The manufacturer of China’s home-grown passenger jets is ramping up efforts to secure Western-made engines as its aircraft production slumps and rivals race for scarce components amid a supply crunch afflicting the global aviation industry. By dispatching teams to key overseas suppliers, the Commercial Aircraft Corporation of China (Comac) is seeking to smooth out communication and secure delivery of more Leap-1C engines, according to two people with knowledge of the trips. And as the...

Flight disruptions from shutdown pile up as Trump threatens air traffic controllers

Flight delays and cancellations piled up in recent days as air traffic controller staffing shortages worsen in the government shutdown.

What a Government Shutdown Solution Hasn’t Solved

Even with a legislative breakthrough looking imminent, air travel faces ongoing delays, and health insurance costs are still set to jump.

Why China’s growing global investments could spur yuan internationalisation push

China may take additional steps to advance the yuan’s internationalisation and ease cross-border flows on the back of rising investment demand, according to a prominent economist. “Chinese companies are showing strong momentum in expanding their overseas investments, so I believe the Chinese government will take more enabling measures [to support transactions],” said Xiang Songzuo, former chief economist at the Agricultural Bank of China. He added that the internationalisation of the yuan is...

Trump’s Tariffs Hit Specialty Grocery Stores for Some Immigrant Communities Especially Hard

For immigrant communities from countries with especially high duties, food costs have risen sharply courtesy of President Trump.

Hollywood’s Commercial Production Crews Are Losing a Lot of Work

Commercial production has long been crucial to sustaining entertainment workers in the Los Angeles area. But it continues to plummet.

Why is UK inflation still high?

UK Inflation has fallen from record highs but remains above the Bank of England's 2% target.

Busan truce foreshadows turning of tide in US-China power balance

Late last month, Chinese President Xi Jinping and US President Donald Trump reached a trade truce in Busan, South Korea, on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit. Beyond the pre-existing tariffs imposed by the first Trump administration and reinforced by the Biden administration, the current Trump administration will now levy an additional 20 per cent or so in tariffs on China, resulting in an estimated 47 per cent average tariff rate on China. As part of the...

From rail to nuclear power, China taps private capital to fund major projects

China has unveiled new measures designed to channel private capital into traditionally state-funded infrastructure projects, as Beijing steps up efforts to reduce investment restrictions and bolster the private economy. The 13-point document released on Monday by China’s cabinet, the State Council, includes measures to encourage private investment in major projects in a range of sectors – from power generation to transport. “Private investment serves as a key barometer reflecting economic...

New Rules Aim to Broaden Appeal of H.S.A.s

Health savings accounts have lower premiums but higher deductibles. Now, more Obamacare plans can offer the accounts.

'I use buy now, pay later for groceries and other essentials. I'm £3k in debt'

Debt organisations say more people are seeking help after using loan apps to pay for everyday items.

Nexperia chips have begun flowing to Europe again, auto suppliers say

The first shipments of Nexperia chips are already on their way to Europe after Beijing granted exemptions to its export restrictions, German auto suppliers told the Post, easing the pressure on the battered European car industry. But supply chain risks remain as Beijing and The Hague have yet to hammer out a final deal to decide the chip firm’s fate and US-China tensions continue to linger in the background. “The decision by the Chinese Ministry of Commerce to ease the previously existing export...

Trump Administration Returns to Supreme Court in Food Stamp Fight

But the administration indicated it might not be necessary, as Congress moved toward a deal to fund the government.

Groups Sue to Reverse Trump’s Cuts to Energy Projects in Democratic States

A lawsuit filed on Monday argued that the president has discriminated against blue states by slashing federal funds for political leverage during the shutdown.

Glass Skin and Snail Mucin: South Korea’s Journey to Global Beauty Power

Propelled by interest in all things South Korea, Amorepacific, the cosmetics giant, is expanding its reach into the United States. But so are many of its competitors.

The Kenyan start-up aiming to electrify African transport

From fleets of e-bikes to individual riders, eWaka aims to sell across Africa's delivery market.

Battle over Chinese chip maker rocks global car industry

In an extraordinary move, the Dutch government seized control of Nexperia, triggering anger in Beijing.

More Flight Troubles Expected Before the Shutdown Ends

Airlines brace for further chaos, even as eight Democratic senators broke ranks with their party to back a deal that could end the shutdown.

As more of China becomes ‘moderately aged’, how will its economy change?

Early in the morning in cities across China, groups of people gather in public squares, moving as one in slow, deliberate tai chi routines. Many are in their sixties or seventies – an age group that has long defined the rhythm of daily life in much of the country. While these dedicated practitioners have been a part of the national routine for decades, their ubiquity carries new connotations as the country undergoes a profound shift in population dynamics: China is growing old, fast. As of last...

Gamma, a PowerPoint for the A.I. Era, Raises $68 Million

The five-year-old start-up, which has just 52 employees and is profitable, is now valued at $2.1 billion by investors including Andreessen Horowitz.

With SNAP on Hold, Low-Income Shoppers Cut Back and Businesses Worry

A delay in SNAP benefits mixed with a decline in foot traffic has many stores, restaurants and food producers concerned about sales.

The 20-Somethings Who Raised $121 Million to Build Military Drones

Neros, a company founded in 2023 by former teenage drone racers, won a coveted Army contract and is gaining popularity in the defense sector.

More than 100 lawmakers push Starbucks to resume union negotiations

Starbucks Workers United is threatening a strike in 25 cities starting Thursday, the company's Red Cup Day.

Flight Cancellations and Delays May Get Worse This Week Amid Shutdown

The transportation secretary said Sunday that air travel could “be reduced to a trickle” as Thanksgiving nears.

A MAGA Senator Promised Hope for a Dying Ohio Mill. Then Reality Set In.

The town’s unionized workers wanted to believe that there was something better than what private equity owners had offered.

Warren Buffett’s Berkshire Hathaway Farewell: ‘I’m Going Quiet’

In one of his final missives as the company’s leader, Mr. Buffett said he would accelerate his plans to disburse his fortune to his children’s foundations.

What taxes could rise in the Budget?

Chancellor Rachel Reeves is considering both tax rises and spending cuts in the 26 November Budget.

Reeves suggests benefit limits on larger families to be lifted

The chancellor tells the BBC children in bigger families should not be "penalised" by the welfare system.

Private-jet demand is on the rise amid government shutdown, says Flexjet CEO

The FAA plans to curb private-jet traffic at 12 major U.S. airports starting Monday.

Kia previews next-gen Telluride SUV as 'new benchmark' for brand

Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a "new benchmark for the brand's design and ambition."

Disney's newest cruise ship, the Destiny, is getting ready to set sail: Here's a peek inside

Like Disney's other cruise ships, the Destiny features themed dining, curated lounges and onboard entertainment. The Destiny is all about heroes and villains.

Restaurant Brands International to form joint venture for Burger King China to accelerate expansion

Over the next decade, the joint venture aims to more than double Burger King's footprint in China.

Post Office Horizon IT contract extended for another year

It is paying £41m to the Japanese-owned company Fujitsu to use the Horizon system until March 2027.

Guinness maker appoints former Tesco boss to stem flagging sales

It is hoped the former Tesco boss can reignite sales at the biggest drinks-maker in the world, Diageo.

DealBook Summit 2025: David Ellison, Scott Bessent, Erika Kirk and More

The conference on Dec. 3 will bring together the biggest names in business, politics and culture.

Heathrow should be expanded without moving M25, says BA boss

British Airways CEO Sean Doyle tells an aviation conference he would prefer to see a shorter runway.

US fishers missing the boat on China lobster sales amid trade war

China has long been a vital export market for the US lobster industry. The country is the world’s largest consumer and importer of the crustacean, which is eaten all year round and often gifted during holidays by Chinese families. But American fishers are now missing out on Chinese sales amid the trade war, and they may struggle to claw back their former position as China increasingly turns to suppliers in the Asia-Pacific region, according to industry insiders. US lobster shipments to China...

US Senate passes deal aimed at ending longest ever government shutdown

The measure signals a major breakthrough but the deal still needs to get over more hurdles in Congress.

China’s importers sign record US$83.5 billion in deals at trade expo

Chinese companies signed a record US$83.5 billion in import deals at the China International Import Expo (CIIE) in Shanghai, reinforcing the importance of mainland consumers as growth drivers for global businesses and the world economy less than two weeks after the US and China reached a trade truce. The total – the fifth straight record high for the annual six-day event, which concluded on Monday – represented a 4.4 per cent increase from a year earlier, according to the organiser, the CIIE...

China Tightens Controls on Fentanyl Precursors After Summit

China will require licenses for export of 13 chemicals used to make the deadly drug, another indicator of thawing tensions between the world’s two largest economies

China, US suspend rival port fees in latest trade war thaw

China has suspended retaliatory port fees on US-linked vessels for one year, following Washington’s pause of similar charges under its “Section 301” investigation targeting the Chinese maritime sector. After months of uncertainty over the rival port fees, which took effect on October 14, the shipping industry can finally breathe a sigh of relief as both sides formally confirmed the pause. In line with the outcomes of the US-China trade talks in Kuala Lumpur, the Ministry of Transport said the...

China exempts chips used by carmakers from export curbs

The block on exports of the company's chips had raised fears that European car production would be hit.

How does London's housing crisis affect the UK economy?

A "localised housing crisis" has become a "national problem", according to economic experts.

US-China rivalry will adapt, spread into other areas: Pascal Lamy

“Bumpy” US-China relations will persist for decades as the rivalry shifts from trade to the weaponisation of strategic sectors and supply chains, according to a former head of the World Trade Organization. Bilateral ties will experience “ups and downs, and to and fro, and left and right”, said Pascal Lamy, former WTO director general, during a media event at the China Europe International Business School in Shanghai. “Their geostrategic competition… will not abate,” he said. “If you have both...

Trump Officials Push States to ‘Undo’ Work to Send Full SNAP Benefits

An appeals court made a late-night ruling against Trump officials as they dug in on cutting payments to states.

Named on a napkin: EasyJet celebrates 30 years

We take a look at the history and impact of the budget airline based at Luton Airport.

Sean Duffy Juggles Shutdown Roles on Flight Safety and Trump Support

With near-daily TV appearances, the transportation secretary has emerged as the face of the Trump administration amid the shutdown.

Huge subsidy scheme in China’s most populous province falls flat with consumers

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Blue Origin Scrubs Launch of NASA’s ESCAPADE Mission to Mars

The second flight of the orbital rocket from Jeff Bezos’s space company was halted by weather. The company may try again on Wednesday.

Shutdown Casts a Shadow Over Travelers’ Thanksgiving Flight Plans

Frustration with cancellations and concerns about air traffic control are driving passengers away from flying and casting a shadow over Thanksgiving plans.

HMRC to review suspending 23,500 child benefit payments

The tax body had used travel data to conclude that thousands of parents had left the country permanently but many say they just went on holiday.

Infant Formula Recalled Amid Botulism Investigation

Health agencies asked caregivers to stop using two batches of ByHeart Whole Nutrition Infant Formula after they found an increase in cases of infant botulism.

With Mortgage Rates Declining, Should You Refinance?

More than four million borrowers could potentially benefit from locking in a lower rate. Here’s what to consider.

A Two-Headed Coin That Always Comes Up ‘Trump’

Would a proposed coin featuring the president on both sides commemorate America’s founding, or undercut its founding principles?

To become a developed nation, China must still prioritise manufacturing

Following the Communist Party of China’s fourth plenum, debate has intensified over the direction of the country’s economy, with manufacturing remaining a central pillar of Beijing’s ambitions for the coming decade. The Communist Party’s Central Committee’s recommendations for the 15th five-year plan, released on October 28, reaffirm China’s goal of achieving socialist modernisation by 2035, measured by gross domestic product (GDP) per capita – a vision outlined in the 14th five-year plan and...

More than 1,400 flights cancelled as US air traffic cuts enter second day

Thousands more flights have been delayed or cancelled as the reduction of air travel capacity continues during the federal government shutdown.

China’s growing elderly market a new frontier for international firms at CIIE

China’s ageing population has become a key consumer group targeted by international companies – from food and drink producers to pharmaceutical makers – as they pursue new growth drivers amid a consumption slowdown in the world’s second-largest economy. Dozens of global brands unveiled their latest products and technologies at the ongoing China International Import Expo (CIIE), aiming to meet the rising demand among elderly consumers for healthy food and products that support active...

China Suspends Export Controls on More Critical Minerals

The changes would make it easier for American firms to obtain key minerals, delivering on what the White House said the two countries had agreed to at last month’s summit.

Inquiry to review rise in young people not working or studying

Former Labour Health Secretary Alan Milburn will lead the investigation, with conclusions set to be published next summer.

China’s consumer prices return to growth as deflationary pressures persist

China’s consumer prices returned to growth in October – though the near-zero figure still pointed to persistent deflationary pressures amid weak domestic demand and trade uncertainties – while factory-gate prices continued to fall. The national consumer price index (CPI), a key gauge of inflation, rose 0.2 per cent year on year last month, according to data released by the National Bureau of Statistics on Sunday. The reading beat market expectations after a poll by financial provider Wind...

How this year’s Christmas ads ‘let real life in,’ from cost of living to masculinity

We look at the Christmas ads that are out so far - and what they tell us about the year that’s been.

Honesty boxes should be dying like cash. But many are flourishing

Once found by the roadside offering local produce for a few pence, honesty boxes are being reborn via social media.

Why ‘little giants’ thrive in China’s manufacturing hub Jiangsu

Yadea – the world’s leading electric two-wheeler brand for eight consecutive years – runs a plant in its home base of Wuxi, in east China’s Jiangsu province, where a single assembly line can produce 1,300 electric bicycles and scooters a day, offering visitors a glimpse of the country’s manufacturing prowess. As of last year, Hong Kong-listed Yadea had sold over 100 million electric two-wheelers in more than 100 countries. It exemplifies how Chinese manufacturers are leveraging automation to...

Tesla and global carmakers race against Chinese EV rivals at expo

International brands led by Tesla are intensifying their efforts to compete with Chinese electric-vehicle (EV) manufacturers like BYD, as they showcase advanced intelligence and autonomous-driving technology to attract visitors at the world’s largest import-export trade fair in Shanghai. The 12 major carmakers, including General Motors and Volvo, are leveraging the China International Import Expo (CIIE), which runs through Monday, to promote their latest models featuring longer ranges, enhanced...

UPS and FedEx Ground MD-11 Cargo Planes After Louisville Crash

Boeing, the plane’s manufacturer, said it had recommended the grounding as a precaution while it conducts further analysis.

As Beef Prices Remain High, Trump Calls for Inquiry Into Meatpackers

The Justice Department has opened an investigation into possible collusion among the big meatpackers. The effort may mollify ranchers, but it’s unclear how far it will go.

How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.

Millionaires value their personal trainers and therapists more than their wealth advisors

The trend highlight the growing importance of so-called "soft services" for the wealthy.

In Cozying Up to Trump, Leaders Hedge Their Reliance on Moscow and Beijing

President Trump has made it easier for countries that are close to Russia and China to build ties with the United States. Those countries are embracing the opportunity.

Debt Has Entered the A.I. Boom

To fund heavy spending on infrastructure for artificial intelligence, companies have leveraged a growing list of complex debt-financing options.

Pfizer to Acquire Obesity Drug Start-Up Metsera in $10 Billion Deal

The announcement of the deal signaled an end to the bidding war for Metsera between Pfizer and Novo Nordisk, the Danish maker of Ozempic and Wegovy.

Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin

The cuts were ordered as air traffic controllers have missed their paychecks due to the government shutdown, now the longest in U.S. history.

‘South Park’ Takes On Trump and Wins Bigly

“It’s not that we got all political,” said Trey Parker, one of the show’s creators. “It’s that politics became pop culture.”

How the Government Shutdown Is Affecting Air Travel

Niraj Chokshi, our reporter covering transportation, describes where and how flights are being cut in the government shutdown.

A.I. Isn’t the Only Thing Pushing Up Electricity Bills. (But It’s Mostly A.I.)

Calvin Butler, the chief executive of Exelon, one of the nation’s largest utility companies, is trying to keep the lights on.

China warns citizens in Japan about wildlife risks amid surge in bear attacks

The Chinese embassy in Japan has urged Chinese citizens in the country to remain vigilant about local wildlife attacks amid a surge in incidents, with fatalities reaching a record high. In a statement on social media on Friday, the embassy advised Chinese citizens to monitor local government information about wildlife sightings and avoid areas frequented by bears, wild boars and other animals. Since April, Japan has recorded at least 13 fatal bear attacks and more than 100 injuries, the highest...

Nexperia crisis: Beijing agrees to talks with Dutch officials in China

Chinese officials have agreed to hold talks with their Dutch counterparts regarding the Nexperia crisis, which has thrown the global automotive chip supply chain into uncertainty, the Ministry of Commerce said in a statement on Saturday. In response to remarks made by Netherlands’ Economy Minister Vincent Karremans on Friday – indicating that Nexperia chips made in China could resume shipments in the coming days – Beijing expressed hope that the Dutch side would take concrete actions and agreed...

Is A.I. a Journalist or Just a Newsroom Tool?

A.I. has set off industrywide soul-searching about its potential and pitfalls.

Trump Administration Appeals to Supreme Court to Block Order to Pay Full SNAP Benefits

The temporary ruling by Justice Ketanji Brown Jackson, blocking a lower court order to fully fund the aid, added to the uncertainty around the nation’s largest anti-hunger program.

6 of the best: the billion-dollar biotechs putting China on the map

The ferocity of China’s biopharmaceutical investment boom this year – fuelled by record-breaking licensing of commercial rights to global giants after a three-year slump – may have surprised casual observers. But according to Helen Chen, one of the most respected analysts and advisers in China’s life sciences space, the supercharged sector’s real renaissance came two years earlier. In December 2022, US drug maker MSD agreed to license global (excluding China) rights to develop and commercialise...

Shoppers are turning to Shein - but some still can't leave Primark

With same-store sales down in the UK and Ireland, some shoppers are leaving Primark to go elsewhere.

Michael Spence on China: fix property, boost confidence – tariffs are secondary

Restoring confidence and stabilising the property market are “significantly more important” for China than the ramifications of tariffs, a Nobel laureate in economics said while warning of financial risks to Chinese households. Michael Spence, who won the Nobel Prize in 2001, made the remarks at the Hongqiao International Economic Forum in Shanghai on Thursday, during a panel discussion on China’s pathway to revitalise consumption. While acknowledging that Beijing needs to “seriously” address...

Trump calls for probe of meat packers over beef prices

In his latest attempt to take on soaring beef prices, Trump has asked the justice department to launch a federal investigation.

Blame game over Air India crash goes on

A judge in India's Supreme Court has insisted that nobody can blame the aircraft's captain.

Tesla plans to pay Musk $1tn - do they really need him that much?

Shareholders have approved a pay package that puts an astronomical value on Elon Musk's value as a leader.

Millions more Americans could access obesity drugs after Trump's deals with Eli Lilly, Novo Nordisk

Medicare will start covering obesity drugs for the first time, which could open access to millions of seniors and spur more private insurers to follow suit.

Japanese Automakers Warn of Billions in Tariff Losses

Toyota, Honda and Nissan forecast big hits to their profits from higher tariffs that they acknowledged were likely “here to stay.”

China Resumes Some Chip Exports, Easing Fears of a Global Crunch

A leading German automotive supplier said it was again allowed to ship semiconductors that Beijing had barred for export.

Vigilante Lawyers Expose the Rising Tide of A.I. Slop in Court Filings

More lawyers are using artificial intelligence to write legal briefs. Some colleagues are publicizing the A.I.-generated errors.

FAA announces flight reductions at 40 airports. Here's where cuts are expected and what travelers need to know

The Federal Aviation Administration announced a reduction across 40 airports beginning Friday. Here's what travelers need to know.

The savings account offering a 50% bonus - with a catch

Martin Lewis explains Help to Save, which is open to some people on universal credit.

McDonald's U.S. boss puts focus on 'value and affordability' as consumer spending splits

McDonald's U.S. President Joe Erlinger told operators the brand was "moving in the right direction" as it continues a more-than-yearlong push on value.

The $1 Trillion Question Hanging Over Elon Musk’s Pay Package

Tesla shareholders approved his potentially record-breaking compensation package. But will he actually get the full award?

‘Interest surged’: Canada travel searches spike in China as group tours resume

Beijing’s decision to allow group travel to Canada to resume for the first time since the Covid-19 pandemic has sparked a surge in interest in visiting the country among Chinese consumers, with Chinese travel platforms recording a jump in related searches. China announced it was ending the group tour ban in early November, just days after Chinese President Xi Jinping met Canadian Prime Minister Mark Carney in South Korea and called for relations between the two countries to get “back onto the...

The Astonishing Bull Market Will End One Day. Are You Ready?

Big stock gains have always been followed by big losses. Here are tips on how to prepare.

The Job Market Is Cooling but Not Collapsing, According to Private Data

The federal government shutdown canceled a second straight jobs report, but private data sources suggest the labor market has weakened modestly since summer.

Here's how much weight loss drugs could cost you under Trump's deals with Eli Lilly, Novo Nordisk

The monthly out-of-pocket cost of popular injections and upcoming pills could range from $50 to $350, depending on the dosage and insurance coverage.

China Suspends Some Export Controls on Critical Minerals but Retains Others

The Chinese government followed through on promises it made publicly after a recent summit, but has not yet taken other actions sought by the White House.

China warns against abandoning traditional sectors in economic transition

Developing China’s “new quality productive forces” – a growth model championed by Beijing that emphasises technological breakthroughs and industrial upgrades – does not mean abandoning traditional industries, but rather integration and transformation through innovation, according to the ruling Communist Party’s leading theoretical journal. The sustained driving force for economic growth comes from both fostering emerging industries and upgrading traditional ones – a dual-pronged push that must...

Is Your Flight Canceled? Share Your Story.

Times reporters want to hear from air travelers around the country about cancellations related to the government shutdown.

China’s southwestern industrial base eyes breakthroughs on novel drugs

Chongqing, a key economic hub in southwest China, has unveiled a plan to support the development of innovative drugs as the country steps up its push for scientific and technological self-reliance. The plan’s headline goals include having one to three innovative drugs approved for market launch each year by 2027, building three innovative drug industry clusters to encourage joint research and development (R&D) and technology transfers, as well as providing support for innovative enterprises,...

China’s exports fall in October as firms wait out trade war reset

China’s exports fell in October amid a volatile trade war with the United States – though recent high-level talks between the world’s two largest economies have since eased tensions. Outbound shipments fell 1.1 per cent year on year to US$305.35 billion last month, customs data showed on Friday. That figure was lower than September’s 8.3 per cent increase – a six-month high – and fell short of the 2.84 per cent growth forecast by Chinese financial data provider Wind. Imports in October stood at...

Factories first: why China is determined to shield manufacturing from decline

Beijing has pledged to prevent industrial hollowing-out by safeguarding the share of manufacturing in its economy, noting that the trend has historically proven difficult to reverse in an official outline of priorities for the next five years. As nations industrialise, the share of manufacturing in their economies typically peaks before declining. If left unchecked, the trend could lead to deindustrialisation, undermining economic strength and resilience, according to a book released last week...

China’s Reit to grow to US$1 trillion as developers shift focus: Morgan Stanley

China’s real estate investment trust (C-Reit) is poised to grow by 30 times to become a US$1 trillion industry in the next 20 years – a transition borne out of several factors, including declining home sales – which is expected to benefit select mainland developers, according to Morgan Stanley. Following 25 years of property growth, primarily focused on the residential segment, mainland developers are increasingly weaning off from building projects that would yield one-time profits, the US...

Fire-blocking chemicals promise safer buildings

New treatments promise to make buildings fire-resistant without using older, toxic chemicals.

Fosun brings UK particle therapy to mainland China in advanced cancer care push

Fosun Pharmaceutical, a leading healthcare group, has taken a substantial step towards introducing particle therapy systems to hospitals in mainland China, aligning with Beijing’s efforts to make advanced medical treatment accessible to cancer patients across the country. The Shanghai-based company, a subsidiary of China’s non-state-owned conglomerate Fosun International, formed a partnership with Leo Cancer Care on Thursday, pledging to distribute the UK firm’s Marie medical facilities in the...

Peloton posts bullish holiday forecast, betting that shoppers will spend big on new product lineup

Peloton beat Wall Street's expectations on the top and bottom lines and issued strong holiday guidance.

Trump announces deals with Eli Lilly, Novo Nordisk to slash weight loss drug prices, offer some Medicare coverage

The deals are among the most politically significant announcements to date in the Trump administration's efforts to rein in high U.S. drug costs.

Startup Omada Health to start prescribing GLP-1s, other obesity medications as membership grows

The announcement expands the offerings under the company's weight management program as its membership grows to more than 800,000.

CarMax stock falls 24% as CEO steps down, used car retailer releases weak outlook

CarMax said board member David McCreight, a retail clothing executive who has served as CEO of Lulu's Fashion Lounge Holdings, will serve as interim CEO.

Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags

The split in company results indicates consumers are splurging in some areas, as they save in others.

Retailers' holiday hiring to hit lowest level since the Great Recession, says major industry trade group

The major industry group's prediction offers the latest glimpse into the jobs market as the record government shutdown stretches on.

Peloton recalls 833,000 more bikes over seat post issue, two injuries reported

Peloton is again doing a recall after receiving reports that the seat post on its original Bike+ model detached and broke during use, leading to two injuries.

This fintech unicorn just launched an AI agent to handle billions of dollars in CRE lending

Built Technologies unveiled an AI agent for what's known as draw requests, when developers or construction firms ask lenders for the next stage of financing.

Target's sloppier stores are wearing on shoppers, and its turnaround could hinge on cleaning them up

The big-box retailer, which has long relied on stores as fulfillment hubs, is tweaking its approach to try to improve customers' experiences within the aisles.

China signals soybean demand to spark ‘many deals’ with US – if prices are right

After China and the US reached an agreement on soybeans, Beijing has signalled its intent to seek favourable terms, with the scale of future imports dependent on the competitiveness of American crops, a commerce official said. “With the adjusted tariffs, China will encourage companies to import agricultural products from the US in line with market principles,” said Chen Chao, director general of the Department of American and Oceanian Affairs at the Ministry of Commerce, in a speech at the China...

DraftKings takes over ESPN sports betting partnership from Penn Entertainment

In separate releases Thursday, ESPN said it was terminating its agreement with Penn years earlier than planned and had signed an agreement with DraftKings.

US government shutdown muddies China trade as agricultural officials miss expo

The ripple effects of the record-breaking US government shutdown have spread beyond Washington, denying US agricultural officials an opportunity to deepen cooperation with Chinese companies at a high-profile trade fair even as bilateral tensions show signs of easing. The Post learned on Thursday that, because of the shutdown, representatives from the US Department of Agriculture (USDA) did not attend this year’s China International Import Expo (CIIE) in Shanghai. This marks the first absence of...

Family offices make fewer deals but still flock to AI startup mega-rounds

Investment firms of the ultra-rich seek bigger returns and to tap into the AI boom.

Eli Lilly to start late-stage trials on amylin obesity drug after it shows up to 20% weight loss in study

The highest dose of Eli Lilly's weekly injection helped patients with obesity or who are overweight lose 20.1% of their body weight on average at 48 weeks.

China’s Xi Jinping says Hainan will spearhead ‘new era’ of opening up

With nearly one month before Hainan, China’s southern island province, launches a separate customs regime, President Xi Jinping has urged officials to ensure the process goes smoothly so the region can spearhead the country’s opening up. “The strategic goal of building the Hainan Free Trade Port is to establish it as a significant gateway leading China’s opening up in the new era,” Xi said on Thursday in Sanya, a city in southern Hainan, during his tour of the tropical island. “This is an...

Luxury and lifestyle giants signal confidence in China’s consumer recovery

Multinational corporations including French beauty giant L’Oréal and Canadian sportswear brand Lululemon have pledged continued investment in China at the world’s largest trade fair in Shanghai, signalling confidence in the world’s second-largest economy amid signs of a consumer recovery. Speaking on the sidelines of the China International Import Expo (CIIE), L’Oréal chief executive Nicolas Hieronimus said “investing in China is investing in the future”, citing the country’s recovering luxury...

Nexperia saga sees wary German auto firms scramble to mitigate chip shortage

With Beijing signalling a restart of Nexperia’s chip exports to safeguard the global semiconductor industry, uncertainties continue to swirl around the resumption of deliveries from China, said a major German automobile supplier amid plans to reduce its production and slash working hours at individual locations. “Our task force is working intensively to secure our chip supply. The situation remains very tense across the industry,” a spokesman with German car-part supplier ZF Friedrichshafen told...

NWSL creates star-studded advisory board to guide league's growth

NWSL Commissioner Jessica Berman is leaning on her star-studded ownership groups to help shape the league's future.

Chinese couples crowd the aisle as new policies lead to marriage bounce

China recorded a year-on-year uptick of 8.5 per cent in marriage registrations over the first three quarters of 2025, a rare piece of positive demographic news as the country’s population continues to shrink and rise in average age. The increase suggests that a host of recently introduced pro-marriage policies are starting to pay off, but experts cautioned the number of marriages would still decline over the long term as the pool of younger adults dwindles. A total of 5.15 million couples...

Nvidia CEO Jensen Huang warns China will ‘win the AI race’: report

Nvidia CEO Jensen Huang warned that China “is going to win” the race to develop next-generation artificial intelligence, urging Washington to speed up its efforts. The head of the world’s first company to reach US$5 trillion in market value told The Financial Times that Beijing’s energy subsidies were boosting its drive to build cutting-edge semiconductors used to power AI technology developments. “China is going to win the AI race,” the British newspaper cited him as saying on Wednesday at an...

China’s yuan added to aviation settlements in boost to internationalisation

The International Air Transport Association (IATA) will add the yuan to the settlement currencies available to airlines and aviation suppliers through the industry association’s clearing house, a move bolstering China’s efforts to promote the internationalisation of its currency. Yuan settlements will be available from next month following the completion of a trial period, the association said in a statement issued on Wednesday, with domestic carriers China Southern Airlines and Xiamen Airlines...

Chinese trade negotiator urges US to boost agricultural cooperation

China’s key trade negotiator, Li Chenggang, has called on the US to create “a favourable atmosphere” for agricultural cooperation between the two countries. “We hope the US will work together with China, with a focus on the broader picture, to create a favourable atmosphere for practical cooperation in areas such as agriculture,” Li told a visiting US agricultural trade delegation in Beijing on Tuesday, according to a statement published by the Ministry of Commerce on Wednesday. Li said there...

Will quantum be bigger than AI?

The highly complex technology is increasingly being tipped to transform computing.

Lucid misses Wall Street expectations, narrows production guidance

Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia's Public Investment Fund.

E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact

E.l.f. Beauty, which acquired Hailey Bieber's beauty brand Rhode earlier this year, expects the brand to increase annual run rate revenue by $300 million.

Read Paramount's argument for why its WBD buyout offer is superior to splitting the company

Warner Bros. Discovery plans to announce either a sale or that it's moving forward with splitting the company — or both — by Christmas, sources told CNBC.

Starbucks union authorizes open-ended strike as busy holiday season begins

Starbucks union baristas have voted to authorize an open-ended strike.

Tale of two halves: how China’s trade war roller coaster shook the Canton Fair

The Canton Fair, considered a barometer of China’s foreign trade and manufacturing outlook for the next six to nine months, has concluded in Guangzhou as dramatically as it began. Three weeks ago, the exhibition hall was shrouded in gloom. Just days before China’s largest and oldest trade exhibition opened on October 15, US President Donald Trump had threatened to impose an additional 100 per cent tariff on Chinese goods. The announcement sent shock waves through the fair, plunging exporters...

Volkswagen to make own chips in China for locally made autonomous vehicles

Volkswagen Group plans to develop its own advanced semiconductors in China to power its locally made semi-autonomous vehicles, ramping up efforts to regain ground in the world’s largest car market amid heightened competition. The German carmaker on Wednesday said Carizon – a venture it jointly owned with Horizon Robotics, a designer of artificial intelligence integrated circuits – would develop a system-on-a-chip (SoC) that would be delivered in the next three to five years. “We are accelerating...

Brazil-China trade heats up amid investment surge, export opportunities

Amid the growing presence of Chinese firms in Brazil, Brazilian businesses are expressing hope of being able to further expand into China’s market, while also calling for enhanced bilateral efforts to overcome challenges such as logistical bottlenecks. “China can and should be Brazil’s largest export market for every product category,” said Christian Gogola, director of Brazilian drink company Legendaria. “But for now, more Chinese companies are entering Brazil than Brazilian firms doing...

China names GDP benchmark for headline target: 4.17% annual growth through 2035

With China’s population expected to shrink over the next decade, an official publication has said an average annual economic growth rate of 4.17 per cent would be necessary to meet a headline target for long-term development by 2035 – providing greater clarity for what the government considers a success as it works to achieve the long-range benchmark. The latest proposals for the country’s next five-year plan – unveiled by the Communist Party’s Central Committee last month – do not specify...

Nexperia fallout: chip spat reignites EU debate over Chinese investments

The saga of Netherlands-based and Chinese-owned chipmaker Nexperia, caught up in broader geopolitical tensions between the United States and China, is rekindling a debate about foreign investment in Europe and is likely to lead to further scrutiny by EU countries on future Chinese investments in the bloc, according to analysts. After The Hague seized control of Nexperia from its Chinese owners on September 30, citing national security concerns and invoking a law that had been sitting idle since...

China has a new champ in coal-fired power despite focus on renewable energy

China’s energy industry has passed a new milestone, with the expansion of the Yangtze River Delta’s Beilun Power Station making it the largest thermal power station in the country by installed capacity. The plant’s coal-fired Unit Nine has commenced operations after a 168-hour full-load trial, state-owned China Energy Investment Corporation announced on Monday. That additional gigawatt of power has raised the total installed capacity of the station, located in Ningbo, Zhejiang province, to...

China to ‘embrace free markets and free trade’, premier says at CIIE

Chinese Premier Li Qiang has pledged to further open the country’s vast consumer market to international businesses after Beijing and Washington reached a significant trade deal that was expected to help restore normality to global supply chains. Addressing about 1,000 government officials, business leaders and merchants at the opening of the China International Import Expo (CIIE) in Shanghai on Wednesday, the premier said Beijing remained resolute about supporting globalisation and...

Xi-Trump summit opens window of opportunity for US firms at China import expo

Less than a week after a high-profile summit between President Xi Jinping and US President Donald Trump – a meeting that cooled the trade conflict between Beijing and Washington after months of heated recriminations – American exhibitors are expected to be more visible at this year’s China International Import Expo (CIIE). More than a dozen agricultural producers from US breadbasket regions will display their wares at a special pavilion at the high-profile trade show, and several of the...

As China holds the line in ‘trade war 2.0’, its yuan follows suit

When US President Donald Trump fired the opening salvoes of his country’s trade war with China in his first term, Beijing’s currency was on the front lines. By 2019, the yuan had tumbled past the benchmark value of seven per US dollar for the first time in over a decade, rattling investors and fuelling speculation that Beijing was allowing depreciation to mitigate the effects of tariffs. As Washington and Beijing began to lock horns once again, with Trump’s second White House foray bringing with...

How China and Asean can ensure their upgraded pact is truly win-win

At last month’s Association of Southeast Asian Nations (Asean) summit, China and the bloc upgraded their free trade pact in the areas of environmental protection, product quality and support for small businesses. Premier Li Qiang contextualised the agreement in light of “greater development challenges” facing Asean nations, as they are “unfairly subjected to steep tariffs”, an indirect criticism of the erratic measures unleashed across the region by US President Donald Trump. Another noteworthy...

Former shop worker has 'nightmares' over abuse at work

A former retail worker from Dundee backs a campaign asking shoppers to treat staff with respect.

China accuses Netherlands of fuelling chip crisis over Nexperia seizure

Beijing has blamed the Dutch government’s inaction in resolving the Nexperia dispute, saying The Hague has failed to show a “constructive attitude” and thus is escalating the global semiconductor supply-chain chaos. Tuesday’s criticism came days after China agreed to exempt compliant orders for chips made by Nexperia’s Chinese facilities from an export ban, following the latest round of trade negotiations with the United States. While China’s latest move was “in a responsible effort to maintain...

China sets up new department to spearhead government debt clean-up drive

China’s finance ministry has set up a dedicated department for managing government debt, with Finance Minister Lan Foan calling for “ironclad discipline” to prevent off-balance-sheet borrowing amid Beijing’s ongoing campaign to defuse local government debt risks. The new debt management department is now listed on the Ministry of Finance’s official website. Its director is Li Dawei, who was previously with the budget department and also led a ministry-affiliated government debt research and...

China’s digital competitiveness hits high amid trade-splintering worries: survey

China is elevating its digital competitiveness on the world’s stage, according to the latest rankings from a Swiss academic institute, while those behind the findings caution that trade fragmentation is weighing on economies’ digital prowess globally. The world’s second-largest economy has reached an all-time high of 12th place among 69 economies in terms of overall performance, improving by two places from 2024, according to this year’s edition of the World Digital Competitiveness Ranking,...

‘Future of luxury’: China’s shoppers hailed as French giant vows faith in market

French luxury giant LVMH has expressed full confidence in the Chinese market despite sluggish consumption in the world’s second-largest economy, promising continued investment in what it calls “the beating heart of global luxury”. “The future of luxury is being shaped here, in China, with China and with our Chinese clients,” said Marc-Antoine Jamet, LVMH’s secretary general, in Paris before heading to the annual China International Import Expo (CIIE) in Shanghai. China is a top market for the...

The start-up creating science kits for young Africans

Stemaide's goal is to bring tech skills to young Africans and prepare them for future jobs.

Businesses are running out of pennies in the US

Find a penny, pick it up, then what? Now the US has stopped making pennies, a shortage has emerged and created confusion.

'This is the big one' - tech firms bet on electrifying rail

Railway operators have new options for electric trains including getting rid of locomotives altogether.

The US bet big with Argentina bailout - is it paying off?

US Treasury Secretary Scott Bessent has called the Argentine peso "undervalued". But not many people agree.

US and China's different reports of their trade meeting

Donald Trump says the US can sign a trade deal with China "pretty soon" following talks with Chinese President Xi Jinping in South Korea

Should K-beauty products have to come from South Korea?

Sales of Korean skincare treatments continue to soar, but some are now made by overseas companies.

Why the 5G symbol on your phone doesn't mean you have 5G

New research shows that 40% of the time a phone displays the 5G symbol, it is actually using a 4G connection.

The South African start-up bringing tech to townships

Entrepreneur Talifhani Banks has bought a modern delivery system to smaller firms in South Africa.

These robots can clean, exercise - and care for you in old age. Would you trust them to?

It sounds like something from a sci-fi film - but some scientists believe this clever new tech could help alleviate strains on the UK care system

The striking Swedish workers taking on carmaker Tesla

The industrial action against the company's operation in Sweden has reached its second anniversary.

Can the plastic recycling industry be saved?

Plastic recycling plants in Europe are being shut as they struggle to find a business model

How the outsourcing sector became South Africa's newest goldmine

South African firms that do remote work for North American and European businesses growing strongly.

The £5.30 orange juice that tells the story of why supermarket prices are sky high

Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why

Protests and food poisonings test Indonesian president's first year in office

Prabowo Subianto's promises of dynamic economic growth and social change have faced major challenges.

How good is the battery in a used electric vehicle?

Companies are offering tech they say can accurately test the health of batteries in used EVs.

Why AI is being trained in rural India

Smaller Indian towns are becoming centres for training and correcting artificial intelligence models.

Netherlands' renewables drive putting pressure on its power grid

Homes asked to use less electricity as network is overloaded by the rush to wind and solar power.

How Milei's 'Thatcherite' economics divided his nation - but won over Trump

Ahead of Milei's visit to the White House - amid protests and anger on the streets back at home - Ione Wells unravels the paradox that Argentina's president has created

Trump's state visit is mired with potential pitfalls despite careful planning

Months of preparations have gone into this state visit - but the Lord Mandelson question is not the only concern troubling insiders.

The UK car industry is at a tipping point - can it be saved?

Tariffs, Brexit, pandemic havoc... All of this caused short-term disruption - but the impact concealed a deeper problem for the UK automotive industry

Trump's global tariffs 'victory' may well come at a high price

The US president considers it a win - but if this all triggers a foundational realignment, the results may not break in his favour

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