From BYD to Xpeng, memory chip crunch squeezes China's automakers
A cutaway model of a Xpeng's new flagship SUV GX. Chinese automakers are grappling with shortages and surging costs of memory chips. © Reuters
· Staff Writer
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Newest first · UTC+11:00European stocks set to rise as investors weigh Iran war's economic impact
Shares listed in Europe look set to move higher at the open on Friday, with the U.S.-Iran war and economic data in focus.
· Chloe Taylor
Novaluxia holds major leadership and community summit at Okada Manila
NOVALUXIA Innovation Corp. recently gathered hundreds of business leaders, Key Opinion Consumers (KOCs), strategic partners, and community members for its flagship event, the 2026 KOC Grand Assembly & Nova Chief Co-Creation Officer Signing Ceremony, held at the Grand Ballroom of Okada Manila on May 9, 2026.
· The Manila Times
China’s commerce chief Wang Wentao expected in Brussels on June 29 and 30: sources
As trade differences continue to bite between Beijing and the European Union, could a face-to-face meeting help to ease tensions?
· Finbarr Bermingham
China’s commerce chief Wang Wentao expected in Brussels on June 29 and 30: sources
As trade differences continue to bite between Beijing and the European Union, could a face-to-face meeting help to ease tensions?
· Finbarr Bermingham
Stephen Colbert hosts Late Show finale after controversial cancellation
The top-rated host signs off from CBS with a defiant farewell following a politically charged corporate axing
· Agence France-Presse
Stephen Colbert hosts Late Show finale after controversial cancellation
The top-rated host signs off from CBS with a defiant farewell following a politically charged corporate axing
· Agence France-Presse
AIIB offers up to US$10 billion to support members hit by Iran war fallout
The new facility will help nations deal with urgent energy, food and economic resilience needs, according to the bank
· Xiaofei Xu
AIIB offers up to US$10 billion to support members hit by Iran war fallout
The new facility will help nations deal with urgent energy, food and economic resilience needs, according to the bank
· Xiaofei Xu
‘Like trying to become a gyros chain in Athens’: what went wrong for GyG in America
It shouldn’t be a surprise that selling burritos back to the Yanks proved to be so financially unpalatable for Guzman y Gomez and its investors. The real shock is that so many people bought into the vision when the chain listed on the ASX two years ago.
· Colin Kruger
Chinese vape makers monopolize German market but face regulatory wrath
Some vape manufacturers target women with colorful vapes, some of which are made to look like lipsticks. (Photo by Jens Kastner)
· JENS KASTNER
Indonesia launches major trade takeover for key commodities
Tug boats pull barges fully loaded with coal on the Mahakam river in Samarinda, East Kalimantan, Indonesia, on Dec. 19, 2022. (AP Photo/Dita Alangkara, File)
· Edna Tarigan
Gatchalian calls for calm, responsible discourse as political noise threatens economy
SENATOR Win Gatchalian appealed for political sobriety and responsible public discourse to safeguard the economy and restore investor confidence amid escalating political rhetoric.
· The Manila Times
Flagship bags A$2.75M for multi-million-ounce Chilean gold project
Flagship Minerals has secured firm commitments for A$2.75 million in a strategic placement to fast-track its newly upgraded flagship Isidora gold project in Chile. The key capital raise will directly fund upcoming technical workstreams and engineering feasibility studies.
· Murray Ward
A health bill is coming, and it's entirely predictable
Products & ServicesOpen Products & Services section
China’s SMIC clears final hurdle for US$6 billion takeover of SMNC
SMNC is to become a wholly owned subsidiary of SMIC, boosting the semiconductor manufacturer’s prowess and market position
· Howard Liu
China’s SMIC clears final hurdle for US$6 billion takeover of SMNC
SMNC is to become a wholly owned subsidiary of SMIC, boosting the semiconductor manufacturer’s prowess and market position
· Howard Liu
ASEAN manufacturers shed jobs as Iran war impact deepens
Workers assemble furniture parts for export to the U.S. at Corporate Specialist's plant in Muar, Malaysia: Executives say more than 100 local companies have closed recently. © AP
· Staff Writer
Lenovo shares jump 15% on record earnings as AI revenue nearly doubles
Shares of Lenovo surged over 15% on Friday, after the personal computer and electronics giant posted strong revenue growth powered by its growing artificial intelligence business.
· Dylan Butts
Crypto bros, scalpers and Logan Paul: Inside the world of Pokémon where cards are sold for millions
When I was a kid in the late 90s, collecting Pokémon cards was a fun hobby. I'd buy packs, hoping to get the rarest "shinies," or holographic cards. We'd trade with friends and even go to meet-ups to trade cards trying to "catch 'em all" —a catchphrase that defined the franchise that had gone from Nintendo Game Boy …
· Arjun Kharpal
Players need incentive to live in PNG compound, says Albanese
Prime Minister Anthony Albanese has backed the tax exemption that stands to make PNG Chiefs the financial superpower of the NRL, as Wests Tigers joined the race for the Chiefs’ latest target, Connor Watson.
· Chris Barrett
[In This Economy] Stagflation by any other name would smell as bad
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· gdecastro0289
Clarity needed on Iran war before states tap into oil reserves, French Finance Minister says
France's Finance Minister said that governments should first have clarity on the duration of the war on Iran before releasing oil reserves.
· Middleeasteye
AMD CEO says unexpected CPU demand surge to last 5 years
Lisa Su, CEO of U.S. chipmaker AMD, attends a forum in Taipei on May 22. © Reuters
· Staff Writer
‘Huge validation’: Trump administration backs Aussie quantum tech
The Trump administration’s portfolio of strategic technology companies has expanded across the Pacific, with the US government taking equity stakes in two Australian-founded quantum computing pioneers as part of a $US2 billion ($2.8 billion) funding round.
· David Swan
Ethylene plant operating rate hits record low in Japan
The ethylene plant operating rate in Japan hit a record low of 67.3% in April, the Japan Petrochemical Industry Association said Thursday.
· No Author
Trump heads to New York to show support for Rep. Mike Lawler
President Donald Trump attends an event about loosening a federal refrigerant rule, in the Oval Office at the White House, Thursday, May 21, 2026, in Washington. (AP Photo/Jacquelyn Martin)
· Seung Min Kim
Indian telecom major Bharti Airtel is doubling down on overseas businesses
India's second-largest telecom company, Bharti Airtel, is doubling down on its Africa and U.K. bets, joining a growing number of companies from the South Asian country that are looking to expand their global footprints.
· Priyanka Salve
China’s vast new canal link to Southeast Asia set to open earlier than expected
The Pinglu Canal – a US$10 billion waterway connecting China’s heartlands to the Gulf of Tonkin – will begin trial operations as soon as September
· Alice Li
China’s vast new canal link to Southeast Asia set to open earlier than expected
The Pinglu Canal – a US$10 billion waterway connecting China’s heartlands to the Gulf of Tonkin – will begin trial operations as soon as September
· Alice Li
New mortgage loans per borrower hit record high in Q1: BOK
SEOUL, May 22 (Yonhap) -- New mortgage loans per borrower rose to a record high in the first quarter despite the government's tightened regulations to cool the overheated housing market, central bank data said Friday.
· Kim Boram
UAE-Oman trade corridors vital for transport of essential cargo as Hormuz remains closed | The National
Newly opened trade corridors between the UAE and Oman are playing a critical role in the transport of essential and time-sensitive cargo, as the Strait of Hormuz remains closed as a result of Iran war.
· Fareed Rahman
UK-Gulf deal is a shot in the arm for free trade | The National
At first glance, little seems to connect disparate items such as medical equipment, luxury cars, chocolate or butter. This week, however, four years of talks and a 2,000-page agreement brought them together. Such goods may be among the cheaper, more available British exports on sale in the Gulf as part of a mileston…
· The National Editorial
Dateline taps global project manager for California gold push
Dateline Resources has taken a big jump towards gold production in North America, appointing global project management heavyweight Alvarez & Marsal (A&M) to coordinate construction at its wholly owned Colosseum gold project in California.
· Murray Ward
US-China trade talks back in focus at APEC meeting
A crew member works on a container ship docked at Yangshan Port outside of Shanghai in June 2025. © Reuters
· Staff Writer
China calls for APEC cooperation as commerce minister skips opening over ‘urgent official business’
SUZHOU, China — Li Chenggang, China's international trade representative, opened the Asia-Pacific Economic Cooperation trade ministers' meeting on Friday with a call for regional economies to "send a strong message to the world" in support of cooperation.
· Evelyn Cheng
Guzman y Gomez exits US after succumbing to ‘graveyard’ for Australian fast food chains
Company founder Steven Marks says US stores will close as it can no longer justify cost of trying to break into crowded market
· Jonathan Barrett
South Korea's cosmetics trade surplus tops $10 bln for 1st time in 2025
South Korea's trade surplus in cosmetic products exceeded $10 billion for the first time last year, government data showed Friday, marking a significant milestone for the country's K-beauty industry.
· Yonhap
‘Cash is king’: Hong Kong, mainland Chinese firms hoard reserves as growth options narrow
Cash holdings rise among traditional firms listed in Hong Kong and Shanghai as productive places to deploy capital dwindle, analysts say
· Zhang Shidong
‘Cash is king’: Hong Kong, mainland Chinese firms hoard reserves as growth options narrow
Cash holdings rise among traditional firms listed in Hong Kong and Shanghai as productive places to deploy capital dwindle, analysts say
· Zhang Shidong
Tim Wilson on the Liberals’ economic vision - podcast
In his biggest address so far, shadow treasurer Tim Wilson described the federal budget as an ‘economic earthquake’ at the National Press Club this week.
Paul Merson tells Arsenal to ‘be like McDonald’s’, fears Aston Villa have reached limit
Former England forward urges Gunners to build from position of strength, says financial restrictions will cap Villa ambitions
· Paul McNamara
Paul Merson tells Arsenal to ‘be like McDonald’s’, fears Aston Villa have reached limit
Former England forward urges Gunners to build from position of strength, says financial restrictions will cap Villa ambitions
· Paul McNamara
Reeves allies unleash on Miliband in battle for Britain’s Treasury
LONDON — Chancellor Rachel Reeves must not be “torpedoed” if Keir Starmer is removed as Britain’s prime minister, her allies are warning — as they unleashed a barrage of criticism against a would-be successor as Britain’s top finance minister.
· Sam Blewett
Lee's approval rating rebounds to 64 percent: poll
SEOUL, May 22 (Yonhap) -- President Lee Jae Myung's approval rating rebounded to 64 percent this week from the previous week, led by positive assessments of his economic policies, a poll showed Friday.
· Yi Wonju
Guzman y Gomez shares surge as much as 20% after fast-food chain says it will exit U.S. market
Shares of Guzman y Gomez rose as much as 20.58% on Friday, after the Mexican-themed fast-food chain said it would exit the U.S. market and refocus on Australia.
· Justina Lee
Iran and Oman in Talks Over Strait of Hormuz Ship Payment System
The discussions suggest that the United States and the Iranian government may not be close to reaching a deal to end a war that has badly damaged the global economy.
· Ephrat Livni
Do robotic lawnmowers actually work and are they worth the investment?
Fri 22 May 2026 at 11:24am
· Amy Sheehan
South Korea's cosmetics trade surplus tops US$10 bln for 1st time in 2025
SEOUL, May 22 (Yonhap) -- South Korea's trade surplus in cosmetic products exceeded US$10 billion for the first time last year, government data showed Friday, marking a significant milestone for the country's K-beauty industry.
· Kim Han-joo
Govt. to supply 90,000 rental homes in greater Seoul area for youths by 2027
Finance Minister Koo Yun-cheol said Friday the government plans to supply some 90,000 rental housing units for young people in the greater Seoul area by 2027, as part of broader efforts to stabilize the housing market and improve living conditions for youths.
· Yonhap