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WeWork Misses $95 Million in Interest Payments
The move, another sign of the company’s financial troubles, are intended to start negotiations with lenders, it said.
Read moreThe Americans Most Threatened by Eviction: Young Children
About a quarter of Black babies and toddlers in rental households face the threat of eviction in a typical year, a new study says, and all children are disproportionately at risk.
Read moreMicrosoft C.E.O. Testifies That Google’s Power in Search Is Ubiquitous
Satya Nadella, the chief executive of Microsoft, is the government’s biggest-name witness in its landmark antitrust case against Google.
Read moreTom Hanks Warns of Dental Ad Using A.I. Version of Him
Mr. Hanks and the CBS anchor Gayle King both said their likenesses were used in unauthorized advertisements, as worries have grown over the unregulated use of artificial intelligence.
Read moreOddity Tech expects revenue growth up to 31%, according to preliminary third-quarter results
Il Makiage and Spoiled Child parent company Oddity Tech started trading on the Nasdaq in July and has seen shares fall by about 50%.
Read moreSphere Entertainment stock soars 11% after Las Vegas venue opening
Sphere Entertainment's stock jumped after the company opened its newest venue in Las Vegas over the weekend.
Read moreDrugmakers opt in to Medicare drug price negotiations – here's what happens next
The lengthy negotiation process with Medicare won't end until August 2024, with reduced prices going into effect in January 2026.
Read moreRivian reports better-than-expected EV deliveries for the third quarter
Rivian said it delivered more than 15,000 EVs in the third quarter and that it's on track to hit its full-year production guidance.
Read morePhiladelphia Journalist Is Killed in His Home
Josh Kruger, 39, was shot seven times. The police said that no arrests had been made.
Read moreLate-night shows return as actors restart negotiations with Hollywood studios
Late-night hosts return to TV on Monday as striking Hollywood actors resume talks with major studios.
Read moreFCC enforces first space debris penalty in $150,000 settlement with Dish
The Federal Communications Commission announced a settlement with Dish Network on Monday in the regulator's first penalty regarding space debris.
Read moreHow a Pricing Change Led to a Revolt by Unity’s Video Game Developers
In an industry where customers are slow to trust and quick to criticize, a new fee from Unity infuriated studios that use its platform.
Read moreChina Evergrande’s Founder: The Rise and Fall of Hui Ka Yan
Hui Ka Yan, who grew up poor in the countryside, was a symbol of China’s economic rise. With Evergrande teetering, his future is uncertain, too.
Read moreTesla’s Sales Slip as It Readies Factories for New Models
Analysts expected a decline in sales for the quarter. Still, the dip may raise concerns about flagging demand.
Read moreFast-food drive-thru lanes speed up as fewer drivers wait in line
The average total time spent in a drive-thru lane shrank 29 seconds this year, according to Intouch Insight.
Read moreNational living wage to rise to £11 an hour, Jeremy Hunt confirms
The move will help two million of the lowest-paid workers, the chancellor tells the Tory conference.
Read moreAbercrombie & Fitch ex-CEO accused of exploiting men for sex
An organised network recruited men for sex with Abercrombie & Fitch’s then-CEO - BBC investigation.
Read moreJohn Lewis boss Dame Sharon White to step down after five years
Dame Sharon White will leave at the end of her term, making her the shortest-serving chair in the retailer's history.
Read moreUkraine’s War of Drones Runs Into an Obstacle: China
As the war with Russia stretches on, so too does a contest to make more and deadlier flying machines. That means a fight over global electronics supply chains that run through China.
Read moreSAG-AFTRA Negotiator a Key Player as Talks Set to Resume in Actors Strike
Duncan Crabtree-Ireland, the lead negotiator for SAG-AFTRA, will be a key player as the guild begins talks with the studios again on Monday.
Read moreHome buyers choosing smaller properties and 35-year mortgages
House prices fall but some young buyers are considering smaller homes and longer-term loans, surveys suggest.
Read moreFTX’s Sam Bankman-Fried Will Go on Trial on Tuesday
Sam Bankman-Fried, the founder of the failed crypto exchange FTX, gets his day in court on Tuesday. The trial will shine a harsh glare on the wider sector.
Read moreWater firms want bill rises to cut leaks and spills
Companies in England and Wales want to charge up to £84 a year more in 2025, rising to £156 extra by 2030.
Read moreWhy your new Apple iPhone 15 is overheating
The firm says a bug in its operating system and updates to apps like Instagram are behind the issue.
Read moreTrain strikes: What days in October will rail travel be disrupted?
Train drivers are set to strike again, and London Underground staff are also taking action.
Read moreChina sees travel booming in first ‘golden week’ holiday since end of Covid restrictions
Number of trips taken by car, train, plane or boat all saw heavy increases compared with last year.
Read moreWho’s Rooting Hardest for a Sam Bankman-Fried Conviction? The Crypto Industry.
Crypto insiders, who have been trying to distance themselves from the FTX founder, are united in their zeal to see Mr. Bankman-Fried held to account.
Read moreCrypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning
The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry.
Read moreGiving River Cruising a Try in France
On a first-time luxury river cruise in France, our reporter learns why this all-inclusive trip, despite its expense, was worth it.
Read moreCrisis? What crisis? China’s domestic tourism is booming
While Southeast Asian tourism is feeling the lack of Chinese travellers, China’s domestic tourist market is a glowing picture of Chinese consumption. Fewer Chinese travellers are venturing overseas, not just because of the economic outlook, but also because of the growing appeal of domestic tourism.
Read moreFirst class stamp price jumps to £1.25
The third rise in 18 months comes as Royal Mail seeks to cover higher delivery costs while letter numbers fall.
Read moreChina Belt and Road: Indonesia opens Whoosh high-speed railway
The project under Belt and Road links the capital Jakarta with the economic hub of Bandung.
Read moreChinese-backed Asian Infrastructure Investment Bank seeks to boost Ivory Coast’s trade links to Asia with road upgrade scheme
The project to upgrade 7,000km of roads will help link the agricultural north of the country with major export hubs, including the port of Abidjan.
Read moreGolden Week: Chinese seek cheap wanderlust in economic gloom
A sluggish economy forces young Chinese to travel cheaply for this year's holiday.
Read moreConsumer Agency Moves to Ban Medical Debt From Credit Reports
Millions of Americans owe money to doctors and hospitals, and that debt can affect their ability to get loans or even a job.
Read moreBeijing craft brewers add Chinese flavours as Great Leap, other microbreweries grapple with expat exodus
Beijing brewpubs that traditionally catered to Westerners are diversifying their menus in favour of local tastes amid a 40 per cent decline in expats.
Read moreAukus: UK defence giant BAE Systems wins £3.95bn submarine contract
The deal will provide decades of work at BAE Systems' shipyard in Barrow-in-Furness, Cumbria.
Read moreChinese households opt for domestic goods as budgets tighten, national pride swells
Economic torpor has buyers passing by pricey international items on the shelves, substituting in more modestly priced domestic competitors. Could this phenomenon help China’s brands win global market share?
Read moreChipotle Sued After Manager Allegedly Pulled Off Worker’s Hijab in Kansas
An official with the Equal Employment Opportunity Commission, which filed the lawsuit, said the nature of the allegations was “quite egregious.”
Read moreWall Street’s Most Hated Regulator Faces a Fundamental Threat
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
Read moreRishi Sunak refuses to commit to pre-election tax cuts
The PM says his focus is easing living costs, amid Tory unrest on day one of the party's conference.
Read moreHS2: Rishi Sunak refuses to commit to Manchester link
The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester.
Read morePandemic Relief Funding for Child Care Is Ending. What Now?
More than 80 percent of licensed child care providers in the United States received the grants, which they used to pay bills and raise wages for staff.
Read moreXi Jinping highlights importance of innovation on path to ‘Chinese-style modernisation’
Extracts from a recently published speech show Xi urged officials to balance development and security and not ‘cling rigidly’ to ideas.
Read moreBig Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom
Kellogg, J.M. Smucker and other food companies are making big bets on snacking, but the rise of Wegovy and Ozempic could pose a threat to future sales growth.
Read moreShanghai faces first mortgage boycott as stalled housing project angers homebuyers
Homeowners of The One-Rivera Shanghai say the residential complex appears nowhere near completion despite missing two delivery deadlines, raising the prospect of a boycott on mortgage payments that threatens to worsen sentiment in China’s embattled property sector.
Read moreChina’s film industry rides a summer wave of pandemic-delayed movies but will it last?
Summer box office results offer a bright spot amid the nation’s uneven consumption-led economic recovery, against the backdrop of weaker retail sales and real estate investments.
Read moreDone right, China’s new voluntary carbon credit market can be a game changer
Since China halted the scheme in 2017, international scrutiny of carbon credits has intensified and expectations will be high. To fulfil its potential as a world-leading standard, progressive reforms are needed
Read moreThe Honey Pot: What’s Behind the Rise of the New Feminine Care Brand
Brands selling feminine care products have dropped the euphemisms to sell to younger consumers. But are they still capitalizing on old stigmas?
Read moreShoplifter: Police need to stop people like me
A persistent shoplifter says stealing is easy and that police could do more to stop people like her.
Read moreGrowth slows in China’s factory, services sectors as economy struggles to find footing: Caixin PMI
Some signs of stabilisation after policy efforts but property, jobs and exports slumps still weigh.
Read moreBan on single-use plastic cutlery comes into force in England
Polystyrene cups and balloon sticks are also banned in England as part of efforts to cut waste.
Read moreWinter warning as new energy price cap comes in
The annual energy bill for a typical household falls on Sunday but is high by historical standards.
Read moreIceland boss quits Tories labelling party 'out of touch'
Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference.
Read moreJetBlue raises flight attendant pay, union agrees to support merger with Spirit
JetBlue is raising flight attendant pay by 5% while union agreed to support the airline's acquisition of budget carrier Spirit.
Read moreThe Harvard Professor and the Bloggers
When Francesca Gino, a rising academic star, was accused of falsifying data — about how to stop dishonesty — it didn’t just torch her career. It inflamed a crisis in behavioral science.
Read moreIPOs, Inflation Data and More Are at Risk in a Shutdown
Important economic data could be delayed, as could regulators’ decisions on mergers and new public listings.
Read moreDe-risking from China? That way lies economic disaster
Amid shifts in geopolitics, supply chains and global trade, companies have been scared into rethinking how they operate and invest. Government officials who are reshaping the world economy without a sound understanding of consequences could well break the system.
Read moreEnergy bills forecast to rise in January to £1,996
Analysts at Cornwall Insight say higher wholesale energy prices will drive bills up by £73 a year.
Read moreTrain strikes set to cause travel disruption
Aslef union members are walking out in a long-running dispute over pay and conditions.
Read moreChina’s plan to boost tourism promises easier visas, payment methods and travel bookings for foreigners
As country kicks off ‘golden week’ holiday, Beijing unveils wide-ranging scheme to lure international travellers in bid to reinvigorate sluggish economy.
Read moreU.A.W. Expands Strikes at Ford and G.M.
The United Automobile Workers union said 7,000 more of its members would walk off the job two weeks after it began strikes at the Big Three automakers.
Read moreChina Evergrande’s Problems Are Only Getting Worse
The Chinese property developer’s efforts to restructure more than $300 billion in debt are being complicated by criminal investigations into current and former executives.
Read moreChina’s manufacturing expands for first time in 6 months in latest sign of stabilising economy
Official manufacturing PMI rises to 50.2 in September from 49.7 in August, shifting to expansion range after five months of contraction as support policies take effect, but recovery still faces headwinds from fierce competition, costs and tight funds.
Read moreHow China’s Property Crisis Is Testing Its Too-Big-to-Fail Banks
Banks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive control of the system.
Read moreFederal judge declines to block Medicare drug price negotiations
Judge Michael Newman of the Southern District of Ohio issued a ruling denying a preliminary injunction sought by the Chamber of Commerce.
Read moreChina’s indebted local governments splash out billions to save struggling small banks
Poor liquidity at China’s regional banks could trigger instability in the state-owned financial system, reduce the credit supply for the real economy, and potentially spill over to a wide range of industries.
Read moreWestern bias against China’s belt and road is hobbling climate action
As a green tech powerhouse, China can accelerate the Global South’s digital transition and foster a more sustainable model of economic growth. But the West remains obsessed with China’s perceived threat.
Read moreI.R.S. Contractor Charged With Leaking Tax Returns
The federal charges are said to involve disclosure of tax information from Donald Trump and other wealthy taxpayers.
Read moreToys ‘R’ Us Plans New Flagship Stores
WHP Global, the parent company of Toys “R” Us, said on Friday it would open up to two dozen flagship stores starting next year, along with shops in airports and cruise ships.
Read moreMainland China consumer market still holds appeal for Taiwanese investors, despite tensions
Though changing circumstances have made previously reliable investment models obsolete, Taiwanese investors still see mainland China as an attractive destination for their capital.
Read moreFord CEO says UAW is 'holding the deal hostage' over EV battery plants
Multibillion-dollar EV battery plants are crucial to the automotive industry's future and uniquely positioned to have wide-ranging implications for the UAW.
Read moreEvergrande: The rise and fall of the property giant's billionaire founder
Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance.
Read moreWall Street on Edge After Worst Month of the Year
A series of potential problems, including rising oil prices and labor strikes, have prompted a much warier mood among investors.
Read moreUAW announces new strikes at GM and Ford plants, spares Stellantis citing 'momentum' in talks
About 6,900 autoworkers will take part in the latest wave of work stoppages, joining roughly 18,300 workers who are currently on strike for the union.
Read moreBlue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Blue Apron has in recent months transitioned to become a more asset-light business, selling its operational infrastructure and laying off staff.
Read moreWhy High Interest Rates and Energy Prices Are Stressing the Economy
Treasury rates and oil and gasoline prices have been increasing, putting the Fed in a difficult spot, our columnist says.
Read moreHyundai and Kia Recall 3.4 Million Cars, Telling Drivers to Park Outside
Auto safety regulators are concerned about possible fires caused by brake fluid leaks.
Read moreRobert Day, Financier and Philanthropist, Dies at 79
An heir to an oil fortune, he built his own empire with TCW Group and was an influential California donor, including to his alma mater, Claremont McKenna College.
Read moreTom Conway, Steelworkers President and Biden Ally, Dies at 71
A tough but pragmatic negotiator, he led his union through decades of tumult, then helped drive through the president’s infrastructure plans.
Read moreLegal Arrangement in ‘Blind Side’ Case Is Terminated
A judge ended a nearly 20-year-old conservatorship that had given a couple broad authority over the affairs of the former N.F.L. player Michael Oher.
Read moreA Silver Lining From the Pandemic: A Surge in Start-ups
New research suggests that big shifts in consumer and company behavior — and maybe federal stimulus dollars — have fueled entrepreneurship.
Read moreFact Checkers Take Stock of Their Efforts: ‘It’s Not Getting Better’
The momentum behind organizations that aim to combat online falsehoods has started to taper off.
Read moreTransactions Between Bernard Arnault and Russian Businessman Face Scrutiny
French prosecutors are looking at a 2018 real estate deal between the head of the LVMH luxury empire and Nikolai Sarkisov, a Russian insurance magnate.
Read moreUnited Airlines pilots approve new contract with up to 40% raises
United Airlines pilots approved a new labor contract with raises that could top 40% over four years.
Read moreInflation Measure Favored by the Fed Cooled in August
The Personal Consumption Expenditures Index climbed more slowly, after cutting out food and fuel prices for a sense of the underlying trend.
Read moreUS car workers strike escalates as it enters third week
The United Auto Workers union said 7,000 more members would walk out.
Read moreCitigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.
Read moreLucy Morgan, Feared and Revered Florida Reporter, Dies at 82
Her investigations upended rural sheriffs’ departments, exposed state senators’ misdeeds and exemplified the power of a past era in American newspapering.
Read moreToys R Us is planning a brick-and-mortar comeback in the U.S., with up to 24 new flagship stores
Toy retailer Toys R Us plans to open as many as 24 brick-and-mortar flagship stores across the U.S., its parent company WHP Global announced Friday.
Read moreEd Fancher, a Founder of The Village Voice, Is Dead at 100
When he started the alternative weekly with Dan Wolf and Norman Mailer in 1955, he later said, “We were crazy enough to think it would succeed.”
Read moreShares of biotech startup Structure Therapeutics surge more than 30% on promising obesity pill data
Structure's pill is part of the same class of drugs as Novo Nordisk's blockbuster diabetes drug Ozempic and weight loss counterpart Wegovy.
Read moreGovernment Shutdown May Hurt Home Sales in Flood-Prone Areas
Congress funds a flood insurance program that many home buyers in risky areas rely on. The money is about to run out, a real estate trade group warned.
Read moreProperties Trump May Lose Control of in New York Fraud Case
If a judge’s ruling stands, Donald Trump could lose control over some of his flagship New York real estate.
Read moreAd spending for obesity, diabetes drugs is soaring this year, as drugmakers shell out nearly $500 million
The data demonstrates the rush by companies to capture new customers after months of hype around Novo Nordisk's Ozempic and Wegovy.
Read moreGameStop's survival demands 'extreme frugality,' CEO Ryan Cohen tells employees
Billionaire activist Ryan Cohen was named GameStop's top executive earlier Thursday.
Read moreChina’s C919 gets another 100 orders in biggest deal yet, but when will they land?
China Eastern Airlines, the first commercial operator of the C919 narrowbody passenger jet, has flown 35,000 passengers on the model since its maiden flight in May.
Read moreHow West Africa Can Reap More Profit From the Global Chocolate Market
Resource-rich countries like Ghana are often cut out of lucrative parts of the business like manufacturing. The “fairchain movement” wants to change that.
Read moreWhat Is a ‘Moat’?
Company leaders use the word “moat” a lot. That can sometimes invite regulatory scrutiny, as it did with Amazon, which was sued this week.
Read moreEurozone Inflation Rate Drops to 4.3 Percent
Prices rose at the slowest rate since before the Ukraine war, as inflation in fuel and food eased.
Read moreChina pushes ‘pivot to South and Southeast Asia’ with Yunnan province as gateway to vast market
National Development and Reform Commission pledges to support Yunnan with transport, logistics, energy and digital connection with southern neighbours.
Read moreAutomakers grow frustrated over pace of UAW negotiations as new strike deadline looms
Frustrations remain around key economic demands and what some see as a lack of urgency by the union to reach a deal, according to people familiar.
Read moreThe Lying Boss and Your Bottom Line
Telling customers that the staff makes more than the owners isn’t just petulant, it’s harmful.
Read more5 Hotels Where Fall Takes Center Stage
Setting is everything when it comes to autumn getaways, and these hotels will put you in the right place at the right time.
Read moreEvergrande: Anxious Chinese home buyers reel from crisis
As China's housing crisis grows, so have fears that dreams of home ownership have been bulldozed.
Read moreEvergrande: Why should I care if China property giant collapses?
There are reports the leaders of the heavily indebted Chinese property giant have been detained.
Read moreCan China’s high-speed railways get its economy back on track?
Investments in railway-related fixed assets increased by 23.4 per cent in the first eight months of 2023, and Beijing hopes the infrastructure boom will help stabilise economic growth.
Read moreEuropean Central Bank Is Studying A.I. as a New Tool
Artificial intelligence may help policymakers understand inflation and regulate big lenders, the central bank said.
Read moreFederal Lawsuit Accuses Tesla of Racial Discrimination
The Equal Employment Opportunity Commission filed a lawsuit accusing the carmaker of mistreating Black employees at its factory in California.
Read moreDelta Backs Down on SkyMiles Changes After Outcry
Delta’s chief executive, Ed Bastian, said the airline would make “modifications” after announcing changes to its frequent flier program that angered many of its most loyal customers.
Read moreChina Uses ‘Deceptive’ Methods to Sow Disinformation, U.S. Says
The accusations reflect worry in Washington that China’s information operations pose a growing security challenge to the United States.
Read moreNike misses on revenue for first time in two years, but stock pops as earnings, margins beat
Nike fell short of revenue expectations during its fiscal first quarter but beat on earnings and margins.
Read moreThe slow and delicate aircraft taking on spy missions
Light aircraft that can fly and loiter at very high altitudes could provide back-up for spy satellites.
Read moreViewership Fell Sharply for Second G.O.P. Debate
Fewer than 10 million people watched the Republican presidential candidates on Wednesday, according to preliminary data from Nielsen.
Read moreGlobal investors’ love affair with India is about to be tested
Indian shares are on course for their eighth straight year of gains, turbocharged by the succession of policy shocks in China. With India’s inclusion in JPMorgan’s bond index next year, however, greater foreign scrutiny of its economy and markets can be expected.
Read moreEndeavor, Fenway Sports consider investment in the PGA Tour
Endeavor Group and Fenway Sports are considering an investment in the PGA Tour that could rival the Saudi's Public Investment Fund.
Read moreBlue Origin, Sierra Space weigh future of Orbital Reef space station as partnership turns rocky
The Orbital Reef space station partnership between Jeff Bezos' Blue Origin and Sierra Space is on rocky footing, CNBC has learned.
Read moreGameStop names Ryan Cohen as CEO effective immediately, won't receive salary
The move comes more than three months after GameStop fired CEO Matthew Furlong.
Read moreNFL tells X it's concerned about placement of ads on white nationalist accounts
The NFL responded to a report that its ads appeared on several white nationalist X accounts, saying it had reached out to the company to “rectify the issue.”
Read moreWhat Is ‘Seemingly Ranch’? Thanks to Taylor Swift, It’s Everywhere
After a photo of the pop superstar at an N.F.L. game last weekend went viral, snack and condiment companies raced to capitalize.
Read moreNew York Is Rebounding for the Rich. Nearly Everyone Else Is Struggling.
The huge income gap between rich and poor in Manhattan is the latest sign that the economic recovery from the pandemic has been lopsided in New York City.
Read moreDrivers and Dealers Could Soon Feel Impact of U.A.W. Strikes
Lengthy and expanding walkouts by the United Automobile Workers union against Ford, General Motors and Stellantis could strain a fragile supply chain.
Read moreU.S. Government Shutdown Could Delay Key Economic Data
A lapse in funding would delay data on unemployment and inflation as policymakers try to avoid a recession.
Read moreDelta CEO says carrier went 'too far' in SkyMiles changes, promises modifications after frequent flyer backlash
Delta's CEO said the carrier wanted to "rip the Band-Aid off" with changes to SkyMiles program.
Read moreSaudi soccer league says big-money player purchases are only the first step in a long-term strategy
The big-spending Saudi Pro League is aiming to build its global broadcasting presence and become one of the top 10 soccer leagues in the world, its chief operating officer, Carlo Nohra, told CNBC.
Read moreChina’s property woes test Beijing’s bottom line of no systemic risks, with Evergrande restructuring adding to problems
A Post review of midyear financial reports by 18 ‘systemically important’ banks in China finds that more than two-thirds have higher outstanding non-performing property loans.
Read moreQuebec Lures $5 Billion Battery Factory for Electric Cars
The Canadian government matched financial incentives available in the U.S. to attract the investment from Northvolt, a Swedish company.
Read moreIBM Tries to Ease Customers’ Qualms About Using Generative A.I.
The company will assume the legal risk of businesses that use its A.I. systems and will publish the technology’s underlying data.
Read moreGifts, Gadgets and Greece: Inside a Huawei Lobbying Campaign
Leaked internal messages detail efforts by the Chinese tech giant to court Greek officials and fight an American-led effort against its technology.
Read moreChina’s vows to further open up appear to show Beijing’s changing political motivations
China’s central leadership appears to be sending a strong signal that it is prioritising economic growth, amid increasing concerns over Beijing’s emphasis on external and domestic security.
Read moreChina proposes relaxation of security reviews for most cross-border data flows, bringing relief for multinationals
The proposed relaxation comes at a time when Beijing is trying to turn a friendly face towards multinationals and after the previous rules threatened investment in the country.
Read moreChina’s ‘golden week’ spending and travel surge seen as economic boon
The release of pent-up demand, with travellers and consumers opening their wallets for the long holiday, could help lift China’s economy out of the doldrums.
Read moreChina appoints new finance head as government debt, revenue shortfalls threaten growth prospects
A new leader has stepped in to oversee China’s finances as the country’s growth outlook appears cloudy.
Read moreUS can’t win China tech war without a strategy. Huawei is proof
Strategic thinking requires a focus on the longer term and is largely absent in US policies today. Yet, US tactics such as tariffs and sanctions have not stopped Huawei from developing its breakthrough new phone.
Read moreThe self-driving trucks that are deliberately crashed
A maker of autonomous lorries is using AI software to prang computerised versions of the vehicles.
Read moreThe deep rooted problem holding back the UK economy
The UK has an underinvestment crisis - our future prosperity depends on this changing.
Read moreSpaceX wins first Pentagon contract for Starshield, its satellite network for military use
The Pentagon is already a high-value buyer of the company's rocket launches and had shown increasing interest in its Starlink satellite internet.
Read morePeloton shares soar on digital content, apparel partnership with Lululemon
As it announced the Peloton partnership, Lululemon said it would stop selling the Studio Mirror device by the end of the year.
Read moreIn China pull-out, more South Korean firms are heading to Japan for the first time since 1980s
Southeast Asia is also a hot destination for South Korean investors, and analysts say the trend is obvious: Korean companies in China are withdrawing capital or moving to places such as Vietnam.
Read moreFAA closes investigation into Blue Origin rocket failure, requires 21 'corrective actions'
The Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin.
Read moreEU chamber tells China to walk the talk on liberalising markets to boost FDI, cement Shanghai as global financial hub
Shanghai has to reduce taxes and red tape, make the yuan fully convertible and broaden market access to draw more investment, European Union Chamber of Commerce leaders say.
Read moreDon’t write off Hong Kong and mainland China despite headwinds, Post’s ‘Redefining Hong Kong’ conference hears
Hong Kong and mainland China might be facing headwinds currently, but investors should not write them off as investment opportunities still abound, analysts say at a family office conference hosted by the Post.
Read moreChina’s Xi Jinping appeals to decades-old mantra of reform and opening up, as economy slows and foreign investors ponder leaving
The president addresses some oft-mentioned gripes among the international community, acknowledging that China must do more to open up to the rest of the world.
Read moreHong Kong bourse operator HKEX to launch digital IPO platform FINI on November 22, eyes cutting settlement times from 5 to 2 days
Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new listings market.
Read moreWhy consumption stimulus is still China’s best option to revive its economy
What ails China’s economy is a deficiency of demand, making fiscal transfers to boost domestic spending the right cure. A consumption-led recovery is not only consistent with Beijing’s goal of rebalancing the economy, but will also help address China’s trade imbalance with the US and strengthen economic relations with its regional partners.
Read moreChina vows ‘more powerful’ policy supports after August industrial profits rebound
Central bank meeting outlines plans for more targeted monetary policies to aid economic recovery.
Read moreFor China, bamboo ‘is where the future lies’ in shift away from polluting plastics
As the world’s top producer of plastic waste, China is transforming its bamboo industry using advanced technology to create biodegradable products.
Read moreChinese universities squeeze new students with tuition increases
To cope with higher demand and a reduction in government funding, public universities in China are passing on some of the costs to students – adding another burden to cash-strapped families.
Read moreLittle Moons boss: 'If you can't see it, you can't be it'
Co-founder of Little Moons, Vivien Wong, on why we need more female role models.
Read moreHow being ‘full-time children’ is helping China’s ‘chicken babies’ grow up
These mostly only children are taking care of their parents’ needs instead of their own wants, as the priority shifts from passing exams to being of service to family.
Read moreChina still a key market, US businesses say, but hope dims for improved prospects
US-China tensions create negative ripple effects for American firms, including lost sales and disrupted supply chains, according to annual survey’s results.
Read moreIn China-EU trade ‘rebalancing’, dialogue marks critical step as European firms face ‘more political, less predictable’ business environment
Agreeing to exchange information and work together, according to one Chinese analyst, shows how both China and the European Union recognise that ‘there needs to be a limit to de-risking’.
Read moreThai supermarket chain Big C delays dual Hong Kong and Bangkok listing until 2024, when ‘economic activities will be better’, CEO says
Big C Retail Corp, the supermarket chain owned by one of the richest families in Thailand, has delayed its plan to list in both its homeland and Hong Kong until next year, in anticipation of finding a better economic environment in 2024.
Read moreHow net zero by 5 Chinese tech giants, which account for 2.5 times Hong Kong’s annual emissions, can decarbonise 25% of Hang Seng Index
Chinese ICT giants Alibaba, Baidu, China Mobile, Tencent and Xiaomi could eliminate 2.5 times Hong Kong’s annual emissions if they achieve net zero emissions, think tank China Water Risk says.
Read moreWhy China’s soaring youth unemployment doesn’t signal an economic apocalypse
After decades of high growth, today’s youth – even with fewer people working – will be wealthier than any other generation. But policymakers must tread carefully, to ensure dissatisfaction does not boil over into unrest and cause political instability.
Read moreIs China’s ‘slow employment’ surge just another way of saying more graduates are ‘lying flat’?
In Shanghai, more young adults are showing a lack of urgency in securing work after earning a university degree, and the ‘problematic’ trend is draining parents’ resources.
Read moreWhy a weak yuan is spurring a retail gold rush in China
The spread between the domestic and international price for the precious metal is at a decade high.
Read moreUS-China rivalry spurs investment in space tech
The race to get back to the moon is fuelling US investment in private sector space firms.
Read moreChina’s tactical correction of economic policies to put short-term growth on track
A series of changes in social and economic policies in China shows that growth is still the priority for Beijing, but concerns over local government debt and investor confidence are unlikely to disappear any time soon.
Read moreChina housing market: major banks begin cutting outstanding mortgage rates, but impact may not be ‘sufficient’, analysts say
Major Chinese commercial banks have cut rates for outstanding home loans as part of a series of state-directed stimulus measures aimed at easing homebuyers’ debt burdens and reviving the country’s troubled property sector. But the cut might not provide a sufficient boost to demand, analysts said.
Read more‘Superior to Tesla’s Model S’: Huawei and Chery Automobile EV venture Luxeed to launch first production model in November
Luxeed, a marque developed by state-owned Chery Automobile and telecoms equipment giant Huawei Technologies, will launch its first production model in November.
Read moreDecoupling from China: the only question is how far the West will go
EU leaders may refuse to recognise it, but decoupling from China has already started – the severance of economic ties is a core component of any ‘de-risking’ policy. The ‘de-risking’ debate in Western nations is really about how far to take decoupling before they try to end it.
Read moreMore direct China-US flights on the horizon, but return to 2019 traffic far more distant
Airlines in China and the US are preparing for an increase in their direct routings, but the likelihood of a rapid return to 2019 levels of service is vanishingly small.
Read moreA stimulus-fuelled China property rebound is just not on the cards, despite market hopes
Continuing economic pessimism and recent policy measures to shore up the property sector are feeding hopes that a massive boost is yet to come. Investors are underestimating China’s determination to cut its reliance on property asset inflation for growth, and turn instead to technology and high-end manufacturing.
Read moreGlobal Impact: does ‘golden week’ offer China a chance to show that its economy is back on track?
In this issue of the Global Impact newsletter, we look at the state of play within China’s economy and at whether the wait for a recovery is finally over.
Read moreThe shadowy Chinese firms that own chunks of Cambodia
Fifteen years after a deal to control a fifth of Cambodia's coastline, work has barely started.
Read moreFarmers turn to tech as bees struggle to pollinate
With bee populations struggling, mechanical pollination may be increasingly needed as a back-up.
Read moreNME: The high-end magazines making a vinyl-style comeback
The once-mass market UK music bible NME returns as a premium product with scarcity as a selling point.
Read moreInterest rates: How the Bank of England's decision affects you and your money
The Bank of England has held interest rates at 5.25%, bringing a run of 14 consecutive rises to an end.
Read moreDespite risks fish farms are booming in Africa
Farming fish has seen rapid growth in Africa but it can be an expensive, high-risk operation.
Read moreStanding ovation for Jacinta Price at Perth No rally
Jacinta Nampijinpa Price has told hundreds of ‘No’ supporters in Perth she “didn’t need a constitutionally enshrined Voice to Parliament” to achieve what she has.
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