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China’s industrial sector showed renewed strength in August, but weaker consumer spending and a deepening investment downturn highlighted a growing imbalance in the world’s second-largest economy.
Anthropic CEO Dario Amodei is calling on artificial intelligence companies to slow the pace at which they develop increasingly powerful AI models, warning that the industry may be moving faster than its ability to manage the technology’s risks.
Oracle is set to add another $700 million to its restructuring costs, taking the estimated cost of its fiscal 2026 restructuring plan to about $2.8 billion as the software giant accelerates spending on artificial intelligence infrastructure. The additional costs come as Oracle reshapes its workforce and operations to support a major expansion in AI and cloud computing. The company is
OpenAI is taking its push into corporate finance a step further with the launch of ChatGPT for Financial Services, a specialized version of its AI platform designed to handle many of the research and analytical tasks traditionally performed by junior investment bankers and equity research analysts. The product was developed with financial institutions including Morgan Stanley and Evercore as
The U.S. Department of Justice is investigating whether Nvidia structured its licensing agreement with artificial intelligence chip startup Groq in a way that avoided antitrust scrutiny, according to a report by The New York Times. The inquiry is focused on a deal Nvidia announced last year that gave the chip giant a non-exclusive license to Groq’s chip technology and involved hiring
China’s electric-vehicle makers are increasingly looking beyond cars as competition and weaker domestic demand put pressure on the country's automotive industry. A growing number of manufacturers are now turning their attention to humanoid robots, hoping to create a new source of growth from their existing strengths in artificial intelligence, batteries, software, and mass production.
The Japanese yen extended its recent surge on Tuesday, climbing to a seven-month high against the U.S. dollar as traders increased bets that the Bank of Japan could raise interest rates soon.
The rivalry between General Motors and Ford Motor is moving well beyond the traditional battle for American car buyers. After more than a century of competing in vehicle sales, trucks and motorsports, the Detroit automakers are now going head-to-head in two very different areas: defense and energy. Both companies are looking for new sources of growth as the automotive industry faces tougher
WNBA Commissioner Cathy Engelbert has announced that she will retire at the end of 2026, bringing an end to more than seven years of leadership during one of the most important growth periods in the league’s history.
ChargePoint shares jumped more than 70% on Thursday, giving the electric-vehicle charging company one of its strongest trading days in recent years. CEO Rick Wilmer says the sharp rally could be more than a one-day reaction, describing it as “the beginning of the momentum” as the company moves closer to profitability.
Google is heading into September with renewed attention from investors as its artificial intelligence ambitions begin to provide a much-needed boost after a difficult stretch for the company's stock. Alphabet, Google's parent company, had recently faced growing pressure in the market as investors questioned the enormous cost of its AI investments and whether those spending plans would
Apple has officially handed over its top leadership role to John Ternus, marking the end of Tim Cook’s 15-year run as chief executive. Ternus took charge on September 1, beginning a new chapter for the technology giant at a time when artificial intelligence and product innovation are reshaping the industry.
Japan is facing growing pressure to rethink its economic policies as the weakening yen, rising prices and heavy government spending create a difficult challenge for policymakers. U.S. Treasury Secretary Scott Bessent has urged Japan to move toward higher interest rates and step away from the large-scale stimulus policies that have shaped the country's economy for more than a
Chinese President Xi Jinping and Russian President Vladimir Putin are meeting in Bishkek, Kyrgyzstan, as leaders from across Asia and other partner countries gather for the Shanghai Cooperation Organisation (SCO) summit. The two-day summit, taking place on August 31 and September 1, brings together major regional leaders, including Indian Prime Minister Narendra
Meta Platforms has agreed to pay up to $16.68 billion to settle claims related to alleged harm to young users and the collection of children’s personal data on Facebook and Instagram. The settlement brings a major federal trial in California to an end and represents one of the most significant legal developments yet in the growing scrutiny of social media platforms and their
Italian energy group Eni is preparing a major new drilling programme in Egypt involving 230 wells, as the company expands its oil and gas operations and Cairo seeks to reinforce its position as an Eastern Mediterranean energy hub. The programme includes 30 exploration wells and 200 development wells, with activity expected to focus heavily on the Mediterranean and Western Desert.
Shares of Chinese electric vehicle maker Xpeng fell sharply in Hong Kong on Tuesday after its third-quarter vehicle delivery forecast came in below market expectations, overshadowing a major funding round that valued its robotics business at more than $6.3 billion. Xpeng shares were down more than 8% in early Hong Kong trading after the Guangzhou-based company forecast
Union Commerce and Industry Minister Piyush Goyal is leading a delegation of more than 200 Indian business representatives to Japan as the two countries look to expand investment, industrial cooperation and partnerships in emerging technologies. The four-day visit, running from August 24 to 27, will take Goyal and the delegation to Tokyo, Nagoya and Osaka, bringing together
Oman’s aviation sector is set for a major leadership transition after Oman Air and SalamAir announced new chief executives as both carriers pursue expansion and operational reforms. Oman Air has appointed Nasser Al Sharji as CEO, effective September 1, 2026. He will succeed Con Korfiatis, who will remain with the national carrier as an advisor to support the
Taiwan’s economy is heading for exceptional growth in 2026 as surging global demand for artificial intelligence hardware fuels exports, semiconductor production and investment. However, economists warn that the current pace may be difficult to maintain. Taiwan’s statistics agency recently raised its 2026 GDP growth forecast to 11.05%, up from 9.64% projected in May. If
Automotive group Stellantis is recalling around 955,000 vehicles worldwide after identifying a software problem that can prevent the rearview camera image from appearing when drivers shift into reverse. The issue is linked to the vehicle’s radio and infotainment software rather than the camera hardware itself. Around 848,000 vehicles in the United States are affected,
Chinese robotics company Unitree Robotics made a blockbuster debut on Shanghai’s STAR Market on Wednesday, with its shares surging nearly sixfold as investors rushed to gain exposure to China’s rapidly expanding humanoid robotics industry. The Hangzhou-based company priced its initial public offering at 150.80 yuan per share. Its stock opened at 1,100 yuan before
Billionaire technology investor Peter Thiel has taken a significant position in Argentina’s fast-growing energy sector after his investment firm acquired roughly 1% of oil producer Vista Energy. Thiel Macro LLC purchased around 1.2 million American Depositary Shares of Vista, valued at approximately $76 million, according to regulatory disclosures filed with the US
Chinese technology is becoming increasingly difficult for global companies to sidestep as businesses turn to China for capabilities in artificial intelligence, electric vehicle batteries, automotive software and advanced manufacturing. The trend marks a change in China’s role in the global economy. For years, multinational companies primarily viewed the country as a manufacturing base
Japan’s wholesale inflation eased slightly in July, with producer prices rising 7.2% year on year, according to official data released Thursday. The figure came in below economists’ expectations of 7.4% and was also marginally lower than the revised 7.3% increase recorded in June. The latest data suggests that price pressures at the producer level remain elevated, even as the pace
Oil prices and US Treasury yields moved higher as escalating compensation demands between the United States and Iran reduced expectations of an imminent agreement over the Strait of Hormuz. The diplomatic standoff intensified after US President Donald Trump called for Iran to compensate Americans and others he says were harmed by Tehran-linked actions. Iran, meanwhile, has tied progress on
Sony Group and Taiwan Semiconductor Manufacturing Co. are preparing a major investment of about ¥1 trillion, or $6.3 billion, to develop and manufacture next-generation image sensors in Japan, according to a Nikkei report cited by Reuters. The proposed venture would reportedly be 60% owned by Sony and 40% by TSMC, with commercial production potentially beginning as early as 2029.
An overseas Filipino worker who has already paid about ₱608,000 toward a preselling condominium in Metro Manila is facing a difficult decision as the capital’s property market contends with record unsold inventory, developer discounts and weaker pricing conditions. The buyer, identified as Peter, has been paying roughly ₱38,000 a month for 16 months toward a 32-square-metre condominium
Rockstar Energy founder Russ Savage has built a sizeable stake in Celsius Holdings and is publicly positioning himself to lead the energy drink company following a difficult quarterly earnings report and a sharp decline in its share price. Savage now controls more than 12 million Celsius shares, representing roughly 4.7% of the company. The holding is valued at close to $300 million based on
American Airlines is changing one of the most valuable benefits available to its elite frequent flyers, limiting complimentary Business Class upgrades on several of its longest domestic routes. Starting August 25, 2026, eligible AAdvantage status members travelling in the Main Cabin on selected transcontinental and Hawaii services will no longer automatically join the complimentary
JPMorgan Chase Chief Executive Jamie Dimon has warned that high levels of borrowing across global financial markets could increase the risk of sudden volatility. Speaking in an interview with CNBC, Dimon said margin debt had reached record levels, while additional borrowing remained hidden under different financial structures. He pointed to leverage linked to hedge funds, prime brokerages,
Tuwaiq Academy has launched an AI Innovation Center in partnership with NVIDIA, aiming to strengthen Saudi Arabia’s artificial intelligence capabilities and develop national talent in emerging technologies. The academy described the new facility as the first center of its kind in the Middle East and the second worldwide. The center was inaugurated at Tuwaiq Academy’s
Exxon Mobil and Chevron reported a combined $26.5 billion in second-quarter net profit, benefiting from strong refining margins and elevated fuel prices as geopolitical tensions in the Middle East continued to reshape global energy markets. Exxon posted $14.5 billion in quarterly earnings, roughly double the level recorded a year earlier and its strongest quarterly
Emirates NBD has signed a definitive agreement to acquire the retail banking business of HSBC Bank Egypt, marking a significant step in the UAE lender's regional expansion strategy and strengthening its presence in one of its key international markets. The transaction, announced on Sunday, will be carried out through Emirates NBD Egypt, the group's wholly owned subsidiary. Completion