China iPhone Sales Plunged in July
Foreign branded smartphone sales fell by 31.3% year-on-year, reflecting consumer economic uncertainty combined with resentment over exorbitant US tariffs.
Business
Taiwan Exports Surge on AI Demand but Tariffs Dim Outlook
The insatiable demand for chips for AI data centers produced a 15.2% jump in exports for July.
US Mulls Possible Stakes in Chip Sector
Taking an equity stake in key chip manufacturers building US plants may put the US on a slippery slope toward China-style state-owned enterprises.
China Concocts Cartel Scheme to Ease Solar Panel Overcapacity
By forcing stronger solar panel makers to buy weaker ones, then combine into a cartel to fix prices, Beijing hopes to end hypercompetition.
Son's Close Ties with Tan Behind Token $2 Bil. Intel Stake
Masayoshi Son has cultivated close ties with the leaders of the US chip sector, including Jensen Huang, and is going on the offensive to grow ...
Trump Tariffs Force India Shrimp Farmers to Consider Switch
Indian shrimp farmers have become major suppliers to US supermarket chains like Walmart and Kroger, but are now considering switching to farming fish.
China Takes Up Slack from Falling India Demand for Russian Oil
As India reduces purchases of Russian oil under pressure from Trump tariff threat, China steps in to buy up about 12 million barrels of Russian ...
Japan July Exports Plunged Most Since Covid
The devastating impact of Trump tariffs are beginning to be logged by even the closest of US, portending a global slowdown that won't spare the ...
Tesla Begins Taking Orders for Model Y L for China
The redesigned upgrade of the aging Model Y is priced at $47,184 as a growing field of domestic EV models erode Tesla's China market share.
Softbank Pumps $2 Billion into Intel
The oldline US chipmaker tapped by Trump to help rebuild domestic chipmaking capacity gets a much-needed Softbank investment just days after Trump suggested a possible ...
Homebuilder Sentiment Dips Unexpectedly in August
Homebuilder sentiment improved slightly in the West but dipped to the lowest level since 2022 in the rest of the country.
AI Agents Essential for Virtually All Video Game Developers
The video game industry cuts jobs as more developers rely on AI agents to improve efficiency by speeding up routine tasks involving text, voice, code, ...
Christmas Celebrations Dimmed by China Tariffs
Tariffs and uncertainties surrounding further tariffs have severely depleted expected inventories of fake firs and other Christmas decor.
Tesla Discounts UK Lease Payments by 40% As Sales Dive
A 60% sales plunge for the month of July combined with lack of storage space forces Tesla to offer massive lease payment discounts.
Meta Plans 4th Overhaul of AI Efforts
As Meta keeps raising the number of billions it's pouring into its push to accelerate AI development, it keeps revising the structure of its efforts.
Manufacturing Output Stalls in July
Tariff disruptions in the manufacturing supply chains force manufacturers into a lull.
July Retail Sales Rise on Strong Car Demand, Promotions
A solid month for retail volume helps cover up a growing weakness in likely consumer spending as tariff disruptions begin to have a more substantial ...
China's LandSpace Test Launch Fails
The pioneer in building reusable methane-fueled rockets cited an "anomaly" for the test rocket's failure soon after launch.
Taiwan's 2025 GDP Growth Expected to Beat Forecasts
Surging chip demand from tech giants puts Taiwan's GDP growth on track to grow 4.45%.
US Government May Take Stake in Intel
In the wake of Intel CEO Lip-Bu Tan's meeting with Trump, the administration is thought to be in talks to take a stake in struggling ...
July Producer Prices Jump Foreshadows Growing Tariff Pain
The surge in cost of services shows that that tariff impact extends beyond imported goods, sounding alarm bells for higher inflation to come.
Foxconn Revenues Surge As AI Server Production Surpasses Smartphones
Contract manufacturing of AI cloud servers for Nvidia, Amazon and others now account for the higherst share of Foxconn's global revenues for the first time.
China to Ask State-Owned Firms to Buy Up Unsold Home
To reduce the oversupply of homes from struggling developers Beijing plans to release a $42 billion fund to buy excess housing inventory.
Apple Plans to Add Blood-Oxygen Feature to Watches
Having put behind the dispute with Maximo over pulse-oxymetry technology Apple will use a software update to add the feature to several of its watches.
China Robot Olympics Showcase AI Wizardry
Humanoid Robots from 16 countries compete in sports like football, table tennis and track and field to show off capabilities enabled by progress in integrating ...
Cony D'Cruz's Superluminal Scores $1.3 Bil. Deal with Lilly
Superluminal's drug-development accelerator platform will be made exclusively available to Eli Lilly for obesity drug development.
China July Factory Output, Retail Sales Slump
Trump tariffs added to China's already weakening consumer demand and excessive competition to drive down factory activity and consumer confidence.
AI-Based Just-in-Time Inventory Helps Businesses Beat Tariffs
Managing inventory on hand to minimum levels needed to service demand helps manufacturers minimize costs and offset the toll of Trump tariffs.
July EV Sales Reflects China Slowdown, EU Growth
European commitment to decarbonization offset slump in China hybrid sales and sluggish growth in US.
Aravind Srinivas' Perplexity Offers $34.5 Bil. for Chrome
The industry-leading browser has become an acquisition target for other tech companies amid expectation that the Justice Department will force Google to divest.
China Factories Cut Prices, Lay Off Workers As Tariffs Cut Demand
Steep US tariffs force Chinese manufacturers to scramble for survival by lowering prices and competing in other smaller markets.
Anthropic Offers ClaudeAI to US Government for $1
OpenAI's ChatGPT, Google's Gemini and Anthropic's Clause race to embed their AI technologies into US government workflows as approved AI vendors qualified to win federal ...
July Core CPI Increase Was Biggest Since January
Excluding volatile food and energy prices consumer prices increased 3.1% as tariffs begin to impact cost of consumer goods.
Musk Threatens to Sue Apple for xAI Ranking on App Store
Elon Musk alleges Apple is favoring ChatGPT in its App Store rankings to promote a tieup with OpenAI.
Nvidia's Blackwell AI GPU May Be Sold in China
A reduced version of Nvidia's next-generation AI GPU may be approved for China export under terms similar to H20 GPUs.
Ford Licenses CATL Battery Tech to Develop Cheaper EV Line
Ford plans to manufacture domestically a line of inexpensive EVs in the $30,000 range using lithium iron-phosphate battery technology licensed from China's CATL.
55% of Indian Exports to Face US Tariffs
The Indian government estimates the huge impact of recent US tariff escalations on its exports sector.
China Knocks Nvidia H20 GPUs As Unsafe, Not Advanced
The downgraded GPUs developed by Nvidia specifically for export to China under US restrictions has become is being targeted by China's official state social media.
Nvidia, AMD Forced to Pay US 15% of China AI Chip Sales
For licenses to sell even dumbed-down AI chips to China, Nvidia and AMD must pay 15% of China revenues to the US government.
SK Hynix Foresees 30% Annual Growth for AI Memory Chips
The Korean maker of high-bandwidth memory chips essential to AI GPUs forecasts 30% growth per year through 2030.
Din Tai Fung Builds a Global Dynasty with Precision Dumplings
What began as a humble Taipei oil shop has become a family-run restaurant chain selling enough luxe dumplings to approach a half billion dollars a ...
Intel's Turnaround Threatened by Trump's Racial Profiling
Intel CEO Lip-Bu Tan has been pushing to implement the kind of domestic chip production revival that aligns with Trump's push for semiconductor self-sufficiency.
China Set to Overtake US As Germany's Top Trading Partner
Trump tariffs and growing reliance on cheap Chinese consumer goods boosts Germany's imports from China even as its own exports to China continues decline.
Justin Kim's Firefly Hits $10 Bil. Valuation on Successful IPO
Headed CEO Jason Kim, the first private space company to achieve a soft lunar landing debuts its stocks amid high demand and expected share price ...
Taiwan Probes Chinese Firms for Poaching Chip Talent
Talent for advanced chip design and manufacturing was poached by 16 Chinese companies doing business illegally in Taiwan.
Sam Altman Touts OpenAI's New GPT-5 As Expert-Level AI Assistant
Investor hopes for returns on the estimated $1 trillion invested in AI by tech giants rely on achieving at least the level of performance ascribed ...
China Seeks to Cut Pig Population
A supply glut amid weak demand has caused pork prices to slide to unsustainable levels for China's massive hog industry.
GM to Import CATL Batteries for Low-End EVs Pending US Production
GM joins other US EV makers in importing CATL's lithium iron-phosphate batteries until US production can begin in 2027.
GM, Hyundai to Co-Develop 5 Vehicles to Take on Chinese Rivals
Competition from Chinese companies targeting the Latin and South American markets has brought together the world's 3rd and 6th largest automakers by volume in joint ...
Beijing Robot Mall Brings Humanoid Helpers to the Masses
Robot Mall brings retail savvy to help China's robot makers sell a wide assortment of robots to ordinary Chinese.
China iPhone Sales Plunged in July
Foreign branded smartphone sales fell by 31.3% year-on-year, reflecting consumer economic uncertainty combined with resentment over exorbitant US tariffs.
Taiwan Exports Surge on AI Demand but Tariffs Dim Outlook
The insatiable demand for chips for AI data centers produced a 15.2% jump in exports for July.
US Mulls Possible Stakes in Chip Sector
Taking an equity stake in key chip manufacturers building US plants may put the US on a slippery slope toward China-style state-owned enterprises.
China Concocts Cartel Scheme to Ease Solar Panel Overcapacity
By forcing stronger solar panel makers to buy weaker ones, then combine into a cartel to fix prices, Beijing hopes to end hypercompetition.
Son's Close Ties with Tan Behind Token $2 Bil. Intel Stake
Masayoshi Son has cultivated close ties with the leaders of the US chip sector, including Jensen Huang, and is going on the offensive to grow ...
Trump Tariffs Force India Shrimp Farmers to Consider Switch
Indian shrimp farmers have become major suppliers to US supermarket chains like Walmart and Kroger, but are now considering switching to farming fish.
China Takes Up Slack from Falling India Demand for Russian Oil
As India reduces purchases of Russian oil under pressure from Trump tariff threat, China steps in to buy up about 12 million barrels of Russian ...
Japan July Exports Plunged Most Since Covid
The devastating impact of Trump tariffs are beginning to be logged by even the closest of US, portending a global slowdown that won't spare the ...
Tesla Begins Taking Orders for Model Y L for China
The redesigned upgrade of the aging Model Y is priced at $47,184 as a growing field of domestic EV models erode Tesla's China market share.
Softbank Pumps $2 Billion into Intel
The oldline US chipmaker tapped by Trump to help rebuild domestic chipmaking capacity gets a much-needed Softbank investment just days after Trump suggested a possible ...
Homebuilder Sentiment Dips Unexpectedly in August
Homebuilder sentiment improved slightly in the West but dipped to the lowest level since 2022 in the rest of the country.
AI Agents Essential for Virtually All Video Game Developers
The video game industry cuts jobs as more developers rely on AI agents to improve efficiency by speeding up routine tasks involving text, voice, code, ...
Christmas Celebrations Dimmed by China Tariffs
Tariffs and uncertainties surrounding further tariffs have severely depleted expected inventories of fake firs and other Christmas decor.
Tesla Discounts UK Lease Payments by 40% As Sales Dive
A 60% sales plunge for the month of July combined with lack of storage space forces Tesla to offer massive lease payment discounts.
Meta Plans 4th Overhaul of AI Efforts
As Meta keeps raising the number of billions it's pouring into its push to accelerate AI development, it keeps revising the structure of its efforts.
Manufacturing Output Stalls in July
Tariff disruptions in the manufacturing supply chains force manufacturers into a lull.
July Retail Sales Rise on Strong Car Demand, Promotions
A solid month for retail volume helps cover up a growing weakness in likely consumer spending as tariff disruptions begin to have a more substantial ...
China's LandSpace Test Launch Fails
The pioneer in building reusable methane-fueled rockets cited an "anomaly" for the test rocket's failure soon after launch.
Taiwan's 2025 GDP Growth Expected to Beat Forecasts
Surging chip demand from tech giants puts Taiwan's GDP growth on track to grow 4.45%.
US Government May Take Stake in Intel
In the wake of Intel CEO Lip-Bu Tan's meeting with Trump, the administration is thought to be in talks to take a stake in struggling ...
July Producer Prices Jump Foreshadows Growing Tariff Pain
The surge in cost of services shows that that tariff impact extends beyond imported goods, sounding alarm bells for higher inflation to come.
Foxconn Revenues Surge As AI Server Production Surpasses Smartphones
Contract manufacturing of AI cloud servers for Nvidia, Amazon and others now account for the higherst share of Foxconn's global revenues for the first time.
China to Ask State-Owned Firms to Buy Up Unsold Home
To reduce the oversupply of homes from struggling developers Beijing plans to release a $42 billion fund to buy excess housing inventory.
Apple Plans to Add Blood-Oxygen Feature to Watches
Having put behind the dispute with Maximo over pulse-oxymetry technology Apple will use a software update to add the feature to several of its watches.
China Robot Olympics Showcase AI Wizardry
Humanoid Robots from 16 countries compete in sports like football, table tennis and track and field to show off capabilities enabled by progress in integrating ...
Cony D'Cruz's Superluminal Scores $1.3 Bil. Deal with Lilly
Superluminal's drug-development accelerator platform will be made exclusively available to Eli Lilly for obesity drug development.
China July Factory Output, Retail Sales Slump
Trump tariffs added to China's already weakening consumer demand and excessive competition to drive down factory activity and consumer confidence.
AI-Based Just-in-Time Inventory Helps Businesses Beat Tariffs
Managing inventory on hand to minimum levels needed to service demand helps manufacturers minimize costs and offset the toll of Trump tariffs.
July EV Sales Reflects China Slowdown, EU Growth
European commitment to decarbonization offset slump in China hybrid sales and sluggish growth in US.
Aravind Srinivas' Perplexity Offers $34.5 Bil. for Chrome
The industry-leading browser has become an acquisition target for other tech companies amid expectation that the Justice Department will force Google to divest.
China Factories Cut Prices, Lay Off Workers As Tariffs Cut Demand
Steep US tariffs force Chinese manufacturers to scramble for survival by lowering prices and competing in other smaller markets.
Anthropic Offers ClaudeAI to US Government for $1
OpenAI's ChatGPT, Google's Gemini and Anthropic's Clause race to embed their AI technologies into US government workflows as approved AI vendors qualified to win federal ...
July Core CPI Increase Was Biggest Since January
Excluding volatile food and energy prices consumer prices increased 3.1% as tariffs begin to impact cost of consumer goods.
Musk Threatens to Sue Apple for xAI Ranking on App Store
Elon Musk alleges Apple is favoring ChatGPT in its App Store rankings to promote a tieup with OpenAI.
Nvidia's Blackwell AI GPU May Be Sold in China
A reduced version of Nvidia's next-generation AI GPU may be approved for China export under terms similar to H20 GPUs.
Ford Licenses CATL Battery Tech to Develop Cheaper EV Line
Ford plans to manufacture domestically a line of inexpensive EVs in the $30,000 range using lithium iron-phosphate battery technology licensed from China's CATL.
55% of Indian Exports to Face US Tariffs
The Indian government estimates the huge impact of recent US tariff escalations on its exports sector.
China Knocks Nvidia H20 GPUs As Unsafe, Not Advanced
The downgraded GPUs developed by Nvidia specifically for export to China under US restrictions has become is being targeted by China's official state social media.
Nvidia, AMD Forced to Pay US 15% of China AI Chip Sales
For licenses to sell even dumbed-down AI chips to China, Nvidia and AMD must pay 15% of China revenues to the US government.
SK Hynix Foresees 30% Annual Growth for AI Memory Chips
The Korean maker of high-bandwidth memory chips essential to AI GPUs forecasts 30% growth per year through 2030.
Din Tai Fung Builds a Global Dynasty with Precision Dumplings
What began as a humble Taipei oil shop has become a family-run restaurant chain selling enough luxe dumplings to approach a half billion dollars a ...
Intel's Turnaround Threatened by Trump's Racial Profiling
Intel CEO Lip-Bu Tan has been pushing to implement the kind of domestic chip production revival that aligns with Trump's push for semiconductor self-sufficiency.
China Set to Overtake US As Germany's Top Trading Partner
Trump tariffs and growing reliance on cheap Chinese consumer goods boosts Germany's imports from China even as its own exports to China continues decline.
Justin Kim's Firefly Hits $10 Bil. Valuation on Successful IPO
Headed CEO Jason Kim, the first private space company to achieve a soft lunar landing debuts its stocks amid high demand and expected share price ...
Taiwan Probes Chinese Firms for Poaching Chip Talent
Talent for advanced chip design and manufacturing was poached by 16 Chinese companies doing business illegally in Taiwan.
Sam Altman Touts OpenAI's New GPT-5 As Expert-Level AI Assistant
Investor hopes for returns on the estimated $1 trillion invested in AI by tech giants rely on achieving at least the level of performance ascribed ...
China Seeks to Cut Pig Population
A supply glut amid weak demand has caused pork prices to slide to unsustainable levels for China's massive hog industry.
GM to Import CATL Batteries for Low-End EVs Pending US Production
GM joins other US EV makers in importing CATL's lithium iron-phosphate batteries until US production can begin in 2027.
GM, Hyundai to Co-Develop 5 Vehicles to Take on Chinese Rivals
Competition from Chinese companies targeting the Latin and South American markets has brought together the world's 3rd and 6th largest automakers by volume in joint ...
Beijing Robot Mall Brings Humanoid Helpers to the Masses
Robot Mall brings retail savvy to help China's robot makers sell a wide assortment of robots to ordinary Chinese.
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