China · Business
Same event, multiple sources, transparently cited.
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Hong Kong banks tighten checks on mainland Chinese clients opening offshore accounts
Hong Kong banks have raised due diligence and restricted investment account openings for mainland Chinese clients amid Beijing’s clampdown on cross-border finance.
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China's new home prices stagnate or decline in July 2026 amid market challenges
New home prices in China's major cities were flat or declined in July 2026, ending a four-month rebound in top-tier markets amid broader sector weakness.
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Japan’s Q2 2026 GDP Growth Slows to 1.1% Annualized, Below Expectations
Japan's economy grew 1.1% annualized in Q2 2026, slower than expected, weighed down by weak domestic demand and falling capital expenditure.
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Hong Kong home prices hit 30-month high in April 2026 amid rising rents
Hong Kong private home prices rose for the 11th straight month to a 30-month high in April 2026, with rents also reaching record levels.
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Geely Auto Q2 Profit Rises About 36-37% on Export Growth Despite Weak China Sales
Geely Automobile Holdings reported a 36-37% profit rise in Q2 2026, driven by surging exports that offset weak domestic demand in China.
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China's Economy Slows in July with Weak Industrial Output, Retail Sales, and Investment
China's industrial production, retail sales, and fixed-asset investment all weakened in July amid rising unemployment and weather disruptions.
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18-year-old Belgian student discovers €9 million gold hoard during house renovation
Kobe, an 18-year-old student in Sint-Gillis-Dendermonde, Belgium, found a €9 million gold hoard sealed inside a cellar wall during renovation work.
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Bank of Japan likely to speed up rate hikes starting September amid global inflation and yen weakness
Bank of Japan raised its policy rate to 1% in June and is expected to accelerate hikes starting September 17-18, 2026.
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Galeries Lafayette closes Beijing flagship after 13 years amid China luxury slowdown
Galeries Lafayette closed its six-floor Beijing flagship store near the Forbidden City on May 27, 2026, after 13 years of operation.
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Hong Kong International Airport opens Terminal 2 to boost passenger capacity
Hong Kong International Airport opened Terminal 2 on May 27, 2026, to expand capacity and serve budget airlines.
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Explosion damages tanker Olympic Life off Oman coast; crew unharmed
An external explosion damaged the tanker Olympic Life about 60 nautical miles off Muscat, Oman, but the crew remained safe.
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Xiaomi Reports Sharp Q1 2026 Profit Drop Amid Rising Memory Chip Costs
Xiaomi's Q1 2026 net income fell sharply due to higher memory chip prices and smartphone sales declines, while EV business revenue rose 5.1%.
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China executes Xu Yao for murder of gaming tycoon Lin Qi
Chinese authorities executed Xu Yao for poisoning and killing billionaire gaming tycoon Lin Qi in May 2026.
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Indonesian Gold Miner Merdeka Gold Plans Hong Kong Debut via Hong Kong Depositary Receipts
PT Merdeka Gold Resources aims to raise at least US$500 million with a Hong Kong listing using depositary receipts by June 2026.
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Unitree Robotics Fast-Tracks IPO on Shanghai Star Market with $6.2 Billion Valuation Target
Unitree Robotics is fast-tracking its IPO on Shanghai’s Star Market, aiming for a $6.2 billion valuation, with review set for June 1, 2026.
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China enforces stricter controls on overseas stock trading to curb capital outflows
China tightened rules on overseas stock trading to limit capital flight amid rising mainland investor demand.
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Elon Musk Owns 48.4% of SpaceX Worth Over $900 Billion After June 2026 IPO
Elon Musk held a 48.4% stake in SpaceX valued above $900 billion following the company’s June 12 IPO raising $85.7 billion.[s1,s3]
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Nvidia eyes $3 billion investment in SoftBank's SB Energy for OpenAI Ohio data center project
Nvidia is negotiating to invest up to $3 billion in SB Energy to support OpenAI's Ohio data center development and planned IPO.
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ECB's Yannis Stournaras calls for balanced monetary policy to support growth
ECB Governing Council member Yannis Stournaras urged avoiding overly restrictive policy that could hurt economic activity and investment.
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Silicon Valley firms face soaring AI token costs amid uncertain productivity gains
Silicon Valley tech companies report sharp rises in AI token spending with unclear productivity benefits, as Uber exhausts its 2026 AI budget by April.
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Meta cuts 8,000 jobs, shifts 7,000 employees to AI teams in restructuring
Meta announced it will lay off 8,000 employees and reassign 7,000 to AI roles as part of an AI-focused overhaul.
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High-income Americans adopt 'save small, spend big' trend amid economic pressures
High-income US households spend more on experiences and apparel while cutting daily expenses amid inflation.
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EasyJet Cabin Crew Strike in France Causes About 100 Flight Cancellations
EasyJet cabin crew in France began a strike on August 15 over last-minute schedule changes, cancelling around 100 flights across several airports.
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At least 7 workers killed in tunnel collapse at Vishnugad-Pipalkoti hydro project in India
A tunnel collapsed at an Indian hydroelectric project on August 13, killing at least 7 workers and trapping others, rescue operations continue.