Finance news

Miniso banks on finding the next Labubu as it opens 100 US stores

Japan to expand research grants, seeking 20,000 Ph.Ds a year

China's Nexchip has global ambitions as legacy chips thrive in AI's shadow

China anime festival shows Japan fandom undimmed by diplomatic chill

Japan's Yoshinoya to bulk up ramen business with US acquisition

South Korea's beauty tourism boom draws doctors away from hospital work

Mitsubishi Estate embarks on $9bn data center building spree in Japan

Japan shoe store giant ABC-Mart targets big strides across Southeast Asia

SK Hynix rallies in biggest-ever foreign share sale in US

Kazakhstan Extends Petroleum Export Ban Six Months as Hormuz Tensions Flare

Kazakhstan is growing more possessive of its petroleum products as a gasoline shortage tightens its grip in Russia and the US-Iran conflict reignites. Kazakh officials have established new police checkpoints on almost 60 roads along the country’s lengthy border with Russia to curb ‘gasoline tourism,’ according to local news reports. In addition, new restrictions have been introduced at border checkpoints, limiting trucks and cars to one crossing per day. In recent weeks, as gasoline shortages ha

OpenAI power consolidates under co-founder Greg Brockman ahead of prospective IPO

With Fidji Simo's official departure from OpenAI due to a chronic medical issue, Greg Brockman's role has become clearer.

Apple sues OpenAI alleging trade secret theft, says scheme was 'at every level'

The two companies entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone's operating system.

Security questions swirl over Trump’s new plane given to him by Qatar

US President Donald Trump faces questions about the security of his new Air Force One plane gifted by Qatar, after he took an older jet home from a Nato summit this week. The billionaire president has barely been able to contain his excitement over the retrofitted Boeing 747-8 aircraft, which took him to Ankara on its maiden trip outside the United States. But then Trump abruptly announced in Turkey that he was sending the luxury plane on ahead to a British airbase – saying it was so US troops..

How Apple stock rode the AI rollercoaster to record highs in 1 chart

Apple stayed true to itself in the AI race, and Wall Street is finally rewarding the stock for it.

Trump Accounts may help foster children build a financial safety net. What to know

Advocates say that Trump Accounts for foster children may end up being helpful, as long as concerns about flexibility and accessibility are addressed.

Meta’s stock roars back to life as it heads for its best week in years

Investors are bullish on Meta’s new low-cost AI pricing and infrastructure plans.

Trump admin eases export controls for UAE; Warren blasts 'corrupt' provision

The Commerce Department will favorably review exports involving MGX, which used a stablecoin linked to President Trump's family for a $2B Binance investment.

House of Representatives election in Berlin: Berlin's CDU gets a new top candidate

After Kai Wegner's withdrawal, the Berlin CDU needs a new top candidate for the House of Representatives election. The district chairmen of the capital have agreed on a name.

Volkswagen: Middle East conflict reaches VW – Qatar opposes deal with Israel

An arms cooperation with the Israeli company Rafael was supposed to save the VW factory in Osnabrück. But a major shareholder is against the plan. It's about hundreds of jobs.

Where to put cash right now: Should you lock in at 4% — or wait for the next Fed rate decision?

CD rates are at a standstill, but that could change after the next Fed meeting, or the one after that.

Federal Government: Quiet and yet powerful - Why Nina Warken, of all people, is the reform minister of this coalition

Against all resistance, Health Minister Warken pushed through her austerity reform for health insurance companies. How their leadership style works – the reconstruction.

Man arrested on suspicion of murdering ex-UK minister Ann Widdecombe

British police arrested a man on Friday on suspicion of murdering Ann Widdecombe, after the 78-year-old former government minister and Reform UK politician was found dead having “sustained serious injuries”. Police said a 26-year-old, white ‌British man had been arrested in Newton Abbot, a town about 15km (nine miles) from Widdecombe’s home in rural southwest England. Devon and Cornwall police assistant chief constable Matt Longman said there was no information to suggest the murder was related.

Air Force pushing contractors to purge Anthropic by Sept. 1: Memo

The Pentagon’s new target is to remove Anthropic department-wide by end of September, even as the AI titan is suing the government to overturn it.

The ETF market is pushing the limits of the leverage it can handle. SK Hynix is the latest example

The original ETF boom was about low cost, tax-efficient core index funds. Now single-stock ETFs are upping risk, with leverage getting 'a little carried away.'

A hedge-fund trade blamed for a massive market blowup in 2024 has made a big comeback, Goldman Sachs says

The currency-market carry trade is back — and bigger than it’s been in many years.

Prepare for the Fed to undo rate cuts that stabilized the economy, expert cautions

The Federal Reserve likely will take back all the 2025 ‘insurance cuts’ or not raise interest rates at all, according to RBC Wealth Management.

Summer Heatwaves Are Rewriting the Rules for Britain's Power Grid

The energy grid operator has warned that the “extreme temperatures” from this week’s heatwave could hit power supplies on Thursday night, as households’ use of fans and air conditioner place a record strain on our electricity system. The National Energy System Operator (Neso) issued a rare overnight notice calling on energy companies to generate additional supplies to satisfy demand from cooling devices during what Britain’s third heatwave of the summer. It is Neso’s second warning in as many mo

‘Trump accounts’ are great — if you’re already rich

They’re a poor deal for most other people.

King Charles hosts Prince Harry and family for first time in years, amid royal rift

King Charles hosted Prince Harry and met with his family for the first time in years Friday, as they try to repair a rift that has persisted since his youngest son and wife quit royal life and moved to America six years ago. Harry, Meghan and their two children, Prince Archie and Princess Lilibet, met with the king and Queen Camilla at Highgrove House, a country estate west of London. The Duke of Sussex had arrived on Monday in his homeland for a number of charity events that were overshadowed..

Renewed US-China AI dialogue serves American security interests: former officials

A new round of US-China dialogue on the risks of artificial intelligence, even just for the sake of dialogue, will be important for furthering US national security, according to former senior US officials responsible for China affairs. The assessment comes after the world’s two leading AI superpowers agreed to a new round of intergovernmental talks on AI safety following the Trump-Xi summit in Beijing in May, though few details about the dialogue have been announced. Jeannette Chu, one of the...