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Stocks rally on hopes of US government shutdown ending

Stock markets charged higher Monday as investors cheered prospects that the US government shutdown could be nearing an end, after lawmakers reached a deal likely to break the record 40-day impasse.

End to US government shutdown in sight as Democrats quarrel

The longest-ever US government shutdown appeared headed Monday to an eventual resolution, after several Democratic senators broke ranks to join Republicans in advancing a compromise deal -- sparking intra-party backlash.

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United Airlines profits dip but says Newark has rebounded

United Airlines reported a drop in second-quarter profits Wednesday on higher costs and predicted a rise in travel as geopolitical worries ease.

EU mega budget hits immediate German opposition

The European Union executive on Wednesday proposed a two-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it was quickly shot down by Germany, the bloc's largest member.

Syria says pulling troops from Druze heartland after US request

Syria announced that its army had begun to withdraw from violence-hit Sweida on Wednesday, following a wave of Israeli strikes on the capital and a US call for government forces to leave the majority-Druze southern city.

Goldman Sachs profits jump as CEO eyes more merger activity

Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking.

EU unveils bigger long-term budget but risks fight with farmers

The EU executive proposed on Wednesday a two-trillion-euro long-term budget bazooka focused on tackling overseas competition and Russian aggression at Europe's borders -- at the risk of a new showdown with farmers.

Markets fall on reported Trump plan to fire Fed chief

Major stock markets stumbled on Wednesday after reports that US President Donald Trump was close to firing the head of the Federal Reserve in a dispute over interest rates.

Argentina under Milei: a tale of two economies

In Javier Milei's Argentina, falling inflation has stimulated a boom in car and real estate sales and foreign-bound planes take off laden with tourists.

Stellantis pulls plug on hydrogen fuel cell vans

Jeep-maker Stellantis said Wednesday it was pulling the plug on plans to build light vans using hydrogen fuel cells, saying it saw no prospects for it to be commercially viable.

Nvidia's Huang says 'doing our best' to serve Chinese market

Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials.

Indonesian shoemakers fear Trump tariffs despite lower levy

At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump's tariffs hit exports.

Indonesia hails 'new era' with US after Trump trade pact

Indonesia's leader on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he slashed the tariff rate faced by Southeast Asia's biggest economy from 32 percent to 19 percent.

Dutch tech giant ASML sees profits rise but warns on 2026

Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook.

Cuban minister resigns after downplaying poverty

The labor minister in economically depressed Cuba resigned Tuesday amid an uproar over her claim that people rummaging through garbage cans were only pretending to be poor and not truly desperate.

Trump unveils investments to power AI boom

US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech's soaring demand for electricity to fuel the AI boom.

Nasdaq gains while Dow, S&P 500 fall as US inflation ticks higher

Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into his country's economy.

Syrian Druze say govt mission of peace devolved into rampage

The mainly Druze residents of the Syrian city of Sweida had hoped the arrival of government forces on Tuesday would spell an end to deadly sectarian clashes with local Bedouin tribes.

Trump says Indonesia to face 19% tariff under trade deal

President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access.

French PM proposes cutting national holidays to cut debt

Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays in France as part of a bid to tackle what he called the "curse" of his country's debt.

Tackling debt 'curse', France wants to slash holidays

France's Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays as part of an urgent plan to tackle what he called the "curse" of his country's debt.

Stock markets dip as US inflation puts focus on Trump's tariffs

Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into the American economy.

US banks see lower recession risk despite tariff fog

Large US banks reported results that topped estimates Tuesday as executives pointed to American economic resilience and said businesses were adapting to tariff uncertainty.

Fallen Austrian tycoon Benko charged with fraud

Austrian tycoon Rene Benko has been charged with fraud as part of a wide-ranging probe into the insolvency of his real estate empire, prosecutors said Tuesday.

Las Vegas Sands makes $8 bn Singapore bet with resort expansion

Casino operator Las Vegas Sands broke ground Tuesday on a new $8 billion project to expand its iconic Marina Bay Sands resort in Singapore, in a major bet on the city-state's tourism market.

Stock markets gain, dollar dips before US inflation

Stock markets mostly gained and the dollar eased Tuesday ahead of key US inflation data, and after Chinese economic growth data met expectations.

Tesla marks India entry with first showroom

Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world's most populous country, as Elon Musk's electric vehicle company seeks new customers amid sagging sales in the United States and Europe.

Ukraine covers frontline roads with anti-drone nets

A ravaged car with its engine destroyed and doors riddled with shrapnel lay on the side of the road near Dobropillia, a sleepy town not far from the front line in eastern Ukraine.

Markets mostly rise as China's economy meets forecasts

Most markets rose Tuesday as data showed China's economic growth met expectations, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.

Skidding Nissan to halt production at Japanese plant

Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year.

Ivory Coast farmers hope tech tempts jaded youth back to fields

Stopwatch in hand, dozens of Ivory Coast students raced against the clock to design robots for the farms of the future in the world's top cocoa-producing nation.

Hong Kong leader backs same-sex couples' rights bill

Hong Kong leader John Lee threw his weight behind a bill recognising limited rights for same-sex couples on Tuesday, despite fears that opposition from pro-Beijing parties could sink it.

Nvidia says it will resume sales of 'H20' AI chips to China

US tech giant Nvidia said on Tuesday it will resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had put a stop to exports.

Asian markets mixed as China's economy meets forecasts

Markets were mixed Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.

The China Mail - Economy (English)