Tag: economy and trade
about 2 months ago
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UK removes final hurdle to Microsoft’s blockbuster Activision Blizzard deal

UK antitrust officials have approved Microsoft’s planned takeover of Activision Blizzard, the maker of “Call of Duty”...

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about 2 months ago
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Samsung flags 78% profit drop as chip demand remains weak

Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower th...

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2 months ago
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On GOP debate stage, a sometimes oversimplified view of China’s economy

Florida Gov. Ron DeSantis called for “decoupling” the US economy from China. Vivek Ramaswamy said: “We need to declar...

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2 months ago
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China and Europe try to dial down trade tension

China and the European Union have agreed to exchange information on export controls as part of efforts to dial down t...

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3 months ago
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Another top Silicon Valley investor is splitting off its China business as pressure mounts

GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US a...

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3 months ago
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US says it has no evidence that Huawei can make advanced smartphones ‘at scale’

Commerce Secretary Gina Raimondo says the US government has no evidence that Huawei can produce smartphones with adva...

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3 months ago
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Starbucks bets on China with $220 million roasting and distribution center

Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer...

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3 months ago
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Lionel Messi free kick leads Argentina to victory over Ecuador in opening World Cup qualifier

Argentina got its 2026 World Cup qualifying campaign off to a winning start thanks to yet another sublime Lionel Mess...

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3 months ago
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Spanish women’s league players go on strike for first two games of season over pay dispute

Players competing in the top-tier of women’s football in Spain will go on strike for the opening two weeks of the new...

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3 months ago
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Moutai coffee, anyone? Luckin is adding the fiery liquor to its lattes

Luckin Coffee has joined forces with Kweichow Moutai, the maker of China’s fiery national liquor baijiu, for an unusu...

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3 months ago
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South Korea needs more babies and workers. It’s hoping foreign housekeepers will fix that

As South Korea struggles to get young people interested in marriage and kids, authorities are trying a new tack: impo...

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3 months ago
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Warm words but little ‘real action’ as US commerce secretary ends China visit

US Commerce Secretary Gina Raimondo urged American businesses to keep investing in China on Wednesday, even after say...

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3 months ago
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Chevron’s LNG plants in Australia face strike action

Hundreds of workers are slated to strike at two major liquefied natural gas (LNG) facilities in Australia belonging t...

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4 months ago
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IMF chief says Africa must do these three things to increase trade

Africa’s growth has been sluggish in recent years, but IMF managing director Kristalina Georgieva believes new opport...

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4 months ago
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VinFast shares soar again as buzz over Vietnamese EV maker grows

Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, e...

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4 months ago
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India gripped as teen chess prodigy prepares to take on Magnus Carlsen for world title

Millions in India will be cheering on the teen chess prodigy known as Pragg as he takes on Norwegian grandmaster Magn...

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4 months ago
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H&M will ‘phase out’ operations in Myanmar after more worker abuse allegations

H&M has decided to stop operating in Myanmar following an increase in allegations of labor abuses at garment factorie...

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4 months ago
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Intel calls off $5.4 billion chip deal after failing to get regulatory approval

Intel has pulled out of a major acquisition of an Israeli chipmaker after failing to obtain the required regulatory a...

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4 months ago
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Yellow files for bankruptcy after shutting down

Yellow Corp., a US trucking company that was once dominant in its field, has filed for bankruptcy as it winds down th...

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4 months ago
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HSBC raises outlook as profits nearly double

HSBC’s profits have soared as it continues to cut costs and cash in on high interest rates around the world.

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5 months ago
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Indian tech giant Wipro will invest $1 billion in AI, including training all staff

Wipro, one of India’s top providers of software services, wants everyone on staff to know how to use artificial intel...

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5 months ago
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‘Too much’: Burger King’s new offering in Thailand has no meat and 20 slices of cheese

Burger King is causing a stir in Thailand with its new offering: a burger with no meat and a jaw-dropping amount of c...

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5 months ago
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Foxconn pulls out of $19 billion chipmaking project in India

Foxconn says it is exiting an ambitious project to help build one of India’s first chip factories.

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5 months ago
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North Korea calls on international community to stop Japan’s release of treated Fukushima wastewater

North Korea has called upon the international community to stop Japan from releasing treated wastewater from the Fuku...

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5 months ago
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‘Serious concerns’: Top companies raise alarm over Europe’s proposed AI law

Dozens of Europe’s top business leaders have pushed back on the European Union’s proposed legislation on artificial i...

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6 months ago
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Lordstown Motors files for bankruptcy and sues former partner Foxconn

Lordstown Motors, the EV maker, filed for bankruptcy protection Tuesday and announced a lawsuit against Foxconn, accu...

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6 months ago
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Body language, knowledge of the game and luck: the art of chess photography

Two people hunched over a black and white checkered board, deliberating what moves they will make, how their opponent...

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6 months ago
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Harry and Meghan’s Archewell Audio and Spotify have ‘mutually agreed’ to part ways

Archewell Audio, the company of Prince Harry and Meghan, Duchess of Sussex, has announced the end of a multi-year par...

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6 months ago
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LIV Golf and PGA Tour merger: here’s everything you need to know

It came out of nowhere. Tuesday’s announcement that golf’s bitter rivals would join forces took everyone by surprise ...

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6 months ago
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Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever

Subway, the world’s biggest sandwich chain, announced Tuesday that it would open almost 4,000 new stores across the c...

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7 months ago
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Shein is about to return to India in a big way

Shein is plotting a major comeback in India, nearly three years after it was booted out of the country.

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7 months ago
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‘Sounding the alarm’: World on track to breach 1.5 degrees of warming in the next five years

The world is now more likely than not to see temperatures breach 1.5 degrees Celsius of warming above pre-industrial ...

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7 months ago
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European Union upgrades outlook for economy as energy prices retreat

Questions swirl about the strength of China's recovery from Covid lockdowns, and there's talk of recession in the Uni...

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7 months ago
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Australia’s trade minister visits China to lobby for ‘full’ restoration of trade

Australia's trade chief has arrived in China to lobby for the removal of curbs from its top trading partner, three ye...

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7 months ago
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South Africa loaded arms onto sanctioned Russian vessel, US ambassador tells local media

The US ambassador to South Africa on Thursday accused the South African government of delivering arms and ammunition ...

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7 months ago
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‘Sexist’ ball girl outfits, silencing the women’s finalists and small birthday cakes: Madrid Open...

One of the most prestigious tennis tournaments outside of the four grand slams, the Madrid Open attracts the biggest ...

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7 months ago
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This golden statue was ridiculed when a local government erected it. Then gold prices skyrocketed

A rural South Korean county was mocked for spending more than $2 million to build a statue of bats made out of real g...

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7 months ago
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Denmark has a debt ceiling, too. It’s never been a problem

The United States isn't the only country that puts a limit on how much money its government is allowed to borrow. But...

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7 months ago
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From Diego Maradona and financial bankruptcy to title winners: Napoli’s ‘special’ Serie A victory

On April 29, 1990, 'Nothing Compares 2 U' by Sinead O'Connor topped the charts in the US, the Detroit Pistons had jus...

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