The China Mail - Economy

Featured

Samsung plans $310 bn investment to power AI expansion

South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom.

Gambling ads target Indonesian Meta users despite ban

Gambling promoters are using deceptive marketing tactics to reach Indonesian users across Meta platforms, despite the company's policies and a government crackdown on the illegal practice.

Last news

Nuclear monitor defends Ukraine plant visit via Russia-controlled territory

UN nuclear watchdog chief Rafael Grossi on Monday defended the first ever visit by his staff to Ukraine's Zaporizhzhia nuclear power plant through Russian-occupied territory, saying the "exception" was aimed at protecting lives.

Wearable tech has far to go before challenging smartphones

Wearable gadgets like smart watches and glasses are growing more capable every year, but experts say smartphones will remain ubiquitous for the foreseeable future -- not least thanks to artificial intelligence features.

Eurozone inflation eases slightly in February

Eurozone inflation edged down slightly in February to 2.4 percent, reversing a four-month upward trend thanks to a slowdown in energy price increases, official data showed on Monday.

European defence stocks soar as govts up military spend

Share prices of European defence companies soared Monday as London and the European Union look to ramp up military spending in the face of uncertainty over the United States' commitment to Ukraine and NATO.

Asian markets creep up on hopes of China fiscal response to Trump tariffs

Asian markets rose cautiously on Monday, with investors eyeing a potential Chinese stimulus package and President Donald Trump's looming tariffs.

7-Eleven to replace CEO in Couche-Tard takeover battle: reports

7-Eleven's owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by Canada's Alimentation Couche-Tard (ACT), reports said Monday.

AI, trade tensions to mark Barcelona mobile industry meet

Frantic optimism about artificial intelligence's potential to empower gadgets is set to clash with fears about trade tensions stoked by the White House at this week's Mobile World Congress (MWC) in Barcelona.

ECB to cut rates again as debate heats up on pause

The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause.

Asian markets climb on hopes of China fiscal response to Trump tariffs

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods.

Sean Baker: chronicler of sex work, Oscar winner

Sean Baker, whose career chronicling the lives of sex workers and marginalized communities has made him a leading light of the US indie movie scene, won the Oscar for best director on Sunday.

Asian markets climb on China fiscal hopes against Trump tariffs

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods.

Trump's fentanyl tariffs hold wider political aims: analysts

In doubling down on tariffs targeting Canada, Mexico and China, US President Donald Trump cites a lack of progress on tackling fentanyl, but analysts say the drug crisis is just one of his political goals.

Seyond Accelerates Global Expansion with HKEX Listing via De-SPAC Transaction

SUNNYVALE, CA / ACCESS Newswire / March 3, 2025 / Seyond, a global leader in high-fidelity LiDAR solutions, has announced its upcoming listing on the Hong Kong Stock Exchange (HKEX) through a de-SPAC (special purpose acquisition company) transaction with TechStar Acquisition Corporation. The transaction values Seyond at HK$11.7 billion and marks a significant milestone in the company's mission to drive advancements in automotive, intelligent transportation, robotics, and infrastructure industries worldwide.

Inspire Veterinary Partners Engages STNL Advisors for Real Estate Advisory Services

VIRGINIA BEACH, VA / ACCESS Newswire / March 3, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S.,today announced it has engaged STNL Advisors, a full-service net lease advisory firm, to review the Company's real estate portfolio and provide strategic guidance on opportunities to expand, update and add new facilities.

Vertiv and Tecogen Forge Global Partnership to Enhance Cooling Solutions for Power-Constrained Data Centers

BILLERICA, MA / ACCESS Newswire / March 3, 2025 / Tecogen Inc. (OTCQX:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce a collaboration with Vertiv, a global provider of critical digital infrastructure and continuity solutions. This collaboration enables Vertiv to offer Tecogen's advanced natural gas-powered chiller technology to data centers worldwide, addressing power constraints and facilitating the deployment of AI at scale.

Parker Blackwood Advisers Reports Australian Economy Showing Signs of Recovery

Parker Blackwood Advisers analysts highlight Australia's modest economic recovery, with GDP expected to rise but still lagging historical trends. Key risks include weak capital expenditure, sluggish productivity, and uncertainty around future RBA policy moves.

The EU's Clean Industrial Deal Can't Succeed Without Using a Major Leap in Technology

But most importantly, by aligning interests related to industrial competitiveness and climate action to enhance supply chain transparency, circular economy leadership, and access to affordable energy, it simplifies a complex process and ensures that all stakeholders-business, industry, environmentalists, and yes, the planet-move forward together.

Trump's deportation threats send shivers through farmworkers

With planting season well under way in California, the leading US food-producing state, fear is taking root among thousands of migrants who labor to feed a country that now seems ready to deport them.

High-stakes father-son feud rocks Singapore property giant

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families erupting into public view this week.

China signals renewed tech sector support, but concerns linger

A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold -- though experts advise caution.

US stocks finish gloomy week on positive note

Wall Street stocks finished a downcast week on a positive note Friday on a mixed day for global equities, while bitcoin slid below $80,000 for the first time since November.

Why Mexican manufacturers seem unfazed by threat of Trump tariffs

If US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with 25-percent tariffs on Tuesday.

Nigeria president says end in sight for economic crisis

Nigeria is heading towards the "light at the end of the tunnel" as the country grinds through the second year of a cost-of-living crisis, President Bola Tinubu said Friday.

Italy breaks 'taboo' with push to revive nuclear

Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- though experts say any revival is at least a decade away.

Microsoft retires Skype, internet call pioneer

Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011.

Wild AI, a royal letter and big hugs - a week in Trumpworld

President Donald Trump closed out a packed week at the White House after hosting a string of eager-to-please guests, and generating the usual eye-popping menu of news items.

US Fed's favored inflation gauge cooled slightly in January

The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published Friday, although it remained stuck above the bank's long-term target.

UK firms cautiously optimistic on US trade deal prospects

Hopes of a trade deal between Britain and the United States, reignited by President Donald Trump's positive comments after meeting Prime Minister Keir Starmer this week, prompted cautious optimism Friday from a UK business sector keen to avoid tariffs.

Stocks weighed down by Crypto 'meltdown', tariff uncertainty

Bitcoin slumped below $80,000 on Friday for the first time since November, while equities diverged following President Donald Trump's latest volley of tariffs.

Over 200 defective Paris Olympics and Paralympics medals to be replaced

The French Mint has received 220 requests to replace medals won at the 2024 Paris Olympics and Paralympics, it told AFP on Friday.

Man, 90, suspected of killing two in Belgium nursing home

A 90-year-old man accused of killing his wife three years ago is suspected of stabbing to death two elderly residents of a nursing home in Belgium, officials said Friday.

Stock markets mostly retreat as tariff uncertainty weighs

Asian stock markets slumped and Europe mostly retreated Friday after President Donald Trump's latest volley of tariffs, though London edged higher amid hopes of a US-UK trade deal.

The China Mail - Economy (English)