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A K-beauty rival? C-beauty brands take on the global market with lines in Ulta, Boots

China’s beauty brands are stepping into the global market, armed with intricately carved lipsticks, ⁠freeze-dried face masks activated with purified water, and creams infused with traditional Chinese medicine ingredients. Proya Cosmetics, the largest C-beauty brand by revenue, is among the most aggressive. Its Advan…

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Test of trust for Hong Kong’s new housing checks unit after Wang Fuk Court blaze

For former Wang Fuk Court resident Dorz Cheung, seeing will be believing when it comes to reforms initiated after the deadly inferno in Hong Kong’s Tai Po district. The 34-year-old questioned whether the new oversight bodies would prevent another disaster, saying systemic reforms to tackle shoddy building maintenanc…

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Former Evergrande economist faces WeChat gag order after ‘buy the dip’ call

Amid a bear market in China’s stock exchanges, Ren Zeping, the high-profile independent economist famed for his prescient call on China’s A-share bull market, is once again in the spotlight for a “gag order” on his social media, though industry insiders say that the move by the platform was not unexpected. Since Oct…

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Houthis and Yemeni government blame each other for Taiz market attack that killed 30

Houthis and Yemeni government blame each other for Taiz market attack that killed 30 Yemen’s Houthis and the internationally recognised government have blamed each other for a deadly attack on a market in Taiz province earlier on Friday. The Houthis said Saudi aircraft carried out the strikes, while the government a…

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US tech stock rout: is the AI bubble bursting?

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown?Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections.This is not the first time stock markets have wobbled in recent months due to con…

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IEA says energy realignment needed to survive oil crisis

SINGAPORE — Global supply shocks and fossil fuel market volatility are driving an “unprecedented realignment of power engineering and energy architecture, accelerating deep structural transitions toward grid electrification, solar deployment, and nuclear generation,” according to International Energy Agency Executiv…

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Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph

Asian and European markets follow US tech rout with many analysts predicting more waves of selling to comeEuropean and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier.A sell-off on Wall Street on Thursday was followed b…

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Anthropic is making biotech boasts, but scientists are wary of hype around ‘curing cancer’

Anthropic has been pushing is biotechnology projects in a bid to drive up its stock price, but scientists warn people need to be realistic. The AI giant has opened a biology lab in the Bay Area, bought two biotech startups — one for about $400 million in stock — and partnered with drugmakers including Bristol...

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David Jones was months behind in payments to some small Australian brands before going into administration, suppliers say

Global luxury fashion houses clear their stock from the embattled retailer, but smaller local businesses are at the bottom of the creditor pileGet our breaking news email, free app or daily news podcastIn April, half of a 40ft shipping container loaded with premium water bottles, coffee tumblers, wine coolers, Eskie…

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Middle East conflict weighs on British Airways owner IAG's profits

Middle East conflict weighs on British Airways owner IAG's profits International Airlines Group (IAG), the owner of British Airways and Iberia, said its third-quarter net profit fell by more than 12 percent as fuel costs rose and the conflict in the Middle East disrupted flights. Profit after tax fell to 1.23 billio…

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Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls

Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls US futures are higher, led by a sharp rebound in semis and memory names, as dip buyers emerge after Thursday's AI bloodbath which saw the Nasdaq 100 suffer its worst day since March 2020, while traders brace for the October jobs report; a…

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ANC faces bruising defeat in South African local elections with 80% of ballots counted

Former liberation movement’s share of national vote almost 14 percentage points below 2021 resultThe African National Congress is on course to suffer a bruising defeat in South Africa’s local elections, with the once dominant party of Nelson Mandela falling to under a third of the vote nationally with more than 80% …

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Musk celebrates Tesla’s top market spot in Korea

Tesla CEO Elon Musk celebrated the automaker’s continued dominance in South Korea’s fiercely competitive imported car market. On Friday, Musk reposted an image of the Korean national flag Taegeukgi modified to feature Tesla’s “T” logo. Writing “Tesla Korea” above the shared post, Musk highlighted data showing the US…

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Kia to invest W3tr to build new EV facility in Gwangju

Kia said Friday that it would invest 3 trillion won ($2.21 billion) in a new electric-vehicle production facility at AutoLand Gwangju, transforming the plant into a strategic mobility base. Running through 2029, the investment is part of Hyundai Motor Group’s broader commitment announced in November 2025 to inject 1…

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