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'Marathon at F1 speed': China bids to lap US in AI leadership

Beyond dancing robots and eager-to-help digital avatars, Shanghai's World AI Conference saw China stake its claim to global artificial intelligence leadership and frame itself as a clear alternative to the United States.

Stablecoins inspire hope, and hype, in Hong Kong

Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.

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US regulators let Skydance acquire Paramount Global

US regulators on Thursday approved an $8 billion deal for Skydance to acquire Paramount Global after receiving assurances the merged company will follow Trump administration guidelines against programs promoting diversity, equity and inclusion.

Trump, Fed chief Powell bicker during tense central bank visit

Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting Thursday as the president toured the central bank after ramping up his attacks on its management of the economy.

Trump tours Fed, ramping up war on central bank

Donald Trump arrived for a tour of the US Federal Reserve Thursday as the president escalates pressure on its chairman Jerome Powell over the central bank's management of the economy.

First half net profit plunges 22% at French luxury group LVMH

French luxury group LVMH saw net profit plummet 22 percent in the first half of 2025, the company announced Thursday, blaming the plunge on an "unsettled economic and geopolitical" backdrop.

American Airlines shares fall on weak forecast

American Airlines shares tumbled Thursday as the carrier projected a third-quarter loss due to lingering weakness in the US leisure market.

Trump to tour Fed as war on central bank chief ramps up

Donald Trump is due to visit the US Federal Reserve Thursday as the president escalates his pressure on its chairman Jerome Powell over the central bank's management of the economy.

EU-US trade deal hopes buoy stocks

Stock markets mostly extended gains Thursday as optimism grew that the European Union could soon strike a trade deal with the United States, following the Japan-US agreement.

EU turns up pressure with Trump trade deal 'in reach'

With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1.

ECB holds rates with US tariffs decision on horizon

The European Central Bank held interest rates steady Thursday as policymakers waited to see whether the eurozone would be hit by higher US tariffs threatened by President Donald Trump.

ECB to hold rates with US tariffs decision on horizon

The European Central Bank looked set to keep interest rates unchanged Thursday as policymakers waited to see whether the eurozone would be hit by higher US tariffs threatened by President Donald Trump.

India's Modi and UK PM Starmer ink trade deal

Prime Minister Keir Starmer praised Britain's "unique bonds" with India as he and his Indian counterpart Narendra Modi formally signed a recently announced UK-India trade deal during talks on Thursday.

Pharma giant Roche sees income soar in first half

Swiss pharmaceutical giant Roche on Thursday posted better-than-expected net income for the first half of 2025 amid strong sales of asthma and breast cancer treatments.

Nestle struggles amid weak China market

Nestle said Tuesday its net profit fell in the first half of the year as the Swiss food giant behind Nespresso coffee capsules and KitKat chocolate bars struggles to turn around its fortunes amid sluggish consumer spending in China.

Deutsche Bank posts bumper profits, shares soar

Deutsche Bank on Thursday reported its highest second-quarter profit since 2007 and said it was on track to meet annual targets, sending shares in Germany's biggest lender soaring.

Markets extend gains on US trade deal hopes

Stock markets extended the week's gains Thursday on optimism other countries will follow up Japan's US trade deal with ones of their own, with speculation building that the European Union is on course.

TotalEnergies net profit drops as oil prices fall

TotalEnergies said Thursday its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped.

BTS agency HYBE raided over alleged fraud trading

HYBE, the agency behind K-pop superstars BTS, was raided by police on Thursday in connection with alleged fraudulent trading involving its founder Bang Si-hyuk, investigators said.

US Osprey makes emegency landing in Japan

A US Osprey military aircraft made an emergency landing on Thursday in northern Japan, the latest in a string of mishaps and accidents involving the controversial tilt-rotor plane.

Atletico cash in on Real Madrid's Bernabeu concert woes

Mired in legal setbacks, Real Madrid are losing the lucrative star-studded concerts for which their costly Bernabeu stadium revamp was designed -- and cross-town rivals Atletico are cashing in.

Columbia University to pay $200 mn in clash with Trump

Columbia University said Wednesday it will pay $200 million to the US government after President Donald Trump threatened to pull federal funding over what he said was its unwillingness to protect Jewish students.

Germans reluctant to open wallets despite easing inflation

The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war.

Proof of life: tracking elusive Amazon group to save their land

A ceramic pot and the shell of a turtle, once hunted for its meat, are the most recent traces of an Indigenous community thought to live deep in the north Brazilian Amazon.

ECB expected to hold rates as more Trump tariffs loom

The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance.

Australia lifts trade barriers on US beef

Australia said Thursday it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration.

Tesla profits drop as Musk warns of 'rough' patch before riches

Tesla reported another drop in quarterly profits Wednesday as CEO Elon Musk warned the company could face a few "rough" quarters following the elimination of federal tax credits for electric vehicles under President Donald Trump's big fiscal package.

Tesla reports 16% profit drop to $1.2 bn on lower auto sales

Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics.

Champagne makers cut harvest as global outlook fizzles out

France's champagne producers said Wednesday they were cutting the amount of grapes to be made into the region's celebrated fizz by 10 percent due to an uncertain economic outlook.

AI helps Latin scholars decipher ancient Roman texts

Around 1,500 Latin inscriptions are discovered every year, offering an invaluable view into the daily life of ancient Romans -- and posing a daunting challenge for the historians tasked with interpreting them.

France prosecutors request rape trial for Depardieu

French prosecutors have for a second time requested cinema icon Gerard Depardieu be tried for the rape of an actor decades younger than him, they said Wednesday.

Stock markets advance after Japan-US trade deal

Stock markets rose on Wednesday after Japan and the United States hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector.

US existing home sales dip to 9-month low on high costs

Sales of previously-owned homes in the United States hit their lowest rate in nine months, according to industry data released Wednesday, as high home prices and mortgage rates weighed on the market.

Canal+ clears final hurdle to acquire S.Africa's MultiChoice

France's Canal+ said Wednesday it had cleared the final regulatory hurdle for the buyout of Africa's largest pay TV enterprise MultiChoice and further expand its footprint on the continent.

The China Mail - Economy (English)