China · Business
Same event, multiple sources, transparently cited.
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Cyberattack on Nichirei disrupts supply chain for KFC Japan, Glico, and sushi chain
Nichirei, Japan’s largest frozen food logistics operator, suffered a cyberattack from mid-July causing shipment delays for major food clients.
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SpaceX Joins Nasdaq 100 Just 15 Trading Days After IPO Amid Volatile Trading
SpaceX was included in the Nasdaq 100 on July 7, 2026, 15 trading days after debut, triggering major index fund buying despite sharp stock volatility.
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World Bank to phase out lending to China by 2031 with $2 billion cap until then
The World Bank will gradually end lending to China by 2031, capping loans at $2 billion amid shifting economic ties.
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AI-driven memory shortage pushes Apple product prices up by 10% to 35%
Apple raised prices on MacBooks, iPads, and other products due to memory chip shortages from rising AI demand, while iPhone prices remain stable.
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Apple lowers Q4 sales forecast due to chip supply constraints; Qualcomm reports weaker Q3 results
Apple cut its Q4 revenue growth forecast citing semiconductor shortages, while Qualcomm reported a 4% revenue drop in Q3 and a cautious outlook for Q4.
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Shein posts $99 million Q1 loss as tariffs weigh ahead of Hong Kong IPO
Shein reported a $99 million loss in Q1 2026 amid rising tariffs and prepared for a Hong Kong IPO following regulatory approval.
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Apple launches Apple Upgrade device leasing program in US on July 28, 2026
Apple rolled out its new Apple Upgrade leasing program in the US on July 28 to boost hardware sales amid rising costs.
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Chinese Midea's PortaSplit portable AC tops European sales during record 2026 heatwaves
Midea's PortaSplit portable air-conditioner became a bestseller across Europe amid the hottest June on record, driving strong sales growth in multiple countries.
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Nationwide credit card system outage disrupts payments across Japan on July 16, 2026
A nationwide credit card payment outage in Japan on July 16 disrupted merchant transactions and transit app services from 8am to early afternoon.
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Japan raises visa fees fivefold and triples departure tax starting July 1, 2026
Japan increased visa application fees and departure tax on July 1, 2026, while reducing passport fees for citizens.
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US July private sector job growth slows sharply; official report shows unexpected decline
ADP reported 44,000 private sector jobs added in July, while the official government data showed a 23,000 job loss.
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China imposes stricter export controls on drones and sanctions US companies in retaliation
China tightened drone export controls and sanctioned six to seven US firms on August 5, 2026, amid escalating trade tensions with the US.
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ECB keeps interest rates steady but signals possible September hike amid Middle East energy shock
The European Central Bank held rates unchanged on July 23, citing uncertainty over inflation from Middle East energy disruptions.
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Asia-Pacific online scams caused up to $114 billion in losses in 2025, UN reports
Asia-Pacific residents lost between $88.3 billion and $114.1 billion to online scams in 2025, tripling losses from 2023, the UNODC said.
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DeepSeek Founder Liang Wenfeng Becomes World's Richest AI Model Creator
DeepSeek founder Liang Wenfeng's net worth doubled to $36 billion after a $7.4 billion funding round in June 2026.
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South Korea announces record 2027 budget over 800 trillion won amid AI chip boom and raises 2026 growth forecast to 3%
South Korea plans a record 2027 budget exceeding 800 trillion won, driven by rising AI chip tax revenues and raises 2026 GDP growth forecast to 3%.
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South Korean police raid Starbucks Korea HQ over 'Tank Day' marketing controversy
On August 5, 2026, Seoul police raided Starbucks Korea headquarters amid an investigation of the controversial 'Tank Day' campaign from May 2026.
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Jetstar to charge for overhead carry-on bags starting February 2027
Jetstar will charge passengers for carry-on bags stored in overhead lockers from February 2027, offering one free personal item per booking.
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Microsoft reports $90 billion revenue in Q4 2026 as Azure surpasses $100 billion annual revenue
Microsoft posted $90 billion in Q4 2026 revenue with Azure cloud exceeding $100 billion in annual revenue for the first time.
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Global tech and semiconductor stocks plunge on AI concerns and China chip tech rise
On July 28, global semiconductor shares fell sharply amid worries over AI investment and new Chinese chip technology advancements.
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South Korean Kospi plunges over 18% in two days amid chipmaker selloff, trading halts triggered
South Korea’s Kospi index fell over 18% across July 28-29, led by sharp drops in SK Hynix and Samsung Electronics shares, triggering consecutive trading halts.
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South Korea to Create Future Fund from Semiconductor Tax Windfall to Boost Growth and Cut Inequality
South Korea will establish a Future Response Fund using excess semiconductor tax revenues to finance mega projects and support youth by tackling economic inequality.
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US Job Growth Slows Sharply in June 2026 as Unemployment Rate Falls to 4.2%
US economy added 57,000 nonfarm jobs in June 2026, below forecasts, while unemployment dropped to 4.2%.
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EU imposes €3 customs charge on low-value e-commerce parcels from July 1, 2026
The European Union began charging a €3 customs fee per product category on low-value parcels under €150 from non-EU countries on July 1, 2026.