China’s campaign to improve the financial performance of listed SOEs comes as Japan’s stock market is benefiting from corporate governance reforms. However, China is not Japan. Beijing is battling a structural downturn, and corporate governance reforms alone are not going to turn sentiment around.

Paramount and Skydance inch closer to a merger as key hurdle looms, sources say

Paramount Global and Skydance are getting closer to final terms on a merger agreement, sources told CNBC, but a renewal with Charter remains an obstacle.

Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025

Southwest Airlines is one of Boeing's biggest customers and flies only 737s.

Open seating no more? Southwest CEO says airline is weighing cabin changes

Southwest stands apart from other large airlines because it does not have seat assignments.

Professional pickleball signs first international deal, looks to grow the sport in India

Pro pickleball is looking to world's most populous country for its continued growth.

The National Enquirer’s Parent Company Struggles To Find A Buyer

The parent company of The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn’t been easy.

Southwest Quits Four Airports in Cost-Cutting Drive

The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.

Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss

Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.

Honda to build $11 billion electric vehicle hub in Canada

Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.

Comcast beats earnings estimates even as it sheds more broadband subscribers

Comcast beat first-quarter earnings expectations on Thursday.

Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales

The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.

US economic growth slows but inflation grows

The world's largest economy grew less than expected but rising inflation may delay a rate cut.

American Airlines swings to a loss, but tops estimates for Q2 forecast

American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates.

Will Labour’s plan make train tickets cheaper?

What impact will Labour's pledge to nationalise the railways have?

Wall Street’s Patience for a Costly A.I. Arms Race Is Waning

A sell-off in Meta’s stock after the company disclosed huge investments in the technology may be a sign of investor fears about tech giants’ spending.

Red Lobster seeks a buyer as it looks to avoid bankruptcy filing

Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.

China preps for clampdown on financial crimes with new version of anti-money-laundering law

China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.

Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services

Among the company's investments to "transform" its specialty pharmacy services is the opening of a new facility dedicated to cell and gene therapy services.

Climate disclosures: China’s ESG rules for listed firms could spur private firms to set net-zero targets, analysts say

‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader

China’s food security push catches ‘grain-stealing mouse’ among 5 accused of US$3.45 million corn theft

Police in northern China have detained five people for allegedly colluding to steal about 10,000 tonnes of corn amid Beijing’s increasing focus on food security.

Chinese, US corporate leaders propose to defuse trade tension on supply chain, new-energy vehicles at Apec’s business lobby

The plan would next be submitted to the relevant ministries in each of the 21 member economies of Apec before appearing on the agenda of the Apec Leaders’ summit in Lima in the week of November 10.

Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes

A little over a year ago, Chipotle announced the opening of its first Farmesa location.

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

Chipotle posts big earnings beat as diners shake off higher prices

The burrito chain said traffic increased 5.4% in its first quarter.

China’s central bank drops hints at future bond trades, answering calls for muscular monetary action

The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the question.

Ford tops first-quarter earnings estimates as commercial unit offsets EV losses

Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis

Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

US overtakes mainland China as Taiwan’s main export market, sign of ‘strategic shift’ amid tech decoupling

Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.

Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up

Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.

US sanction threats against Chinese banks over Russia trade ties risk ‘gargantuan’ financial instability

Reports suggest US has discussed sanctions on some Chinese banks over their trade with Russia, but analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade.

Goldman Sachs says escalating price war in China’s EV market could ensnare BYD, push sector into losses

Further discounts offered by carmakers in a price war in mainland China’s electric vehicle market could ensnare even the likes of top seller BYD, Goldman Sachs says.

Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence

Foot Locker unveiled its "store of the future" concept that will inspire the revamping of 900 stores the sneaker retailer is planning over the next two years.

More than 3 million Medicare patients could be eligible for coverage of Wegovy to reduce heart disease risks, study says

For the first time, some Medicare beneficiaries will be able to access Novo Nordisk's Wegovy without having to shoulder the total monthly price tag.

Western protectionism will fail – China’s success isn’t down to subsidies

Complaints of Chinese overcapacity and dumping may be useful in justifying US, EU subsidies and trade barriers but China’s success is really due to its innovation and scale.

Meaty economic indicator? China’s distressed pig farmers eye turnaround

Chinese farmers are keeping the fewest pigs for breeding since 2020, raising hopes of sustained profitability after years of losses. But the turnaround may not speak to the broader economy, analysts say.

China’s durian output to quadruple in 2024, processing poised to permeate with demand ‘on a rapid rise’

Chinese-produced durian is set to be available to the public in July, with production from the tropical island of Hainan likely to reach 200 tonnes this year, although Thailand and Vietnam are set to remain the largest sources.

Brace for ‘third wave’ of China bond defaults amid high financing costs, slow growth and tighter state policies, S&P says

China could face a third wave of corporate bond defaults, induced by high financing costs, slow economic growth and tighter government policies, S&P analysts said. Local government financing vehicles may be the weakest link.

China is running a full-court press for global arbitration clients. What’s the verdict so far?

As China works to sell itself as a viable destination for international firms to air their disputes through arbitration, more must be done for these efforts to meet with success, analysts and professionals say.

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.

China, Europe can look past disputes to cultivate food trade, EU agriculture commissioner says

Though trade ties have taken a hit in other areas, the EU’s agriculture commissioner says a stronger relationship between China and Europe can and should exist in food and farming products.

China’s ‘extreme’ national security focus a drag on business, US trade group says

A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.

Cross-border synergy with China can help US more quickly adopt EVs

Despite US fears about an overcapacity in Chinese green teach, China’s market share of solar modules and electric vehicles is smaller than that of other competitors. “Cooperative competition” between manufacturers can help both countries synergize their green industry transitions.

How robots are taking over warehouse work

At Ocado's newest warehouse robotic arms are helping to pack customer orders.

Canton Fair: overseas buyers pour in, leaving Chinese exporters to ask ‘why so many foreigners?’

Foreign buyers have returned to China’s largest trade exhibition, drawn by the array of new energy vehicles and other green products on offer at the Canton Fair.

Train strikes: How May's disruption affects you

Train drivers are staging strikes and an overtime ban around the May Bank Holiday.

China’s campaign to win investment wavers as overseas capital plays waiting game

Despite its attempts to woo back foreign investment, China has yet to see a hoped-for return of overseas capital as enterprises express hesitation to jump back into the fray.

Tesla’s closest Chinese rival, Li Auto, slashes prices as EV discount war spreads to premium market

Li Auto , Tesla’s nearest rival in mainland China, reduced the price of all its vehicles by up to 5.7 per cent, just a day after the US carmaker offered discounts to local customers amid an escalating discount war.

How can China remedy deflation risks without ditching long-held economic strategy?

Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.

How Chinese firms are using Mexico as a backdoor to the US

Chinese firms are racing to set up factories in Mexico to bypass US tariffs and sanctions.

China trade body vows legal action over ‘unreasonable’ US Section 301 probe into Chinese shipbuilders, maritime firms

China’s trade promotion body CCPIT calls move ‘discriminatory’, blames ‘lack of competitiveness’ for US shipping industry downturn.

China’s king-of-the-hill status shaky as offshore exploration diversifies rare earth supply chain

With more countries searching for – and finding – stores of rare earth minerals, China’s former near-monopolist role in the trade of the metals is gradually being eroded.

Shining example: how China is propelling gold’s record-breaking rally

Wars in the Middle East and Ukraine, and continuing lower US interest rates have burnished gold’s billing as an investment, but it is the unrelenting Chinese demand that is juicing the rally.

Former China central bank official warns against miscategorising ‘virtual economy’

China must emphasise modern services in its push for new productive forces, Sheng Songcheng says, flagging the need for a hi-tech, high-quality service sector.

Can AI help solve Japan’s labour shortages?

Japan is seeing if artificial intelligence can tackle its increasing shortfall of workers.

With China’s EV sector at top speed, Beijing eyes ‘economical’ hydrogen-power vehicles amid green energy transition

China is the world’s top producer and consumer of electric vehicles, and Beijing is now seeking the lead in hydrogen-powered vehicles.

Why Germany has little choice but to continue to cosy up to China

The ugly truth is that the power of Germany’s economy is heavily connected to its business relationship with China and, with that, Scholz’s political fortunes

China’s drought-hit Yunnan braced for ‘worst case scenario’ as key grain, power, aluminium hub faces worst dry spell in 60 years

Rainfall in the southwest province of Yunnan, which is one of China’s leading hydropower producers, fell by 42.3 per cent compared to normal levels this year.

China penalises US acid imports in retaliatory move as trade relations grow caustic

China has revealed hefty penalties on imports from the US of an acid used as a preservative as trade relations between the two countries appear likely to return to an outwardly acrimonious track.

Li Auto takes on Tesla’s Model Y by pricing new L6 SUV deliberately lower as cutthroat discounts persist in China

Beijing-based Li Auto has priced the new L6 SUV from 249,800 yuan (US$34,509) onwards, 5 per cent cheaper than Tesla’s popular Model Y.

Why a deluge of Chinese-made drugs is hard to curb

Thousands of Chinese companies are making synthetic opioids and shipping them around the world.

'AI helps me to make wine for younger drinkers'

The winemakers using artificial intelligence to help them grow grapes and blend their wines.

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Peacock streaming subscription prices to increase by $2 ahead of the Summer Olympics

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Skydance Offers Paramount a Merger Sweetener: A $3 Billion Cash Infusion

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US probes Ford hands-free driving tech after crashes

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Musk in China to discuss enabling Full Self Driving

Chengdu becomes latest major Chinese city to unveil housing market support measures, scraps home purchase qualifications

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Blade Now Offers a $275 Bus Ticket to The Hamptons

With ‘Challengers’ and ‘Saltburn,’ Hollywood Movies Embrace Sex Again

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Premier Li Qiang meets Elon Musk in Beijing, raising hopes of Tesla’s autonomous driving push

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