China’s tech advances are causing chaos from Silicon Valley to the White House
New AI models, advanced robots and specialty computer chips are unsettling markets and the US tech industry
Economy
From Ozempic to eye creams: demand for bathroom mini fridges is heating up
Used to store everything from beauty products to GLP-1 medication, the growing demand reflects a wider trend in how the wellness industry and weight-loss drugs are reshaping homes.
BYD’s sales rise for third month, buoyed by exports
[BEIJING] Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market.
‘Worst we’ve known’: UK turns to imports as drought and heat hit vegetable crops
Pubs, restaurants and supermarkets are having to buy lettuce and broccoli from Spain at what should be the height of UK growing season, as drought and extreme heat hit crops.
Stick to spending limits, PM and chancellor tell ministers in joint memo
Chancellor John Healey and Prime Minister Andy Burnham have written a joint letter to cabinet ministers telling them that they must stick within their existing spending limits while funding new pledges.
Should you invest in the stock market now? UBS weighs in
U.S. stocks are rebounding from last week’s selloff, but investors continue to face uncertainty from geopolitical tensions, inflation concerns and elevated expectations for artificial intelligence-related companies. Ris…
After FIVE 50%+ wins in July, a new list of AI picks for August IS LIVE NOW
We have come a long way with more than 85% of the Fortune 500 using Microsoft AI solutions to shape their future. With 66% of CEOs reporting measurable business benefits from generative AI initiatives, particularly in e…
Gianni Infantino ‘has lost Uefa’s confidence’ after Fifa chief scraps World Cup sell-off plan
Uefa has warned Gianni Infantino that his style of leadership cannot continue in demanding a thorough and fundamental review of Fifa’s governance.
Turn failing water firms into not-for-profit cooperatives, MPs and mayors tell PM
MPs and mayors close to Andy Burnham have told the prime minister there is a “third way” to gain more control of failing companies, as the row over whether or not to nationalise Thames Water rumbles on.
‘Proteinmaxxing’ could lead to higher prices for infant formula, say experts
The rise of “proteinmaxxing” – a trend in which consumers try to eat as much protein as possible – could lead to higher prices for infant formula, experts warn.
The tangled financial web at the heart of Reform UK
Nigel Farage’s £5m gift, the Cottrell family’s links and donations, and Richard Tice’s business dealings form part of an increasingly clear nexus of relationships
ECB official warns climate crisis poses growing threat to ‘core financial stability’
A senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy.
Russia pounds Kyiv with missiles, killing at least three
KRYVIY RIH, Ukraine -- A Russian ballistic missile strike hit a home in the village of Radushne in Ukraine's southeastern Dnipropetrovsk region, killing almost an entire family, as Ukrainian officials reported at least …
Japan’s stock market is facing these 3 hurdles in August
South Korea’s economic growth will almost certainly slow over the coming decades—but writing off the country’s potential would be a mistake.
Snapchat joins other popular platforms in fight against 'AI slop'
Snapchat has joined the likes of YouTube, LinkedIn and Substack in a growing effort to combat fake writing, images and videos that are entirely created by artificial intelligence (AI) tools.
Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yen
During a cabinet meeting at Camp David on Friday, the US treasury secretary Scott Bessent carelessly revealed plans for the US to buy $5bn-$10bn in Japanese yen in a scribbled “to do” list left visible to a Reuters pho…
United States Dollar Index struggles near 100 after suspected Japanese intervention
The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressu…
FTC approves IonQ acquisition of SkyWater semiconductor foundry
IonQ has received final regulatory approval to buy SkyWater Technology, with the $1.8 billion deal expected to close on July 31. You should read it as an industrial commitment, not another quantum promise.
Fed's Barkin: It's a close call whether interest rates are high enough
Richmond Federal Reserve (Fed) President Tom Barkin said on Friday that it remains uncertain whether the current level of interest rates is sufficiently restrictive to bring inflation back to the Fed's 2% target, accord…
Alphabet rolls back AI image generation in Google Earth over policy violations
But today, the company undermined its own credibility with a dangerous new AI feature — and then quickly pulled it down after people started using it to generate blatant misinformation.
Forecasting the upcoming week: US labor market takes center stage after hawkish Fed split
The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data. …
Apple set to lose nearly $500 billion in value after weak forecast
HOUSTON >> Chevron surpassed analyst estimates for second-quarter earnings today, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting pr…
Why is Perimeter Solutions stock plunging today?
Shares of medical technology company Stryker (NYSE:SYK) fell 7.3% in the morning session after the company reported second-quarter results that showed revenue that only met Wall Street's expectations and organic sales g…
NZD/USD Price Forecast: Bulls eye 0.6000 after SMA break
The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) su…