Some might argue that the EU does not matter to China, but the bloc’s diplomatic and trade heft means Beijing should work to improve relations. The EU serves as a critical counterweight to the US and its allies, is China’s second-largest trading partner, and a key pillar in Beijing’s vision of a multipolar world.

Reddit blackout: Subreddits to go private on Monday

More than 1,000 subreddits will be inaccessible for 48 hours to protest changes.

Binance Halts Trading in Dollars on Binance.US

Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week.

Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get

The Inflation Reduction Act contains tax breaks for solar and wind companies to buy American equipment. Qualifying won’t be easy.

China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.

GM’s Electric Vehicles Will Use Tesla’s Charging Network

The electric car company, which operates the country’s most extensive charging network, struck a similar deal with Ford Motor recently.

JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm

Economic crosscurrents have divided the investing world into roughly two camps: Those who see a soft landing and those who envision something far worse.

How to Use AI to Automate the Dreaded Office Meeting

Generating a slide deck, talking points and meetings minutes can all be done in a snap. All you need are the right prompts.

Here's where a possible sale of Bed Bath & Beyond and Buy Buy Baby stands

The bankruptcy-run sale of Bed Bath & Beyond and Buy Buy Baby has once again been delayed as the company continues talks with potential bidders.

HSBC reopens mortgage offers after criticism from brokers

The bank said on Thursday it would temporarily pull new deals, indicating mortgage market pressures.

China capital: foreign investors bailed on bonds to the tune of US$7.2 billion in May

A depreciating yuan and diminished economic growth prospects in China ‘are putting investors off a market that was expected to be this year’s darling’, Natixis says

Planet stock drops 25% after satellite data venture lowers annual revenue guidance

Planet, a satellite-imagery and data-analysis company, lowered its annual revenue guidance after reporting first-quarter results Thursday.

Walmart plans to expand its specialty HIV outreach

Walmart has leaned in to providing specialty care for HIV in communities that are highly affected by the virus.

Why is China’s yuan-internationalisation push failing to meet expectations?

Beijing has been trying to get more countries to use its currency for years, but until these hurdles are cleared, the yuan’s rise as an international currency ‘will have a ceiling’.

Livestream shopping booms as small businesses strike gold on social media

The trend involves a seller broadcasting live video of themselves showing and explaining products while viewers ask questions and make purchases in real time.

Windfall tax to end if energy prices drop

The tax was introduced last year to help fund the government's scheme to lower energy bills.

Chinese EV start-up Nio forecasts sales jump for June, targets up to 25,000 deliveries for second quarter

Chinese electric vehicle start-up Nio has forecast a jump in deliveries this month after a bruising price war in mainland China’s automotive sector showed signs of abating.

Donald Trump’s Latest Indictment May Reshape the 2024 Race

The former president, who faces seven criminal charges for mishandling classified documents, is expected to surrender to authorities next week.

Former Fed Chair Ben Bernanke on Inflation, Bank Runs and More

The former Fed chairman shared his thoughts with our columnist.

The Risks of Storing Money in Apps Like Venmo and Cash App

The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble.

How Engagement Rings Explain What’s Happening in the Economy

A major jeweler claims the pandemic may have prevented people from meeting their future fiancés, cutting demand for engagement rings. Inflation and anxiety among shoppers haven’t helped.

Retailers are gamifying shopping with virtual storefronts to boost engagement, loyalty

J. Crew and a string of other retailers are turning to gamified shopping in virtual storefronts to boost engagement and customer loyalty.

CSRC vice-chairman expects more foreign fund flows into A shares although bleak economic outlook could upset picture

Fang Xinghai said foreign capital will continue to pour into mainland-listed equities as long as handsome investment returns can continue be generated.

CNN needs more than a new CEO. It needs a business strategy

Killing CNN+ set Chris Licht behind the eight ball because it left him with no clear vision for the future of the news organization.

Facebook owner Meta plans to create Twitter rival

A text-based version of Instagram could potentially let users carry across followers from other apps.

Bread to loo roll: How UK prices compare to five EU countries

UK shoppers are paying more for loo roll, butter and ketchup than some of our European neighbours, data suggests.

Hong Kong’s top finance officials flex city’s offshore yuan hub muscles at Caixin summit, Shanghai’s Lujiazui Forum

Hong Kong’s top finance officials have reiterated the city’s unique role as China’s offshore financial hub, saying the city can promote the yuan’s internationalisation at a time when tensions between Beijing and Washington are showing no signs of abating.

China’s anti-corruption body expels ex-central bank deputy Fan Yifei from Communist Party for ‘serious violations’

Former People’s Bank of China deputy governor Fan Yifei is the most senior central banker sacked as part of Beijing’s anti-corruption campaign in the financial sector over the past two years

Tesco could be breaking law on Clubcard pricing, says Which?

The consumer group claims Clubcard pricing is not clear enough but Tesco says it meets current rules.

Energy Drinks Are Surging. So Are Their Caffeine Levels.

More companies are pushing low-calorie, sugar-free beverages they say are healthy. Some servings have nearly the same level of caffeine as a six-pack of Coca-Cola.

Zomato takes down controversial ad depicting Dalit character

Zomato takes down an advert that faced backlash for its depiction of a Dalit character.

Qantas: Australian airline relaxes gender-based uniform rules

Under the new policy, women workers will no longer have to wear heels and makeup while at work.

The divisive debate over California's anti-caste bill

California will become the first US state to ban caste discrimination if the legislation is approved.

Rishi Sunak and Joe Biden announce green funding agreement

The UK-US Atlantic Declaration "sets a new standard for economic cooperation", Rishi Sunak says.

Supreme Court backs Jack Daniel's in dog toy row

"This case is about dog toys and whiskey, two items seldom appearing in the same sentence," a judge wrote.

GM CEO Mary Barra says Tesla charging deal will save the automaker up to $400 million

GM said in October 2021 it planned to spend $750 million on electric vehicle charging infrastructure in the U.S. and Canada.

China’s central bank chief calls for ‘confidence, patience’ amid weak economic data

Central bank governor Yi Gang said on Friday that ‘China has strong economic resilience, big [growth] potential and ample policy space’ after weak inflation data had earlier added to concerns over the economy.

GM to use Tesla charging network, joining Ford in leveraging the EV leader's tech

GM, like Ford, will begin installing a charging port used by Tesla, known as NACS, instead of the current industry-standard CCS in its EVs starting in 2025.

Canada wildfire smoke again disrupts flights in the Eastern U.S.

Poor visibility from Canada wildfire smoke delayed flights at airports in New York City, Philadelphia, Charlotte and Washington, D.C.

China’s cruise liner breakthrough marks crowning glory, but ambition to climb high-value chain faces challenges

China’s first home-grown large cruise liner undocked in Shanghai this week as Beijing eyes a shift to high-end manufacturing while also narrowing the tech gap with global rivals such as South Korea.

FDA advisors recommend AstraZeneca, Sanofi antibody to protect babies from RSV

If the Food and Drug Administration approves nirsevimab, it will be the first medical intervention available in the U.S. that can protect infants from RSV.

After a Rocky Year, Zuckerberg Lays Out Meta’s Road Map to Employees

In an internal all-hands meeting, the chief executive explained his plans for artificial intelligence, the metaverse and rebooting Meta’s culture.

Richard E. Snyder, 90, Dies; Drove Simon & Schuster to New Heights

In two decades of leadership at the publishing house, he helped remold a clubby book industry into a diversified and highly profitable corporate enterprise.

A Reporter Investigated Sexual Misconduct. Then the Attacks Began.

After publishing an exposé, journalists in New Hampshire faced broken windows, vulgar graffiti and a legal brawl, with important First Amendment implications.

What Is the Saudi Sovereign Wealth Fund?

The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.

House lawmakers introduce bipartisan bill requiring total disclosure of ticketing fees

Lawmakers introduced the TICKET Act to force ticket vendors to disclose all fees upfront at the time of purchase.

Carvana shares surge after the company boosts second-quarter guidance

Online used-car retailer Carvana said its second-quarter results would likely come in ahead of its earlier expectations as cost-reduction measures take hold.

Warner Bros. Discovery stock rises for second straight day as company pays down debt

Warner Bros. Discovery said it paid off a chunk of debt this quarter, a development overshadowed by the departure of CNN chief Chris Licht.

Pivots That Helped Businesses Through the Pandemic Have Endured

A challenging time proved to be fertile ground for experimentation that continues to pay off.

The shortage of houses is hitting some people and areas harder than others

The U.S. is facing a shortage of affordable houses relative to only a few years ago, and it's hitting cities such as El Paso, Boise and Spokane the hardest.

CNN’s New Leaders Try to Move On From Chris Licht’s Stormy Tenure

The company’s new leaders — who include a longtime aide to Warner Bros. Discovery’s C.E.O., David Zaslav — are trying to move on from the stormy tenure of CNN’s former leader Chris Licht.

Supreme Court Rules Against Dog Toy Resembling Jack Daniel’s Bottle

The case, a trademark dispute, pitted Jack Daniel’s against Bad Spaniels Silly Squeakers, which looks like the distiller’s distinctive bottle and adds potty humor.

Eurozone Slipped Into Recession Early in the Year

A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year.

Louisiana Passes Bill That Would Require Parental Consent for Kids’ Online Accounts

The measure would allow parents to cancel the contracts underlying their children’s accounts on sites like TikTok, Instagram, Roblox and YouTube.

GM to invest $500 million to build next-generation Cadillac Escalade, other large SUVs

The notably profitable SUVs remain in high demand, and sales are needed to assist in funding the automaker's investments in EVs.

U.S. Economy’s Staying Power Poses Big Questions for the Fed

The Federal Reserve has been trying to slow growth without tanking it. Now, officials must ask if inflation can cool amid signs of resilience.

GMB union accuses Amazon UK of 'dirty tricks' in recognition battle

Union withdraws its bid for recognition at Amazon's Coventry warehouse but vows to fight on.

Odey Asset Management investigated as sexual harassment claims emerge

News of the investigation comes as founder Mr Odey is accused of sexually harassing or assaulting 13 women.

A New Website Helps Travelers Find the Cheapest Hotel Room

The website, which offers hotel deals and then monitors them for price changes, is the newest player in the price-hacking travel game.

Ronnie Cummins, Scourge of Genetically Modified Food, Dies at 76

A lifelong protester, he became a leading promoter of organic food and a forceful critic of a food industry that genetically engineers what it produces and sells.

Eurozone in recession as rising prices hit spending

Revised data shows the eurozone's economy contracted at the end of last year and the start of 2023.

Does CNN’s Turmoil Mean There’s No Room on Cable for Independent News?

Chris Licht’s tenure illuminated how increasingly hard it can be to find success on the divided cable news dial.

China’s first home-built large cruise liner timeline 2006-23: shipbuilding breakthrough charters new waters

China’s first home-grown large cruise liner, the 135,500-tonne Adora Magic City, left its dock in Shanghai on June 6 after nearly four years of construction ahead of a series of sea trials.

What it takes to turn an old passenger plane into a cargo hauler

A boom in air cargo fueled record orders for old passenger planes to be converted into freighter aircraft.

GameStop shares plunge after big executive shake-up

GameStop fired its CEO and appointed Ryan Cohen as executive chairman just months after the company reported its first quarterly profit in two years.

China’s state banks cut deposit rates to bolster economy, but officials at Lujiazui Forum remain tight-lipped

China’s big five state-owned banks lowered deposit rates for the first time this year on Thursday, but top officials offered little clues on the opening day of the Lujiazui Forum.

QFLP scheme: IDG Capital, Brookfield among 7 firms granted access by Shanghai to unlisted firms

Shanghai has approved another seven institutions – including IDG Capital and Brookfield – for the QFLP scheme, which allows foreign funds to buy shares in unlisted companies and launch yuan-denominated venture-capital products.

'Massive shift' in food shopping habits as prices soar

Shoppers are visiting discounters more, buying own-label goods and turning to loyalty schemes for discounts.

PGA Tour merger with LIV Golf triggers confusion about sponsorships, antitrust

The PGA Tour's announced merger with rival LIV Golf leaves questions surrounding the future of sponsorships and regulatory review.

How Lionel Messi’s Miami Deal Stymied Saudi Arabia

A complex arrangement, involving Apple, to bring the soccer star to Miami shows how to trump the free-spending kingdom — and how hard that may be to duplicate.

Banks accused of 'measly' interest rates on savings

MPs criticise banks as instant access savings rates sit well below the Bank of England base rate.

China expected to be world’s largest importer of clean hydrogen, Deloitte says as it urges world to scale up production capacity by 2050

China is estimated to be the world’s largest importer of clean hydrogen, requiring 13 million tonnes of imported hydrogen a year by 2030, Deloitte report says.

Does German firms’ hot take on China business show limits of Beijing’s charm offensive?

Survey finds ‘profound’ geopolitical implications from international tensions are weighing on the confidence of German investors in China, while Beijing’s business-boosting efforts are deemed lacking.

Khan Academy’s AI Tutor Bot Aims to Reshape Learning

Proponents see the tools as a way to automatically customize academic support. They could also make children test subjects for A.I. experiments.

Who Are the 4 People Running CNN Now?

The network will be managed on an interim basis by a group of executives.

Not Just Math Quizzes: Khan Academy’s Tutoring Bot Offers Playful Features

The new, A.I.-assisted Khanmigo allows students to chat with simulated historical figures or co-write stories with the software.

Sir Ivan Menezes: Boss of Guinness maker Diageo dies at 63

India-born Sir Ivan Menezes was the chief executive of the world's biggest spirits company.

China’s new financial gatekeeper Li Yunze strikes an optimistic note, vowing to wipe out ‘blind spots’ to protect economy from risks

The core objective of financial regulation is to prevent any systemic risks from the banking, insurance or securities industries from hurting the underlying economy or pushing the growth trend off track, Li said.

Hundreds of New York-area flights delayed as Canada wildfire smoke cuts visibility

The smoke reduced visibility and caused hundreds of flight delays in the New York City-area and in Philadelphia.

A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.

Why Singapore is the only place in the world selling lab-grown meat

US-based Eat Just says its product is ethical, clean and green but scientists say it may just be a novelty.

Crypto: 24-hour cooling-off period included in ad overhaul

Crypto bosses could face up to two years' imprisonment if they fail to comply with the new rules.

CNN CEO Chris Licht out after Trump town hall fallout, brutal Atlantic article

Chris Licht is out at CNN after leading the news network for a little more than a year.

More pain for renters as landlords look to sell up

Rising borrowing costs and plans for stricter rules are affecting the rental sector, surveyors say.

Chris Licht Is Out at CNN, Leaving Network at a Crossroads

Mr. Licht’s turbulent time running the 24-hour news organization lasted slightly more than a year.

Los Angeles Times to Cut More Than 10% of Newsroom

“The restructuring stems from the same persistent economic headwinds facing news media across the country,” the executive editor said in an email to the staff.

No ‘smear’ tactics, more say for China in global debt-relief efforts, urges former PBOC head Zhou Xiaochuan

The former governor of China’s central bank says the West’s debt-trap claims, along with the pandemic, have affected Chinese investment in countries under the Belt and Road Initiative.

David Zaslav Picked Chris Licht to Revamp CNN. Now What?

Mr. Zaslav, the head of Warner Bros. Discovery, must find a new leader who shares his vision for the network and can figure out its financial future.

The AI Boom Is Pulling Tech Entrepreneurs Back to San Francisco

Tech entrepreneurs who left the Bay Area during the pandemic say they can’t afford to miss out on the funding, hackathons and networking of the artificial intelligence frenzy.

Universal Says On-Demand Film Strategy Has Increased Audience

The studio let viewers rent or buy movies earlier for a higher price. This made more than $1 billion in less than three years, with nearly no decrease in box-office sales.

Timeline: What Led to Chris Licht’s Firing at CNN

The cable news network has struggled to weather a series of controversies, which culminated this week in the sudden departure of its chairman, Chris Licht, after a chaotic run at the top.

Binance Moved Billions Through Two U.S. Banks, Regulators Say

The S.E.C. shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies.

Boeing sued over alleged theft of IP, counterfeiting of tools used on NASA projects

Wilson Aerospace, a family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property.

Russia and Saudi Arabia’s Oil Partnership Shows Strain

Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.

Senators Accuse TikTok of Misleading Congress on U.S. User Data

Two senators sent a letter to TikTok’s C.E.O. with questions about how user data may be stored and seen in China after new reports in May.

Turkey’s Lira Falls to New Low as a New Economic Policy Forms

The lira plunged 7 percent against the U.S. dollar, as a new finance minister promising “rational” economic policy takes charge

Hong Kong Asks Court to Stop Protest Anthem From Circulating Online

Efforts to ban “Glory to Hong Kong,” a song popularized during pro-democracy protests in 2019, could set up a legal battle between tech giants and Hong Kong.

4 takeaways from China’s May trade data as exports tumbled

China’s exports fell by 7.5 per cent in May compared with a year earlier, while imports dropped by 4.5 per cent last month, year on year, after Beijing pledged to shore up trade to support the overall economic recovery.

China’s yuan seen as ‘new choice’ for RCEP, may match pound and yen in 10 years, report says

Bank of China report says more than 90 per cent of domestic and foreign firms believe ‘strongly’ using the yuan could steady trade within the Asia-Pacific region as Beijing presses on to increase global use for the currency.

Apple Bets the Vision Pro Can Take the Metaverse Mainstream

The iPhone maker is making a bold bet that it can redefine the niche category of virtual reality with its $3,500 goggles.

Citi CEO Jane Fraser joins likes of Elon Musk, Jamie Dimon in visiting China after its reopening

Fraser expressed ‘full confidence in China’s economic and financial development’ and pledged to expand business in the country, the National Administration of Financial Regulation said.

Used car prices are falling as sales soften amid high interest rates

Cox Automotive reported a 2.7% decline from April to May in its used vehicle index, which tracks vehicles sold at its U.S. wholesale dealership auctions.

A.I. worries Hollywood actors as they enter high-stakes union talks

Hollywood's acting guild is looking for guardrails for the use of artificial intelligence as contract talks with producers begin Wednesday.

Taiwan’s tech industry not ‘hollowing out’ as chips head to US, AmCham says, but exports offer weak support

Nine straight months of declining exports saw shipments of Taiwanese electronics fall by 9.9 per cent in May, year on year, but American Chamber of Commerce says concerns are ‘misplaced’ about investment shifting to US.

Millionaires are hoarding cash, betting on higher rates, CNBC survey says

Wealthy investors are still cautious on the stock market, but not as bearish as they were at the start of the year.

PGA Tour-LIV Golf Deal Bolsters Saudi Arabia’s Global Ambitions

An agreement to merge LIV Golf with the PGA Tour is the latest step in the kingdom’s push to become a global force beyond oil.

Mortgage demand drops despite rates coming off recent highs

Mortgage rates fell back from their recent highs, but demand dropped for the fourth straight week.

Starbucks’ China rival Luckin Coffee opens 10,000th shop amid fight for expected 1 trillion yuan market

Luckin Coffee opened 1,137 stores in the first quarter, beating Starbucks, which opened 153 and trails the domestic chain by more than 3,700 locations.

Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets

The S.E.C.’s actions indicate a push to require crypto businesses offering securities to follow the same rules as traditional stock and bond exchanges.

The High Cost of Bad Credit

Desperate to improve their ratings, Americans now spend billions on “credit repair” — but the industry often can’t deliver on its promises.

These Wheelchairs Are Helping Disabled Travelers Enjoy the Beach

Wheelchairs with balloon-like tires are available at a growing number of U.S. beaches, giving disabled people and their families more options for fun in the sun.

Crypto Firms Start Looking Abroad as U.S. Cracks Down

As the country becomes one of the world’s strictest crypto regulators, companies are exploring plans to expand internationally and possibly leave entirely.

Chinese EV start-up Hozon ramps up exports as it cashes in on popularity of Neta SUV in Southeast Asia

Shanghai-based Hozon follows up exports of 3,600 cars in March with another batch of 4,000 units recently, according to a statement on its WeChat account.

China trade: exports tumble in May, adding to calls for Beijing to boost domestic consumption ‘with worst yet to come’

Weak exports caused by falling global demand have increased the pressure for Beijing to boost domestic consumption, analysts said, after China’s exports fell by 7.5 per cent in May compared with a year earlier.

Tucker Carlson Posts First Installment of New Show on Twitter

The 10-minute video was similar to a stripped-down version of his former Fox program.

Hong Kong virtual bank Ping An OneConnect to expand lending to retail SMEs to capture post-Covid growth opportunities, CEO says

Ping An OneConnect Bank, the Hong Kong virtual lender indirectly owned by Ping An Insurance, plans to increase lending to SMEs in the retail sector to capture growth opportunities in the post-Covid-19 era, its CEO said.

Venture Capital Giant Sequoia Spins Off China and India Units

The Silicon Valley firm said the split would simplify its business, amid rising tensions between the United States and China over technology investment and development.

SEC Sues Coinbase, Accuses Crypto Platform of Breaking Market Rules

The S.E.C. said the cryptocurrency platform allowed users to trade unregistered securities, a day after it accused the crypto platform Binance of mishandling funds.

Taiwan’s labour reputation hit as Greenpeace urges downgrade over migrant-worker violations

With the world’s second-largest fishing fleet, Taiwan is at risk of being shunned by foreign workers from Southeast Asia, including Vietnam, Indonesia and the Philippines, at a time when it is desperate to shore up its workforce.

Hotelier Stops Making Loan Payments on Two San Francisco Properties

Park Hotels & Resorts said it stopped making payments on a $725 million loan tied to two prominent hotels in a city hit hard by pandemic-related changes.

Merck Sues Over Medicare Drug-Price Negotiation Law

The company is heavily reliant on a cancer drug that could be targeted by a program intended to lower drug prices.

Spotify Podcast Layoffs Will Affect Gimlet and Parcast Workers

Spotify said it was cutting 2 percent of its work force and absorbing two popular podcast studios, Gimlet Media and Parcast, into Spotify Studios.

Why are doubts about China’s export data increasing amid a stalling economic recovery?

As China’s export data continues to beat market expectations, some people are asking whether the data can be believed.

Food security breakthrough for China with ‘new record’ rapeseed production from salty soil

New salt-tolerant species and technologies were trialled in salty land in Dongtai city in east China’s Jiangsu province in the latest evidence of China’s food self-sufficiency drive.

World Bank Projects Weak Global Growth Amid Rising Interest Rates

A new report projects that economic growth will slow this year and remain weak in 2024.

China’s May economic data in spotlight as investors fret about recovery, lack of action

Amid worrisome takes on China’s post-Covid recovery, Beijing should release trade and inflation data later this week, while figures on unemployment, investment, industrial output and retail sales are due June 15.

LGBTQ Travelers Venture to Places Where Being Gay Is Illegal

Tropical reefs, safaris, the pyramids: L.G.B.T.Q. travel companies deliver dream vacations, even to places where being out and proud could land you in prison.

Supercharged BYD overtakes LG as world’s No 2 EV battery supplier as electrification drive quickens

BYD has gone past LG Energy Solution as the world’s second-largest electric vehicle battery producer, reinforcing China’s dominance of the industry as EV adoption picks up pace globally.

China’s first home-grown large cruise liner undocks in Shanghai in breakthrough for shipbuilding, high-end manufacturing

China’s first home-grown large cruise liner, the 135,500-tonne Adora Magic City, left its dock in Shanghai on Tuesday after nearly four years of construction ahead of a series of sea trials.

Shanghai start-up Changing Bio turns yeast into alternative dairy products to meet China’s surging protein demand

Changing Bio has launched a range of dairy products such as whipping cream, cheese powder and ice-cream made from a microbial ingredient called Kluvy Protein, which has been approved by the Chinese regulator.

Why millions of usable hard drives are being destroyed

It is estimated that 90% of hard drives are destroyed. Why aren't more wiped and reused?

Beijing must take action to bolster growth, but do not expect drastic moves in the near term

There is broad consensus that the central government must act to counteract anaemic post-pandemic growth, as premiers have done in the past.

Want to try China’s first domestically grown durian? Better head to Hainan, or wait a few years

Only about 50 tonnes of durian are now expected be produced in Hainan this year – far less than earlier estimates and nowhere close to the roughly 1 million tonnes that China will consume this year.

What does China’s manufacturing, services activity from May say about the economic outlook?

China’s purchasing managers’ indices (PMI) provide early indications each month of economic activities in the manufacturing, services and construction sectors.

Will a unified domestic market be a trump card to tackle China’s economic growth problems and US threats?

Beijing released guidelines on accelerating the establishment of a unified domestic market in April 2022, which is intended to enable a more efficient and smooth flow of production factors, including labour, goods, capital and data.

Who is Linda Yaccarino, Twitter's 'superwoman'?

Linda Yaccarino has started her new post as chief executive of Twitter, a few weeks ahead of schedule.

H&M shuts flagship store in Beijing’s Sanlitun district a year after closing Covid-hit Shanghai shop

Swedish fast-fashion brand H&M is closing its iconic store in Beijing’s Sanlitun shopping district on Sunday, after demand failed to bounce back following an end to China’s strict Covid-19 restrictions.

Can China spend its way back to glory days of economic growth?

Global economic confidence is still under pressure, although the US debt ceiling crisis has been averted. As world trade conditions weigh on Chinese exports, there is scope for higher domestic consumer demand or more investment in key infrastructure projects.

China to crack down on monopolies while improving access for foreign investors in reform push

China will amend its anti-unfair competition law, introduce regulations under the fair-competition review system and expand market access for foreign investment as part of efforts to create a unified domestic market.

China jobs: is ‘flexible’ work the only solution to unemployment woes?

With youth joblessness reaching a record high, some universities are again trying to pad the employment figures among graduates by pushing students into freelancing and entrepreneurships.

China’s services activity picks up in May as new orders shore up consumption-led economic recovery

Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.1 in May from 56.4 in April, data released on Monday showed.

Susannah Dale: I want to help keep mothers in the workplace

Susannah Dale is urging firms to sign a "maternity pledge", to support pregnant staff and new mums.

Can China’s yuan stake a bigger claim for global prominence following US debt ceiling crisis?

As the US government flirted with a debt default last month, some analysts see more opportunities opening up for China and the yuan.

As China’s local governments struggle to repay debts, should Beijing shoulder some of the burden?

Concerns about city and county government default risks are mounting in China as Beijing’s willingness to offer enough support to avert a meltdown is questioned.

'Mortgage costs right now are terrifying'

With rates rising and mortgages disappearing from the market, buyers reveal their struggles to get a deal.

China-Australia trade: what’s the state of relations after 3 years of ups and downs?

Diplomacy between Beijing and Canberra took a nosedive in 2020, but two recent trade-minister meetings and a relaxation of import curbs show how the tide appears to be turning.

Western ‘de-risking’ from China without decoupling makes little sense and only aggravates tensions

G7 nations and their Western allies have made clear their intent to ‘de-risk’ ties with China without fully decoupling. However, the inability to clearly define the term and differences of opinion between allies on how to proceed could render the efforts ineffective.

China hopes to build ‘high-quality economic relationship’ with Argentina as South America pivot rolls on

Chinese commerce minister Wang Wentao met with Argentinian counterpart Sergio Massa on Thursday amid China’s push to expand its footprint in South America.

China’s soaking wet wheat faces more weekend rain, putting farmers at risk of greater losses

Blight and pre-harvest germination have ruined vast swathes of China’s wheat-production base, prompting local authorities and state stockpiler Sinograin to ramp up efforts to save the critical crop.

Do train strikes still have any impact?

Rail workers have walked out on the 29th day of industrial action but are travellers adapting?

China’s economic recovery faces challenging summer as hydropower producer sizzles amid drought

Hydropower-reliant Yunnan province cannot generate as much electricity amid low water inflows, and months of diminished rainfall threaten to have a broader impact on other regions.

Taiwan market luring more Japanese corporate investments amid China tensions, supply-chain fears

The main goal among Japanese firms at the Computex Taipei tech show is ‘connecting with manufacturers’ in Taiwan at a time when tech supply chains are being rapidly realigned.

The West’s fight against China’s ‘economic coercion’ is misguided and misleading

China has been a victim of Western sanctions for decades. The G7’s plan to take trade disputes into its own hands only weakens the WTO and suggests selfish geopolitical aims.

Elizabeth Holmes has gone to prison. Will she ever pay victims too?

Experts say victims often never get their money back from those who defrauded them.

Nvidia: The chip maker that became an AI superpower

Innovation and good timing combined to make California's Nvidia the dominant firm for AI computer chips.

The 'exploding' demand for giant heat pumps

Whole towns in Europe are being heated by huge, energy efficient heat pumps.

When will we start seeing energy bill deals again?

With bills set to drop from July, fixed deals could be due to make a comeback, say experts.

Is the spike in strike action here to stay?

BBC economics editor Faisal Islam asks whether a historic surge in industrial action is likely to persist.

Men found clinging to submerged car

Two men have been dramatically rescued from fast moving flood waters in Victoria’s north after they were spotted clinging to the back of their vehicle.

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EU is too important, diplomatically and economically, for China to neglect relations