China · Business
Same event, multiple sources, transparently cited.
-
Global Carmakers Lose Ground to Chinese EV Industry Amid Rising Competition
US, European, and Japanese carmakers face sharp market share losses and innovation challenges against China's growing EV sector.
-
Hong Kong surpasses Switzerland as top global hub for cross-border wealth in 2025
Hong Kong overtook Switzerland in 2025 as the largest global centre for cross-border wealth bookings, reaching nearly US$3 trillion.
-
Japan approves 513.5 billion yen subsidy for electricity and gas bills from July to September 2026
Japan's government approved about 513.5 billion yen to subsidize household electricity and gas bills for three months amid rising energy costs.
-
China's industrial profits climb 24.7% in April, fastest growth since November 2023
China's industrial profits rose 24.7% year-on-year in April 2026, marking the fastest pace since November 2023, driven by export growth and high-tech sectors.
-
Nvidia pledges up to $150 billion annually in Taiwan, calls it AI revolution hub
Nvidia CEO Jensen Huang announced plans to invest $150 billion per year in Taiwan, expanding operations and workforce there.
-
US to Seek Public Input on Tariff Cuts for $30 Billion of Chinese Goods
US Trade Representative Jamieson Greer announced plans to gather public comment on tariff reductions for $30 billion in Chinese non-strategic products.
-
SpaceX lowers IPO valuation target to $1.8 trillion ahead of June debut
SpaceX set a $1.8 trillion IPO valuation target, down from over $2 trillion, ahead of its expected June 11-12 Nasdaq debut.
-
Volvo Cars receives US Commerce approval to keep selling connected vehicles despite Chinese ownership
Volvo Cars won US Department of Commerce authorization to continue importing and selling connected vehicles amid restrictions on Chinese technology.
-
ECB Officials Expect 0.25% Rate Hike in June Amid Rising Inflation and Middle East Conflict
European Central Bank officials widely expect a 0.25 percentage point interest rate increase at the June 10-11 meeting to address rising inflation and economic risks.
-
Japan becomes world's third largest creditor nation behind Germany and China in 2025
Japan's net external assets reached a record ¥561.8 trillion in 2025, placing it third behind Germany and China.
-
Taiwan's drone exports jump nearly 20-fold to 181,159 units in early 2026
Taiwan exported 181,159 drones from January to April 2026, almost 20 times more than the same period in 2025, driven largely by shipments to Europe for Ukraine support.
-
Taiwan's stock market value surpasses India's, led by TSMC rally
Taiwan's stock market cap reached US$4.95 trillion on May 25, overtaking India's US$4.92 trillion, driven by strong gains in TSMC shares.
-
Starbucks Korea apologizes after 'Tank Day' promotion triggers boycott over Gwangju Uprising anniversary
Starbucks Korea faced nationwide boycott and fired its CEO after a controversial 'Tank Day' promotion coincided with the Gwangju Uprising anniversary.
-
EU to Fine Google Hundreds of Millions for Antitrust Breach Under DMA
The European Union plans to fine Alphabet's Google a high triple-digit million euro amount for violating the Digital Markets Act.
-
China’s April 2026 Economy Shows Divergent Growth in Industry and Consumer Spending
China’s economy in April 2026 grew sharply in industry and exports while retail sales rose slowly, continuing a K-shaped recovery pattern.
-
China's crackdown on cross-border trading threatens HK$250 billion in Hong Kong assets
China's May 22 crackdown on illegal cross-border stock trading targets up to HK$250 billion in Hong Kong assets, impacting major brokerages including Futu Holdings and Tiger Brokers.
-
Taiwan urges asset management industry to scale up to compete regionally
Taiwan's Financial Supervisory Commission calls for larger asset management firms to boost $630 billion industry competitiveness.
-
South Korea to launch first single-stock 2x leveraged ETFs on Samsung and SK Hynix
South Korea will debut its first 2x leveraged ETFs tracking Samsung Electronics and SK Hynix stocks on May 27.
-
Middle East oil and LNG tankers exit Strait of Hormuz amid US-Iran conflict
Several oil and LNG tankers left the Strait of Hormuz this week, resuming limited shipments amid ongoing US-Iran tensions.
-
China’s new yuan loans contract in April amid weak demand and seasonal slowdown
Chinese banks’ new yuan loans fell by 10 billion yuan in April 2026, the first monthly decline since July 2025, due to weak demand and seasonal slowdown.
-
Cathay Pacific to close boarding gates 15 minutes before departure starting June 1
Cathay Pacific will close boarding gates 15 minutes before departure and start boarding 5 minutes earlier at Hong Kong International Airport from June 1.
-
US Approves Nvidia H200 AI Chip Sales to Around 10 Chinese Firms amid CEO Visit
The US Commerce Department cleared about 10 Chinese companies to buy Nvidia's H200 AI chips during a visit by Nvidia CEO Jensen Huang to China.
-
Takeda to cut about 4,500 jobs globally in fiscal 2026 restructuring
Takeda Pharmaceutical plans to cut roughly 4,500 jobs worldwide in fiscal 2026 to centralize functions and reduce costs.
-
Nine-storey building collapse in Angeles City kills four, leaves 17 missing
A nine-storey building under construction collapsed early May 24 in Angeles City, Philippines, killing four and leaving at least 17 workers missing.