23rd China-ASEAN Expo opens in Nanning
The 23rd China-ASEAN Expo and China-ASEAN Business and Investment Summit opened in Nanning on Thursday under the theme “CAFTA 3.0 Opportunities, Better Life.”
The 23rd China-ASEAN Expo and China-ASEAN Business and Investment Summit opened in Nanning on Thursday under the theme “CAFTA 3.0 Opportunities, Better Life.”
S&P Global has agreed to acquire smart-contract security firm OpenZeppelin, extending its digital-asset business into the security infrastructure behind stablecoins, tokenized funds and decentralized finance. OpenZeppelin will remain a separate unit under its own name, with CEO Demian Brener staying on. Financial terms were not disclosed, and closing conditions remain.

A senior Glencore executive who oversaw the company’s relationship with embattled iron ore trader Radiant World has been suspended while Glencore reviews its dealings with the firm, according to a person familiar with the matter.
The Federal Aviation Administration said Thursday it approved a waiver from aircraft emissions rules, allowing Boeing to sell 35 additional 777F freighters after 2028.
Many Nigerians bought shares for the first time in Aliko Dangote’s oil refinery after more than four billion shares went on sale. The IPO sparked intense enthusiasm, crashed investment apps and inspired the “Yangote” slogan, though analysts warned that refinery and market risks could cause investors to lose some or all of their money.

Hong Kong shopping mall operators are extending a strategy used during this year’s Fifa World Cup into the Asian Games, using major sporting events to attract visitors and support tenant sales as retailers face competition from Shenzhen, overseas shopping and online spending. Sino Group expects foot traffic at four malls to rise during its campaign.

Jeep parent Stellantis told employees at a Toronto-area factory that it sees no long-term business case for building vehicles there and is considering selling the facility, raising the prospect of a work stoppage.
Shapoorji Pallonji Group, the second-largest shareholder in India’s Tata Sons, has proposed selling part of its holding in the parent company, valued at 250 billion rupees ($2.61 billion), Tata Trusts said in a statement on Thursday.
HighPeak Energy is considering a sale after attracting acquisition interest, according to three people familiar with the matter. The U.S. oil and gas exploration and production company, focused on the Permian Basin, is weighing its options.
A discussion focuses on how business schools and MBA students are responding to rapid advances in AI and policies from the Trump administration.
Touchscreens and self-checkout machines were meant to make shopping and dining easier. Now restaurants and retailers are abandoning them to make stores feel more human and to attract workers.
Credit Acceptance Corp agreed to pay $710 million to settle allegations brought by 40 U.S. states and Washington, D.C. The company was accused of steering thousands of low-income borrowers with poor credit into predatory car loans it knew they could not afford.
A decree signed by Vladimir Putin places the Russian subsidiaries of France’s Auchan and Switzerland’s Nestlé under temporary management by L.E.V. Management. It also covers Adeo’s 0.007% stake in Leroy Merlin’s Russian entity. Neither Auchan nor Nestlé left Russia after the 2022 invasion, though Nestlé reduced its operations.
US regulators are seeking interviews with Guggenheim Partners employees as they look for evidence of potential wrongdoing across Chief Executive Officer Mark Walter’s business empire.
Airlines are reducing more flights this year as high fuel prices put pressure on their operations, including cheaper flight options.
A union is urging Stellantis not to close or sell its plant in Brampton, Ont., after the automaker signalled that a sale may be considered.
With the midterm elections approaching, President Trump quickly pushed back against the Federal Reserve’s rate hike. The discussion asks what may happen next.

The Federal Reserve raised rates by 0.25% on Wednesday, its first increase since 2023, to help slow inflation. NBC’s Brian Cheung explains the potential effects on credit cards, mortgages, food and gasoline prices.
Crude prices are surging again, but retail traders need to be extremely cautious when navigating the shifting market landscape.
Mark Carney received a warm welcome in the European Parliament after endorsing a proposal for Canada to become the EU’s first associate member. Yet the term has no legal definition, leaving member states to determine its substance, while trade ratification, single-market rules and competing buy-national policies pose further obstacles.


Speaking to the European Parliament, Canadian Prime Minister Mark Carney welcomed the prospect of Canada becoming the EU’s first associate member. He called for deeper cooperation on critical minerals, defence, AI, energy, space, payments and digital trade, saying the alliance should be a “beacon for democracies” rather than a force that dominates others. Donald Trump threatened tariffs or trade restrictions if the proposal advances.
Canadian Prime Minister Mark Carney said Thursday that he welcomed the European Union’s proposal for Canada to become the bloc’s first “associate member”. Addressing EU lawmakers in Strasbourg, he said Canada and Europe were each strong but would be stronger together.

Canadian Prime Minister Mark Carney welcomed the European Union’s invitation for Canada to become its first associate member, saying they are “stronger together.” U.S. President Donald Trump had previously called the prospect “laughable.”

Speaking to the European Parliament, Canadian Prime Minister Mark Carney welcomed the EU’s ambition to create an associate-membership relationship for Canada, highlighting shared security, economic interests and democratic values. His remarks came amid a worsening Canada-US trade rift, with Donald Trump threatening tariffs or an end to some trade with Europe if the plan proceeds.

The European Union says its partnership initiative with Canada is not directed at the United States. The statement follows Donald Trump’s warning that Washington could impose “very heavy tariffs” if the initiative were judged to have bad intentions.

European Commission President Ursula von der Leyen floated the idea of Canada becoming an associate member of the EU in a speech, without explaining what that would involve. European newspapers have reacted sceptically.

Canadian Prime Minister Mark Carney is due to address the European Parliament on Thursday, a day after US President Donald Trump called Canada’s bid for EU associate membership a “hostile act.” Trump warned he could stop trading with Europe and impose “very serious tariffs” if the bid succeeds.

Donald Trump threatened “very serious tariffs” or an end to trade with Europe after the EU proposed making Canada its first associate member. Calling the idea “laughable” and potentially a “hostile act”, he said the response would depend on whether the move had good or bad intentions. Ursula von der Leyen said the partnership was intended to strengthen the EU, not target anyone.
President Donald Trump said he could impose new tariffs on goods imported from the European Union, or even cut off some trade, if he judged efforts to make Canada a potential associate member of the bloc harmful to the US.
Roberta Metsola told Euronews that the proposed associate membership with Canada would deepen cooperation with like-minded countries and could encourage additional countries to pursue the same path, including Australia and New Zealand.
European People’s Party MEP David McAllister described the EU’s relationship with Canada as “very unique”. He said Commission President Ursula von der Leyen appeared intent on taking it “to the next level” after proposing a tailor-made “associate membership” status for Ottawa.
Donald Trump said the United States could impose very serious tariffs on many European goods or halt trade with Europe if he viewed Canada’s proposal for associate membership in the European Union as a hostile act.
Brussels says Canada’s potential associate membership of the European Union is not directed against anyone, as Canadian Prime Minister Mark Carney prepares to give a much-anticipated speech at the European Parliament.

US President Donald Trump has threatened steep tariffs on the European Union if it proceeds with a proposal to make Canada its first “associate member,” calling the move potentially “hostile.” Canadian Prime Minister Mark Carney is pursuing closer EU ties as he seeks to pivot away from the US and is due to address the European Parliament on Thursday.
The European Union’s plan to make Canada an “associate member” has angered Donald Trump. The European Parliament in Strasbourg is filling up ahead of Canadian Prime Minister Mark Carney’s much-anticipated speech.

President Trump is unhappy with the Federal Reserve’s rate hike and with the European Union inviting Canada to become an “associate member” of the bloc.
U.S. President Donald Trump threatened action against the European Union if it advances European Commission President Ursula von der Leyen’s proposal to make Canada the bloc’s first associate member.
European Parliament President Roberta Metsola speaks exclusively to Euronews after Ursula von der Leyen proposed making Canada the EU’s first “associate member.” Donald Trump has threatened “very serious tariffs” over the plan, while Canadian Prime Minister Mark Carney is due to address Parliament in Strasbourg today.
The US trade war is pushing Canada towards Europe. European companies in defence, aerospace and industrial technology could be among the first to benefit from closer ties.
Trump warned on Wednesday that he would impose heavy tariffs on Europe if he deemed the EU’s intentions unfavourable, while leaving open the possibility of avoiding them if its intentions were not.
President Donald Trump said the United States could stop trading on many items with European countries, or impose very heavy tariffs, if Canada is granted associate-member status in the European Union. He said the response would depend on whether he viewed the move as hostile and on European leaders’ intentions. Ursula von der Leyen said the EU would invite Canada to become its first associated member.

The EU has signaled that Canada could become its first associate member. President Donald Trump called the prospect “laughable” and potentially a “hostile act,” threatening serious tariffs, trade restrictions or sanctions against the bloc.

Donald Trump has called the EU’s proposal to make Canada its first associate member “laughable” and a “hostile act,” threatening “very serious tariffs” or an end to trade with Europe. Ursula von der Leyen proposed closer cooperation with Canada on technology, defence and energy, as Ottawa seeks to diversify its ties.

Donald Trump threatened tariffs against the European Union over its proposal to open the bloc to Canada as its first associate member, calling the move a “hostile act.” European Commission President Ursula von der Leyen said the 27-member bloc is opening the door to Canada’s associate membership.

US President Donald Trump threatened heavy tariffs against the European Union over its proposal to make Canada the bloc’s first “associate member,” suggesting the move could be hostile to the US. He also said Washington might cut trade with Europe, as Canada seeks closer ties with the EU amid worsening relations with the US.
The enormous wealth generated by Anthropic and OpenAI is overshadowing layoffs and an uncertain job market in San Francisco, leaving jobless tech workers outside the city’s AI boom.
The failure of the Clarity Act could put the United States behind foreign markets in the short term as the crypto industry looks elsewhere for legal certainty. Rules from the SEC and CFTC are still expected to help underpin the sector.

Large, gas-guzzling pickup models continue to sell well because they can tow and haul heavy loads. Against lackluster electric-vehicle sales, GM is promoting new V-8 engines as competition with Ford and Ram heats up again.

China is speeding up manufacturing transformation through smart technologies, greener production and closer industrial integration. By the end of 2025, numerical control covered 68.6% of key processes in major industries. China had also built more than 35,000 basic-level, 8,200 advanced-level and 500 excellent-level intelligent factories, while expanding industrial robots, electric vehicles, lithium batteries, photovoltaics and industrial internet platforms.

Growing demand among Chinese customers for personal expression and cultural experiences is raising standards in the country’s hospitality sector and creating opportunities for leading lifestyle hotel brands, according to a senior director at Hong Kong developer Hang Lung Properties. He said an ideal hotel should redefine hospitality through personal touches.

S&P Global has agreed to acquire OpenZeppelin as it expands its onchain security efforts. OpenZeppelin will continue operating as a standalone business unit under S&P Global, while the financial terms were not disclosed.


Ratings company S&P Global is acquiring OpenZeppelin in a move focused on the technological risks banks and asset managers face onchain. The deal follows S&P Global’s recent investment in market-data firm Kaiko.
Germany’s finance minister called for tougher EU tariffs on Chinese carmakers while visiting Volkswagen’s crisis-hit headquarters. Chinese brands are on course to sell more than one million cars across Europe in 2026.
A dusty dairy town’s enthusiasm for options trading captures the story of a multibillion-dollar retail wipeout and the regulatory crackdown that followed.
Chinese automakers are stepping up their search for European production sites as the EU is expected to introduce local-content rules. A BYD adviser for Europe says he repeatedly encounters rival executives in airport lounges pursuing the same goal.
Bitcoin held near $76,500 on Sept. 17 as realized cap contracted for the first time after 27 straight days of growth, while U.S. spot Bitcoin ETFs posted a second day of net outflows. Glassnode said two closes above $76,700 with renewed realized-cap growth would restore the prior range; otherwise, attention could shift to $71,300 and the $62,000–$65,000 support zone.

Zcash miner Fortitude has appointed former Hut 8 chief Jaime Leverton as CEO. The DCG-owned company is pursuing a public listing through its proposed merger with HeartSciences.

Eurasian Economic Commission Board Chairman Bakytzhan Sagintayev says ratification of the Eurasian Economic Union’s free trade agreement with Indonesia is under way and the deal is expected to take effect by the end of the year. Signed in December 2025, it is expected to reduce tariffs on about $3 billion in bilateral trade.
Three German states that host the country’s largest carmakers urged the government and European Union leaders on Thursday to accelerate support measures as the industry confronts what they called “historic disruptions.”
German Vice Chancellor Lars Klingbeil said on Thursday that the European Union should broaden tariffs on Chinese imports to cover hybrid cars, arguing that manufacturing subsidies in China threaten Volkswagen and other domestic automakers.
The term “Yak Revolution” refers to Tibetan and Qiang communities’ support for the Red Army across the grasslands of what is now Aba. Today, Hongyuan County’s Maiwa yak industry is an economic pillar, with about 475,000 yaks, 638 family pastures and a livestock market described as the largest in the Sichuan-Gansu-Qinghai region.

The UK’s Financial Conduct Authority has opened an anti-money laundering investigation into a payment firm.
The South African rand strengthened in early Thursday trading, supported by steady commodity prices after the U.S. Federal Reserve raised interest rates and signalled that further monetary tightening could follow.
Shares in German spirits maker Berentzen rose about 22% to a 14-month high after the company confirmed negotiations over a potential takeover offer from New Orleans-based alcohol producer Sazerac.
British fashion retailer Debenhams Group said first-half core profit rose 13.9%, supported by its move to a marketplace model and renewed growth at key brands including PrettyLittleThing, boohoo and Karen Millen.
Sun Guangqing’s prefabricated-home factory opened in China in 2022, as the property sector entered a prolonged crisis and just months before Beijing lifted pandemic curbs. Those developments crippled its two main sources of demand, pushing the factory toward exports.
Sweden-based Volvo Cars plans to introduce 13 models by 2030 as it expands its lineup and seeks to revive sales. The automaker announced the plan ahead of an investor day in Stockholm on Thursday.
The European Union has asked China to voluntarily limit hybrid-car exports, the Financial Times reported on Thursday, as part of efforts to avoid a trade war.
Volkswagen’s sweeping restructuring appears likely to bring an end to its struggling Spanish marque Seat. Experts foresee broad consolidation across the auto industry, potentially making Seat the first major car brand to fall victim to the rise of Chinese automakers.
Hong Kong plans to adjust listing rules to attract IPOs from mainland Chinese space companies as activity grows in line with Beijing’s priorities. SpaceX’s blockbuster June listing has added momentum, potentially intensifying competition between Hong Kong’s exchange and the Shanghai Stock Exchange, which currently attracts most such applications.

The 23rd China-ASEAN Expo opened Thursday in Nanning, capital of Guangxi Zhuang Autonomous Region. More than 3,400 companies from over 70 countries and regions are attending. Timor-Leste is a co-organizer for the first time, bringing all 11 ASEAN members together in Nanning after the bloc’s expansion. The China-ASEAN Business and Investment Summit also opened.

The 23rd China-ASEAN Expo opened in Nanning with more than 3,400 companies from over 70 countries and regions. The event highlights the upgraded CAFTA 3.0 framework, artificial intelligence and the newly opened Pinglu Canal as avenues for trade, supply-chain and regional cooperation.
The owners of European cinema chain Vue are considering a London listing, seeking to capitalise on a blockbuster summer in a deal valued at £1.5bn.
The 28th China Ice Cream and Frozen Food Industry Expo opened at Tianjin’s Meijiang Convention and Exhibition Center, bringing together 560 companies. The three-day event spans more than 50,000 square meters, features over 10,000 products and services, and is expected to attract more than 60,000 buyers and visitors from over 120 countries and regions.
The yen has strengthened quickly over the past two weeks, but remains historically weak. Japan’s corporate leaders are sounding the alarm, and even companies earning dollars are expressing concern.

The EU issued an antitrust warning on Wednesday over MMG’s proposed purchase of Anglo American’s Brazilian nickel business. Regulators said the Hong Kong-listed mining and metals company could divert supply away from Europe, harming European stainless steel producers.
Bitcoin miners have signed more than $100 billion in AI contracts while producing only about $1.1 billion in annualized revenue. CoinShares says over 4 gigawatts of AI and HPC capacity is contracted, but roughly 550 megawatts is billing. Investors are rewarding the pivot because grid-connected power has become scarce, despite costly retrofits and the loss of some mining operations.

US retail sales posted their biggest increase in five months, with gains spread across a broad range of categories. The figures showed consumers continued spending despite higher gasoline prices.
BYD’s special adviser for Europe says the Chinese automaker will eventually need three vehicle assembly plants and one battery factory on the continent to pursue its growth plans and comply with EU regulations.
Ukraine’s largest private energy company, DTEK, secured an $85 million loan from the U.S. International Development Finance Corporation for a battery storage project, its biggest wartime transaction. The financing will help expand storage and stabilize the grid as Russia continues targeting Ukraine’s energy facilities, while DTEK says the deal could encourage more foreign investment.

Boeing’s CEO said stabilizing production of the 737 Max is taking longer than expected.

Higher energy prices caused by the Iran war could add nearly €7.4 billion ($8.5 billion) to the costs faced by Spanish manufacturers through the end of 2026, an industry lobby group said on Wednesday.
Target has announced that Target Circle Week will return this fall on Oct. 6 and 7, the same dates as Amazon’s October Prime Day this year.

U.S. business inventories grew more than expected in July as retailers and wholesalers replenished stocks to meet robust demand, indicating that inventories may contribute to economic growth in the third quarter.
Diesel, the fuel used to power trucks and trains, reached an all-time high of $6.31 per gallon on Wednesday, prompting transport companies to raise the alarm over fuel costs.

American Airlines says roughly 30% of its seats now generate half of its revenue, as demand for premium-cabin travel heats up.

Unilever is refusing to discuss the IUF’s demand that a two-year employment guarantee agreed with European workers under its planned food business merger with McCormick be extended to all employees worldwide, the union body said in a memo seen by Reuters.
Carney’s pitch for money comes with an emphasis on moving quickly, while the Canada Investment Summit also offers plenty of people-watching.
The health technology company will need more than celebrity endorsements to justify its $16bn valuation.
German state-owned energy company SEFE said it had independently raised its natural gas storage levels as Europe heads into winter with inventories at their lowest in years.
A senior Nissan executive says the UK may need to impose trade tariffs on Chinese cars if it wants equal treatment under the European Union’s local-content rules.
U.S. retail sales rebounded more than expected in August, underscoring the economy’s resilience even as consumers become increasingly concerned about high inflation.
Florida car dealer Bill Wallace says most customers lately have been asking about hybrid vehicles, hoping to ease the pressure of high gasoline prices.
Investors have approached OpenAI about a new funding round as the company prepares for what is widely expected to be a blockbuster IPO next year, following its confidential prospectus filing in June.

Russia’s share of the oil and gas equipment market could rise by two percentage points to 82% this year, Industry and Trade Minister Anton Alikhanov said. The market totaled 294 billion rubles ($3.48 billion) in the first half of 2026 and could reach 800 billion rubles ($9.47 billion) by year-end.
Industry and Trade Minister Anton Alikhanov said Russia had raised its independence from imported oil and gas equipment to nearly 80% by the end of last year and aims to reach 90% localization by 2030. He said production must be mastered for 220 critical items; 55 are in serial production, 56 are undergoing prototype tests and more than 80 R&D projects are underway.
Federal employees were paid $9.5 billion not to work in 2025, according to the Government Accountability Office. Federal data also showed that the workforce shrank by roughly 216,000 employees.

Kraft Heinz sells about two million bottles of ketchup daily and owns more than 200 brands, including Lunchables and Capri Sun. NBC’s Vicky Nguyen speaks with new CEO Steve Cahillane about the company’s direction as consumers seek less-processed foods and cheaper store brands.


Kraft Heinz CEO Steve Cahillane says changes in the grocery marketplace require the company to shift strategy so its legacy brands remain affordable for shoppers watching their spending.
Higher oil prices and Treasury yields are raising energy and borrowing costs for U.S. households, prompting consumers to rely more heavily on savings. The estimated burden is $1,700 per household.

Egypt plans to pair a 2,000-megawatt wind project with its first turbine manufacturing plant, aiming to turn renewable energy expansion into an industrial opportunity. The approach could offer lessons for Nigeria and other African countries.
Official data showed that China’s August economy was driven by booming emerging industries and strong foreign trade. Value-added in high-tech and digital product manufacturing rose 16.7% and 15.7% year on year, while goods trade reached 4.65 trillion yuan, up 19.8%.

Kazakhstan and Gazprom have signed an amendment to their gas supply contract and plan to begin discussing a long-term agreement by the end of the year, Deputy Energy Minister Kaiyrkhan Tutkyshbayev said. He called Russia Kazakhstan’s strategic partner. Purchases are expected to reach about 11 bcm in 2026, with roughly 9 bcm under discussion for 2027.
Kazakhstan will purchase about 11 billion cubic meters of gas from Gazprom in 2026, up from 4 bcm last year, Deputy Energy Minister Kaiyrkhan Tutkyshbayev said. He added that the two sides are discussing supplies of around 9 bcm for 2027, after technical issues affected major fields this year.
Labour representatives at German auto supplier Bosch called on Wednesday for political action at the European Union level to curb job losses in the industry by creating rules that encourage local production.
John Lai Sung-ziang, a third-generation member of a long-established Hong Kong developer family, agreed to buy a 2,888-square-foot, four-bedroom high-floor flat at Estoril Court in Mid-Levels for HK$98.8 million on August 31. Weeks earlier, the family sold a long-held property in North Point, highlighting capital moving between real estate sectors.

Scanning QR codes with mobile phones to make payments has become almost ubiquitous in India over the past decade, driven by the widely used homegrown Unified Payments Interface (UPI) network.
Shares of Indian payment companies rose on Wednesday after the national payments authority introduced a fee on selected merchant transactions above 2,000 rupees, or about $20, made through a popular homegrown payment interface. The move improved expectations for firms’ revenue prospects.
American Chamber of Commerce in Russia head Robert Agee said US companies are chiefly awaiting the removal of the ban on new investment in Russia imposed by Joe Biden’s administration. He said the restriction is costing them profits, market share and brand value, while businesses also hope for restored bank transfers and eased aviation and medical-technology export controls.
The 2026 Guangdong Fashion Week Autumn Session opened in Panyu, Guangzhou, alongside the release of a 2026-2028 action plan for high-quality development of the province’s garment industry. The plan promotes innovation centers, AI-assisted design, smart manufacturing, creative clusters, consumer brands and overseas expansion through cross-border e-commerce and warehouses.
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