

Americans are changing where they're moving. Here's how that could affect commercial real estate

Americans are increasingly moving to smaller markets rather than urban cores as they seek cheaper housing and better quality of life.

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

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

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

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

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

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

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

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

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

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

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

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

Ford reports best annual U.S. vehicle sales since 2019

Ford reported sales of 2.2 million vehicles in 2025, including a 2.7% uptick to more than 545,200 units during the fourth quarter.

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

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

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

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

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

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

China premier urges Guangdong to ignite economic growth amid intensified competition

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

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

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

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

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

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

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

China plans 19% high-speed rail expansion by 2030 amid global dominance in the sector

Beijing is looking to expand China’s world-leading network of high-speed trains by 19 per cent within five years in an ongoing bid to boost connectivity across the country. The national railway operator unveiled the blueprint on Sunday to expand the country’s operational rail network to around 180,000km (112,000 miles) by 2030 – with high-speed routes totalling 60,000km and accounting for one-third of the full network – as part of the country’s infrastructure push under the nation’s 2026–2030...

Will Hong Kong, mainland property see a recovery in 2026? Don’t bet on it

A cursory glance at Asia’s commercial real estate leasing and investment markets shows that mainland China and Hong Kong are the weakest links. With the exception of Ho Chi Minh City and Taipei, mainland China’s first-tier cities and Hong Kong are the only markets that will experience a decline in office rents this year, according to Knight Frank data. In the investment market, while transaction volumes across the Asia-Pacific increased 7 per cent in the first three quarters of 2025, they fell...

After Trump’s Venezuela takeover, China’s investors prep for Latin American era of anxiety

Chinese companies operating in Latin America are bracing for greater uncertainty rather than an abrupt rupture, as Washington moves to reassert dominance in the western hemisphere following the ousting of Venezuelan President Nicolas Maduro, according to analysts. This sense of caution comes amid intensifying US efforts to curb China’s footprint in strategic resources, infrastructure and trade across the region. “There is little doubt that a Trump-style Monroe Doctrine is aimed squarely at...

US dollar, gold rise after Maduro abduction as investors seek safe havens

Safe-haven assets, including gold and the US dollar, gained further traction after the United States’ abduction of Venezuelan leader Nicolas Maduro, while the Chinese yuan remained relatively resilient despite the stronger dollar. The spot gold price rose to more than US$4,420 per ounce early on Monday morning, before edging down to US$4,402 per ounce by midday, according to financial data provider Wind. Meanwhile, the US dollar index rose to 98.76 from 98.41 at the start of trading on...

‘Embrace the moment’: on China, Daniel Kritenbrink puts pragmatism first

Daniel J. Kritenbrink is a partner at The Asia Group. Previously, Kritenbrink served in the United States government as assistant secretary of state for East Asian and Pacific affairs and ambassador to Vietnam. His diplomatic career spans three decades and includes assignments in Japan, China, Kuwait and Washington. In this interview, Kritenbrink discusses the many nuances of the US-China relationship, from cooperation to competition to rivalry, and argues both countries should weigh the...

Why China is still struggling to ‘invest in people’

As 2026 dawns, China has signalled a renewed crusade: persuading its citizens to spend more, for their own benefit and for the country’s. Yet history offers a cautionary tale. China’s leaders have long harboured an ambivalent relationship with consumption as a growth engine, instead favouring production and investment. This time, though, the signals suggest a deeper resolve. The gravity of this pivot is underscored by Qiushi, the Communist Party’s flagship publication, which last month published...

US removal of Maduro has potential to reshape global oil market: analysts

The United States’ seizure of Venezuela’s president, Nicolas Maduro, has the potential to reshape the global oil market, as America gains effective control over a country with the world’s largest proven oil reserves, analysts said. While crude prices may rise marginally in the short term, the move could boost long-term supplies and tighten the US’ grip over the oil market at a time when its position was starting to look more vulnerable, they said. “Once the US gains control of the country,...

Property industry remains an enemy within for Beijing’s economic targets

The slumbering property sector remains a threat to China’s economic growth because of its huge impact on the employment rate and consumer demand, according to industry officials and analysts. Amid sharp declines in property investment, housing sales and home prices last year, a further downturn of the significant sector may put more developers, workers, homebuyers and banks at risk. In the first 11 months of 2025, new properties worth 7.5 trillion yuan (US$1.07 trillion), comprising units for...

China’s wealthy swap real estate for insurance, gold as retirement looms

Since 2020, Li Jiang, a veteran manufacturing entrepreneur from Guangdong, has been selling off his properties one by one – a move that once puzzled many of his friends. For decades, real estate had been the ultimate “anchor” for retirement planning and wealth transfer among China’s high-net-worth families. At his peak, Li concentrated much of his wealth in property, owning seven assets ranging from CBD apartments to high-end suburban villas. These were intended partly for retirement and partly...

Weak year-end sales cloud China’s EV outlook, keeping price-war fears alive

Lacklustre sales at the end of 2025 will bode ill for the Chinese electric vehicle (EV) market this year, with low-priced carmakers under pressure to offer further price cuts amid an adjusted trade-in subsidy mechanism. A bleak outlook could also prompt authorities to rein in a discount war as few assemblers are able to post profits. “As deliveries failed to live up to expectations, all major players would have to slash prices of their vehicles to reduce their inventories at the beginning of...

How the defence sector is battling a skills crisis

Attracting younger workers into the defence industry can be challenging.

The Inquiry

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

Swedish workers trial 'friendship hour' to combat loneliness

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

The showers and baths keeping data centre tech cool

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

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

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

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

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

Will tech trump tradition at bakers and biscuit makers?

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

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

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

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

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

Meet the biggest heat pumps in the world

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

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

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

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

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

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

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

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

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

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

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

Why China Is Suddenly Obsessed With American Poverty

Trump Administration Nears Trade Deal With Taiwan

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

Popularity of ‘Heated Rivalry’ Has Surprised Even TV Executives

Labor Secretary’s Aides Placed on Leave in Misconduct Investigation

A Top Fed Official Conveys Little Urgency for Immediate Rate Cuts

Fed Changes Course and Takes On Trump’s Political Fight

Why are more bosses sharing the top job?

Trump’s Feel-My-Pain Economic Message

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

Elon Musk’s X Under UK Investigation Over Grok’s Sexualized A.I. Images

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

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

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

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

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

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

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

Trump plan to cap credit card costs hits bank shares

Allegiant to Buy Sun Country Airlines in $1.5 Billion Deal

Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies

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

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

Paramount Threatens Board Fight Over Warner Bros. Discovery

Former Fed chairs condemn criminal investigation into Jerome Powell

Europe and China Take Step to Resolve Dispute on Electric Vehicles

Instagram denies breach after many receive emails asking to reset password

US justice department opens criminal probe into Fed chair

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

Bird Flu Viruses Raise Mounting Concerns Among Scientists

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

The Potential Fallout From a Legal Attack on Powell

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

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

Library runs coffee mornings to tackle isolation

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

Heineken boss steps down as beer sales slow

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

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

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

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

Vets under corporate pressure to increase revenue, BBC told

Malaysia and Indonesia block Musk's Grok over explicit deepfakes

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

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

How Gen Z Investors Went from Meme Stocks to Index Funds

Why luxury carmakers are now building glitzy skyscrapers

Podcasts Hit the Golden Globes: Nominees Include ‘Call Her Daddy’ and More

Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax

Malaysia and Indonesia Block Access to Grok Because of Sexually Explicit Content

$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure

How a Puzzling 401(k) Plan Changed One Woman’s Life

Potholes map rates council road repair progress

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

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

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

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

The FTSE 100 has hit a record high. Is now the time to start investing?

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

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

Google employee made redundant after reporting manager who showed nude of wife, court hears

Trump seeks $100bn for Venezuela oil, but Exxon boss says country 'uninvestable'

Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception

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

Musk says X outcry is 'excuse for censorship'

The Boss Who Hates Sick Day Requests

Neon, an Indie Studio With an International Bent, Tops Globes Nominations

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

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

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

Volkswagen Suffers More Than Rivals From Auto Industry Woes

Trump Wants 10% Cap on Credit Card Interest Rates, After Killing Other Fee Limits

'Out of stock': What went wrong at luxury retailer Saks?

E.U. and South America to Form Free-Trade Zone With 700 Million People

'Unprecedented' numbers seeking debt help post-Christmas, say charities

U.S. Hiring Continues at Modest Pace, but Weaknesses Are Evident

Jobs Report Shows U.S. Hiring Slowed One Year Into Trump’s Second Term