The China Mail - Economy

Nvidia, Deutsche Telekom unveil 1-bn-euro AI industrial hub

US tech giant Nvidia and Deutsche Telekom said Tuesday a one-billion-euro ($1.1 billion) industrial artificial intelligence hub will soon be launched in Germany, Europe's latest bid to catch up in the global AI race.

Stocks drop as traders assess tech rally

Stock markets fell Tuesday as investors weighed the recent tech rally on Wall Street against growing fears of an AI bubble and concerns over the US interest-rate outlook.

Spain's Telefonica shares drop on dividend cut, net loss

Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026.

Shein vows to cooperate with France in sex doll probe

Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.

BP profit surges despite lower oil prices

British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices.

Shein vows to cooperate with France in childlike sex doll probe

Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.

Asian markets slip as traders eye tech rally, US rate outlook

Asian markets fell Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.

Asian markets swing as trades eye tech rally, US rate outlook

Asian markets fluctuated Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.

Mixed day for global stocks as market digests latest AI deals

Global stock markets were mixed Monday with the Nasdaq rising and the Dow retreating as traders digested major AI deals boosting the tech sector.

US Fed's Cook warns inflation to stay 'elevated' next year

A key US central bank official warned Monday that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfill her duties even as President Donald Trump seeks her removal.

Stock markets diverge despite boost from AI deals

Global stock markets diverged Monday despite fresh major AI deals boosting the tech sector.

Stock markets rise as tech sector buoyed by fresh AI deal

Global stock markets mostly rose Monday as a fresh major AI deal fuelled a rally in the tech sector.

German plans to lower industrial power costs from January

Germany plans to begin a scheme to slash energy costs for power-hungry manufacturers in January, the economy minister said Monday, part of efforts to revive Europe's struggling industrial powerhouse.

Stock markets rise on AI optimism

Major European and Asian stock markets rose Monday as optimism over the artificial intelligence sector carried over into the new week, according to analysts.

France threatens Shein ban if 'childlike' sex dolls reappear

France's finance minister threatened Monday to ban Shein from the country if the Asian e-commerce giant resumes selling "childlike" sex dolls, just days before it opens its first physical store in Paris.

Most equity markets rise on lingering trader optimism

Stocks rose on Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street.

Asian markets rise on lingering trader optimism

Stocks rose in Asian trade Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street.

As clock ticks down, Greece tries to clean up its act on waste

Cell phone glued to his ear, Kosmas Vassilas watches his truck crews round up multi-coloured bins on the island of Corfu, where a groundbreaking recycling initiative is bucking the trend of Greece's anarchic waste disposal.

Most Asian markets rise on lingering trader optimism

Most stocks rose in Asian trade Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street.

Affiliate of Pacific Avenue Capital Partners Completes Acquisition of FLSmidth Cement from FLSmidth & Co. A/S

LOS ANGELES, CA / ACCESS Newswire / November 3, 2025 / Pacific Avenue Capital Partners ("Pacific Avenue"), a leading global private equity firm focused on corporate carve-outs and other complex situations in the middle market, today announced it has completed the acquisition of FLSmidth Cement A/S ("FLSmidth Cement" or "Company"), from FLSmidth & Co. A/S (CPH:FLS) ("FLSmidth"). With the completion of the transaction, FLSmidth Cement will operate under the new name Fuller Technologies ("Fuller"), marking the beginning of its next chapter as an independent, technology-driven leader serving the global cement sector. Fuller is a leading solutions provider for the cement production industry focused on providing aftermarket parts and services to as well as new and replacement equipment for cement plants around the globe. The Company has manufacturing locations in North America, Europe, and Asia, and its global installed base spans over 1,400 of the world's approximate 2,700 cement plants.

'Regretting You' wins spooky slow N. American box office

Paramount's "Regretting You," the latest film adaptation of a Colleen Hoover novel, finished first place in a lackluster Halloween weekend at the North American box office, industry estimates showed Sunday.

OPEC+ further hikes oil output

The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.

Death becomes a growing business in ageing, lonely South Korea

Rows of coffins line a university classroom in the South Korean port city of Busan, ready for use in training the funeral directors of the future in a rapidly ageing country.

Denmark's fabled restaurant noma sells products to amateur cooks

Several times crowned the best restaurant in the world, noma, a beacon of gastronomy in Copenhagen, wants to carve a niche among home cooks by selling them some of its products.

'I can't eat': Millions risk losing food aid during US shutdown

Approximately one in eight Americans receive food stamp benefits from the US government, a program at risk of losing its funding as of Saturday due to the government shutdown.

High price of gold inspires new rush in California

Matt James has collected gold nuggets for years from the hills and riverbeds of California, but as the precious metal's price soars, he has found an unexpected El Dorado: on social media.

'Swing for the fences': Carney promises bold budget as US threat grows

Canada's new Liberal government unveils its first budget on Tuesday, with Prime Minister Mark Carney saying "bold risks" are needed to reform an economy facing unprecedented economic threats from the United States.

French fraud watchdog reports Shein for 'childlike' sex dolls

France's anti-fraud unit said on Saturday it had reported Asian e-commerce giant Shein for selling what it described as "sex dolls with a childlike appearance".

South Korea hosts Xi as Chinese leader rekindles fraught ties

South Korean President Lee Jae Myung hosted Xi Jinping for their first meeting on Saturday as the Chinese head of state took centre stage and reforged old ties at an Asian summit from which US leader Donald Trump was largely absent.

Latin America weathered Trump tariffs better than feared: regional bank chief

The impact of tariffs imposed by US President Donald Trump "has been less than expected" in Latin America, the head of the region's development bank told AFP in an interview.

Bangladesh dockers strike over foreign takeover of key port

Bangladesh's dock workers escalated a strike on Saturday at the country's biggest port, Chattogram, protesting plans by the interim government to lease operating licences to a foreign company.

China to exempt some Nexperia chips from export ban

China said Saturday it will exempt some Nexperia chips from an export ban that was imposed over a row with Dutch officials and has alarmed European businesses.

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