Wall Street giants lead China-profit surge despite market polarisation, uneven recovery
Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown
· Karen Tian
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Newest first · UTC+11:00UAE's ruling al-Nayhan family receives tens of millions in EU farming subsidies
The United Arab Emirates’ ruling al-Nahyan family is benefiting from tens of millions in European Union subsidies to grow crops destined for the Gulf, according to a new investigation by DeSmog.
· Middleeasteye
Megadrought: We Just Experienced The Driest First Three Months Of A Year In US History
Authored by Michael Snyder via The Economic Collapse blog,
· Tyler Durden
Chinese embassy in Britain slams conviction of 2 men linked to Hong Kong trade office | South China Morning Post
Hong Kong government claims case ‘absolutely unrelated’ to the administration, while Chinese embassy in UK condemns ‘political move’.
A cloud computing stock is soaring more than 25%. Here’s what’s driving the rally
Akamai's stock jumped in early trading Friday after it announced a $1.8 billion deal with an AI company and posted first-quarter earnings that were in line with estimates.
· Sawdah Bhaimiya
Can India’s rice farmers reap from US$30 million Amazon carbon credit deal?
The pact promises green farming and methane emission cuts, but raises questions over payouts and corporate climate accountability
· Biman Mukherji
Can India’s rice farmers reap from US$30 million Amazon carbon credit deal?
The pact promises green farming and methane emission cuts, but raises questions over payouts and corporate climate accountability
· Biman Mukherji
Cathay Pacific to lower fuel surcharges for passenger flights by up to 14%
Decrease to take effect on May 16 and comes after airline raised surcharges due to higher fuel prices as Middle East war disrupted supplies
· Ng Kang-chung
Cathay Pacific to lower fuel surcharges for passenger flights by up to 14%
Decrease to take effect on May 16 and comes after airline raised surcharges due to higher fuel prices as Middle East war disrupted supplies
· Ng Kang-chung
EU tells airlines passenger rules maintained despite Iran crisis
The European Commission on Friday told airlines that the impact of the Iran war on the jet fuel market is not severe enough to allow airlines to charge passengers a fuel hike surcharge, or to avoid compensation payments for cancelled flights. All passenger protection rules remain unchanged, the commission said.
· Middleeasteye
Lee, first lady meet merchants, shoppers at traditional market in central Seoul
President Lee Jae Myung and first lady Kim Hea Kyung on Friday visited a traditional market in central Seoul and met with merchants and shoppers as part of efforts to check on people's livelihoods.
· Yonhap
UAE announces $49 billion in industrial deals at Make it in the Emirates summit | The National
The UAE announced Dh180 billion ($49 billion) in cumulative offtakes over the next decade during the Make it in the Emirates summit as part of the government's push to strengthen and broaden the country's industrial base amid Iran war driven uncertainties.
· Fareed Rahman
Why is a Chinese research ship the latest flashpoint with Philippines in South China Sea?
Beijing and Manila trade accusations after incident near Iroquois Reef in the Spratly Islands this week
· Orange Wang
Why is a Chinese research ship the latest flashpoint with Philippines in South China Sea?
Beijing and Manila trade accusations after incident near Iroquois Reef in the Spratly Islands this week
· Orange Wang
How China’s sharper tech edge forces South Korea to rethink decades of industrial ties
Scholars urge a pivot to shared AI and EV standards and cooperation, while an upgraded China-South Korea free-trade pact is deemed vital
· Alice Li
How China’s sharper tech edge forces South Korea to rethink decades of industrial ties
Scholars urge a pivot to shared AI and EV standards and cooperation, while an upgraded China-South Korea free-trade pact is deemed vital
· Alice Li
Hong Kong prepares for gold futures trading: will the fourth time be the charm?
As HKEX eyes relaunch of gold futures, experts suggest extended hours, tax breaks, and storage facilities to ensure success
· Enoch Yiu
Hong Kong prepares for gold futures trading: will the fourth time be the charm?
As HKEX eyes relaunch of gold futures, experts suggest extended hours, tax breaks, and storage facilities to ensure success
· Enoch Yiu
The US economy is leaving most other big rich countries in the dust so far in 2026, data shows
The US has enjoyed dramatically larger economic growth so far this year than most other large developed countries in the world, economic data shows.
· Ronny Reyes
Honda slips into first operating loss as it reevaluates EV strategy
Honda Motor has been forced to revise its electric vehicle strategy, including canceling three EV model launches planned for North America. (Photo by Mayumi Tsumida)
· Staff Writer
China ‘full-time children’ re-enter job market, believe experience will ease future challenges
Mainland youngsters reflect on ‘paid’ time spent caring for and keeping company with their parents, say it is not a panacea for tough job market
· Fran Lu
China ‘full-time children’ re-enter job market, believe experience will ease future challenges
Mainland youngsters reflect on ‘paid’ time spent caring for and keeping company with their parents, say it is not a panacea for tough job market
· Fran Lu
Estaria Putin às vésperas de sofrer um golpe de Estado?
O Kremlin endureceu drasticamente as medidas de segurança em torno do presidente russo, Vladimir Putin. O motivo seriam temores crescentes de atentados e golpes de Estado. Isso consta em um relatório de um serviço de inteligência europeu, citado pelo portal russo especializado em jornalismo investigativo Important S…
· Evgeniy Dyuk
Rwandan President Paul Kagame tours Botswana diamond hub
Wrapping up a state visit to Botswana, Rwandan President Paul Kagame turned his attention to the country’s economic powerhouse, the Diamond Trading Company Botswana in Gaborone.
· AfricaNews
University lets students earn bachelor’s and master’s degrees entirely on their phone
Americans looking to earn degrees at their own speed can now do so via their mobile phones after Cornerstone University tailored degree offerings in its business program to cater to students who prefer a self-paced program that can be completed on a smartphone.
· Fox Business
Sony and TSMC partner on next-generation AI image sensors
Sony is the global leader in manufacturing image sensors used in smartphones, as well as in automotive and industrial applications. (Photo by Toshiki Sasazu)
· TSUBASA SURUGA
Sony and TSMC partner on next-generation image sensors
Sony is the global leader in manufacturing image sensors used in smartphones, as well as in automotive and industrial applications. (Photo by Toshiki Sasazu)
· TSUBASA SURUGA
Veteran politician Jeffrey Lam to lead Hung Shui Kiu industrial park operator
Lam will chair the board of the first entity established to accelerate development of the Northern Metropolis megaproject
· Eric Jiang
Veteran politician Jeffrey Lam to lead Hung Shui Kiu industrial park operator
Lam will chair the board of the first entity established to accelerate development of the Northern Metropolis megaproject
· Eric Jiang
Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch
Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business segments in the fourth quarter helped offset headwinds from a memory price crunch.
· Kai Nicol-Schwarz
India power companies strained as big users source own electricity
Engineers work on an electricity pylon on the outskirts of the western Indian city of Ahmedabad. © Reuters
· ANANTA AGARWAL
In the line of fire: Hospitality owners’ sleepless nights as venues go up in flames
Hospitality venue owner Arjun Reddy was preparing for a regular morning when he heard about an arson attack around the corner from his South Melbourne business.
· Gemma Grant
Baidu chip unit Kunlunxin eyes US$14.7b valuation in Hong Kong IPO: sources
The company is seeking to list on the Sci-Tech Innovation Board, also known as the Star Market, of the Shanghai Stock Exchange
· Ben Jiang
Baidu chip unit Kunlunxin eyes US$14.7b valuation in Hong Kong IPO: sources
The company is seeking to list on the Sci-Tech Innovation Board, also known as the Star Market, of the Shanghai Stock Exchange
· Ben Jiang
UAE sends Trump's Board of Peace '$100m' for training of new Gaza police force
The United Arab Emirates has disbursed $100m to the US-backed "Board of Peace" to finance the training of a Palestinian police unit destined for the Gaza Strip, The Times of Israel reported, citing diplomatic sources.
· Middleeasteye
Open your markets if you want EU cash, industry chief tells US and other trade partners
BRUSSELS — Countries that don't welcome European companies into their markets shouldn't expect access to EU goods and services contracts, the bloc's top industry official has warned.
· Gabriel Gavin
Lee, first lady meet merchants, shoppers at traditional market in central Seoul
SEOUL, May 8 (Yonhap) -- President Lee Jae Myung and first lady Kim Hea Kyung on Friday visited a traditional market in central Seoul and met with merchants and shoppers as part of efforts to check on people's livelihoods.
· Park Boram
Nintendo to hike price of Switch 2 console due to memory chip prices
The price hikes will take effect in Japan on May 25, and in North America and Europe on Sept. 1. (Photo by Yo Inoue)
· Staff Writer
UAE sends Trump's Board of Peace '$100m' for training of new Gaza police force
The United Arab Emirates has disbursed $100m to the US-backed "Board of Peace" to finance the training of a Palestinian police unit destined for the Gaza Strip, The Times of Israel reported, citing diplomatic sources.
· Middleeasteye
Baidu's spun off chip unit plans dual listing in Shanghai and Hong Kong
A man passes a Baidu logo at an open-source AI event in Beijing on Mar. 17. The search engine operator's chip unit, Kunlunxin, is planning a public listing in Hong Kong and Shanghai. © Reuters
· Staff Writer
AI electricity gap fuels Weichai Power, GE Vernova shares as generator demand surges
AI’s explosive growth is triggering a global power crisis, as data centres deploy backup generators amid soaring electricity demand
· Zhang Shidong
AI electricity gap fuels Weichai Power, GE Vernova shares as generator demand surges
AI’s explosive growth is triggering a global power crisis, as data centres deploy backup generators amid soaring electricity demand
· Zhang Shidong
Toyota sees 20 percent drop in annual profit as Iran war weighs
Toyota forecast a 20 percent decline in profit for the current financial year on Friday, as cost and supply uncertainties stemming from the Iran war weigh on earnings even as robust demand for its hybrid models powers sales growth.
· Middleeasteye
Trump invites Boeing, Mastercard CEOs to join China trip next week: sources
Donald Trump Jr. and Eric Trump will also join the high-stakes summit in Beijing, sources say
· Kandy Wong
Trump invites Boeing, Mastercard CEOs to join China trip next week: sources
Donald Trump Jr. and Eric Trump will also join the high-stakes summit in Beijing, sources say
· Kandy Wong
Prepare for ‘China shock 3.0’ to the global food economy
Imagine China applying the same industry policy playbook for electric cars, solar panels and AI to agriculture and food self-sufficiency
· David Dodwell
Prepare for ‘China shock 3.0’ to the global food economy
Imagine China applying the same industry policy playbook for electric cars, solar panels and AI to agriculture and food self-sufficiency
· David Dodwell
Warren Buffett’s big bets set to haunt the $1.4 trillion giant he built
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· Nir Kaissar
Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge
In a rare outbreak of sanity from the continent that perfected kicking the can, officials on NATO’s eastern front are openly admitting what Brussels and Frankfurt have spent years denying: you can’t fund a permanent war footing with infinite borrowing and hope the bond market never notices.
· Tyler Durden
Oil climbs and stocks drop as Strait of Hormuz escalation threatens US-Iran truce | The National
Live updates: Follow the latest news on US-Iran war
· Sarmad Khan