2 h. ago Canada’s Carney unveils billions in relief hit by Trump and China tariffs

Canadian Prime Minister Mark Carney on Friday rolled out a multibillion-dollar relief package for businesses battered by tariffs imposed by both the US and China. Carney said his government will invest C$5 billion (US$3.6 billion) through a new fund to help firms adapt, diversify and grow, as well as boost Business Development Bank of Canada loans for small and medium-sized businesses and expand a loan facility for tariff-hit large enterprises. He also said his government would waive 2026 model...

Politics

15 h. ago Volvo reorganizes China business in push to counter stalling sales

Volvo reorganizes China business in push to counter stalling sales  Automotive News

Economics

15 h. ago China’s Jiangsu Hengrui signs licensing deal with Braveheart Bio for heart drug

Jiangsu Hengrui Pharmaceuticals, a Chinese developer of novel drugs, could receive up to US$1.01 billion in milestone payments after granting a US company exclusive rights to develop a heart disease drug, the latest example of mainland drug makers licensing early-stage assets to international partners. Jiangsu Hengrui entered into a licensing agreement with one-year-old US start-up Braveheart Bio for its innovative drug HRS-1893 to treat obstructive hypertrophic cardiomyopathy, according to a...

Events

16 h. ago Starbucks China valued at about US$5 billion by bidders, sources say

Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the discussions. That would make a potential deal one of the most valuable China unit divestments by a global consumer company in recent years. The offers, which have not been reported previously, would let Starbucks push ahead with the sale in a market where it faces sluggish growth and stiff competition from local...

Economics

17 h. ago Starbucks Said To Have Landed $5B Valuation For China Business Amid Intense Battle With Luckin Coffee

Starbucks Said To Have Landed $5B Valuation For China Business Amid Intense Battle With Luckin Coffee  Stocktwits

Economics

30 h. ago Sean Duffy on US, China space race: Beating China is ‘critically important’

Sean Duffy on US, China space race: Beating China is ‘critically important’  Fox Business

Politics

31 h. ago Chinese provinces prep for business trips to US amid shaky tariff truce

More Chinese entrepreneurs and local government representatives could soon be packing for New York and California, aiming to take advantage of a recent stabilisation in US-China relations to hop across the Pacific and scout out potential trade and investment opportunities. Visits by delegations from China in the coming months will seek to leverage the pro-business amity and autonomy of local authorities in the US to advance economic ties, as Beijing encourages subnational exchanges. China’s...

Economics

34 h. ago Cambricon shares slump 14%, the most in 7 months, as investors lock in gains

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the mainland’s most frenzied stock rallies this year. Shares of the Shanghai-listed company sank as much as 16 per cent before closing 14.4 per cent lower at 1,202 yuan, the steepest single-day decline since January 16. The stock lost 84 billion yuan (US$11.8 billion) in market capitalisation. The sharp sell-off also erased 6.9 per cent from the...

Economics

36 h. ago China is standing up to Trump – unlike US courts, Wall Street or business

Where are the guardrails and checks on US President Donald Trump’s radical agenda? This is a question that was asked frequently in the first three months of his second term as America’s financial and business community came to terms with his fierce assault on the global trading system and his contempt for the rule of law. Yet in the past few months, another, more alarming question has arisen. What if there are no effective restraints on Trump’s policies, or too much damage is done before...

Politics

36 h. ago Why China is the only actor standing against Trump’s radical agenda

Where are the guardrails and checks on US President Donald Trump’s radical agenda? This is a question that was asked frequently in the first three months of his second term as America’s financial and business community came to terms with his fierce assault on the global trading system and his contempt for the rule of law. Yet in the past few months, another, more alarming question has arisen. What if there are no effective restraints on Trump’s policies, or too much damage is done before...

Politics

39 h. ago Adrian Cheng exits as CTFE director, ending role in Hong Kong family empire

Adrian Cheng Chi-kong is no longer a director of New World Development parent company Chow Tai Fook Enterprises (CTFE), cutting the last tie that connected the former heir apparent to one of the city’s most powerful business empires. His name is no longer listed as a director, according to the Hong Kong Companies Registry, the government body responsible for the incorporation and regulation of companies. It did not indicate when he stepped down from the post. CTFE did not respond to requests for...

Politics

60 h. ago Here are the new weapons China unveiled at its big Victory Day parade

Here are the new weapons China unveiled at its big Victory Day parade  Business Insider

Events

2 d. ago The US Army is moving its new strike missile to a frontline Pacific ally, angering Russia and China

The US Army is moving its new strike missile to a frontline Pacific ally, angering Russia and China  Business Insider

Events

3 d. ago Tesla Rivals XPeng, Nio Report Record China EV Sales; Nio Swings On Earnings

Tesla Rivals XPeng, Nio Report Record China EV Sales; Nio Swings On Earnings  Investor's Business Daily

Politics

3 d. ago Margin buying of Chinese stocks sets record at US$320 billion

Mainland stock traders boosted their leveraged bets to an all-time high, adding fuel to a liquidity-driven rally that catapulted a key benchmark to its highest point in a decade last month. The outstanding value of the shares bought with borrowed money rose to 2.28 trillion yuan (US$319.2 billion) on the mainland’s exchanges on Monday, according to data from China Securities Finance and Bloomberg. That surpassed the previous high of 2.27 trillion yuan set on June 18, just before a quick...

Economics

3 d. ago 8th meeting of Kazakhstan–China Business Council to convene in Beijing

8th meeting of Kazakhstan–China Business Council to convene in Beijing  qazinform.com

Politics

4 d. ago US companies doing business in China say they’re staying put despite tariffs: ‘We’re trapped’

US companies doing business in China say they’re staying put despite tariffs: ‘We’re trapped’  New York Post

Economics

4 d. ago Tesla China cuts price of new Model 3 as moment of truth nears

Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium electric vehicle (EV) segment. The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland...

Politics

4 d. ago Forget the food delivery war — Alibaba makes clear the real play in China is AI

Forget the food delivery war — Alibaba makes clear the real play in China is AI  Business Insider

Society

5 d. ago ‘We’re trapped’: Trump’s tariffs lock US businesses in China

‘We’re trapped’: Trump’s tariffs lock US businesses in China  Politico

Politics