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Russia’s manufacturing PMI falls to 48.8 in August

S&P Global’s survey showed Russia’s manufacturing PMI fell from 50.7 in July to 48.8 in August 2026, marking the sector’s first deterioration in operating conditions in three months. Weaker consumer demand and tighter buyer liquidity reduced new orders, while export orders and output also contracted.

Macro & central banksCompanies & industryRussiamanufacturingPMIeconomy

TTASSOriginal★★★☆☆2026-09-01 10:26

Russia’s manufacturing PMI falls to 48.8 in August

London Stock Exchange to lose three more firms after takeover offers

Bodycote has agreed to a £1.84bn takeover by US private equity group Veritas, while Gamma Communications recommended Epiris’s £1.1bn offer and Capricorn agreed to a $396m deal with DNO. The transactions push the value of companies leaving London’s stock market this year above $100bn, adding to pressure on the exchange.

MarketsCompanies & industryLondon Stock Exchangetakeoversprivate equitycapital markets

TThe GuardianOriginal★★★☆☆2026-09-01 10:08

London Stock Exchange to lose three more firms after takeover offers
London Stock Exchange to lose three more firms after takeover offers

Digital ruble to benefit creative industries — expert

The digital ruble’s development will benefit Russia’s creative industries by attracting new investors, PSB Bank executive Maxim Bykovets said at the Eastern Economic Forum. He said the highly specialized market requires substantial expertise and may need specialized funds to manage portfolios of digital financial assets issued by companies and individual creators.

MarketsCompanies & industryRussiadigital rublecreative industriesinvestment

TTASSOriginal★★★☆☆2026-09-01 09:54

Digital ruble to benefit creative industries — expert

Air Liquide rises as Elliott reportedly builds stake and pushes for higher margins

Air Liquide shares climbed as much as 4.2% on Tuesday after people familiar with the matter said activist investor Elliott Investment Management had taken a stake in the French industrial gases company and was pressing for higher margins.

MarketsCompanies & industryAir LiquideElliott Investment Managementactivist investorprofit margins

RReutersOriginal★★☆☆☆2026-09-01 09:15

Air Liquide rises as Elliott reportedly builds stake and pushes for higher margins
Air Liquide rises as Elliott reportedly builds stake and pushes for higher margins

China ends dividend tax exemption for expatriates, applying 20% rate

China’s tax authorities said on Tuesday that expatriates receiving dividends from foreign-funded firms would no longer qualify for a tax exemption. A 20 per cent rate takes effect immediately, with Xinhua describing the change as an effort to unify the tax system.

Macro & central banksCompanies & industryChina taxationdividend taxforeign-funded firms

SSouth China Morning PostOriginal★★★☆☆2026-09-01 09:14

China ends dividend tax exemption for expatriates, applying 20% rate
China ends dividend tax exemption for expatriates, applying 20% rate

Shein slips on Hong Kong debut amid fast-fashion challenges

Fast-fashion retailer Shein fell on its Hong Kong trading debut as it faces stronger competition and the removal of tax breaks in key markets. Its shares briefly dropped as much as 10% before closing 0.1% below the IPO price at HK$48.50. The offering raised HK$13.6 billion and valued the company at about US$26 billion.

MarketsSheinHong Kong IPOfast fashioncompetition

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 09:11

Shein slips on Hong Kong debut amid fast-fashion challenges
Shein slips on Hong Kong debut amid fast-fashion challenges
  • Shein shares slide as fast-fashion retailer makes Hong Kong debut
    Shein shares slide as fast-fashion retailer makes Hong Kong debut

    Shein shares fell as much as 10% after the China-founded, Singapore-headquartered fast-fashion retailer began trading in Hong Kong. Its HK$48.56 offer price valued the company at just over $26bn; shares ended at HK$46.62, down 4%. The weak debut followed failed US and UK listing plans amid forced-labour and supply-chain concerns, while regulatory changes threaten its low-value parcel business model.

    SheinHong Kong IPOfast fashionstock market

    TThe Guardian★★★☆☆2026-09-01 07:11Original
  • Shein shares fall on Hong Kong debut as parcel duties and Iran costs bite

    Shein’s shares fell on their Hong Kong debut after the company’s unsuccessful attempts to list in New York and London. US tariffs and rising shipping costs are squeezing profits at the fast-fashion giant.

    SheinHong Kong listingUS tariffsshipping costs

    Eeuronews★★☆☆☆2026-09-01 06:26Original
  • Shein shares fall after Hong Kong debut highlights its China roots
    Shein shares fall after Hong Kong debut highlights its China roots

    Shares in fast-fashion online retailer Shein fell after the company began trading on the Hong Kong stock exchange following a lengthy delay, with the debut spotlighting its China roots.

    SheinHong Kong listingfast fashion

    TThe Associated Press★★☆☆☆2026-09-01 06:00Original
  • Shein shares fall nearly 8% in weak Hong Kong debut
    Shein shares fall nearly 8% in weak Hong Kong debut

    Fast-fashion giant Shein fell nearly 8% on its first trading day in Hong Kong on September 1. After unsuccessful attempts to list in the US and UK, the company is now valued at about a quarter of its peak and faces higher trade costs, tighter scrutiny and stronger competition.

    SheinHong Kong listingfast fashiontrade pressure

    BBBC Chinese★★★☆☆2026-09-01 05:24Original
  • Shein shares slump in Hong Kong after long-awaited IPO
    Shein shares slump in Hong Kong after long-awaited IPO

    China-founded global online fashion giant Shein made an underwhelming debut on the Hong Kong Stock Exchange, with its shares falling after a years-long effort to enter capital markets.

    SheinHong Kong stocksIPO

    RReuters★★☆☆☆2026-09-01 04:30Original
  • Shein shares fall nearly 8% in Hong Kong debut
    Shein shares fall nearly 8% in Hong Kong debut

    Fast-fashion giant Shein fell almost 8% on its first day of trading in Hong Kong after unsuccessful efforts to list in the US and UK. The offering raised HK$13.6bn and valued the company at $26.3bn, as labour, environmental and regulatory concerns, competition and trade tensions weigh on its prospects.

    SheinHong Kong listingfast fashionstock market

    BBBC News★★☆☆☆2026-09-01 02:51Original
  • Shein shares slide 10% in Hong Kong trading debut

    Fast-fashion retailer Shein’s shares fell 10% on their Hong Kong trading debut after the company completed its long-delayed initial public offering at a bargain-basement valuation.

    SheinHong Kong listingIPO

    FFinancial Times★★★☆☆2026-09-01 02:19Original
  • Shein Shares Fall in Hong Kong Debut, Testing Demand for Consumer Stocks
    Shein Shares Fall in Hong Kong Debut, Testing Demand for Consumer Stocks

    Shein Global Holdings Ltd. shares dropped as much as 10% in their Hong Kong debut. The initial public offering had raised HK$13.6 billion, or $1.7 billion.

    SheinHong Kong listingconsumer stocks

    BBloomberg News★★☆☆☆2026-09-01 02:00Original
  • Fast-fashion giant Shein shares fall 7% in Hong Kong debut
    Fast-fashion giant Shein shares fall 7% in Hong Kong debut

    Fast-fashion giant Shein’s shares fell 7% as the company made its Hong Kong market debut on Tuesday, following years of attempts to go public.

    SheinHong Kong listingfast fashion

    CCNBC★★☆☆☆2026-09-01 01:34Original

White House unveils more details of Trump’s Venezuela oil deal

The Trump administration says the US will form a private joint venture with North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt. The Pentagon’s Office of Strategic Capital will hold 35 percent, while the US will be able to buy 20 percent of output at cost. Acting President Delcy Rodriguez is granting the company 100-year rights to 17 fields, and Betancourt has pledged $100bn for new oil infrastructure.

MarketsEnergy & commoditiesCompanies & industryVenezuela oilDonald TrumpUS investmentenergy policy

AAl JazeeraOriginal★★★★☆2026-09-01 07:39

White House unveils more details of Trump’s Venezuela oil deal
White House unveils more details of Trump’s Venezuela oil deal

Northeast China’s ‘Magnesium Capital’ goes global through high-end transformation

Dashiqiao in Liaoning, known as China’s “Magnesium Capital,” is shifting from exporting raw materials to producing high-end magnesium products based on independent core technologies. Local firms now export specialized fertilizers, feed additives and premium refractory materials to numerous countries, while smart manufacturing supports more consistent quality.

Companies & industryDashiqiaomagnesium industryindustrial upgrading

CChina News ServiceOriginal★★☆☆☆2026-09-01 05:54

Northeast China’s ‘Magnesium Capital’ goes global through high-end transformation

China’s SOE profits rise 0.6% in January-July

China’s state-owned and state-controlled enterprises recorded combined profits of 2.509 trillion yuan in the first seven months of 2026, up 0.6% year on year, Ministry of Finance data showed. Operating revenue fell 2.4% to 46.447 trillion yuan, while taxes payable rose 5% and the end-July asset-liability ratio reached 65.6%.

Macro & central banksCompanies & industryChina economystate-owned enterprisescorporate profits

CChina News ServiceOriginal★★★☆☆2026-09-01 05:39

China’s SOE profits rise 0.6% in January-July

OPEC+ seven’s September quota rises by 188,000 bpd

The OPEC+ seven will raise their September oil production quota by 188,000 barrels per day from August to 31.01 million bpd. The group is completing the phaseout of its voluntary 1.65 million-bpd cut and will continue monthly market reviews, with the next meeting set for September 6.

Energy & commoditiesCompanies & industryOPEC+oil productionproduction quotas

TTASSOriginal★★★★☆2026-09-01 04:52

OPEC+ seven’s September quota rises by 188,000 bpd

Trump Jr.'s Firm Leads $1 Billion Polymarket Raise at $21 Billion Valuation: Report

Trump Jr.’s 1789 Capital is reportedly leading a $1 billion funding round for Polymarket, contributing about $300 million in addition to an existing stake worth roughly $200 million. The prediction market’s valuation has risen from $15 billion to $21 billion.

CryptoCompanies & industryPolymarketfundingvaluation

CCoinDeskOriginal★★☆☆☆2026-09-01 04:19

Trump Jr.'s Firm Leads $1 Billion Polymarket Raise at $21 Billion Valuation: Report
Trump Jr.'s Firm Leads $1 Billion Polymarket Raise at $21 Billion Valuation: Report

GLOBAL ECONOMY Global AI boom fuels Asia factory expansion in August

Private surveys showed that a surge in worldwide demand for AI hardware kept Asian factories busy in August, improving the outlook for the export-dependent region. The prolonged war in the Middle East continued to drive uncertainty and higher costs.

Macro & central banksEnergy & commoditiesCompanies & industryTech & AIglobal economyartificial intelligenceAsian manufacturing

RReutersOriginal★★★★☆2026-09-01 02:50

GLOBAL ECONOMY Global AI boom fuels Asia factory expansion in August
GLOBAL ECONOMY Global AI boom fuels Asia factory expansion in August

China’s top brokerages accelerate global expansion as overseas profits surge

China’s leading brokerages are intensifying their overseas expansion, investing billions of yuan in international operations as cross-border deals increase and overseas profits rise. Citic Securities reported a 45.5 per cent year-on-year increase in revenue from outside mainland China to 15.86 billion yuan in the first half of the year.

Companies & industryChina brokeragesoverseas expansioncross-border deals

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 02:00

China’s top brokerages accelerate global expansion as overseas profits surge
China’s top brokerages accelerate global expansion as overseas profits surge

Japan manufacturing new business grows at fastest pace since 2018, PMI shows

Japan’s manufacturing sector strengthened in August, with new business expanding at its fastest rate since January 2018, a business survey showed. Robust demand for semiconductors and AI-related products supported the increase.

Macro & central banksCompanies & industryTech & AIJapan economymanufacturingsemiconductorsartificial intelligence

RReutersOriginal★★★☆☆2026-09-01 01:40

Japan manufacturing new business grows at fastest pace since 2018, PMI shows
Japan manufacturing new business grows at fastest pace since 2018, PMI shows

Forget Starbucks coffee: Gen Z is choosing cold drinks

Young consumers are increasingly choosing customizable cold beverages over traditional hot coffee. Starbucks says three out of every four drinks it sells are now cold, while analysts describe the category as central to the company’s recovery from a sales slump and its return-to-profit strategy.

Companies & industryStarbucksGen Zcold drinksconsumer trends

BBBC ChineseOriginal★★☆☆☆2026-09-01 01:19

Forget Starbucks coffee: Gen Z is choosing cold drinks
Forget Starbucks coffee: Gen Z is choosing cold drinks

UK retailers raise prices by most since 2024, BRC data shows

UK retailers increased prices last month by the most in over two years. Higher energy costs raised the price of some processed foods, while the artificial intelligence boom increased costs for consumer electronics using similar components.

Energy & commoditiesCompanies & industryTech & AIUK retailprice increasesenergy pricesartificial intelligence

RReutersOriginal★★★☆☆2026-09-01 00:01

UK retailers raise prices by most since 2024, BRC data shows
UK retailers raise prices by most since 2024, BRC data shows

How are Caracas and Washington structuring a massive oil output deal?

The large-scale oil production agreement disclosed by Venezuela and the United States last week uses a complex three-layer structure to develop at least part of the proved reserves in the 17 oilfields covered by the deal. Together, they contain 64 billion barrels of proved reserves.

Energy & commoditiesCompanies & industryVenezuelaUnited Statesoil productionenergy deal

RReutersOriginal★★★★☆2026-08-31 23:40

How are Caracas and Washington structuring a massive oil output deal?
How are Caracas and Washington structuring a massive oil output deal?
  • US and Venezuela reach oil deal
    US and Venezuela reach oil deal

    US President Donald Trump and Venezuela’s acting president, Delcy Rodríguez, announced an agreement giving the United States majority control of more than 65 billion barrels of Venezuela’s proven oil reserves. Both governments say it will benefit their populations, while some Venezuelans have voiced concern.

    United StatesVenezuelaoil dealenergy

    CCGTN★★★★☆2026-08-31 21:53Original

Wells Fargo Says New Canada Steel Duties Are ‘For Show’ in Trade War

Wells Fargo analyst Timna Tanners called Canada’s latest retaliatory tariffs on U.S. steel and aluminum largely symbolic, arguing that the trade war has already made American metals too expensive to import.

Trade & sanctionsBanking & financeCompanies & industryCanadaUnited Statessteel tariffstrade war

BBloomberg NewsOriginal★★☆☆☆2026-08-31 23:30

Wells Fargo Says New Canada Steel Duties Are ‘For Show’ in Trade War
Wells Fargo Says New Canada Steel Duties Are ‘For Show’ in Trade War

Strategy splits $603 million share sale between Bitcoin purchases and STRC support

Strategy raised $602.8 million by selling 4,531,421 MSTR shares in a week. It allocated $369.7 million to buy 4,603 Bitcoin, $151.8 million to repurchase STRC preferred shares, $50.7 million to STRC dividends, and $30 million to USD Cash. The filing shows common-stock proceeds supporting both Bitcoin accumulation and preferred-stock obligations.

CryptoCompanies & industryStrategyBitcoinMSTRSTRC

CCryptoSlateOriginal★★☆☆☆2026-08-31 23:20

Strategy splits $603 million share sale between Bitcoin purchases and STRC support
Strategy splits $603 million share sale between Bitcoin purchases and STRC support

EXCLUSIVE: US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

North American Blue Energy Partners, a U.S. oil company, will take over some Venezuelan oilfields previously controlled by five Chinese companies and one Russian firm, two U.S. officials told Reuters on Monday.

Energy & commoditiesCompanies & industryVenezuelaoil industryUS companyChinese companiesRussian company

RReutersOriginal★★★★☆2026-08-31 23:10

EXCLUSIVE: US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say
EXCLUSIVE: US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

FTC and 22 states accuse Amazon of overcharging businesses for ads

The Federal Trade Commission and 22 states accused retail giant Amazon of deceiving businesses by charging excessive prices for advertising on its vast retail platform, allegedly pocketing billions of dollars for the company.

Companies & industryTech & AIAmazonadvertising feesantitrust lawsuit

CCNNOriginal★★★☆☆2026-08-31 23:01

FTC and 22 states accuse Amazon of overcharging businesses for ads

BYD Asked About Taking Over Stellantis Plant in Canada, Mayor Says

Chinese automaker BYD Co. inquired about taking over an idled Stellantis NV plant in the Toronto suburbs, according to a local politician. The move signals possible global interest in Canadian auto hubs amid a trade battle with the US.

Companies & industryBYDStellantisCanadian auto industry

BBloomberg NewsOriginal★★☆☆☆2026-08-31 23:00

BYD Asked About Taking Over Stellantis Plant in Canada, Mayor Says
BYD Asked About Taking Over Stellantis Plant in Canada, Mayor Says

Japan Inc is betting big on India as China risks deepen

Japanese companies are expanding aggressively in India as their domestic market shrinks and investment in China becomes less attractive amid geopolitical tensions. Retail brands such as Uniqlo and Muji are growing, while Japanese banks pursue Indian financial assets. Firms announced $12.5bn in India investments through about 120 agreements, including in semiconductors and green energy.

MarketsCompanies & industryJapanese companiesIndia investmentChina risks

BBBC NewsOriginal★★★★☆2026-08-31 22:07

Japan Inc is betting big on India as China risks deepen
Japan Inc is betting big on India as China risks deepen

Is Russia’s fuel crisis a temporary squeeze or the collapse of an industry?

Economists Sergey Vakulenko and Vyacheslav Shiryaev debated the scale of Russia’s fuel crisis after strikes on oil refineries. Vakulenko estimated refining had declined by 25–28%, while Shiryaev said 65–70% of capacity had been knocked out and accused optimistic assessments of prolonging the war. They also disputed gasoline, diesel, and gas-station supply figures.

Macro & central banksEnergy & commoditiesCompanies & industryRussiafuel crisisoil refiningenergy economy

MMeduzaOriginal★★★☆☆2026-08-31 20:22

Is Russia’s fuel crisis a temporary squeeze or the collapse of an industry?
Is Russia’s fuel crisis a temporary squeeze or the collapse of an industry?

Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon

President Donald Trump said Friday that the United States had secured majority control of Venezuela’s 65 billion barrels of proven oil reserves, but the deal is not expected to bring down gasoline prices soon.

Energy & commoditiesCompanies & industryDonald TrumpVenezuelaoil deal

CCNBCOriginal★★★☆☆2026-08-31 18:54

Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon
Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon

Polyus’ adjusted IFRS net profit drops 59% to $829 million in first half

Gold miner Polyus reported a 59% year-on-year decline in adjusted IFRS net profit to $829 million in the first half of 2026. Revenue rose 27% to $4.7 billion, partly supported by higher realized gold prices despite lower sales volumes. Capital spending reached $946 million, while total cash cost increased 64% to $1,069 per ounce.

Macro & central banksEnergy & commoditiesCompanies & industryPolyusgold miningnet profitRussian economy

TTASSOriginal★★★☆☆2026-08-31 18:35

Polyus’ adjusted IFRS net profit drops 59% to $829 million in first half

Why $2B in corporate Bitcoin treasuries may be a ticking time bomb of conditional supply

Corporate Bitcoin holdings can obscure rights created by options, collars and secured loans. Disclosures from CleanSpark, PowerCompute and USBC show that Bitcoin may be delivered, used to cover debt, have its upside capped or remain under lender control, while figures from different companies and structures cannot be combined into one exposure total.

MarketsCryptoCompanies & industryBitcoinCorporate treasuriesOptionsCrypto finance

CCryptoSlateOriginal★★☆☆☆2026-08-31 18:10

Why $2B in corporate Bitcoin treasuries may be a ticking time bomb of conditional supply
Why $2B in corporate Bitcoin treasuries may be a ticking time bomb of conditional supply

Sber expects 2026 profit to significantly exceed last year's

Sberbank expects its 2026 profit to be well above the 2025 level, although growth may come in just under 20%, finance head Taras Skvortsov said. He noted that economic conditions, particularly in the second half of the year, are more difficult than last year, but not severe enough to produce negative growth.

Macro & central banksBanking & financeCompanies & industrySberbankprofit growthRussian economy

TTASSOriginal★★☆☆☆2026-08-31 16:16

Sber expects 2026 profit to significantly exceed last year's

India’s GDP grows better-than-expected 7.8% in April-June

India’s economy expanded 7.8% in the April-June quarter, government data showed, comfortably exceeding expectations as stronger investment and manufacturing activity offset weakness in mining and consumer-facing services.

Macro & central banksCompanies & industryIndia economyGDP growthmanufacturing

RReutersOriginal★★★☆☆2026-08-31 15:15

India’s GDP grows better-than-expected 7.8% in April-June
India’s GDP grows better-than-expected 7.8% in April-June
  • India’s April-June economic growth beats forecasts at 7.8%
    India’s April-June economic growth beats forecasts at 7.8%

    India’s economy expanded 7.8% in the April-June quarter, government data showed, surpassing forecasts by a wide margin. A surge in investment and manufacturing activity added to robust consumer demand and supported growth in the South Asian economy.

    India economyeconomic growthinvestmentmanufacturing

    RReuters★★★☆☆2026-08-31 12:50Original

SLB expands data center business with $3.4 billion Kelvion deal

SLB said Monday it will buy cooling equipment maker Kelvion from Apollo Global and funds managed by Triton for $3.4 billion in cash. The acquisition expands SLB’s data center business as rapid AI adoption boosts demand for power and cooling infrastructure.

Companies & industryTech & AISLBKelviondata centersartificial intelligence

RReutersOriginal★★☆☆☆2026-08-31 15:10

SLB expands data center business with $3.4 billion Kelvion deal
SLB expands data center business with $3.4 billion Kelvion deal

NYSE parent ICE partners with tZERO on tokenized securities infrastructure

Intercontinental Exchange, the parent of the NYSE, is partnering with tZERO on infrastructure for an upcoming tokenized securities platform. tZERO will serve as a design partner, while ICE will invest in tZERO’s latest financing round.

Macro & central banksCryptoTokenized securitiesIntercontinental ExchangetZERO

TThe BlockOriginal★★☆☆☆2026-08-31 15:04

NYSE parent ICE partners with tZERO on tokenized securities infrastructure
NYSE parent ICE partners with tZERO on tokenized securities infrastructure
  • NYSE owner ICE taps tZERO for tokenized securities push, takes stake in firm
    NYSE owner ICE taps tZERO for tokenized securities push, takes stake in firm

    Intercontinental Exchange, the owner of the New York Stock Exchange, has struck a deal with tZERO and taken a stake in the firm. tZERO said the agreement adds transfer-agent and settlement infrastructure to ICE’s plans for an NYSE-affiliated market for tokenized stocks.

    Intercontinental ExchangetZEROtokenized securitiesNYSE

    CCoinDesk★★☆☆☆2026-08-31 14:44Original

The US Economy Depends on Thriving Cluster Cities

Hollywood’s outlook is more uncertain than usual as production shifts away from Los Angeles, driven or attracted by high costs and tax incentives elsewhere. Paramount’s potential departure from California over an antitrust lawsuit may be unlikely, but the fact that it can be contemplated reflects how dramatically the industry’s economics have changed.

Macro & central banksCompanies & industryUS economyLos AngelesHollywoodfilm industry

BBloomberg NewsOriginal★★☆☆☆2026-08-31 15:00

The US Economy Depends on Thriving Cluster Cities
The US Economy Depends on Thriving Cluster Cities

Why the SEC’s $75 million crypto path is not the same deal Congress is offering

The SEC’s proposal would create rule-based exemptions for certain crypto-asset offerings, including a route allowing up to $75 million over 12 months. Senate Section 103 of the CLARITY Act instead proposes a statutory exemption for qualifying ancillary-asset transactions under an investment contract, capped at the greater of $50 million or 10% of outstanding asset value annually, with a $200 million aggregate limit. The mechanisms, eligible assets, purchaser rules, resale conditions and timing differ, and neither route is currently available.

MarketsCryptoBanking & financeCompanies & industrySECcrypto assetscrypto fundraisingCLARITY Act

CCryptoSlateOriginal★★☆☆☆2026-08-31 14:50

Why the SEC’s $75 million crypto path is not the same deal Congress is offering
Why the SEC’s $75 million crypto path is not the same deal Congress is offering

German union warns of massive opposition in Volkswagen restructuring dispute

Germany’s largest union, IG Metall, warned on Monday that any attempt by Volkswagen to reverse an already agreed restructuring package would meet maximum resistance. It stopped short of threatening strikes before a crucial board meeting scheduled for the end of the week.

Companies & industryVolkswagenGerman unionscorporate restructuring

RReutersOriginal★★★☆☆2026-08-31 14:25

German union warns of massive opposition in Volkswagen restructuring dispute
German union warns of massive opposition in Volkswagen restructuring dispute

Bitcoin treasury firm registers 93% of shares for resale and puts a third of its crypto into options

USBC has registered up to 359.815 million already-issued shares for possible resale by current holders, equal to about 92.7% of its outstanding common stock, without proceeds going to the company. Most are held by Goldeneye 1995 LLC. USBC also disclosed that 34.1% of its Bitcoin treasury is committed to options trading, while about 478 BTC secure an $18 million loan.

MarketsCryptoCompanies & industryUSBCBitcoinshare resaleoptions trading

CCryptoSlateOriginal★★☆☆☆2026-08-31 12:45

Bitcoin treasury firm registers 93% of shares for resale and puts a third of its crypto into options
Bitcoin treasury firm registers 93% of shares for resale and puts a third of its crypto into options

Robinhood Chain tops Ethereum in daily revenue as memecoin trading surges

The two-month-old Robinhood Chain processed a record 5.52 million transactions on Aug. 30. Users launched 22,600 tokens, while memecoin trading tools generated most of the network’s $2.66 million in revenue, putting it ahead of Ethereum for the day.

MarketsCryptoCompanies & industryRobinhood ChainEthereummemecoinscrypto

CCoinDeskOriginal★★☆☆☆2026-08-31 11:53

Robinhood Chain tops Ethereum in daily revenue as memecoin trading surges
Robinhood Chain tops Ethereum in daily revenue as memecoin trading surges

Oshawa plant adds truck as unionized Canadian GM members ratify new deals

Unionized Canadian General Motors workers have ratified three-year collective agreements. The contracts raise wages to $50.20 an hour for full-rate production workers and $62.71 for skilled trades workers, while the Oshawa plant adds truck production.

Companies & industryOshawaGeneral Motorsunion contracts

CCBC NewsOriginal★★☆☆☆2026-08-31 11:24

Oshawa plant adds truck as unionized Canadian GM members ratify new deals

PetroChina first-half profit rises 22% as oil prices offset Iran war supply shock

PetroChina said it is gradually restoring operations at its Middle Eastern projects after the US-Israeli war in Iran severely disrupted global energy flows. The company reported first-half net profit of 103.9 billion yuan, up 22 per cent, with higher crude prices supporting upstream earnings and natural gas offsetting weaker oil output.

Energy & commoditiesCompanies & industryPetroChinaoil pricesenergy supplyIran war

SSouth China Morning PostOriginal★★★☆☆2026-08-31 11:23

PetroChina first-half profit rises 22% as oil prices offset Iran war supply shock
PetroChina first-half profit rises 22% as oil prices offset Iran war supply shock

Software companies pay steep price to buy time against AI threat

Private equity groups face a $40bn maturity wall in 2028 as they seek to refinance software buyouts made during the Covid era, while companies pay heavily for time to respond to the threat from artificial intelligence.

MarketsCompanies & industryTech & AIsoftware companiesartificial intelligenceprivate equityrefinancing

FFinancial TimesOriginal★★☆☆☆2026-08-31 11:00

Software companies pay steep price to buy time against AI threat

Russia plans to produce 2.8 million vehicles annually by 2035, deputy PM says

Russia plans to produce about 2.8 million vehicles a year by 2035 under the target scenario of its automotive industry development strategy, First Deputy Prime Minister Denis Manturov said. The share of Russian products in the domestic new-vehicle market is expected to rise to 80%.

Companies & industryRussiaautomotive industryindustrial strategy

TTASSOriginal★★★☆☆2026-08-31 09:22

Russia plans to produce 2.8 million vehicles annually by 2035, deputy PM says

Hot property: Big banks and fashion stores seek cheaper, eye-catching Hong Kong retail space

Tenants ranging from major banks to fashion brands are taking advantage of potentially lower rents in prime Hong Kong retail areas, using prominent sites to increase customer visibility, agents say. HSBC is opening its first flagship branch at Capitol Centre, formerly occupied by Chanel, Victoria’s Secret and Forever 21, while preparing to close two branches in Causeway Bay.

Banking & financeCompanies & industryReal EstateHong Kong retailcommercial propertyHSBC

SSouth China Morning PostOriginal★★☆☆☆2026-08-31 09:00

Hot property: Big banks and fashion stores seek cheaper, eye-catching Hong Kong retail space
Hot property: Big banks and fashion stores seek cheaper, eye-catching Hong Kong retail space

China’s Factory Activity Contracts in August Despite Uptick in Export Demand

An official survey indicates that China’s factory activity contracted in August, even as export demand improved and remained strong.

Macro & central banksTrade & sanctionsCompanies & industryChina economymanufacturingexport demand

TThe Associated PressOriginal★★★☆☆2026-08-31 07:30

China’s Factory Activity Contracts in August Despite Uptick in Export Demand
China’s Factory Activity Contracts in August Despite Uptick in Export Demand

In Numbers: China’s data industry surpasses $1 trillion in 2025

China’s data industry reached 6.78 trillion yuan, or about $1 trillion, in 2025, growing 15.7% from the previous year. The 2026 development report said the country had 482,000 data enterprises by the end of the year, up 17.9% year on year.

Macro & central banksCompanies & industryChina data industrydigital economydata enterprises

CChina News ServiceOriginal★★★☆☆2026-08-31 07:24

In Numbers: China’s data industry surpasses $1 trillion in 2025

Yili reports first-half growth in revenue and core operating profit

Yili Group reported first-half 2026 revenue of 64.49 billion yuan, up 4.13% year on year, while core operating profit rose 10% to 8.38 billion yuan. The company plans to repurchase and cancel up to 2 billion yuan of shares and expects overseas business to grow at a double-digit rate for the full year.

Companies & industryYili Groupearnings growthdairy industryoverseas expansion

CChina News ServiceOriginal★★☆☆☆2026-08-31 07:08

Yili reports first-half growth in revenue and core operating profit