Business Times - Business & Financial News, China & International Breaking News

U.S. Job Growth Slows in August, Setting the Stage for Potential Fed Rate Cuts

Payroll growth misses expectations as unemployment dips, adding complexity to the Federal Reserve's next move.

Google Faces Major Setback as UK Antitrust Watchdog Targets Ad Tech Dominance

British authorities allege Google favored its own services, harming thousands of publishers and adve

7-Eleven Owner Rejects $38 Billion Takeover Bid, Citing ‘Gross Undervaluation’ and Regulatory Hurdles
BMW to Launch First Hydrogen-Powered Vehicle by 2028 Amid Renewed Push with Toyota
Verizon to Acquire Frontier in $20 Billion All-Cash Deal to Expand Fiber Network Reach
Bitcoin Sinks Below $57K Amid Market Jitters and ETF Outflows as Fed Concerns Mount
China's Emerging Tech Cities Lead Best-Performing Cities Index, While Real Estate Slump Hits Others

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Germany Risks China’s Wrath as TSMC Breaks Ground on €10 Billion Chip Plant Amid Global Tech War

Taiwan Semiconductor Manufacturing Co. (TSMC) has officially commenced construction of its first European plant in Dresden, Germany. The €10 billion ($11 billion) project marks a pivotal moment for the continent.

Undocumented Spouses Face Tough Choices Despite Biden’s New Immigration Program

As the Biden administration opens the door for an estimated 500,000 undocumented spouses of U.S. citizens to gain legal status without leaving the cou

China

Beijing's Crackdown Meets Resistance: Jimmy Lai's Not Guilty Plea in Security Law Trial

Hong Kong tycoon and pro-democracy advocate Jimmy Lai stood firm in his plea of not guilty to charges of endangering China's national security.

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Global

Mass-Emailed Bomb Threats Lead to Evacuations, Security Scramble Across U.S. State Capitols

In an alarming series of events that underscored the heightened security concerns facing the nation, Capitol buildings across several states were evacuated and searched due to mass-emailed bomb threats.

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China

U.S. National Debt Hits Record $34 Trillion Amidst Political Gridlock, Raising Long-Term Risks

The U.S. Department of the Treasury revealed that, as of last Friday, the federal debt has surpassed $34 trillion, setting a new record. This amount equals 1.2 times the U.S. GDP. Moreover, this milestone was reached faster than expected. The Congressional Budget Office had forecasted this debt level wouldn't be hit until the fiscal year 2029.

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Finance

China's Banking Giants Tighten Grip to Shield Against Credit Crisis: Report

China's prominent banks are strategically reassessing their relationships with smaller lenders amid a deepening property crisis.

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Company

Maersk Hesitates to Resume Sailing, Questioning the Efficacy of US 'Red Sea Escort': Shipping Leaders See Stock Surge

The global shipping market continues to face uncertainty.

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Tech

US Streaming Market in Disarray: Subscriptions Drop as Inflation and Competitive Pressures Mount

The US streaming market is facing a tumultuous period as inflation continues to bite into American living costs, making it increasingly challenging for streaming services to retain customers. Many companies are under intense pressure to cut costs and improve efficiency while trying to lower service prices and enhance value for money to survive in the market.

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Entertainment

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Sports

UEFA Nations League - League A - Group 2 - Denmark v England

Jadon Sancho Nears Manchester United Exit for Borussia Dortmund Return

Manchester United's Jadon Sancho is reportedly on the brink of a sensational return to Borussia Dortmund, his former club. As the January transfer window unfolds, the talks between the two football giants are said to be advancing rapidly, with both parties keen on a deal that would see Sancho back in action in the Bundesliga.

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Lifestyle

LVMH Fund Invests in Chinese Beauty Brand Blankme's Parent Company, Signaling Confidence in the Industry

L Catterton, the private equity fund of LVMH Group, has made another investment in a Chinese company, this time in the parent company of Blankme, a domestic makeup brand specializing in base makeup products.

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Real Estate

Warning from Fitch: 88% of Major U.S. Cities Have Overvalued Housing Prices

According to reports, Fitch Ratings' latest report indicates that 88% of housing prices in major U.S. metropolitan areas are overvalued.

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Auto

Toyota's Daihatsu Temporarily Halts Production Amid Fabrication Scandal, Plans Compensation for 423 Suppliers

Following a series of safety scandals, Daihatsu Motor Co., Ltd., a wholly-owned subsidiary of Toyota Motor Corporation specializing in the production of mini-vehicles, announced on the 25th that it would compensate 423 domestic suppliers with whom it has direct business relationships.

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