Foxconn, the world’s largest contract electronics maker, reports that its profit rose 35%. The company links the increase to demand for artificial intelligence. It forecasts strong growth in 2026 as the AI boom continues to drive its business.
AAl JazeeraOriginal★★★☆☆2026-08-12 07:58
The Pinglu Canal began live-ship trials on Wednesday. It is China’s first major river-to-sea canal to be included in a national development plan. The trials represent the final major test before the waterway begins carrying traffic. The canal is scheduled to open in September.
C
China News ServiceOriginal★★★☆☆2026-08-12 07:49
Hong Kong formally opened its Economic and Trade Office in Kuala Lumpur on Tuesday. The new office is intended to deepen connections with Malaysia and strengthen ties with the wider ASEAN region. The opening expands Hong Kong’s economic and trade presence in Southeast Asia.
CChina News ServiceOriginal★★☆☆☆2026-08-12 07:42
Organizers said the 29th Chengdu International Automobile Exhibition will take place from Aug. 21 to 30. Also known as the Chengdu Motor Show, the event will be held at Western China International Expo City in Sichuan Province. Nearly 120 automobile brands are expected to participate in the exhibition.
CChina News ServiceOriginal★★☆☆☆2026-08-12 07:40
China’s imports grew 22% year on year during the first seven months of 2026, according to data from the General Administration of Customs. Import growth exceeded export growth by 8 percentage points over the same period. The figures point to a stronger expansion of inbound trade. They also frame China’s shift from a manufacturing-centered role toward a larger role as a market.
CChina News ServiceOriginal★★★☆☆2026-08-12 07:36
Pakistan says the United States and Iran are close to reaching an agreement concerning the Strait of Hormuz. Oil prices nevertheless held their gains after rising for a sixth consecutive day. Investors remain skeptical that a deal would quickly restore energy flows through the strategic waterway. The uncertainty around the potential arrangement continues to shape energy-market expectations.
B
Bloomberg NewsOriginal★★★★☆2026-08-12 07:30
N. Chandrasekaran, chairman of India’s Tata Sons, said on Wednesday that he had resigned. He cited the board’s failure to approve his reappointment as the reason for his departure. The resignation comes amid tensions with the charity arm that controls the Tata Group, whose businesses range from salt to aviation.
R
ReutersOriginal★★★☆☆2026-08-12 07:15
Shares of Tata Group companies extended their decline on Wednesday, falling as much as 4%. The selling followed the resignation of N. Chandrasekaran as chairman of Tata Sons. His departure sparked a selloff across the conglomerate’s listed companies, sending their stocks lower. The market reaction spread beyond the parent company to other publicly traded Tata businesses.
India’s Tata Sons Chairman N. Chandrasekaran has stepped down, according to a source directly familiar with the matter. The source said he will nevertheless remain in place until his current term ends. No reason for the resignation or details about a successor were provided.
U.S. consumer prices were likely to rise moderately in July as gasoline prices softened. The expected increase could further weaken financial-market expectations that the Federal Reserve will raise interest rates this year. The reading points to easing pressure from fuel costs, while markets continue to assess the outlook for monetary policy.
RReutersOriginal★★★☆☆2026-08-12 07:00
Chinese officials are working urgently to address a longstanding problem hanging over the property sector. The issue is linked to leases coming to an end and is described as a $148 billion threat. Efforts are now focused on finding a way to resolve the risk facing the industry.
BBloomberg NewsOriginal★★★☆☆2026-08-12 07:00
The fast expansion of artificial intelligence is creating a fresh surge in electricity demand. That pressure is bringing nuclear power back into the spotlight. China is therefore turning to nuclear energy as a possible way to support the power needs of the AI era.
CChina News ServiceOriginal★★☆☆☆2026-08-12 06:36
Guangdong’s electricity demand reached a new record during a prolonged heatwave. The provincial power load climbed to 175.7 million kilowatts at 1:47 p.m. on Tuesday. Guangdong Power Grid, part of China Southern Power Grid, said this marked the fourth time the provincial grid has set a new high this year.
CChina News ServiceOriginal★★☆☆☆2026-08-12 06:17
China’s pharmaceutical sector is rising, drawing growing interest from drugmakers around the world. The report examines why global companies are moving into China’s pharma market. It focuses on the factors behind this international investment. No specific deal or company is identified in the headline.
C
CGTNOriginal★★☆☆☆2026-08-12 06:02
Water levels on the Rhine River are continuing to fall, with no relief currently in sight. Companies that depend on the waterway are being pushed to respond quickly. Their adjustments are aimed at keeping goods moving despite the worsening conditions. The situation is placing immediate operational pressure on industries tied to Rhine shipping.
BBloomberg NewsOriginal★★☆☆☆2026-08-12 06:00
An APEC-related service in Shenzhen offers shoppers a faster tax-refund process. Visitors can complete the refund procedure within five minutes after making a purchase.
CCGTNOriginal★★☆☆☆2026-08-12 05:47
Only eight vessels were tracked in the Strait of Hormuz on Tuesday, the lowest count in a week, according to shipping data. Owners have been avoiding the vital waterway as hostilities continue in the Middle East. The reduced traffic reflects the disruption caused by the ongoing regional tensions.
RReutersOriginal★★★★☆2026-08-12 05:40
Brent crude prices have climbed after renewed attacks weakened expectations that the Strait of Hormuz would reopen. The violence has also reduced hopes that energy markets will return to stability. Market sentiment remains focused on the strategic waterway and the risks its disruption poses to energy flows.
Iranian Supreme National Security Council Secretary Rezaei reiterated on the 11th that the Strait of Hormuz would not be opened unless the United States ended its maritime blockade and fighting. The US side has presented a different position. Washington and Tehran continue to make opposing claims over the strait, while the standoff remains unresolved.
The US military said on Tuesday that it had struck a Panama-flagged vessel attempting to approach an Iranian port. Washington said the ship was violating its blockade of Iranian ports. President Donald Trump again claimed that the United States had “total control” of the Strait of Hormuz. The latest developments in the Middle East are being followed through a continuing live update.
The United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping as hopes for ending the months-old Iran war weakened. Iran said the Strait of Hormuz would stay closed unless Washington accepted its conditions. Four crew members and two Yemeni rescuers were reportedly killed in a suspected Houthi attack, while the US said it fired missiles to disable a Panama-flagged cargo ship accused of violating a blockade on Iranian ports.
Iran’s top security official says the Strait of Hormuz will remain closed unless the United States meets Iran’s conditions. The statement came as Pakistan’s Naqvi visited Tehran. Iran is therefore maintaining its position that reopening the strategic waterway depends on US compliance with its demands.
US President Donald Trump said the Strait of Hormuz is under complete US control. He warned that the United States would strike Iran if Tehran attempted to alter that situation.
Japan has turned back mango shipments, China has blocked rice, and European inspectors have flagged spices. These actions are prompting Indian growers to ask what is going wrong with the country’s agricultural exports. The developments point to mounting concerns across several overseas markets about Indian farm products.
AAl JazeeraOriginal★★★☆☆2026-08-12 05:34
European and global markets face a new trading day with attention fixed on several hot spots. Investors are also looking ahead to the release of consumer price data. The market outlook weighs geopolitical tensions alongside the approaching CPI report.
RReutersOriginal★★☆☆☆2026-08-12 04:40
Australia’s prime minister, Anthony Albanese, and New South Wales premier Chris Minns are preparing a major bailout for the country’s largest aluminium smelter. The proposed deal could be worth up to $2.5bn. Rio Tinto, which operates the Tomago aluminium smelter in New South Wales, said in December that it was considering ending operations when its current electricity supply contract expires. The package is expected to be announced by the two leaders.
TThe GuardianOriginal★★★☆☆2026-08-12 04:29
Repeated debilitating heatwaves during the summer may have cost the UK economy more than £4bn in lost output by the end of July, according to new analysis. Green thinktank Verdant previously estimated that June’s unusually hot weather had cost £2.36bn. After incorporating last month’s high temperatures, it now puts the loss at £4.4bn. Verdant says the annual cost could exceed £25bn by 2030, and calls for a maximum working temperature and urban redesign aimed at cooling cities.
TThe GuardianOriginal★★★☆☆2026-08-12 04:00
The 2026 Amazon Global Selling North China Seller Conference was held Tuesday in Qingdao, Shandong Province. More than 1,000 cross-border sellers, service providers and corporate representatives from northern China attended the gathering. The conference presented a plan aimed at helping local industrial belts expand further into overseas markets.
CChina News ServiceOriginal★★☆☆☆2026-08-12 03:54
Investors worried that the memory-chip boom will eventually cool are turning their attention to Samsung and SK Hynix. The manufacturers may have identified a new way to defend against that downturn by returning more cash to shareholders. The approach puts capital distributions at the center of the debate over how chipmakers can weather an inevitable slowdown.
BBloomberg NewsOriginal★★☆☆☆2026-08-12 03:30
The China (Inner Mongolia) Pilot Free Trade Zone established a new Cattle and Sheep International Sourcing and Sales Alliance on Tuesday. The alliance brings together activity focused on international sourcing and sales in the cattle and sheep trade under the pilot zone. Its launch adds an organized platform for related trade cooperation in Inner Mongolia.
CChina News ServiceOriginal★★☆☆☆2026-08-12 03:20
A village has discovered a path to prosperity through green development. The story highlights the economic gains associated with this approach. It presents green development as the basis for the village’s newfound wealth.
CCGTNOriginal★☆☆☆☆2026-08-12 03:18
Yunnan Province exported 1,857.1 metric tons of fresh edible fungi during the first seven months of the year. Kunming Customs said the shipments went to 26 countries and regions, including Japan, Germany and Vietnam. Export volume increased 24.7% from the same period a year earlier.
CChina News ServiceOriginal★★☆☆☆2026-08-12 02:40
Oil and gold prices moved higher on Wednesday as geopolitical tensions intensified. Regional share markets also edged up, though trading remained nervous. Investors were looking ahead to the release of key U.S. inflation data. The market moves reflected heightened concern before the CPI figures. No further details were provided on the specific geopolitical developments driving the tension.
RReutersOriginal★★☆☆☆2026-08-12 02:30
A senior strategist at Bank of New York Mellon has devised a new way to gauge the yen through the price of a Japanese fast-food staple. The so-called Katsu Curry Index is intended to provide a more accurate picture of the currency’s weakness. Its use comes as the effects of recent intervention begin to fade.
BBloomberg NewsOriginal★★☆☆☆2026-08-12 01:45
China’s export structure is undergoing a shift toward more advanced mechanical and electrical products. Economists and exporters say high-tech, green and high-value goods are becoming fresh drivers of growth as global trade barriers increase and supply chains remain uncertain.
CChina News ServiceOriginal★★★☆☆2026-08-12 01:29
Gen Z visitors are exploring how Guizhou is connecting its local industries with consumers around the world. In Jiangkou County in Tongren, local authorities describe a matcha refining facility as the world’s largest single-site operation of its kind. Its fully automated production lines process finely ground green tea for domestic and overseas consumers. The facility presents matcha production as part of the region’s route into global markets.
CChina News ServiceOriginal★★☆☆☆2026-08-12 01:10
Currency traders are increasing bullish options positions on the Taiwan dollar. The move points to a change in market sentiment after the currency endured its weakest July since 2015. Investors are positioning for the Taiwan dollar to recover from that recent decline. The options activity signals growing confidence in a rebound.
BBloomberg NewsOriginal★★☆☆☆2026-08-12 01:00
US forces disabled a Panama-flagged cargo ship that was trying to sail toward an Iranian port. The vessel was described as violating Iran’s blockade. The action involved missile fire by the United States. It was reported amid the ongoing Iran war.
AAl JazeeraOriginal★★★★☆2026-08-12 00:00
The US Central Command says it disabled a vessel that tried to break the blockade on Iran. According to the military, the ship was traveling toward an Iranian port through the Gulf of Oman. It allegedly ignored repeated warnings issued during the voyage. The report characterizes the action as a response to the vessel’s attempted breach.
The US Central Command says a helicopter fired on a cargo vessel that was attempting to break Iran’s blockade. According to the command, the helicopter struck the engine room of the Panama-flagged ship. The incident took place in the Gulf of Oman. US officials said the action was intended to disable the vessel and stop it from continuing. The account comes from the US military command.
The US military says it opened fire on a cargo ship that allegedly tried to breach an Iranian blockade. CENTCOM said a helicopter targeted the engine room of the Panama-flagged Vela Nova. The incident occurred as diplomacy between Washington and Tehran remained stalled. The account places a maritime confrontation alongside the continuing diplomatic deadlock.
U.S. President Donald Trump accused Iran of being “devious negotiators” in an interview released late Monday. He outlined some of the options he says are under consideration in the current war. They include continuing to “bop along” while allowing Tehran to fail economically, or hitting Iran “really, really hard.” His remarks presented the alternatives in notably forceful terms.
Pakistan said on Tuesday that the United States and Iran were nearing “some sort” of agreement. Qatar, which is also acting as a mediator, said discussions on managing the Strait of Hormuz had reached an advanced stage. The comments came despite reports of fresh attacks on shipping in regional waters. Diplomatic efforts are therefore continuing alongside renewed maritime security concerns.
A US military helicopter enforcing a blockade reportedly fired on a ship attempting to get through it. The report says the crew ignored warnings issued by the US side. The helicopter then targeted the vessel’s rudder with gunfire. No further consequences from the incident were provided.
A U.S. military helicopter fired at the rudder of a Panama-flagged vessel after its crew failed to heed warnings, the Wall Street Journal reported. The warnings came from personnel involved in enforcing a naval blockade on Iranian ports, according to a U.S. official cited by the newspaper. The reported incident describes an armed attempt to stop the ship from breaking the blockade. No further details about the vessel’s condition were provided.
Iran and the United States have introduced new conditions in talks concerning the Strait of Hormuz. The negotiations have stalled as the two sides pursue competing demands. That impasse is reducing the prospects of reopening the crucial waterway. Oil prices have surged amid the stalled discussions.
World shares were broadly lower while oil prices gained more than 2%, following a 5% surge on Monday. Crude markets were being driven higher by uncertainty over when the Strait of Hormuz might reopen and allow oil shipments to resume. The questions surrounding the waterway are adding pressure to energy prices as investors watch for signs of renewed flows.
Qatari Foreign Ministry spokesperson Majed Al Ansari said Iran is drafting an announcement on its continuing talks with Oman. Qatar supports any understanding that secures the Strait of Hormuz and prevents it from being used for political blackmail. The talks concern navigation arrangements, safe shipping, environmental issues, maritime services and crime prevention.
US President Donald Trump has taken a tougher position toward Iran while talks continue over reopening the Strait of Hormuz. He declared that the Islamic Republic must pay reparations for attacks carried out in the past. The demand complicates prospects for an agreement on the strategic waterway and casts doubt on hopes that negotiations will produce a deal.
Donald Trump is sending conflicting signals about his strategy toward Iran.
Global youth unemployment rose in 2025, the International Labour Organization said. Slower economic growth, geopolitical tensions and weak job creation made it more difficult for young people to secure work. The agency warned that artificial intelligence could add to growing pressures on labour markets.
RReutersOriginal★★★★☆2026-08-11 22:35
Norway’s $2.3 trillion wealth fund has disclosed for the first time that it held a 0.05% stake in SpaceX. The holding was valued at $1.22 billion as of June 30. The fund, the world’s largest, included the investment in an updated list of holdings released on Tuesday.
RReutersOriginal★★☆☆☆2026-08-11 21:10
The US Department of Energy has lifted its outlook for the 2026 Brent oil price to $86.81. The authority expects most production to recover by early 2027.
T
TASSOriginal★★☆☆☆2026-08-11 21:08
Bond traders reduced measures of credit risk tied to Nvidia after the company clarified its role in a $500 billion financing plan. Nvidia said it would cap its exposure to the arrangement. The plan is intended to fund artificial-intelligence investments that are boosting demand for the company’s computer chips.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 21:00
African-focused startups are on course for their strongest fundraising year on record. A new report says investment jumped sharply during the first six months of the year. Healthcare and electric-vehicle companies are helping drive the increase. The surge points to renewed investor appetite for technology businesses across the continent.
BBloomberg NewsOriginal★★★☆☆2026-08-11 20:00
Mortgage rates are already elevated. The item explains why borrowers may face even higher rates ahead. It also flags additional topics, including the use of artificial intelligence in human resources and parents hiring sorority coaches. The coverage presents these as part of a broader set of developments alongside the mortgage-rate outlook.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 19:30
TikTok influencers are promoting a tax strategy associated with the ultrawealthy to everyday investors. Long-short tax harvesting can be a winning approach for rich investors, but its value for everyone else is far less certain. The pitch presents an elite financial tactic as something ordinary people may be able to use, while leaving questions about whether the results transfer beyond the wealthy.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 19:00
Paramount CEO David Ellison has warned that the company could move its operations out of California, according to reports. The warning is conditional on the US state agreeing to talks. Ellison’s remarks come as a merger involving Paramount remains stalled. He is pressing for a dialogue with California as the deal faces continued delay.
AAl JazeeraOriginal★★★☆☆2026-08-11 18:34
Russia’s central bank says it has added Bitcoin, Ethereum, and Tether’s USDT to the cryptocurrencies permitted for exchange trading. The regulator also indicated that retail investors will face limits under the arrangement. Its statement did not specify what form those restrictions will take.
MMeduzaOriginal★★★☆☆2026-08-11 18:04
The Bank of Russia has listed Bitcoin and other cryptocurrencies for public trading. Under the law, the selection process considers each cryptocurrency’s market capitalization, average daily trading volume and pricing history on foreign exchanges. These criteria define which digital assets can be made available to the public under the reported framework.
The Bank of Russia has placed Bitcoin, Ethereum and Tether on a list of cryptocurrencies available for public trading. The regulator has also imposed an annual limit on cryptocurrency purchases by non-qualified investors. Their purchases will be capped at $3,632 per year. The measures were announced by the Russian central bank.
New data from the Federal Reserve Bank of New York shows that an increasing number of Americans are falling further behind on their home and car loan payments. The level of delinquency is worse than at any point during the past decade. The figures point to mounting repayment difficulties among borrowers. Both housing and auto loans are affected by the worsening trend.
C
CNNOriginal★★★☆☆2026-08-11 17:30
Phillips 66, Kinder Morgan and HF Sinclair have agreed to move forward with the proposed $5 billion Western Gateway Pipeline system. The companies said on Tuesday that they had also finalized a joint venture agreement for the project. Their decision advances the planned pipeline system through a formal three-company partnership.
RReutersOriginal★★☆☆☆2026-08-11 17:05
A record number of German drivers are moving to electric vehicles as fuel prices rise. The increase is attributed to the US-Israeli war on Iran, which has triggered a sharp jump in fuel costs. Higher prices are accelerating a shift away from conventional vehicles. The conflict is therefore influencing consumer choices in Germany’s car market.
BBloomberg NewsOriginal★★★☆☆2026-08-11 17:00
US consumers borrowed a record amount through auto loans in the second quarter, according to the New York Fed. Its latest household debt and credit report, released on Tuesday, also showed increases in credit card balances and home equity balances. The figures point to broader growth in household borrowing during the period.
RReutersOriginal★★★☆☆2026-08-11 16:45
A report says all of Belgium’s liquefied natural gas imports in July came from Russia. Ukrainian civil society network B4Ukraine described the situation as “deeply shameful.” The group criticized EU countries for continuing to send billions of euros to Russia for fossil fuels. Its statement linked Belgium’s LNG purchases to broader European spending on Russian energy.
TThe Kyiv IndependentOriginal★★★☆☆2026-08-11 16:25
Sales of previously occupied homes in the United States slowed again in July, declining 1.7%. Record-high prices and mortgage rates at their highest level in more than a year have become an insurmountable obstacle for many prospective buyers. The figures point to continued pressure on demand in the housing market.
T
The Associated PressOriginal★★★☆☆2026-08-11 15:45
U.S. existing home sales dropped for the second consecutive month in July. A rebound is expected to remain limited as mortgage rates stay higher and available housing remains tight. Those conditions are likely to restrain any recovery in the market, even if sales begin to stabilize.
Brazil’s annual inflation rate eased in July, broadly matching market expectations. Data released by the statistics agency IBGE showed that inflation moved back within the central bank’s tolerance range. The report attributed the continued moderation to the effects of tight monetary policy filtering through the economy. The figures indicate that price pressures have softened as those policy effects continue to take hold.
RReutersOriginal★★★☆☆2026-08-11 15:05
Nvidia is partnering with Wall Street to help its customers finance artificial intelligence infrastructure. The arrangement would allow those customers to borrow more than half a trillion dollars for construction.
CCNNOriginal★★☆☆☆2026-08-11 15:01
The Reserve Bank of Australia may believe another interest-rate increase will not be necessary. Yet the article argues that openly declaring this could be the worst thing the bank does. Its communication is likened to a parent threatening consequences to make children behave, while hoping not to follow through. The RBA may therefore be keeping the possibility of another hike alive, even if it has no real intention of using it. The focus is on the tension between policy expectations and the bank’s public messaging.
TThe GuardianOriginal★★☆☆☆2026-08-11 15:00
Germany’s long-established car brands, including BMW and Mercedes, are losing ground in China. The shift is unfolding in the world’s largest car market, putting pressure on the brands’ competitive standing there.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 14:56
A regulator says Russian airlines transported nearly 50 million passengers during the first half of 2026. Domestic flights accounted for 36.34 million of those passengers.
TTASSOriginal★★☆☆☆2026-08-11 14:48
Hims & Hers Health shares dropped nearly 7% in premarket trading on Tuesday. Investor concerns about narrowing profit margins outweighed strong subscriber growth and the company’s higher annual revenue forecast. The reaction highlights pressure from the cost of expanding its weight-loss offering.
RReutersOriginal★★☆☆☆2026-08-11 14:35
Donald Trump’s real estate business in India is using the country’s growing wealth to broaden its presence. The company plans to move into southern India with what it describes as its most ambitious project there so far. The expansion comes as demand and activity in the luxury-home market surge.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 14:30
Non-ferrous metal prices declined in July as volatility in the Middle East weighed on the market. The average aluminum price on the London Metal Exchange fell sharply by 8.7% from June. It reached $3,150 per tonne, while the review was kept unchanged.
TTASSOriginal★★☆☆☆2026-08-11 14:17
South Africa’s official unemployment rate increased to 33.6% in the second quarter of 2026. Data released by the country’s statistics agency on Tuesday put the first-quarter rate at 32.7%. The figures show a rise in unemployment over the quarter.
RReutersOriginal★★★☆☆2026-08-11 14:10
The chief executive of Norway’s sovereign wealth fund repeated a warning on Tuesday about the scale of potential losses. He said the fund, valued at around $2 trillion, could suffer an unexpected and severe hit. In an extreme future scenario, he added, its entire value could even disappear.
RReutersOriginal★★★☆☆2026-08-11 13:45
Russia’s foreign trade surplus increased to $12.461 billion in June, according to the Central Bank. Exports rose by $10.634 billion year on year during the month, reaching $43.254 billion. The figures indicate a stronger trade balance driven by higher export receipts.
TTASSOriginal★★★☆☆2026-08-11 13:34
Bangkok is set to host the second Russia-Thailand Investment Forum from October 29 to 31. The event is intended to unlock the economic potential that already exists between the two countries. It will also seek to establish a foundation for long-term investment projects in Russia and Southeast Asia. Roscongress announced the plans.
TTASSOriginal★★☆☆☆2026-08-11 12:34
A report estimates that the consequences of the US war against Iran will cost German households €16.8 billion. The study identifies pensioners as one of the groups likely to be affected most heavily by the economic impact.
TTASSOriginal★★★☆☆2026-08-11 11:47
A fifth summer heatwave has pushed European spot electricity prices up by more than 20%. Forecast high temperatures are expected to further restrict nuclear generation in France. At the same time, weaker wind speeds are anticipated in Germany, potentially reducing wind power output. The weather is putting pressure on both countries’ electricity supplies and driving higher prices across the European market.
RReutersOriginal★★☆☆☆2026-08-11 11:35
Black Sea security risks are prompting shipowners to send vessels along alternative routes, according to Basaran Bayrak. He says the change is creating a surplus of available tonnage. That surplus is intensifying competition among shipping operators. As a result, freight rates are being pushed lower.
TTASSOriginal★★☆☆☆2026-08-11 11:27
China’s car sales declined for a tenth consecutive month in July, although the rate of contraction moderated. The downturn at home contrasts with robust export growth. Automakers are stepping up their overseas expansion as they seek to offset cut-throat competition in the world’s largest auto market.
RReutersOriginal★★★☆☆2026-08-11 11:01
Brazilian billionaire Alberto Safra’s financial-services firm, ASA, intends to add 50 employees in the US this year. The recruits will work with wealthy clients from the United States and Latin America. The planned expansion would strengthen ASA’s presence in the American market for affluent customers. The hiring target is focused on client service rather than a broader description of the firm’s operations.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 11:00
Merchant vessels have been steering clear of ports in Ukraine’s Odesa Region for three weeks. Ukraine has consequently lost 1.47 billion dollars in foreign-exchange earnings. The report links the vessel avoidance to a substantial loss of revenue, without providing further details on the cause or the ships involved.
TTASSOriginal★★★☆☆2026-08-11 10:52
Fitch has kept India’s sovereign rating at BBB-. The agency points to strong economic growth as a support for the rating. It also says India’s fiscal metrics remain weak. Growing concern about youth unemployment could place additional pressure on the country’s fiscal profile, Fitch reckons.
RReutersOriginal★★★☆☆2026-08-11 10:50
Sentiment among U.S. small-business owners climbed to its highest level in 11 months during July. A sharp increase in the share planning to hire suggests the previous month’s decline in nonfarm payrolls may have been temporary. At the same time, labor shortages remain a concern for business owners. The reading points to stronger hiring intentions despite ongoing staffing difficulties.
RReutersOriginal★★★☆☆2026-08-11 10:45
Florida energy tycoon Harry Sargeant III has agreed to sell his interests in Venezuela’s second-largest oil producer, according to the report. Sargeant had long acted as a back channel between Washington and Caracas. The sale followed a pressure campaign aimed at forcing him out of the investment.
BBloomberg NewsOriginal★★★☆☆2026-08-11 10:30
The US Securities and Exchange Commission accused investment adviser Adit Ventures and co-founder Eric Munson of making false claims in schemes offering access to pre-IPO investments. The regulator said clients were charged millions of dollars in undisclosed fees to purchase shares in companies including SpaceX and Klarna before those shares were offered to the public.
BBloomberg NewsOriginal★★★☆☆2026-08-11 10:05
Britain’s statistics office said Tuesday that November 2027 is the likeliest date for adopting a new labour-market survey. The survey would replace the office’s flagship measure of employment conditions. That existing dataset has been affected by persistent problems. The planned switch is intended to provide an improved gauge of the jobs market.
RReutersOriginal★★☆☆☆2026-08-11 10:05
Trinity Metals, a mining company based in Rwanda, is exporting tungsten concentrate from its Nyakabingo mine to the United States. Shipments from the mine can represent as much as 20% of US consumption of primary tungsten concentrate. The operation has therefore become part of the US defence supply chain.
FFrance 24Original★★☆☆☆2026-08-11 09:24
Russia imported about 15 percent more automotive parts and components from China during the first seven months of the year, the business daily Kommersant reported. The January-to-July imports reached $1.3 billion. Kommersant attributed the figures to data from car dealer Rolf.
MMeduzaOriginal★★☆☆☆2026-08-11 09:10
Trump Media & Technology Group reported a second-quarter loss of $238 million, substantially wider than its $20 million loss a year earlier. The company was founded by U.S. President Donald Trump and is known for its Truth Social platform. It attributed much of the deterioration to unrealized losses connected with its cryptocurrency assets. The report describes those asset-related losses as the main factor behind the broader quarterly deficit.
RReutersOriginal★★☆☆☆2026-08-11 09:05
Trump Media & Technology Group reported a loss of $238m. The company earned less than $2m in the second quarter. Its results highlight a sharp gap between the reported loss and quarterly earnings.
The president’s media company reported a massive loss in its latest quarter. It plans to abandon newly added business lines as part of a fresh turnaround effort. The company instead intends to refocus as a forum where users can post their views. The shift puts user expression back at the center of its business direction.
Yingkou, a coastal city in Liaoning Province in northeast China, has built an international jellyfish industry chain. Its jellyfish products are now exported to more than 30 countries and regions. The city’s industry has expanded beyond its local coastal base, connecting production with overseas markets. The development highlights the global reach of Yingkou’s jellyfish trade.
CChina News ServiceOriginal★★☆☆☆2026-08-11 08:51
The Indian rupee came under pressure on Tuesday as oil prices rose again. Negotiations on a U.S.-Iran peace deal have stalled, while efforts to reopen the Strait of Hormuz have also reached an impasse. The renewed increase in oil prices weighed on the currency amid the broader uncertainty surrounding the Middle East. Likely intervention by the Reserve Bank of India helped contain the rupee’s decline.
RReutersOriginal★★★☆☆2026-08-11 08:40
Regional supermarket chain Pang Dong Lai will shut its flagship branch in Xuchang, Henan Province, in December 2026. Founder Yu Donglai announced the decision on Sunday. The closure follows a dispute over the store’s rental arrangements. The affected outlet is the chain’s flagship location.
CChina News ServiceOriginal★★☆☆☆2026-08-11 08:36
BRICS members are considering ways to connect their national fast-payment systems, according to Reserve Bank of India Governor Sanjay Malhotra. The discussions also cover possible links between the countries’ central bank digital currencies. Malhotra made the remarks at an event on Tuesday. The initiative remains under discussion, with no linkage announced in the statement.
RReutersOriginal★★★☆☆2026-08-11 08:30
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.
