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How can China get the best tech? Keep calm and learn from the US, economist says

Yao Yang from Peking University says a developed, capitalist market and openness to immigrants helped the United States lead the way over the past century.

Virgin Trains targets West Coast in return to rail

Virgin Group has applied for a licence to run trains on the route it lost to Avanti in 2019.

Leading business figure Sir Anthony O'Reilly dies

He built an international media business which at one stage owned more than 100 newspapers.

Western concerns about Chinese oversupplies are woefully misplaced

The West misunderstands China’s efforts at boosting innovation and satisfying domestic demand as seeking to undermine foreign competitors. While oversupply is a valid concern, a bigger problem is concentrated production among a small cluster of firms which US tariffs on China will not address.

The High-Class Problem That Comes With Home Equity

You may feel richer as you pay your mortgage down and home values go up. Using that equity is another matter entirely.

How to Create a Strong Financial Plan When You’re Renting Forever

Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set.

How Lowriders Put a Vivid Stamp on New York City’s Car Scene

These lovingly customized cars, long embraced as a way to celebrate Mexican American culture and bring families together, are gaining visibility and respect as bouncing, rolling works of art.

China’s diamond industry having a hard time, any way you cut it, as more consumers go for gold

With consumption taking a hit in fraught economic times, safe-haven investments are outshining discretionary diamond purchases in the eyes of many Chinese buyers.

China’s corruption watchdog targets Agriculture Minister Tang Renjian

Tang is the first member of the Communist Party’s current Central Committee to come under investigation for ‘discipline violations’.

'I had no choice but to get a 35-year mortgage'

With more young homebuyers opting for ultra-long mortgages, we hear from people about their personal experiences.

Fujitsu sacked boss at height of Horizon scandal

Global president Rod Vawdrey then returned to Australia and made millions in a "train wreck" float.

What’s BlackRock Without Larry Fink? Shareholders Fret About Future.

Investors in the world’s biggest asset manager are asking how much more room it has to grow and who will drive that growth once its chief executive retires.

A Loss at Mercedes-Benz Slows U.A.W.’s Southern Campaign

After Mercedes workers voted against joining the United Automobile Workers, the union will have less momentum as it campaigns to organize Southern factories.

What Caitlin Clark’s Arrival Could Mean for WNBA’s Business

Clark’s arrival has many betting on the W.N.B.A.’s success. But certain structural disadvantages persist, including how much the players earn.

Why TikTok Users Are Blocking Celebrities

A TikTok movement is calling for followers to block famous people over their stances on the Israel-Hamas war. It began at the Met Gala.

What to Do With an Inheritance

A sudden windfall while grieving can be an emotional minefield, particularly for younger adults. Experts share ways to handle it wisely.

How Companies Dodge Tariffs

Protectionist trade policies are popular on both the left and right. But some economists say they’re likely to backfire.

Media giants lean on sports as Hollywood strikes still loom over content slates

Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.

Unpaid carers being forced to repay £250m to DWP

One claimant unknowingly overpaid Carer's Allowance said the debts she incurred have brought 'considerable financial strain'.

The Night That Sotheby’s Was Crypto-Punked

The auction that was supposed to be an art world coming-out party for NFTs instead exposed the instability at the heart of the crypto world.

Is another Asian currency crisis coming? Keep an eye on China’s yuan

Concerns about an Asian currency war and what it would mean for the world economy have been underpinned by a strong US dollar. Some economies may choose to intervene in currency markets, but the big question is whether China will devalue the yuan or proceed with caution

Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods

The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.

China’s high-speed railway in Indonesia is adding trips – but debt could hold back the gravy train

A Chinese high-speed railway line in Indonesia has been open for six months – and is popular enough that new trips have been added – but high debt levels are raising questions about its long-term utility.

Chinese carmaker Chery banks on battery technology to rev up transition to EVs, eyeing Gotion’s solid-state type

State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.

Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.

UAW Loses Unionization Vote at Mercedes Factories in Alabama

The election, fiercely opposed by the state’s political leaders, was seen as a test of the United Automobile Workers’ ability to unionize factories in the South.

China Says It Will Start Buying Apartments as Housing Slump Worsens

Signaling growing alarm, policymakers ramped up efforts to stem a continued decline in real estate values.

FSA vs. HSA: What to Know About the Accounts to Pay Medical Costs

Flexible spending accounts and health savings accounts both have tax benefits, but both may also have drawbacks, two reports found.

Who is Paula Vennells? Ex-Post Office boss in Horizon IT inquiry

The ordained priest who led the Post Office from 2012 to 2019 faces three days of questioning at the Horizon Inquiry.

Mercedes-Benz workers in Alabama vote against UAW union membership

The results are a blow to the UAW's organizing efforts a month after the Detroit union won an organizing drive of Volkswagen plant workers in Tennessee.

Union forming stalled in US Mercedes-Benz

The UAW effort to win members in at Mercedes was a test of a wider resurgence in worker activism.

As the 2024 Race Heats Up, Betting Is Growing for Everything but Elections

U.S. residents can still gamble on the presidential race — but regulators are trying to stop the practice.

Fewer crackers in Ritz boxes but price remains same

The 200g packs of Original and Cheese crackers have been replaced by packs weighing 150g and 140g.

What the Supreme Court Ruling Means for Other Consumer Bureau Actions

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.

Frontier Airlines does away with change fees in budget airline pricing overhaul

The budget airline's changes come amid the Biden administration's crackdown on so-called "junk fees."

Boeing boss's £25m pay package approved

Boeing shareholders approved a $33m pay package for outgoing boss Dave Calhoun.

Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis

Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday.

Boeing shareholders re-elect departing CEO Calhoun to board

New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.

In About-Face, Wall Street’s Big Donors Warm to Trump

They may “hate the man,” as one put it, but major business players from coast to coast are increasingly on board for a second term after the first one alienated them.

China’s April economic data delivers ‘mixed bag’: 6 takeaways as property slump drags on

Property investment in China fell again in the first four months of the year and retail sales growth cooled in April, but industrial output remained strong last month, data released on Friday showed.

Robert Dennard, IBM Inventor Whose Chip Changed Computing, Dies at 91

He invented DRAM, the technology that allowed for the faster and higher-capacity memory storage that is the basis for modern computing.

'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

Bank of England plans expansion of Leeds base

The bank's governor says expanding its Leeds base would enable it to "better represent the public".

Some A.I. Companies Face a New Accusation: ‘Open Washing’

An accusation against some A.I. companies that they are using the “open source” label too loosely.

A Supreme Court Victory for the CFPB Won’t End a Regulatory Fight

A win for the Consumer Financial Protection Bureau removed the existential threat hanging over the agency, but opponents have vowed to keep on fighting.

Alan Bates rejects second Post Office compensation offer

The latest offer amounted to around a third of what the campaigner had asked for.

China property: Beijing launches US$41 billion of funds to buy unsold homes, repurchase of ‘idle’ land in drive to rescue housing market

Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.

Energy bills predicted to fall by 7% in July

If the forecast proves correct, it would mean a typical annual bill could be £500 lower than last summer.

Can troubled Thames Water avoid collapse?

The firm has huge debts and it may have to be taken over by the government if it runs out of money.

Severn Trent boss defends multi-million pay packet

The water firm made 60,000 sewage spills last year but insists river quality is improving.

Grand Theft Auto maker firms up GTA 6 release date

The latest instalment of the hugely popular series will be released in autumn 2025, its publisher says.

More people seek help for debts as fee scrapped

Debt Relief Orders are available to those on low incomes to clear existing debt and surged as the fee was axed.

Hunt hints at another National Insurance tax cut

Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.

China outlook ‘strongly negative’ for German engineers, with poor demand and overcapacity named as culprits

German industrial engineering firms reported a negative outlook for their China business in a recent survey, with weak demand and overcapacity most frequently mentioned as the cause for their low confidence.

Preakness Stakes Welcomes Trainer Barred From Kentucky Derby

Controversy over doping and horse deaths has trailed the successful trainer for several years, but deep-pocketed owners have stuck by him.

Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers

He Lifeng stressed the need to ‘carry on the battle’ to surmount the risks that unfinished and unconstructed homes represent, as the health of the property market is tied closely to social wellness and economic development.

China tests rail gun, Lawrence Wong ‘pride of Hainan’, Cathay bosses’ hefty pay rise: SCMP’s 7 highlights of the week

From China’s rail gun sending smart bomb into stratosphere to Singapore’s Lawrence Wong being ‘pride of Hainan’, here are a few highlights from SCMP’s recent reporting.

Teen Who Died After Spicy ‘One Chip Challenge’ Had Enlarged Heart

A subsidiary of the Hershey Company pulled the chip from store shelves in September after Harris Wolobah, 14, ate one and died. He suffered cardiopulmonary arrest, a medical examiner found.

China’s ‘deteriorating’ property sector weighs heavy, but measures offer hope to economy

China’s property investment fall accelerated in the first four months of the year, while retail sales growth slowed in April, data released on Friday showed.

Taiwan, on China’s Doorstep, Is Dealing With TikTok Its Own Way

The island democracy was early to ban TikTok on government phones, and the ruling party refuses to use it. But a U.S.-style ban is not under consideration.

Inside NPR, New Editing Layer Adds Angst Among Employees

Many employees have expressed concern that a new group of six editors called the Backstop will be unnecessary and slow down NPR’s journalism.

Is China's bubble tea bubble about to burst?

Chinese bubble tea shares fizzle, raising questions about the industry and Hong Kong's stock market.

The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery's next move

Warner Bros. Discovery's latest talks with the NBA could turn into a legal battle if the league decides to sign an agreement with NBCUniversal, sources said.

China’s medical testing sector scales down with pandemic peak in rear-view

With the end of pandemic control measures severely reducing the demand for medical testing services, China’s laboratories are facing massive declines in revenue and laying off large portions of their staff.

FDA approves Amgen's treatment for most deadly form of lung cancer

The FDA cleared the Amgen drug, called Imdelltra, as a treatment for patients with advanced small-cell lung cancer.

FDA Approves Amgen Drug for Persistently Deadly Form of Lung Cancer

The treatment is for patients with small cell lung cancer, which afflicts about 35,000 people in the U.S. a year.

Canada Goose jumps 16% after the company reports growth surge in China

Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates

Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.

Under Armour is laying off workers as retailer says North America sales will plunge this year

Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.

Walmart Stock Hits Record Close on Strong Quarter

The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.

Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains

Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.

United Airlines says FAA cleared it to start adding new aircraft, routes after safety review

United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.

U.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes

Southern political leaders say a win for the United Automobile Workers would threaten their economies. Activists want to strike a blow against a system they say exploits the poor.

How Media Outlets Are Covering Michael Cohen’s Testimony

Conservative outlets have painted Mr. Cohen as a traitor to the conservative cause, while liberal organizations focused on what he said he did for Donald J. Trump.

Supreme Court Rejects Challenge to CFPB Funding

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

EU Investigates Facebook and Instagram Over Addictive Effects on Children

The American tech giant’s platforms, Facebook and Instagram, may “exploit the weaknesses and inexperience of minors,” the European Commission said.

Truck Driver Is Killed in Episode at TSMC’s Arizona Semiconductor Plant

Construction at the facility was not affected. The Biden administration awarded the company a $6.6 billion grant last month to expand in the United States.

Walmart says more diners are buying its groceries as fast food gets pricey

Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.

Xi Jinping and Vladimir Putin pledge to develop even closer China-Russia ties in energy and finance

Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.

What are the 14 Chinese items on the US tariff list, and how important are they to China’s exports?

The US announced plans on Tuesday to increase tariffs on 14 categories of products from China under Section 301 of the Trade Act of 1974, covering US$18 billion in imports.

Roche says weight loss drug shows promising results in early trial

The weekly injection helped patients with obesity lose 18.8% of their weight relative to those who received a placebo, after 24 weeks in the phase one trial.

For China, be it Donald Trump or Joe Biden at the US helm, the barrage of ‘political’ strikes may only intensify

Analysts say Beijing is preparing ‘for all types of situations’ in a trade war with the US that shows no sign of abating after six years, as the leading presidential candidates vow to turn up the heat.

Wayfair to open its first large store, as physical locations make a comeback

What "retail apocalypse"? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become more challenging.

Despite Inflation Concerns, Markets Keep Rising

Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.

China’s murky debt collections get new rules: don’t harass, no late-night operations, don’t enter homes uninvited

With household debt at worrisome levels, curbing consumption and China’s economic recovery, Beijing is interjecting in the largely unregulated process with new guidelines for issuing loans and collecting arrears.

‘Young Sheldon’ Is Set to End as It Finds a New Audience on Netflix

The seven-year run of the hit series, which ends on Thursday, mirrors the story of the television business during that time.

Vantage, Our Cruise Company, Went Bankrupt. We Are Out $17,905.

A couple purchased an Arabian Sea voyage, but Vantage, the cruise company, went under. Their travel insurance was supposed to cover financial default, but the claim was repeatedly denied.

Can Dogs Go Into NYC Restaurants?

According to the New York City Department of Health and many diners with service dogs, the answer is no. But some dog owners can’t part with their pets.

Jewelers Turning to Artificial Intelligence for Online Advertising

Jewelers are increasingly exploring the technology’s potential to create new worlds in online campaigns.

Chinese EV maker Nio pledges to avoid price war to maintain premium aura, even after launching mass-market brand Onvo

Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.

Inflation Moderated Slightly in April, Offering Some Relief for Consumers

Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.

Visa-free China entry approved at all cruise ports, tourists allowed to stay for up to 15 days

The visa-policy easing is expected to boost tourism that has yet to fully rebound since the pandemic, and the move could also give local economies a jolt.

Climate change: Shanghai’s main gas supplier is building facilities to turn kitchen waste into green methanol to fuel ships

Facilities capable of producing 70,000 to 100,000 tonnes of green methanol from leftover food will be ready by the end of 2025, Shi Pingyang, vice-president of Shenergy, told reporters on Wednesday.

S&P 500 Pushes Past Previous Record After Inflation Report

Investors seized on the latest inflation report as another sign that interest rates could be cut this year, helping push the S&P 500 past its March record.

Netflix and the N.F.L. Sign a Three-Season Deal

Football joins pro wrestling and comedy specials in an expansion of the streaming service’s live offerings, a key step in the company’s overall live TV strategy.

The man who turned his dead father into a chatbot

The "grief tech" firms helping users create talking avatars of their dead relatives.

Beijing’s intervention in Chinese markets, including tech, could strangle ‘economic dynamism’, author says

A new book on China’s tech regulations and economic governance assesses the impact of perceived overreaching in the market, with far-reaching effects flagged by professor Angela Zhang.

CNN and ABC Snag the Presidential Debates

In a matter of hours, two networks outmaneuvered their rivals and landed a coveted pair of Biden-Trump prime-time debates.

Frank McCourt Starts Effort to Buy TikTok

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.”

Netflix to stream Christmas Day NFL games for three years

Netflix is taking its most significant step yet into live sports with a deal to stream NFL games on Christmas Day.

Netflix ad-supported tier has 40 million monthly users, nearly double previous count

Netflix's cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million the company reported in January.

AI Program Aims to Break Barriers for Female Students

A new program, backed by Cornell Tech, M.I.T. and U.C.L.A., helps prepare lower-income, Latina and Black female computing majors for artificial intelligence careers.

Trump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion

In their first few weeks of trading, shares of Truth Social’s parent company soared, then crashed, and have recently made a strong recovery. Former President Donald J. Trump’s holding is now worth about $6 billion.

Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture

The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.

Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.

Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.

McDonald's $5 value meal is coming in June — and staying for just a month

The offering will include four items — a McChicken or McDouble, four piece chicken nuggets, fries and a drink.

What the F.A.A. Bill Means for Travelers

The legislation, which funds federal aviation programs for the next five years, cements new passenger protections, adds new routes and lets the T.S.A. continue to expand facial recognition programs. Here’s what you need to know.

Education Dept. Extends Deadline to Consolidate Student Loans for Forgiveness

Borrowers with commercially held loans will now have until June 30 to take steps to make their loans eligible for elimination.

YouTube Blocks ‘Glory to Hong Kong’ in the City

Responding to a court order, YouTube and its sister company, Google, will block viewers in the region from viewing videos of the song, “Glory to Hong Kong.”

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.

Walgreens to offer its own cheaper version of opioid overdose reversal drug naloxone

Walgreens said it will sell a two-dose pack of its naloxone for $34.99, around $10 cheaper than the over-the-counter Narcan nasal spray.

Inside the Rent Inflation Measure That Economics Nerds Love to Hate

The Consumer Price Index inflation measure accounts for housing costs in a complicated way. There are reasons for it.

How MSNBC’s Leftward Tilt Delivers Ratings, and Complications

NBC’s leaders have been forced to grapple with how to square its cable news network’s embrace of progressive politics with the company’s straight-news operation.

Justice Dept. Says Boeing Violated 2021 Settlement Over Max Plane

The department said the company had failed to design and enforce a compliance and ethics program to prevent violation of U.S. fraud laws.

A Big Plot Twist at OpenAI

Ilya Sutskever, a co-founder at the artificial intelligence start-up and one of the world’s leading researchers, is out, and Sam Altman’s control looks firmer than ever.

Why Is Car Insurance So Expensive?

Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?

US tariffs on China: what’s the real impact, and what could happen next?

Analysts discuss how Beijing could respond to Washington’s latest trade offensive, and how the impact could have repercussions beyond China’s borders.

Disney+ will stream Caitlin Clark's WNBA debut in the platform's first live sports event

The WNBA regular season opens tonight with NCAA star Caitlin Clark making her debut. The game will be the first-ever live sports event streamed on Disney+.

China property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market

Authorities in Hangzhou, the capital of China’s Zhejiang province, are planning to buy homes and rent them at affordable rates, to reduce inventory and boost sales.

Qatar energy minister hails China partnerships on LNG, renewables, supertankers

After his visit to Beijing to sign US$6 billion shipbuilding deal, Saad bin Sherida al-Kaabi reports friendly meetings and good prospects for further cooperation.

Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood

Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.

China adjusts added value accounting to mitigate data manipulation, clean up GDP statistics

The added value of the financial sector is being calculated via a new set of metrics to increase statistical accuracy and cut down on data manipulation, making GDP figures more resilient to massaging by localities.

Alibaba, Tencent beat forecasts with strong results, a harbinger of China’s improving corporate earnings as economic growth takes root

Strong financial results by the two companies are the touchstones of the earnings growth that global investors are looking for, as they debate whether China’s post-pandemic recovery was a flash in the pan.

TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban

The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights.

Justice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes

The Justice Department said Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges over the two fatal 737 Max crashes.

'Corrupt ship inspectors demand our food and cargo'

Seafarers tell the BBC port officials routinely demand bribes before allowing ships through.

China population: Beijing rounds up experts for birth rate recommendations as youths report reluctance

A meeting of political officials and experts has been convened to propose new ways to boost dropping fertility rates, as recent policies have made little headway in encouraging births.

Home Depot misses on revenue, as high interest rates hurt sales

Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.

AMC's meme stock windfall may help it pay down a massive debt load

The last time these retail investors rallied around AMC, it avoided bankruptcy. Now, it has a chance to put a dent in its substantial debt load.

Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again

A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.

Walmart is laying off, relocating hundreds of corporate workers across the country. Read the memo

The move follows the closures of the company's health clinics and comes ahead of its earnings report on Thursday.

Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.

Comcast Plans Streaming Bundle With Netflix and Apple TV+

The bundle, called StreamSaver, is the latest joint effort from entertainment companies looking to woo price-weary customers.

Biden says new China tariffs are needed to protect US industries from companies subsidised by Beijing

US President Joe Biden also gives his action a political edge, criticising Donald Trump, his predecessor and challenger for re-election, for failing to increase US exports and boost manufacturing.

Fat Brands confidentially files to IPO its Twin Peaks and Smokey Bones restaurant chains

Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.

People on Novo Nordisk's Wegovy maintain weight loss for up to four years, study says

The results shed light on the long-term effects of Wegovy, and could boost Novo Nordisk's case to insurers and governments to cover the costly drug.

Comcast offers subscribers Peacock, Netflix and Apple TV+ bundle

The announcement comes as major media players, like Disney and Warner Bros. Discovery, increasingly join forces to boost subscriptions for streaming services.

China hits back as US proposes new tariffs for ‘unfair’ tech-transfer policies that ‘burden’ US commerce

Tariffs would rise to 100 per cent from 27.5 per cent on China-made electric vehicles (EVs) and to 50 per cent on its semiconductors and solar cells.

Punitive tariffs on Made in China EVs likely to restrain BYD, Leapmotor and peers from US market, hurt go-global plans

Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?

Global Impact: will ‘golden times’ return for China? Analysts, observers and military personnel have their say

In this week’s issue of the Global Impact newsletter, we share some highlights from Open Questions, a new series from the Post that interviews global opinion leaders.

China’s first sodium-ion battery energy storage station could cut reliance on lithium

The success of the station could have big implications for the industry, as the new technology is seen as a promising alternative to resource-dependent lithium batteries.

Cow dung's key role in India's energy industry

India is hoping that biogas, produced from farm waste, will curb its reliance on imported gas.

How China’s EV overcapacity has come to a head after 15 years, and what’s in store for the industrial policy race with US and EU

Fresh US tariffs targeting China’s new-energy sector are imminent, threatening to thwart export efforts aimed at alleviating a market oversupply.

China begins work on new C939 widebody jet, going bigger and bolder after C919’s success

With its narrowbody C919 flying regular routes and orders pouring in, China has already started design work on the next generation of its domestically produced commercial aircraft – the C939.

China, Russia could bypass barriers to buoy business as Western sanctions bite, researchers say

Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.

What green light for Tesla says about China’s attitude to foreign investors

From the Shanghai Gigafactory to Tesla’s autonomous driving plans, China’s encouragement reflects give-and-take and a recognition of the mutual benefits of foreign investment and tech

China credit engine goes into reverse, piles pressure on Beijing

China’s shock credit contraction is adding pressure on the government to spend more money – and on the central bank to help.

China is paying some workers in digital yuan – but few are choosing to use it

China has begun to test paying some state employees through its digital currency, but the trial is not making much impact in the e-CNY’s adoption as most quickly and automatically switch their salaries to cash.

Will Putin’s China visit help re-energise a dormant pipeline project?

When Russian President Vladimir Putin visits China, many have predicted he will discuss the slow progress on the Power of Siberia 2 pipeline. Is the marquee project, watched closely by the West, still a go?

Cold war 2.0 would exact a much higher economic price

It is starting to look as if the changes in global economic ties will lead not to a hot war but a new ice age where US- and China-aligned blocs coexist in an environment of slow growth and tension

From CATL’s ultra-fast battery to Zeekr’s ‘living room’ on wheels, Auto China show offers a glimpse of the future of electric vehicles

The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.

China inflation: raising costs of public services a ‘necessary step’ to offset property, debt pressures

Property slump and rising debt piles provide debt-ridden local governments the opportunity to increase the cost of services such as rail fares and utilities.

China scouts Hungary to power EV battery production and sell to wider, warier EU

As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.

China urged to support key middle class, fix social problems to ‘supersize’ domestic market

Policy adviser Liu Yuanchun says expanding weak domestic demand remains the ‘key measure’ for China, with reforms needed to empower rural population as Beijing eyes sustainable economic growth.

Contain China? Washington, that ship has sailed

Unlike the Soviet Union in the 1980s, China has a highly diversified economy and capable defences making it unlikely to collapse or be contained. Despite what some pundits in Washington may believe, much of the world would not readily join the US in a war or containment strategy against China

HSBC, Standard Chartered press Sunak to ease proposed clampdown on China business

Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.

In China, business sentiment plunges to ‘all-time low’, EU Chamber of Commerce finds

European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.

The post-Brexit hard sell for British food in Asia

The UK still lags far behind its main European counterparts, both in terms of sales and reputation.

Chinese scholars suggest official line between entrepreneurs, capitalists to jolt private-sector spirit

With the government pulling out the stops to show support to the private sector, some scholars have called for an official delineation between entrepreneurs and ‘capitalists’ to demonstrate ideological sincerity.

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China’s exports returned to positive growth in April amid a recovery of global demand, but analysts said the focus should still be on sustaining momentum in domestic demand.

Will AI dream up the hit TV shows of the future?

Television production firms admit they are already using AI to come up with new programme ideas.

How quantum physics could 'revolutionise everything'

From unhackable communication networks to powerful computers, quantum technology promises huge advances.

The rise of Sweden's super rich

Why the Nordic nation, despite its reputation for social equality, has so many billionaires.

'Garden floods show need to work with nature'

Insurance scheme urges gardeners to use planting to protect their homes from floods.

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