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Ex-Camelot boss named as new Post Office chairman
Nigel Railton is confirmed as interim chairman of the Post Office after Henry Staunton's sacking.
Read moreHouse prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.
Read moreBeijing tightens grip on China social media giants
Changes to China's State Secrets Law requires internet firms to monitor information shared by users.
Read moreEurope’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.
Read moreChina’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
More capable autonomous driving is just one way Chinese automakers are threatening to pull ahead — their E.V.s are also becoming bigger and roomier.
Read moreStarbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.
Read morePG&E Seeks Approval to Sell Stake in Its Power Operations
California’s largest utility said its proposed deal with the global investment firm KKR could reduce customer rates by $100 million over 20 years.
Read moreChinese women are teaming up with strangers to save money
They are finding new ways to cut back on household spending as China’s economy loses steam.
Read moreTesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
Read moreChina’s job-hungry youth offered lifeline by South Korean university with its ‘exemplary employment-linked model’
A South Korean university is launching a new associate degree programme exclusively for international students as it battles labour and population issues, with some also faced by China.
Read moreIndia's economy: The good, bad and ugly in six charts
India has one of the world's fastest growing economies but the benefits are yet to fully reach the poorest.
Read moreSame-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.
Read moreTatti Lashes: The school friends who built a beauty empire
Charlotte Tiplady and Elliot Barton explain how together they built up their Tatti Lashes beauty empire from Liverpool.
Read moreTens of millions secretly use WhatsApp despite bans
Will Cathcart reveals how many people are secretly using his app in countries where it is banned.
Read moreAmazon Prime ads help tech giant drive profits
The tech giant did better than expected in many areas of its business.
Read moreChina has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?
Predictions China would have already joined the group of high-income nations have yet to bear fruit. Is it still possible to break through the middle-income ceiling – and is it still an important benchmark?
Read moreBinance Founder Sentenced to 4 Months in Prison
Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation.
Read more8 Daily Newspapers Sue OpenAI and Microsoft Over A.I.
The suit, which accuses the tech companies of copyright infringement, adds to the fight over the online data used to power artificial intelligence.
Read moreNBC Sports could buy back rights to iconic theme song 'Roundball Rock' if it airs NBA games again, composer John Tesh says
NBC Sports can license the rights to John Tesh's famous "Roundball Rock" theme song if it secures a new NBA media package, Tesh said in an e-mail.
Read moreFTC challenges 'junk' patents held by 10 drugmakers, including for Novo Nordisk's Ozempic
The agency sent letters to Novo Nordisk, AstraZeneca, Boehringer Ingelheim, Covis Pharma, GlaxoSmithKline, Novartis, Teva Pharmaceuticals, among others.
Read moreEven as He Faces Prison Time, Binance’s Founder Plans a Comeback
Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.
Read moreBiden Tax Increases Won’t Hit Middle Class, Yellen Says
Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025.
Read moreBinance crypto boss sentenced to 4 months in prison
Changpeng Zhao, head of world's largest crypto platform, pleaded guilty to breaking US money laundering laws.
Read moreMcDonald’s earnings miss estimates as diners pull back, Middle East boycotts hit sales
McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.
Read moreA Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.
Read moreWalmart Is Shutting Health Centers After Plan to Expand
The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said.
Read moreJeff Zucker Abandons Telegraph Bid, Putting London Paper Back Into Play
RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders.
Read moreMeta Faces EU Investigation Over Election Disinformation
The inquiry is intended to pressure the tech giant to more aggressively police Facebook and Instagram ahead of the European Union’s closely watched elections in June.
Read moreGetir, a Rapid Grocery-Delivery Service, Exits the U.S. and Europe
The company had expanded quickly to keep ahead of rivals, but like other pandemic darlings, its business lost steam after lockdowns were eased.
Read moreHow Locals Saved ‘the Yosemite of South America’
A decade-long battle between a wealthy industrialist and a band of activists led to a surprising $63 million transaction.
Read moreDave & Buster's to allow customers to bet on arcade games
One of the largest entertainment operators in the country, Dave & Buster's, will allow its loyalty customers to compete against one another on its app.
Read morePostmasters tried 'to get away with' blaming IT - expert
Post Office inquiry sees an internal email from 2010 sent by an expert on the ill-fated Horizon system
Read moreWalmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
The nation's largest grocer sees room to build on its inflation-fueled grocery gains.
Read moreIn Reversal, Expert Panel Recommends Breast Cancer Screening at 40
Some researchers said the advice did not go far enough. The panel also declined to recommend extra scans for women with dense breast tissue.
Read moreTelegraph up for sale after takeover collapses
The ownership of the Daily and Sunday Telegraph was set to be transferred to a Abu Dhabi-backed bid.
Read moreHigh Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.
Read moreBlack Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.
Read moreEli Lilly beats on quarterly profit, hikes full-year guidance on strong sales of Zepbound, Mounjaro
Zepbound reported $517.4 million in sales for the quarter, even as most doses of the drug slipped into shortages in the U.S.
Read moreMichael C. Jensen, 84, Who Helped Reshape Modern Capitalism, Dies
He heralded stock options and golden parachutes as a professor at Harvard Business School, influencing a generation of Wall Street executives.
Read more'Brexit trade checks will cost me £200,000 a year'
Firms warn of higher costs but the government says its new border model will improve biosecurity.
Read moreWalmart to shutter health centers, virtual care service in latest failed push into health care
Walmart said clinics are not a sustainable business model due to a challenging reimbursement environment for primary care and increasing operating costs.
Read moreHome prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.
Read moreMeta faces EU probe over Russian disinformation
The EU says Facebook and Instagram have not done enough to combat "malicious actors'" political ads.
Read moreCoca-Cola tops earnings estimates, hikes revenue outlook on higher prices
Shares of Coke have fallen 3.5% over the last year, dragging the company's market value down to $267 billion.
Read moreChina’s exports to Mexico are getting heavier tariffs – is it a sign of more to come?
With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play.
Read moreWalmart Introduces a New Store Brand for ‘Quality Food’
The Better Goods store brand will carry plant-based, gluten-free and higher-end food and could help the retailer attract more affluent shoppers.
Read morePremier Inn owner Whitbread to cut 1,500 jobs
The company plans to sell or close more than 200 restaurants and expand its hotel business.
Read moreParamount Faces a Mountain of Questions
Bob Bakish, the media giant’s chief executive, is out, removing an obstacle to a deal with David Ellison's Skydance. But the company’s future is no clearer as a key deadline approaches.
Read moreBumble boss: What women in tech can learn from me
Lidiane Jones says women have to turn the career barriers they still face to their advantage.
Read moreBurger King invests another $300 million to remodel restaurants
The restaurant company is planning to spend $2.2 billion to revive Burger King's U.S. business.
Read moreChina, South Korea vie for advanced shipbuilding orders as battle of the supertankers heats up
QatarEnergy will pay China State Shipbuilding Corporation billions of US dollars for 18 tankers in a deal hailed as the industry’s biggest shipbuilding contract ever.
Read moreSustainability Activists Take Aim at Disposable Hotel Slippers
Slippers supplied by hotels — flimsy models usually made of plastic and fabric — are the next single-use item in the cross hairs of sustainability activists.
Read moreHow China’s third plenums have reshaped its economy – and what to expect this year
China’s Communist Party will hold one of its most-watched meetings in July, as analysts predict the political body will lay out reforms to aid in the country’s economic recovery.
Read moreOutlook ‘significantly brighter’ for Hong Kong stocks, as US$5 trillion market attracts global investors rotating out of US, Japanese shares
Hong Kong stocks emerged as the best-performing key market globally in April, after funds sought bargains by shifting out of expensive US and Japanese equities and as China’s growth shows more signs of stabilising.
Read moreHoneybees Don’t Need Saving, I Learned When They Invaded My House
Responding to fears of a “honeybee collapse,” 30 states have passed laws to protect the pollinators. But when they invaded my house, I learned that the honeybees didn’t need saving.
Read moreHSBC chief executive unexpectedly steps down
Europe's biggest bank said Noel Quinn will retire after almost five years in the role.
Read moreHydrogen Offers Germany a Chance to Take a Lead in Green Energy
A subsidiary of ThyssenKrupp, Germany’s venerable steel producer, is landing major deals for a device that makes the clean-burning gas from water.
Read moreChina’s private pension push marred by weak financial literacy, as ‘people still have no idea’
After a stretch of trials in select Chinese cities, there is rising urgency to rapidly expand use of the underperforming retirement accounts as demographic challenges mount.
Read moreAll New U.S. Cars Must Carry Automatic Brakes by 2029
The technology is already sold on most vehicles, but a new federal safety regulation raises the standards.
Read moreBob Bakish, Paramount CEO, Steps Down as Company Weighs Merger
Bob Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers a major merger.
Read moreChina’s factory activity grows at slower pace in April as order, price pressure undercuts economic recovery
China’s official manufacturing purchasing managers’ index (PMI) remained in expansion territory for a second consecutive month in April, although the pace slowed as officials admitted that manufacturers are facing higher costs.
Read moreJudge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations
The decision is another win for the Biden administration in a bitter legal fight with several drugmakers over the constitutionality of the price talks.
Read moreMigrants hit by high fees to send money home
Sending money across borders, particularly in Africa, can still be expensive.
Read moreHow Supplement Stores Are Trying to Tap Into the Ozempic Boom
GNC and the Vitamin Shoppe are redesigning displays and taking other steps to appeal to people who are taking or are interested in drugs like Ozempic and Wegovy.
Read moreChery’s Jetour unit plans right-hand drive cars to expand to Malaysia and Indonesia as competition escalates in China’s automotive market
Jetour targets markets like Malaysia and Indonesia with right-hand drive models as globalisation drive accelerates.
Read moreElon Musk Reaches Deals in China on Self-Driving Teslas
Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.
Read moreParamount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
Paramount Global CEO Bob Bakish is out, the company announced Monday, as merger negotiations with Skydance Media continue.
Read moreSkydance extends final offer to Paramount as merger talks stick on a possible shareholder vote
A potential dealbreaker is whether to hold a so-called "majority of the minority" vote on the deal, which would grant common shareholders potentially sway.
Read morePeacock streaming subscription prices to increase by $2 ahead of the Summer Olympics
Comcast's streaming service Peacock will see a price increase of $2 this summer.
Read moreUpgraded Museums Add New Value at Colleges and Universities
Educational institutions across the United States are spending more money to renovate museums and make them a more integral part of learning.
Read moreU.S. Lags Behind Other Countries in Hepatitis-C Cures
Despite an arsenal of drugs, many Americans are still unaware of their infections until it’s too late. A Biden initiative languishes without Congressional approval.
Read moreA Wealth Shift That Could Leave Some Younger Americans Behind
Assets held by baby boomers are changing hands, but that doesn’t mean their millennial heirs will be set for life.
Read moreEven With Gaza Under Siege, Some Are Imagining Its Reconstruction
International development agencies have been meeting with Middle East business interests and urban planners to map out an economic future for the territory.
Read moreSkydance Offers Paramount a Merger Sweetener: A $3 Billion Cash Infusion
The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.
Read moreInflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.
Read moreTaylor Swift Debuts at No. 1 on Billboard 200 With ‘Tortured Poets Department’
Only the Beatles have more No. 1 LPs now: The pop superstar reigns atop the Billboard 200 for the 14th time with the equivalent of 2.6 million album sales.
Read moreCPAP Lawsuits Settled for $1.1 Billion
Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.
Read moreFamily offices are looking beyond the stock market for higher returns, new report finds
Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.
Read moreChina should bail on US bonds even faster, scholar says, as bilateral tensions and anxieties mount
A highly placed scholar is encouraging China to offload more of its holdings in Treasuries as overseas assets become a riskier proposition thanks to erratic geopolitical shifts.
Read morePittsburgh Pirates, Penguins launch streaming service for local games
The regional sports network that airs Pirates and Penguins game is launching a streaming service priced at $17.99 a month.
Read moreBYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China
The Warren Buffett-backed carmaker posted first-quarter net profit of 4.57 billion yuan (US$631 million), 47.3 per cent lower than the quarter ended December 2023.
Read moreC919 mega-purchase by China’s flagship airline lifts home-grown jet in competition with Boeing
New deal adds years of additional business for China’s state-owned manufacturer and may boost investments while further fuelling purchases of the narrowbody plane.
Read moreWhy Beijing Stands to Gain from Elon Musk’s Visit
Tesla’s C.E.O. appears to have landed a deal that moves the company closer to bringing fully autonomous driving to a giant market. But Beijing is keen to exploit the visit for its own purposes.
Read moreChina’s consumers seek security in ‘the only safe asset’ as gold purchases remain strong
Gold purchases in China rose by 5.9 per cent in the first quarter compared with the same period in 2023, as consumers seek security in ‘the only safe asset’, analysts said.
Read moreStowaway Cat Gets 500 Miles from Home in Amazon Returns Box
Galena, a 6-year-old shorthair, was found in an Amazon warehouse a week after she climbed into a 3-by-3-foot cardboard box at her owner’s home.
Read moreState Street says Asia-Pacific institutional investors keen on private assets even as inflation, elevated borrowing costs subdue appetite
High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, State Street says.
Read moreSwarovski moves up from crystals to lab-grown diamonds as CEO Alexis Nasard plays ‘the long game’ to get over China’s consumption slowdown
Austrian crystal maker Swarovski has launched a lab-grown diamonds collection in China, in a sign that it has confidence in its second-largest market by sales despite some economic turbulence.
Read moreChina is still a developing country despite what US leaders might say
In recent years, American politicians have been seeking to challenge China’s status as a developing country Despite building a “moderately prosperous society”, the Chinese economy is still not considered high-income, and parts of the country still face unbalanced development.
Read moreHe Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed
When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law. He later said the company delivered the earrings.
Read moreOvercapacity or ‘over anxiety’? China hits back at Western claims of dumping
State news agency rejects allegations that Chinese EV firms are exporting a glut of electric vehicles.
Read moreChengdu becomes latest major Chinese city to unveil housing market support measures, scraps home purchase qualifications
The measures effective from Monday range from the removal of restrictions on homebuyers to support for the funding needs of developers.
Read moreChina jobs: anxious young jobseekers ‘stuck in a rat race’, forced to ‘lie flat’ as unemployment remains a headache for Beijing
Creating enough jobs for its young people remains a daunting challenge for Beijing, with the key private sector struggling to shake off scars of the coronavirus pandemic.
Read moreBlade Now Offers a $275 Bus Ticket to The Hamptons
Blade, after a decade of flying passengers to eastern Long Island on helicopters, is getting into the luxury coach business.
Read moreWith ‘Challengers’ and ‘Saltburn,’ Hollywood Movies Embrace Sex Again
Studios obsessively focused on PG-13 franchises and animation in recent years, but movies like “Challengers” and “Saltburn” show eroticism has returned.
Read moreSomeday soon China might dominate the hydrogen supply chain too
EU and US manufacturers already complaining of Chinese competition in solar power and electric vehicles won’t like China’s hydrogen policy. As it moves to produce hydrogen using renewable energy, this could become an important part of the world’s low-carbon future.
Read moreThis Ship Is Sinking. Can I Jump to a Client’s?
In the workplace, saving yourself is also your job.
Read morePremier Li Qiang meets Elon Musk in Beijing, raising hopes of Tesla’s autonomous driving push
Billionaire Elon Musk flew into Beijing on Sunday, meeting Premier Li Qiang and hoping to bring Tesla’s autonomous driving technology to China amid intensified competition with local electric vehicle makers.
Read moreChina EV price war to worsen as market share takes priority over profit, hastening demise of smaller players
China’s automotive sector braces for an escalating price war, and the intensified scramble for market share could hasten the closure of unprofitable laggards.
Read moreHow to Handle Your Finances as a Young Widow or Widower
People who suddenly lose a spouse while young can feel unprepared for what their future looks like.
Read moreDelta Flight Loses Emergency Slide After Takeoff From J.F.K.
The plane had taken off from Kennedy International Airport when crew members noticed problems near its right wing, Delta said. What became of the slide is unknown.
Read moreWhat Would Jesus Do? Tackle the Housing Crisis, Say Some Congregations.
The “Yes in God’s Backyard” movement to build affordable housing on faith organizations’ properties is gaining steam in California and elsewhere.
Read moreParamount Chief Executive Bob Bakish Could Be Out Next Week
He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.
Read moreSpotify’s Daniel Ek Wants to Democratize Full-Body Scans
The Spotify chief has co-founded a new start-up, Neko Health, that aims to make head-to-toe health scans part of the annual health checkup routine.
Read moreHow Business Leaders Could Address Antisemitism on Campus
Business executives who are concerned about antisemitism on college campuses have other options for influencing the schools’ actions, Andrew Ross Sorkin writes.
Read moreChina’s drive for tech progress stifled by ‘title-driven’ research approach
China is demanding more and better research to unearth the technology of tomorrow – but a research culture based around titles and participation in certain programmes is limiting the potential of its scientists.
Read moreCarnegie Museum Exhibit Explores Pittsburgh’s Legacy of Steel
At the Carnegie Museum of Art, an installation by the artist Marie Watt celebrates the region’s industrial history with I-beams and glass.
Read moreFederal Officials Find No Live Bird Flu Virus in Initial Milk Tests
The early results suggest that pasteurization is killing the H5N1 virus in milk, something that regulators were not certain of.
Read moreRegulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.
Read moreFor Fox News and Conservative Media, Student Protests Are a Familiar Target
On Fox and in other conservative outlets, the protests have given new lease to a long-running argument that students at elite universities are intolerant of conservative views.
Read moreBiden Delays Ban on Menthol Cigarettes
The proposal had been years in the making, in an effort to curb death rates of Black smokers targeted by Big Tobacco. In an election year, the president’s worries about support among Black voters may have influenced the postponement.
Read moreChina’s international flights set to take off, buoyed by May Day holiday, but US travel suffering delays
Air China will start to add international flights from Sunday, while bookings ahead of May Day holiday have surged, but flights to US are having a sluggish recovery.
Read moreThe new class war: A wealth gap between millennials
The surge in wealth among millennial heirs is creating new markets for wealth-management firms, luxury companies, travel firms and real estate brokers.
Read moreStubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.
Read moreU.S. Investigating Tesla Recall of Autopilot
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.
Read moreAmerican Airlines cuts some international flights into 2025, citing Boeing delivery delays
American is the latest carrier to tweak its growth plan, citing late-arriving planes from Boeing.
Read moreA CVS Health pharmacy in Vegas becomes first to join new national pharmacy union
Dozens of pharmacy staff at the Las Vegas branch of CVS's Omnicare will now join the Pharmacy Guild, which will represent them in labor negotiations with CVS.
Read moreHow High Wall Street Thinks the Fed Will Keep Interest Rates
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.
Read moreExxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.
Read moreStarbucks, Workers United made 'significant progress' in this week's contract talks
Starbucks and the union plan to meet again in late May to keep working on the framework that will inform every single-store contract.
Read moreFDA approves Pfizer’s first gene therapy for rare inherited bleeding disorder
The agency greenlighted the drug, which will be marketed as Beqvez, for adults with moderate to severe hemophilia B.
Read moreLouisiana Will No Longer Require Students to Fill Out FAFSA to Graduate
Experts say high school seniors are more likely to go to college if they complete the financial aid form, but the state sees privacy issues with mandating it.
Read moreLike the US and EU, China uses subsidies. It just does it more effectively
China’s subsidies have been more effective than in most parts of the world because they are an intrinsic part of a distinct economic model. Rather than targeting China, the US and Europe should examine the effectiveness of their own economic strategies.
Read moreChina’s exporters shun the yuan, embrace alternatives as depreciation fears build
China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
Read moreChina eyes food security boost from gene-cloned Asian soybean rust ‘breakthrough’, could save US$2 billion per year
Team led by a group of Chinese researchers cloned a specific gene that is resistant to Asian soybean rust amid Beijing’s focus on food security and tech self-reliance.
Read moreChina strikes oil with new high-yield rapeseed, making strides in food security
A new type of rapeseed engineered in China can improve upon yields by 50 per cent, increasing the domestic harvest of edible oil and lessening the country’s reliance on imports.
Read moreWhy green steam is a hot issue for business
Steam is still needed in many industries, but much of it is still made with fossil fuels.
Read moreChina’s beefed up statistics and accounting laws under review, robust fines to increase cost of fraud
China is reviewing amendments to laws governing statistics and accounting, with Beijing eager to clamp down on inflated or manipulated economic statistics and uphold rules in the world’s second-largest financial market.
Read moreWhy China’s reform of state-owned enterprises matters more than ever
China’s campaign to improve the financial performance of listed SOEs comes as Japan’s stock market is benefiting from corporate governance reforms. However, China is not Japan. Beijing is battling a structural downturn, and corporate governance reforms alone are not going to turn sentiment around.
Read moreParamount and Skydance inch closer to a merger as key hurdle looms, sources say
Paramount Global and Skydance are getting closer to final terms on a merger agreement, sources told CNBC, but a renewal with Charter remains an obstacle.
Read moreSouthwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines is one of Boeing's biggest customers and flies only 737s.
Read moreOpen seating no more? Southwest CEO says airline is weighing cabin changes
Southwest stands apart from other large airlines because it does not have seat assignments.
Read moreProfessional pickleball signs first international deal, looks to grow the sport in India
Pro pickleball is looking to world's most populous country for its continued growth.
Read moreHonda to build $11 billion electric vehicle hub in Canada
Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.
Read moreComcast beats earnings estimates even as it sheds more broadband subscribers
Comcast beat first-quarter earnings expectations on Thursday.
Read moreAmerican Airlines swings to a loss, but tops estimates for Q2 forecast
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates.
Read moreRed Lobster seeks a buyer as it looks to avoid bankruptcy filing
Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.
Read moreChina preps for clampdown on financial crimes with new version of anti-money-laundering law
China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
Read moreClimate disclosures: China’s ESG rules for listed firms could spur private firms to set net-zero targets, analysts say
‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader
Read moreChina’s food security push catches ‘grain-stealing mouse’ among 5 accused of US$3.45 million corn theft
Police in northern China have detained five people for allegedly colluding to steal about 10,000 tonnes of corn amid Beijing’s increasing focus on food security.
Read moreChinese, US corporate leaders propose to defuse trade tension on supply chain, new-energy vehicles at Apec’s business lobby
The plan would next be submitted to the relevant ministries in each of the 21 member economies of Apec before appearing on the agenda of the Apec Leaders’ summit in Lima in the week of November 10.
Read moreChina’s central bank drops hints at future bond trades, answering calls for muscular monetary action
The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the question.
Read moreUS overtakes mainland China as Taiwan’s main export market, sign of ‘strategic shift’ amid tech decoupling
Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.
Read moreUS sanction threats against Chinese banks over Russia trade ties risk ‘gargantuan’ financial instability
Reports suggest US has discussed sanctions on some Chinese banks over their trade with Russia, but analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade.
Read moreGoldman Sachs says escalating price war in China’s EV market could ensnare BYD, push sector into losses
Further discounts offered by carmakers in a price war in mainland China’s electric vehicle market could ensnare even the likes of top seller BYD, Goldman Sachs says.
Read moreWestern protectionism will fail – China’s success isn’t down to subsidies
Complaints of Chinese overcapacity and dumping may be useful in justifying US, EU subsidies and trade barriers but China’s success is really due to its innovation and scale.
Read moreMeaty economic indicator? China’s distressed pig farmers eye turnaround
Chinese farmers are keeping the fewest pigs for breeding since 2020, raising hopes of sustained profitability after years of losses. But the turnaround may not speak to the broader economy, analysts say.
Read moreChina’s durian output to quadruple in 2024, processing poised to permeate with demand ‘on a rapid rise’
Chinese-produced durian is set to be available to the public in July, with production from the tropical island of Hainan likely to reach 200 tonnes this year, although Thailand and Vietnam are set to remain the largest sources.
Read moreBrace for ‘third wave’ of China bond defaults amid high financing costs, slow growth and tighter state policies, S&P says
China could face a third wave of corporate bond defaults, induced by high financing costs, slow economic growth and tighter government policies, S&P analysts said. Local government financing vehicles may be the weakest link.
Read moreChina is running a full-court press for global arbitration clients. What’s the verdict so far?
As China works to sell itself as a viable destination for international firms to air their disputes through arbitration, more must be done for these efforts to meet with success, analysts and professionals say.
Read moreChina, Europe can look past disputes to cultivate food trade, EU agriculture commissioner says
Though trade ties have taken a hit in other areas, the EU’s agriculture commissioner says a stronger relationship between China and Europe can and should exist in food and farming products.
Read moreChina’s ‘extreme’ national security focus a drag on business, US trade group says
A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.
Read moreCross-border synergy with China can help US more quickly adopt EVs
Despite US fears about an overcapacity in Chinese green teach, China’s market share of solar modules and electric vehicles is smaller than that of other competitors. “Cooperative competition” between manufacturers can help both countries synergize their green industry transitions.
Read moreHow robots are taking over warehouse work
At Ocado's newest warehouse robotic arms are helping to pack customer orders.
Read moreCanton Fair: overseas buyers pour in, leaving Chinese exporters to ask ‘why so many foreigners?’
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