China · Business
Same event, multiple sources, transparently cited.
-
Samsung Electronics Q2 Operating Profit Soars 19-Fold to Record 89.4 Trillion Won
Samsung Electronics reported a record Q2 2026 operating profit of 89.4 trillion won, driven by strong AI memory chip demand.
-
EU fines AliExpress €550 million for failing to block illegal and counterfeit products
The European Union fined Alibaba's AliExpress €550 million for not preventing the sale of illegal and counterfeit products, the largest penalty under the Digital Services Act.
-
China's Q2 2026 GDP grows 4.3%, missing annual targets amid weak domestic demand
China's GDP rose 4.3% year-on-year in Q2 2026, the slowest pace since late 2022, falling short of official growth targets.
-
US-Iran Talks Advance Toward Reopening Strait of Hormuz Amid Tensions
US and Iran-linked officials say a deal to reopen the Strait of Hormuz could be reached by August 5 after months of closure.
-
Microsoft to cut 4,800 jobs, restructures Xbox division and divests four studios
Microsoft announced 4,800 global layoffs including 3,200 Xbox jobs, with major restructuring and divestment of four Xbox game studios.
-
UK may intervene in Paramount's $110 billion Warner Bros Discovery takeover
UK government could refer Paramount's $110 billion Warner Bros Discovery takeover to antitrust regulator after raising concerns.
-
Singapore Airlines and Air China sign MOU to expand joint venture and codeshare
Singapore Airlines and Air China signed an MOU June 29 to deepen partnership and expand codeshare flights and services between Singapore and China.
-
Nearly One Million People Became Millionaires Globally in 2025, UBS Reports
Global personal wealth surged 10.8% in 2025, adding nearly one million new millionaires worldwide.
-
Maersk raises 2026 earnings forecast citing strong container demand and US tariff surge
Maersk raised its 2026 full-year EBITDA guidance to $8-10 billion, driven by accelerated shipments from China to the US ahead of new tariffs.
-
Taiwan raids Super Micro, affiliates in probe of illegal Nvidia AI chip exports to China
Taiwanese authorities raided Super Micro and affiliates on June 29 in an expanded smuggling probe involving Nvidia AI chips sent to China.
-
Apple supplier Luxshare seeks up to HK$24.3 billion in Hong Kong listing
Luxshare Precision Industry aims to raise up to HK$24.3 billion through a Hong Kong share sale starting in early July.
-
EU and China agree to continue talks to address growing trade imbalance
The EU and China held talks June 29, agreeing to maintain dialogue and set working groups to tackle rising trade tensions.
-
China's Factory Activity Expands in June Fueled by AI-Driven Exports
China's manufacturing PMI rose to 50.3 in June 2026 as AI-linked exports boosted factory growth after months of stagnation.
-
Japanese yen falls to 40-year low against US dollar despite Bank of Japan rate hike
The Japanese yen dropped to its weakest level since 1986, hitting around 162 yen per US dollar in late June and early July 2026 amid persistent depreciation pressures.
-
Global tech and semiconductor stocks see sharp volatility amid geopolitical tensions and earnings reports
Asian and US tech markets experienced heavy swings from late June to early July, driven by Apple price hikes, earnings, and geopolitical factors.
-
EU and China launch trade talks with October deadline for progress
EU and China began talks on June 29 in Brussels to establish a new trade consultation mechanism aiming for results by October.
-
New World Development and Ares Management slash Hong Kong office tower prices by up to 57%
New World Development and Ares Management cut prices on units at 83 Wing Hong Street office tower in Cheung Sha Wan by up to 57%.
-
China and India’s top firms lose market cap share amid AI lag, Asia markets diverge
China and India’s top 10 companies’ market cap share fell over the past year as AI-led rivals in Taiwan and South Korea surged.
-
Chinese autonomous driving firm Momenta launches HK IPO to raise HK$5.89 billion
Momenta Global, Chinese autonomous driving company, launched its Hong Kong IPO on June 29 aiming to raise HK$5.89 billion.
-
Japan’s retail sales rise 1.9% in May for third straight month
Japan’s retail sales increased 1.9% month-on-month and 5.3% year-on-year in May 2026, marking the third consecutive monthly gain.
-
China's Industrial Profits Rise 21.1% in May 2026, Slowing From April Peak
China's industrial profits grew 21.1% year-on-year in May 2026, slowing from 24.7% in April but remaining strong amid uneven sector performance.
-
Investor Jeremy Grantham predicts bitcoin will slowly fade as price falls below $60,000
Jeremy Grantham said bitcoin is a speculative asset with no practical use and forecast a gradual decline over decades as its price falls sharply.
-
Mercedes-Benz and GIC to back Chinese autonomous driving firm Momenta’s Hong Kong IPO
Chinese autonomous driving startup Momenta plans a Hong Kong IPO backed by Mercedes-Benz and Singapore's GIC.
-
Major Chinese Banks Suspend Retail Gold Trading Services Amid Volatility
Several Chinese banks halted retail precious metals trading amid sharp gold price swings in June 2026.