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Deadly Explosion at China Fireworks Factory Kills Dozens
BusinessAPBBCbloomberg+9FTfazle-figaroSCMPmkd-mkcaixin-globalchina-dailystar-malaysia+1 more2d ago12 sources

Deadly Explosion at China Fireworks Factory Kills Dozens

A fireworks factory in China's Hunan province experienced a devastating explosion, resulting in the deaths of at least 26 people and injuring dozens more. Authorities have launched an investigation into the incident.

South Korean Ship Attacked in Strait of Hormuz Amid Rising Tensions
WorldAPReutersBBC+134bloombergNYTwsjFTle-mondewapoThe GuardianNPR+126 more3d ago137 sources

South Korean Ship Attacked in Strait of Hormuz Amid Rising Tensions

A South Korean-run vessel was hit by an explosion and fire in the Strait of Hormuz, prompting Seoul to confirm an attack and raising regional tensions. The incident led to the US escorting merchant ships and rejecting Iranian claims of missile strikes on its warships, while also urging China to press Iran on opening the strait.

8 takeaways from the economic briefing at China’s ‘two sessions’
BusinessReutersNPRSCMP+5indian-expresscaixin-globalchina-dailyhk-free-pressglobal-times2mo ago8 sources

8 takeaways from the economic briefing at China’s ‘two sessions’

China’s top economic officials held a press conference on the sidelines of the “two sessions” – the annual meetings of China’s top legislature and advisory body – in Beijing on Friday. The briefing,…

Worldstraits-timescaixin-global3d ago2 sources

China Counters US Sanctions with Blocking Order

China has issued a “blocking order” to counter US sanctions targeting its refineries, a move seen as a rare act of defiance. This action could escalate into a broader showdown, potentially impacting banks involved in the dispute.

China's DeepSeek Slashes Prices for New AI Model Amid Price War
BusinessReutersbloomberghotnews+7straits-timesndtvvijesti-meseeking-alphacaixin-globalRapplerzerohedge10d ago10 sources

China's DeepSeek Slashes Prices for New AI Model Amid Price War

Chinese AI company DeepSeek has drastically cut the fees for its new V4-Pro AI model, with some reports indicating a 75% reduction. This move comes as the company aims to drive adoption and navigate an intense price war within China's fast-evolving artificial intelligence market.

US Seizes Iranian Ship Near Hormuz, Tehran Vows Retaliation Amid Tensions
WorldAPReutersBBC+117bloombergNYTwsjFTle-mondeThe GuardianNPRAl Jazeera+109 more17d ago120 sources

US Seizes Iranian Ship Near Hormuz, Tehran Vows Retaliation Amid Tensions

The United States seized an Iranian vessel near the Strait of Hormuz, prompting Tehran to vow retaliation and further escalating tensions in the critical waterway. This incident occurred ahead of planned peace talks, which Iran is reportedly considering boycotting due to US demands.

Worldcaixin-global20d ago

Iran War's Impact on Global Trade

An in-depth analysis examines how the ongoing conflict involving Iran is significantly disrupting and strangling global trade routes and economies.

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access
WorldAPReutersBBC+153bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+145 more1mo ago156 sources

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access

President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.

Peter Magyar Pledges Hungarian State Media Reform
PoliticsAPReutersBBC+126bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+118 more22d ago129 sources

Peter Magyar Pledges Hungarian State Media Reform

Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.

Politicscaixin-globalstar-malaysiapress-tv+1azernews26d ago4 sources

Iran-US Ceasefire and Strait of Hormuz Tensions

A fragile ceasefire between Iran and the US is in effect, with delegations arriving in Pakistan for talks. Iran has warned against any ceasefire violations and announced new shipping routes in the Strait of Hormuz, prompting a call from Donald Trump for Iran to stop charging fees for passage.

AI Startup Pomo Raises $4.5 Million in Seed Funding
BusinessBusiness Insidercaixin-global29d ago2 sources

AI Startup Pomo Raises $4.5 Million in Seed Funding

Pomo, an AI startup founded by Praneet Dutta and Joe Cheuk, has successfully raised $4.5 million in seed funding, led by Kindred Ventures, to help marketers fine-tune campaigns and monitor rivals.

Businesscaixin-globalchina-daily1mo ago2 sources

China Emphasizes Innovation, Income Growth, and Strategic Goals; PepsiCo Chief Sees Potential in Five-Year Plan

China is targeting income growth to rebalance its economy, opting for an innovation-led industrial upgrade, and employing a strategy of 'little treats' while actively encouraging innovation collaboration to achieve its national economic and strategic goals; the PepsiCo chief also sees significant potential in the country's new Five-Year Plan.

Businessnikkei-asiacaixin-global1mo ago2 sources

Unitree Robotics Files for $608 Million STAR Market IPO

Unitree Robotics, a Chinese manufacturer of humanoid robots, has officially filed for a $608 million initial public offering (IPO) on Shanghai's STAR Market, confirming earlier reports of its plans to raise capital.

Trump Administration to Collect $10B Fee from TikTok US Takeover
BusinessReuterswsjThe Guardian+25cnbcle-figaroSCMPNHK Worldn1-serbiacapital-bghaaretzTimes of India+17 more1mo ago28 sources

Trump Administration to Collect $10B Fee from TikTok US Takeover

The Trump administration is reportedly set to receive a $10 billion fee from investors involved in the takeover of TikTok's US operations, an exceptionally rare payment for brokering such a deal.