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Frederick Celani, Who Made a Career as a Con Man, Dies at 75
His frauds included a waterfront development in Buffalo, a civil rights law firm in California and a package delivery company in Springfield, Ill.
Read moreChinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.
Read moreStart-Up Founder Sentenced to 18 Months in Prison for Fraud
Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years.
Read moreTesla Will Recall Cybertruck in Latest Setback
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.
Read moreApple Says It Was Ordered to Pull WhatsApp From China App Store
Apple said it removed WhatsApp and Threads from its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and China.
Read moreHow France Is Fighting ‘Shrinkflation’
Merchants will be required to put signs in front of all products that have been reduced in size without a corresponding price cut.
Read moreStock Market Set for Longest Losing Streak in Months
A rally at the start of the year has given way to worries about economics and geopolitics on Wall Street.
Read moreLululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.
Read moreDrone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents.
Read moreOil price eases as Iran downplays attack
Oil prices eased after Iran said a missile strike from Israel did little damage.
Read moreMichael Abramowitz Named New Director of Voice of America
Michael Abramowitz, a former Washington Post journalist who is currently the president of the nonprofit Freedom House, is expected to start in the role this summer.
Read moreFAA will require more rest time for air traffic controllers amid fatigue concerns
Staffing shortfalls have led to forced overtime and tightly packed air traffic controller schedules
Read moreInflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.
Read moreWith a Fresh Look and Recipes, Manischewitz Courts a New Generation
The 136-year-old company’s products have been staples in American Jewish households for generations. After a major rebranding, the matzo ball soup comes with merch.
Read moreChina’s Export Dominance: What to Know
From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.
Read moreTaylor Swift and Beyoncé Avoided a Collision on the Charts. (Again.)
Pop’s two reigning queens are often cast as rivals, but they have continually supported each other — and spaced out their album releases.
Read moreTaylor Swift Sells a Rainbow of Vinyl Albums. Fans Keep Buying Them.
Artists across pop genres are finding success with colored vinyl and different variants of their releases. For Swifties, the urge to collect them all is strong.
Read morePost Office lawyer 'missed' key Horizon finding
A top lawyer says he and others missed a finding in 2014 that the software could be accessed remotely.
Read moreProcter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.
Read moreDavid Zaslav Receives $50 Million for Leading Struggling Warner Bros. Discovery
The chief executive’s 2023 pay package rose 26 percent from the year before, while the company’s losses totaled $3 billion.
Read moreWith 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.
Read moreThousands Are Eligible for Tax Refunds From 2020
The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money. The deadline for filing to get it is May 17.
Read moreWhy 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
Read moreA Union Vote at Volkswagen Is a Big Test for the UAW
If workers at a plant in Tennessee agree to unionize, it would reflect the growing power of groups like the U.A.W. at a crucial political moment.
Read moreRepublican governors from six states condemn UAW campaigns, citing potential for layoffs
The joint statement was signed by governors in Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas.
Read moreChina’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.
Read moreTesla recalls Cybertrucks over accelerator crash risk
The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.
Read moreShoppers shun department stores as prices rise
Higher prices put off shoppers as sales volumes overall stagnate in March.
Read moreOne Potential Key to Knicks’ Season: Friendship
Jalen Brunson, Josh Hart and Donte DiVincenzo have been buddies since college, a situation that those who study the workplace say can foster success.
Read moreCan a Brewery Make Good Wine? These Beer Makers Say Yes.
In an effort to reach an increasingly diverse customer base, brewers are turning over some of their equipment to producing wine.
Read moreWhat to Do When Your 401(k) Leaves Something to Be Desired
Over the course of a career, the high fees and a lower-quality menu of investment options found in some plans can shrink your balance significantly.
Read moreNetflix profits soar after password crackdown
The streaming giant said it added 9.3 million subscribers in the first three months of the year.
Read moreChina 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.
Read moreBuilding society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.
Read moreLegal Fight Over Trump Media’s Ownership Adds to Its Woes
Two ex-contestants on “The Apprentice” sold the former president on the idea of a social media platform. Now, the company and the pair are wrangling over their stake.
Read moreLi 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.
Read moreChina-Middle East commercial ties enjoying a ‘renaissance’ as politics, trade spats strengthen shift from West, consultancy says
Commercial ties between China and the Middle East are enjoying a revival as politics, energy transition and supply-chain upheavals create opportunities for Chinese exporters, according to management consultancy Oliver Wyman.
Read moreUS interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Read moreChina’s middle class a ‘tidal wave’ investors are failing to appreciate: Primavera Capital founder
It is only a matter of time before the currently depressed market stages a rebound, according to Fred Hu of private-equity firm Primavera Capital.
Read moreCan TikTok's owner afford to lose its killer app?
Sell or be banned - TikTok's US operations, by some estimates, could fetch up to $100bn.
Read moreAlmost a quarter of kids aged 5-7 have smartphones
The regulator calls the data a "wake up call", and says parents and industry need to do more.
Read moreWhy a deluge of Chinese-made drugs is hard to curb
Thousands of Chinese companies are making synthetic opioids and shipping them around the world.
Read moreSony in Talks to Join a Bid to Buy Paramount
The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.
Read moreNetflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
Netflix will no longer report its quarterly subscriber additions, a sign that the benefits of its password-sharing crackdown may be ending.
Read moreChinese Exports Are Threatening Biden’s Industrial Agenda
The president is increasingly hitting back with tariffs and other measures meant to restrict imports, raising tensions with Beijing.
Read moreNetflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
Read moreNetflix blows past earnings estimates as subscribers jump 16%
Netflix said its subscribers grew 16% to 269.6 million, but said it would no longer regularly report the metric starting next year.
Read moreNordstrom family tries again to take department store private, forms special committee
The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.
Read moreMortgage rates are now at the highest level of the year, and could still climb
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
Read moreU.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.
Read moreAlaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.
Read moreNBA's exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal
The NBA's exclusive window with incumbent media partners Disney and Warner Bros. Discovery will expire April 22 without a signed deal, according to sources.
Read moreHow a Crypto Compliance Officer Ended Up in a Nigerian Prison
Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.
Read moreBillionaire Kam Ghaffarian sets his sights on the stars with a range of space companies
Ghaffarian has been instrumental in ushering in the new space economy, with leadership roles at Intuitive Machines, Axiom Space, Quantum Space and X-Energy.
Read moreHipgnosis Agrees to $1.4 Billion Deal to Sell to Concord
Hipgnosis, which owns the rights to songs by Justin Bieber and Neil Young, helped kick-start a rush on catalog sales. But its future has been in doubt.
Read moreDubai airport delays persist after UAE storm
Some inbound flights to the world's second busiest airport resume, but many passengers remain stranded.
Read moreMarch homes sales dropped despite a surge in supply. Here's why.
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
Read moreThe Race to Reroute Goods From Baltimore: Trains, Trucks and Tractors
Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.
Read moreCountdown Is On for the Bitcoin ‘Halving’
Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.
Read moreMeta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps
Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new technology, powered by Meta’s latest artificial intelligence model, to obtain information and complete tasks.
Read moreU.S. tech CEOs give India PM Modi boost ahead of election
India's Narendra Modi has been courting U.S. tech company leaders like Elon Musk and Tim Cook ahead of the country's national elections.
Read moreVictim calls for lawyer removal from Horizon scheme
Former sub-postmaster says a top Post Office lawyer should not be involved in Horizon redress.
Read moreMillions of Girls in Africa Will Miss HPV Shots After Merck Production Problem
The company has told countries that it can supply only 18.8 million of the 29.6 million doses it was contracted to deliver this year.
Read moreGoogle sacks staff protesting over Israeli contract
Google sacked 28 staff members for taking part in protests against a contract with the Israeli government.
Read moreBiden Calls for Tariffs on Chinese Steel in Pittsburgh Pitch, Vying With Trump for Votes
Speaking to the United Steelworkers union in Pittsburgh, the president urged major increases to some tariffs on steel and aluminum products from China.
Read moreIMF: China’s bonds, stimulus will buoy world’s No 2 economy despite property crisis
Asia official with Washington-based agency points to the PBOC’s policy moves, as well as China’s infrastructure spending, as economic bellwethers in the face of headwinds.
Read moreChina steels itself for new front in trade war after US proposes tariffs on metals
The US’ proposed tripling of tariffs on Chinese steel imports would be the first move in a tit-for-tat struggle that would expand the bilateral trade war, analysts said – and fuel grumblings over industrial overcapacity.
Read moreEx-Post Office chair defends himself against claims
A report claims Henry Staunton used derogatory language about recruiting a board member
Read moreCongress Ramps Up the Pressure on TikTok
A legislative maneuver in the House may help an effort to force the divestment of the video platform by its Chinese owner, which would squeeze U.S. investors.
Read moreAirline executives predict a record summer and even more demand for first class
Delta and United executives have forecast record demand this spring and summer with even more travelers booking in higher classes.
Read moreCanton Fair: Chinese Premier Li Qiang solicits views from ‘ambassadors of friendship’ as external tensions grow
Premier Li Qiang told overseas buyers at the Canton Fair that China’s development will inject more stability into the world economy and global trade as it seeks to shore up confidence and retain and entice investors.
Read moreTikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass
Court records, mistakenly made public, tell a story about the birth of ByteDance, its bumpy road to success and the role of the Republican megadonor Jeff Yass’s firm.
Read moreChina unloads more US Treasury bills as odds of Fed rate cuts grow slim
China has continued to sell its holdings in US debt as the likelihood of expected interest rate cuts grows more remote and Beijing looks to widen the diversity of its foreign asset pool.
Read moreTruth Social Has an Edge as Rival Right-Wing Apps Falter
Donald Trump’s social media platform has outdistanced similar conservative sites such as Parler and Gettr, even as it lags far behind X and others.
Read moreTakeaways From a Trove of ByteDance Records
The records briefly surfaced in a lawsuit involving the Republican megadonor Jeff Yass’s firm.
Read moreSainsbury's worker sacked for not paying for 'bags for life'
The employee said he had pressed the "zero bags used" button accidentally when shopping.
Read moreTaking Account of Rising Health Care Costs
Have your out-of-network insurance bills skyrocketed? Chris Hamby, an investigative reporter for The Times, may have an explanation.
Read moreTikTok Bill to Be Bundled With Aid to Ukraine and Israel, House Speaker Indicates
A new measure attempts to force the Senate’s hand on passing legislation to ban TikTok or mandate the app’s sale.
Read moreBoeing whistleblower says he was put through 'hell'
Lawmakers voice concerns over claims that Boeing threatens staff who raise safety concerns.
Read moreThe West says China makes too much. Its workers disagree
Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its economy.
Read morePolice bust cyber gang accused of worldwide fraud
Police took down the international scam on Tuesday and say there could be up to 70,000 UK victims.
Read more'AI helps me to make wine for younger drinkers'
The winemakers using artificial intelligence to help them grow grapes and blend their wines.
Read moreVince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO
McMahon resigned as executive chairman of the WWE in late January after a former employee, Janel Grant, accused him of sexual abuse and trafficking.
Read moreChina preps for tourism boom on May Day holiday as early bookings rocket past pre-pandemic levels
China’s coming May Day holiday already has the makings of a major tourism rush, with early bookings exceeding pre-pandemic levels and the travel boom likely to fuel a much-desired round of consumption.
Read moreHow sustainability is driving China’s next economic transformation
Despite some progress, the Chinese economy still faces problems but these can be overcome with targeted stimulus measures and a focus on sustainable development. By framing China as a threat, the US risks impeding global sustainability efforts.
Read moreTesla Seeks to Revive Musk’s $47 Billion Pay Deal With New Shareholder Vote
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
Read moreBoston Dynamics’ Atlas Robot Is Leaping Into Retirement
It has been replaced by a new model, which will be used in automotive manufacturing. A farewell video featured the old machine running outdoors, performing back flips and awkwardly shimmying.
Read moreUnited Airlines jumps 17% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.
Read moreBoeing Whistle-Blower Details His Concerns to Congressional Panel
Sam Salehpour, an engineer at Boeing for over a decade, testified that the company introduced production shortcuts in an attempt to address bottlenecks.
Read moreNPR Editor Who Accused Broadcaster of Liberal Bias Resigns
Uri Berliner, who has worked at NPR for 25 years, said in an essay last week that the nonprofit had allowed progressive bias to taint its coverage.
Read moreThe Global Turn Away From Free-Market Policies Worries Economists
More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.
Read moreSundance Organizers Consider New Home for Film Festival After 2026
A 13-year contract with Park City, Utah, is set to expire in 2026 and the film festival is beginning a review process to see if it should move.
Read moreEli Lilly’s weight loss drug Zepbound shows promise as a sleep apnea treatment in late-stage trials
The pharmaceutical giant plans to present the trial data at an upcoming medical conference and submit it to the Food and Drug Administration mid-year.
Read moreBoeing faces scrutiny in Senate hearings over aircraft safety and quality
A Boeing whistleblower testified in a hearing Wednesday about safety concerns related to two of the company's aircraft.
Read moreInflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years
As the economy cools, pressure is building on the Bank of England to cut interest rates.
Read moreF.T.C. Said to Consider Blocking Major Fashion Merger
Regulators are expected to meet next week to discuss the $8.5 billion deal between Coach’s owner, Tapestry, and Michael Kors’s parent company, Capri Holdings, which would create a U.S. luxury conglomerate.
Read moreUK inflation falls as some food prices drop
New official figures show that inflation, the rate at which prices rise over time, fell again in March.
Read moreTesla pushes for $56bn pay deal for Elon Musk
The deal, if approved by shareholders and judges, would be the largest in corporate America.
Read moreMost doses of Eli Lilly's Zepbound, Mounjaro in short supply through June, FDA says
The insatiable demand for weight loss and diabetes drugs is still trouncing supply, even as Eli Lilly and Novo Nordisk work to increase production capacity.
Read morePost Office scandal unbelievable says ex-chairman
Former Post Office chairman Allan Leighton apologises for his part in the "terrible" Horizon scandal.
Read moreComcast launches prepaid and month-to-month internet and phone plans
Comcast announced Wednesday it is launching NOW, a new prepaid and month-to-month streaming and phone plan aimed at lower-income customers.
Read moreVW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions
The United Automobile Workers hopes contract gains at the Big Three carmakers will provide momentum in a broad effort to organize nonunion plants.
Read moreChina’s economy seeing ‘seismic shifts’ and imbalances like nothing Beijing predicted, senior economist says
Prominent government adviser Liu Yuanchun says the immediate future will be marked by disequilibrium, and more non-economic risks are emerging than economic ones, after first-quarter GDP growth impresses.
Read moreDongfeng, Chery lead Chinese carmakers in eying Europe factories amid brutal price war at home
Carmakers like Dongfeng, Chery and BYD are eyeing production sites in Europe to assemble the next generation of electric vehicles as a foil against the EU’s protectionist tariffs as a brutal price war at home drives more producers offshore in search of fresh markets.
Read moreSuperyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.
Read moreTesla Calls for New Vote on Elon Musk’s Pay Package
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
Read moreChina rallies aviation brainpower to get widebody C929 off the ground, amp up Airbus and Boeing competition
China’s state-owned aircraft manufacturer held a conference ahead of a week-long seminar to seek progress with its C929 passenger jet, which is due to rival the Airbus A350 and Boeing 787 models for long-haul routes.
Read moreBiden to Call for Tripling Tariffs on Chinese Steel Products
In a speech to union steelworkers in Pittsburgh, the president will announce several new measures meant to raise new barriers against floods of Chinese imports.
Read moreEverything You Need to Know About Smartphone Backups
It doesn’t take a lot of work to keep copies of your phone’s photos, videos and other files stashed securely in case of an emergency.
Read moreMillion-dollar jobs, travel perks and racy parties vanish as China’s research pullback sends chills through banks and brokers
The cutbacks, described by people familiar with the matter, come as a prolonged market slump reduces trading commissions and authorities tighten limits around what research analysts are allowed to publish.
Read moreThe 2024 Paris Olympics Prepares For Cyberattacks
“We will be attacked,” the official responsible for fending off cyberthreats said. To prepare, organizers have been hosting war games and paying “bug bounties” to hackers.
Read moreChina plays up Alibaba, Shein’s role in promoting cross-border e-commerce at ‘digital silk road’ forum, as exports rise
At the Digital Silk Road Development Forum in Xian, Alibaba and Shein were praised for helping advance the country’s booming cross-border e-commerce sector.
Read moreTransportation Dept. and State Attorneys General Will Look Into Airline Complaints
Transportation Secretary Pete Buttigieg announced a new partnership with more than a dozen state attorneys general that aims to improve protections for air travelers.
Read moreWorkers take on car giant Volkswagen in fight for pay
VW workers in the south vote on whether to join a union - a test of how far worker activism has spread.
Read moreChina GDP: first-quarter growth ‘smashes’ expectations, but has Beijing put too many eggs in its basket?
China’s widely watched gross domestic product (GDP) figure beat expectations in the first three months of the year, but retail sales growth dropped in March and property investment fell by 9.5 per cent in the first quarter.
Read moreSmartmatic and OAN Settle Defamation Suit
Smartmatic, an elections technology company, had accused the conservative broadcaster of amplifying baseless claims about election fraud.
Read moreAdidas on front foot after exiting Kanye West deal
The Samba, Gazelle and Campus shoe maker expects to make €700m (£598m) operating profits in 2024.
Read moreCanton Fair: China’s new energy exporters abuzz as orders swell, threat of trade curbs looms
Buyers and exhibitors of new energy equipment at the Canton Fair are showing boundless optimism as orders rise, but measures likely to be taken against the industry by the US and EU could spoil the fun.
Read morePlanet Fitness shares fall as company announces new CEO
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.
Read moreJohnson & Johnson tops quarterly profit estimates as medical device sales jump
The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.
Read moreMorgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?
Read morePowell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.
Read moreParticipant, Maker of Films With Social Conscience, Calls It Quits
The company had critical and commercial hits over two decades but never made money consistently and faced a challenging entertainment landscape.
Read moreSouth Carolina coach Dawn Staley says women's basketball will get 'better and better'
South Carolina coach Dawn Staley said women's basketball will only get bigger after her team's undefeated season and Caitlin Clark's record-breaking run.
Read moreNPR Suspends Uri Berliner Over Critical Substack Essay
Uri Berliner, a senior business editor at NPR, said the public radio network’s liberal bias had tainted its coverage of important stories.
Read moreTGI Fridays to go public through merger with its U.K. franchisee
The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."
Read moreIMF Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.
Read moreBank of America tops estimates on better-than-expected interest income, investment banking
Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue.
Read moreChina’s GDP growth beat expectations – so why are analysts and business groups still downbeat?
While first-quarter GDP data shows China is on course to meet its full-year economic growth target, policymakers are still being called on to bolster demand and introduce stronger policy support.
Read moreIMF keeps China’s 2024 GDP growth estimate unchanged on ‘troubled property sector’
After the release of China’s first-quarter GDP growth, International Monetary Fund says the lack of a ‘comprehensive response’ could lead to less economic growth than Beijing is hoping for this year.
Read moreVolkswagen union vote in Tennessee to test UAW's power after victories in Detroit
Union voting for more than 4,000 eligible VW workers will begin Wednesday and end at 8 p.m. EDT on Friday.
Read moreFitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them
The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.
Read moreChina GDP: 5.3% first-quarter rise better than expected as recovery regains momentum
China’s widely watched gross domestic product (GDP) figure beat expectations in the first quarter after rising by 5.3 per cent year on year despite ongoing challenges.
Read moreThe challenge of upgrading iconic steel windows
Critall windows date back to the 1880s but their steel construction makes them vulnerable to damp.
Read moreChina’s energy trade with Middle East set to surge since Beijing brokered last year’s Iran-Saudi deal, UBS says
Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.
Read moreBoeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
A whistleblower alleged that Boeing's 787 and 777 models have structural flaws
Read moreFrom consumption to tourism, China’s middle class holds the key to revving up economic engine, but can they turn it?
Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.
Read moreChina’s new South China Sea oil rig helps it drill deep for energy security
New deep-sea mobile operation can reportedly drill to a depth of 9,085 metres, a record for China as Beijing looks to rely less on imported oil and gas amid rising geopolitical uncertainties.
Read moreIn China, Germany’s Olaf Scholz calls for ‘open and fair’ competition as differences weigh on trade
Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.
Read moreChina’s Fosun International sells stake in Belgian insurer Ageas to BNP Paribas to reduce debt, focus on core businesses
More divestments to come, analyst says, as conglomerate aims to cut debts by US$1.38 billion annually in the next two to three years.
Read moreChina’s ‘critical’ property sector must ensure timely delivery of homes, says Vice-Premier He Lifeng
Vice-Premier He Lifeng completed a two-day inspection tour of Zhengzhou, Henan province, over the weekend with a focus on China’s troubled real estate market.
Read moreShanghai is the sole commodities bourse to stay open to Russian aluminium, copper and nickel as sanctions drive Moscow towards China
Energy market sanctions imposed on Moscow have already had a dramatic impact on China’s buying habits, helping Russia surpass Saudi Arabia to become the largest oil supplier to Beijing last year.
Read moreHong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says
Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.
Read moreAs supply chains shift away from China, others get their own economic miracles
As global supply chains are reshaped, countries such as Vietnam and Mexico are becoming attractive manufacturing hubs. Chinese-backed factories in the US might face resistance, but the job growth and knowledge transfer they bring will benefit the American economy.
Read moreDrone delivery service launches in China’s Greater Bay Area, slashing transport time and costs between cities
Flight between Zhongshan and megacity of Shenzhen takes around 45 minutes and costs 40 yuan (US$5.60) per order, according to UAV-maker Phoenix Wings, which is backed by Chinese logistics giant SF Express.
Read moreChina’s gold markets under strain as horde of new buyers hunts for stable investment
Gold markets in China have been inundated with a throng of new buyers, looking to put their money into a commodity which has skyrocketed in value as other investments have lost their lustre.
Read moreChina trade: 5 takeaways from March data as exports tumbled, but ‘reasonable story about external demand’ appears
China’s export growth fell more than expected in March, but a recovery of overseas markets is expected, while imports also declined last month.
Read moreChina’s world-leading patent applications being sped up, scrutinised to boost key industries
Innovation is increasingly coming under the spotlight amid Beijing’s push for tech self-reliance, but criticisms persist that quantity is being emphasised over quality in the pursuit of patents.
Read moreSpotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide
Spotlight Automotive, BMW’s 50-50 EV venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.
Read moreChina overtakes Germany in some exports, raising trade profile and EU eyebrows ahead of Scholz visit
A recent report has found China has overtaken Germany in terms of certain exports, an elevation of status for the Asian juggernaut but a potential source of tension for already fraught bilateral relations.
Read moreChina’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management
A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.
Read moreChina trade: exports tumble in March, but ‘robust growth’ on the horizon as overseas demand recovers
China’s exports in March were dragged down by a higher base in the same period last year, but a strong recovery in demand in overseas markets is set to lead to ‘robust export growth’ this year, analysts said.
Read moreChina food security: grain reigns supreme as higher yields sought from limited land
China has set a goal for higher grain yields by 2030 – a necessity only likely to grow more acute as its stock of arable land has stagnated and the global food market has become more volatile.
Read moreThe $2bn dirty-money case that rocked Singapore
The sensational case saw 10 Chinese nationals charged for laundering profits from illegal businesses.
Read moreChina GDP: what is needed to achieve the ‘very challenging’ 5% economic growth goal for 2024?
Beijing has defended China’s ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches the potential for economic growth, but analysts say there are still issues to be addressed.
Read moreChina’s low inflation set to be ‘long-term phenomenon’: 4 takeaways from March’s data
China reported another low level of consumer inflation in March, while factory-gate prices fell for the 18th straight month.
Read moreChina’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success
The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.
Read moreLianjia, China’s largest real estate brokerage, opens Manner coffee shop in Shanghai outlet to brew up home transactions
Lianjia has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.
Read moreCity University of Hong Kong calls for broader ESG reporting coverage, says all financial institutions licensed by SFC should submit emissions data
All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.
Read moreChina protests Europe’s new wind-turbine probe and report alleging ‘distortions in the economy’
State subsidies are in Brussels’ cross hairs as the world’s largest windpower producer exports low-cost turbines to quench global demand for clean power.
Read moreBeware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say
China’s managed currency is seen as an anchor for its regional peers, meaning small moves can have an outsize impact.
Read moreHow AI is helping to prevent future power cuts
Artificial intelligence software is being used to predict electricity demand and supply.
Read moreHow an F1 simulator could save car firms 'millions'
Engineers in a village near Bristol make the fastest-reacting car simulator in the world
Read moreBoom times for US green energy as federal cash flows in
The US government has directed unprecedented sums of money at green energy projects.
Read moreIbiza locals living in cars as party island sees rents soar
"All the work you could want, but there isn't anywhere to live," say those struggling on the island.
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