Tesla denies sale of China business amid SpaceX merger buzz
Employees work at the Tesla Gigafactory in Shanghai during a government-organized media trip on April 14. © Reuters
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Newest first · UTC+11:00AFP tracking reported Chinese warship, unmanned vessel in PH EEZ
MANILA, Philippines — The Armed Forces of the Philippines (AFP) said Friday it is tracking reports of a Chinese People’s Liberation Army Navy (PLAN) vessel and an unmanned surface vessel allegedly operating within the country’s exclusive economic zone (EEZ), following a Reuters report on an encounter involving a com…
· Gabryelle Dumalag
Mining billionaire, former ABC Learning executive and Eddy Groves’ wife behind new childcare merger
The childcare company owned by the wife of disgraced ABC Learning founder Eddy Groves and the convicted former chief financial officer of the collapsed chain are working with a coal mining magnate to rapidly expand their multimillion-dollar childcare chain.
· Carla Jaeger
China’s Xiaomi takes aim at Tesla, staking 23% lower price on premium SUV
Aggressive comparative pricing for SkyNomad series linked to Xiaomi’s 550,000-unit sales target this year, Deutsche Bank says
· Daniel Ren
China’s Xiaomi takes aim at Tesla, staking 23% lower price on premium SUV
Aggressive comparative pricing for SkyNomad series linked to Xiaomi’s 550,000-unit sales target this year, Deutsche Bank says
· Daniel Ren
Anthropic’s AI hacked 3 firms during tests, showing growing security risks
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· Herbie G
Microsoft's best day since 2008 leads US stocks, while inflation worries remain in the bond market
NEW YORK — A monster day for Microsoft's stock following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses. In the bond market, though, worries remained about inflation potentially r…
· Associated Press
UAE petrol prices to rise in August amid wild oil market swings | The National
Live updates: Follow the latest news on US-Iran war
· The National
AI reckoning makes South Korean economy run for cover
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· William Pesek
SK hynix hits daily limit as chip stocks extend dramatic rebound
SK hynix shares hit their daily upper limit Friday, as South Korean chipmakers extended a sharp rebound following a recent market rout.
· Jo He-rim
Sony raises full-year forecast as quarterly profit jumps 32%
Sony profits were boosted by the weak yen and U.S. tariff refunds. (Photo by Mayumi Tsumita)
· Staff Writer
Rewarding companies to do nothing is undermining Australia’s climate cuts
July 31, 2026 — 3:30pm
· Caitlin Fitzsimmons
China’s manufacturing sector falters in July as growth momentum cools
Beijing faces renewed pressure to ramp up support as PMI falls to 49.2, a day after leadership signalled it would accelerate fiscal spending
· Alice Li
China’s manufacturing sector falters in July as growth momentum cools
Beijing faces renewed pressure to ramp up support as PMI falls to 49.2, a day after leadership signalled it would accelerate fiscal spending
· Alice Li
Korea's industrial output posts biggest gain in 6 years on autos, chips
Production, consumption and investment rise together for first time in three months
· Choi Ji-won
HSBC to pull out of Australian retail banking market
London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking services
· Jonathan Barrett
Copper may hit new high as AI demand collides with deadly storms, strategists say
Deadly storms that have disrupted copper mines in Chile could amplify market strains, strategists say, as the U.S. and China battle for supply of the critical industrial metal, in turn pushing prices higher.
· Hugh Leask
AFC 'stands in solidarity' with Uefa and Concacaf over Fifa World Cup plans | The National
The Asian Football Federation (AFC) has become the latest governing body to come out in opposition against Fifa's controversial private investment scheme.
· The National
‘Trade friction’: Beijing is turning up the heat on Australian iron ore
Billionaire Andrew Forrest’s Fortescue Metals Group has become the latest major mining company targeted by China’s push to force down iron ore prices, putting future revenue from Australia’s most valuable export commodity under pressure.
· Nick Toscano
US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict
CAIRO — The United States and Iran each fired barrages of missiles Thursday, as the pattern of back-and-forth strikes took hold again and hope dimmed for a quick end to the five-month conflict.
· Associated Press
Korea, Morocco highlight growing partnership on Throne Day
South Korea and Morocco underscored their commitment to deeper economic and strategic cooperation Thursday, with trade negotiations, railway infrastructure and investment emerging as key pillars of their growing partnership.
· Sanjay Kumar
Hyundai Engineering pivots toward energy, AI infrastructure
Hyundai Engineering has unveiled a new corporate vision aimed at expanding beyond its traditional engineering, procurement and construction business into future energy and advanced industrial facilities.
· Lee Han-gyoul
Kyle Sandilands quits Australian Idol as activists target advertisers
Kyle Sandilands has quit Australian Idol, telling the Seven Network on Friday morning that he wanted to insulate the show from an oncoming campaign by activist group the Mad F---ing Witches, this masthead can reveal.
· Calum Jaspan
China expresses 'serious concern' over latest US trade restrictions
BEIJING, China — China's top trade official told his counterparts from the United States on Thursday Beijing had "serious concern" over Washington's latest trade restrictions, according to state media.
· Agence France-Presse
Lee set to meet Milei on Korea-Mercosur trade pact, lithium ties
For over a decade, I’ve navigated the complexities of North Korean affairs, security, and foreign policy from both Seoul and Washington, D.C. As the National Desk Political Team Lead, I track the pulse of geopolitics, closely following developments from the Unification Ministry and the Foreign Ministry. My mornings …
· Ji Da-gyum
Fifa says 'nobody selling football' as it presses ahead with investment plan
Fifa, which oversees world football, has responded to outrage over a plan to sell stakes in its competitions to private investors by saying it plans to continue the consultation process.
· Bbcsport
Tax revenue up W5.5tr in June on higher incomes, property market
South Korea's tax revenue rose by 5.5 trillion won ($3.85 billion) in June from a year earlier on higher incomes and an increase in the number of homes traded, data showed Friday.
· Yonhap
Major oil companies likely booked large profits due to US-Iran conflict
A display shows $110.04 for gasoline on a fuel pump at a Mobil gas station on Wednesday, April 29, 2026, in Portland, Ore. (AP Photo/Jenny Kane, File)
· Cathy Bussewitz
BSP sees July inflation easing to 5.6%-6.6%
MANILA, Philippines — Inflation likely eased further in July, with the Bangko Sentral ng Pilipinas (BSP) projecting consumer price growth to settle within a range of 5.6 percent to 6.6 percent, lower than the 6.9 percent recorded in June.
· Nazylen Joy Mabanglo
Chinese manufacturing slows in July in first contraction in 5 months
A worker prepares aluminum panels for coating at a factory of Kam Pin Industrial (HK) Ltd, in Dongguan city in southern China’s Guangdong province on Thursday, April 17, 2025. (AP Photo/Ng Han Guan,File)
· Chan Ho Him
ASEAN still implementing parts of US trade deals, business chief says
Cambodian Prime Minister Hun Manet (left) and U.S. President Donald Trump attend the ASEAN summit in Kuala Lumpur in October 2025. Cambodia has implemented some measures linked to its trade agreement with Washington, according to a U.S. business group. © Reuters
· Staff Writer
South Korea's 'bipolar' stock market: meltdowns, a record rally and what's to come
South Korea's stock market staged its sharpest reversal on record on Friday, capping a month of wild swings that underscored how tightly the country's equity market has become tied to the global artificial intelligence trade.
· Lee Ying Shan
BOJ holds rates at 1%, warns of underlying inflation exceeding 2% target
The Bank of Japan kept its policy rate steady on Friday, as it warned that underlying inflation in the country could exceed its 2% target.
· Lim Hui Jie
2PointZero Group reports Dh7.7bn first-half net profit and enters US energy market | The National
Abu Dhabi investment powerhouse 2PointZero Group reported first-half net profit of Dh7.7 billion ($2.1 billion) as it increased its global expansion through investments in North America, Africa and Europe.
· Salim A. Essaid
BOJ revises inflation forecast down while keeping rates unchanged
As crude oil prices rise again, the Bank of Japan is facing a difficult decision on how to respond to inflation. (Photo by Rie Ishi)
· JADA NAGUMO
Fresh data backs Amplia push against pancreatic, ovarian cancer
Amplia Therapeutics has received encouraging lab results which highlighted the use of its lead drug narmafotinib, saying it can attack several of the nastier features that make the cancer so hard to treat.
· Doug Bright
Elite company: the listed firms that were China’s most valuable before CXMT
Chipmaker’s ascent to highest market capitalisation ends two decades on top for energy conglomerates, lenders and consumer brands
· Judy Xue
Elite company: the listed firms that were China’s most valuable before CXMT
Chipmaker’s ascent to highest market capitalisation ends two decades on top for energy conglomerates, lenders and consumer brands
· Judy Xue
Daily FX turnover hits fresh high in Q2: BOK
SEOUL, July 31 (Yonhap) -- Daily foreign exchange (FX) trading by banks in South Korea hit an all-time high in the second quarter, driven by foreigners' investment in the local equity market, central bank data showed Friday.
· Kim Boram
N. Korean economy grows over 3 pct for 3rd consecutive year in 2025: BOK
SEOUL, July 31 (Yonhap) -- The North Korean economy grew more than 3 percent for the third consecutive year in 2025, supported by expanded economic cooperation with Russia, South Korea's central bank said Friday.
· Kim Boram
CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants
CXMT's blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor enthusiasm, will determine whether it can challenge the global market leaders.
· Jenny Lee, Arjun Kharpal
Ruling party vows efforts to stabilize stock market amid volatility concerns
SEOUL, July 31 (Yonhap) -- The ruling Democratic Party (DP) vowed Friday to work closely with the government to reduce uncertainty in the domestic stock market and review measures to protect investors amid heightened volatility.
· Yi Wonju
S. Korea, Japan maintaining close coordination: senior financial official
SEOUL, July 31 (Yonhap) -- South Korean and Japanese financial authorities are maintaining close coordination, a senior South Korean official said Friday, amid sharp overnight gains in the Korean won and the Japanese yen against the U.S. dollar.
· Kang Yoon-seung
U.S. and China discuss trade and rare earths in call ahead of Xi visit
U.S. Treasury Secretary Scott Bessent said he held a call Thursday with Chinese Vice Premier He Lifeng to lay the groundwork for President Xi Jinping’s U.S. visit, a discussion that also touched on numerous flashpoints between the two countries.
· Daniel Flatley
Chinese dad sues online gaming companies for US$1.5 to force strict anti-addiction rules
Case attracts widespread attention, rallying support for Qin in his quest to urge these companies to strengthen regulations that protect minors
· Alice Yan
Chinese dad sues online gaming companies for US$1.5 to force strict anti-addiction rules
Case attracts widespread attention, rallying support for Qin in his quest to urge these companies to strengthen regulations that protect minors
· Alice Yan
Funds' net asset value jumps 26 pct in H1
SEOUL, July 31 (Yonhap) -- The value of South Korea's investment funds jumped 26 percent in the first half of this year from six months earlier, thanks to an increase in funds traded on stock exchanges, data showed Friday.
· Deok-Hyun Kim
Could AI take your job? Some workers in China already know the answer
Across the country, workers are fearful about the impact of AI on their livelihoods in an increasingly fragile labour market
· Yu Chen Li, Amy Hawkins
Pakistan telecom sector faces test after Telenor-Ufone merger
Consolidation in Pakistan's telecom sector will not necessarily lead to higher rates, industry insiders say. (Source photos by Reuters and Ufone's Facebook page)
· Adnan Aamir
Tigers trade Rogers to Baltimore as Orioles try to solve catcher woes
Detroit Tigers’ Justin Verland jokes with catcher Jake Rogers, left, after a win over the Athletics in a baseball game Wednesday, July 8, 2026, in Detroit. (AP Photo/Duane Burleson)