The China Mail - Economy

New crew set to launch for ISS after medical evacuation

Four astronauts could blast off to the International Space Station (ISS) next week, after setbacks including a mysterious medical evacuation of the previous crew, last-minute rocket problems, and some scheduling conflicts with NASA's Moon mission.

Stocks in retreat as traders reconsider tech investment

Asian stocks fell Thursday to track more losses on Wall Street, where tech firms were again under pressure as fears over vast AI investments and extended valuations gained momentum.

Rising euro, falling inflation in focus at ECB meeting

A rising euro and falling inflation will present fresh challenges for the European Central Bank at its meeting Thursday, potentially reviving debate about if and when policymakers should start cutting interest rates.

Google's annual revenue tops $400 bn for first time, AI investments rise

Google parent Alphabet on Wednesday reported blockbuster earnings, its revenue climbing as it invests massively in cloud computing services enhanced with artificial intelligence.

Boxer Khelif reveals 'hormone treatments' before Paris Olympics

Olympic boxing champion Imane Khelif revealed in an interview with French sports daily L'Equipe that she had undergone hormone treatments to lower her testosterone levels ahead of the 2024 Games, but reaffirmed that she is not "transgender".

BHP damages trial over Brazil mine disaster to open in 2027

Australian mining giant BHP will face trial before a British court from April next year to determine how much it must pay in damages to victims of a 2015 dam collapse in Brazil, lawyers said Wednesday.

Bezos-led Washington Post announces 'painful' job cuts

The Washington Post, owned by billionaire Amazon founder Jeff Bezos, announced major job cuts Wednesday, saying that "painful" restructuring was needed at the storied newspaper.

UK PM says Mandelson 'lied' about Epstein relations

Prime Minister Keir Starmer Wednesday said he regretted naming Peter Mandelson as ambassador to the US, following fresh allegations about the disgraced envoy's close ties to the convicted sex offender Jeffrey Epstein.

Trump suggests 'softer touch' needed on immigration

US President Donald Trump suggested Wednesday that a "softer touch" may be needed on immigration, as his administration said 700 federal officers would be pulled from Minnesota after weeks of aggressive and even deadly operations.

Panama hits back after China warns of 'heavy price' in ports row

Panama's President Jose Raul Mulino on Wednesday rejected China's threat to make the Central American country pay a "heavy price" after a Hong Kong company was evicted from two ports on the Panama Canal.

US seeks minerals trade zone in rare Trump move with allies

US President Donald Trump's administration called Wednesday for a preferential trade zone among allies on critical minerals crucial for advanced technology, in a rare turn to multilateralism in the face of China's dominance.

US removing 700 immigration officers from Minnesota

Donald Trump's administration on Wednesday announced the removal of 700 immigration enforcement officers from Minnesota after weeks of operations and the fatal shooting of two protesters that sparked outrage across the United States.

US calls for minerals trade zone in rare move with allies

US President Donald Trump's administration called Wednesday for a preferential trade zone among allies on critical minerals crucial for advanced technology, in a rare turn to multilateralism in the face of China's dominance.

Stocks stabilise after Wall St AI-fuelled sell-off

Stock markets stabilised Wednesday following a tech-led selloff spurred by AI disruption fears, while precious metals recovered further.

Netflix film probes conviction of UK baby killer nurse

A Netflix documentary released Wednesday about a former UK nurse jailed for life for murdering seven babies is taking a fresh look at the puzzling case of the prolific child killer.

Sales warning slams Ozempic maker Novo Nordisk's stock

Shares in Danish pharmaceuticals group Novo Nordisk plunged Wednesday after the maker of Ozempic and Wegovy anti-obesity drugs warned of lower sales this year in the key US market.

GSK boosted by specialty drugs, end to Zantac fallout

British pharmaceutical group GSK reported Wednesday a sharp rise in annual net profit, boosted by strong sales of HIV, respiratory and cancer treatments as it recovered from costly US lawsuits over its Zantac heartburn treatment.

Stocks fluctuate after Wall St AI-fuelled sell-off

European and Asian stock markets struggled for direction Wednesday following a tech-fuelled sell-off on Wall Street, while precious metals recovered further.

Stocks swing following latest AI-fuelled sell-off on Wall St

Stocks fluctuated Wednesday following another tech-fuelled sell-off on Wall Street, while precious metals continued their recovery on dip-buying following a two-day collapse.

X hits back after France summons Musk, raids offices in deepfake probe

French prosecutors on Tuesday searched the Paris offices of Elon Musk's X as part of an investigation into alleged political interference and sexual deepfakes and summoned Musk in what the social media giant slammed as "politicized" raids.

Air India inspects Boeing 787 fuel switches after grounding

Air India has begun inspecting fuel control switches on its 33 Boeing 787 aircraft after grounding a flight over a possible defect, according to a company note seen by AFP on Tuesday.

Four out of every 10 cancer cases are preventable: WHO

Nearly four out of every 10 cancer cases could be prevented if people avoided a range of risk factors including smoking, drinking, air pollution and certain infections, the World Health Organization said Tuesday.

Eswatini minister slammed for reported threat to expel LGBTQ pupils

Rights groups blasted Eswatini's education minister Tuesday for reportedly threatening to expel LGBTQ pupils from school, and demanded the government protect the right of every child to education.

Pfizer shares drop on quarterly loss

Pfizer reported a quarterly loss Tuesday following a large write-down, denting shares as it confirmed 2026 financial targets with lower revenues.

Germany acquires power grid stake from Dutch operator

The German government said Tuesday that it had acquired a stake in the local subsidiary of Dutch power grid operator TenneT, a strategic investment by Berlin in critical energy infrastructure.

Stocks mostly climb as gold recovers

European stock markets mostly rose Tuesday after large gains across Asia, as gold and silver prices strongly rebounded in fresh volatile trading.

Germany has highest share of older workers in EU

Germany has the highest proportion of older workers of any European Union country, official data showed Tuesday, with almost a quarter of those in employment aged between 55 and 64.

Ethiopia denies Trump claim mega-dam was financed by US

Ethiopian Prime Minister Abiy Ahmed on Tuesday denied claims by President Donald Trump that the country's new mega-dam was funded by the United States.

From rations to G20's doorstep: Poland savours economic 'miracle'

Many Poles scoffed in 1980 when Lech Walesa, leader of the nascent Solidarity union, promised that Poland would become "a second Japan" -- yet the country now finds itself primed to join the G20 club of major economies.

Equities and precious metals rebound after Asia-wide rout

Stocks rallied while precious metals rebounded as some stability returned Tuesday following a rout fuelled by a perfect storm that sent shivers through across Asian trading floors.

Rural India powers global AI models

Tending crops by day and then logging on for a night shift of data labelling, 27-year-old Chandmani Kerketta is part of a rising rural Indian workforce helping power an artificial intelligence revolution.

Equities, metals, oil rebound after Asia-wide rout

Stocks rallied while precious metals and crude rebounded as some stability returned Tuesday following a rout fuelled by a perfect storm that sent shivers through across Asian trading floors.

The China Mail - Economy (English)

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