Crypto custody firm Copper has attracted potential buyers, but their offers are well below the $500 million asking price. Once valued at $2.5 billion, the company was marketed by investment bank Cantor Fitzgerald for about $500 million in May.
C
CoinDeskOriginal★★☆☆☆2026-08-25 13:48
Nasdaq-listed The9 posted $32.4 million in second-quarter net income despite just $712,000 in revenue, no crypto-mining revenue and a $13.4 million operating loss. The result was driven by a $47.2 million fair-value gain on its 9BIT tokens and $11.1 million in crypto rewards, non-cash items that helped satisfy one condition in its management incentive plan.
C
CryptoSlateOriginal★★☆☆☆2026-08-25 13:45
India’s authorities are conducting a second antitrust investigation into global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances, according to a regulatory document seen by Reuters.
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ReutersOriginal★★★☆☆2026-08-25 13:05
United Airlines had planned to install lie-flat premium seats on its 737 Max 10 aircraft after certification. With that approval delayed for years, the airline must now decide how to handle the seats it ordered.
C
CNBCOriginal★★☆☆☆2026-08-25 13:05
WuXi Biologics, one of China’s biggest contract drug developers, said profit attributable to shareholders rose 4.3 per cent to 2.44 billion yuan in the first half. Stronger demand and better capacity utilisation helped lift revenue by 18.4 per cent and improve margins.
S
South China Morning PostOriginal★★☆☆☆2026-08-25 13:03
As weight-loss medicines gain more users, H&M and other chain retailers are paring back extended-size apparel, narrowing the selection for customers who need larger fits.
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Bloomberg NewsOriginal★★☆☆☆2026-08-25 12:30
Axis Bank, India’s third-largest private bank by assets, expects its credit growth to exceed the industry average by 300 basis points this fiscal year, Chief Executive said, citing strong corporate and retail demand.
RReutersOriginal★★★☆☆2026-08-25 12:10
Danish toy brand Lego said on Tuesday that sales jumped 21% in the first half, helped by soccer World Cup and Formula 1 sets that brought in new customers.
RReutersOriginal★★☆☆☆2026-08-25 12:05
Wall Street futures recovered on Tuesday as technology stocks rebounded ahead of Nvidia’s results and an inflation report that could shape expectations for interest rates.
RReutersOriginal★★☆☆☆2026-08-25 11:35
Volkswagen’s labour representatives and major shareholder Lower Saxony have prepared alternative turnaround proposals that they intend to present at a supervisory board meeting next week, according to three people familiar with the matter.
RReutersOriginal★★★☆☆2026-08-25 11:15
Kazakhstan expects to lose about 3.5 million metric tons of oil production this year because drone attacks damaged Caspian Pipeline Consortium infrastructure, Energy Minister Yerlan Akkenzhenov said. The annual target has been cut from 98 million to 96 million metric tons, while oil transit to Germany via the Druzhba pipeline is not planned to resume in the next three months.
T
TASSOriginal★★★☆☆2026-08-25 10:47
Bondholders owed £1.3bn by Aston Martin have sought discovery in US courts over a contentious £550mn financing deal, ahead of a planned lawsuit against the carmaker in the UK.
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Financial TimesOriginal★★★☆☆2026-08-25 10:42
Shares in Melrose Industries gained 8% on Tuesday after the owner of GKN Aerospace said it was aiming to restore full production at its Garden Grove facility on September 28. The company will pay up to $100 million to settle damage claims linked to a chemical tank that overheated in May.
RReutersOriginal★★☆☆☆2026-08-25 10:05
German business sentiment improved more than expected in August, according to an Ifo survey, adding to indications that Europe’s largest economy is moving toward a long-awaited recovery.
RReutersOriginal★★★☆☆2026-08-25 09:40
Kazakhstan will lower its oil production target for this year because of drone attacks on Caspian Pipeline Consortium infrastructure, Energy Minister Yerlan Akkenzhenov said. The target has been reduced from 98 million metric tons to 96 million metric tons, following earlier plans for 99.55 million tons.
TTASSOriginal★★★☆☆2026-08-25 08:40
The son of EssilorLuxottica’s late founder is leaving management positions at the Franco-Italian eyewear group following reports of tensions with Chief Executive Francesco Milleri.
RReutersOriginal★★☆☆☆2026-08-25 08:35
A NielsenIQ report says county-level markets have become a key engine of China’s retail expansion, with sales approaching 20 trillion yuan. They account for 43% of national FMCG sales and 67% of durable-goods sales. Premium categories rose 16% and omnichannel sales increased 12.5% year on year, while nine government agencies introduced 18 measures to boost county consumption.
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China News ServiceOriginal★★★☆☆2026-08-25 08:27
Grosvenor Group Holdings Ltd. warns that higher temperatures combined with outdated planning rules could diminish the appeal of its extensive property portfolio in Mayfair and Belgravia.
BBloomberg NewsOriginal★★☆☆☆2026-08-25 07:30
Options traders expect Nvidia’s market value to swing by $280 billion after the company reports second-quarter earnings on Wednesday afternoon. Investors are looking for fresh clues about the demand driving the technology sector.
RReutersOriginal★★☆☆☆2026-08-25 07:10
Financial investors are showing growing interest in China’s major bubble tea brands as the sector cools after a boom and faces intense competition. Their approach is shifting from early-stage investments and IPO subscriptions to full equity buyouts, while analysts expect industry growth to slow from double digits to the mid-to-high single digits.
SSouth China Morning PostOriginal★★☆☆☆2026-08-25 07:00
Lego reported record revenue for the first half of the year. CEO Niels Christiansen told CNBC that the company is seeing strong sales at both the high-end and value ends of its pricing range.
CCNBCOriginal★★☆☆☆2026-08-25 07:00
Hou Qijun is moving to transform Sinopec, the world’s largest oil refiner, as it confronts falling fuel demand, petrochemical overcapacity and what is described as the world’s worst oil crisis. Unlike other Chinese state executives, he could have simply coasted toward retirement.
RReutersOriginal★★★☆☆2026-08-25 06:45
Embattled home builder Bathla Group has entered voluntary administration, leaving customers uncertain about their homes. Founder Bhart Bhushan called it an “orderly restructure” after weaker sales, the effects of the federal government’s May budget, falling market confidence and higher construction costs combined in what the company described as a “perfect storm.”
TThe GuardianOriginal★★★☆☆2026-08-25 06:04
Xpeng shares fell after the company issued weak delivery guidance. The decline came despite its nascent robotics business securing a valuation of nearly $6.3 billion, close to the value of its core electric-vehicle business.
CCNBCOriginal★★☆☆☆2026-08-25 04:49
S&P says Europe’s intense heatwaves could weaken insurers’ earnings as heat-related deaths, worsening health conditions and drought and wildfire claims increase. Life, health and reinsurance companies may face higher payouts, potentially leading to higher premiums, particularly as older people are especially vulnerable to heat.
TThe GuardianOriginal★★★★☆2026-08-25 04:00
Woolworths’ Disney, Marvel and Star Wars Ooshies promotion drew shoppers away from rival Coles, causing a temporary sales decline lasting nearly four weeks, mainly in physical stores. The collectible figurines prompted trading among children and adults, while some schools and childcare centres banned them over disputes and disruption.
TThe GuardianOriginal★★☆☆☆2026-08-25 03:44
Canada’s government plans to announce measures Tuesday to “protect and support” workers and businesses after the US imposed 50% tariffs on Saturday. The duties cover about $20 billion of Canada’s annual exports.
BBloomberg NewsOriginal★★★★☆2026-08-25 03:36
US-Canada trade talks collapsed after last-minute pressure from Commerce Secretary Howard Lutnick, according to people familiar with the matter. President Donald Trump then imposed new tariffs, while Canadian Prime Minister Mark Carney vowed retaliation.
Donald Trump has threatened to raise US tariffs on Canadian cars, trucks and auto parts from 25% to 50% on 1 January. Mark Carney accused Trump of wanting to destroy Canada's auto industry and said Canada would resume talks only if Washington came with the “right attitude”.
Donald Trump is threatening new tariffs on Canadian automobiles, a move that will hurt U.S. automakers and workers.
Canada says it will announce its response on Tuesday after Donald Trump threatened to raise tariffs on Canadian cars, auto parts and steel to 50 percent from Jan. 1, 2027, following the collapse of trade talks. Canadian ministers are set to outline measures supporting workers and businesses.
Donald Trump announced that the US will impose a 50% tariff on all Canadian cars, trucks, auto parts and steel from 1 January 2027, accusing Canada of having “ripped off” the US for years. Mark Carney said the move was largely expected and vowed Canada would be ready for talks while matching US tariffs dollar for dollar.
Canada’s leader took the rare step of responding forcefully to Trump’s latest tariffs.
US President Donald Trump pledged to double tariffs on Canadian vehicles and parts starting next year, intensifying the spiraling trade dispute between the two economies.
US President Donald Trump says tariffs on Canadian cars, trucks and steel will rise to 50% from January 1, while Canadian auto parts will also face a 50% levy in 2027. The announcement follows the collapse of trade talks and could disrupt integrated North American auto production, prompting Canadian retaliation.
President Donald Trump said on Monday that US tariffs on all Canadian cars, trucks, automotive parts and steel will rise to 50% from January 1, 2027. After trade talks between the two countries collapsed over the weekend, he doubled down on his claim that the US does not “need” Canada.
US President Donald Trump said the United States would impose a 50% tariff on Canadian automobiles, car parts and steel starting January 1, 2027. The threat comes as a dispute between the neighbors intensifies after trade talks collapsed, with Canada pledging retaliatory tariffs.
President Donald Trump said in a social media post that the United States will raise tariffs on all cars, trucks, automotive parts and steel to 50% starting Jan. 1, 2027, after trade talks with Canada collapsed.
President Donald Trump said the United States will raise tariffs on Canadian cars, trucks, auto parts and steel to 50% starting January 1, 2027. He added that products built in the US would face zero tariffs.
China’s service exports totaled 1.5047 trillion yuan ($223.8 billion) in the first half of 2026, up 17.6% year on year, Ministry of Commerce data showed. Travel services grew fastest among the five largest categories, while knowledge-intensive services made up 53.5% of exports. Chinese brands including MIXUE and Chagee are also expanding overseas.
CChina News ServiceOriginal★★★☆☆2026-08-25 03:32
The 10th China International Elderly Care and Health Industry Expo ended in Guangzhou with intended cooperation deals exceeding 760 million yuan ($106 million). The three-day event brought together 433 companies from 17 countries and regions, drew 91,000 visitors and showcased technologies including elderly-care AI, rehabilitation devices and smart mobility aids.
CChina News ServiceOriginal★★☆☆☆2026-08-25 02:08
Large Indian corporations are seeking a foothold in the rapidly growing gold-backed loan business. The newsletter also says a JPMorgan Chase entity has drawn the ire of Sebi.
FFinancial TimesOriginal★★☆☆☆2026-08-25 01:30
Canada has several economic levers in the escalating tariff dispute with the United States, including planned dollar-for-dollar duties, energy exports, potash and critical minerals. Prime Minister Mark Carney says Canada supplies most US natural gas and electricity imports and about 60% of its crude oil imports. Ontario Premier Doug Ford says Trump underestimates Canada and that an energy surcharge remains possible.
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BBC NewsOriginal★★★★☆2026-08-25 00:40
Canadian Prime Minister Mark Carney said his government is continuing to consider ways to retaliate against new tariffs imposed by US President Donald Trump on Canadian goods. He added that Canada remains willing to continue trade talks if the US takes the “right attitude.”
Canada’s currency plunged against the US dollar and bonds rallied after trade talks between the two countries collapsed, as the widening rift threatened the outlook for economic growth.
The US-Canada trade war shows no sign of easing. Canadian negotiators left talks in Washington after Prime Minister Mark Carney accused the Trump administration of making disproportionate last-minute demands. The US is imposing 50% tariffs on $20 billion of Canadian goods, while Canada’s retaliatory tariffs on US products are due to begin in early September, posing serious risks to both economies.
U.S. President Donald Trump threatened additional tariffs on dozens of Canadian imports after Prime Minister Mark Carney pledged retaliation, as trade negotiations between Washington and Ottawa faltered.
The United States and Canada are moving toward a deeper trade war after last-ditch efforts to reach a deal collapsed Friday. Americans could begin seeing higher prices for goods in three areas.
Businesses on both sides of the border are bracing for losses after US-Canada trade talks collapsed and both governments pledged 50% tariffs on each other’s goods. Calgary jeweller Cindy Baldassi expects most of her US sales to disappear, while furniture, clothing and retail companies warn that higher costs could cancel orders and overwhelm small businesses.
Saudi Aramco, the world’s largest oil exporter, said on Monday it had signed agreements with French companies that could be worth more than $3.7 billion in total.
RReutersOriginal★★★☆☆2026-08-24 23:30
President Donald Trump said the United States will increase tariffs on cars, trucks and auto parts imported from Canada to 50% starting Jan. 1, 2027, as trade tensions intensify.
CCNBCOriginal★★★★☆2026-08-24 23:27
WestJet flight attendants voted Monday to accept a tentative agreement that would raise wages by more than 18% over three years, according to their union. The vote followed a strike that caused hundreds of cancellations earlier this month.
RReutersOriginal★★☆☆☆2026-08-24 20:45
Lower Saxony’s premier said on Monday that Volkswagen’s stakeholders must work together on solutions to protect the automotive industry in the company’s home state, as the group seeks to avoid shutting plants.
RReutersOriginal★★★☆☆2026-08-24 19:45
Italy’s competition authority said on Monday it had approved energy group Ludoil’s acquisition of Sicily-based oil refiner ISAB, clearing the way for a local company to control one-fifth of the country’s refining capacity.
RReutersOriginal★★★☆☆2026-08-24 19:35
Indian Foreign Minister Subrahmanyam Jaishankar said Russia-India cooperation remains adaptable, flexible and strong, with bilateral trade reaching $60 billion in 2025 and substantial room for further growth. He cited cooperation in railways, space, fertilizers, energy and engineering, while saying the two sides are working to address trade imbalances and target $100 billion by 2030.
TTASSOriginal★★★★☆2026-08-24 17:06
Indian Foreign Minister Subrahmanyam Jaishankar told Russian President Vladimir Putin at the Kremlin that economic cooperation between Russia and India had grown significantly, including in nuclear energy and fertilizers. Jaishankar is visiting Russia on August 23-24 at the invitation of First Deputy Prime Minister Denis Manturov.
Trade between Russia and India grew 8% in the first half of the year, Russian First Deputy Prime Minister Denis Manturov said. Both exports and imports gained momentum, while the two countries are broadening trade in agricultural goods, machinery, metals and other products. Negotiations on a free trade agreement between the Eurasian Economic Union and India are advancing.
Russian President Vladimir Putin said trade between Russia and India, which fell slightly last year, has grown this year. During a Kremlin meeting with Indian Foreign Minister Subrahmanyam Jaishankar, Putin said the visit reflected the strength of ties built over decades, with cooperation spanning virtually all areas and involving governments, parliaments and businesses.
Russia’s banking sector recorded a 18% month-on-month increase in net profit in July, reaching 443 billion rubles ($5.28 billion), the Bank of Russia said. Core profit rose 28% as provisions for problem assets fell, while corporate-sector expenses dropped 77%. The regulator forecasts 2026 banking profits of 3.4–3.9 trillion rubles.
TTASSOriginal★★★☆☆2026-08-24 16:53
Russia imported 1,210 new electric vehicles in July, up 116.5% from a year earlier, according to Autostat CEO Sergey Tselikov. Imports totaled 2,700 units in January-July, down 11.3% year on year. The leading July models were the Avatr 11, Avatr 12 and Changan Qiyuan Q05.
TTASSOriginal★★☆☆☆2026-08-24 16:38
Russian First Deputy Prime Minister Denis Manturov said Indian airlines have shown strong interest in Russia’s SJ-100 and upgraded Il-114-300 civilian aircraft. A prototype of a jointly produced India-Russia high-speed electric train is expected to be assembled in Maharashtra by year-end before testing and serial production.
TTASSOriginal★★★☆☆2026-08-24 16:31
The Hyperliquid Policy Center is calling on the SEC and CFTC to align their rules for perpetual contracts as Hyperliquid’s multi-asset offerings expand and attract scrutiny from traditional exchanges.
TThe BlockOriginal★★☆☆☆2026-08-24 16:18
Japan is considering tax breaks on gains from selling non-core businesses, according to two people familiar with the matter. The move could accelerate long-delayed corporate restructuring and encourage industry consolidation.
RReutersOriginal★★★☆☆2026-08-24 16:10
Strive bought 1,110 bitcoin for $81.5 million, lifting its total holdings to 21,356 BTC and making it the seventh-largest bitcoin holder among public companies.
TThe BlockOriginal★★☆☆☆2026-08-24 15:39
India’s Tata Consultancy Services will acquire Porsche’s IT unit and has secured a five-year contract worth $1.46 billion. Porsche is part of Volkswagen, which is under pressure to cut costs and reduce its sprawling portfolio.
RReutersOriginal★★☆☆☆2026-08-24 15:25
Statistics Canada’s flash estimate puts Canadian factory sales in July 0.2% below June, with weaker sales in the chemical and fabricated metal product subsectors identified as the main drivers.
RReutersOriginal★★☆☆☆2026-08-24 15:05
Russia and India plan to improve their joint payment infrastructure and develop tools allowing citizens to make cashless payments, First Deputy Prime Minister Denis Manturov said. He linked the initiative to stronger tourism ties; tourist flows between the countries rose 8% in the first half of the year.
TTASSOriginal★★★☆☆2026-08-24 15:00
Finance ministers from six European Union countries want the 27-member bloc to discuss in September a mechanism for taxing oil companies’ windfall profits arising from Iran’s blockade of the Strait of Hormuz, according to a letter released on Monday.
RReutersOriginal★★★★☆2026-08-24 14:01
Employers are trying to identify genuine candidates in an era of AI-generated resumes, giving greater priority to networking, live assessments and phone calls.
BBloomberg NewsOriginal★★☆☆☆2026-08-24 14:00
Ukrainian economist Oleg Pendzin says not a single dollar has been invested under the minerals agreement with the United States. He argues that unresolved land ownership, geological surveys and security concerns require urgent government action, while continuing hostilities are deterring investors.
TTASSOriginal★★★☆☆2026-08-24 13:58
Chinese electric-vehicle maker Xpeng projected third-quarter revenue below Wall Street expectations on Monday, as intensifying competition in the domestic auto market weighed on its outlook.
RReutersOriginal★★☆☆☆2026-08-24 13:45
Ampere research says subscribers to Netflix, Disney+ and Amazon Prime Video in western Europe have faced average monthly increases of $1.86 over the past three years, more than in the US or any other region. Streaming companies have added cheaper ad-supported tiers while raising premium prices, but average increases fell from 24% in 2023-24 to 14% in 2025-26 as consumers’ willingness to pay reached its limits.
TThe GuardianOriginal★★☆☆☆2026-08-24 13:45
As more people pursue weight loss, demand for whey and other protein products is growing, pushing up prices.
FFinancial TimesOriginal★★☆☆☆2026-08-24 13:39
Capstone Energy+ CEO Vince Canino said businesses struggling to secure capacity from strained U.S. utilities are increasingly seeking onsite power, driving orders for larger generation blocks.
RReutersOriginal★★☆☆☆2026-08-24 13:15
Kerry Properties is targeting Hong Kong residential land and may recycle capital from existing assets, betting on tighter local housing supply. Despite the mainland property downturn weighing on its China business, the developer said it bought three Hong Kong residential sites in the first half, totaling about 235,000 sq ft of gross floor area, and will remain active in government land tenders.
SSouth China Morning PostOriginal★★☆☆☆2026-08-24 12:20
Strategy sold $2 billion worth of MSTR shares without making any bitcoin purchases and established a $1.6 billion “USD Cash” pool. Its holdings represent roughly 4% of bitcoin’s 21 million supply cap, valued at around $66 billion.
TThe BlockOriginal★★☆☆☆2026-08-24 12:12
Tamil Nadu, India’s leading manufacturing state, is abandoning plans for a second airport serving its capital Chennai, the chief minister said on Monday. The decision comes despite calls to expand aviation capacity for industry, with alternative sites now being considered.
RReutersOriginal★★★☆☆2026-08-24 11:50
Alibaba and Shein’s share sales in Hong Kong mark a dramatic repricing of Chinese assets.
BBloomberg NewsOriginal★★☆☆☆2026-08-24 10:30
Artificial intelligence is beginning to transform China’s job market, with workers worried about being replaced. State-backed policies support the shift, though some economists believe they could weaken the economy’s overall strength.
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The Associated PressOriginal★★★☆☆2026-08-24 10:30
Volkswagen CEO Oliver Blume says the German carmaker’s situation is “more than critical”. Ahead of meetings with staff, he warns that Volkswagen and Germany’s wider auto industry face “the biggest upheaval in their history” because of global headwinds and Chinese competition.
FFrance 24Original★★★☆☆2026-08-24 10:19
Russia produced 5.7 million metric tons of steel in July 2026, up 3.3% from a year earlier, according to the World Steel Association. Global steel output reached 149.2 million metric tons, down 0.3% year on year, with China producing 76.9 million metric tons.
TTASSOriginal★★☆☆☆2026-08-24 10:06
Swiss industrial companies worry that the higher tariffs imposed on their exports to the United States leave them at a major disadvantage to European competitors facing lower import charges, a Monday survey found.
RReutersOriginal★★☆☆☆2026-08-24 09:45
Alibaba raised HK$80 billion (US$10.2 billion) through a record Hong Kong secondary share sale. The shares were priced at HK$112.70 each, an 8.4% discount to Friday’s close, with all proceeds earmarked for its artificial-intelligence drive and planned spending of more than 380...
SSouth China Morning PostOriginal★★★☆☆2026-08-24 09:09
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese company launched a $10.2 billion share sale at a steep discount to fund its AI ambitions. Investors focused on dilution and execution risks.
Alibaba shares dropped 8% in early Hong Kong trading on Monday after the technology company completed an HK$80 billion ($10.21 billion) share placement at HK$112.70 per share. The deal is intended to finance artificial intelligence-related development.
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s largest secondary share sale, highlighting its readiness to accumulate and deploy huge sums in an effort to lead globally in artificial intelligence.
Singapore’s key consumer price gauge increased 2.0% in July from a year earlier, official data showed on Monday, coming in below expectations.
RReutersOriginal★★★☆☆2026-08-24 08:35
Louis Vuitton will close its only store in Guiyang on August 31, according to a notice posted at the site. The move will reduce the French luxury brand’s southwestern China footprint to three stores from a peak of six, as it optimises its retail network amid weak domestic spending and changing luxury consumption trends.
SSouth China Morning PostOriginal★★☆☆☆2026-08-24 08:00
Shell’s US chemicals unit is attracting potential buyers, according to a report.
BBloomberg NewsOriginal★★☆☆☆2026-08-24 08:00
Lower Saxony Premier Olaf Lies is due to visit Volkswagen’s Hanover plant for talks with employee representatives, unions and management about the struggling carmaker’s restructuring plans and German production sites. Volkswagen is cutting costs to improve competitiveness, while workers, unions and politicians seek assurances for tens of thousands of jobs.
DDWOriginal★★★☆☆2026-08-24 07:29
Unimot SA, one of Poland’s biggest fuel companies, is calling for Europe to accelerate its green-energy transition. It warns that renewed tensions in the Middle East have again highlighted the continent’s heavy dependence on imported fossil fuels.
BBloomberg NewsOriginal★★☆☆☆2026-08-24 06:00
Electric vehicle sales accelerated across much of Europe in July, according to data provided to Reuters. High oil prices, subsidies and the availability of more affordable models encouraged consumers to move away from combustion-engine cars.
RReutersOriginal★★☆☆☆2026-08-24 05:50
Industry insiders expect China’s auto exports to exceed 10 million units this year. Customs data shows 6.399 million vehicles were exported in January-July 2026, up 53.7% year on year. Experts say Chinese automakers must strengthen local industrial capabilities and pursue deeper localization as they expand overseas.
CChina News ServiceOriginal★★★☆☆2026-08-24 03:53
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.
