How US sanctions crippled lives of Iranians Trump says he wants to ‘help’
US sanctions have damaged Iran's economy, which was the reason the protests broke out in the first place....
1dAl JazeeraPoliticsImpact
As Vietnam’s US trade surplus overtakes China, Trump replaces envoy to fix ‘imbalance’
The Trump administration plans to replace the US ambassador to Vietnam with a nominee set on addressing “imbalanced” trade relations, as Hanoi’s goods trade surplus with Washington surpassed China’s...
1dSouth China Morning PostPoliticsImpact
UBS conveys upbeat note on Chinese stocks in 2026 as global investors seek diversification
UBS Group conveyed a sanguine outlook on Chinese stocks in 2026, as the world’s second-largest economy proved to be an important alternative for global investors seeking to diversify away from US equi...
1dSouth China Morning Posteconomics
Luxury retail giant Saks files for bankruptcy
Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...
18hBusiness Insidereconomics
Verizon’s wireless network is down for many people nationwide
The first big outage of 2026 is here, as Verizon customers across the US, including several of our phones, complain that service has been spotty or nonexistent since just after noon ET, with phones sw...
5hThe VergeTechnologyImpact
Zhipu AI breaks US chip reliance with first major model trained on Huawei stack
Chinese artificial intelligence firm Zhipu AI said its new image generation model was trained on chips from Huawei Technologies, making it the first powerful open-source model to be developed on an en...
12hSouth China Morning PostTechnologyImpact
Chinese short-video giant Kuaishou taps global debt market with US dollar, yuan bonds
Chinese short-video platform Kuaishou Technology is pitching its debut offshore bond sale to professional investors, joining a wave of domestic tech companies raising funds in the global debt market. ...
18hSouth China Morning PosteconomicsImpact
US, for 1st time in 50 years, experienced negative net migration in 2025: Report
The U.S. experienced negative net migration in 2025 for the first time in at least half a century, according to a report released by the Brookings Institution....
1dABC Newsworld_news
Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets
Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...
1dBusiness Insiderautomotive
China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months
China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strengt...
1dSouth China Morning PosteconomicsImpact
Read Jerome Powell's letter to senators following his testimony about renovations to the Fed building
Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...
19hBusiness InsiderPoliticsImpact
Microsoft explains how it plans to keep energy prices down for Americans from its data center buildout
Donald Trump and Microsoft CEO Satya Nadella. Chip Somodevilla/Getty Images Microsoft unveiled a five-point plan to reduce AI data center impact on US communities. The company aims to reduce rising ut...
1dBusiness InsiderTechnologyImpact
Meta Shuts 3 VR Studios and Lays Off Hundreds of Devs as It Pivots From Virtual Reality and the Metaverse to AI
Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as Tw...
13hIGNTechnologyImpact
Alibaba, JPMorgan said to invest in Chinese chip designer Montage’s Hong Kong listing
Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar wi...
11hSouth China Morning Posteconomics
Polymarket’s eye-watering brush with the 1958 Onion Futures Act
Peeling back the layers of the ambiguously-regulated US prediction market...
14hFinancial TimeseconomicsImpact
Tesla to stop selling FSD as a standalone package and switch to subscription only
Tesla Model Y electric vehicles (EV) at a dealership in Colma, California, US, on Tuesday, July 1, 2025. As its sales continue to slip and its robotaxi strategy seems to falter , Tesla CEO Elon Musk s...
10hThe VergeTechnology
Ford is so desperate for mechanics it's giving some of them free tools and Carhartt gear
Ford can't find enough mechanics to service its new cars. It's trying to create a pipeline of young workers with Carhartt. Anna Moneymaker/Getty Images Ford and Carhartt entered into a three-pronged p...
1dBusiness InsidereconomicsImpact
A Google VP explains why ads make sense in AI search but not Gemini — yet
Google VP of global ads, Dan Taylor, said the company is focused on bringing ads to AI Overviews and AI Mode. Google Ads aren't coming to the Gemini AI app anytime soon, according to Google's VP of gl...
8hBusiness InsiderTechnologyImpact
Polygon Labs Bolsters Stablecoin Payments Push, Acquiring Coinme and Sequence
Polygon Labs signaled that it’s becoming a regulated payments company by acquiring Coinme and Sequence for a combined $250 million....
1dDecryptcryptocurrency
Boeing beats Airbus order numbers for the first time this decade
Demand from countries rushing to buy US aircraft to curry favour with Trump administration boosts aviation group...
1dFinancial TimeseconomicsImpact