The China Mail - Economy

Oil extends gains on US-Iran tensions, Europe stocks slide

Oil prices pushed higher Thursday on worries that nuclear talks between United States and Iran might not avert a new conflict that could threaten supplies.

OpenAI's Altman tells leaders regulation 'urgently' needed

The world urgently needs to regulate artificial intelligence, OpenAI head Sam Altman said Thursday at a summit in New Delhi to address the risks and opportunities posed by the fast-evolving technology.

Airbus ready to build two new European fighter jets if 'customers' ask

Airbus, which represents Germany and Spain in the multibillion-euro FCAS warplane programme, will support a proposal to instead build two separate jets if the countries participating in the project request it, chief executive Guillaume Faury said Thursday.

OpenAI's Altman says at India summit regulation 'urgently' needed

The world urgently needs to regulate artificial intelligence, OpenAI head Sam Altman said on Thursday at a summit in New Delhi on the risks and opportunities posed by the fast-evolving technology.

Horror comics boom in our age of anxiety

Horror sells right now. Having swept the film, television and video game industries, it is also a winning formula in the world of comics. Just ask James Tynion IV.

Turkey fires up coal pollution even as it hosts COP31

Kaddafi Polat rarely mentions his own health after decades of breathing the polluted air blanketing his village beneath the towering chimneys of a coal‑fired power plant in southern Turkey. What troubles him most is his children.

London fashion week opens with tribute to one of its greats

London Fashion Week, better known for nurturing new talent than for its big-name shows, kicks off on Thursday with a tribute to one of its stalwarts Paul Costelloe.

Private companies seek to import fuel amid Cuban energy crisis

Faced with a severe energy crisis exacerbated by US sanctions, private companies in Cuba are attempting to import fuel after the island's government agreed to end its monopoly on the sector.

Airbus planning record commercial aircraft deliveries in 2026

Plane maker Airbus aims to deliver a record number of commercial aircraft this year, the company said Thursday, capitalising on "strong demand" and a jump in profit in 2025.

Tech chiefs address India AI summit as Gates cancels

Indian leader Narendra Modi and tech chiefs including OpenAI's Sam Altman will speak Thursday on artificial intelligence's opportunities and threats at a summit in New Delhi, but Microsoft founder Bill Gates cancelled just hours before his speech.

General strike to protest Milei's labor reforms starts in Argentina

Argentina's Javier Milei faces the fourth general strike of his term Thursday, this time by workers protesting a labor reform bill pushed by the budget-slashing president and set to be debated in parliament.

Asian markets rally after Wall St tech-led gains

Tech firms led gains across Asian equities Thursday following a positive lead from Wall Street, where traders also welcomed strong US data that suggested the world's top economy remained in rude health.

Afghan barbers under pressure as morality police take on short beards

Barbers in Afghanistan risk detention for trimming men's beards too short, they told AFP, as the Taliban authorities enforce their strict interpretation of Islamic law with increasing zeal.

Walmart results expected to highlight big plans for AI

Fresh off of achieving a $1 trillion market value, Walmart will report earnings Thursday as markets look for signs the retail giant can accelerate growth with the aid of artificial intelligence.

Oil prices jump on toughening US posture on Iran as US stocks advance

Global stock markets rose Wednesday as traders assessed company earnings and economic data, while oil prices surged more than four percent on a toughening US posture towards Iran.

U2 slam ICE, Putin in new 'Days of Ash' EP

Irish rockers U2 released their first collection of new songs in nearly a decade on Wednesday, featuring a collaboration with singer Ed Sheeran and a Ukrainian musician and soldier.

Global stocks, oil rise tracking company earnings, data

Global stock markets rose Wednesday as traders assessed company earnings and economic data, while oil prices barreled ahead three percent following US-Iran talks.

Polish bishop goes on trial for paedophilia cover-up

A Polish bishop went on trial Wednesday for allegedly covering up paedophilia by priests in his diocese in a landmark case for the deeply Catholic country.

Global stocks rise tracking company earnings, data

Global stock markets rose Wednesday as traders assessed company earnings and economic data, while oil prices ticked higher following US-Iran talks.

Glencore still open to 'mega-miner' deal after Rio collapse

Swiss resources giant Glencore is still open to a transformative merger with another mining group, its CEO said Wednesday, two weeks after dropping a plan to combine with British-Australian miner Rio Tinto.

UEFA to investigate alleged racist abuse of Vinicius

UEFA said on Wednesday it would "investigate allegations of discriminatory behaviour" after Real Madrid forward Vinicius Junior accused Benfica's Gianluca Prestianni of racially abusing him during a Champions League match in Lisbon.

Spanish police arrest hacker who booked luxury hotels for one cent

Spanish police said Wednesday they had arrested a 20-year-old man who allegedly hacked a hotel booking website to reserve luxury rooms for as little as one cent, in the first known cybercrime of its kind.

Germany's Merz casts doubt on European fighter jet plan

Germany does not need the same new fighter jets as France, Chancellor Friedrich Merz said Wednesday, signalling that Berlin could abandon a flagship joint defence project for Europe.

European stocks rise tracking company earnings, data

European stock markets rose Wednesday as traders assessed company earnings and economic data, while oil prices ticked higher following US-Iran talks.

French designer threads a path in London fashion week

Just days before her third runway show, French designer Pauline Dujancourt was riding a wave of excitement and nerves.

Junk to high-tech: India bets on e-waste for critical minerals

Hundreds of discarded batteries rattle along a conveyor belt into a crusher in a remote plant in northern India, fuelling a multi-billion-dollar industry that is bolstering the country's geopolitical ambitions.

Struggling farmers find hope in India co-operative

Kiran Ramnath Waghchaurebeams as he plucks deep-red grapes from his vines in India's Maharashtra state, one of thousands of farmers reaping the benefits of a cooperative bringing hope to a long-suffering sector.

Asian stocks up, oil market cautious

Asian stocks rose Wednesday, while the oil market was cautious after prices dropped in the wake of Tehran's upbeat response during talks with US officials on Iran's nuclear programme.

UK manufacturers struggle under sky-high energy bills

Molten glass drops through chutes before being blown into bottles at manufacturer Encirc's northwest England plant, where intensive operations are under strain from exorbitant energy prices weighing on Britain's heavy industry.

New tech and AI set to take athlete data business to next level

From tracking the trajectory and speed of a footballer's strike to monitoring a Tour de France rider's real-time power output, performance athlete data is deepening its reach in sports, with specialised firms eyeing to score big business.

Afghan woman's boutique brightens Bamiyan

With women banned from most jobs in Afghanistan, an embroidery boutique run by 22-year-old Rahima Alavi is a surprising and treasured sight in Bamiyan.

Real's Vinicius hits out at 'cowards' after racism storm against Benfica

Match-winner Vinicius Junior hit out at "cowards" after accusing Benfica's Gianluca Prestianni of racially abusing him during Real Madrid's 1-0 Champions League play-off first leg victory in Lisbon on Tuesday.

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