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7 Deaths Linked to Small Magnets Found in Toys, U.S. Warns
A federal agency said the deaths and more than 2,000 emergency-room visits have been tied to pea-size magnets that are easily ingested.
Read moreSmileDirectClub Shuts Down, Months After Filing for Bankruptcy
The telehealth company, which sold teeth alignment devices to two million customers, was unprofitable and had been criticized by medical groups.
Read moreTiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
Read moreA String of Lawsuits Takes Aim at Regulators
The attacks, once unthinkable, could upend how a suite of agencies including the F.T.C. and the S.E.C. enforce rules.
Read moreHere are the 3 top risks facing McDonald's heading into 2024
McDonald's held an investor day Wednesday that focused on the company's long-term future, but the near term could bring more turbulence.
Read moreInside OpenAI’s Crisis Over the Future of Artificial Intelligence
Split over the leadership of Sam Altman, board members and executives turned on one another. Their brawl exposed the cracks at the heart of the A.I. movement.
Read moreAt Dubai’s Climate Summit, Activists Test the Limits
The annual U.N. talks have brought the rare spectacle of limited protests to the politically repressive United Arab Emirates.
Read moreCheck Fraud Is Rising and the Thieves Are Winning
Although check usage has declined in the last couple of decades, check fraud has risen sharply, creating a problem for banks — and customers trying to pay their bills.
Read moreWhen Freelancers Are Treated Like Full-Time, All the Time, Employees
Why do employers think freelance equals full time, all the time?
Read moreMideast War Pushes Companies to Extend Diversity Programs to Faith Groups
Workers are asking employers to respond to rising Islamophobia and antisemitism. But office discussions about religion are complicated.
Read moreHow Stolen Checks Are Sold and Bought Online
One reason this fraud is rampant: Open forums where anyone can buy checks that thieves have taken from the mail.
Read moreThe Holiday Boom in New York Is Back. Sort Of.
After three years of less foot traffic and less spending, things are looking up this year, even if it’s not 2019 again.
Read moreShoppers, Facing Holiday Spending, Turn to Loyalty Programs
The programs and the incentives that come with them will be critical for retailers hoping to attract cash-strapped customers over the next month.
Read moreChina’s consumer prices mark steepest fall in 3 years as post-Covid rebound falters
Downward pressures on energy and food prices cited by Beijing as consumer price index falls 0.5 per cent year on year in November.
Read moreDHL Workers at Kentucky Air Cargo Hub Go on Strike
Workers who load and unload cargo planes at DHL’s hub near Cincinnati walked out after months of negotiations failed to produce a contract.
Read moreEurope and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
Read moreCosMc's: Customers flock to McDonald's new retro drinks brand
CosMc's, named after an obscure company mascot, is a bid for the speciality drinks market.
Read moreE.U. Agrees on AI Act, Landmark Regulation for Artificial Intelligence
The agreement over the A.I. Act solidifies one of the world’s first comprehensive attempts to limit the use of artificial intelligence.
Read moreNew Sickle Cell Therapies Will Be Out of Reach Where They Are Needed Most
There is no clear path for African patients to get access to the treatments, which have multimillion-dollar price tags and are highly complex to manufacture and deliver.
Read moreOne Law Firm Prepared Both Penn and Harvard for Hearing on Antisemitism
The presidents of Harvard, the University of Pennsylvania and M.I.T. came under fire after dodging questions about their policies.
Read moreWhy automakers are turning to hybrids in the middle of the industry's EV transition
Automakers are reconsidering the viability of hybrid vehicles to appease consumer demand and avoid costly penalties related to federal fuel economy standards.
Read moreStarbucks Tells Union It Wants to Resume Contract Talks
After the coffeehouse chain proposed terms for contract negotiations, Workers United, which represents 9,000 employees, said it was open to productive steps.
Read moreParamount shares jump after reports of takeover interest
Paramount shares surged Friday following reports that RedBird and Skydance were exploring a potential takeover.
Read moreZombie TV Has Come for Cable
Many of the most popular channels have largely ditched original dramas and comedies, morphing into vessels for endless reruns.
Read more‘What the Heck?’ CNN’s Debate Plans Leave New Hampshire Officials Confused.
The news network said it would host a Republican primary debate in New Hampshire at Saint Anselm College. That was news to Saint Anselm.
Read moreU.S. approves first gene-editing treatment, Casgevy, for sickle cell disease
Casgevy uses the Nobel Prize-winning technology CRISPR to treat sickle cell disease, a blood disorder that affects about 100,000 Americans.
Read moreLawmakers Press Biden Administration for Tougher Curbs on China Tech
Republican legislators argue that the Biden administration has been ill-equipped and unmotivated in a technology fight with Beijing.
Read moreU.S. Job Growth Holds Up as Economy Gradually Cools
Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
Read moreRetail Group Retracts Startling Claim About ‘Organized’ Shoplifting
The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent, experts say.
Read moreYellow Rejects a Bid to Restart Trucking Company
In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.”
Read moreStarbucks tells union it wants to resume contract talks in January
The potential restart of talks could open a window to resolve a stalemate in one of the most high-profile labor disputes in the U.S. in recent years.
Read moreIn the Creator Economy There is Money to Be Made
People from all types of backgrounds have become stars — and it’s a trend that’s expected to get even bigger and make them even richer in years to come.
Read moreTesla’s Battle With Sweden’s Unions Now Includes Pension Fund
The action began with a walkout by mechanics in October, but has spread to include blockades by other unions. Tesla has pushed back through the courts.
Read moreMicrosoft's links with OpenAI to be examined by competition watchdog
The Competition and Markets Authority will consider if links between the two could be considered a merger.
Read moreRetail lobby group's retraction of key crime claim shows how hard it is to track theft
The National Retail Federation walked back a claim that organized retail crime accounted for nearly half of all shrink losses because the data point was flawed.
Read moreConundrum of Covering Trump Lands at Univision’s Doorstep
When the U.S.’s largest Spanish-language network ran a friendly interview with the former president, Democrats cried foul. Executives say they’re seeking more balance.
Read moreAmazon Is Cracking Down on Union Organizing, Workers Say
The company has disciplined union supporters and fired one in recent weeks, ahead of a trial that will weigh their right to interact with co-workers.
Read moreNationwide: 500 Swindon head office workers at risk of redundancy
The announcement affects the building society's head office in Swindon, a spokesman said.
Read moreHow Has the Economy Affected You? We Want to Know.
The Times’s economics team is looking for reader input on what you’re going through financially and what you see in your community.
Read moreChinese garlic is a national security risk, says US senator
Rick Scott says Chinese garlic grown in sewage is unsafe and poses a threat to national security.
Read moreDisney: Elon Musk calls for boss to be fired over ad spat
It comes a week after the multi-billionaire launched a profane attack on advertisers that left X.
Read moreWorld Bank President Ajay Banga Addresses Climate Change
Ajay Banga, who took over the top job in June, has prioritized global warming issues in his first months on the job.
Read moreChina’s leadership prioritises economic stability and investor confidence for coming year
President Xi Jinping uses Politburo meeting to call for efforts to attract foreign capital and boost trade, while countering negative views of the economy.
Read moreLululemon shares fall as retailer gives tepid holiday outlook despite strong start to shopping season
Lululemon struck a positive tone about the holiday shopping season on Thursday, but its fourth-quarter guidance came in light of expectations.
Read moreUS jobless rate falls to lowest level since July
Employers added a better-than-expected 199,000 jobs in November, despite efforts to cool the economy.
Read moreTips for Avoiding Surprise Bills From Electronic Toll Roads
Cashless tolls have reduced traffic jams, but they can also lead to hefty bills for out-of-state drivers. One piece of advice: Promptly pay the bill you get in the mail.
Read moreHigher Rates Can Help Retirees but Stocks Outpace Inflation
Investors who want to lock in safe income may be hurt over the long haul if they don’t also hold stocks, our columnist says.
Read moreGoogle admits AI viral video was edited to look better
Instead of the AI responding to voice and video, it was fed text prompts and still images.
Read moreCorporate Bosses Turn Up the Heat on University Presidents
The heads of Harvard, M.I.T. and the University of Pennsylvania are under pressure after testifying to Congress about antisemitism on campus.
Read moreChina ‘more investible than ever’ for Middle East and Latin America, but Western capital remains wary
Louis-Vincent Gave, founding partner and CEO at research firm Gavekal, says China is deemed uninvestible for some Western investors despite Beijing’s efforts to attract increased overseas capital.
Read moreChina, Singapore to let each other’s tourists pay with digital yuan as Beijing seeks to globalise its e-CNY currency
The use of digital yuan for small transactions can pave the way for its application in trade and other high-value scenarios, one expert says.
Read moreAverage two-year mortgage rate falls below 6%
Mortgage providers have been cutting rates, but many homeowners still face a payment shock.
Read moreTaiwan returns to monthly export growth as erratic year comes to a close
Export numbers for Taiwan re-entered the plus column after months of contraction and a shorter period of back-and-forth changes, fuelling hopes for protracted growth in 2024.
Read moreCozy Retreats for a Winter Getaway
Not everyone wants to rocket down a mountain on skis. But hot chocolate by a warm fire in a snug inn is another story. Here are six hotels in snowy settings.
Read moreWhy China’s yuan may stay weak in 2024, regardless of any US Fed interest rate cuts
A prominent Chinese economist has flagged two key risks that could keep pressure on the yuan: weaker-than-expected fiscal expansion and a further contraction in the property market.
Read moreEdinburgh Reforms: City shake-up branded 'damp squib' by MPs
The Treasury Committee says much of what was promised by the chancellor has not materialised.
Read moreMobile phones: Firms face £3bn legal claim for overcharging
Lawsuit alleges Vodafone, EE, Three and O2 overcharged existing customers for their mobiles.
Read moreUK Accuses Russia of Yearslong Cyberattacks
The government said a group linked to Russia’s intelligence service carried out sustained operations to undermine trust in Britain’s political system.
Read moreScotRail consults customers on ending alcohol ban
The online survey comes three years after restrictions were introduced to stop the spread of Covid-19.
Read moreBinance Founder Ordered to Remain in U.S. Before Sentencing
Changpeng Zhao, better known as CZ, faces as much as 18 months in prison after he pleaded guilty to federal money-laundering violations.
Read moreChina’s Electric Car Factories Are Facing a Worker Shortage
China misjudged the rapid expansion of its electric vehicle sector, leaving a shortfall of skilled technicians as young people shun manufacturing careers.
Read moreChinese consumers keep spending in check amid shaky economy, hunting bargains on drinks, personal-care goods: report
Spending on consumer goods fell 0.9 per cent year on year during the third quarter as consumers remain ‘discerning’ about their choices, says a study by Bain & Company and Kantar Worldpanel.
Read morePGA Tour star Jon Rahm signs on to join Saudi-backed LIV Golf
Jon Rahm, the defending Masters champion, signed on Thursday to leave the PGA Tour for Saudi-backed LIV Golf.
Read moreTrain strikes: When are the walkouts in December?
It is the last in a wave of rolling strikes affecting different train companies on different days.
Read moreOxfam shop and office workers strike for first time
The walkout is over pay with some staff at the anti-poverty charity reporting having to use foodbanks, a union says.
Read moreChina dispatches massive vessel to catalogue fisheries, scale up industry presence
China’s largest fishery research vessel has embarked on a survey mission, a high-profile move intended to assess marine resources and establish the country’s role as a major player in the booming industry.
Read moreChina trade: 5 takeaways from November’s data as exports edge up for first time in 7 months
China’s exports beat expectations in November, rising by 0.5 per cent from a year earlier, but imports disappointed and fell by 0.6 per cent, data released on Thursday showed.
Read moreBellevue Hospital Rushes Patients Into Weight-Loss Surgery
New York’s Bellevue Hospital performs thousands of the lucrative surgeries a year, even on Rikers Island prisoners and other inappropriate patients.
Read moreChina awaits whether US interest rate cut, better ties bring economic tailwinds in 2024
Economists generally expect that the US’ most aggressive rate-rising cycle in 40 years will end soon, and that any subsequent rate-cut cycle would lead to lower financing costs for businesses – a positive for trade flows.
Read moreU.S. and Mexico Try to Promote Trade While Curbing Flow of Fentanyl
In her Mexico City visit, Treasury Secretary Janet L. Yellen sought to deepen economic ties while countering drug trafficking.
Read moreNuns Who Own Shares of Smith & Wesson Sue Over AR-15 Deaths
A coalition of Catholic nuns claim that the gun maker is putting itself at risk by selling the AR-15-style rifles. The company’s C.E.O. called it a “frivolous lawsuit.”
Read moreFerrari's $400,000 Purosangue is a dream to drive. Just don't call it an SUV
The Purosangue, its name meaning "pure blood" or "thoroughbred" in Italian, comes with a 7.5 liter, V-12 engine.
Read moreBiden administration asserts power to seize drug patents in move to slash high prices
The Biden administration unveiled a new framework outlining the factors federal agencies should consider in determining whether to use march-in rights.
Read moreMcDonald's to open first CosMc's spinoff restaurant this week
The burger chain is positioning CosMc's as a fast, convenient way to grab a pick-me-up snack or coffee.
Read moreFacing fines, cluttered aisles and late-night mockery, Dollar General's returning CEO tries to drive a turnaround
The retailer said it will put more workers in the front of the stores, slow down store openings and step up efforts to keep merchandise in stock.
Read moreWashington Post Journalists Go on One-Day Strike
The 24-hour strike is the first walkout at The Post since the 1970s, union leaders said.
Read more2023 was the least affordable homebuying year in at least 11 years, Redfin says
California metro regions ranked as the least-affordable areas, while Midwest metros were the most affordable, Redfin said in a new report.
Read moreThe Clock is Ticking on Improving China-U.S. Relations, Experts Say
Participants in a task force at the DealBook Summit said President Xi seemed ready to expand economic relations. But for how long?
Read moreMcDonald’s unveils US CosMc's trial and global expansion
The fast-food giant pilots CosMc's and plans to open about 10,000 McDonald's globally by 2027.
Read moreAnger as Nationwide orders workers back to office
Nationwide - which has its HQ in Swindon - tells staff to work in offices at least two days a week.
Read moreKrispy Kreme Opens in France, the Latest in a U.S. Fast Food Invasion
The arrival of Krispy Kreme in France is just the latest advance in a decades-long invasion by U.S. fast food in the land of Michelin chefs and long leisurely meals.
Read moreWhy Lobbyists Are Still Fighting Congress on Money Laundering
A law to require disclosure of corporate ownership takes effect Jan. 1. Small businesses and banks say it would be too burdensome and are turning to lobbying and the courts to delay or block it.
Read moreAbbVie to acquire neuroscience drugmaker Cerevel Therapeutics for $8.7 billion
The deal is AbbVie's latest attempt to expand its drug pipeline as its top-selling treatments, such as Humira, face generic competition.
Read moreU.S. Marshal Arrested After Unruly Behavior on Flight to London
The police in London said the 39-year-old “was disruptive and had sexually assaulted other passengers and crew.”
Read moreLego Fortnite: Gaming giant launches Minecraft rival
The new co-operative survival game mode sees players crafting items with Lego bricks.
Read moreWhy China’s foresight on EV minerals gives it a big edge over US, as ‘every country needs copper’
Strong ties between China and world’s major mineral exporters, especially those with vast copper and nickel resources, leave West playing catch-up in securing supplies.
Read moreFrom Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money
After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire.
Read moreSouth East Water pays £2.3m dividend amid watchdog probe
Ofwat is investigating South East Water over service to customers and record in maintaining supply.
Read moreU.S. poised to approve first gene-editing treatment in breakthrough for sickle cell patients
The U.S. Food and Drug Administration is expected to approve exa-cel for sickle cell disease in what would become the first marketed medicine to use CRISPR.
Read moreJacob Rees-Mogg's investment management firm to close
The fund manager co-founded by the MP is winding down after reports it had lost its largest client.
Read moreChina deems coal reserves insufficient after past power crises hit industries, livelihoods
A new national backup system for coal production will seek to stabilise prices and ensure sufficient supplies as energy security is increasingly prioritised across the country.
Read moreChina’s cabinet urges Shanghai’s Hong Kong-style Lingang free-trade zone to deepen reforms
The State Council, China’s cabinet, has urged Shanghai to further simplify customs procedures and liberalise financial markets to spur cross-border cargo and capital flows in the Lingang free-trade zone.
Read more'Wonka,' 'The Color Purple' and 'Aquaman': Warner Bros. releases dominate December
The last weeks of the 2023 box office will be dominated by Warner Bros. as it brings "Wonka," "Aquaman and the Lost Kingdom" and "The Color Purple" to theaters.
Read moreWhat the Jobs Report Might Mean for Interest Rates
Wall Street will closely watch Friday’s nonfarm payrolls report, which could influence the Federal Reserve’s next move on borrowing costs.
Read moreWall Street CEOs try to convince senators that new capital rules will hurt Americans as well as banks
The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.
Read moreShopping with cash rises for first time in a decade
People are using notes and coins as a way of budgeting while prices rise, says the British Retail Consortium.
Read moreHouse prices rise again as mortgage rates ease
Prices rose 0.5% last month, Halifax says, and there are signs activity in the market is picking up.
Read moreChina’s ‘sluggish’ trade to continue into 2024 even after exports edge up in November, unlikely to provide economic pillar
China’s exports beat expectations in November as shipments to the US grew for the first time since July last year, but analysts doubt if exports can contribute as a pillar of economic growth next year.
Read moreWhite House Delays a Decision on Banning Menthol Cigarettes
The proposal has elicited mounting opposition from tobacco companies, Black activists worried about police enforcement and small businesses, as President Biden moves into an election year.
Read moreThe people creating digital clones of themselves
Business leaders and experts are making online copies of themselves to answer the questions they get.
Read moreChatGPT tool could be abused by scammers and hackers
A cutting-edge tool from Open AI appears to be poorly moderated, allowing it to be abused by cyber-criminals.
Read moreChina’s college graduates to hit record high 11.79 million in 2024, adding to job market pressure
A record number of college students are set to graduate in China next year at a time of high unemployment within the 16-24 age group.
Read moreTobacco giant sees sunset for US cigarette business
British American Tobacco said it could no longer value the business as if it had an infinite life.
Read moreWith China’s first cruise ship delivered, unit of CSSC calls for Shanghai-based supply chain as it chases more orders
Deputy general manager of Shanghai Waigaoqiao Shipbuilding says domestic and global suppliers should choose Shanghai for R&D and production to create a complete supply chain.
Read moreChina education: parents decry 50-50 shot at academic degree, and they’re rolling the dice on a costly plan B overseas for the kids
An education policy enacted six years ago means that only half of junior high students in China can go on to get academic degrees in the country, and many parents don’t like those odds.
Read moreMcDonald's aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027
After 2024, McDonald's is targeting systemwide sales growth of 2.5% in constant currency.
Read moreAt the DealBook Summit, Leaders Contend With an “Existential Moment”
Even leaders who usually display unrestrained confidence expressed anxiety about the state of the world.
Read moreSanjay Shah, British Trader, Is Extradited to Denmark on Fraud Charges
Sanjay Shah had been pursued by Danish authorities, who said he was behind a scheme to steal $1.3 billion from the national coffers.
Read moreSilicon Valley Confronts a Grim New A.I. Metric
Where do you fall on the doom scale — is artificial intelligence a threat to humankind? And if so, how high is the risk?
Read moreArtificial Intelligence Experts Agree That It Needs Regulation. That’s the Easy Part.
Participants in a task force on artificial intelligence at the DealBook Summit grappled with how to balance oversight of the technology with innovation.
Read moreThe 2024 Election Will Be Unlike Any Other. Is the Media Ready?
Journalists are facing “deep fakes,” sagging trust, global unrest and an unprecedented Trump campaign being run “from the courthouse steps.”
Read moreThe Media, Democracy and the 2024 Election: What’s at Stake
Should something change about the way news is gathered, reported and shared? Participants in a task force at the DealBook Summit considered that, and more.
Read moreDisney+ adding Hulu integration as streaming bundles accelerate
Disney had previously offered a bundle of Disney+ and Hulu, but Wednesday's release is part of a push to integrate the two platforms.
Read moreIn the Creator Economy, It’s the Wild Wild West for all Involved
A task force at the DealBook Summit discussed where the power lies in the exploding world of the creator economy — and who is likely to wield it in the future.
Read moreAddressing the Tensions Between China and the Rest of the World
U.S.-China trade is at a record high, but businesses and governments are wrestling with how to balance national security and commercial interests.
Read moreFrom the DealBook Summit: Experts Look Forward
Industry leaders at the conference were asked about what’s next for artificial intelligence, the economy, health care and more.
Read moreAOG Technics: UK fraud body makes arrest in aircraft parts probe
It has launched a criminal investigation into alleged fraud at aircraft parts supplier AOG Technics.
Read moreWalmart CEO says consumers may not be as resilient next year, even as deflation starts to show
In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling prices.
Read moreWalmart's hiring and wage pressures have eased, CEO says
Walmart CEO Doug McMillon also said artificial intelligence is changing employees' roles across stores and in warehouses.
Read moreChina spy agency lashes out at ‘ill-intentioned foreign forces’ that conflate espionage with business
Ministry of State Security seeks to quell accusations that China’s revised anti-espionage law has worsened economic decoupling and the operating environment for foreign firms, as they have increasingly claimed.
Read moreWomen's sports, NFL's Swift bump and Messi helped define a big year in ticket sales, StubHub says
StubHub is out with its Live Experiences Report which outlines some of the biggest influences in ticket sales for 2023.
Read moreMortgage problems ease but many face ‘price shock’
The Bank of England says fewer households will struggle to keep up with mortgage payments than previously thought.
Read moreEU to delay tariffs on UK electric cars until 2027
It comes after EU and UK carmakers said they were not ready for the change in post-Brexit trade rules.
Read moreMortgage refinance demand jumps 14% as rates fall to lowest point since August
After hitting 8% in October, the rate for the popular 30-year mortgage is heading back down toward 7%.
Read moreChina lays out contrasting vision for financial system, rejects ‘predatory’ Western outlook
In a departure from the West’s view on the role of finance, China has made the case for its own perspective on the industry, primarily as a tool for achieving policy goals and a buttress for weak links in the economy.
Read moreChina plans to diversify US$406 billion social security fund with ETFs, index products and more to improve returns
The proposed change also aims to lower management fees to ‘maintain and increase’ the value of the fund, which supports China’s welfare system.
Read moreTravel giant considers leaving London Stock Exchange
If Tui de-lists its shares it would be another blow to the UK's ability to attract big business.
Read moreChinese automakers splurge on huge carriers to meet overseas demand, ro-ro-rolling their cars abroad
China’s surging car exports, led by EVs, could top 5 million this year – but outsized demand is pitting manufacturers against each other in a price war to secure so-called ro-ro ships that haul thousands of vehicles.
Read moreTaiwan’s big China ETF bust shows extent of financial decoupling
Taiwan’s economic and financial decoupling from China has deepened with the near-collapse of what was once the world’s largest Chinese bond exchange-traded fund market.
Read moreChina advises state firms to keep eye on finances as risk becomes economic watchword
The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.
Read moreHomeserve founder: 'This earring helped me build my £4bn business'
Richard Harpin, co-founder of Homeserve, explains how an earring taught him an early business lesson.
Read moreChina’s economic recovery ‘stagnated’: 4 takeaways from November’s manufacturing, services activity
China’s official manufacturing and services purchasing managers’ indices (PMI) disappointed in November, although the Caixin/S&P Global gauges offered signs of recovery last month.
Read moreChina’s education reforms were meant to lower costs. So why is schooling more expensive?
Two years since China passed education reforms to lower schoolwork burdens and reduce inequalities in education outcomes, the divide only appears to have grown wider and deeper.
Read moreFitch says China’s local government financing vehicles at lower risk of default in 2024
China’s municipalities will see lower default risks at their local government financing vehicles (LGFVs) next year, thanks to a gradual recovery in fiscal revenues and policy support from the central government, analysts said.
Read moreCVS to change how it prices prescription drugs with new pharmacy reimbursement model
CVS's new effort aims to do away with a complex model that typically determines how much pharmacies get reimbursed and how much patients pay for medications.
Read moreCharter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter
Charter shares plunged after its chief financial officer said the company may lose broadband subscribers in the fourth quarter.
Read moreLawmakers ramp up scrutiny of Shein, call for proof it doesn't use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn't use forced labor after the retailer confidentially filed to go public.
Read moreEli Lilly weight loss drug Zepbound now available at pharmacies as rival Wegovy faces shortages
Eli Lilly's drug serves as an alternative to rival obesity drugs such as Wegovy that are still facing supply issues.
Read moreStellantis resurrects small Fiat 500e EV for the U.S., starting at $34,095
The 500e will be the first all-electric vehicle offered in the U.S. by Stellantis since the company formed in 2021.
Read moreWells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
Read moreChina forecast to build US$1 billion GM crop market after landmark approval
China’s approval last month of genetically modified (GM) corn and soybeans is likely to lead to a quick and massive growth of a market for the crops in the coming years, analysts predict.
Read moreMcDonald's investor day is Wednesday. Expect to hear about expansion, tech and China
Shares of McDonald's have risen just 8% this year, trailing the S&P 500's 19% gains.
Read moreEV maker Nio narrows loss on record deliveries, pledges more cost-cutting to compete in China’s cutthroat market
The Shanghai-based carmaker posted a third-quarter net loss of 4.56 billion yuan (US$639 million), 24.8 per cent narrower than in the previous quarter.
Read moreChina amps up calls for ‘unified’ computing network to empower e-commerce and underpin AI
Only about three-quarters of China’s population has internet access, but a new infrastructure drive aims to make connecting to a ‘unified’ network as easy as getting water from the tap or flipping a light switch.
Read moreChina ‘disappointed’ at Moody’s downgrade of sovereign bonds outlook to negative
Moody’s Investors Service on Tuesday cut the outlook for Chinese sovereign bonds from stable to negative, while keeping their rating unchanged at A1, with Beijing calling their concerns ‘unnecessary’.
Read moreChina delivers nearly 100 parcels a person in 2023 as e-commerce giants Alibaba, JD.com, PDD slowly recover
Parcel deliveries reached a new high of 120 billion items this week, up 8.5 per cent from all of 2022, as e-commerce sees strong third-quarter recovery.
Read moreForest City: Inside Malaysia's Chinese-built 'ghost city'
Built during the Chinese property boom, Forest City is a stark reminder of the crisis in the sector.
Read moreChina’s services activity accelerates to 3-month high in November on boost from new orders
China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to a three-month high in November, data released on Tuesday showed.
Read moreWhat do employers expect staff to know about AI?
More and more jobs require employees to work with generative AI - but what does that mean?
Read moreChina opens world’s tallest unmanned veggie farm as more urban agriculture advancements take root
Unaffected by climate and geographical constraints, a new Chengdu facility is said to be capable of producing a harvest of lettuce every 35 days under AI-controlled environmental conditions.
Read moreChina should rely on rule of law, instead of flimsy political promises, to spur growth in nation’s private sector economy
The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.
Read moreChina’s credit reshuffle aims to squelch risk, restore confidence as recovery lags
Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.
Read moreBooking.com users angry at firm's response to hacks
Customers say they have been failed and feel let down after losing hundreds of pounds to fraudsters.
Read moreHong Kong to launch second round of tokenised green bonds to inject some momentum into economy, chief banker tells summit
Hong Kong needs to be more proactive in striving for development opportunities and injecting some momentum into its economy, Hong Kong Monetary Authority CEO Eddie Yue tells an economic summit.
Read moreLi Auto, Xpeng pace Chinese EV makers in race towards 2023 sales record amid ‘all-time high’ monthly deliveries
Deliveries hit a record 940,000 units in November, industry body CPCA estimates, as a strong second half of the year puts EV makers on course to meet an ambitious sales target for 2023 despite a bumpy start.
Read moreChina’s 2030 carbon reduction goal to spare food industry from reforms as security takes priority
China has set a goal of reaching peak carbon dioxide emissions before 2030, but a report says it is likely to delay efforts to deliver on agricultural sustainability goals until then.
Read more‘Cash cow’ subsidies: China targets fraud in farm machinery sales scheme
The money was meant to help farmers to buy equipment as part of the bigger national cause of food security but in at least one case the machinery was soon unusable, according to report.
Read moreAs China mulls 2024 GDP growth target, Beijing must be willing to serve up more stimulus and economic reform
China’s leadership will convene soon to map out next year’s economic trajectory, but analysts say hitting long-term growth targets depends on whether Beijing implement more stimulus measures.
Read moreFormer Bridgewater, UBS analyst who called Chinese bank turmoil says US$2.9 trillion trust industry is next
Jason Bedford, a former analyst with Bridgewater and UBS, who predicted the troubles that cascaded through China’s regional banks now has similar warning for the nation’s trust industry.
Read moreHow weather apps are trying to be more accurate
Forecasters are continuing to offer more real-time updates and personalised recommendations.
Read more3 steps China must take to remain attractive to investors
Beijing should work to restore the confidence of domestic and global investors to ensure continued economic growth benefits everyone. Focusing less on security, increasing data transparency and minimising uncertainty around government actions would be a good start.
Read moreChina’s bamboo could replace high-emitting plastics, but tech bottlenecks are stunting growth
China’s bamboo forests span far and wide, presenting a more sustainable raw material for products in lieu of high-emitting plastics, but several confounding factors stand in the way of universal adoption.
Read moreChina urged to look to low-income groups like migrant workers to ignite new growth engines
Proposals from central bank adviser and former Chongqing mayor include further relaxing urban permit system for better access to public services, and buying up surplus flats for affordable housing.
Read moreBankruptcy 'opportunity' after US student loan crisis
Changes in the US are enticing more people to file bankruptcy to clear their student loans.
Read moreChina county’s local debt snowballs after it hires army of civil servants, despite paltry yearly salaries of US$2,300
Expansion of part-time workers weighs heavily on county’s already-strained fiscal budget at a time when local-level debt has become a major concern across the country.
Read moreChina’s plans for Greater Bay Area common market should consider EU as model, think tank says
A think tank has recommended the establishment of a common market in China’s Greater Bay Area, proposing a system of regional integration similar to the European Union.
Read moreLi Auto and Xpeng continue rewriting monthly sales records, charged by mainland China’s love for battery-powered vehicles
Li Auto and Xpeng, two top premium electric vehicle builders in China, rewrote sales records in November, as their new car models amplified the popularity of battery-powered vehicles.
Read moreChinese EV maker Hozon kicks off operations at its first overseas factory, in Thailand, as it steps up push for Southeast Asian market share
Hozon New Energy Automobile has started assembling vehicles in Thailand at its first overseas factory as it steps up its efforts to tap the Southeast Asian market.
Read moreChina’s economic data again under the microscope, local authorities warned over falsifying statistics
China’s statistics authority says regions in Guizhou province falsified data, while county governments in Shaanxi province intervened in data gathering following a round of inspections earlier this year.
Read moreChina’s Xinjiang building world’s longest highway tunnel in play for regional connectivity
A highway tunnel under construction in China’s Xinjiang region is expected to be the world’s longest, and serve as a symbol of stronger ties with Central Asia.
Read moreAlistair Darling: Steady hand in an economic crisis
Former Labour chancellor Alistair Darling, who has died at the age of 70, found himself at the centre of the 2008 global financial crisis.
Read moreWhy food discount stickers may be a thing of the past
Supermarkets and other retailers are increasing switching to AI-powered digital price displays.
Read more'Covid and criminals ruined my Airbnb for cars idea'
A UK entrepreneur explains why his idea to build a car-sharing network like Airbnb didn't work out.
Read moreThe T-shirt chewing enzyme ready to tackle plastic waste
A French start-up is ready to use an enzyme which can break down plastic on an industrial scale.
Read moreThe job-sharing apps that feel like online dating
New website platforms are working like matchmakers to connect potential job sharers.
Read moreSlick videos or more 'authentic' content? The Israel-Gaza battles raging on TikTok and X
Pro-Palestinian TikTok posts gain traction with Gen Z, while slicker Israeli content is popular on X.
Read moreThe electronic noses designed to prevent food poisoning
Tech firms have developed AI-powered sensors that can detect bacteria in food.
Read moreOmegle: ‘How I got the dangerous chat site closed down’
"Alice" speaks exclusively to the BBC after her successful lawsuit against Omegle forced it offline.
Read moreInfluencer charged over steroid bust
A prominent fitness influencer and business owner allegedly directed the sale of steroids and other drugs, including to an undercover police officer, using the online moniker “Flame King”, a court has been told.
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