Leading international automakers saw an increase in new car sales in the United States during the second quarter as a result of improved supply and high demand, suggesting that the impact of rising interest rates has not yet been felt in a significant way.   After the pandemic affected the...

According to a private sector survey released on Wednesday, China's services activity grew at the weakest rate in five months in June as weaker demand slowed the post-pandemic recovery's momentum.   The purchasing managers' index (PMI) for services from Caixin/S&P Global dropped to 53.9...

As weaker demand pinched margins, annual profits for China's industrial firms continued a double-digit slide in the first five months, bolstering hopes for additional governmental help to speed up the sluggish post-COVID economic recovery.   Adding to the 20.6% year-over-year decline in...

Though some participants were dissatisfied with the progress made to address the debt of poorer states, a Paris meeting to explore revamping the world's financial system achieved several notable victories that should tee up further action before climate talks later this year.   Around 40...

In an effort to speed up its sluggish auto sales growth, China proposed on Wednesday a 520 billion yuan ($72.3 billion) package of tax incentives over four years for electric vehicles (EVs) and other green cars.   While financial help was widely anticipated following an earlier government...

Chinese financial institutions have jumped on an austerity drive as Beijing seeks to close the wealth gap, slashing pay and bonuses, telling employees not to wear fancy clothes and watches to work, and reining in travel and entertainment costs.   The measures are being taken as government...

According to an investor presentation by owner Elon Musk and incoming Chief Executive Linda Yaccarino, Twitter aims to concentrate on video, creative, and commerce partnerships to revitalise the social media company's business outside of digital advertising.   According to a source familiar...

On Thursday, in the midst of escalating Sino-U.S. animosity, South Korea reaffirmed support for its chip industry, with President Yoon Suk Yeol referring to the industry's competition as a "all-out war".   Yoon met with approximately 60 business executives, legislators, and ministers earlier...

Artificial intelligence-related stocks soared in extended session on Wednesday, increasing the market value by about $300 billion after chipmaker Nvidia Corp forecasted strong revenue growth and announced it was increasing production of its AI chips to keep up with rising demand.   After the...

As the world's semiconductor industry prepares for rising Sino-U.S. trade tensions, China's announcement on Sunday banning the use of some Micron Technology chips from the United States is a harsh reminder of the risks it faces.   China's action against Micron, the largest manufacturer of...

The situation on the bitcoin blockchain is getting hotter.   According to data from Glassnode, daily transactions have soared to an all-time high of 682,000 this month, over 40% higher than the previous peak in 2017. From 38% at the beginning of the year, Bitcoin's dominance, or its portion...