The China Mail - Economy

Featured

Foxconn posts quarterly profit surge on AI server demand

Taiwanese tech hardware titan Foxconn reported on Wednesday a forecast-busting second quarter net profit, as exploding demand for artificial intelligence servers needed in data centres powered the company's growth.

Toyota ex-chief Okuda, pioneer of the Prius, dead at 93

Former Toyota head Hiroshi Okuda, credited with championing the pioneering Prius hybrid and turning the Japanese automaker into a global titan, has died aged 93, the firm said Wednesday.

Last news

NOVARION and TAROX enter Strategic Partnership for IT Infrastructure and Agentic AI

The combined product portfolio delivers turnkey data center solutions.

World Bank confirms plan to phase out China lending by 2031

The World Bank on Thursday confirmed that it plans to phase out its lending to China by 2031, according to the organization's new country partnership framework (CPF) for the world's second-largest economy.

US unveils new tariffs on 60 partners as Trump rebuilds trade agenda

The United States said Thursday that it would impose new tariffs on 60 trading partners over forced labor concerns, replacing an expiring global duty rolled out by President Donald Trump earlier this year.

Airbus, Boeing fly in different directions at Farnborough

Airbus and Boeing presented differing outlooks for their commercial aircraft in coming years, as the aviation sector gathered near London for this week's Farnborough airshow.

NATO to overhaul European fuel pipeline network

NATO countries have agreed a 27-billion-euro overhaul of their fuel network to supply forces in Europe in coming decades, in a move Romania hailed on Thursday as "essential" for security.

Oil soars above $100 as Middle East fears grow

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping and threats by US President Donald Trump to strike them in return sent equity markets slumping.

Swelling jet fuel costs hit American Airlines outlook

American Airlines lowered its annual profit outlook Thursday, hitting shares while the carrier pointed to swelling jet fuel costs as a negative counterweight to healthy travel demand.

Venezuelans turn to scrap collecting in quake-hit beach 'paradise'

In normal times, La Mar Suites is buzzing with tourists drawn to the crystal beaches, mangroves and wildlife of northern Venezuela.

Nigeria's Dangote raises $2.5bn to expand Africa's largest refinery

Nigeria's Dangote mega-refinery Thursday said it has secured $2.5 billion in investment from private investors to fund its expansion plans, as it widens its refining business to east Africa.

Oil soars to $100 on fresh Mideast attacks

Oil prices surged to $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping and US President Donald Trump threatened to strike them in return.

AI-led boom in IPOs raises concerns about a bust

This has been a banner year for stock listings, thanks largely to AI firms, but the massive size of the operations raises questions about whether the markets can continue to absorb them.

Venice film festival promises Pattinson, Oasis and Musk doc

British star Robert Pattinson's latest film, "Oasis" brothers Noel and Liam Gallagher, as well as a four-hour documentary about Elon Musk are all set to feature at the Venice Film Festival this year in September.

ECB holds rates as Iran war flare-up threatens to drive prices higher

The European Central Bank on Thursday kept its key deposit rate unchanged at 2.25 percent and said it was "closely monitoring" the inflationary impact of the Middle East war amid fresh fighting.

ASEAN calls for open straits as US-Iran war casts shadow

Foreign ministers from fuel-stressed Southeast Asia called for freedom of navigation in international straits on Thursday as they wrapped a week of meetings largely overshadowed by the US-Iran war.

MEXC's "Kickoff Fest" Trading Event Concludes with Top Individual Reward of 27,352 USDT

MEXC, a pioneer in 0-fee digital asset trading, has concluded its 40-day "Kickoff Fest" trading event, which ran from June 11 to July 21, 2026 (UTC). During the event, the top individual reward reached 27,352 USDT, with the event attracting 289,088 participants across 101 countries and regions.

Oil soars close to $100 on fresh Mideast attacks

Main oil contract Brent North Sea surged toward $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping, raising fears that the Middle East war is widening.

EasyJet profits nosedive on Mideast war

British airline EasyJet, the target of a multi-billion-pound takeover battle, said Thursday that profits plunged in the third quarter as the Middle East war sent jet fuel prices soaring.

Nestle siphons off bottled water business into joint venture

Swiss giant Nestle said Thursday that it will create a joint venture for its bottled water business, which includes top-selling brands such as San Pellegrino, Source Perrier and Acqua Panna.

Nokia says AI, cloud boosted sales in second quarter

Finnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, but restructuring charges ate into earnings.

Repsol says profit more than triples on higher oil prices

Spanish energy giant Repsol said Thursday it net profit in the first half of the year more than tripled, boosted by a surge in oil and gas prices due to the Middle East conflict.

Renault says sales stalled in first half

French auto giant Renault said Thursday that global sales stalled in the first six months of the year, held back by weaker Dacia sales in Europe.

TotalEnergies says profit doubled on Mideast war

French oil and gas giant TotalEnergies said Thursday net profit doubled in the second quarter as conflict in the Middle East pushed up hydrocarbon prices.

EasyJet says profits nosedive on Mideast war

British no-frills airline EasyJet said Thursday that its profit tumbled in the third quarter as the Middle East war sent jet fuel prices soaring and dampened customer demand.

ASEAN to call for open straits as US-Iran war casts shadow

Foreign ministers from fuel-stressed Southeast Asia will call for freedom of navigation in international straits when they wrap a week of meetings largely overshadowed by the US-Iran war, according to a draft communique seen by AFP.

AI catches up with humans to score 100% at top maths contest

A perfect result at the world's most prestigious mathematics contest used to be the preserve of a handful of bright young minds each year, but for the first time, artificial intelligence has also scored full marks.

Houthis target Red Sea shipping as US hits Iran

A Saudi vessel was attacked in the Red Sea as Tehran-backed Houthi rebels claimed to strike tankers in the waterway, Riyadh's state media said Thursday, signalling a potential new front in the US-Iran conflict.

Tech bounce lifts Asia stocks, oil extends gains on US-Iran fears

Tech firms enjoyed a much-needed bounce on Thursday as they helped most Asian stock markets higher amid renewed hopes for the AI boom, though oil prices rallied after the US and Iran ratcheted up Middle East tensions.

New Mideast fighting puts eurozone rate-setters on alert

Fresh fighting in the Middle East and rising oil prices have put the European Central Bank on alert ahead of its rate-setting meeting on Thursday.

Tearful fights, edible offerings: A glimpse into the Maradona trial

The fraught and fiery trial of late football legend Diego Maradona's medical team has at times been as turbulent as the life of Number 10 himself.

Tesla shares fall as Musk touts ambitious -- and costly -- plans

Tesla reported weaker-than-expected quarterly profits on Wednesday despite increased auto sales, depressing shares in after-hours trading amid questions over massive capital spending plans.

Google-parent Alphabet beats expectations, cloud revenue nearly doubles

Google's cloud business grew by more than 80 percent, the company said on Wednesday, which exceeded investor expectations who are looking for signs that the company's AI investments are paying off.

US announces civilian nuclear deal with Saudi Arabia

The United States on Wednesday announced a landmark deal with Saudi Arabia that would establish a civilian nuclear program in the Gulf country, with Washington insisting the agreement includes safeguards against non-proliferation.

The China Mail - Economy (English)